Supply_and_demand
AAVE and ONDOHello traders and investors!
It's time for a correction in crypto assets. I've selected two assets that look stronger than the market.
AAVE
On the daily timeframe, there is an uptrend. There was a false breakout of the level marking the start of the last buyer's impulse – 240.05.
On the hourly timeframe, there is a sideways range, and the buyer's vector 9-10 is active.
You can look for buy opportunities with targets at 300 (288, 297).
ONDO
On the daily timeframe, the buyer has formed an impulse. There was a small correction, during which a buyer's zone formed yesterday (green rectangle on the chart). The level of the daily test, 1.61094, passes through this zone.
On the hourly timeframe, the price formed a range. The buyer’s vector moved above the upper boundary of 1.68925, but the buyer returned the price to the range, forming a seller’s zone at the top of the range (red rectangle on the chart) and hit the daily test level of 1.61094.
You can look for buy opportunities with targets at 1.95 and 2.0, preferably from the buyer's defense at 1.61094 or 1.46712 if the price returns to those levels.
Good luck with your trading and investments!
XAGUSD. Trading opportunityHi traders and investors!
Overall, nothing particularly interesting is happening in the market from a daily timeframe perspective. If we don't delve into lower timeframes to look for trades, silver can be considered.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The seller's vector 9-10 is relevant, with a potential target of 26.471 (26.0185). The price has reached the level of 32.16, where the seller might resume (see previous posts). Below, a buyer’s zone has formed with an upper boundary of 31.478, what could become an obstacle for the seller.
4H Timeframe Analysis
On the 4-hour timeframe, the price has also formed a range. The upper boundary is 31.5365, and the lower boundary is 29.643. The buyer’s vector 9-10 has moved beyond the upper boundary of the range.
If the seller returns the price into the range (below 31.5365) and defends this return, the seller’s vector 10-11 will be relevant, with a potential target of 30.3165 (29.643).
If the buyer defends the breakout from the range, the potential target is to update the local high (31.286) and reach 31.5185 (the range boundary on the daily timeframe).
From my subjective point of view, the daily timeframe currently favors the continuation of the buyer's movement. However, a correction down to 30.3165 is possible.
Good luck with your trading and investments!
DOGS/USDT - Bullish Channel in H4 ChartThe DOGS/USDT pair on the H4 timeframe presents a potential Buying opportunity due to a recent formation of well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Days.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 0.0007321, positioned close to bottom of channel level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.0008984
2nd Support – 0.0009749
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
BONK/USDT - H4 - Wedge BreakoutThe BONK/USDT pair on the H4 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around Breakout.
Target Levels:
1st Resistance
2nd Resistance
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:USDJPY
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 148.82
2nd Support – 148.18
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
DOLLAR DROPPING?This week, I anticipate the DXY to retrace before continuing its recent bearish trend. Since reaching the weekly supply level, the price has consistently formed lower lows and lower highs. This bearish momentum aligns with the bullish trends seen in pairs like GBP/USD and EUR/USD, which I use as additional confluence.
I’ll be watching for the price to retrace to around 106.400, a key area for potential sell opportunities on the dollar. This level aligns well with points of interest (POIs) in my other forex pairs, adding further confidence to this setup.
Note: As we approach the final month of the quarter and year, market conditions may become less predictable due to lower volume. Stay alert, but manage expectations accordingly.
Stay vigilant, and trade safe!
Sell GBP/JPY Channel BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. FX:GBPJPY
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 188.85
2nd Support – 187.55
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT
US30 / TRADING A RANGE BETWEEN 45,100 AND 44,468 / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
The Dow Jones is trading between 45,100 (resistance) and 44,468 (support) , Prices are under upward pressure, but remain below the all-time high (ATH) of 45,100.
If prices fail to stabilize above 45,100, a decline is expected toward the lower support at 44,468,If prices break below 44,468, the decline could continue further into a demand zone between 43,960 and 43,719.
If prices break and stabilize above 45,100 (ATH), an increase is expected toward a new historical zone between 45,490 and 45,890.