I expect ETH to bounce off the daily support @ $2,883 area or even before. if this doesn't happen and we see a daily close below the white rectangle, then we might be in for a down trend to the next support line on a retest.
Hello Traders, This is a follow up to my previous idea on ETH. I am yet to see see an opportunity for a good buy set up on a daily time frame even as I have a bullish bias for very obvious reasons beyond technical analysis. The crypto currency has been closing below $3,180 for the past for days and has remained consistently in the oversold area since 6th...
Another perfect entry for a 100pips profit ON 15MINS TIME FRAME
$1,750 from my perspective is appearing like the new strongest resistance for Gold and for Gold to continue the upside, then we should be looking for very convincing closure above $1750. I am buying safely with my take profit at $1750 exactly and end my trade for today. I will remain neutral after that and decide on a sell or a buy trade at the market open after...
The first major resistance that needs to be broken for Gold is between the $1724 - $1734 price arena. However, for me, a closure below the 23.6% Fibonacci on the 9th of August suggests a further downtrend with likely rejection at $1,706 area but because we do not really trade certainty for high probability I will wait for price action at market open to see what...
For the past three daily candles, ETH has been rejecting the $3.180 area. We need a convincing day close about that price level to confirm the continuation of the uptrend. I will wait for a convincing daily close above the $3,180 area and then buy again at the retest. Everyone needs to be careful and wait for price action to decide!!!
if you recall the earlier idea where I said going was going to get to 1760 earlier in July (7/07/2021). It took a while and NFP actually facilitated this today, I am going to go long from here. Monitoring 1750 also. A daily closure below 1750 invalidates this.
I AM PERSONALLY SHORTING GOLD TO 1760! DISREGARD INITIAL ERROR
Gold may retest 1760 area and probably take off to the 1900 resistance area. I am personally shorting Gold to 1960!
Only a break and retest of the 40k zone will confirm a bullish trend.
I see 1830 and 1881 if there are no rejections at 1830 area
I can see multiple rejections of the downtrend line and a break of the uptrend line. The chart speaks for itself. Trade safely
as long as long as the trend line does not get violated and there is no closure of the 4HR candle below the the grey rectangular area, Gold will but is this persists for the next couple of 4HR Candle
Are we going to see a BULLISH move to $1,924 or a BEARISH move to 1678????