Supply Zone
Ethereum 3D Elliot waves with demand zone analysis hello friends,
as you can see on the chart, we have a solid downward 5-waves movement and since the wave 4 of the Elliot waves theory is already completed, we should wait for the 5th wave to mature to find the bottom.
I believe the market will continue its downward 5th wave and the best demand zone for the wave completion will be 550-640 order block . so if you want to invest in Ethereum the best support zone is yet to come and if you be patient enough you will get to buy it on very attractive prices.
Setting orders on the mention order block (550-640 USDT) with a stop loss of 490 to prevent from being stopped out on sudden market movements is a proper investment strategy for Ethereum.
Please manage your risk responsibly and make informed decisions.
good luck!
PVR LTD Supply Zone Breakout Swing high Break*PVR LTD*
Time Frame: Daily
Observation:
* Supply Zone Breakout
* Swing high Break
Resistance/Target: 1975 2092 2214
Support: 1711 1630
BTCUSDT local bullish until the supply?
The price is testing the resistance on the 4h timeframe and now the market is trying to create a new higher high
How to approach it?
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
BTCUSDT H1 potential short position Hi,
BTCUSDT H1 is almost at the end of the triangle pattern ,
price usually acts more volatile once the stock market opens (Monday is coming)
price already gets closer to supply zone which price has tried to reach several times but failed,
if price reaches supply zone (red block) and appears bearish signal,
can try short position,
entry, SL, TP are given on chart
just personal opinion, not investment advice.
EURJPY - Bearish Deep GartleyTwo things can happen, we can engage that trade at the market(now) or wait for the Bearish Deep Gartley Pattern to complete.
Why Wait?
I'm not comfortable seeing RSI going higher while the chart wasn't; I take that as a warning sign(check out the yellow eclipse at the bottom of the chart).
I trade with 1 of the mindset. I would rather miss a trade than engage in a low-probability trade.
Interesting points in marketIn my opinion places that i draw on chart can be a nice opportunities for some trade setup on LTF. Hard to say market direction for now because we have a lot of upside movement recently. Supply that we actually approaching can send us at least make pullback, but if market want to go up, values where is resting liquidity, marked xxx on the chart can be nice turning points.
EURJPY - Key Resistance levelI like to make it clear over here. EURJPY on the Weekly Chart, Daily Chart and 4-hourly Chart shows a bullish trend setup. However, I'm waiting for a shorting opportunity at the retest of the key resistance level at 141.91. This analysis will stand for me if the market doesn't break and close above 142.18.
XAUUSDGold may continue to correct on Monday and Tuesday until 0.5 or 0.618 levels and give mid week reversal later.
In 1730 area lies a promising chance for this bullish trend to continue.
My overall TP is the supply zone of approx. 1795-1803. From there we will see...
Below 1700 I will revise my view.