Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Hi folks today I'm prepared for you British Pound analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and soon broke it, after which continued to fall to the support level. GBP some time traded near this level, which coincided with the support zone and soon broke it too, after which declined to the trend...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Pre-Market Plan - Friday May 10th, 2024
Market Direction
Its hard not to be bullish anymore.
Breadth
INDEX:S5FI 🟢1YR 🔴5YR
INDEX:R2FI 🟢1YR 🟢5YR
TVC:VIX (Inverted) 🟢1YR 🟢5YR
TA
AMEX:SPY 🟢Above the 50D 🟢3 Green Closes
TVC:VIX 🟡Steep Decline and has gotten very low. Careful
NASDAQ:TLT 🟢 Looks Bullish (Not my expertise)
Oil and Copper
TVC:USOIL 🟢Cup...
Bitcoin is in a tricky place right now. The fear and greed index has cooled off massively and now sits at a neutral score of 55. General sentiment is very poor and after nearly 2 months of sideways action traders/investors are getting restless especially after the promise of price rally post-halving, but is there any positive news?
The chart is pretty clear, HTF...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the downward direction.
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AUDCAD has completed the ABCD reversal pattern, a bearish divergence has formed, waiting for breakout of HL for a trend reversal. Therefore, a sell stop placed just below the previous HL.
I believe its bottomed out for this year, and with their latest earning report they have increased their margin against losses, expecting to become profitable later this year. Look at the RSI trend lines. Short term I would be looking at 20% increase in the next few days at least.
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring IMXUSDT for a buying opportunity,
IMXUSDT UPDATE
Bearish pennant Breakout has Already Done & Retesting is in Process✅
Expecting 40-45% Bullish Wave📈
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Anyway, AKT...
Falling wedge. Nuttin else to say here.
Only one question: 8.236 or 16.236?
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Hold my beer pls
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No financial advice, do your own research, don't be stupid
🔥We made long orders near the buying zone yesterday. If the profit is enough, we can choose to reduce the holdings and set breakeven, and then expect more in a low-risk way. Congratulations to all the friends who followed Wolf King to print money.💰🍻
🧠Next, if we continue to rise strongly and successfully break through the short defense point of the double top...
Hey there,✌
Toncoin ( KUCOIN:TONUSDT ) has demonstrated a remarkable upward trend, surging over 250% after breaking through the $2.50 resistance zone. While the price has encountered resistance at the $7.50 level and is currently trading around $6.00, key support levels at $5.00 and $4.00 could present attractive entry points for long-term investors in the event...
