Hello everyone, let's take a look at the 4H BTC to USDT chart as we can see that the price has bounced off the upper boundary of the downtrend channel, potentially giving room for a stronger downward move. However, if BTC tries to exit the channel again, the price must overcome a very strong resistance zone from $71,959 to $73,853. However, after breaking above...
Analysis of Gold Price Movement in May 2024 For the daily timeframe in May 2024, Gold has opened at a high level, indicating potential seller activity. The initial target for price movement is the open price of 2321.07 , serving as the primary take-profit point for the monthly structure. Utilizing Fibonacci analysis, the first take-profit level is identified at...
Daily currently in a bullish pennant. Expecting price to reach daily support & resistance levels after breakout. Swing / position stack opportunity.
Fundamental: Gold has seen the amount of long positions grow these past two months and be able to sustain that grow in a range from 560K-285K+, Short Positions have been maintaining about the same roughly staying in the range from 80K-66K. Open Interest is leaning bullish with growth this past month but for the past two month we see some ups and downs followed by...
As we can see, the price is based on the lower border of the uptrend chennel, which may result in an upward move to 33$.
Fundamental: The past two months we've been seeing consistent growth in long positions, short positions on the other hand haven't been experiencing the same consistency with the amount lowering. The Net Position is positive and has been growing consistently the past two months. Open Interest is positive and growing in the sentiment, Total OI has been growing...
NYSE:O Realty Income is widely recognized for its monthly dividend payouts. Upon opening the chart and zooming out, it's evident that the stock has been moving within a significant range since around 2014/2015. Currently, we find ourselves in the lower half of this established range. Currently, NYSE:O is in a downtrend channel, so it's advisable to wait for...
The trend in the daily chart of Coal India is bullish. The candle today has closed above the resistance. We may see 500 levels soon. Educational purpose only
As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since...
The BINANCE:BTCUSDT.P has formed a channel. Go in the direction of break. OR Hedge at opposite extremes and cover at break then ride the break. ; ) <3
☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss...
Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price rebounded from the lower border of the downtrend channel. Let's start by determining the support line and as you can see, the first support in the near future is $57,035, which kept the price from a major correction, if the support is broken, the next...
No guarantee it ont go back below the neckline once or even twice or thrice before the real breakout as such things are common, however it definitely looks like this current breach above the enckline could be the one that ends up validating. The breakout target once it validates is $171. *not financial advice*
Which one to fill first with earnings in 2 weeks? The bottom one from a weekly chart? Or the top one from the daily chart about 2 months ago?
XAUUSD made a big splash and just got a new ath recently as it broke above this pink horizontal trendline for the first time. We can see since then it has created a big bear wick however so not so sure it will be able to maintain this pink trendline as solidified support or not. Once it eventually does hod this pink trendline as solidified support for a weekly...
XAUUSD ANALYSIS UPTREND MAKE MORE NEW HIGH Gold lovers gold will mire fily
🛢 CL OIL, H4 🛢 27 March 2024 Crude oil prices retreated from significant resistance levels as market sentiment remained tepid ahead of key events. Investors opted to shed high-risk commodities amidst lingering uncertainties. However, losses were tempered by concerns over potential supply disruptions, notably after Russia's directive to companies to curtail output...
💵 DOLLAR_INDX, H4 💵 27 March 2024 The Dollar Index, tracking against a basket of major currencies, held firm amidst a wait-and-see sentiment among investors. With anticipation mounting for the release of the PCE Price Index data crucial for gauging inflation and scheduled for Good Friday, market movement is expected to remain subdued. Despite the holiday, Top Fed...