FX:USDCHF is forming a correction after breaking the support of the uptrend. The dollar is in an unstable situation and in a phase of decline, which may favor the CHF, in which case the currency pair may decline. Globally - bearish trend. The resistance retest is formed and the price is not ready to renew the maximum yet and breaks the structure of the...
BINANCE:ETHUSD in the bullrun phase reaches the 4000 mark. There is not much left to ATH. On the hourly chart, there are preconditions that a large volume is being purchased in the coin in order to strengthen the price. When will we reach ATH? After reaching $4000, a correction is formed and the price tests local support areas. Two scenarios are possible at...
BINANCE:BTCUSD reaches ATH a bit faster than everyone expected. The correction reaches 14% after which the market actively redeems all the fall and tests the resistance again. Growing further? What is happening? It is not excluded that a fall is possible, because at least the normal reaction to global zones is a correction of 20% or more. I am not indicating...
We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a long trade. Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK! This is looking like a very yummy...
FX:XAUUSD has been trading quietly since the opening of the session, but after a strong growth the price starts to stop. 2195 - 2168 actual consolidation. It is necessary to follow the reaction of the price to the flat boundaries. The market today without news, trading can be quite calm. The dollar index is testing a strong support area, the shadow of...
FX:USDCAD demonstrates an attempt to change the trend on the background of weak USD fundamentals. The Canadian is strengthening on this background and this phase may continue further. Globally, the currency pair is in the range of 1.32 - 1.38. Trading is taking place between intermediate strong levels. Buyers are still unable to overcome 1.35, as the dollar...
Hello everyone, let's look at the 4H BNB to USDT chart as we can see that the price has broken out of the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $575 T2 = $618 T3 = $649 AND T4 = $689 Now let's move on to the stop-loss in case of further market declines: SL1 = $512 SL2 = $484 - $469 AND SL3 = $425 Looking...
We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
This is how I do a simple geometric Fibonacci projection... 1. Set up the Fibonacci projection 2. Draw an arrow from 0 to 1, clone it 3. Shift the cloned arrow to the bottom of the retracement 4. Mark out the level, usually at 1.618, and time frame is around that spot.
We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a long trade. Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK! This is looking like a very yummy...
Hello everyone, let's look at the 1H BTC to USDT chart as we can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = $69,694 T2 = $69,974 AND T3 = $70,333 Now let's move on to the stop-loss in case of further market declines: SL1 = $69,278 SL2 = $69,014 AND SL3 = $68,554 Looking...
We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a long trade. Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK! This is looking like a very yummy...
We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
Bitcoin has retraced the trend down from the January 11 pivot high. The retracement is 0.5 Fib level. The zero-lag MACD and dual TF RSI both show bullish momentum. I believe BTCUSD may consolidate here and then at least by the Luxalgo Echo indicator bullish continuation will restart. I see a good entry at 43800 with a stop loss below the 0.5 Fib level at...
On this 15 minute chart from the candlesticks, supply and demand zones are tool drawn. The resistance trendline and flat bottom form a triangle pattern. The Fibonnaci retracement tool is used to find likely targets which are also pivots to the left. The dual TF RSI indicator by Chris Moody shows both the faster 5 min and the slower 60 min rising over the...
NVDA demonstrated astonishing move for market-type stock, gaining more than +230% since Jan 2023. Is there any upside left in the mid-term? My analysis of the price structure suggest there at least on possibility for that in the mid-term, although... ... on Daily time-scale until price stays below 479 and Aug highs , I cannot rule out one more,...
In time W1, D1 is breaking after 649 days with the construction of three valleys, finally the supply area created by a candle. Therefore, with this failure, in the event of a pullback to the specified area, which is the range of 0.098, it will have the ability to grow to the next supply area. 🟩Sup: 0.098 ⛳️Tp 1:0.1580 - 0.1710 ⛳️ Tp2 : 0.2200 -...
ANKRUSDT 1D, Possible entry into Long ANKR price is close to breaking the resistance zone after 650 days of market volatility. Buy zone: Below $0.050 Stop-loss: USD 0.042