An update from the last video explaining what the current chart prices of USOIL are saying and showing us. PRICE IS APPROACH KEY MONTHLY AND WEEKLY SUPPORT RANGE.. PREPARE FOR YOURSELF WITH TWO OUTCOMES of the scenario as explained in the video below.
On daily chart
After broke out 1280, COINBASE:ETHUSDT is accumulating around 1350.
You can see three resistances around 1600.
We can trade in lower timeframes.
Let's wait and see
See ETH chart for very nice measured moves (MM). Great TL , TCL and midline examples and a successful range break example (most fail). This one likely succeeded due to bigger dominant pattern - coming off lows and we have an idea where we are headed. Will that UPPER TL hold?? See linked charts for more PA information.
BTC is a chart we can use to look at price action as a compliment to the original PA post earlier using $BABA. All the info is on the chart. See linked idea to first basic chart using BABA chart.
FOREXCOM:XAUUSD
According to the chart above, the price of gold has hit two resistance ranges in the daily time frame. It is expected that it will fall from this range and reach the specified goals. If the analysis is correct, the price targets can be $1,690 and if the price continues, it can be $1,630 . Also, if the two current resistance ranges break...
Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 24,450, if the support breaks down, the next support is $ 24,362, $ 24,292 and $ 24,226.
Now let's...
Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving above the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 23,743, if the support breaks down, the next support is $ 23,528, $ 23,365 and $ 23,198.
Now...
BTC as planned yesterday went a bit down and then bounce. 150 dolars higher than expected but as i was saying before that from this area we can see 28k in couple of days, probably will happen. For now:
we have hidden bearish divergence on 1h chart means we can touch base line for more up movement, maybe there is good spot to reenter long. 23700 looks like hard...
Analyzing by Daily timeframe, we're in the good point and Bitcoin continue down. What we could to expect it's that Bitcoin continue down and then break-out this chartist pattern to the downtrend direction. I found out that measure the forecast we can to predict that the next goal it's to reach down to $14,600 USD next target to short. Also, I change my past...
I am expecting some downfall here and I expecting BTC will retest 18k zone again in coming days. If BTC will do, then I will be happy to open my swing long position there.
Trade values is given below
Long @18k-17k
SL @14.5k
TP @35948
I hope you will enjoy my thoughts about BTC.
Stay Blessed
And
Keep in touch
I personally think the prices given in the chart can be potential points for a retracement.
Here are the reasons:
The downtrend wave is going for its third motive wave which can continue to the 3 prices given in the chart.
Fibonacci channel and retracement showed that the 3 prices are the primary potential points for a long position.
As you see, the demand...
EUR/USD is still bearish to complete the WAVE 5. The market is showing some price reactions like a reversal.
Traders should look for a perfect entry to start with the inner wave. Good luck
Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Hey traders, in today's trading session we are monitoring Cardano for a selling opportunity around 0.54 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
XAUUSD Technical Analysis 22.07.2022 1h chart
Previous Daily candle closed Strong Bullish above the most recent Daily Resistance forming Support at 1697.800 breaking the previous Daily High and Low.
Buys on close above 1720.300 targeting 30min Resistance at 1727.700 leaving Runners to 1h Resistance at 1732.300 and price could potentially tap the Daily...
EurCad is creeping up for the textbook trend, and the pullback being right at the .618 fib retracement.
Don't take the trade the second it reaches the level (if it retraces), look for rejection and certain candlestick patterns.
In the long future, I would like for price to pull all the way down to the 0 level (bottom) of the fib, and make a double bottom and...
Hi Traders,
As we are noticing a bounce in the forex market and as we are thinking the bulls might be coming back to start doing some damage control, we have to remember to zoom out to see what the real trend is.
When in doubt, zoom out.
On (EUR/USD), In the daily time frame, the price has been stuck in this descending channel since the end of January. Price...
