Range
Possible short entry on Bitcoin rangeSeveral hard rejections at resistance (see red dots).
Rounded formation at resistance – indicated buyers exhaustion, favoring shorts.
Candle has yet to close and a lot can happen especially in those last ten minutes.
Possible resistance at 19760 - could be a first TP point. If bullish reaction there is weak (watch volume), I would let it run to 19620, which is where a high volume node is located (which often acts as support).
I expect strong support at bottom of range. If we do get there (we may not break through the high volume node) then it’s a good entry for long position.
!!Still, it depends on how current candle plays out!! Watch that for confirmation
**NFA**
BITCOIN 4 phase of trading 📖💡 Hello 🐋
Based on the chart, the price is in the rang phase close to the support area ✔️
so
for now, we expect to see brief gain for the price 👌🚀
but
based on the information (our4 phase plan) on the chart we expect to see more correction and our main target is the area of $18350 to $18780 📖💡
after that
based on the Theter dominance and a good deal of other information from the chart, we will enter to the long or short position 📖💡🐋
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
New range forming on Bitcoin for LTFSo yesterday I posted an idea that said BTC PA is showing bullish weaknesss and may set the precedent for a new drop. (Idea is linked as related idea below.)
Reason why I said so was that there was an absence of any significant buyer reaction following the big drop we had the day before. PA was just weakly crabbing, with buyers showing a complete inability to overtake sellers enthusiasm.
Overnight (I'm in EU) this drop did take place. (Sadly, my TP was missed by a millimeter - but that's irrelevant to my point here ;) )
Point being is that we are now seeing the strong buyers reaction that was absent yesterday.
I think this is indicative we **may** be seeing the formation of a new LTF range.
I indicated the range in blue, the resistance zone in red, the support zone in green, and possible deviation levels as thick dashed lines.
It's very early to say that this will indeed be the range for the coming time. We need to see another high rejected at the level, and another low supported at the level for strong confirmation. And remember that Mondays and Tuesdays can be deceiving.
However, for now I'm using this as a main orientation for as long as it is not invalidated. What is particularly important to watch out for today is the reaction of the price once it hits the bottom of the range.
**If** it reacts strongly (which, taking into account the first reaction, I think it is more probably than not that it will), I think range is confirmed, and we can play it.
NFA, but I hope it is helpful.
NZD-JPY Wait For Breakout! Sell!
Hello,Traders!
NZD-JPY is trading in in a range
And the recent price action is bearish
Because the pair seems to be trying to break
The support so we are watching it closely
And IF we see a bearish breakout of the range
Then the price will go further down
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Op/USDT In Falling Wedge and Range [not so OP right now] Opusdt is in a Falling Wedge and in a range
Opusdt broke the support now we can see resistance from the previous support and support from the previous resistance and all these in a range inside of the Falling Wedge Pattern
After breakout we can see significant movement in opusdt
If we breakout upside than we have Falling Wedge Pattern confirmation but
If we breakout downside than we have Head&Shoulder Pattern Confirmation
P.S.THIS IS NOT A FINANCIAL ADVICE
It's a dip, not a drop (says ATR)
Price and range typically move in opposite directions (you will pay more for a less volatile asset). The bottom chart (Average True Range) looks like a mirror image of the top (Price). For a perfect example I'm appending the same chat but have scrolled back to the COVID drop.
The ATR is in a larger downtrend that remains intact.
** It did not break out today. **
Until that changes, a price reversal remains a distinct possibility..
This is not a prediction. It's a reminder not to assume anything .
NOTE
**Chart shows the combined 3 index. They are weighted so that a 1 point change will imply the same change in $ terms. (For weights see www.barchart.com
When price and ATR jive:
CHF-JPY Short In The Range! Sell!
Hello,Traders!
CHF-JPY is trading in a range
Between the resistance and support levels
And after another retest of the resistance
We are seeing a bearish reaction
So a move down is probable
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
$NEPT Next Target PTs 5.50-6 and higherNeptune Wellness Solutions Inc. operates as an integrated health and wellness company in Canada, the United States, and internationally. It builds a portfolio of lifestyle brands and consumer packaged goods products under the Biodroga, Forest Remedies, Ocean Remedies, Neptune Wellness, Mood Ring, PanHash, Sprout, Nosh, MaxSimil, and NurturMe brands. The company also offers turnkey product development and supply chain solutions to business customers in various health and wellness verticals, including nutraceuticals, beauty and personal care products, and organic foods and beverages. In addition, it is involved in the extraction, purification, formulation, and manufacturing of health and wellness products. Further, the company offers Maxsimil, an omega-3 fatty acid delivery technology that uses enzymes that mimic the natural human digestive system to predigest omega-3 fatty acids. It has a collaboration agreement with International Flavors & Fragrances Inc. to co-develop hemp-derived CBD products for the mass retail, and health and wellness markets. The company was incorporated in 1998 and is headquartered in Laval, Canada.
$SPCB Next Target PTs .75-1.25 and higherSuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. It offers MAGNA, a common platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management. The company's PureRF suite is a solution based on RFID tag technology to identify, locate, track, monitor, count, and protect people and objects. Its PureRF suite comprises PureRF tags, hands-free long-range RFID asset and vehicle tags, PureRF readers, PureRF activators, and PureRF initializers, house arrest monitoring systems, PureTag RF bracelets, PureCom RF base stations, GPS offender tracking systems, PureTrack, PureBeacon, PureMonitor offender electronic monitoring software, inmate monitoring systems, DoorGuard tracking station, and personnel tags. In addition, the company offers domestic violence victim protection systems. Further, it provides connectivity products and solutions comprising AVIDITY WBSac, BOLSTER WBSn, BreezeULTRA P6000, Arena controller, and BreezeNET B. Additionally, the company offers Safend's Encryption Suite that protects the organization's sensitive data; and designs solutions for carrier Wi-Fi, enterprise connectivity, smart city, smart hospitality, connected campuses, and connected events. It sells its systems and products through local representatives, subsidiaries, and distribution channels, as well as independent representatives and resellers. The company was formerly known as Vuance Ltd. and changed its name to SuperCom Ltd. in January 2013. SuperCom Ltd. was incorporated in 1988 and is headquartered in Tel Aviv-Yafo, Israel.
Bitcoin rejected and possibly continuing range There are a lot of rejections, paired with volume decreasing here (1H chart).
If we drop below the indicated level, I'll consider it safe to keep playing the range a little while longer.
Not entering now, because even though you **could** catch a great local top, market conditions are not such that you can assume all too much about what "will happen". Its treacherous right now, so the environment demands you react as opposed to trying to predict. Thus, waiting for clear confirmation signals is key imo.
XAUUSD - new potential setupsFX_IDC:XAUUSD
Hello everyone!
🛎 Let check the trading idea for XAUUSD
🤗 Not making anything difficult everything is pretty straightforward.
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. Short positions to activate. 🔴
----------------------------------------------------------------------------------------------------------------------------
⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to H4
----------------------------------------------------------------------------------------------------------------------------
😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝
💪 Profitable lock for everyone! 🙏