Exciting Potential for WLDBTC! Demand Zone Formation: WLDBTC has formed a robust demand zone around 4653 sats, signaling a powerful support level.
Wedge Pattern Breakout: Recent price action confirms a wedge pattern breakout, and now, a significant corrective move down is taking place.
A Buyer's Paradise: This price correction presents an enticing opportunity for buyers. The risk/reward ratio is remarkably favorable.
Anticipated Upside: Our expectation is that the price will initiate an upward trajectory from its current level. Two significant upside targets are identified:
78.6% Fibonacci Resistance: Here, we may consider securing partial profits.
8113 Sats Level: If the first barrier is surmounted, the next destination is the 8113 sats level, offering the potential for a remarkable 73% growth against Bitcoin.
Detailed Trade Setups: For comprehensive trade setups on WLDBTC and WLDBTC, please visit our channel. We're quite excited about this particular opportunity.
Trade
USD/JPY Short, AUD/NZD Short and USD/CHF ShortUSD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD Short
• If price pushes up to and ideally just above our area of value and it does so structurally, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
POSSIBLE SELL ON GBPUSDHi guys so for this one, Daily and Weekly Price action suggests strong bearish sentiment with targets indicated.
We hope to see a 15min TF Break of Structure to the down side after a Test of any of the zones indicated. This setup provides an excellent R:R
Goodluck this week fellow travelers
Potential Short on RELX
RELX is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend or pullback to supply zone for entry, stoploss at last swing high with target at bottom of wedge also could be a bigger move if breaks down out of wedge so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
Are The Bulls Ready to Come In, Or Is This Another Fake Out?On this pair, we see that the market is on bullish swings on both the 1 hour and 4 hour charts. Price is currently testing the large 4-hour zone and looks like it is beginning to slow down on the bearish dive. Below the current zone is a refined 1-hour zone.
From my experience in the market over the years, I have come to the conclusion that there is a strong likelihood that the market will dip to the refined 1-hour zone and look to reverse from there. That would mean the current top zone reversal would be breached.
If that is the case, then we would be looking to buy in the refined 1-hour zone.
On the other hand, in the event that the market reverses at its current top zone, we will create a trade plan around that move and look to trade in the direction of the market.
When jumping on this trade, our target would be the 4-hour liquidity target above.
USD/CHF ShortUSD/CHF Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GROV QUICK TRADE CHART IDEA squeeze stocks move fast.
this is a quick chart, didn't have time to make it super amazing.
But it's worth eyeballing this trade
40% down takes us right to two major support lines, which leads to a major buy signal. This takes us to around 2.80 until the next rejection occurs. That's a big percentage movement of like 100% to 162% depending on where you buy and sell exactly.
These moves are projected to be quick moves. NEXT WEEK needs to close over 1.81 and so does this week. However, this means you could easily see a crazy movement in AH, which would mean, Monday can open lower and take us right to the major buy target.
SUGAR/USD Short and GBP/USD ShortSUGAR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CHFJPY: Possible confluence for shortSome possible confluence suggest CHFJPY could possibly short around the 168 area. A potential Gartley pattern on the daily/4 hour chart. Equal measured move/ABCD daily/ 4 hr. Even handle number at 168 even. Testing previous highs. Overbought RSI daily, so possible divergence. Could be a nice area to look at for a shorting opportunity.
SUGAR/USD Short and GBP/USD ShortSUGAR/USD Short
• If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Short
• If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Potential Short on BBVA
BBVA is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $7 also could be a bigger move as in a channel on larger timeframe so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
GBP/USD Short and EUR/USD ShortGBP/USD Short
• If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Short on WXG
WXG is currently in an ascending wedge with bearish RSI divergence with the MACD rolling over and on a smaller timeframe has formed another ascending wedge also with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $1.74, moving SL to BE when safe to do so.
USTECH100 Bearish Momentum Underway🔅Intriguing developments on the USTECH100 chart are worth a closer look. Firstly, two key Fibonacci resistance levels, at 341.4% and 78.6%, have acted as strong barriers, indicating robust bearish momentum.
🔅Further dissecting the trend, we've noticed a clear pattern of forming lower lows and lower highs, emphasizing the downtrend's persistence. USTECH100 is currently at a critical juncture, testing the confines of a long-standing descending channel.
🔅This juncture could potentially provide a highly attractive entry point for short positions. For the complete setup details, we've shared a comprehensive analysis in our channel. Keep a watchful eye on our updates as the situation unfolds.
EURAUDEURAUD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 1.6500 followed by 1.600 region.
What you guys think of this idea?
GRTUSDT 30% Upside Potential BeckonsExploring GRTUSDT's Robust Bullish Trend
In the realm of GRTUSDT, a captivating bullish narrative unfolds as the $0.1 psychological level transitions from a supply to a demand zone. This metamorphosis signifies a pivotal shift in market dynamics, underpinned by intriguing factors.
Evidencing a Persistent Uptrend
An examination of the price action uncovers the presence of a steadfast higher highs and higher lows pattern. This pattern reinforces the enduring nature of the ongoing uptrend, suggesting that a compelling narrative is in the making.
Anticipating a 30% Upside Potential
The confluence of factors points toward the probability of an impressive 30% price surge. Such an upswing may propel GRT towards a critical juncture: the 88.6% Fibonacci resistance level. The implications are remarkable, and investors must pay heed to these developments.
With GRTUSDT's promising trajectory and its potential to reach new heights, the future remains exciting. This bullish analysis serves as a guide to what lies ahead for the astute trader.
P.S. Trade setup and updates you can find in our channel
GBPNZDIs GBPNZD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2.02 level
What you guys think of it?