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Technical-analysis

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
USD/CAD Weekly Timeframe AnalysisUpdate:- As per longer time frame this pair has rejected upper 1D trendline and going to retest its support trendline anytime soon. It can hit 1.238, some weeks ago this pair also bounces from its weekly support which means that it is still strong for longer timeframe. Keep watching candles once the price hit bottom support then you can take long trade as per your risk management and hold till it hits 50% ratio, 61.8% golden ratio or upper resistance level of trendline.
by SaadJ12
CHF JPY TECH TECHIt is the most interesting situation for me this week on market. We got strange moves here and this is my technical analysis. H2 Chart the price is in trouble strong resistance and its looks like this resistance are very strong. Also, the price is now in an upward channel weekly but it looks like to check the lower level of this channel maybe. This Downside Line in the third one is pretty important!! The conclusion is it is a good time to Sell but not the BEST. :) My prediction is Short until the price of 124.447 It is a total of 90 Pips from this point now. What do you think? Have any idea? FxCROWN
Short
by fxCROWN
2
XRP - Heading back to $1?XRP Daily Time frame We have seen XRP make an impulse / correction / impulse to the down side finding support at the 70cent where we have monthly structure. Price has rejected this structure level twice and price has now broken out of the counter trend line. You can see after the first rejection of the monthly structure level price made an impulsive move to the upside but failed to break past the $1 region. After rejecting $1 price fell back down to the monthly structure creating an arguable double bottom but what we should focus on is how price moved down in a corrective manner giving indiction that the selling pressure is slowing down and that we could expect another impulsive move to the upside. Now that price has broken the daily counter trend line i will be looking on the lower timeframes for entries to go long (H4 & H1) with the first target being $1 where i will take partial profits or close the whole position depending on what price action develops.
BITSTAMP:XRPUSD
by UnknownUnicorn26193975
$UVXY meltdown preparation *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Some of you may have already noticed, but my team has taken this very bullish market day as an opportunity to close out the majority of our trades that trade with the $SPY. Our bullish stance on most of these companies still stand, but we just don't see any opportunities where we can capitalize and make a profit from them in the near-term. My team isn't against trading with the retail crowd, but we do not plan to rush to our deaths. Instead we will be investing our funds into a $SPY inverse ETF. Lucky for us this ETF is down -17% today because futures jumped so high today. This is simply our opinion. Feel free to hold on to your positions, you will be rewarded in the long-term. My team just expects further discounts on these companies in the next couple months. Closed Trades: $TLRY $CHPT $GORO $PINS $MU $BABA $FB $KOS $CLF $GE $SNE $TARA $LODE $MIRM $CINR Our Entry: $17 Take Profit: $28 If you want to see more, please like and follow us @SimplyShowMeTheMoney
CBOE:UVXYLong
by SimplyShowMeTheMoney
27
Sol Touch the Strong Resistance and Now It's BullishThe Back Ground Sol Start a new bullish tend every time we see RSI in oversold region and every time it was so quick to gain the new high, while on the other side the preciously established 50% fibo retracement level is in play. Point: RSI is is recovering from oversold zone, price already retrace above to previous day close, last day candle is a rejection signal with decent volume which will be confirmed with today close. It also lose 50% from its all time high which is a opportunity for byers. Pay Attention to Today Close and Rejection Confirmation It is better to plan your trade above test confirmation candle and ride that trade till ATH , and you may enjoy TP1 at psychological level of 200. Use a wise stop loss below 115 as in a quick move I am still expecting the deep pockets may move it down to liquidate the leveraged positions. 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