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Resistence

High and Low Liquidity Pivots. Which ones do I choose?Welcome to the coffee shop everybody this is your host and Baristo Eric, and I'm here today to let you guys know about the difference between high liquidity and low liquidity pivots and when I say pivots I mean price levels in the market. I want you to keep in mind that this trick works on all time frames it doesn't matter what time frame you're looking at but it certainly works best if you're comparing the high time frame to the low time frame that you're trading on. This is a price action trick and strategy that you do not need an indicator for. Which means you can never get this wrong as you long as you follow these rules but the minute you try using an indicator for this you're going to miss out on some important details. Now obviously there's a few rules that you need to follow when you're looking for high liquidity or low liquidity pivots and in the image above you should be able to see it but in the text below I'll give you my breakdown of the 123 rule that you can really follow to understand what you're looking for. Here's a few rules to follow: 1. Bullish candles make high pivots 2. Bearish candles make low pivots 3.the length of the Wick of the candle is the trigger to tell you what you're looking for. You cannot find low or high liquidity in a market during the trend. You can only see it after the trend has finished and you are either currently ranging or you are in the alternate trend meaning you were in a downtrend and now you're in an uptrend or a sideways market. You want to look for these liquidity types in the previous trend but using the strategy in this video you can also find high and low liquidity in arranging markets simply by looking at the ranging market that previously took place. The trick to finding liquidity in the market goes like this: Finding Sell Liquidity (Resistance) in previous market moves. If you were in a downtrend and now it has completed you can look backwards at that downtrend and find all the bullish candles that will reflect the rules you were looking for. Look at the downtrend and find the bullish candles. You want the bullish candles that had swing highs and their upper Wick is longer than their lower Wick. If the previous market was an uptrend you simply wanna do the opposite: and previously up trending market you wanna find all the bearish candles and those bearish candles need to have a swing low Wick plus the Wick on the bottom must be longer than the Wick on top. These will reflect your SUPPORT levels (Buy Liquidity) One of the questions often asked is what do you do with these levels once you find them. Once you find low liquidity levels you wanna mark them this way you can treat them as plausible breakout areas meaning that with low liquidity in these areas price will reach those areas later on and price will continue to move through them because there are very few participants trying to buy or sell in a low liquidity area. High liquidity area however simply means there is a lot of volume lot of activity and when price reaches back to these levels that price will either stall or reverse at these levels. High liquidity areas also mean that these are banks and institutions trading at these levels so price can pull away from it retest and then come back to it for a very large move initiated by that same level.
OANDA:XAUUSD
by CoffeeshopCrypto
ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this important ETH update. Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price. On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH. So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600) What do you think about this? Share your thoughts in the comments section. if you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
2
#USDCNY long term selling opportunityAs you can see in the chart massive bearish divergence between price and MACD indicator in weekly time frame which can cause a long term selling opportunity. Also price is testing bullish trend line acting as resistance since its connecting the tops and every time price test this trendline sellers jumped into market and drive price lower. Also as you can see we already had bearish divergence in the price before and caused prices to come lower in previous tops
Short
by mohemati
ILV : Breaking Wedge - $280 Target🎯Exciting times ahead as ILV (Illuvium) showcases remarkable strength following its breakout from a falling wedge pattern. The charts are signaling a bullish trajectory, with the initial target and resistance level set at $108. Let's dive into the details of ILV's promising outlook. 📈💪 ILV's Bullish Breakout: Falling Wedge Pattern: ILV has successfully broken out of a falling wedge pattern, a bullish signal indicating potential upward momentum. Strength in Charts: The price action post-breakout suggests a surge in buying interest, contributing to ILV's current bullish stance. Key Price Levels: First Target: $108: The immediate target for ILV aligns with a significant resistance level at $108. Achieving and sustaining this level would mark a crucial milestone for further upside potential. Extended Target: $280: Looking beyond the initial target, ILV has the potential to reach $280, representing a substantial upside if the current bullish momentum persists. Trading Strategy: Confirmation of Strength: Wait for confirmation through sustained positive price action and volume to validate ILV's strength in the breakout. Entry Points: Consider strategic entry points based on pullbacks or retests of support levels, aligning with your risk tolerance and trading strategy. Risk Management: Implement risk management measures such as stop-loss orders to protect your investment in case of unexpected market movements. Conclusion: ILV's breakout from the falling wedge pattern signals a potential bullish trend, with $108 as the initial target and a promising outlook extending to $280. Traders and investors should stay vigilant for confirmation signals and plan their strategies accordingly. May your ILV trades be filled with success as we navigate the exciting developments in the crypto market. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
BTC on its way to $40,000 or $31,000?Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, we can see that the important support is the zone from $31,060 to $29,888, to which we can probably see a price reversal in the event of a correction, and then we have support at $28,406. Looking the other way, we can see that the price is fighting a very strong resistance zone from $33,267 to $35,698, only when it comes out on top and tests positively will we be able to see a path towards $40,000. Please look at the STOCH indicator, which shows that the energy is moving above the upper limit, which may also result in a price recovery.
by cryptodailyuk
2
BTC/USDT 4HInterval Review ChartHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. After laying out the FIb Retracement grids, we can see that first we have a support zone from $29,097 to $28,289, and then there is a second strong zone from $26,993 to $26,065. Looking the other way, we will similarly check the current resistance levels, but here we can clearly see a strong resistance zone from $30,358 to $31,845, only after it is overcome the price will be able to go up further. When we look at the STOCH indicator, we can see that we are in the process of recovery and there is room for the price to go slightly lower.
by cryptodailyuk
Filecoin (FIL): Can It Break Free from Bearish Grip?In the ever-fluctuating world of cryptocurrencies, investors and enthusiasts are closely watching the price movements of Filecoin (FIL) as it attempts to break free from the clutches of persistent sellers and consolidate its position in the market. While other digital assets have shown signs of bullish momentum, Filecoin has struggled to make significant gains, and it remains entrenched in a broader downtrend. A Battle to Sustain Above the 20-day EMA Filecoin, like many other cryptocurrencies, has had its share of ups and downs. At the moment, it is making a concerted effort to sustain itselfabove the 20-day Exponential Moving Average (EMA). This key indicator is often used by traders to gauge short-term trends and marketsentiment. For Filecoin, however, this hasn’t been an easy task, as persistent selling pressure has made it challenging for the bulls to gaincontrol. Filecoin’s Ongoing Downtrend Amidst Bullish Crypto Market While the overall sentiment in the cryptocurrency market has been bullish, Filecoin seems to be moving against the tide, remaining in a consistent downtrend. The coin has been forming lower lows, indicating a general weakening of its position despite the broader positivity in the crypto sphere. Investors and traders are keen to understand the factors contributing to this trend and whether there is any hope for a reversal. The 38.2% Fibonacci Retracement Zone: A Potential Turning Point One glimmer of hope for Filecoin is its current position near the 38.2% Fibonacci retracement zone. This is a critical level for technical analystsand traders as it often serves as a turning point for assets experiencing corrections. Buyers have been making determined efforts to initiate afresh recovery, setting their sights on a crucial swing barrier at $3.40. The question on everyone’s mind is whether this zone will serve as alaunching pad for Filecoin’s resurgence. Resilient Buyers Amidst Selling Pressure Despite the prevailing downtrend, Filecoin’s buyers have displayed remarkable resilience. They have consistently absorbed the sellingpressure, indicating their commitment to preserving gains. This resilience hints at a potential shift in the balance of power in the market.Investors are cautiously optimistic that this might be the catalyst for a much-anticipated upward trend. Understanding Filecoin’s Unique Challenges To make sense of Filecoin’s struggle within the cryptocurrency market, it’s essential to consider some of the unique challenges the projectfaces. Filecoin is a blockchain-based, decentralized storage network designed to provide secure and efficient data storage services. However,the decentralized storage sector is highly competitive, and Filecoin faces stiff competition from other projects offering similar services. One of the significant factors impacting Filecoin’s performance is its direct relationship with data storage supply and demand. The token’svalue is inherently linked to the utilization of its storage services. Therefore, any fluctuations in the demand for decentralized storage can havea direct impact on Filecoin’s price. The Role of Persistent Sellers One of the primary factors suppressing Filecoin’s price is the presence of persistent sellers. It’s not uncommon for cryptocurrency markets tohave a mix of long-term investors and short-term traders. Short-term traders often seek to profit from price volatility, and their activities canlead to frequent price fluctuations. While long-term investors may hold onto their FIL tokens in anticipation of future value, short-term traders may sell in response to short-term market dynamics. This constant supply of tokens in the market can create downward pressure on prices. Technical Analysis and the Fibonacci Retracement Technical analysis plays a significant role in evaluating the potential price movements of cryptocurrencies. The 38.2% Fibonacci retracement level, as mentioned earlier, is a key tool used by analysts and traders. This level often serves as a support or resistance zone, where price trends can reverse or gain momentum. A Glimpse of Hope at $3.40 As Filecoin’s buyers focus on the swing barrier at $3.40, it’s a price point that holds considerable significance. Breaking through this barrierwould not only represent a technical victory but could also signal a change in market sentiment. Traders and investors often look at roundnumbers and historical price levels as important psychological and technical levels. Successfully surpassing this barrier could set the stage fora more substantial recovery. Potential for a Reversal While Filecoin’s challenges are evident, it’s important to remember that the cryptocurrency market is known for its volatility andunpredictability. Sentiments can change rapidly, and what may seem like a downtrend could suddenly reverse course. Filecoin’s unique position in the decentralized storage space, combined with the determination of its buyers and the technical analysis at play,provide a glimmer of hope. If the market sentiment shifts, and demand for decentralized storage increases, Filecoin may see a resurgence.
Long
by DEXWireNews