AUDUSD - Important Breakout Hello Traders !
On the daily time frame, the AUDUSD broke the resistance level (0.67140 - 0.67480).
This key level becomes a new support level !
So, I expect a bullish move📈
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TARGET: 0.68410🎯
Resistence
ETH/USDT 4h interval chart Hello everyone, I invite you to a quick review of the ETH to USDT chart for the 4H period. As we can see, the price is approaching leaving the local triangle, which indicates a possible direction for further movement.
When the price starts to reverse, support levels are visible at $3,088, then support levels are visible at $3,048, and support levels are at $2,986, $2,942, and $2,885.
However, when the price moves up again, it must overcome the resistance at $3,166 to continue towards the strong resistance at $3,264.
Looking at the RSI indicator, we can see that we have entered the upper part of the range, but there is still room for the price to go up.
Silver: Thoughts and Analysis Today's focus: Silver
Pattern – resistance stall, continuation
Support – $28.70
Resistance – $31.30
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart.
As per most reports, we have started looking out, highlighting the main trend and key points before moving into the current price action. Looking at the current break higher and resistance point, will we see the current continuation contnue?
We have run over what we are looking for to confirm this and some warning signs to watch out for as well.
Good trading.
Is LTC approaching a trend reversal?I invite you to check the situation of LTC in pair with USDT on a one-weekend basis.
We see on the chart that the price is at the intersection of two lines, an upward trend line and a downward trend line. These are the two main trend lines that have currently formed a triangle from which the price will choose the direction of movement.
Locally, we can see a sideways trend channel with smaller and smaller lows.
The RSI indicator shows that we have approached the place where we could previously observe price rebounds, the STOCH indicator looks similar, but here we can see a movement at the lower limit, which may translate into an upward movement.
Moreover, the chart shows how the price remains in a strong support zone, which may also influence the upcoming rebound towards the designated resistances.
SOL/USDT 1D Chart Review Hello everyone, I invite you to review the SOL chart in pair with USDT on a one-day time frame. As you can see, the price has approached the downward trend line, but will it be enough to break it up? after unfolding the Terran Based Fib Extension net, you can see that we are fighting against the current resistance at $149, then there is resistance at $165, the third at $179, and the fourth very strong resistance at $193. Looking the other way, we can similarly determine places of support. And here, the first support level is visible at $136, then the second resistance at $125, the third at $109, and the fourth at $98. When we look at the RSI indicator, we can see that it is at the upper limit, which may result in the inhibition of growth or even another attempt at recovery.
#BTCUSDT: QUICK UPDATE!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
Welcome to this quick BTC update.
Bitcoin (BTC) is currently trading in a pattern resembling a falling wedge in the 6-hour timeframe. This pattern can indicate a potential breakout in either direction, so further confirmation is needed.
Here's what we're watching:
Breakout Confirmation: A clean break and close above the upper trendline of the wedge would be a bullish signal, potentially leading to a price increase towards the $66k- FWB:67K zone.
Rejection: If the price fails to break out and falls back below the wedge, it could test the support level around $60k again.
Looking Ahead: The weekly candle close can offer additional insights into potential future price movements.
What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below!
huge waterfall coming for GOLD this week, Be ready!GOLD may retest 2318 area and complete an inverted head and shoulders, and then head up to resistance level which lines up perfectly on trendline resistance AND lines up perfectly at the 61.8% Fibonacci level, this is a very interesting level for these 3 lining up this trendline has been valid for months and very strong trendline resistance that has been tested multiple times. I suspect GOLD will plummet down to 2300-2280 by the end of this week, probably during London session as from my personal experience I have seen this happen multiple times and have taken this opportunity to profit off this pattern
moreover the DXY has been making impulses to the upside and healthy retracements to continue with another impulse this week if the trend continues, keeping on eye on news to support this bias and watching these levels on particular the 2340-2350 area
Huge waterfall coming this week for Gold be ready !!GOLD may retest 2318 area and complete an inverted head and shoulders, and then head up to resistance level which lines up perfectly on trendline resistance AND lines up perfectly at the 61.8% Fibonacci level, this is a very interesting level for these 3 lining up this trendline has been valid for months and very strong trendline resistance that has been tested multiple times. I suspect GOLD will plummet down to 2300-2280 by the end of this week, probably during London session as from my personal experience I have seen this happen multiple times and have taken this opportunity to profit off this pattern
moreover the DXY has been making impulses to the upside and healthy retracements to continue with another impulse this week if the trend continues, keeping on eye on news to support this bias and watching these levels on particular the 2340-2350 area
MKR/USDT 1D Chart ReviewHello everyone, let's look at the 1D MKR to USDT chart, we can see how the price is moving in a descending triangle defined by yellow lines.
Let's start by setting goals for the near future that we can include:
T1 = $2,599
T2 = $2,946
T3 = $3,512
AND
T4 = $3,909
Now let's move on to the stop loss in case of further market declines:
SL1 = $2,200
SL2 = $1,890
SL3 = $1,724
AND
SL4 = $1,407
When we look at the RSi indicator, we can see it moving around the middle of the range, with room to move in both directions. However, the STOCH indicator shows that we are bouncing off the upper limit, but the price movement itself is not large.
$TOTAL is flerting with important Fibonacci Circle resistenceAfter a fake breakout from important Fibonacci Circle resistence and a fake breakout from the downward blue continuous line, CRYPTOCAP:TOTAL is trying to find now support over the daily 200 EMA (green line) that coincides exactaly over an important VWAP reset line
If prices continue to fall, a very important support will be over the market "Support Box"
Once the price breakout from the red Fib Circle, market will continue its move upward
6/28 New Day New Idea..... Will the bulls save it GREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!
😏 😏 😏
06/28/2024
**News** ON THE BLOCK TODAY!!!!
***Personal Income and Outlays*** ⚠️ **RED FOLDER** ⚠️
8:30 AM ET
***Chicago PMI***
9:45 AM ET
***Consumer Sentiment***
10:00 AM ET
@everyone
***Midnight*** **CONSENTRATED CONSOLIDATION **
*#ES 5560.50*
*#NQ 20131.50*
💰 **BUYSIDE**💰
***#ES 5588.25***.--->Above this level we look for --->....
🟢 5604
🟢 5616.75
🟢 5639.50
🟢 5653.25
🟢 5676.85
***#NQ 20141.50***...---> Above this level we look for-->
🟢 20151.50
🟢 20201.50
🟢 20246.00
🟢 20292.25
🟢 20332.50
💰 **SELLSIDE**💰
***#ES 5552.50***--- Below this level and we look for
🔴 5537.50
🔴 5509
🔴 5489.25
🔴 5468.75
🔴 5436.50
🔴 5406
***#NQ 20092***---> Below this level and we look for
🔴 20052.25
🔴 20012.50
🔴 19956.5
🔴 19904.00
🔴 19880.25
🔴 19812.50
🔴 19775.25
🔴 19749.50
🔴 19693.25
🔴 19647.75
OHLC Stat Mapping Short as Always!-Manipulation Daily acted as beautiful resistence target was opposing +manipulation! 1:3RR ✅
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside.
**Rationale:**
~ Wedge (W) and downtrend line (M) resistance convergence
~ Multiple rejections of resistance
~ Shallow pullback (Fib 38.2%) resistance convergence
~ Possible retest
~ Possible lower low formation
**Disclaimer:**
My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
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#scalping
#intraday
Total market capitalization decline1) Total market capitalization declined has confirmed. This is one more argument that the price action since December 2022 is a bear structure.
2) Right now, Bitcoin price has gone under the 2009 trend line. The single relatively safe entry point to i see on BTC for speculations is 38k. Due to massive SMA support there the pattern might be more complex than straight ABC structure.
3) 5 ways down is never the end of a structure, according to Elliot waves principle.
There are no certainties in the market, only probabilities, so the bearish scenario is invalidated if BTC price fixes above 74 thousand, within 2 days.
Find more morę arguments in previous postings.
Good luck in your trading and have a massive profit!
AUDUSD: Multiple Rejections, Potential ReversalPrice has recently rejected this level multiple times. As-well-as multiple rejections and long-wick candlesticks, we have a rounding top chart pattern. I anticipate price will continue to reject this level and eventually breakout of the uptrend line, suggesting a bearish bias.
**Rationale:**
~ Area of resistance
~ Multiple rejections
~ Long-wick candlesticks
~ Rounding top
~ Break of trendline
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**Disclaimer:**
My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
---
#scalping
#intraday
#daytrading
BTC undergoing correctionHello everyone, let's take a look at the BTC to USDT chart on a one-day time frame. As we can see, the price rebounded from the upper border of the downward trend channel, and what is more, we can see how the local downward trend line was broken inside the channel.
Let's start by determining the support line and here there is a strong support at the level of $65,372, at which the price currently holds, then there is support at the level of $61,397, the third support at the price of $58,444, and further support at the lower border of the downward trend channel at the level of $54,792 .
Looking the other way again using the trend based fib extension tool, we can determine resistance. However, here it is worth starting by marking a strong resistance zone which the price cannot overcome from $70,105 to $73,515, then there is resistance at $76,267 and then at around $80,000.
Looking at the RSI indicator, we can see how we have approached the place where we could previously observe a change in direction, while on the STOCH indicator we are moving towards the lower border, which may also indicate an upcoming change in direction.
GBPUSD Retest Completed, Downside Continuation ImminentThe price recently broke out of the ascending channel (4H) and now appears to have retested resistance. The price seems to be rejecting resistance around 1.27337 and converging with the 38.2% Fibonacci retracement level. It seems to have failed to make a new higher high, forming a lower high instead. I anticipate that the price will continue to move downward.
**Rationale:**
~ Breakout of channel
~ Retest of resistance level
~ Resistance and 38.2% Fib retracement convergence
~ Rejection candlestick patterns forming
~ Possible lower high forming
**Disclaimer:**
My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
---
#scalping
#intraday
AUDJPY 240 - Resistance Breakout : an hour agoBroke through Resistance level of 104.87 at 6/19 03:00.
Possible bullish price movement forecast for the next
4 days towards 105.69.
Expiry Date/Time: 6/23 03:40
Will we see a price break attempt again on ETH?Hello everyone, I invite you to review the chart of ETH in pair with USDT, on a four-hour interval. As we can see, the price has risen from the first channel of the downward trend, then we can see a break from the local upward trend line and now we can see the second channel of the downward trend,
Currently, the price has bounced off the support at $3,495, but remaining in the descending channel, we may see the price drop to the support at $3,179. Going further, we have a very strong support zone from $2,954 to $2,678.
Looking the other way, you can see how the price remains in front of a strong resistance zone from $3,645 to $3,814, then there is resistance at $4,098, and then we have a very strong resistance at $4,560.
Looking at the RSI indicator, you can see that we are entering the upper part of the range despite a slight price movement on the chart, while the STOCH indicator shows that we are exceeding the upper limit, which may still result in another attempt at price recovery.
#ETH: eyeing a potential breakout on the 4-hour timeframe!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.
Invalidation:- 4hr candle close below $3400 level.
Let me know your thoughts in the comments below!
Will BTC hold up for collection?Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price remains at the upper limit of the downtrend channel
Let's start by determining the support line and as you can see, the first support on which the price is based is $66,150, if the support is broken, the next support is $62,510, then at $59,824, and then the fourth very strong support at the lower border of the channel at $56,532 .
Looking the other way, there is significant resistance at $68,248, and then just above the downtrend channel, there is a strong resistance zone from $72,012 to $74,000.
There is a visible downward trend on the RSI indicator, and each rebound gives room for another price drop, while on the STOCH indicator we remain at the lower limit, which should help maintain the price.
Where does ETC go?As we can see, the price is based on the lower border of the uptrend chennel, which may result in an upward move to 33$.
BNB/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BNB to USDT chart considering the one hour time frame. As we can see, the price is approaching the point of exiting the triangle, after the current recovery.
Let's start by determining the support line, as we can see, the price is based on a significant support at the level of $672, in case of breaking the support, the next support is $656, and then a very strong support at the level of $632.
Looking the other way, you can see the resistance at the price of $682, then there is a point at the price of $696, the third resistance is significant and has doubled the price increase at the level of $720, further resistance can be identified at the price of $736.
When we look at the RSi indicator, we will see that the energy is approaching the lower limit. We have a similar situation on the STOCH indicator, but here we are bouncing off the bottom of the mark, which slows down the decline.
