TA Technical Analysis Navigating the Waves of Bonk (Meme Coin/Token): A Technical Perspective In the vibrant and volatile landscape of cryptocurrency, Bonk, a notable meme coin/token, exhibits intriguing technical patterns worthy of a trader's keen eye. Presently, Bonk seems to be navigating through a phase of retracement, specifically within the Level 2 bracket....
Bitcoin is still dropping and showing further weakness here, even on today's daily candle. Yesterday we had a massive rejection, which led to a price close to $40,000 (which is the last support zone). We see the surge in lower zones to be reached, so we are very close to seeing that good drop happen (for which we have been waiting and getting ready for some time...
With the new weekly opening, we see another week (the last one) closing below the strong resistance zone at $45K. Resistance is holding strong, and the new weekly is showing yet further weakness. Sure, ETF news and rumours are putting some uncertainty into traders, but nevertheless, one thing is sure: wealthy people would benefit more from rejecting or postponing...
Nifty has been seen gone bonkers and making swift moments upwards, without giving any breather to option writers. India VIX too marching along nifty(as suggested in previous post). Here in this study, on the left, I highlight the fund managers' chart or Quarterly Chart of Nifty. With help of #Elliot wave principles, I have marked the #Fibonacci Extension level on...
We are looking at the TRX coin after seeing a very sharp rejection near 100/200 EMA and also on the upper side of Bollinger bands. With that being said, after a nice breakdown of EMAs, we had one clean re-test, which was successful and seems to be pushing the price lower and lower. We are looking for lower support to be reached one more time and potentially...
Uncertain EURUSD, but These Levels are likely Important Dear Esteemed Members, I know when I say the EUR can go up or down, doesn't seem to be useful, but I believe the outcome depends on resistance or support break and fundamental factors. As per the latest technical analysis updates, it is widely agreed that the EUR/USD exchange rate is currently...
Price is seen to be getting rejected while waiting on the upper side of the upward path. With price being stuck in-between the trend (blue line) and resistance (red zone), we see a high pressure forming, which as of now is not looking like the best one. With that being said, we are still seeing a nice correctional movement occurring here in the daily...
USDJPY price is currently resisted by the DAILY EMA 200 after a fibo retracement on the previous daily candle was done to a 50% discount. Price is expected to continue decline to retest the 4hr EMA 50 at 143.200 in the medium short term and possibly down to retest the monthly support at 142.00 on the expected decline of the USD index as i predicted.
Hello Traders, Following the New Year, the DAX has tempered its upward momentum. After the first significant correction in a long time, resulting in a 3.4% drop from the all-time high. The price has fallen below the 32 EMA and the 82 EMA on the 4-hour time frame, leaving it sandwiched between the 200 SMA and the remaining pair of EMAs. The last time these...
For the last 21 days, the price of BTC has been held back by that major resistance zone at $45K, which is giving us a small clue that the volume of buyers is decreasing, and with every new weekly candle, we see that they find it harder and harder to break that resistance. With the amazing pre-halving pump markets have had so far, we see the dominance of BTC...
Dear Esteemed Members, TSLA is mostly bearish within the resistance of the red triangle. As long as it remains below the trendline, bears can enjoy better risk-reward ratios. Some traders wait out the price's rejection at the falling line to open their short positions. Others wait for a confirmed breakout through the resistance to open a long position. Now, both...
Dear Investors, Chart Explanation I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the...
Integrated Analytics 💲 Unveil Dollar Trends Dear Respected Members, Speculators, and Traders, My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's...
Dear Esteemed TradingView Members, Environment In recent months, the Euro (EUR) has experienced a notable depreciation against the US Dollar (USD), reaching parity for the first time in two decades. This decline can be attributed to a confluence of factors, including: Economic Disparities: The ongoing economic challenges in Europe, particularly the energy...
We've spotted what appears to be a head and shoulders pattern forming, which is generally considered a bearish signal. The right shoulder is currently in formation, and we're closely watching this neckline. If the price breaks down through this neckline convincingly, it could confirm the pattern, suggesting a potential drop towards the major target zone...
We're spotting what looks like a double top formation with a neckline yet to be broken! If we see a decisive breakdown below this level, we're likely to witness a slide towards the $12 region, marking an approximate 18% descent. It's a waiting game for now, as a breakdown could open up a short opportunity. However, should there be a surprise shift and we break the...
Can you spot the bounce back? It's just lacking volume. Keep on Radar.
Sunday analysis. Seems like XRP is trying to break the first resistance which is the last previous highs (closer picture below). Price action looks like it would like to breakout and go 0.68 cents. Good Risk/Reward here. Ascending Triangles target is around 0.83 cents, 50% move. Price has respected nicely the 9EMA support (picture below) Check out my analysis...