Here is a nice clean look at the key horizontals from the 27k - 45k price range, from when BTC was on its way up earlier this year... and how they look relative to where BTC is currently trading at. // Durbtrade
Bitcoin (BTC) Long-term & Mid-term Analysis As you can see Bitcoin tested Weekly support and EMA21 and so far a not-so-good bounce. still, the Weekly trend is not bearish. However Daily is starting to change of behavior because when BTC corrected from $58k to $50k, open interest rose up. On a weekly basis, if $45k breaks, the $38k ~ $32k range test would be...
CADJPY Rectangle Pattern
XMRUSD Monero Cryptocurrency
XAUUSD Pin Bar 07 APRIL 2021 12:00. Confluence is Pin Bar, Exponential Moving Average Period 10, Exponential Moving Average Period 20, Horizontal Support Resistance Key Level. Reward Risk Ratio is 3.19R 07 April 2021 Chart
Looks like Nasdaq is done correcting and looking up now as many stocks have corrected far enough and hit major supports. One example here is CRSP. It had formed a head & shoulders earlier which followed thru all the way to hit just $2 shy of its H&S target at 98 on 5 March. Bounced and then retested close to this support zone (which comprised both the H&S target...
On EURUSD, price failed to break the supply zone that we have around 1.19 and is going back up. Thus, we are only looking now for buy setups, and if the price reaches our previous support, which is now a non-horizontal resistance (green), we will look into lower timeframes for sell setups. If you like the idea, support us with a like and follow Trade Safe, MacroForex
This rectangle pattern on the W1 chart of GBP/CHF offers a breakout trading opportunity. The borders of the rectangle are marked with the yellow lines. My entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. Stop-loss can be set to the low/high of the breakout candle (not shown on the chart).
GBPNOK Horizontal Support Resistance