OANDA:XAUUSD Gold benefited from the FED standby and we're seeing a potential fakeout above a consolidation range here in green for now as it's acting as a Demand zone. If price action can manage to get above this range we could see a new up leg towards the previous Higher High Pivot at 2009. In the contrary a dip under that range will trigger a resume of the...
In the ever-shifting landscape of the cryptocurrency market, Storj (STORJ) has taken center stage with a compelling narrative. It's been on a mission to clear global sell side liquidity and seems poised for an upward trajectory. STORJ's strategy has often involved liquidity sweeps, signaling a shift in direction, and it may be gearing up for another significant...
Hi Traders! On 4H Time Frame, The EURUSD Failed To Break The Support Line. Currently, The Last Lower High is Broken (Change of Character). So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 1.06670🎯
The cryptocurrency world often surprises us with intriguing market dynamics, and today, we'll delve into NEAR and FET, two projects that have crafted similar fakeout patterns but may be charting different paths forward. NEAR executed a "sweep of the lows," while FET is forging a "double bottom" pattern, both aiming for a potential ascent to $0.55. Let's explore...
DUSK Network (DUSK) has something remarkable unfolding on its weekly chart. It has artfully painted a substantial bullish pennant pattern, complete with a fakeout move to the downside. Now, it's poised for a genuine upward surge. The key to entering this market? Patience and a confirmation through a flag retest. 📊🏴 The Bullish Pennant Emerges: DUSK has...
Solana (SOL) has been a hot topic lately, and for a good reason. It's been on a relentless upward trajectory following liquidity sweeps of key lows. What's more, I'm anticipating another liquidity sweep around the $17 level, which could ignite another round of growth. It's a reminder that liquidity is the fuel that powers price movements. 📈💡 Liquidity Sweeps Fuel...
XAUUSD Short time bullish trend. it could be drop from faky zone and continue for trend on the other hand it will be break all zone in 2 candle with side way and make new trend.
Watch NVDA at this opening reversal zone. Potential to keep dipping to 417 on a market-open fakeout. I will add more insight later. But watch this play.
CME_MINI:ES1! CAPITALCOM:US500 CME_MINI:NQ1! CAPITALCOM:US100 Hourly consolidating in a bear flag. Incomplete bear count and looking for a one more low for Wave 5 followed by a big bounce. Not a buyer of first bounce after the big sell off. One more low and stop out early bulls and trap late sellers and send it higher.
In this brief and simple analysis, I'd like to focus your attention on the interplay between the 55EMA (green line) and the 200EMA (purple line), on the 1D timeframe of the index chart for BTCUSD. In technical analysis, when a faster moving average crosses above a slower moving average, you obtain a bullish cross, when the faster one crosses below the slower one,...
✅CRUDE OIL is trading in an Uptrend and oil tried to break A strong horizontal resistance Level of 93.64$ but failed so It seems that the bulls are not Strong enough yet which Combined with the fact that Oil is clearly overbought makes Me expect a local correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hard to say what will happen next. We could see a false break out of the 430 level, or hit the 415 and then a violent rejection like it did before. But just by seeing the way it closed the past week, at least is going to try to break the 430 level, I expect more volatility that's why I protected my long positions selling covered calls. I'm not sure about a market...
You can enter the desired areas with capital management, and when you enter the specific support and resistance according to the ascending channel and the moving average line of 200, the probability of a decline is higher to reach this line.
Friends, I've been asked to give a comment on the BINANCE:CFXUSDT chart, so here is my take on it. I've made both: Wave analysis, that shows we're actually near entering into the last zone of purchases for the long term And analysed this descending wedge with the possible breakout (You can totally see most of coins are in the same position). I suggest you...
Ever noticed when the Bitcoin chart goes eerily quiet? It's like a still lake before a storm. But here's the scoop: this tranquility might not be innocent. In fact, it could be orchestrated by bigger players in the game. Enter the whales – major market influencers. When they create low volatility by steadying prices, it can make others think nothing big is...
Based on the weekly market structure the following statements can be made: - Following the previous 3 week's trend, we are looking at a classic market maker dump&pump scheme. 1) price is dropping on Monday and thuesday. 2) On Wednesday price normally makes a fakeout to the downside, trapping breakout traders 3) Market makers pump prices to the opposite...
I'm sorry but the target does not fit in to the chart. As you can see, the overall situation in the crypto market is not looking very healthy, We have here a very simple setup, we combine: - RSI Bearish divergence. - Uptrend with decreasing volume. - Failure to break major resistance of 2000$. - Bitcoin selling at less than 25000$. And for the...
This view of BTC comes from a background of Price action trading. Trading Fakeout's are quite common in the Forex market and have proven to be a cornerstone of my Trading Strategy. Fakeout's occur on all timeframes and take the market for an unpleasant ride. Traders Buy the breakout or in this case Short the breakout hoping to jump on the train and continue to...