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BTC 1W Descending TriangleBTC 1W Chart. I"ve been watching this descending triangle for last 3-4months.. I drew the chart with the possible path of price action back then. There are couple things that can indicate this chart will play out. 1. Price going up + volume going down = bearish ( From september to october end ) (More on that comment section.) 2. Price giving Lower Highs ( 5th September and 31th October), while RSI giving Higher Highs, That is "HIDDEN BEARISH DIVERGENCE" ( more on that in comment ) . 3. The RSI line( purple) broke down from the RSI BASED MA (yellow). The yellow line moving average is considered as a support/resistance based upon where the RSI line is. So the MA line will be acting as resistance now. IDEAL BREAKOUT TARGET: 12.8k We won't straight drop there , we will most likely retest the ascending traingle's STL ( now turned into a resistance ). Then drop down to 15.9k area there's some support there. Maybe some consolidation there then ultimately break down to the IDEAL BREAKOUT TARGET. I took my short entry at 21.k . Do not FOMO into shorting now. Wait for a better entry. PERFECT ENTRY & PROPER POSITION SIZING is the main key to success in future trading. Non Financial advise. Do your own research . Trade at your own risk. #BTCUSD #BTC#futuretrading#tradeanalysis#cryptocurrency#binance
Short
by HopeTheory_
KNC Divergence by ADZ indicatorBINANCE:KNCPERP KNC can see one more capitulation but we have a good news ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Global FIB. Came to investments area -0.18 Level. ➡️Now we can test on weekend 0.54 D1 timeframe global downtrend line ➡️Target for middle term correction for next bull run if you are investor 0.618 marked ➡️Capitulation on Black Swan 0.16 cents (more than possible for KNC ➡️We need volume for continuation. We trade under fundamental price ➡️Good sign by ADZ indicator big players accumulate KNC and price going lower. We can see one more dump for confirmation Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
KLong
by Crypto4light
Possible 1500 PIP move on USDJPY? More of a huge prediction for probably a year or two from now. On the monthly timeframe we see this descending triangle starting at 2015's highs all the way to August last year (2021). Simple breakout and retest of the weekly support and a huge bounce to the upside. Duplicating the triangle mouth unto the end of the breakout candle sees an overall target of monthly highs at 135.00 (Yearly highs of 2002) with about 1500 PIPs from our current price.
Long
by K08Live
XAUUSD Trade IdeaGold is currently trying to continue the bullish momentum. Price has formed a higher low and is currently establishing support above 1852. As long as price respects the trendline, it can probably retest 1860.70 and then 1869.7 1.Price is currently bullish 2.Price formed support along 1852 3. Price broke below structure but found support above 1852 4. Price is currently forming support and respecting the trendline, but if price breaks below it can retest 1848.20 5. If price breaks and closes above 1856.80 it can possibly retest 1861.40
OANDA:XAUUSDLong
by dreadhead4_life
GBPJPY Price Action BreakdownGJ recently made a rally and now price looks to be in a range. If price breaks and closes above 156.20, there is a probability that price can continue bullish to retest the daily resistance above at 156.485, which is also a potential wick fill. This will more than likely take place during the London session when the market has more volume. If price fails to break the highs, price can potentially break the minor level of support at 156 to retest the level where price broke out from at 155.80. Be mindful of placing sells because the overall trend looks like price is moving bullish and there could be a possible rejection from the EMAs. 1. Price broke out from range 2. 4H Level of Resistance, if price breaks and closes above, there is a chance price can retest the daily level of resistance 3. If price begins to break below and close below 155.990 there is a chance that price can retest the bottom of the range
Long
by dreadhead4_life
US30 Analysis 02/01/22Today is a new month and price is still looking bullish. Yesterday we made new highs and price keeps respecting the EMAs for a bullish continuation. Price has already formed support in Premarket open to possibly retest the highs created from yesterday. Keep in mind that today is PMI News at 10am so Market could get wild around market open today. Be Patient and as always wait for a confirmation for entry. If price starts to break its lows, there is a possibility that we can retrace some of the bullish move from yesterday. I know that US30 loves to retrace big spikes that happen in the market before continuing in its true direction, so don't be too surprised if the market opens bearish before reversing to continue bullish. 1. Price created high yesterday 2. Price formed support and is currently going bullish to retest the highs 3. If price can continue bullish leading up to market open, there is a chance that it can break and close above to continue bullish at least until 35245 4. IF price decides to go bearish, a break below 34950 could be a clean sell to 34840 *Thank you in advance for the support!
U
by dreadhead4_life
Trade Idea for Gold on 4H TFA huge drop on Gold. It is possible that price can begin to retrace during the Asian session and London session to build up momentum to continue to the downside. Wait for a solid retracement and resistance to form. Once price begins to reject, there is a strong possibility for price to retest the lows that were created today. 1.Strong impulse Bearish candle 2. Major Level of Support 3.Strong Possibility that price can reject 1812.50 and begin to pull back 4.Strong possibility that price can pull back to 1823.50 or 1827.70 to form resistance to continue to the downside
OANDA:XAUUSDShort
by dreadhead4_life
US30 Scalping Setup 01/24/22**Trend is still Bearish, so bears are in favor. Price might do a pullback leading up to market open and then continue bearish. Waiting for the volume to enter the markets and then my signal to enter. ***Everything becomes invalid if price breaks and closes above 34540*** 1. Last week’s low 2. Pullback during market close (aka Asian session) 3. Price has retested the previous low and has formed a new lower low. 4. Price can either form a level of resistance at 34248 or break back into this range to then form a lower high and with market open volume, continue the bearish trend. 5. Waiting for a break of 34100 for price to at least continue bearish to 33980
UShort
by dreadhead4_life