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#CARDANO $ADA - In the SPACE Hello my Fellow TraderZ, Hope you guys are doing well in the Chippi-Choppy Market. The most important points to be noted in such Corrective Market or BEAR Market are 1. Save the Capital (always think 2x/3x before putting the Money). 2. Build the Capital (Trade small or consolidation ranges). 3. Deploy the Capital (Have patience and see the reversal structure of the Market). Anyways, so today we have $ADA here. After being in the same zone since JUNE 2022, finally #CARDANO breaking the very very critical SUPPORT it has been ranging for a while. That means it is in the no land zone and a freeway to the below marked levels. Also do not open any new SHORT position as this could be the DEVIATION as well and price would take off further which is quite less likely. Wait for the retest & Rejection from the SUPPORT level and get into the Ride. Happy Trading. CHEERS!!!
Short
by TRADER-GOKU
3
Lesson 2: Support & Resistance ZonesSupport an resistance zones are critical in the market. These are the juicy spots from which market-makers get to feed themselves immensely. Many traders get trapped in these zones. Buyers are trapped when the market-maker's intention is to SELL and sellers are trapped when the intention is to BUY. It very important for ordinary retail traders like you and I to be able to play the game the market-makers plays at SUPPORT AND RESISTANCE levels. This is how one can truly profit from the market. There's a lot of price manipulation going on at the S&R levels. Market-makers are also in this business to make money. Unfortunately it is the retail trader who fattens their pockets. The good news is that this can be avoided through PATIENCE, PROPER RISK MANAGEMENT ANN HIGH LEVEL OF TRADING PSYCHOLOGY. Things to avoid doing at SUPPORT & RESISTANCE levels: 1. Trading BREAK-OUTS instantly (a sure way to be caught in the opposite side) 2. Placing STOP LOSSES right on the zone (whipsaws will destroy you) -------------------------------------------------------------------------------------------------------------------------------------- I hope this bit of education will help you trade carefully at critical SUPPORT AND RESISTANCE ZONES. HAPPY TRADING!!
TVC:USOILEducation
by SMCSmartSniper1
EUR/USD Order Block SetupToday I am trading a possible Order block setup on EUR/USD in the 4-Hour time frame. Looking left, we can see that we had 4 wicks touching the previous support level. We then had a candle push through and close below that level. This setup is very similar to yesterday's post on AUD/USD. The same rules for the position have been met. I looked for the most recent bullish candle before the bearish impulse sending the price below this support level. I highlighted this candle from bottom wick to top wick and extended it right. This yellow zone is called the Order block zone. We can also abbreviate it and call it the OB zone. I am now waiting for the price to retrace back into this yellow OB zone before opening up my short position targeting the previous price structure around the 0.997 price position. EUR/USD is still bearish in my opinion. This means I am still looking for short entries. Depending on where we place our entry will impact our possible risk to reward. Some traders place their entry at the very bottom of the OB zone. Some traders use the very top point of the OB zone. I prefer to place my entry somewhere in the middle of the OB zone. My stop loss will be a couple of pips above that previous large wick. I use this area just so I can protect myself from any possible stop hunts. My risk to reward will be 1 / 2 Order blocks need copious amounts of backtesting. There are so many ways of trading them. Some traders will spot them in higher time frames and then use lower time frames to enter them. I am a swing trader and only have time to enter on the 4-hour chart. This is why I trade them as I do. Use volume to help confirm price movement and always remember to trade with the current trend. Trading against the trend is more tricky and can be hazardous to your trading account. Remember to be mindful whilst trading. See you on the next one. The Vortex Trader
Short
by TheVortexTrader
2
GBPJPY Technical Analysis GBPJPY Technical Analysis 22.07.2022 1h chart – Previous Daily candle closed Bearish at 164.760 filling the previous Daily bottom wick. – Buys on close above 165.200 targeting Weekly / 4h Strong Resistance at 165.850 leaving Runners to Daily / 1h Strong Resistance at 166.140. – Sells on close below 164.550 targeting 4h Strong Support at 164.170 leaving Runners to Weekly / 4h Support at 163.620. – Retail Sales m/m Data forecasted -0.2% / Previous: -0.5% data to be released 1h before London Open followed by Flash Manufacturing PMI and Flash Services PMI 1h30min after London Open. – So far the current trading week has been holding Resistance around 166 on the Daily timeframe respecting the Strong Weekly + Daily Resistance that was formed on the last trading days of June.
by mrromeojee
SANDUSDT needs to hold the supportthe price had a rejection from the weekly resistance from 1.30$ area as I told you in my previous analysis. Now the price is testing the 0.382 Fibonacci level as new support. We could see a local bounce from it, but IF the price is going to lose the current support we could see 1$ again. How to approach it? IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
ALPHAUSDT is testing the supportThe price bounced new the weekly support on 0.09 as I told you in my previous analysis. After the bounce the price tested the daily resistance on 0.5 Fibonacci resistance as I told you in my previous Long idea. At the moment the price is creating an ascending channel and it's testing the 0.382 Fibonacci level on 4h Timeframe How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
ADAUSDT it testing the supportThe price had a breakout from the rising wedge as I told you during the last idea (clear 9$). Now the price is testing the dynamic support above 0.44$ How to approach it? IF the price is going to have a breakout from the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
BNBUSDT is testing the supportThe price got a rejection from the 0.786 Fibonacci level after a bounce from the daily support at 190$. The price is testing the 4h support on 210$ How to approach it? IF the price is going to have a breakdown from the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
BNBUSDT is testing the daily supportAfter the bearish move as I told you on my previous idea, the price is testing the daily support on 210$. The market is creating a bottom on it and after the first rejection, the price is going to retest again the 4h resistance. How to approach it? The price needs to create a new bullish impulse and flip the current resistance into new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
29
AAVEUSDT is testing the support The price is testing the monthly support on 110 $ level, it's a key level. On the daily timeframe the price got a rejection from the 0.618 Fibonacci level, it's a key level for the market and now the price is testing the previous support. How to approach? IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
AMZN: ON THE DIVING BOARD.AMZN is currently sitting on a major historical support between 2020 and 2080. I believe it has never been so oversold. It does't mean it cannot go lower. So, will it dive? One thing is for sure, tech and growth are not in favour. You have 3 options here: 1. You think the support holds. Go long. The coming stock split could boost the price. 2. You believe the market keeps on selling. Short it if it breaks the support. 3. Wait for lower levels (1683, 1593, 1346) to go long. Pick your winner. Trade safe!
NASDAQ:AMZN
by Elpidaldo
XMRUSDT needs to hold the dynamic support! the price tested again the 0.786 Fibonacci level on the monthly timeframe and have a breakout from the descending channel on the weekly timeframe. As you can see the price has a confluence on 227$. On the 4h timeframe the price created a descending channel had a breakout but without momentum. So How we can approach it? If the price is going to loose the support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
XShort
by InkyGrip
ZILUSDT wants to retest the monthlty support?The price is testing the weekly resistance after a bounce on the monthly support on 0.34% Due the news the price had a bullish impulse. on the daily timeframe the price lost the previous support as new resistance and now the price is testing it. on the 4h timeframe, the price is testing the daily and 4h support. How we can approach it? The price could have a new rejection from the daily resistance and retest the previous monthly support where the reaction began. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
8
LINK at Crucial Support. What to do!LINK broke $10 important support in relatively high volume. Entire crypto market is in panic, a beautiful indication that we are approaching the bottom. • To begin the uptrend LINK needs to regain, in a short period of time, $10 level. • I don’t suggest to short LINK now, cause it’s already near to a bottom. It’s wise to wait for a break and test $7.50 as resistance before taking a short. • You can add some LINK in your HODL portfolio at $7.50 only if you are intent on holding them, even if it goes below $4.90. Stay out of leveraged trading, market is too risky and volatile. Thanks for reading this! Remember investing is a probability game. Not a financial advice. Always do your own research. Follow for more reports & press the like button if you like this.
KRAKEN:LINKUSD
by Rhaonnor