Bulls and Bears zone for 10-27-2022S&P has rallied couple of hundred points in last few days ; therefore, yesterday's sell off could be indicative of a pullback.
Any test of yesterday's Low could provide direction for the day.
Level to watch 3853 --- 3851
Report to watch:
US: EIA Natural Gas Report
10:30 AM ET
Technical_analysis
💁♀️ ETHUSDT / 1D 💁♀️Hi
💹Currently, the price is trading in the range of $1516. We may see a correction in the supply area of $1557/$1650.
Important resistance range $1557/$1650❗
It is important to maintain the range of $1240. ‼ ❗
Important support range $1100 / $1000 / $890 ⚠️
what do you think about it? I'M glad to know your idea..😊
NQUSL - Where to next?Mapping out the next possible and probable step(s) for the indices ( in this case NQUSL )
1. Bounce/relief rally to retest the 200MA and multi-year (purple) trend-line.
Resistance holds, break-down to next support level between 2500-2400.
2. Multi-week trend-line holds as resistance, we break down to next support level between 2500-2400.
3. Bounce to retest the 200MA and multi-year (purple) trend-line.
Bounce holds, we get a 123 breakout above trendline (first multi-month higher low).
#BTC/USDT 4HR UPDATE!!Hello traders,
As BTC still managed to trade inside a rising wedge pattern between a range of $18.4k to $20.6k.
If we consider the shorter frame BTC just rejected from the upper resistance level which is mentioned in the chart and currently lists moving down again to its lower support zone of $19k, it needs to hold this level and again above otherwise break below will lead BTC again towards the lower support rage of $18.4k level.
Let’s see how the price performs in the upcoming hours.
Do your own research before any trade and hit the like button if you find this analysis helpful.
This is not financial advice.
Thank you.
#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!!!
$ETHEREUM - "Queen in Danger"Hello my fellow TraderZ,
Today we are here to discuss about the QUEEN of #Cryptocurrency - $ETH #ETHEREUM.
Can see the price is again following the SYMMETRICAL TRIANGLE Pattern and once again coming to the edge of the Pattern.
Last time on the CPI day, we had a sharp Fakeout to grab the Liquidity existing below the level of $1260.
PA is not looking so strong at the moment for $ETH. If the Triangle breaks this time confirms any 4H candle, do not hesitate to SHORT till the levels marked.
Happy Trading Fam. CHEERS!!!
$XRP - Another BULL FLAG consolidationHello my Fellow TraderZ,
$XRP has been the hottest coin in past few days both Technically & Fundamentally.
Today I'm going to cover on TA . Can see another BULLISH FLAG in making after price got rejected for the second time by $0.537 zone.
Not expecting a huge move Percentage-Wise but can Scalp here.
Enter only after candle closes above orange line.
CHEERS!!!
$ATOM - LONG or SHORT ?Hello my Fellow TraderZ,
The day before I had shared the idea of $QNT forming an ASCENDING TRIANGLE and its possible move.
Similar structure is visible on $ATOM #COSMOS on 1 HTF where price is ranging inside the ASCENDING TRIANGLE and constantly getting rejection from $13.2. Breakout Target would be around 6-11% Profit.
But also it is a bit confusing as it seems like it is also forming a Head & Shoulder pattern with the Trendline as the Neckline. Breaking of the neckline would give us the profit ~ 7-10% on Short.
As a trader our task is to trade on both the sides.
Let's see. Good Luck.
Happy Trading. CHEERS!!!
$QNT - Brewing Up for next HIGHHello my Fellow TraderZ,
On 4 HTF, $QNT #QUANT is forming an ASCENDING TRIANGLE which is bullish in nature. RSI has already broken the Trendline Resistance so waiting for the Price to do the same.
But be a bit cautious as multiple rejections near $142 is clearly showing the strength of the Sellers.
If breakout happens above $142 with strong VOLUME, go for LONG with the price target ~$160.
Trade well FAM. CHEERS!!!
ICPUSDT /1D
Currently, the price is fluctuating between 5.60 and 6.
The first support limits are $5/$5.50. Most likely, the price in these ranges will be associated with a positive reaction. If it is accompanied by a lot of selling pressure, further correction may be made. To enter, we must wait for the confirmation of the candlestick in these ranges. 💹
The important resistance range of 6.20 for a positive price trend should be above the stabilization range so that the next resistance range has a positive movement.
It is important to maintain the range of 4.64
what do you think about it? 🙂
USDT.D 4H
Dominance Tether
As you can see, it has reacted to the 7.25% support range and the 7.72% resistance range every time. It is currently in the range of 7.55%. It may move towards the range of 7.72. This issue can be a negative reaction for the cryptocurrency market. 💹
In case of exiting the box to the top and fixing the limited high of 7.72%, the possibility of growth up to the range of 7.80%/8% can be considered.❗️
It is important to maintain the range of 7.46%/7.43% to continue the trend ❗❗❗
what do you think about it?
$ATOM - Smash the NecklineHello my Fellow TraderZ,
In recent time, is there any coin which has outperformed most other top 50 coins is $ATOM #Cosmos.
Looks like it is once again ready to settle for Upward Movement.
On smaller TF, Inverse Head&Shoulder is almost ready to play out just waiting to break the neckline and retest it to BOOM.
Target is set for ~10% .
CHEERS!!!
$MATIC - BULLISH but CautiousHello my Fellow TraderZ,
#POLYGON ($MATIC) is going inside the Descending Channel Pattern and again got rejected by the Upper Trendline.
The recent upward movement was also supported by the RSI momentum which clearly was showing Bullish Divergence.
Now I see on 4 HTF price going to come and retest the MA50/200 at the least.
Also on 1 HTF, it is clearly visible that Price was maoving inside the Ascening Triangle and broke the Triangle beautifully and again coming to retest. Here my projection for the coming hours/days where we could go to the $0.9
Happy Trading Fam. CHEERS!!!
💲USD / CAD, Continuation of the uptrend, price accumulation💲USD / CAD, Continuation of the uptrend, price accumulation before the move.
In the current analysis, we look at USD / CAD.
We are currently at key levels, the price area around 1.36 1.38 is a moment of accumulation for this pair, which has been going on since September 26.
Today the level of 1.364 was defended, which gave us the confirmation of the Head and Shoulders Pattern. Considering that we are in a long-term upward trend, and the dollar continues to dominate other currencies in terms of strength, which is due to the flight of capital from Europe to America due to geopolitical tensions.
An interesting opportunity has arisen and it would be worth taking advantage of.
It is also worth mentioning the event that took place today and was the most important event today, i.e. the Core PCE Price Index (MoM) (Aug), which surprised the market consensus by beating expectations and amounting to 0.6% compared to the previous month in which was 0.1%.
$QNT - Inverse Head & Shoulder on the ChartHello my Fellow TraderZ,
In my analysis of $UNI/Usdt pair, I mentioned abou the $QNT as both are almost following the same pattern.
But here $QNT has already broken the neckline and I'm looking for the retest for making any fresh entries.
If the retest gets succesful, we will see the price climbing $206 mark within no time, else will see back to $70-87 range to test.
Happy Trading Fam. CHEERS!!!
$SNX - On the Bullish EdgeHello my Fellow TraderZ,
$SNX is coming to the Edge of the FALLING WEDGE Pattern.
We can easily see the Bullish divergence spotted on 4 HTF RSI.
We need to wait for the Pattern Breakout an the crossing of the EMA55 with decent volume.
Good to trade with minimun 10% - 25% TP.
Trae well my Fam. CHEERS!!!
Bulls and Bears zone for 09-28-2022Overnight session, market has been trading in a range, perhaps sellers are aggressive.
Any test of yesterday's Fibonacci 50% range could provide direction for the day.
Level to watch 3684 ---- 3682
Reports to watch :
US:Pending Home Sales Index
10:00 AM ET
US:Jerome Powell Speaks
10:15 AM ET
US:EIA Petroleum Status Report
10:30 AM ET