Hello & welcome to this analysis In the monthly time frame a comparison between the period which happened between 2018 - 2020 and the current one from June 2022 till now suggests a lot of similarity in path. In the current scenario its taking support at the lower end of the channel and consolidating. if 17300 is held then it could resume its uptrend for the...
Continue to watch for short opportunities with USDCAD.
• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction...
Looks like Ethereum pushed through the top of the downtrend channel and is now headed upward.
Lucid hit resistance and is most likely going to continue the trend down as shown by the last time it reached the top of the channel. SHORT Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate...
The algorithm has found an interesting pattern in EUR/USD. Red in chart After the break of the previous channel the price has corrected a 61,8%, the fibo level but this is also the previous zone of supports and resistances. If that's not enough, it's also the last level with accumulated volume, if we move to 1,08 the volume disappears which would be the...
An update for the previous post. Just be careful of one thing... When the resistance is too obvious (the kind that everyone can see and is waiting for the same opportunity), the market is likely to shake some people out of the boat first. So it's safer to wait for the market to re-test the support (resistance turn support) after the breakout. **Not Financial...
BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. Between now and the yellow area, you can open a short position in two steps. TP1-2-3-4-5-6-7 are on the chart. The optimum stop-loss is above the determined area. Don't forget to risk-free your position. Please share ideas and leave a comment, let...
LET'S SEE HOW THIS CHANNEL PLAYS OUT. Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
Weekly volume is huge high and momentum is good. Analyse and trade with stoploss.
Both Short & Long ideas. Goog continue down trend. May bounce for few days then continue downtrend. Short near upper TL. Long at lower TL.
In the chart above I have provided a textbook example of what might be unfolding for PSNY. 1. Previously confirmed Supply & Demand channels remain intact. 2. Recent move to the upside can be confirming that a new HIGHER LOW which in turn confirms the floor for current trend. 3. Important for price action to stay above 5.50 to avoid an early retest of lower...
1. Price is trending within the down channel perfectly. 2. Purple color: The price broke below the horizontal support of the ranging zone (0 to 1). And using the 1:1 ratio strategy, TP price is expected at the next 100% level (level 2). 3. On the way to level 2, we may want to pay attention to level 1.5, where the level could be a horizontal support. 4. Orange...
GBP USD Short Trading within a downwards channel Short term bearish trend Approaching an upper resistance level RSI approaching 70
What we can see on the chart is a strong resistance and a support level that have been tested multiple times before. The lines are forming an upwards channel. The price hit the resistance, so we are expecting that the price will go down. The stochastic was overbought the previous days, now it is pointing downwards. How to trade: Enter the short position only...
Price has been holding inside this channel after big drop from BOJ rates/bonds announcement. If price breaks out of channel to the downside I believe we can see price @ 86.000. Goodluck to all, HAPPY 2023 !
China the top gold consumer said the travelers after 8th January would no longer have to go to quarantine. And as we can see since the open market the gold is on bullish. We can also watch the support has moved and the channel is making higher highs However the price coudl retest the 0,5 fibo, so we would put our SL little bit below from the 0,5 line
Siri is at the bottom of its trend channel. Expecting it to go back up soon, Good spot to buy now or $5.75 if you want more at the end of the dip, but trend shows this point might be going back up.