TOTAL2 - ACTION WEN?! HOPIUM TRAP? Time is running out, update on my last analysis on TOTAL2.
OTHERS almost reached 320B MCAP.
Rejection wen?
Rejection
TOTAL2 HOPIUM BEAR TRAP? or TOTAL2 DOWNBREAK FAKE-OUT?Very important action going on. TOTAL 2 relief bounce carried by OTHERS?
Small fomo coming back into the markets?
TOTAL2 rejection from here OTHERS dump at 320B?
USDT DOMINANCE ON A HEAVY RESISTANCEWelcome to this important USDT dominance update.
Guys look at this USDT dominance chart in 2 days timeframe. I think it’s time to accumulate BTC and altcoins. Dominance is on the verge to fall. We have strong resistance at 5% and it is highly likely to get rejected from here. The RSI is overbought and eventually it has to come down. BTC and ETH on the other hand are holding good support.
If the dominance breaks and daily close above the resistance level then I will exit all my accumulation. This is something that could happen but my biased is towards the rejection of the dominance.
What do you think about the USDT dominance? Do you own research before investment.
Note: I am accumulating all my trades on spot. No leverage trading as of now.
Trade safe.
GBP/AUD Possible Short-Setup I will be watching this play out the next few days. But this resistance is holding up and if it continues ill be looking for the long-term short position here on the daily. Will see how this plays out, just a few more confirmations & it's a go!
NZDCAD Rejecting Support AreaWelcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
**It has reached a previous weekly level last visited May 2020 and rejecting. It appears the weekly bearish impulse has completed, and a long correction will begin from the current support.
Do you agree? Let us know your thoughts in the comments!
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Deere in HeadlightsOn the monthly, weekly, and daily, DE does not look good. It may seem like a Bull pennant but I believe this is a long distribution. The newest weekly close is a rejection of the top trendline. I expect it to retest the bottom of the trendline and, if the overall market is doing poorly, then DE will fail to bottom out and fall off a cliff. Price action is the biggest determinant here. The RSI, MACD, and moving averages do not suggest a bullish breakout but are more lukewarm in their current status. The newest weekly candle closing bearish is, for me, a signal that DE will now fall.
USDJPY downward movementUSDJPY is in a braoding wedge and we got rejected from an important resistance so we can enter a short postion (SL and TP sre shown in the chart_
AUDCAD pullback before continuationAUDCAD has seen a significant decline since meeting the upper trendline resistance, as predicted in the previous idea shown below.
Price has seen a pullback to an area of previous support but in my opinion we are still in a bearish wave and this small correction is an opportunity to get in before the wave continues down.
We are already seeing rejection from this area, this is an opportunity to look for price action signals for a short position.
On the chart is a conservative target but with a stop loss above this area of previous resistance around the 0.91600 mark, this would still represent approx 1.5 R trade.
NOT financial advice, make your own trading decisions.
EURUSD - My Trading Plan in 2 mins!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for EURUSD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
$LCID - Short Into Lockup ExpiryI will be entering a $LCID 2/18 36P @ 3.1 as a technical and fundamental trade.
Share lockup expires on the 19th, meaning over one BILLION shares will be unlocked and have the ability to be sold on exchanges, adding immense downward pressure.
Furthermore, we're at the top of our rangebound channel, meaning a technical rejection is highly probable.
To top it all off, the market is incredibly weak and choppy at the moment, adding increased downward pressure on the stock.
Will look to add to my position if conditions are favorable come Tuesday. Setup is invalidated above 45.
Multiple Rejection Points (Resistance and Support)Very Strong Support at the Horizontal Line with multiple rejections. BTC seems strong at this point; COULD IT BE THE BOTTOM???
EURJPY - Purple War Zones!EURJPY is overall bearish trading inside the brown channel.
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability buy setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 133.0)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)
Zone 2: (around 127.0)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
As EURJPY approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /top pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LTC - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
LTC is approaching a strong support in green so we will be looking for buy setups.
on H4: LTC is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, LTC would be overall bearish can still trade lower till the lower till inside the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
price action NZDUSDbecause of the breakout of the dynamical trend line and support zone
retest and rejection from that, its good opportunity for taking sell position
GBPAUD overbought at Supply ZoneGBPAUD is has had a very strong run up to a significant level that has acted as an area of supply since August, with price only briefly breaking above this area once before quickly driving back down below it.
RSI is overbought (>70) on the 12H, 6H and 2H charts and but has just had it's first sign of rejection out of this area. Expect price to see a correction back down towards the rising trend line as a short term reversal shouldn't see much support until the 1.86800 area.
Alternatively, if this impulse continues and price breaks through this Supply Zone, we could expect price to push up to test the next key level around 1.91000 - 1.91600, at which point price will be further extended and would be primed for a short term reversal.
EURJPY - My Trading Plan in 3 mins!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for EURJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
$TSLA Bearish Spinning Top candle falling back on the 50 EMA$TSLA Bearish Spinning Top candle falling back on the 50 EMA after being rejected by resistance
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products through its subsidiaries to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Austin, Texas.
USD/JPY Possible Resistance HoldWhen Price got to 115.320 back in NOV price made huge bearish impulse. Will history repeat itself, and be bearish down to 4hr Trend and possibly break or bounce? What are your thoughts on USD/JPY price movement?
GBPJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
GBPJPY is sitting around strong resistance so we will be looking for sell setups.
on M30: GBPJPY is forming a head and shoulders pattern , but it is still an idea.
Trigger => Waiting for the right shoulder to form then sell after a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, GBPJPY would be overall bullish can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDCAD rejected at resistance and headed lower.
Since it's multiyear high in Feb, AUDCAD created lower lows and lower highs in April and has continued bearish ever since with a string of consecutive lower highs and lower lows.
We have 2 clearly defined and repeatedly respected trendlines headed lower, created a broadening descending channel.
Price has has multiple attempts to break through this resistance since December 23rd and has failed, most recently with a tweezer top.
Overall this looks like a great opportunity for a high R short with a stoploss above the trendline/tweezer high.
This is not financial advice, you are responsible for your own trading decisions.
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BTC - It Is Possible That Next Capitulation Is HereOn Dec. 27th BTC has only managed to set a new local high before getting a hard rejection. We also did not hold 49k area (blue box), not even 48k (orange box), which was a local low set a day prior (26th). This is a definitely a sign of weaknes, therefore i am expecting that we will not revisit 55k (yellow box) area and are just going into final capitulation.
As for the alts.. btc dominance keeps falling and is expected to fall even further. What this could mean is that this last capitulation could impact btc more than alts.
Usually heading into a new year means bullish for alts and crypto in general.
I coulb be wrong and we could still trade sideways for a while, it is just that it is a bit more likely for a price to capitulate after getting rejeted that far. Just my opinion.
After we capitulate i still expect slow retracement so this grey arrow is a bit to steap.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:BTCUSDT
GBPUSD - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow.
GBPUSD is overall bearish trading inside the brown trendlines.
Moreover, the zone 1.36-1.37 is a strong support turned into a resistance.
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPUSD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD Reversal?USDCAD just had it's highest daily close of 2021 on Friday 17th December, at 1.28912. Daily highs have exceeded this level 3 times this year but each time the price was rejected and the price failed to close above that level.
So as priced has reached the highest daily close since December 22nd 2020, it has entered this area of rejection shown on the chart, while also displaying clear Bearish RSI Divergence as price climbs to the high while RSI slopes down.
While we may be in a new uptrend - creating a new higher low in October and pushing for new 52week highs would suggest so - this looks close to a prime spot for USDCAD to take a breather and see a short term reversal.
That being said, this is absolutely a spot where waiting for some confirmation of a reversal is a must - at the time of writing the momentum on lower time frames is strong, and bulls will have their eyes set on the nice round number of 1.29500, just a hairs breadth above the high of year achieved on August 20th.
