Under H4 and D1 200 EMA. Looking to drop towards Daily and Weekly support Tp1-$1790.00 Tp2-$1700.00
Hello friends. It seems like BTC price started the day with a downtrend movement, and went directly to test the 200EMA on the 1hr Time Frame. Let's see if it can hold or reject.
- We've seen price test the 200 EMA twice recently and fail to break it to the downside. - The month is off to a very bullish start. Price is currently at a strong daily resistance. We might see price pullback then continue to the upside. - The monthly RSI just crossed the 50 to the upside. - MACD bullish crossover, downtrend dying down. Pls like & subscribe...
Fixed range volume telling similar story. But we have to be very cautious for both of the sides. As 'Fakeouts' may come to trap retailers.
Now you know what to do in this scenario.. Plan your trade according to risk management....
IT has taken a support of 200 ema it also take support on trendline it has taken a support on fibonacci 0.61% level
Butterfly completes on the 200EMA, strong support and and order block, I'm going to wait for price to reach this level and wait for the reaction but this is looking like a 100% short, especially looking at the HTF PA! Then targets would be the D point of the Crab which also land down in a strong support zone in January before more rejection!
ASCENDING TRIANGLE PATTERN FORMED!! Too many fake breakouts but Gave again one breakout!! Taking a pull back and can move again!! Do check volume!! Target= 666.25/670 Stop Loss=635/630 200 EMA GIVING A GOOD SUPPORT! (The above analysis is only for study purpose do not take it as any buy or sell call!!)
The chart shows the potential for some further sideways movement as a game of price ping pong plays out. Price seems to be respecting these two moving averages.
BTC regardless of what has been said in news etc. has no power to push price higher. Every attempt to go higher meets strong bearish candle. BTC is still trading in channel. In my opinion the BTC will try to breach 30k again in near future. It might be short lived but whatever will happen it should established some more reliable support . This chart for time...
Very simple setup for 2.6:1 Reward/Ratio. Let me point out the most important signals here and we have quite few on current chart: • 200 Emma stopped further gains against dollar • Followed by long bearish candle accompany with shooting star • 50% of retracement after mayor drop. The TP area is within the channel in which silver is traded for the last year.
Lower highs and lower lows --- broke under 200ema and retested as resistance, looks like we have room to go down further to the key areas pointed out. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY -- DO NOT TRADE THESE!
Nicely back above the trend line and back at the range low. If we can claim the range low again, there is a very big chance that we are going to look for the range high again as we will have made a deviation and what we often see after a deviation is that the price is going to look for the other side of the range. Let's go ADA
Polkastarter has been respecting this triangle since it's all time high, the price action tried many time to break it but ended up by failing and we can see a strong support zone has formed below the price. On the 4h timeframe, the 200 EMA happens to pass by this support zone and the price can be clearly seen that it has tested it more than one time but failed in...
#EURCAD: (1D): The price here has been consolidating in a massive sideways formation for quite some time. Last week, a fakeout occurred, trying to break the 200 EMA as well but failed, drastically changing direction within the next day. Bearish structure was also broken, confirming the potential move to the upside, making our bias bullish. (4H): Zooming in, a...
PFE is a strong candidate for covid-19 vaccine and ahead in race. #Trump announced "Vaccine will be available soon". Then what is stopping #PFE for moving up? As I mentioned in chart $36 to$39 price range is a strong resistance. I'm waiting for breakout. What do you think about this idea? Feel free to ask any questions regarding this idea. Like and comment on...
Expecting further downside on USDJPY - anticipating a reversal from the zone highlighted. We may see a push up to meet the descending trendline/a rejection from the 200 EMA first - I will be monitoring this closely over the NY session. A nice 200 pip drop to the July low could be achieved if this plays out to my expectations!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!