closing above this support line will see meteoric rise. Need to keep a track on it for long position.
General outlook for SP:SPX The overall market trend is still downwards and I expect that we will see more in Q1 downward pressure due to adjustment of earnings and the higher and higher possibility of, at least, a mild recession in the US and EU. The FED will tighten the monetary policy further with one or two rate hikes of 25 bps in Q1. Furthermore, QT is...
A descending impulse is finished in the form of wave A, after which we can expect the completion of wave B.
With the price at tenkan resistance on 3D tf, need to keep an eye if it breaks above than next is 1376. Remember these small hike in price is not the start of BULL Run. Wait for the moment.
It seems that gold is still in an upward trend. The area shown as a box in the chart is the right area to buy.The numbered blue lines show important support areas whose intersections occur in the buy zone box. Be sure to enter the buy position with the right strategy. And log in if you see purchase signs. Traders, if you like this idea or have your own opinion...
4H INDEX:ETHUSD Ichimoku Analysis Lagging Span is above Price and Cloud and rising Conversion Line crossed Base Line and both are rising Price is above cloud Additional Indicators ADX is rising MACD is bullish 4H Resistance / Support Zone Resistance between 1225 USD and 1232 USD Support between 1185 USD and 1180 USD Long Idea - When...
Weekly: Kumo flat, thin Price break Tenkan-sen Kijun-sen flat Chiko-span in candles Daily: Kumo flat Kijun-sen, Tenkan-sen flat (cross) Chiko-span broke candles H4: Kumo down (thick) Kijun-sen down Tenkan-sen down Chiko-span below candles Kyushu Ashi analysis: Daily: far from daily candles => can down till next Kihon Suchi (12 Jan 2023)
With solid Kumo cloud resistance, #BTC needs a hefty volume to push it above. Till then, if I see a bearish kumo crossover again, than SHORT.
Hi Traders We can't say much here! As always history has shown us when a new drug goes on the market we have 3 scenarios: 1 we're going up (green path) 2 the medicine is not good we are going down (red path) 3 we don't know what the medicine is like until many people take it let's go sideways (purple path) with all that is happening at the moment we are...
Is that a bullish crossover on last day of the year and a month? Hope to see good things in the coming year ahead.
Let’s have a look at the BTC/USD 1 week chart and see what this chart and indicators are telling us. BTC is still in a massive Falling Wedge Pattern. BTC is also still in a massive Ichimoku Y-Wave pattern. Note that the 50MA is still traveling DOWNWARDS towards the 200MA so we still might see a Death Cross on this 1 week timeframe. At the moment of typing...
$XRP is a scalp long at the moment with a tp at 0.3867.
Opened a short on $DYDX. TP will be 1.4 & SL will be daily closing at 1.74
If the closing remain in or above the support box, then we would have a good first quarter run on the same as there is a bullish kumo crossover in the making.
Kumo bullish crossover happened, will wait for bullish tenkan/kijun crossover though for a good 20% Run.
Daily: Kumo flat Tenkan Kijun flat Chiko above candles H4: Kumo down (Kumo quite thick) Kijun down Tenkan flat Chiko below candles =>Take H4 to trade Price is in daily bearish Kyushu Ashi price mostly likely will down or sideway until next Kihon Suchi (30 Dec 2022) Entry in LTF if price break the short-term range
With Price above the tenkan now, longterm prospect is looking good here. Support level is still critical invalidation for me here. Could see a drop till 16.6k before a bounce towards kumo cloud.
if bearish Tenkan/Kijun crossover remains after todays closing than, this will not be a good sign for #BTC Only hope is till lagging is above the price.