Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Breakdown
1. Note
2. Contents
3. Research...
i believe downward momentum will continue on this pair, possibly for quite some time as the trend is relatively new. i used the pivot levels, and the previous low to determine my take profit 1 and 2, as i split my lot sizes in half to have two entries. i entend to close one of the lots at tp1 and move the other to entry at the same time. Tell me what you think!
Price is still making its way down back to bottom of daily pennant / trend line. Where S1 and S2 is marked.
Marked are possible pivot and small trend line areas of possible support and resistance.
Possible Pivot areas marked using pivot traditional indicator (15 min for intraday pivot levels).
4H has buying pressure and currently forming a W. If pattern holds looking for 152.600.
If price continues down looking for strong rejection from one of the support levels near the bottom of the daily pennant.
A strong upward move is expected on the Cardano chart. The reflection from the bottom trend line of the triangle really indicates the tendency for the price movement upwards.
On the other hand, we are just below the strong price level, where we meet weekly Pivot point and daily Pivot point. This is not common and we definitely need to be careful.
However, we will...
+ Trend still bearish for now on EURUSD.
+ Price is below bulls/bears pivot zone.
+ Down move is expected to target last support.
🗽 Trading idea : Sell from current levels to target support at 1.1945.Put stop loss above 1.20.
✖ Forget sell orders if price close on H4\daily above 1.20.
AMD pivot breakout on above average volume. Volume was below the average and declining during the consolidation. It is under the moving average but price action is looking strong. Nvidia is leading the way at all time highs after breaking a long term base and I am looking for AMD to start following in the same direction.
Entry: $82.92
Stop-Loss: $78.95 (-4.78%)
Lyft is doing a nice pullback right now, in the 30min chart. The 20 is pretty close, but since the BB are so spread open, I believe it’ll move sideways for some time.
The 60.26 is a pivot, and if Lyft breaks it, it’ll do something good.
The problem is the RSI in the 4h chart, showing a bearish divergence + false breakout from the top area at 59s. This is...
Using the daily pivot and fibonacci levels, my current target for bitcoin is 18k. You can see the previous pivot line in blue which can be used to find targets based on past support/resistance levels. This 18k level also has confluence with the 1.618 fibonacci extension based off the first wave down from the top.
Contract - CME_MINI:NQM2021
- PR High: 13213.25
- PR Low: 13181.50
Evening Stats
- Gap: = N/A
- Session Open ATR: 250.52
- Volume: 19k
- Open Int: 225k
- Trend Grade: Retracement
- From ATH: -6% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 14104
- Mid: 12530
- Short: 12598
Keep in mind this is not speculation or a prediction. Only a...
Hi guys
i see blz/usdt binance chart on 4h timeframe in an intersting place
but it can correction more also it can go to intersting prices
and it has low marketcap so the risk of this position is more than others
also it could get effects from btc easily
support and ressistance lines are visible in the chart
i will be happy to read your opinion and if you...
