XAUUSD Selling opportunity Appears in H4 Time Looking Price Action for Long Term Sell Risk and Reward Ratio 1:4
We had already broken an uptrend from around $3,200 to the present in September 2022. The price, which has tried to break this trend as resistance many times, has failed every time. What will happen now seems uncertain. If we can successfully move the price above the trend, maybe we have confirmation of the bull season. But until then, it's good to be very, very careful.
Chinese Internet stock Baidu more than doubled between November and early February. Now some traders may be eying its current pullback. The first pattern on today’s chart is the $131 area. It was a low on February 24 and again last week. Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA on February 8. That may suggest...
Shib after an initial rally off the PCZ of the two Harmonics to the left has pulled back towards the 200 Week SMA and Briefly Consolidated this level also happens to align with the 1.618 and 0.786 Confluence zones. The MACD will see be crossing into the green and if it does we can see this atleast go for an AB=CD Continuation Move from here but i think it's likely...
On the weekly time frame, prices have been respecting this major downward trendline levels, the last retest was December 2022 and now the price is back to the same key level momentarily ranging below the resistance level. since the trend is falling, we will consider going with trend to look for more short opportunities and that will only only if price action gives...
Price is likely to continue moving in channel, as it reversed at 130 with gap breakout from downtrend. Next target is 140. Here we are using dynamic moving average support called VIDYA (Variable Dynamic Index) by Chande Tushar of 7 periods from daily, weekly and monthly, of the opens. Weekly candle closed above 135, another indication it will continue higher in...
On today's CPI report, inflation rose 0.5% in January, which was higher than expected (according to CNBC ), yet the market rallied. With this rally, the market is hitting a supply zone, which was the swing high for two of the most recent swings. In the shorter term, it has also been seen that the recent rally has been rejected twice at the bottom of this supply...
CAT is now bottoming for a SALE just in time for seasonal construction and agricultural upticks. The long view is a long uptrend that started in September and ended with a lousy earnings report in early February. The beatdown is now ending perhaps for fundamental reasons including CAT has cash and down not need high-interest rate costs. See the chart for...
KBE is in the middle of a beatdown with two of the biggest bank failures in history this week. The share price action is reflecting overall distribution. The moving averages ( SMA 100 and SMA 200) are parellel and not crossing. Today, the price action had a little pullback on the drop and perhaps an early sign of reversal or at least the end of the trend into...
LINK/BTC Bullish divergence on daily RSI. Repeat of 2018?
Semiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research. The first pattern is the rising 50-day simple moving average (SMA). LRCX has consolidated in a tight range around that line during the last three weeks, a potential sign the intermediate-term...
Special analysis of Sol coin The currency trades the of weekly support, which is in a very strong collection area The next goals will be re -testing $ 27 In the event of penetration of 27 countries, there will be a strong rise to the areas shown in the green In the event of a break of $ 16, good luck leaves everyone
There is a resistance that is tried 6 times but not passed. The hanging man can be seen on the chart as a candle formation.If we do not see a close today and tomorrow above the 1.82688 level, we may consider selling.
Numbers: Entry📊: 0.66457 Stop Loss🚫: 0.66923 Target🎯: N/A Risk To Reward✅: Infinite Quick Summary: Price pulled back to a previous area of support which we were now looking to hold as resistance. We got a bearish entry signal from this area so we decided to enter short according to our plan. We have all factors like the fundamentals, sentiment and technicals...
Bnb has traded to a zone of terrible resistance, which it built by itself within the region of 324 -370 We can wait to take short positions as the trade can go lower to the 184 region and let’s see if it will break major support when it reaches there
Using the CCI indicator along with BMSB and the 200 ma I think now through feb of 2024 is a good time to accumulate. Based on the previous ath and market cycle it looks as if bitcoin may have bottomed. We will see a rise through the summer of 2023, before retesting the moving average(27K), roughly seeing a high of 45k. I would watch closing for the weekly close...
My time based theory is still in play, and with CPI print being released tomorrow, I think the probabilities are pretty reasonable that Ethereum is going to get extremely volatile, get close to one of these two key levels, and do so roughly around the date I have plotted with a vertical line. This theory is based on bitcoin having the same type of time based...
BTC could be setting up for a short term dump here as this bounce appears to be a corrective AR Automatic Rally . Notice the many upper wicked candles with candle bodies getting smaller and in the last few hours; very small doji candles printing. Also notice that potential SC Selling Climax found support on the 4 Hour 1000 Moving Average and now finding...