Signalservice
DOGE & ELON The price of Dogecoin is $0.09 today with a 24hour trading volume of 770 million dollar . This represents a 10% price increase since last week and 22% price increase since last month
Musk's tweet offering 1 million Dogecoin to anyone who could prove ownership of an emerald mine has led to gains of 4.9% and who can forget when he changed the Twitter logo to feature the Shiba Inu dog, which caused another 30% pump
while Dogecoin's technical structure is bullish, there is a lack of buying pressure behind the coin. traders should be cautious and consider waiting for a break in structure on lower timeframes before seeking to enter short positions. daily active addresses have increased as social media buzzed about Dogecoin, but the 90-day mean coin age has been sliding downward since mid-March.
Dogecoin bounced off the moving averages on April 12, as seen from the long tail on the day’s candlestick. The bulls tried to drive the DOGE/USDT pair above the 38.2% Fibonacci retracement level of $0.09 but the bears did not budge. This suggests that the sentiment remains negative and traders are selling on rallies. Buyers must push and sustain the price above $0.09 to indicate that the selling pressure may be reduced. The pair may then ascend to the 61.8% retracement level of $0.10. Usually, a break and close above this level results in a 100% retracement. If that happens, the pair may soar to $0.11.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Alikze »» ENJ | Ascending channel - 4H🔍 Technical analysis: Ascending channel - 4H
- It is moving in an ascending channel in the 4-hour time frame.
- A Double Bottom pattern is formed in the range of the green box by creating higher floors (HL).
Meanwhile, the creation of higher ceilings (HH) can be met with a correction in the 0.14 zones or the bottom of the channel with demand and create a newer ceiling (HH) up to the supply zone.
- Currently, in the middle range of the channel, it can continue its growth with a correction in the range of 0.14 to the supply area.
💎 Alternative scenario:
In addition, if there is a stabilization below the 0.14 candlestick area and if the correction continues up to the specified areas and the green box, there is a possibility of breaking the green box area.
Therefore, if the correction is sharp, the bullish scenario is invalidated and can form a new floor.
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BINANCE:ENAUSDT
GBPJPY → Trade Analysis | SELL SetupGBPJPY s moving to the upper boundary of the ascending channel.
The volatility of the movement has decreased.
The price has reached the resistance level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Hellena | EUR/USD (4H): Long to the resistance area at 1.11551.Colleagues, price made a strong downward move and I redrew the waves. At this point, I believe price has just now completed wave “4” and I believe price will start an upward movement. First of all I don't want to set the target too high.
The 1st target is the resistance area at 1.11551. This is the area where volume accumulations have been taking place. In any case, I do not recommend entering short positions now.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Short to support area at 67 (Wave "3").Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips.
The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order.
I expect the price to rise a bit more to the 78 level, then I expect the price to drop to the 67 level. It will not be a quick drop, but we will be able to go short several times.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold- New all time high this week?Last week, OANDA:XAUUSD fell below the key support level of 2625-2630, briefly testing the area just above the important psychological support at 2600, which also aligns with the ascending trendline.
However, the bulls held strong, and after two failed attempts to push below this level, we saw a sharp reversal on Thursday, marked by a bullish engulfing pattern and a strong close on Friday. This erased the earlier losses from the start of the week.
These are clear bullish signals, suggesting we may see further upside movement and potentially a new all-time high this week.
My strategy is to buy on dips.
USDJPY → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
USDJPY moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Alikze »» SOL | Wave 3 or C scenario - 4H🔍 Technical analysis: Wave 3 or C scenario - 4H
- It is moving in an ascending channel in the 4-hour time frame.
- It is currently in wave 3 or c, which can continue its growth up to the top of the channel.
- A zigzag correction is observed in the corrective microwaves at the bottom of the channel, which has moved a three-wave towards the supply range.
- After that, a 5-wave correction has extended to the bottom of the channel in the golden zone.
- Wave a has a three-wave cycle and wave b has a five-wave cycle.
- Therefore, wave c can extend to the region of the roof of the channel and the red box.
💎 According to the structure, the minimum growth up to the first supply area, the middle range of the channel and after its failure up to the second red box, the ceiling of the channel can continue its growth.
⚠️ In addition, if the region 133.181 is touched, the bullish scenario will be invalidated and should be updated again. ⚠️
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KUCOIN:SOLUSDT
Alikze »» INJ | Reverse head and shoulders pattern - 12H🔍 Technical analysis: Suspect an inverted head and shoulders pattern
- In the analysis presented in the 12-hour time frame, it was mentioned that in case of selling pressure in the range of $25, the correction will continue until the Fibo range of 1.618 in the range of $18.75.
- It is currently moving in an ascending channel.
- It has faced selling pressure in the middle of the channel.
- Due to the formation of the inverted top pattern, in case of breaking the Fibo 1.618 and stabilizing below the 18.75 area, the correction will continue until the liquidity area and the origin of the movement.
- Therefore, according to the zigzag correction structure, this correction can extend to the liquidity area and complete the correction leg C in the specified areas.
💎 Alternative scenario , if it stabilizes in the range of 18.75, it can grow to the middle of the channel in the first step and then to the range of the supply area of $25.
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Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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Alikze.
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BINANCE:INJUSDT
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Hellena | Oil (4H): Short to support area at 72.299.Well, colleagues, the price did not stop and continued its upward movement. At the moment, I understand that the price should turn around and start the long-awaited continuation of the downward movement.
I believe that wave 2 should end in the area of 79.338 or it has already ended and the downward movement has already started.
In any case, I see the first target is the support area at 72.299.
This scenario will be canceled by reaching the level of 84.601, as this is the top of the wave “2” of the higher order, which means that the wave movement needs to be reconsidered.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USDCAD Short (2)USDCAD sell short as from my previous post spiked a bit before today's US FOMC news we are expecting at 2:00 PM EST. I have placed another short for USDCAD since we are phasing a major bull trend that has been building up for weeks prior to this news. I suggest placing in a short sell NOW prior to any news events occurring.
ENTRY: 1.36880
TP 1: 1.35843
TP 2: 1.35345
TP 3: 1.34797
SL: 25-30 PIPS from your entry
Please message me if you have any questions about this trade! Please enjoy your day and be sure to boost this post, follow this page, and comment what you want the next trade analysis to be! Thanks again from Aventura Holdings!
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
XAUUSDHere is our overall on XAUUSD . Potential short opportunity.
As of now, XAUUSD is struggling to break 2624 . If we break above this level we could see higher highs and we will continue to the upside.
However,
If we break below 2604 , we could see a downside move to our PBA (Pullback Area) sitting at around 2590 . Breaks below our PBA could also result in lower prices. Considering the fact we made an ATH it would not be out of the ordinary for gold to do a massive pullback .
KEY NOTES
- XAUUSD is struggling to break 2624.
- Break below 2604 would confirm sells.
- A pullback from ATH is not out of the ordinary.
- Break above 2624 could result in higher highs.
- Break below PBA would result in deeper pullbacks.
Happy trading!
FxPocket