CHZUSDTWill CHZ return to the game
After the emergence of the triangle formed by the emerging currency of CHZ, the trend is expected to rise sharply, but given the downward trend of bitcoin, it has become very difficult to predict the possible trend.
As you can see, after the defeat of the triangle, the market has returned and dealt with a very strong support zone. But there is also the possibility of infiltration in this zone.
With all these circumstances, I am optimistic that the upward trend of the CHZ will be more probable.
what is your opinion??
Zone
Perfect automated detection of Butterfly pattern - ShortA Bearish-type Butterfly pattern occured near the resistance zone of 88.40-89.10.
Short if it goes below 86.50, aim for the X or B point of the butterfly.
If it does not reverse and exceeds the resistance zone 89.10, consider Long.
Please note the following points when Long.
- there is the following resistance zone 91.20-91.90
- Crab or DeepCrab patterns may be detected after Butterfly
USDCHF break after FOMCOn Wednesday, we saw the Fed's decision to leave interest rates unchanged until the end of 2023.
This led to a low in price of the USD everywhere, but only within an hour. Then we see a rise again in USDCHF.
We are currently in a downward movement of H1, as the resistance trend line has been broken.
The levels before the start of Powell's press conference were also broken.
This allows us to expect that the upward movement will have the strength to continue.
In order to receive confirmation, the price must break the previous peak!
In case of a breakout we expect an increase to 0.9352 and 0.9408!
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Perfect automated detection of BlackSwan pattern - ShortA Bearish-type BlackSwan pattern occured within the resistance zone of 84.90-85.10.
(In this resistance zone , there was a rebound in 25 Feb 2021)
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 83.90-94.10.
If it rises above the resistance zone 85.10, consider Long.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of Gartley pattern - LongA Bullish-type Gartley appears near the support zone of 1.52-1.53, and a reversal is seen.
If it exceeds Fibonacci 50% (1.5523), aim for Long.
If it goes down without reversing, Bullish type patterns such as shark, Butterfly, and DeepCrab may be detected one after another, so be careful about long trades at that time.
If it goes well below 1.52, which is below the support zone, consider Short.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Cup and handle set upOK. My set up will be made up of two positions to reduce risk.
1. position 40% enter price 56.4
2. position 60% enter price 54.2
both positions : STOP LOSS set below FIBO ZONE 52.2
Price move too steep and moved away from the trend line so i expect to get closer. Trendline show us zone 54
RSI close to overbought zone plus declining buyng volume.
Previous ATH 58.350 I expect that will act as resistance and bounce price down to mi positions which will be placed 56.4 and 54.2
Catching long trade in uptrend with 2 options4H charts shown us interesting zone 200. And we got two options how to chatch long trade.
Number 1: Close 4H candle ABOVE 205 , then we enter long with SL at 194.
Number 2: Price will go back bellow 200 and we enter trade at 195.1 ON TRENDLINE. FIBO 38.2 shows us support arround 188 so stop loss will be 187. Those conditions must maintain then the trend will continue in our long :D
I think that Number 2 is more probable consider that longs and shorts possitionsis beginning to decline.
Perfect automated detection of BlackSwan pattern - ShortA Bearish-type BlackSwan pattern occurred in the wide resistance zone.
If it falls below BlackSwan's B point again, a small head and shoulder is completed on the daily chart.
In that case, aim for Short. But note the resistance zone around fibonacci 38.2%.
On the other hand, if it exceeds Black Swan's D point, Long is possible, but be careful because it is still in the resistance zone.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of WhiteSwan pattern - ShortA Bearish WhiteSwan pattern occured within the resistance zone of 1.265-1.293.
And a Bearish type Bat pattern also occured on the weekly chart.
If it exceeds the resistance zone, consider Long.
However, since the Bearish Bat pattern also occurs on the weekly chart, be careful of the downward reversal after breaking through the zone.
After confirming the repulsion in the resistance zone, aim for Short.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of BlackSwan pattern - ShortA Bearish type BlackSwan pattern occured within the resistance zone of 0.794-0.809.
(In this resistance zone , there were rebounds in May 1996-Mar 1997, Feb 2004, Nov 2004, Mar 2005, Jan 2007, Aug 2007, Jun 2009, May 2010, Jan 2015, May 2015, Jul-Sep 2017, Jan 2018)
If it falls below BlackSwan's point C (0.75636), consider Short further.
If it rises above BlackSwan's point D (0.80072), consider Long. If it exceeds 0.8200, consider Long even more strongly.
If it does not exceed BlackSwan's point D, a double top will be completed around 0.8000, so consider Short.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of BlackSwan pattern - LongA Bullish BlackSwan pattern occured within the resistance zone of 1.190-1.193.
(In this resistance zone , there were multiple rebounds in Jul-Dec 2020)
Long after seeing the rebound.
If the downtrend continues, note the resistance zone of 1.175-1.178.
*Harmonic patterns and support/resistance zones are automatically detected using the following tools.
- Harmonic auto-detect
- Support/Resistance Zone Auto
USD remains strong!As we mentioned in yesterday's analysis, we saw an important day for the USD. After Jerome Powell's speech, the dollar rose everywhere.
Did we expect it? See our latest analysis:
AUDUSD
EURGBP
USDJPY
Now the NFP data is coming!
We expect to see a continuation of EURUSD to 1.1917!
The resistance zone is 1.1996-1.2020. And the minimum stop is over 1.2055!
If you have questions about how to trade this or that situation, contact us!
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ARPA/USDT - Be careful, there maybe a false breakout Evaluate the situation carefully, never enter a position when the price rises impulsively.
Possible in the flat channel. And the Trade can take place there.
Only confirmation, only a permanent price fixation above the resistance level.
On the Daily Timeframe, a "cup" pattern has been formed. Now they add a handle. And if there is a fix above the resistance zone, there is a chance to keep the coin in the long term. Only with stop loss.
Because if the father of cryptocurrencies falls, he will first take everyone away.
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system."
"Have a nice day everyone and come."
EURNZD - 01-05 March 21 Week Trade Plan FX:EURNZD
Previous Month : Bearish
Previous Week : Bullish
Previous Daily : Bullish
- EURNZD as expected created a lower resistance below 6660 which pushed EIRNZD to create a new low at 6320 helped by Interest rate news and NZ economical optimism. The new low created triggered a hard pullback as it was Feb End and profit taking which currently pushed EURNZD again above 6660.
- The COT report showing that NZD buyers are still in control and increasing their NZD long positions. Still NZD sellers are not into market yet and this adds confirmations for EURNZD continued bearish momentum.
- Seasonality is showing that NZD will weaken in March, but still NZD holding and continuing it's strength. We could see some reversals on EURNZD as we had created new lows, but still such spikes are opportunities for better shorts.
- So with Current solid bearish momentum, COT and Seasonality; i'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid support formation above 1.7020 level.
- Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs.
- Important news for NZD this week on Wednesday Building Permits and RBNZ's Governor Orr speech on Thursday.
Monthly Outlook:
Weekly Outlook:
Daily Outlook:
Weekly Trade Plan 4H Chart:
Usdcad day buy price breaks down trend line upUsdcad day buy price breaks down trend line up .There is an opportunity to continue. Waiting for the price to fall to the support, the demand zone is an opportunity to buy orders and the rsi continue to move up.
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