Good Morning Traders! Allow me to share my expectation on AUDCAD, Current market has been consistently forming HH-HL indicating bullish momentum, last week we anticipated a mitigation of the internal structure POI, which swept LQ then resulted into a new HH being formed. Well above all else structure comes first, currently the price is within a bullish leg and...
On the daily time frame, a sideways movement has been forming since April 9th. The buyer’s vector 4-5 reached a new high. The key candle of vector 4-5 was on May 20th and is located at the top (highest volume, "tKC" on the chart). The seller absorbed this candle, and now the seller’s vector 5-6 is developing. The first target is 2326.515. On the hourly time...
On the above monthly chart of BNB token there is easily an hour of topic to discuss. However attention spans amongst the equity providers do not afford a detailed explanation so the short version.. 1) Price action is in a legacy uptrend channel since inception with a confirmation of uptrend continuation (unlike LTC). 2) Price action is at resistance after three...
On the above weekly chart price action has corrected 80% since late 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms support on past resistance. 3) Trend reversal. The first higher high / higher low has printed since 2021. 4) A pennant formation with confirmed breakout. A reliable...
Weekly Analysis: Analysis/Bias remain the same as last week's analysis dated 09 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not...
I'm finding myself gravitating more towards this crypto over Bitcoin, and that's mainly due to Ethereum's price. I'll explain my chart along with what I'm anticipating. What am I anticipating? Price is currently breaking a key lower-high on the weekly, which happens to also be the same area as the monthly (key) lower-high. Once that bull candle closes pass those...
Daily Timeframe Analysis: The price formed a sideways movement on the daily timeframe starting in February 2024. The buyer's vector 8-9 reached its mandatory target, and now the seller's vector 9-10 is relevant with a potential target of 3301.9 (the upper boundary of the buyer's zone, which was formed at the base of vector 8-9, indicated by the blue rectangle on...
On the daily timeframe, the sideways movement that began in March continues. Yesterday, the seller pushed the price back below the upper boundary of the range at 645.2. The closing candle had a good spread and volume, confirming the seller's strength. The current seller's vector is 9-10, with a potential target at 508. The nearest obstacle for the seller is at...
Hello Everyone! How are you all? AudUsd is a pair to watch this week, because it is shaping up very nicely for a bullish trend continuation that we can capitalize on. So, I will be looking for a bullish continuation because of the following reasons: 1. The overall trend is bullish. 2. The price has formed a large descending channel which is a bullish...
Bullish Bias. Last week closed in a red thr dollar has really fought back against other currencies. In the Coming week of 17-21 June, price having tapped into the W1 fvg, will be waiting for price to sell off a bit before closing bullish on the weekly. Multiple news events to be watched closely. Have a great trading week. Vamooooos!
On my analysis, Bitcoin will go down to my target. Trade at your own risk!
Here we have an analysis for Ethereum in 1H time frame. we can consider two scenarios. Bullish Scenario: If ETH breaks above the immediate resistance (PA) around $3,700, it could rally towards higher resistance levels at $3,900, $4,000, and potentially up to $4,400. This is depicted by the black projected path, suggesting a continued uptrend. Bearish Scenario: If...
On the above 1-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Broken price action and RSI resistance. 3) Price action is testing past resistance (green line), look at the weekly chart below. 4) Price action has corrected to the golden ratio (see weekly chart...
On the above 2 month chart price action has grown 1300% since the 2007-8 correction. A change in direction is now on the horizon for Texas Instruments. 1) Support and resistance. The yellow arrows point to 15 years of price action support. That support has now failed. 2) A trend reversal in the RSI oscillator is clearly visible. This is bearish divergence. 3)...
On the above 5-day chart price action has corrected almost 80% since the 500% move from the previous idea. Now is a good opportunity to go long. Why? 1) Price action and RSI resistance breakouts. 2) Trend reversal, higher highs and higher lows replace lower highs and lower lows. 3) Price action finds strong demand on past resistance. Orange circles. Look...
Since August of last year price action has risen to provide a 1700% return as forecast (long idea below). A number of reasons now exist to appreciate long risk far outweighs reward. On the above 8 day chart: 1) Price action has arrived at legacy resistance in the uptrend channel. Look left. This is also true for the FET.btc pair (below) 2) As with previous...
Overall price is still bearish on the monthly and weekly, EU appears to be making a run to go bullish for a bit. Price has currently broken the Daily High from 4/8/24 BUT is bumping against a bearish weekly trendline. The Daily has made a nice impulse and is more than likely finishing up a correction to go into a bullish continuation. Price is a good 88 pips from...
Price has broken the trendline and has now retested on the other side with a hammer forming as the market closed. Looking for price to continue bullish into next week. Keep in mind that price could very well break below the trendline again to form a M with the double top that is possibly forming as well. BUT I'm leaning more towards the buy because of price...