Shiba Inu will definitely go higher later this year. Right now, we need to catch the bounce and ride the next wave to the upside. The 0.618 FIB retracement seems to be a great level to buy Shiba Inu, which is at 0.00002249. It's always important to do an Elliott Wave technical analysis for such pumps to stay in full picture. We need to see the full market...
Hello traders ,what do you think about GOLD? Gold reached the ceiling of the channel and the resistance zone of 2200 with its continuous growth. It is expected that we will have a downward correction to the specified levels. If this post was useful to you, do not forget to like and comment.❤️
#gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term. Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week...
Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 149.49, which is an overlap resistance. Our take profit will be at 148.31, an overlap support level. The stop loss will be placed at 150.56, a multi-swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
My analysis on USD JPY, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel: Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one...
Resistance with support level by Fibonacci. Retest breakout at $70,271. Cypher Harmonic three targets to as highest $78,295, possible target. ATR with percentage in price at 2059.7. Pips target is set to $ 73,732
I have to say that I almost finished my analysis but somehow my page got refreshed and it got lost.. So I will summarize what I wanted to say: Pattern recognition is important and are (magnified) copies, and following signs are bullish: * Compare the blue and pink rectangulars * we are hovering above the 200 ema * if we have a break-out of the pink...
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 2148.75, which is a pullback resistance. Our take profit will be at 21405, an overlap support level that aligns with the 161.8% Fibo extension The stop loss will be placed at 2159, which is a pullback resistance level. High Risk Investment Warning Trading...
ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy...
Bitcoin almost reached an all-time high, but not yet. Wait for it; it will go above the previous ATH from 2021 pretty soon! And what happens after that? A lot of people will start buying the new all-time high, the news will be full of articles, and retail trades will buy the peak. Whales need liquidity, especially on BTC, so they will trigger a massive crash after...
Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak. If it continues to repeat the...
The S&P500 (SPX) broke on Friday below the 4H MA50 (blue trend-line), which isn't yet a bearish confirmation as it has done so numerous time within December's Channel Up pattern. What would be a sell signal though, is getting rejected and fail to close a 4H candle above the 4H MA50 again. We will then look for the 4H MA200 (orange trend-line) and target Support 1...
BTC - MAJOR RESISTANCE AT 100K (MARCH 2024) I believe Bitcoin will face a significant resistance around $100,000 , although there can be fluctuations occurring along the journey.
It's time to keep a close watch on XRP, which is gearing up for a big move! If you're looking to trade XPR at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.631$ and take profits at the levels shown in the chart. Targets: 1. 0.65$ 2. 0.665$ 3. 0.685$ -------------------------------------------...
After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame. GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.
Etheruem (ETH/USD) could fall towards an overlap support at 3,579.27 which has been identified as a pivot point. Could price potentially break below this level to drop lower? Pivot: 3,579.27 Support: 2,989.64 Resistance: 4,045.80 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
USDJPY is in distribution phase after a strong move upward and will possible go into a downtrend as shown by the Bearish divergance on the RSI and the ranging zone of price.