As of my last post after reaching 0.00001500 range yesterday I expect the price to go back to the 0.00001250 range later today, with major exterior factors/news covered and Ethereum ETF approved but trading only starting mid June I can see a short term correction on the way. This is not financial advise just my own analysis
(if we are lucky ofc) The network is pretty much unusable right now for regular people. A Rich man's chain. Either way the ENS chart presents a potential inverse head and shoulders that has a large log target reaching back to previous high's makes sense to me.
Price formed a complete 3 drive pattern with an engulfing on the 4hr signaling a drop. We also have a break of market structure on the 1hr which support my short bias.
Hello everyone! #IMX, I dare to suggest that a head and shoulders technical analysis pattern is forming on the chart. It can be observed that the price reacts well as it approaches the 0.786 Fibonacci level. In this area, the left shoulder was formed and now the right shoulder may be forming. The neckline is at a strong Fibonacci level of 0.618. The price...
Good volume accumulation indicates strong financial+consistent 4 good quater results indicates business growth+ 50EMA support on technical basis
Hello,Friends! GBP/USD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level...
S&P 500 Analysis: Good News is Bad News Yesterday, S&P Global reported its Purchasing Managers' Index (PMI) values for the US, which exceeded expectations. According to ForexFactory: → Manufacturing PMI: actual = 50.9; expected = 50.0; previous = 50.0. → Services PMI: actual = 54.8 (the highest value since May 2023); expected = 51.2; previous = 51.3. However,...
This possible scenario would involve : - The chikou span (lagging span) to get above all its obstacles (see the red arrow at the left) - The prise to cross the kumo (Ichimoku cloud) (see the red arrow at the right). That gives us a target of around 70k usdt. As long as the chikou span does not cross its obstacles then we have a non-trending bitcoin against usdt.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been overall bullish, trading within the rising channel in blue. Currently, BTC is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a structure in red. 🏹 Thus, the highlighted blue circle is...
It seems that an ascending triple bottom pattern is forming and it can be completed by crossing the red resistance arrows
24th May DXY: Consolidating around 105, break 105.10 to trade up to 105.50 (needs to stay above 104.80 to remain bullish) NZDUSD: Sell 0.6070 SL 20 TP 75 AUDUSD: Sell 0.6610 SL 20 TP 50 USDJPY: Buy 156.95 SL 25 TP 70-100 GBPUSD: Sell 1.2685 SL 30 TP 40 EURUSD: Buy 1.0830 SL 30 TP 60 USDCHF: Sell 0.9125 SL 30 TP 50 USDCAD: Wait for now Gold: Wait...
It seems that an ascending triple bottom pattern is forming and it can be completed by crossing the red resistance arrows
BTC is losing bullish momentum again After BTC reached 72K which corresponds to a strong zone we can see the price moving down. SO far BTC is showing a decrease in the bullish momentum thus raising the chances for another bearish wave as explained in the charts. Many can be bullish and it may rise again however this is what BTC is showing with the current...
Price is bouncing from a weekly zone signaling a trend reversal. I have a clear trendline on the 1hr combined with break and retest kind of a setup.
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Gold been bearish for the week still looking for selling opportunity
Hello everyone! I see a good entry point on #TIA. If we look at the chart, we have a descending trend line, and if it breaks and consolidates above the 0.236 Fibonacci level, we can catch a price movement towards the 0.618 and 0.786 Fibonacci levels.
BTC Two Scenarios We are approaching important support zone. And we are approaching support trendline Hope we will bounce up from support and trendline.