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Trendytrades

TrendyTrades: NKE bounce off 45MIN DemandUsing the trend-based fib extensions in combination with a 45MIN Demand, I've analyzed that there is a potential trade opportunity with NKE. If price can drop from supply (which it already has started) to around 132.61 which is confluent with a fib level, we can see price bounce up to supply once again at 134.76 and possibly break-through reaching the 1.618 golden ratio fib level that is sitting at 135.44 Placing a ight stop-loss would be ideal with this as the market is choppy today and anything can happen. NYSE:NKE
NYSE:NKELong
by Trendy-Neck
TrendyTrades: DENT May 2nd Analysis The yellow vertical lines on my charts indicate the last Friday of every month. Crypto seems to have a pattern with these dates in which it has a major leg up. Going with this idea, I have further analyzed the major key-levels in combination with various Supply and Demand zones to build my chart. Instead of hopping into this trade immediately, I would like to wait for a break down from the 1-week uptrend to the 2-Hour Key-Level and/or 1/4 Hour Demand Zone waiting below at around 0.0090600 . Entry here would be idea in hopes of a bounce back up to the 1 Hour Supply at around 0.0124500 . Since this supply has already been tested, I could except a break-through shortly after with price reaching the next Supply at around 0.0137388 . Depending on how price reacts to this area which has been tested once before on April 17 , we can see a break-upwards to the next Supply at around 0.0154000 with a 4-Hour key level just above that. BINANCE:DENTUSDT
Long
by Trendy-Neck
TrendyTrades: XRP May 2nd Analysis XRP has show some significant growth in the last few months. Looking at where it is today, I've analyzed a few key hourly and daily levels; along with some predominant Supply and Demand zones. I can see one of two different scenarios playing out here, first being that price breaks lower passed the Supply turned Demand area and into a 3HR Demand that hasn't been used yet at around: 1.3978 which is also confluent with a 1-Hour key level . If it reaches there, I can see a nice bounce up back into the supply zone around 1.6660, breaking it and reaching the next Supply zone at 1.7473 which is also confluent with a 1-Hour key level . Second scenario is displayed using the dotted line, please refer to the chart for direction. BINANCE:XRPUSDT
Long
by Trendy-Neck
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