Canara Bank Again a Nice BreakoutCanara Bank touched a convergence of a support and a rising trendline, a reversal done, and a breakout above the short-term falling trendline, but today it failed to cross the previous high, and following the resistance, it cooled off a bit. But looking at the candles of the last Days, we may expect it to breakout and move higher. My Expectations for Targets 416 and 466 in the Coming Months
Supprt
APEUSDT Channel Low| Daily Resistance| Liquidity| Single PrintEvening Traders,
Today’s analysis – APEUSDT- trading away from its Channel High, losing support will lead to a deeper pullback,
Points to consider,
- Price Action Impulsive
- Channel Low Support
- Naked Single Print
- Lower Resting Liquidity
- Market High Low
APEUSDT’s immediate price action is trading towards an area of support that is in technical confluence with the Channel Low, Single Print, and a Liquidity Points, allowing for a bullish bias.
The immediate objective is the channel high, this will become more probable as resistances get breached on the way up.
Overall, APEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps, thank you for following my work
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Adding A New Pair To Our Watchlist: EURCHF Hey Everyone, Dean here, so while doing the midweek market review with my students, we came across the EURCHF. Now considering the overall structure of this pair it does offer some interesting reasons to get long, and if you want to know what those reason are, simply takes some time to watch our review of this pair and why we suspect a possible bull run is on the cards and when the ideal time to get in will be.
AMZN - another heavy weight disappointsAMZN has now joined several other FAANG stocks in missing earning expectations, adding salt to the wound is that it has also given a weaker outlook for the next quarter. When more and more heavy weights start to roll over, then it is likely that Nasdaq will not bottom out so soon.
Medium outlook is bearish with possible next zone of supports between 2030-2180 (zoom out to weekly chart to find these supports). Short term rebound is possible but could face resistance around 2700-2800 (former support now turned resistance).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
BTC/USDTFirst went long at $39.600, then bought some more at $41.180 (kinda nailed the retracement). Current average price is §40.390, so were in small profit at this point, around 3.3%. As long as we can stay above the diagonal support trendline oft he ascending triangle I am bullish on BTC. It looks to me as if we have gained supprt at the trendline together with the fibonacci golden pocket. As long as we can stay above the trendline I will continue to DCA into bitcoin and possibly some Altcoins.
If we brake the triangle to the upside I expect price targets at around $52.000 up to $56.000, that is also the prince range where I would start to sell my positions. This would also be de 0.618 retracement of the 1D downtrend from $69.000 to $32.000 and the 0.782 fibonacci speed fan. Remember though, I am a beginning analyst and I am never a 100% sure, but the way I understood the concept of Speed Fans according to John J. Murphy, the break of the second Speed Line ( 0,618 - 0,666 in my case ) would be a massive bullish sign since it indicates a confirmation of a trend reversal.
I wil keep this one updated since it it leading to me. I will use the data of this chart to determine whether it is a good time to buy some altcoins.
Feel free to give feedback!
Feel free to shill the next 100x to me!
PS: I still have room for 1 or 2 altcoins during booming season, so feel free to share some good projects. I will share 10% profit with you if it plays out.
ADA/USDTADA/USDT pair seems to be in a Falling Wedge to me, if the current supprt level at around $0.89 breaks I expect the price to go to the lower trendline again. Target at around $0.72 - $0.75 seems realistic to me, IF this scenario plays out. The other scenario I would look at is gaining supprt at the current level and wait for a high Volume breakout confirmation to the upside before entering a long position.
Feel free to give feedback!
ETHEREUM close to channel resistance 🚀💣As I mentioned in my previous analysis ✔️
the price has started to gain from the black trend line ✔️
and then
breaks the red trend line ✔️
and now
become close to important channel resistance, but this time we expect that the price will break the channel resistance to the upside, and we can see more gain for Ethereum 🚀💣
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
CADJPY - SETUPCADJPY price is hovering around a good resistance area and looking weak at the time of writing, if bears regain their control there will be a downward surge up to trendline support and if the momentum is carried out we could see a drop towards 89.00 level. So selling on strength will be a good strategy.
NZDCHF Weekly S/R| Price Action| .618 Fibonacci| Trend Evening Traders,
Today’s analysis – NZDCHF – trading towards a key level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Weekly S/R Support
- .618 Fibonacci Confluence
- RSI Extended
- Swing High Objective
NZDCHF’s immediate price action is trading towards a key trade location that has technical confluence with the Daily S/R and the .618 Fibonacci, allowing for a bullish bias.
The current swing high is the objective, exceeding this level will lead to a trend continuation.
The swing high is the objective, exceeding this level will lead to a trend reversal.
Overall, in my opinion, NZDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
HCMC: The Start of Some MovementWith the lawsuit coming up, HCMC has risen to higher levels in anticipation of a successful court date.
The current volume and popularity this penny stock is receiving lately are undoubtedly impressive. Future improvements this company can make with more money are immense.
Based on general price predictions of TA and the alarming amount of exposure this penny stock is receiving, some room for growth is highly probable.
Yahoo Finance predicts the price per share will increase drastically along with many other 1-year estimate sites. This is definitely a long hold but more specifically, a good time to join now because the price is still less than half a cent. It is not too far-fetched to believe that this could exceed 1 cent after winning the lawsuit. Besides that, the CEO has purchased over 1 billion shares in anticipation of this market mover. Today was the first day of some upside and I would say it is starting to look pretty bullish yet again.
If the second resistance level is broke tomorrow then there is potential for a lot of upside.
Current Supports and Resistance Levels:
R3: 0.0047
R2: 0.0044
R1: 0.0041
PP: 0.0038
S1: 0.0035
S2: 0.0032
S3: 0.0029
EURAUD Daily S/R| 200 MA| Swing High| Declining Volume Evening Traders,
Today’s Second Analysis – EURUAD- impulse sell into a high timeframe structure, finding support here is probable.
Points to consider,
- Impulse Price Action
- Daily S/R Support
- .382 Fibonacci Resistance
- Oscillators Extended
- Declining Volume
EURAUD’s immediate price action is impulsive, oversold conditions are likely to lead to an oversold bounce.
The Daily S/R is a key area in confluence with the 200 MA and the .618 Fibonacci, a respect upon first attempt here is highly probable.
The .382 Fibonacci is likely to be back tested as this level coincides with the Local S/R and 21 MA.
Both oscillators are getting overextended, this is indicative of an oversold bounce being probable. A volume influx is likely to coincide as the current volume profile is declining.
Overall, in my opinion, EURAUD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee
SPY 1-2-3 Pattern, AlphaOverBeta Technical AnalysisHello traders,
SPY Had just completed a 1-2-3 pattern confirming the 265 as the short term top.
Our technical analysis models predict a downtern next week re-testing the 220 lows,
There is mote than 50% that the low of the 220 will break marking the 200 as the next level to watch.
breaking the 220 level will trigger a strong short trigger for SPY and other weak stocks on AlphaOverBeta short watchlist available for our subscribers
Trade Smartly,
Alon, AlphaOverBeta
BTCUSD OVER 10K! Parabola | Blow of top?| .618 Fibonacci!Hello Traders!
Today’s chart update will be on BTCUSD where we have a parabola forming, closing on a key Fibonacci retracement level indicating a probable blow of top.
Points to consider,
- Trend broke key resistance - .382 Fibonacci
- Structural resistance in confluence with .618 Fibonacci
- Strong support from 20 week MA
- RSI entering overbought
- Stochastics in upper regions
BTC managed to break key resistance with a valid retest confirming the S/R flip on the .382 Fibonacci level before taking of further. The structural resistance can be the potential target for the parabola as this level is in confluence with the .618 Fibonacci.
The RSI has broken key resistance and now has entered overbought conditions on the daily timeframe. The Stochastics is currently in the upper regions, it can stay trading here for an extended period of time, however lots of stored momentum to the downside.
The 20 week Moving Average as a very good visual guide as it has held significance as support since bitcoins initial bull move, a break will essentially indicate a probable reversal.
Overall, in my opinion, BTCUSD is in the latter part of the parabola, its apex ends exactly at the .618 Fibonacci where the potential reversal may occur. The 20 week MA is a strong indication of the current direction of this trend, a break of this will greatly increase the probability of a correction, which is imminent at some point.
What are your thoughts?
Please leave a like and comment,
And remember,
“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee