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Trendlineanalysis

#AUDCAD Bearish structureHello dear friends and traders. Let's take a look at AUDCAD and explore the potential selling opportunity in this pair. As seen in the chart, we have a 4-hour bearish market structure where the price is creating lower highs and lower lows. Consequently, we are only interested in taking short positions for the moment. After the price formed a recent low, it started to develop a bullish corrective move that ended up testing our bearish trendline, coinciding with a static resistance area. Now, if you examine the 1-hour timeframe chart , you'll notice that the price attempted to go above our horizontal arrow line but failed to close above it. This suggests that the recent bullish move could be considered a liquidity-taking activity, and now that the price failed to close above, we may consider opening a sell position. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
2
#EURGBP selling opportunityEURGBP exhibits a valid bearish market structure in the 1-hour timeframe, as illustrated in the chart. This structure begins after the price tested an important daily resistance and was subsequently rejected. With this ongoing bearish move, we are inclined to take sell positions in this pair as long as the current structure persists. Upon closer examination, the price tested the bearish trendline and formed a 1-hour engulfing candlestick pattern . When combined with the preceding candles, it resulted in an evening star candlestick pattern. The occurrence of this pattern within a resistance area enhances the likelihood of its significance. The formation of this pattern leaves us with a clean-break area, which serves as an important supply zone where traders may consider selling this pair. Additional bearish confluences include the price testing the 1-hour and 30-minute 200 EMA. For selling this pair, the optimal area to place your stop-loss would be above the previous high. If the price reaches that point, it indicates the end of the bearish trend, and we would then be dealing with a bullish trend. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
2
ETHEREUM above support + Trendline, more bullish to come....ETHUSD price made a bullish breakout of the Descending trendline and currently price is above Support area, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:ETHUSDLong
by Stargazer_fx
11
#CADCHF buying opportunityAs depicted in the chart, the price successfully broke above a range-bound area yesterday. This pattern, known as the "line formation" in Charles Dow's trading strategy, represents the only tradable Daily time frame pattern based on Dow's principles. We are currently waiting for the price to retest the previously broken resistance, with the expectation that it will now act as support. To maintain our position and adjust our stop loss in line with this bullish trendline, it is essential for the price to remain above our short-term trend. In order to manage our Risk-to-Reward ratio effectively, we have decided not to initiate a position until the price reaches our designated support level. At that point, we will be on the lookout for bullish price confirmations. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
2
CAT : Unlocking Upside Potential with a $290 TargetCaterpillar Inc (CAT) has recently demonstrated significant upside potential according to the latest technical analysis. Let's delve into key points supporting this positive outlook: Recent Developments: On October 31, 2023, CAT's stock price touched a critical support area at $228.37, marking its lowest level since June 2023. The significance of this level is reinforced by the presence of a long-term upward trendline dating back to March 2021. This underscores strong demand at this level, signaling the continuation of the upward trend. Positive Reversal: Following the support touch, CAT shares experienced a positive reversal by successfully breaking through the previous resistance level at $244.24 on November 3, 2023. This indicates an increased buying pressure, suggesting that CAT has the potential to continue its ascent to higher levels. Target Price Set: The proposed target price is around $290, reflecting the highest level reached in August 2023. This target selection is based on psychological aspects and the Highest level of all time Momentum Indicator Support: Two key momentum indicators, MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index), provide positive signals: MACD is above its signal line and the zero level, indicating that upward momentum is increasing, supporting the continuity of the uptrend. RSI has moved above the 50 level and is approaching 70, suggesting that CAT may be in an overbought condition. This indicates a higher number of buyers than sellers, supporting the prediction of price increases. Conclusion: Based on this in-depth technical analysis, Caterpillar Inc (CAT) shows robust potential for upside movement. However, as with any investment decision, it is advisable to conduct further research and consider risk factors before making decisions. Stay informed about the latest news that may impact the overall stock market.
NYSE:CATLong
by fardycurry
Swing Trading BitcoinBitcoin has formed an ascending triangle within a rising channel on the hourly charts. The rising channel on its own gives me reason to expect a breakdown to the 61.8% or 50% retracement levels but the presence of the established ascending triangle has made this consolidation interesting. The development of this bullish signal leads me to believe that their is a sliver of hope for another breakout but this will depend entirely on a large influx of trading volume when the alleged breakout occurs. A false breakout has already taken place on 1 November which makes identifying the ascending triangle that much more difficult to properly recognize. If a low-volume breakout occurs then I believe Bitcoin's value will meet significant resistance at the 100% retracement level -- forming a double top "M" -- and potentially see a shift back to prior retracement levels as suggested in the first paragraph. However, if a high-volume breakout occurs and Bitcoin's value is able to break through the $36,000 USD ceiling, and out of the rising channel altogether, then we could see massive gains as high as the $40,000 level before any significant resistance is met. As always, traders should be weary of any micro or macroeconomic factors that may come into play as this can both fuel and steal momentum. I am very interested in seeing how this plays out but I am not so optimistic that I would trade without an established stop-loss in place nor insert myself in the trade prematurely. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by Shepherd_Investor
BTC/USDT - Short term SHORT with 2 Target ZonesThere is a potential for a short term SHORT trade on BTC/USDT. If todays bar closes < 34.7k (~3.5 hours till close) there is potential for a short. There are two target zones: Yellow zone, this is the most likely zone it may dump to between 32.5 and 32.8k White zone, between 30.3k and 31.8k, this may happen if the lower level of 32.5k in the Yellow zone fails to hold. Please note that the upper level of this zone at 31.8k may also act as a Support. There are many reasons why this short may happen: The price faced resistance at the trend line. The price has closed above the upper purchase zone level since October 16th, and it MAY close below it today. We are currently in a Blood Diamond which has been confirmed (white circle within the YinYang Momentum Oscillator). YinYang RSI is at 98.08 and very Overbought and is closing in with the YinYang RSI MA which is now at 94.94. The Buy Volume is bending towards the Sell Volume. YinYang Momentum is very Overbought, the predictive mountain is already angling towards the regular and may dump inside of it soon. Likewise we can see the Confirming Blood Diamond appeared on the current bar (white circle). YinYang Momentum Trend Line has turned Bearish. The reason it may correct to these zones specifically: Yellow Zone: The Basis line is here. There is a Downwards Trend Line within here. The Fourth level of the Purchase Zone is there. White Zone: The high of 31.8k was a long lasting Resistance Pivot. the low of 30.3k is where the Volume Profile is. the low of 30.3k faced lots of resistance recently. Please note this is a short term short, on the long term BTC may remain bullish. Indicators used to make this analysis: YinYang Trend YinYang Volume YinYang Momentum YinYang RSI
Short
by YinYangAlgorithms
GBPJPY The Pennant pattern is formingThe Bank of Japan facilitated the biggest yen sale in six months. The dollar rose 1.70%, approaching last year's high (about 152 yen). Breaking above the Bollinger Bands, which are two standard deviations above the 20-day moving average, the U.S. dollar traded three standard deviations from the moving average. It's quiet today. The dollar has spent most of its trading so far between 151.15 yen and 151.50 yen. Some participants are considering moving to 160 yen. In the short term, $2.3 billion of options expire at 152 yen.
Long
by Chart_MasterPro
2
Bitcoin Runs into Strong Resistance on the Weekly.Recently, INDEX:BTCUSD has been having a bit of a bull run. This is probably because most people were and are still expecting a Spot ETF to be approved. That is, according to mainstream sources. I'm not sure whether the bull run has finished yet, however, we do have some chart statistics that show Bitcoin will probably have a pullback. Firstly, the RSI is showing >80 on the Daily at the moment, which is very overbought. In fact, during the bull run, Bitcoin hit an RSI number of 90+ temporarily. To put that into perspective, that is the same RSI number Bitcoin hit when it had its late 2021 bull run. RSI on the Daily Secondly, there are two strong trend lines on the weekly chart that Bitcoin has just run into, and its clear they're strong resistance. Weekly Chart I have shorted KUCOIN:BTCUSDT at this level, and I'm expecting the price to go down soon. Although, I could be wrong.
INDEX:BTCUSDShort
by mrdawowski
BTC 1w chart review 💥This not 🚫 price prediction This not buy / sell setup 🙂 This just reviewing chart 📉📈 wt plans can be happening in 1W just showing to you So pls DYOR Let me go with possible chart Explanations - how 1W really looks like Still now price did high and high 📌 but stochastic RSi did high and low 🔅 Even when price getting low 🔅 it did high and low 🔅 stochastic RSi did lower and lows This simply indicates the next stochastic RSi will do lower low 🔅 Now it's important here ☺️ in that case price will do higher low 🔅 Or will enter lower low 🔅 📌If price did higher and high 💰 we see super bullish ( should break solid white 🤍 line in stochastic RSi ) 📌If price did lower and low 🔅 with SRSi then complete game 🎮 🩸 change If the 2nd case happens 🙄 Stochastic RSi will do higher and high 💰 from low level recovery But price will do low and high 📌 It's important to observe upcoming price pump and dump Support 📌 $19800-23000 Resistance 📌 $29000-32000
by raj5_7_5
Capitalizing on the Bearish Trend The entirety of the NZDUSD landscape is signalling a potential shorting opportunity. Technical Insights: The volatility trendline, once a counter-trend reference, has been breached and closed below. Now, we await a retest of this trendline as an entry point for a shorting opportunity. Extended Target: For those inclined, extending the target to the completion of the Bullish Bat Pattern on the Weekly Chart at 0.5626 could be a strategic move. Always employ your own risk management strategies and validate with your analysis. What's your perspective on NZDUSD? Share your thoughts below.
Short
by RaynLim
1