Multitimeframeanalysis
DYDX - #DYDX $DYDXDear friend
I checked it in the multi-timeframe.
The price has in pullback and exists another support zone 8.1-8.3.
I think it can go up from these areas and could take 20-40% profit.
Resistances are clear.
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Do your research before taking any action or decision in the real market.
SHIB: Doing some good movements!Hey guys, this is Julie 😄
Let’s talk about SHIBA INU today:
SHIB is in an important region today, it has just reached the 21 EMA on the daily and weekly chart, which means that something good might happen soon.
SHIB has been falling since October, but it seems to have only been a pullback to the support level, which coincides with the 21 EMA.
On the hourly chart, we have an amazing bull trend, but I'm not sure we can trust it yet (unfortunately, I can't show the chart image).
We've seen SHIB doing this before, as you can see in that pink circle: the price closed above the 21 EMA, but the next candle formed a bear engulfing, and the price fell again.
So, because of that, I would wait to buy SHIB. It would be nice if it closes above this green line today, but I'd rather wait and see what will happen tomorrow.
And that's it for today. Thanks for reading my analysis! Please, support me with your like and subscription! 😊
Have a nice day! 😉
JICPT|GBPUSD multiple timeframe trading idea! Hello everyone. GBPUSD started to got my attention on the weekly chart as it reached my long-term MA(red colour) and 50% fib retracement .
So what's the trend on the weekly? Depending the period. Take a big picture, it's still in the bullish uptrend.
On the daily chart, however, we can see the downtrend channel got well respected. So, waiting for signals. Don't jump in to long.
On the 4H chart, I didn't see the trend reversal. As we know, trend started to change from small timeframes .
My trading plan is as below:
Bullish long setup: see signals on 4H and daily. Jump in for the pullback
Bearish short setup: daily downtrend continues with weekly key level taken out firmly. The next solid layer is 500pts away. We follow the trend and seek entry opportunities afterwards.
What do you think of my trade plan? Give me a like if you're with me.
Thank you for your support.