Clean Trades on Both Levels Hello guys my idea on USDJPY. Expecting both buy and sell from both levels good trade ..
Trade safe. Tell me what you think about it.
Resistence
UK100 Short Call!!!UK100 is currently experiencing strong resistance levels in the market. To take advantage of the potential market scenario, we can consider opening a short position with a stop loss set at the resistance level. This will enable us to confidently anticipate a strong rejection and make the necessary trading decisions accordingly.
Look for support and resistance lines to help with daytradesI'm looking for a DT entry here on AMD but instead of entering prematurely and hoping it goes up, I'm waiting for bullish confirmation that will happen if bulls reclaim the resistance and use it as support. Meaning, it should shoot above resistance, then dip down to that line as SUPPORT. That would be my ideal entry.
Watch to see what happens here. Good learning experience even if you are not in the trade. You are welcome to use volume and moving averages to assist you with your entries.
NASDAQ:AMD
Soludt selling pressure Solusdt is not looking good here we may see more dump in future due to FTX selling NEWS. Currently solusdt is sitting at local support zone , if this support area breaks we will see more dump in sol upto next support of 12-13$.
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.DYOR!!!!
BTC 1H Review ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is approaching leaving the triangle, moving along the local upward trend line.
As you can see, we are close to returning above EMA Cross 200, which would change the trend to an upward one.
When we spread the trend based fib extension grid, we see a support zone from $25,762 to $25,642, and then a second support zone from $25,455 to $25,319.
Looking the other way, you can see that the price is fighting the first resistance zone from $25,881 to $26,036, then we have resistance at $26,159, and then the second resistance zone from $26,281 to $26,458.
The CHOP index indicates that there is still energy for movement, on the RSI we remain in the middle of the range, while the STOCH indicator indicates that we may see a slight price recovery.
Gold DailyGood short opportunities after a Monday of possible contraction of the asset. The last daily candle rejected by a strong supply indicates bearish continuation; the area between the current low and the 50% retracement appears to be an excellent rangebound area therefore contraction zones could be created before the descent. In the event of a bearish breakout, a retest zone before the short trend is desirable
BTC: LAST SMALL PUMP, BEFORE THE BIG DUMP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC has been in a very quiet mode for this whole week. It is still moving in the same range. The good thing is that it is still holding the support of $25.6k level.
As you see in the chart, it is forming a small falling wedge-like structure in a 4-hour time frame. Once it breaks out from it, we expect a small pump up to the FWB:27K level.
After this small pump, the real September bearish rally begins. So if you are trading actively than try to book your profits quickly and do not trade without SL.
Overall, I'm expecting a small bounce this week before the big dump. Let's see.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
50% retracement50% retracement is one of the most important support and resistance.
By creating the 50% zones it is possible to notice how at each timeframe the bars touch the support or resistance ones. The greater the time frames on which the lines are drawn, the greater the impact in terms of importance on the lower time frames.
The End of a Bear Market : Structural Breaks 📉📈🐻 Bear Market Recap: A bear market is marked by a prolonged period of declining prices and pessimistic sentiment. It can be challenging for investors, but it also sets the stage for a potential turnaround.
📉 Structural Breaks: One of the key signs that a bear market might be ending is the emergence of structural breaks on the price chart. These breaks could include a series of higher highs and higher lows, indicating a shift in market sentiment.
🚀 The Bullish Catalyst: Structural breaks are often accompanied by increased buying interest, a resurgence of optimism, and a more positive outlook for the asset in question.
🔍 The Importance of Retesting: After witnessing structural breaks, it's common to see a retest of old highs or key resistance levels. This retest serves as a critical validation of the new bullish sentiment. If the asset successfully retests and holds above these levels, it could be a sign that a new bull market is underway.
🔮 The Future Unfolds: While recognizing the signs of a potential market shift is valuable, always approach it with caution. Markets are complex, and not all structural breaks lead to sustained bull markets.
In conclusion, identifying the end of a bear market and the start of a new bullish phase involves recognizing structural breaks on the chart and understanding the significance of retesting old highs. It's a critical juncture in market dynamics and can present exciting opportunities for investors.
Stay vigilant, stay analytical, and remember – the transition from bear to bull is a moment of transformation and potential growth! 📊🚀
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BTC quick update Played out exactly the way we predicted ✨. Sold out exactly at $28,000 on this pump .
Now things to note carefully September month usually said to be bearish month. So trade carefully. If the btc broke the support of 25000$ we may see more drop, BTC can drop to 22000$-20000$ .
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DYOR!!!
Daily Review BTC/USDT 4HIntervalHello everyone, let's take a look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price turned around just before the downtrend line.
After unfolding the Fib retracement grid, we see that the first support is at $27,010, then the second support is at $26,671, then there is a support zone from $26,311 to $25,817, and then a strong support at $25,180.
Looking the other way, we can similarly mark resistance areas and in this situation the first resistance is at $27720, then the second resistance at $28306 where the price reversed, then we have a very strong resistance zone from $29159 to $30239.
Looking at the CHOP indicator, we see that the energy is slightly regained, the RSI deepens its decline with room for further price correction, while the STOCH indicator shows that there is room for the price to go lower in this rebound.
End of uptrend in hourly chartPrice crossed below 50 EMA
23 and 26 EMA negative cross over
Breadown the Higher Low TL
DOT/USDT 4HInterval Review ChartHello everyone, welcome to the DOT review in tandem with USDT. First of all, we will use the yellow line to mark the downtrend, as we can see the price tried to break above this line, but this attempt failed and the price quickly turned around.
Going further, we can move on to marking support areas in a situation where the correction will deepen. And here we first have a support zone from $4.48 to $4.38, then we have strong support at $4.27, then another support at $4.13.
Looking the other way, we see that the price did not hold above the first resistance zone from $4.63 to $4.84, we see that we touched the second zone from $4.78 to $4.84, but there was no energy to go further when it will move towards the $4.94 to $5.06 strong zone.
Please look at the CHOP index, which shows that the energy is slowly gaining strength, the RSI has a strong rebound, although there is still room for price to fall, and looking at the STOCH index, we see that most of the energy has been used up and there is some room for further movement.
BNB Chart Review 4H IntervalI invite you to review the BNB chart on a four-hour interval. As we can see, the price has broken the downtrend line and is now struggling to stay above it, while currently we will use the blue lines to mark the uptrend channel in which the price is approaching the lower limit.
After unfolding the Fib Retracement grid, we can mark the support zone from $219 to $215, when this zone is broken, there is support at $210, and then we have support at $203.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is now back below the resistance at $225, then we have resistance at the golden fibon point at $230, from which the price rebounded, only when it breaks up we will move towards the resistance at $238.
The CHOP index indicates that the energy has been consumed in the last increase and during the current recovery there is an accumulation, on the RSI we have a visible recovery after overheating but there is still room for the price to go lower, the same is indicated by the STOCH indicator which shows the place for us to fall to the support zone.
ETH/USDT 1HInterval Review ChartHello everyone, let's take a look at the ETH to USDT one hour chart. As you can see, the price is moving above the first and second lines of the local uptrend.
After unfolding the Trend Based Fib Extension grid, we see that first there is a support zone from $1715 to $1705, then there is a second zone from $1696 to $1683, then support at $1666, and then strong support at $1616.
Looking the other way, we can similarly determine minor resistances and here we will first mark the resistance zone from $1733 to $1751, then the resistance at $1765 and the strong resistance at $1780.
Looking at the CHOP indicator, we see that the rebound gathered a lot of energy, on the RSI we have a rebound with room for a further decrease in price, while the STOCH indicator shows room for growth, however, the upward move gives a small price movement on the chart, which may result in a price drop in the next hours .
BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. After the positive news of Grayscale's wins against the SEC, the market broke the long boring range. But the question is, is this enough to start a bullish rally? Let's find out....
As you see in the chart, BTC is forming a rising wedge-like structure in the daily time frame and it broke down. Now looks like it is going for a bearish retest.
We have a very strong resistance at the $28k- FWB:29K level. As of now price showing initial rejection from this level but in the short term we might see another test of this zone and after that real fall begins.
Overall the structure looks bearish. In the short term, we might see some greenery for a few days and after that another dump.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
XAUUSD - Price Action - Today's Key Zones - London/NY SessionToday's potential trades for #XAUUSD -
OANDA:XAUUSD
It's around 40 pips between today's support/resistance zone. If there's no breakout, we may have to trade within this range.
If there is a breakout of today's support/resistance zone, it will come at these levels.
📈Potential Buys on close above 1938.211
📉Potential Sells on close below 1934.294
Once the price has closed above/below, we will look for an entry on a smaller timeframe.
Our targets for today:
Buys:
Close Part of your trade/TP1 at 1942.879 and set SL to BE (or at around 20-40 pips)
Close Full/TP2 at 1949.477 (or at around 70-100 pips)
Sells:
Close Part of your trade at 1930.096 and set SL to BE (or at around 20-40 pips)
Close Full at 1924.891 (or at around 70-100 pips)
Happy trading all 🤑
BTC/USDT 1D Strong Upward MovementHello everyone, let's take a look at the BTC to USDT chart in a one-day timeframe. As you can see, the price is moving strongly towards the downtrend line, but still stays below it.
When we unfold the FIb Retracement grid, we see that the first support is at $27,506, then the second support is at $26,277, and then the third support is at $24,820.
Looking the other way, first resistance is at $28,392, then we have a strong resistance zone from $29,221 to $30,364 and then strong resistance at $31,807.
Looking at the CHOP indicator, we see that the energy is increasing with the price movement, on the RSI we have an increase with room for the price to go higher, also on the STOCH indicator we have a significant increase and some room for the price to go higher.
EURUSD still downtrendI don't see bullish acton on bottom therefore for me still down.
Good place for looking entry is top line op channel
ETH update Hey guys hope you all are doing well.
From last 3 days Ethusdt is moving 20$ up and down .
For ETH it is very important to break the 1700$ level for upward movement. But if ETH can't manage to hold the support area of 1635$-1625$ we may see more drop in ETH price.
Given in chart -
Support area:- 1635$
Local Resistance:-1700$
BTC/USDT 1H Interval Review Short-TermHello everyone, let's take a look at the BTC to USDT chart on a one-hour time frame. As you can see, the price has moved sideways from the local downtrend line.
After unfolding the Fib Retracement grid, we see that the price holds before the support zone from $26085 to $25913, then there is support at $25668 and then at $25350.
Looking the other way, first resistance is at $26,174, then second resistance at $26,295, then we have a strong resistance zone from $26,422 to $26,594, then strong resistance at $26,809.
Looking at the CHOP indicator we see that there is a lot of energy for the upcoming move, on the RSI we are back around the middle of the range, however looking at the STOCH indicator we see that there is still energy for the price to go lower.
XRP 4H Chart ReviewHello everyone, I invite you to review the chart of XRP in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range.
Moving on, we can move on to marking support areas when we start a larger correction. However, here, after unfolding the Fib Retracement grid, we see that the price is holding a strong support zone from $0.55 to $0.46.
Looking the other way, we can mark two resistance zones, the first zone from $0.58 to $0.63, and then we have the second resistance zone from $0.69 to $0.76, only when we manage to overcome them we can move towards resistance at $0.85.
When we turn on the EMA cross 200, we see that the price quickly returned to the blue line of the moving average 200, which indicates a quick return to the downtrend.
On the CHOP index, we can see that there is a lot of energy for the upcoming move, on the RSI we have a rebound and sideways movement around the middle of the range, while the STOCH indicator starts to turn around, which may indicate a price increase in the coming hours.
