Here I lay out my trade idea for Wheat. Given Global Macro events, technical patterns and indicators, I see a long here. 3:1 RR 1% Risked. Let's see where this goes!
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Band is sill in accumulation phase (The real trend has not started yet] i have marked out the most important level from where price should see pivotal reactions. For now price is consolidaiton below pivotal resistance. daily close (weekly better) above this lvl would confirm a bullish trend imho. Based on Price Action alone we have a higher low and a higher...
Quarterly Charts looks awesome tbh but price is still below the 2020 all time high. i wrote the objective price targets in the chart. of course things can moons way harder than we can imagine but i like to execute in a more objective way instead of hodling. in the following i will switch to lower timeframes to get a better understanding of the pivotal levels...
strong weekly close in combination with an important Support into Resistance Flip. Send it. spot play, no leverage
LONG Spot play Reasoning: >long accumulation phase (sideways consolidation) >breakout should hold because it already consolidated for some time. >cycle is just starting
clean S/R Flip IF the Weekly close will close like this.
Trendline: broken Market structure: needs to break 85$ on a weekly timeframe to confirm Shift in Market structure. From there is any dip on lower timeframes a buying opportunity with an objective target till 160$
Support way down btc pumping is bearish for alts
reupload with bigger font
The edge lies in between the structures of higher and lowe degrees lads and gents
Although the xrp supply is big and some big guys are dumping their coins in the market (non stop) i can not ignore the current state of the altcoin market in relation to XRP. 🥏For the newcomers to technical analysis: in contrast to 90% of TV analysts, I have built up a skill set through 1000h+ chart time and mentorship from major names in the scene that has...
possible reversal -> diagonal break -> back in the range -> HH within Range conservative = Daily Close above Supply Zone aggressive = anticipating HL around lower grey zone
Hey bros, pretty sure this is one big temporary distribution range. red line = Higher low that was established since weeks! Prixe seems to make the 3rd daily close below that higher low which why I think this is no bullish consolidation any longer.