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Technical-analysis

GBP/JPY - ANALYSIS - @TradersLounge.USHello everyone!! Here's my analysis for GJ!! - Price is still moving in a bullish trend above the 50MA on the 4HR. - I am seeing price currently in a supply zone on the 1D. *Going into next week what I'll be looking for is to see if price will still hold the trend line on the 4H. I'll be looking for buys mainly since we're riding the trend line above the 50MA. - If price breaks below trend line and 50MA, I'll be on the lookout for sells. Let me know what you think! #HappyTrading Miajah Lead Trader @ Trader's Lounge
by miajahmarable
BNB Entered Into Its Buying Zone (A Good Buying Opportunity)The Back Ground and Psychological Support Zone BNB broke its psychological resistance level of 140$ on Feb 17, 21, and after that, in the next few days, we witnessed the biggest move, which was backed by the biggest volume that BB ever witnessed in a day. It was the day of Feb 19, 21. The candle started from 193$ and made a high of 353 which was the biggest move; the volume traded on that day was maximum, the market never witnessed that volume after that day. That candle provides two strong levels, both on the support side now. Price remained hesitant to establish inside the first zone and was rejected two times. Point: Historically seeing the support zone is well established. A good demand lies in this support zone. RSI is trending lower from Nov 21, 2021, and has visited the oversold zone two times, currently witnessing divergence. Finally, it lost 50% from its high 667 and now facing strong support. Pay Attention Keep a close eye on the BTC level of $30K (which is the only threat for this trading idea); there are fewer chances that BTC will break below this level, but if it wisely broke this support zone, then this BNB Trading Idea will become invalid. So observe price action in the support zone keenly, and on a rejection, get in and hold it for the next two quarters or the first TP $600. Risk / Reward and Holding Period Any move below 320$ will be short-lived; the price will retract quickly above 320$, While on the flip side, Instead of Stop Loss, I recommend DCA at $220. TP1 is 600$ (Achievable till Jun 30 2022) while TP2 is 1000$ (For 2022) It is not financial advice; always do your research. Please, feel free to ask your question; write it in the comments below, and I will answer.
Long
by Booming-Crypto-Ideas
Bitcoin Technical Analysis After a massive selloff in crypto market, Bitcoin has lost around 22% of its value in this week and has broken two important support levels (40K and 37-38K) and now trading at a local support near 35K. Bitcoin needs to hold 35K support line, otherwise further dump can push Bitcoin down toward the major support area (around 30-31K) for now. The bulls trying to push Bitcoin upside toward 37500 (as indicated by the first target line on the chart). If bulls can successfully break that resistance line, they can then try to achieve the second target which is to reach the major resistance area (around 40K - 40500) which was a major support area before the massive sell-offs which then became a major resistance area for now. The global political and financial crises will have a major impact on the Bitcoin price movement. Especially the political escalation between Russia and United States over Ukraine as well as the possibility of US FED interest increase.
by jaffcoins
1
Bitcoin Technical Analysis After a massive selloff in crypto market, Bitcoin has lost around 22% of its value and has broken two important support levels (40K and 37-38K) and now trading at a local support near 35K. Bitcoin needs to hold 35K support line, otherwise further dump can push Bitcoin down toward the major support area (around 30-31K) for now. The bulls trying to push Bitcoin upside toward 37500 (as indicated by the first target line on the chart). If bulls can successfully break that resistance line, they can then try to achieve the second target which is to reach the major resistance area (around 40K - 40500) which was a major support area before the massive sell-offs which then became a major resistance area for now. The global political and financial crises will have a major impact on the Bitcoin price movement. Especially the political escalation between Russia and United States over Ukraine as well as the possibility of US FED interest increase.
by jaffcoins
Bitcoin Technical Analysis After a massive selloff in crypto market, Bitcoin has lost around 22% of its value and has broken two important support levels (40K and 37-38K) and now trading at a local support near 35K. Bitcoin needs to hold 35K support line, otherwise further dump can push Bitcoin down toward the major support area (around 30-31K) for now. The bulls trying to push Bitcoin upside toward 37500 (as indicated by the first target line on the chart). If bulls can successfully break that line, they can then try to achieve the second target which is to reach the major resistance area (around 40K - 40500) which was a major support area before the massive sell-offs which then became a major resistance area for now. The global political and financial crises will have a major impact on the Bitcoin price movement. Especially the political escalation between Russia and United States over Ukraine as well as the possibility of US FED interest increase.
by jaffcoins