AAVEUSDT Local S/R| Inv. H&S| Swing High| Price Action Evening Traders,
Today’s analysis – AAVEUSDT- trading above Local S/R where a back test is probable, establishing a likely inverse head and shoulders,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
- Neckline Support
- Oscillator Bullish Control Zone
- Volume Influx
AAVEUSDT’s immediate price action is bullish above Local S/R allowing us to have a bullish bias on the market.
The Local S/R is immediate support that is in confluence with the .618 Fibonacci, holding this area is critical to confirm an S/R Flip retest.
The Neckline Resistance is immediate target of the inverse head and shoulders pattern, price action breaking above this level is deemed bullish with extended targets.
RSI is currently trading in its respective bullish control zone, maintaining this level is critical for strength in the market.
There are valid volume influxes that need to be sustained for uptrend continuation, failure is a bear sign.
Overall, in my opinion, AAVEUSDT 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,
Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
Targets
TSLA: Reacting near a support level!Hello traders and investors! Let’s see how Tesla is doing today! It did a pretty scary movement yesterday, right? Let’s talk about it.
Well, Tesla still didn’t lose the support level at $ 406 (blue line), and as we’ve been discussing for the past few days, it is the most important point for Tesla right now.
Today we have a nice reaction, but we still must be aware of the purple trendline, because if Tesla fails in defeating it again, we may have a H&S chart pattern , and this could be what the bears need to defeat the $ 406. Only if Tesla defeats this trendline the bearish momentum will get weaker, but it won’t be a reversal sign yet.
The next challenge for Tesla is the $ 425 (green line). Above this point the bulls will be on charge again, and the previous resistances will work as targets, like the $ 442.50 and $ 461.88.
Let’s see the daily chart:
This is a boring congestion, and there’s not much to tell. Today the stock is reacting in a support zone , which is good, but we have no clear trend.
Right now, Tesla is in the middle between the All Time High and the support at $ 359. Also, we must keep an eye on the volume, as it must increase to confirm the next big movement.
This was our daily update on Tesla, and if you liked it, please, support this idea! And follow me to keep in touch with my daily updates on Tesla and other stocks!
Trade well.
TSLA: The most relevant points for the short-term!Hello traders and investors! Let’s see what Tesla is doing today!
We are above a quite important support at $ 406, which is the most important point for Tesla in the short-term , in my view. So far, the stock is resisting, but we are still in a Trap Zone , between support and resistances.
Yesterday, Tesla failed in defeating the purple trendline , along with the $ 425, and this was enough to frustrate the bulls. But if Tesla reacts, and manages to defeat its resistances, the $ 442 would be the first target to aim.
On the other hand, if it loses the $ 406, it’ll seek lower supports. The thin blue lines are micro support levels, and I’m sure about how relevant they are, so I would use the daily chart for more clues:
Again, since there are no relevant supports, the $ 359 is still here, and it would be a target if Tesla drops . The stock is still inside a congestion, and there are no amazing signals around here.
The volume c an’t stop dropping, but the stock is not as vulnerable as we think it would be. While the indices are all losing supports, TSLA is still resisting very well.
Let’s continue monitoring the $ 406, and the resistances above $ 425, as they are the most important points for Tesla right now. And if this analysis helped you, please, support it ! And follow me to keep in touch with my daily updates on Tesla and other stocks!
Stay safe!
Still Alert on Ethereum: A big suprise movement!!!Ethereum is turn bullish. So, I put a buy order limit at $372 USD because in H4 is turning to go to bullish soon!!! The $372 USD is my perfect buy order limit that I put or Ethereum!!!
So, the key is in Daily timeframe that Ethereum is turn bullish, look below:
In Daily I put these 3 targets that we could to reach in Ethereum!!!
Target # 1: $391 USD
Target # 2: $445 USD
T arget # 3: $484 USD
Now, the target #3 we could to get a surprise i Ethereum reach the $484 USD!!! That I explain in the draw that we have a surprise box, that it's a good profit and good earnings in Ethereum111
Ethereum is hot!!!
Good luck!!!
CLX - My Squeaky Clean, TWO PART PlanThe plan details are on the chart. Short term, if CLX visits the 208 level and makes a double bottom on a smaller timeframe I will look to go long with a tight stop at 202. If 202 breaks, the bottom of a horizontal channel is at 194 which is where I would look t reload due to fib support and the 200 day moving average. The targes for longs of the first trade are on the chart. I will be looking to play this with options. If you want access to my options strategy, please DM me :)
I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation! DM me to get these charts and my ideas before anyone else!
EURUSD AB=CD / WXY(ABC) Revised Price TargetsEURUSD
I've revised previous EURUSD chart, linked to as related idea...
Revised Target Projections:
AB=CD Pattern 1.618 Extension =
$1.16507
ABC Wave of "Y" Extension = Yellow Dotted Fibs
100%: $1.1708
123.6%: $1.16701
138.2%: $1.16462
161.8%: $1.16077
WXY "Y" Wave Extension = Pale Blue Dotted Fibs
78.6%: $1.16978 (Target Hit Today Sep.22,2020)
100%: $1.16426
123.6%: $1.15817
138.2%: $1.15441
BTCUSD Long Term Chart Patterns WXY Correction TargetsBITSTAMP:BTCUSD
In this video I look at chart pattern possibilities, including the text book break down from the recent Inverse H&S Pattern reaching its target to the tick! This target hit the ATH 50% Fib., to the tick practically!
Also, I highlight the potential Inverse Cup & Handle Pattern I'm seeing develop. As of this report $BTC has retraced 50% from swing high($12,473) to the local swing low($9,825.xx). Should BTCUSD retrace past this 50% level(higher), then Inverse Cup & Handle pattern should be considered invalid technically. Anything greater than 50% retrace on handle should nullify this pattern, Inverse or not.
If Cup and Handle plays out, a target of roughly $7,500 is considered! This puts BTC price close to 61.8% retracement($7,143.99) of March-August Rally.
I propose a WXY correction to achieve these targets!
WXY Fibonacci Extension Targets for "Y" Of course this is purely hypothetically speaking should the "X" pivot hold as I report this. It's entirely possible that price can briefly pierce higher, thus slightly altering the fib. levels, in which case I'll update as necessary....
61.8%: $9,546.59
78.6%: $9,101.74
100%: $8,535.08
123.6%: $7,910.17
138.2%: $7,523.57
161.8%: $6,898.66 (Y wave should not exceed the 161.8% extension) I interpret this as that the Y wave can in fact extend up to this level, though, should be considered suspect as it approaches and eventually surpasses the mark!
In addition to the potential Cup & Handle, should that develop, there would be/ is nonetheless, an Inverse Head & Shoulder Pattern possibly developing as documented in the video analysis!
I'd love to get your feedback! Also, please leave a like and feel free to follow, as I will be offering more chart analysis, focusing predominantly on Bitcoin and Cryptocurrencies. Occasionally DXY and EURUSD too!
Check out TheFreeCryptoPress.Com!
At TheFreeCryptoPress.Com BITSTAMP:BTCUSD There's a Code for 20% Off Top CBD Products at JustJaneCBD Boutique Online! Look for the code on the site if you wish.
GBPJPY lining up nicely a decent RRR shortThis setup is looking very nice moving into next week. The week view rejected our upper T/L, we also have a potential triangle forming (upper level is marked, lower level sits nicely on our first target) If this triangle does form and come into play then its relatively unlikely we will see the second target on the first push to the downside.
We have clean divergence across the Histo throughout the lifespan of our channel, giving a clear indication of price manipulation. i will not just short this pair based on strong bearish momentum. I am either looking for a pullback to the highlighted area, or I am looking for another push down, followed by a continuation in an LTF that may present our entry. Targets are FIB EXT targets based on the channel parameters.
SPX: What to expect next?Hello traders and investors! Will SPX resume its bull trend? Let’s see about it.
First, the trend is bullish in the short-term, and as long SPX keeps above the 21 ema and the purple trendline , it will remain bullish. Only if it loses one of these 2 points, we will see the trend getting weaker.
Also, keep in mind the black line around 3424, which is an important resistance, as it is the same point SPX did a top recently, after it filled the blue gap . If this black line will be defeated, the next targets are the green lines.
If the purple trendline will be lost, along with the 21 ema, the next target would be the red line, and the yellow gap down there would help to drag the index down.
Either way, the recent movement could be seen as an Ascending Triangle chart pattern.
Now, let’s see the daily chart:
While the short-term is still bullish, the daily chart is not so much. SPX is still struggling a lot to defeat the 21 ema, which is flat .
If the hourly chart turns bearish by losing the points mentioned above, the daily chart suggests that a sharper pullback is possible, because SPX can trigger a pivot point (yellow line), and its target would be at least the 3280 (red line).
These are the most important points for SPX right now, and if you liked this analysis, please, support it! And you are invited to follow me to keep in touch with my daily analysis. I’m sure you’ll find something interesting around here.
Stay safe.
BTC breakout or breakdown? these on the charts are weekly camarilla pivots. the blue numbers are upside and downside targets.
the upside. 2nd target would fall in line with a 3rd test of major trendline and may be the call to a larger dump if failed. or larger breakout.
the downside. falls in line with linear regression and current local downtrend as well as a minor CME gap.
H4 and L4 are breaking levels.
BTC hits support of $10,488 early. Will now continue up.BTC hit bottom of channel at 10,488 which provided great support. Looks to continue upwards now to previous targets of 12,927 and 17,146 via the slower moving upward trending GREEN CHANNEL
Because this occurred more rapidly than expected, I the probability of hitting my earlier predicted BUY TARGET of $9,800 becomes less likely. I chose to buy here instead.
Best of luck traders!!!
BTC will continue uptrend upon support. Target 12,927 - 17,146!Greetings dear traders,
Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel.
As you can see from the chart, we should find support soon (maybe by the end of the week).
Good luck traders! Many blessings to you all.
AUD/JPY: BOOM Hit All Targets In One Day Only +110 Pips CongratsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions