Potential bearish scenario to this asset. Price action is suggesting a further drawdown to the 239USDT demand region as the actual pullback seems to be accomplished. The reciprocal AB=CD pattern projection is reinforcing this idea, as a Head and Shoulders pattern is likely in formation. Thus, on this hypothetical 30m scenario, the price can made a ranging...
The price has been observed to form a double-top pattern accompanied by a significant bearish divergence on the weekly timeframe. However, it is essential to note that if the price surpasses the resistance zone, a potential upward movement toward 35k can be expected. Conversely, if the price breaches the support trendline, a decline to 23k is likely. Monitoring...
POLKAUSDT is preparing for downside ? As the instrument break the inclining trendline and also broke through the 100EMA , seems like it is further heading to downside.
As price was trading down a pullback was experienced after a strong BOS at price level 138.400 and 139.100,the initial pullback leg created sell-side liquidity(THE X LINE) when it failed to continue with a rally to the upside and then went on to fail to break it with two successive legs after liquidity was created .A trend line was drawn under the third leg that...
Observing the market for 2 years, when an altcoin is interesting to a big player, when reaching low prices for the asset, there is mostly a strong upward movement (means that it is selected). Therefore, it is useless to hope that this growth will be endless.
CAPITALCOM:DE40 Price on the 4H timeframe has almost completed its upside move to mitigate the bearish order block and take out the inducement level to signal a brewing downtrend. ENTRIES CAN BE EXPECTED NEXT WEEK OR TWO WEEKS TO COME. STAY PUT FOR UPDATES
SKILLING:NASDAQ As shown on the weekly timeframe price went on to take out our inducement zone and mitigate the weekly bearish order block with long and impulsive candles, this weekly analysis concludes that for the next coming months we can maintain a bearish sentiment unless willing to trade pullbacks which will be bullish. Price will be on an overall bear...
I'm expecting this pair to visit the green zone marked in the chart. I'm also expecting the pair to form DT there. there is also a possibility that the price start falling before reaching this zone( it's unlikely to happen, but expect the unexpected in financial market). So if you can add a sell position here, do it, other wise wait for a confirmation. Please...
Gold has a correction and will down for 1700. It will happen in peace of world.
Eur/jpy formed BT. I'm taking a short trade to the targets as shown in the chart. notice the bearish divergence of MACD. Be aware that this pair is very bullish, it may continue up from the first swing target. Have a safe trade to all!
If you like, you can take this swing short trade to the 4H Demand zone shown in the chart. the price is showing LL and MACD is showing bearish divergence. Have a safe trade to all!
EURGBP : BEARISH - Short Entry Price (Sell Stop) : 0.85158 Stop Loss : 0.85642 Take Profit : 0.84674
The price action is trading in the upper band of this micro bear flag, key level. Expecting a downward leg to the demand zone, as the ABCD reciprocal (0.382:2.618) is targeting the region.
its showing bearish trend as accompanied with LHs and LLs. possible entry location to profit this bear is as follow Sell Order (Entry Point) : 5.12 SL : 5.3 (0.06 under previous LH) TP1 : 5.29 TP2 : 5.30 Risk 2%
I think btc will start going down and tap that 20k region , after that a little push to the upside at around 22k before going down and tapping that 15k region.
The present circumstances clearly indicate that the closing price has descended below the 20-week simple moving average (WSMA), a historical signifier of notable bearish market trends. While it is acknowledged that the 20 WSMA is not an infallible indicator, observing its historical behavior reveals a consistent pattern of significant downward movements in price....
Able to look for another entry to continue the trend on bearish
looking short on euraud to looking at 200+pips. Hope this is impactful and make sure to get confirmation entry