GBP/USD🇬🇧 🇺🇸 to decline down to the 1.30724 lvl.On the GBP/USD🇬🇧 🇺🇸 chart we can see that stochastic is in the high overbought and pretty close to the BB Upper thus so the price is going to decline down to the 1.30724 lvl.
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Vpvr
EUR/AUD🇪🇺 🇦🇺 to FALL!+0.5% on the EUR/AUD🇪🇺 🇦🇺. According to the Stochastic overbought the price is expected to slightly decline with the following ranging inside the channel.
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NNDM almost hit our targetHello my friends and long time no see. I have personally sold out of nndm and didn't catch our move to the upside with is almost hitting our target in our last TA. This TA/Idea is going based on what the graph shows, so no news.
News
Well I'm not lieing about any news cause I'm not gonna read it, but ark has invested into NNDM , which caused it to almost hit our target. Ark is probably the best company to follow and them investing in a penny stock shows its not a penny stock to them and has potential.
-Earnings coming up, so it will be interesting to see. If you have any news that might come out it will be great. Again I suspect them to beat earnings, but a pull back before will be a buy imo
-elections results still going on with recount, but won't hurt nndm since space is going private
TA
-MACD is bullish, but can turn over
-RSI is overbought
-A retracement to 3.54-3.64 is on the table before moving higher. Also if we break above 4.10-4.20 we could suspect to go create higher highs with 4.09 being our resistance point.
-High vpvr from 3.80 and up, which is bullish
Final Thoughts
I personaly did sell and been leveraging on bybit for bitcoin, but I did buy the 7.5 may 2021 call and up 44% and also some shares. I would buy more shares, but my RH account is locked cause I accidentally used the wrong bank to deposit money, so I have to wait till funds are settled. Till then I'll watch for a pull back hoping I can buy.
AUD/CAD 🇦🇺🇨🇦 to FALL and test the channel's supportAUD/CAD 🇦🇺🇨🇦 pulled back from the Upward channel resistance and according to the Stochastic crossover and RSI overbought the price is going to continue its decline and test the channel's support.
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USD/JPY🇺🇸 🇯🇵 to decline dow to the 104.124 lvl.+0.70% on USD/JPY🇺🇸 🇯🇵. We see that the price was rejected by the 104.927 lvl together with the rejection of the Upper Bollinger Band and the ROC swing thus the price is going to decline down to the 104.124 lvl.
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GBP/NZD🇬🇧 🇳🇿 to test the channel's midlineGBP/NZD🇬🇧 🇳🇿 is moving within the Upward channel.According to the ROC swing and Aaron the price is expected to rise above the channel's midline.
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AUD/USD🇦🇺🇺🇸 to break from the symmetrical Triangle.AUD/USD🇦🇺🇺🇸 is expected to bounce from the 0.70109 lvl. Stochastic oversold together with Aroon suggest that there shall be the outbreak from the symmetrical Triangle with the possible spike up to the 0.72418.
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Gold to RISE!Gold is falling inside the Downward channel. We see the strong support line that gave the rise to the bounce of the price together with the swing of the ROC. Moreover , the Aroon suggest that price can take the reverse trend and rise up to the 1891.326 and likely to the 1911.041 lvl.
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EUR/JPY 🇪🇺🇯🇵 to RISE!EUR/JPY 🇪🇺🇯🇵 is moving within the ranging channel. The price is testing the Support zone and the pair most probably will bounce due to the Stochastic oversold crossover and the possible ROC swing and test and likely break the levels indicated above.
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NZD/CAD 🇳🇿🇨🇦 to RISE!NZD/CAD 🇳🇿🇨🇦 is remaining inside the Upward channel.According to Aroon crossover there was a possibility that after being rejected by the 0.88602 lvl the price could leave the channel , however now we are seeing the decreasing Aroon Down that together with the oversold Stochastic crossover suggest that the price can test the channel's Resistance.
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EUR/USD 🇪🇺 🇺🇸 to rise up to the 1.17616 local support level.EUR/USD 🇪🇺 🇺🇸 is moving within the symmetrical wedge with the pretty wide Bollinger Band volatility. The price is testing the ascending bottom trendline , and according to the oversolds and the Golden Cross is going to rise and test the 1.17616 local support level.
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CHF/JPY 🇨🇭🇯🇵 to fall to the 115.344 with the following spikeTaking the multiframe look at the CHF/JPY 🇨🇭🇯🇵 on the 2H chart we see the Long Upper shadow that suggest that the price can decline down to the Local Support of 115.344 that is also backed by the bearish ( almost Dead Cross) narrowing of 50&200 MAs at the 12 H chart. There the price most likely to bounce from the long lasting Uptrend Line up to the area of 116.166 lvl.
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EUR/NZD 🇪🇺 🇳🇿 to test the 1.77842+0.34 % on EUR/NZD 🇪🇺 🇳🇿. The pair is back into Triangle as was expected before. Stochastic is moving upward after crossover. Moreover , we see that the ROC 3 has been predicting the spikes and drops quite well here , thus according to the recent swing we shall expect the test of the 1.77842 with the possible rise up to the 1.78279.
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ETHUSDT Weekly S/R| Trend Pivot| Price Action| VPVR| Daily S/R Evening Traders,
Today’s second analysis – ETHUSDT- consolidating under key resistance where a breakout is probable upon increasing volume,
Points to consider,
- Price Action Impulsive
- Weekly S/R Resistance
- Daily S/R Objective
- Oscillators Extending
- Volume Increasing
- VPVR Low Transactions
ETHUSDT’s immediate price action is impulsive, breaking key Local S/R. Price action is currently trading below Weekly S/R, breaking this level will allow us to maintain out bullish bias on the market.
The Daily S/R is current objective; price action is likely to reach this level due to low volume of transaction – reflected by the VPVR.
A rejection from the weekly S/R will increase the probability of back testing Local S/R; this will confirm an S/R Flip Retest. It’s also important to note that this area is also in confluence with the POC.
Both oscillators are over-extended; a reversion to their mean is probable which will coincide with a pull-back in price action.
The volume profile is increasing; this needs to sustain for further follow through in price action.
Overall, in my opinion, ETHUSDT is a valid long above Weekly S/R; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
The goal of a successful trader is to make the best trades. Money is secondary. – Alexander
GBP/CAD 🇬🇧 🇨🇦 to maintain within symmetrical triangle!GBP/CAD 🇬🇧 🇨🇦 is moving within symmetrical triangle. We see that the price could not setup above the POC line and after attempts to retest the line the price was rejected by the Downtrend line as well. The ROC 3 is providing us with the swing , thus we shall expect two possible bearish scenarios here : the pullback and bounce from either 1.70176 or 1.69931 level.
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USD/CHF 🇺🇸 🇨🇭 to decline and bounce!USD/CHF 🇺🇸 🇨🇭 has recently retested the strong Uptrend. The price was rejected by the 0.91565 lvl. The ROC 9 swing at the 4H chart together with the bearish flag at the 12H chart with ROC 9 oversold and Stochastic crossover suggest that the price is going to decline. Below we have the 0.91379 and the Uptrend from where the price is expected to bounce!
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(ETHEUR) Ethereum Fractals: €905 or €188?ETH has broken away from it's 2017 fractal structure, now suggesting a return to the norm of the VPVR point of control around €188 ($221) may be in play. Expect the 150 MA at €274 ($322) to be defended if price falls lower, as well as the old resistance level of the 2-year long resistance trend-line, followed by volume and long-term moving average support within the €181-204 support level ($213-240).
Either way, a 67% retracement from recent higher highs wouldn't be out of the question, as it would still confirm a bullish long-term structure of macro higher highs and higer lows over a 20 month long period. Neither would a 3x from the current level of the 0.618 fib retracement to the 2.618 fib projection.
If price breaks down from the neutral zone, it's also likely that it won't complete the 2019 winter fractal, instead finding long-term support from the VPVR point of control as well as 50 & 100 Week MAs, that represent median prices from the past 1-2 years approximately.
This is no time to be going short imo, only to be eyeing up the dip. October vibes are telling me to be patient before longing any more ether.
Bitcoin dominance continues to consolidate at the lows around 60 in a bearish manner, but ETH remains in no mans land.
Altcoin Speculation Coming Soon...
Altcoin Dominance Eyeing Up A Breakout to 40%
Eyeing Up MKR/BTCInteresting 17 month long head & shoulders pattern developing on MKR. Target is 2x head to neckline measurement, that would also re-test the horizontal resistance and beginning of neckline from June 2019 high. Price otherwise looking for support from the VPVR Point of Control around 0.047, while RSI has broken back into neutral territory from bearish. CMF has flipped bullish.
Apple bulls getting ready? broke strongly above the 116ish VWAP from August peak, Moving Averages have turned positive, and 10 day MA has crossed both 50 and 100 day MAs... if this can hold above 116 this week or at least make it a support, Apple has a decent volume gap to go upward from 117ish to 123ish
Bitcoin had the dropLast TA we talked about how we were in a bear flag pattern and today in the last hour and half of the market we dumped. Now how massive was this move? Well we can see the volume spiked with two 1k candles, yet the second was retraced by half. Looking on CoinbasePro 24hr volume we didn't hit the 10k btc volume, so volitatiy isn't back just yet. As we know a massive move would need that over 10k-to upward in the low 20k btc 24hr volume. Before getting on too the TA we can also remember liquidity is gonna cause massive movement in bitcoin and as more and more people move BTC off exchanges they are losing liquidity.
News
-Just the stock market dropping over 500 points and continue tech sell off. Again Bitcoin is a means of exchange around the world, but it is correlated towards the Tech sector of the stock market and the dow is mostly tech, so they follow each other.
-The dollar is making a comeback, but I don't see the real correlation towards the dxy and the stocket market with Bitcoin.
TA
-We have dropped out of our flag pattern, yet as I talked about volume we did have a slight pickup, yet it doesn't seem that massive imo
-The yellow dotted line as we talked about as the "Slide" is playing out nicely and we are trying to find support around 10256.68
-RSI is oversold, so its bullish
-MACD has had its crossover and leans bearish, yet since its under the volume indicators its in an oversold state.
-The 50ema is hitting as resitance, so that would be a prime long term target to go back and breakthrough. Most the time in Bitcoin, we usually dip below it for a few hours or day till we flip bullish again.
-We are under the high vpvr levels, which means a massive move is expected towads the upside giving us a price target of about 10418 or a little less
Final thoughts
I think the possibility of going lower is possible, but I would like to see Bitcoin have higher bearish volume to see a sub 10k since it created a lower high bearish volume compared too the sept 21 dump. Key outside factors is to watch the order books. A useful website is tradindviews little brother, tradinglite, which shows you a price range of where the orders are sitting pretty heavy. For now I'm going to stay neutral, but lean bearish.
Bitcoin on a bear flag/pennant? At the start of Monday new news came out giving mix signals across the market, yet was bitcoin going to go down no matter what? I talked about the 9k put options that didn't come out on friday, yet at current price action it looks like 9k may not be a fantasy.
News
-Covid cases on the rise in Europe (what happens when you make fun of the United States...Karma sucks)
TA
-Now this graph is zoomed out and you can see my madness in my lines with the many support. At current levels we are in a make or break point and if bulls can't hold downward movement is very likely.
-Now if this is a bear flag or pennant we can suspect prices to go range bond at 9686.89-9787.66, yet being so close to closing the cme gap we could price target at 9563.72. In return this would finish the last wick to the elliot wave from my CME graph idea.
-Current levels RSI is on the rise, yet it is normal after yesterdays massive move, so a slight pull back might happen even if we come out bullish
-Sell volume outweighs the buy volume
-MACD is still bullish and rising with no crossover in sight
-VPVR levels are built up slightly at our top of the red zone at 10389.92
-You can see two dotted lines coming across, which both have acted as downward "slides" in describing them, which cause resistance and support going lower. The meaning of "Slides" is basically falling price action is a best way to describe those lines.
-If bitcoin bulls want to regain control, they would need higher buy volume and hold above 10533.73 and gain grounds at 10488.12
Final thoughts
Its very risky in the price action, yet I do lean bearish just based on past market history. How low we can go isn't shown yet, but I have seen price calls lower than 9k at the range of 5k-7k. That would be about over a 40-50% lost from the 11k-12k range. From 11k/12k high to 10k, that was about a 21% correction, so with the recent high at 11155, a 21% drop would give us the range of 9k-8.9k. Again if we go sub 9k you buy.
APPLE 3 Possible Scenarios$AAPL I see following possible scenarios:
1. (GREEN) Today was a perfect bounce off 15 EMA ~$105 on Weekly chart. Price could move higher to ~$135 using this strong historical support as a "trampoline"
2. (ORANGE) Today was a dead cat bounce witnessed on support weekly ~$105 support only for possible lower moves to $80-$90 support range in near future
3. (RED) Today was fake out and we continue downward slide to $80-90 support area.
I think scenario 1 is the most likely to play out and I have bought the recent dips. Of course anything can happen and that's why its important to manage risk and set stop losses.
Let me know what you guys think! Discussion and hearing other view point is great. NASDAQ:AAPL