Hello I hope you,re fine. After the price increase that happened in Bitcoin, Rune was able to get out of his downward channel and take an upward position. In a more logical way, I will wait for his pullback to end at the exit point of the channel, and then you can enter according to this position. ....Observe Capital Management.... ...
This week, it would be ideal to wait for the descending channel to break on the weekly timeframe! Today's close of weekly candle would likely assure that the channel has broken and therefore by next week we can take a long trade based on ideal 1:1 risk to reward ratio. Today's NFP report if it goes in favor of the USD, we might actually also witness the AUD slip...
Bottom range. We had deviation to upside and downside. Falling wedge -> rising channel. Pullback to Point of control, while also forming a deviation of rising channel. RSI hidden bullish divergence. -> Long here. Targets on chart. Tight invalidation. -> daily 55Ema potential resistance -> short
It appears though Tilray, TLRY on NASDAQ is trading in a descending channel. A bounce to the downward sloping resistance of the pattern is expected near term, the company is a pump machine with the PRs, Irwin has his eyes on more than Hexo, so in my opinion, the company will continue M&A, and has the rights to change the terms of agreement with Hexo pending due...
$Near rising channel + falling wedge Upside deviation -> Downside deviation Upper grey zone for swing shorts. Low time frame dips are relative safe longs imo.
Looks like we are in a impulse wave of an Elliot wave count. Starting the impulse from the bounce off of .886 fib at 34332. You can see we were in a nice channel when we put in the potential 3. Price dropped out of the channel and then back tested the channel for a drop. This could be the potential 4 going up to 5 to complete the impulse wave. If so we can go...
BTC started a new ATH,at this time btc kiss down line of the chanel and back to countinuing btc way for kiss a new ATH. so btc = 40400 usdt or btc= 41400 and comeback . btc cand break chanel after that we can get long position. we have a good position for MA50 and MA 100 and after that MA 100 with MA 200.have a good trade.
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
The market cap hits the bottom of the canal and can go back to the middle line of the canal.
BTC is testing support and trend breakout. Watch daily candle close. If 42 holds then that should indicate further bullish action. Squeeze 1D wants to move up and it looks like it may if 42 holds the close. Good Luck
The bull case is still in play as AMD although down considerably from 165 high , is still holding strong support at 100 and currently trading above its 200MA AMD has been building next level of support at 113 with a recent thrust to 124, which makes sense considering the 200MA is a VERY important level for the bulls and bears alike. So long as AMD holds 100 ,...
Looking forward to a bearish impulse if ever price completes the ascending channel structure by hitting it for the third time while forming a double top.
The sell model is well labelled in the chart.Target is 0.71000
Hello traders: Last week we have seen some volatility in the market, and looks like due to the current global events that are happening, we could see some strength in the safe haven currency across the market. Of course still follow a plan to enter according to your perspective and view. Here on GBPJPY, we can see price on the lower time frames (LTF) has...
Hi traders: Last forecast and analysis on NZDUSD, we did see the bearish push down from the price, but similar like AUDUSD, we didn't see the price continue down more. Instead, we see price correctively move up again in a correctively ascending channel. Latest development we saw some reversal structure within the ascending channel. Now we can wait for...
Hi traders: Last forecast on AUDUSD was able to pushed down the price to the previous lows, but didn't continue down further. After some corrective price action, the price moved up to the top again. We see a lower time frame double tops, and an ascending structure, looks clean for a possible bearish reversal again. Watch for price to commit to the downside...
Since COVID-19 crisis eased around the globe from last year, we have seen a RISK ON mood in the markets thus propelling USDJPY to its recent highs! However at the moment the crisis between Russia and Ukraine has given this pair an excuse not to go higher. The safehaven status of the JPY is preventing this pair from heading higher and therefore we can assume its...
the EURUSD price is in descending channel pattern and is near to the DAILY support line 🔥 i predict a bullish move 📈 i'm waiting for support touch & breakout (buy confirmation)🧐 if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!