Zones
30M CHART GOLDTURN LEVELSJust a quick update on the 30m chart immediate big gold turn levels. Taking out the smaller levels and just including the significant ones for the 30M chart.
Goldturn Resistance
1862
1873
Goldturn Support
1845
1824
Waiting for EMA5 cross and lock for confirmation.
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ETSY pump on Q3 earnings. My analysis with boxes.Hi everyone,
Let us take a look at recent NASDAQ:ETSY price development.
Huge leap from 234-239 zone to new highs at 283 .
Hard reject to 240 zone.
Climb back to 270 .
Taking a look at last 3 weeks volume profile, it is not uniformly distributed.
POC is at 239 .
Decent size volume occured in 270-275 zone, BUT mainly on the ask side.
What usually happens next in this situation :
Stock price either slices through the ceiling and squeezes to the absurd highs (like Tesla and Cloudflare)
OR
It diddles in the thin zone of the profile, repairing the structure, before the next big move. Here it's 253-272 zone.
Please like if this helped and comment your ideas.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
Ashapuran Mine Starting a new UPTRENDENTRY- CMP
SL- 114 (Conservative)
105 (Agressive)
TGT- 210
Price has come near the Demand zone and has touched it a few time.
The best thing is 2 Monthly zones and 1 Daily zone are colliding (sign of a strong demand zone) which seems to be difficult to be taken out. Also RSI is showing Regular Bullish divergence
Safe ones can wait for Trend Reversal to enter.
ADA Massive Channel!!Money Makers!
ADA has been on a crazy rise the past few weeks. I thought this channel was an interesting perspective and decided to share it. If it fails these levels and BTC decides to correct I can see ADA correcting very aggressively from these levels. I also indicated a couple of S/R zones with the horizontal line to show the next major supports if it decides to correct. A short position here would be a great idea with a very tight stop loss to maximize profits.
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Simplicity Wins
ETH/USD: Bullish Rising Wedge; update!!!At the moment analyzing Ethereum in my trade, Im in profit around of $1,900 USD that was entry price level to long position, we're ok. Just that today, Etheruem forming a bullish rising wedge, for that, Ethereum could to continue up to $2,400 USD. i'm in profit and I move the SL at $1,827 USD.
GBPNZD, 1hr tf, buy at 61.8% retracement
Price also dropped for GBPNZD yesterday. We dropped until 61.8% retracement of recent rally. At the same time, there is weekly support around this level so we could say this is an area of confluence support.
Also it appears there is a possibility double bottom pattern forming. We could see some rally to the upside if this pattern play out.
Buy GBPNZD 1.9700
Stop loss 1.9630
Take profit 1.9910 (3R)
Use only 1-2% risk
Good luck