Update
BNBUSDT we can say we have an early indications of breakout for BNBUSDT as well, as you can find in graph bulls attempt to breakout the falling wedge opposition on numerous occasions which make it more fragile yet the volume is still low
In the event that the breakout at last done effectively major areas of strength for with , we will search for $279.69 and $300 as a momentary focuses for bulls
Invalidation:
Assuming that significant supply broken bears will lead the market towards the green level or even new nearby low
What is your take on BNB?
Share with me in remarks area underneath ⬇️
EOS the Shuttle-Mir after the Apollo disaster. Opinion:
- EOS change in team.
- Exodus of toxic team members
- New project growth emphasis
- Mengel update
EOS is part of a very small club of 3. It has settled all disputes with the SEC and therefore not susceptible to a XRP like catastrophe. This alone places it up there with ETH and BTC as SEC shielded.
Sources:
www.sec.gov
www.sec.gov
www.coindesk.com
Furthermore, the change in team and exit of the old team, makes this project very likely to grow in MsM support aswell as institutional and partnerships.
Quite frankly from a legal perspective it is the only project with the legal hurdles settled enough to rival ETH in company partnerships and adoption.
I am expecting great things and am convinced this is bottom for EOS . Long term it will reach over 100$ values, but for now due to the current macro economic sphere, TP'ing key levels is not a bad idea. Buying a huge bag here is also not a bad idea for the long run, but given the economy; risk scenarios are due in consideration.
#LONGTERMULTRABULLISH
Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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5 Support Levels Until Parity & Swing Trade Reaches 230 Pips!Today, the market finally broke back down below 1.1250 and the market is currently consolidating just over 1.08.
I'm happy to say that I took over 50 pips from that move!
The market dropped over 100 pips today, signaling the end of a 3 day pullback on the Euro's inevitable fall back down to parity.
There are only 5 key levels sitting between current price and parity
Bridging this gap in one day is an unrealistic ask, maybe by this time next week.
The swing trade which I've been posting about since the second week of August is now over 230 pips in profit.
And I'm sure I'll be able to take the full 320 pips by next week.
This market is a blessing
As always, if I spot any more short day trades, I'll be sure to post them!
AUDJPY PENNANT BREAKOUT?Pair: AUDJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, trend channel
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Key Takeaway: Need to see a break of pennant pattern and round number levels
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Level needed: need a close by 95.180
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Trade: Long
RISK:REWARD 1:6
SL: 27
TP: 170
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
ETH IS IN A RISING WEDGE | BEARISHWe are hitting a fib level and rejecting nicely. We are also trading in a rising wedge which is also bearish. Ethereum is ready to fall down to lows and we can see some nice bullish action when we find support and push up to ATHs.
Please leave your thoughts about this in the comments!
GBPUSD INVERTED HEAD AND SHOULDER Pair: GBPUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, ascending triangle, inverted head and shoulders
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Key Takeaway: Need a break of high volume level/resistance
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Level needed: need a close by 1.22885
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Trade: Long
RISK:REWARD 1:10
SL: 31
TP: 312
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
USDJPY ASCENDING TRIANGLE BREAKPair: USDJPY
Timeframe: 1H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending wedge pattern, fib golden pocket level
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Key Takeaway: Need to see break of this ascending triangle to the down depending on the US Core Inflation rate we see today and a break of high volume level
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Level needed: need a close by 134.925
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Trade: Short
RISK:REWARD 1:15
SL: 31
TP: 452
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
EURUSD BEAR OR BULL BREAK?Pair: EURUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending wedge pattern
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Key Takeaway: Need to see break of this ascending triangle to the down or up side depending on the US Core Inflation rate we see tomorrow
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Level needed:
Upside: 1.20845
downside: 1.01955 - 1.01848
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Trade: Neutral
RISK:REWARD —
SL: —
TP: —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
NZDUSD SUPPORT AND VOLUME BREAKPair: NZDUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending wedge
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Key Takeaway: Need to see break past support and high volume level
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Level needed: Need to see price close by 0.62620
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Trade: Short
RISK:REWARD 1:8
SL: 22
TP: 177
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION