- On the daily Ethereum chart , a downtrend has been evident since March 13, 2024. - A downtrendline from $483.91 rejected the price at $3728.48 after a retracement from $3053.92. - The downtrend continued to $2807.28 before reversing and breaking the downtrendline to the upside on May 20, 2024. - The price closed at $3498.93 and is currently around...
Early Entry: After the breakdown of a Rounding Pattern formed since Sept 21, It has shown renewed interest at the bottom of a channel both on the weekly with a hammer candle and a strong bullish bottom shaved engulfing on the daily! Entry above daily close of 2375. Morning Star at the bottom... Safe Traders wait till Price closes above 200EMA or the Golden Crossover....
The Red Line shall act as the last defense to hold buyers. Should it be broken, no idea (218.396)?. This is just an idea and not indicating buying or selling at any particular prices.
Good move ahead for Nifty can hold the levels of 22470 and give a closing above 22522. Incase we get a closing above 22522 the resistances ahead will be 22587, 22658, 22730 and 22800+. In case Nifty gives a closing below 22470 the supports will be at 22345, 22246 and 22055. 22522 is however a strong trendline resistance and gap up opening and holding above it is...
Easy plan. A break of either the green level for calls or red level for puts. Range defined in-between.
S&P500 broke and closed above the resistance based on the all time high. It opens a potential for a further bullish continuation. I will expect more growth at least until FOMC on Wednesday. ❤️Please, support my work with like, thank you!❤️
Currently HAL is showing good volume buyers @ ATH, As BJP is going to win in General election 2024 and It's giving major Importance to defence sector once they win. Also technical Analysis is showing good positive outlook.
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on7th Oct 04 and TP 2 on 22nd June 05 - If we are looking for sells we take on until 25th may 05 and TP 2 on 30th april 2024 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for...
Gold surpassed and ended above its all-time high level today. The previously broken structure has now become a zone of demand, and the pair is currently testing that broken structure again. I anticipate an increase in buying volumes in that area, leading to a bullish trend continuing towards 2460.
The GBPUSD ended the previous week by testing a resistance cluster formed by a horizontal structure. Due to the strong bullish trend, there is a high likelihood that the market will break through this resistance. I will be looking for a confirmation of a bullish continuation with a 4-hour candle closing above the marked blue area. If this happens, the market...
KUCOIN:VRAUSDT Back at major support zone. Triple Tap looks interesting here, the support zone needs to hold. Watching for possible Fake Out / Stop Loss hunt for entry. There are multiple entry strategies you could use via LTF analysis but always manage risk. When I post, I always have Plan B which could be going in the opposite direction to another AOV or...
AVAX landed just north of our final take profit target of $30 from my last analysis, a perfect drop and profit after three pushes up in a bull trend. Avalanche has been sideways since, are we ready to go back up? How do we trade this? 🤔 We had three pushes up in a bull trend; the third push made contact with a major 2021 resistance area, followed by two strong...
Price hit the first level of resistance in confluence with .618 Fibonacci level If we can get a valid trendline retest around 1.09 to 1.05, there's a chance we can hit the below targets: tp1 - 1.317 to 1.37 tp2 - 1.437 to 1.50 tp3 - 1.556 to 1.60
The USDCAD formed a rising wedge pattern following a breakout of a significant horizontal support level. After a retest of the broken structure, the price rebounded strongly, breaking through the support of the wedge. It is likely that the pair will continue to decline, with potential targets at 1.3586 and 1.3559.
NASDAQ:CRWD reports out of season, June 4th. When outlined to eliminate the extreme price action, there is a clear sideways trend. This is a Dark Pool Buy Zone. When the stock moves outside of that zone, it recovers quickly back into the zone. The huge Black candle was a gap up by HFTs on the last earnings report, followed by pros taking profits. Along with a...
Hi everyone, I'm planning to open another BTC UP position on Fybit trading platform after confirmation on hourly chart. After recent price fall BTC is recovering again and ready to break 63300 resistance. I'm waiting when price will close above 63300 on hourly time frame and will open a long position with 10x leverage. First target set at 64400, Second target...
As I predicted today, Gold keeps growing. Analyzing a daily time frame, we see a confirmed bullish breakout of a resistance line of a bullish flag pattern - very strong trend-following signal. It looks like the price is going to retest ATH levels soon. Because the global trend is strongly bullish, we will most likely see its bullish breakout. If the price...
Current areas of support and resistance in Ethereum. Watching these areas for entry or take profits points.