GBPUSD analysisWe are looking at the hourly chart on the GBPUSD currency pair.
Price has been moving in a range of about 100 pips for 3 weeks now.
Yesterday we saw another push of the support zone and an upside impulse.
This tells us that price most possibly will reach the resistance of the range.
If market reaches the resistance we want to see if there will be a breakout, which will send GBPUSD to the 1,4340 level!
Sideways
BTCUSD - Daily Outlook Over the last couple of weeks Bitcoin has be trading in a sideways range consisting of a triangle pattern. Using time projections, we will have completed about 75% of this triangle pattern between June 2nd and 3rd. At that time we should anticipate price reuniting with the 21 day average which has not been checked in with since the 13th of May. After June 3rd we should anticipate price start to complete the E leg of the Bearish Triangle before breaking out in either direction. Current Bias us sideways to up.
Bitcoin at sideway as well as making pennant. Technical analysis:
Welcome to this quick update everyone
As we can see for 10 days, the price moves sideways, either testing the support level at $ 33448, then testing the resistance level at $ 42191. Now the price has tested the support level and bounced back. It is quite possible that the price will now drop to the support level again and break it, then the price may drop to $ 30,000. If the price rises, it will test the resistance level , if it breaks through it and fixes it, there is a chance of growth to $ 45,000 - $ 50,000 ...
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Side Trading range.POSH recently started trading through an IPO and got utterly destroyed. It has now been hovering around its IPO price of $42 and it looks like the side trading will continue until maybe the next quarterly report.
This is going to be a good range trade to profit off of for the time being between $38 - $48 and may re touch the lows of $33 depending on overall market conditions.
Secondhand retail business is popular and profitable for POSH and their business model is actually very easy to use despite what the bear say. I call that this is the bottom for the company as they are growing 40% quarter over quarter and its only a matter of time before wall street warms up to it.
Good Luck. Always do your own Due Diligence.
EURUSD going bearish on H1EURUSD currently on ranging or sideways.
Waiting at the best Zone to entry SELL for a better
risk to rewards ratio.
Wait for confirmation such as Bearish Engulfing or others.
If entry SELL now, you are more to gamble not trading.
I am a day trader as such i react to the market movement.
Lets share knowledge with others.
Follow, Like and Share.
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#EURUSD #Daytrader
Will it break-free tomorrow or wait until SNL?Looks like either we are breaking free by tomorrow afternoon or waiting until SNL. Interesting to watch!
Please share your thoughts, ideas, and evaluation. If you liked this analysis, smash the like button which will motivate me to publish more of my analysis often. Thanks for viewing!
Disclaimer: There is a very high degree of risk involved in trading. This is my very personal analysis and it does not intend to be a bit of advice in anyways.
VIX breaking 19?! The VIX has attempted to break the 19 resistance barrier several times during the past 10 days, a move will come soon. May is usually a month with lots of volatility, and a well known motto in wall street is sell in may and go away. Market is not looking particularly confident in either way so we could also be going sideways between the 18 and 20 area unless there's a big catalyst forcing a move straight up or down.
Trading on support resistence levels sideways tradingHello, this is my fist published idea.
I'm a beginner trader, but at the moment I'm happy with my first 3 months trading results.
I'd like to share this idea to know your opinion and maybe to have some tips to improve it, and of course I'm not inviting anybody to copy this idea.
This is actually a personal esperiment, where I'm investing a little part of my portfolio
Let's start:
1. I've choosen a project that I love and trust
2. I don't mind to set a stop loss until we're in the bull market
3. I will anyway Hold a certain quantity of those coins, having a bit more ADA than expected is not going to ruin my major risk management and exit strategies.
4. I am a beginner, so I wold appreciate any productive tip.
I started with the following amaount: 400USDT and 400$ worth in ADA
As you can see on my chart you can find 4 couples of prices, every couple of lines has the same colour.
The strategy is really easy:
once the price reaches the lower line of each couple, a buy order is set (eg 50/100USDT), only once, until the price reaches the higher line of the couple, where a sell order of the same amount of USDT is filled, then i repeat the procedure for every couple until we're still in a sideways market
Now I'd like to know if some of you alredy tried this srategy and if it has a name, as id like to find a bot that helps me to manage the smallest and quickest movements and taking advantage of those.
Thanks for reading and for any help provided
Fabiano
APHA Your MoveAphria has had a great run into 2021, but it seems to have switched momentum in the opposite direction since February. I'm sure the bad earnings didn't help it's case either. Worst case scenario, it falls to the next level of support around where the 200 EMA is currently. Best case scenario, it bounces off current support and makes a run back into its upward channel. I believe it has found a bottom at this support and the 100 day EMA and will bounce to fill the gap created today before it trades sideways. Only Time Will Tell.
WINk's sideways movement(Accumulation phase)WINk's current price surge hasn't stopped yet and a much steep surge going to come soon. Be ready for that. Currently, WINk may trade sideways for 1-2 days and if you don't want to take a risk then you place an order at 0.0025 USDT. If it touches this price, then no one can stop it from at least doubling. No doubt that WINk will follow the footsteps of BTT.
BTC At this time is shaking out weak handAll the feat is all over markets. Stock, Gold, Crypto is all down. Situation like this It will be chop up and down and shake out weak hand investors. At this point be careful and manage your risk carefully. It possible to move in the zone for maybe 5-10 days until bull come back.
AUDUSD H4 sideways shocks.AUDUSD H4 sideways shocks.
After falling back from the high of 0.7820 on January 6, the AUDUSD rebounded after reaching low 0.7563 yesterday (February 3). The current price is still above the 0.7600 integer.
Since the mid-term ascending channel (dotted line) has been broken, and the MA60 is about to “death cross” the MA200, the chance of rising in the short and medium term has been reduced, and there are already multiple resistance prices above. The larger chance in the future is sideways shocks.
It is recommended to do a trading strategy of buying low and selling high within the interval shown in the box.
Shock Range: 0.7570-0.7750
Update: Feb.4th 2021
Reliability: 5-10 Market Days
Short to mid term BTC playLooking at the I have a fib extension from the top of the 2017 ATH (20K) and if you look it has played these Fib extension levels like a champ!
Currently I am seeing lower highs and lower lowers forming from its prior 42K top I could see BTC pump up to the 35K range and ideally get rejected form the downward trend line which might be a good potential for a short term short.
Target downward to the 1.38 fib or 27,500.
If BTC breaks above and holds above the 35K area then the trend pattern has changed.
If BTC post a HIGHER LOW IE 29K or higher then the pattern has changes.
This could be the range of sideways trading that we have been waiting for for the first alt season to take place till is coils to the end of the triangle.
Lets see what happens and best of luck!