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LONG Term GOOG DCARe-entered the market after several months on the sideline waiting for longer term indicators to look positive. I believe this is a suitable spot to start DCA again into high conviction companies and stocks. High conviction in the company for the long term✅ Money flow on the monthly in the red ✅ RSI Oversold on the monthly ✅ Trading around significant support (@0.5 AT Fib)✅ Market Cipher on the monthly around the 'buy-zone' ❓* *Market Cipher not yet indicating buy, however, weekly green indicator with the above indicates the monthly buy-signal is near - hence comfortable to DCA as within my personal risk tolerances) ** NOT TRADING OR FINANCIAL ADVICE **
NASDAQ:GOOGLong
by Skook92
LONG Term AMZN DCARe-entered the market after several months on the sideline waiting for longer term indicators to look positive. I believe this is a suitable spot to start DCA again into high conviction companies and stocks. High conviction in the company for the long term✅ Money flow on the monthly in the red ✅ RSI Oversold on the monthly ✅ Trading around significant support (@0.5 AT Fib)✅ Market Cipher on the monthly around the 'buy-zone' ❓* *Market Cipher not yet indicating buy, however, weekly green indicator with the above indicates the monthly buy-signal is near - hence comfortable to DCA as within my personal risk tolerances) ** NOT TRADING OR FINANCIAL ADVICE **
NASDAQ:AMZNLong
by Skook92
ADA/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the ADA chart on a single day interval. At the beginning, we can mark with a yellow line, the downtrend line, which the price has overcome and is currently staying above it. Let's start by marking the support places for the price and we see that first we have a support zone from $0.38 to $0.35, but if the price goes lower, we have another zone from $0.33 to $0.31, and then we have a very strong support zone from $0.28 to $0.24. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that we have the first resistance at $0.41, then we have a strong resistance zone from $0.46 to $0.52, when we manage to break it, the next resistance will appear at $0.59. The CHOP index indicates that there is still a lot of energy to continue the move, MACD indicates the entry into a downward trend, while the RSI shows a rebound, but it still remains in the upper part, which may indicate a larger rebound.
by cryptodailyuk
1
GBPJPY - At a CrossroadHey there! Gj is my favorite pair, such a nice volatile pair to work with, but lately it's been acting pretty crazy, that's why I haven't talked about it so much. But, price is at an interesting spot right now. See this 160 level, it used to be a support in the recent past, and a strong one. It's been hit several times between last june-september. Then we had a squeeze short that went to grab all the 150.00 level's liquidity to go hit the ceiling at 170.00. We broke back down 160.00 last december and since then we're ranging, between 155.00 and 160.00. Since december, we've hit 160.00 about 5-6 times and now we're getting the 7th one. But this one is different, see, JPY has been really weak lately, and also, it's been more volatile than GBP. You can see this by analysing the last swings of both currencies, check it out : If we take last swing of each currency against the dollar we have : GBPUSD last swing from 14/02 tu 20/02 => 2.85% variation USDJPY last swing from 14/02 to 20/02 => 4.09% variation So, this means that, for now, JPY is more sensitive to dollar than GBP is, so JPY is weaker than GBP against the dollar. In other words, in a situation like this one, if USDJPY is going up, so is GBPJPY. In a previous analysis I was showing a potential rebound of USDJPY this week. If it was to happen I would look for a potential break of the 160.00 level but, I would really like to see the price to retrace a little bit before, to get a nice entry. The situation : 1) We're ranging 2) GBP stronger than JPY lately 3) We're touching the top of the range, 7th touch 4) There's a huge imbalance just above the 161.00 resistance, if price was to break it would be vaccumed up to 164.00 - 165.00 5) We're waiting on a retracement with USDJPY, and it's been corelated with GJ lately So, this one is not a textbook trade that's for sure. But, I know GJ, and right now, it looks like it wants to go get this 161.00 reistance. Ultimately, we'll let the market decide what it wants to do, and we'll be ready for what happens then Cheers everyone and happy trading!!!
Long
by aemerydufoug
Gold - Wanna Take a Breath?! Gold has been hit pretty hard by the rise of dollar since a couple of weeks. It broke the ascending trendline it was in since november violently, without retesting it, falling like a rock all the way to the 1800s. But now could be the time for a little push up. It could either be a retracement if gold wants to print a downtrend, in what case we would go up to make a Lower low or even a double top. Or it could be a continuation of the uptrend. Both are possible, but for now, I'm gonna play the uptrend card. The situation : 1) We're still officially in an uptrend 2) Price is at previous support 3) It pushed away from 1800ish level, 4) It's been approaching the support in a corrective manner, a falling wedge being a sign of a bullish reversal 5) It's rejecting the 50 - 60% Fib retracement level of the massive uptrend that happened between november and february 6) Pinbar on Daily, tweezers on H12, morning star on H8 This situation is pretty similar to the one with silver. It looks pretty scary to get into a long after such a sharp move down but, what goes down must go up at some point, and even though a lot of factors are pointing into the fact that gold is changing trend right now, technically, we're still in an uptrend, so price should obey to signals going that way. I'm going into this trade because it follows my trading plan, this isn't a matter of belief. I'm not sure what the outcome will be, and it might hit SL, but, the thing I know is that it doesn't matter. The simple reason being that, I have enought evidences in favor of taking a position, and, if I respect this rule everytime, then my outocme will be positive on the long run, so, doesn't matter if I'm right or wrong on this one, it matters if I respect my trading plan, and trade according to it. Plan the Trade, Trade the Plan!!! This was the last analysis for this week, I'm wishing everybody sucess for this trading week, and don't hesitate to leave your comments and opinions about my ideas, any income is more than welcome! Cheers everyone!
FOREXCOM:XAUUSDLong
by aemerydufoug
3
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line above which the price is moving. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support on which the price is currently based at $23740, then we have a strong support zone from $23245 to $22841, below we have support at $22199, and then $21337. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we have resistance at $24,049, once it is broken, we have a strong zone from $24,299 to $24,850. When the price moves up out of this zone, it will have strong resistance at $25,255. Please pay attention to the CHOP index, which indicates that the energy is slowly growing all the time, the MACD indicator shows the upward trend, while the RSI shows a visible rebound, which may give room for new increases.
by cryptodailyuk
Gold - Too good to be true?Hey fellows!!! Gold is still pushing down, On the lower TF we gat what looks like to be a couple of bearish flags breakouts going on. After gold has been trading in a tight ascending range all week, it finally broke the flag down yeasterday following US news, And today, it came back to retest the 1870 level and again, US news kicked in! So here are we now, breaking another flag, to, maybe, go get the 1830ish + level where gold could find some support, so that would be a great target, Reasons that make me think of a fall until the Target Area: 1) Gold getting a lot of selling pressure 2) It broke a bearish flag yesterday, and retested it today 3) It's breaking another flag right now 4) It retested 1870 with an ugly "not in the textbooks" inside bar on H2, nice wicks on H4, several engulfings on H1 5) 1870 was also the 50% fib retracement of the last impulse down move 6) the break of the mother bar in H2 is a signal for a sell, like were the past two H4 candles as well, Ok well again we will see what the market decides to do but hey gold, that a lots of facts that go in favor of a meltdown! Even just temporary, there's only one thing, the 1850 level is on the way. Price bounced on it once, so, it's gat to make it trought otherwise we might see another restet of 1870. But then after that, ther'es virtually no resistance all the way to the Target Area, knowing that there's an imbalance if you look left on gibber TF The whole thing about it is, is it too good to be true or, is it like sometimes it's just like in the textbooks? Market will tell :) Thanks for reading Cheers and happy trading!!!
FOREXCOM:XAUUSDShort
by aemerydufoug
2
BTCUSDT - Trading Range (Retest)2Hour Chart - UTC+1 My best effort attempting to draw a trading range that the price if currently retesting to enter back into the range. Will create a separate chart idea for a possible trading range should we continue to the upside. Trading range: Bottom 21,500 Top 24,300 and Middle 22,900. At the time of writing, possible retest of the top of the range. Not having yet hit the weekly at 24,295 could possibly be a signal for a front run however, levels between this weekly and daily levels above seem to be well respected. * The weekly was tapped. Nice reaction, lots a resistance above after recent daily action. Fibs: Fib Channel from low on Saturday 14 Jan at 11:00, to low Mon 13 Feb at 17:00, to higgh Thurs 2 Feb at 01:00. Fib Retracemet from low Mon 13 Feb 2022 at 17:00 to high Thurs 16 Feb at 17:00. Interesting level is 0.618 about mid of the channel including a daily an nPoc. Assumptions: All monthly, weekly, daily, and nPoc Horizontal rays act as support and resistance levels. Support when price is above and resistance on price action below. Fib channel also used for indication of past and present possible support/resistance levels. My bias: Bullish for a break to the upside. Plenty of price discovery above should the range be broken to the upside. Although bias I'm always trading the levels as they come.
by hmaroudas
Daily review of BTC interval 4HHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support at the price of $ 24,129, when the price drops lower, the second support is at $ 23,789, then at the price of $ 23,434 and $ 22,952. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. We will first mark support at $24,825, when it breaks, then we have second support at $25,300, then support at $25,741, and then support at $26,404. Please pay attention to the CHOP index, which indicates that we are gathering energy again, the MACD indicator indicates entering a local downtrend, while the RSI shows a visible rebound, but we are still moving in the upper part of the range.
by cryptodailyuk