After a very powerful acceleration, the price found a short-term resistance where it could take a breather. This has thrown a bit of fear into many people, I think it's normal. The tension is high and therefore in some cases the fear of lost profit or mental tiredness sets in. Holding a position open for a long time takes up a lot of energy, so it's okay to take...
The weekly close that the price has drawn is a good signal given that it closed above the previous high made with a shooting star, therefore the short-term retracement is over and we could see weekly candles of +10%. The market here is cleaning up some excess due to the rise and break of the previous highs at 49k USD, therefore in the short term or rather very...
I am bullish on this stock longer term as most everyone is but it's rare to have a clear short opportunity to capture the pullback - and with the 5day and 20day averages sitting so close this could be our shot. As always, keep you posted with more analysis as price develops! Happy Trading :)
✅AUD_NZD has retested a key resistance level of 1.0700 And as the pair is already making a bearish pullback A move down to retest the demand level below at 1.0651 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The SP has had a nice bull run the past 5 weeks. Now is hitting an important psychological and technical resistance at 500. It might try to break it on the upcoming days but I think it's going to pull back hard soon. I'm already taking profits I have cash sitting there until new opportunities come. I still have some long positions but I'm mostly in cash. Also I'm...
Hello,Traders! EUR-GBP made a rebound From the support of 0.8500 Just as I predicted and went Up nicely but will soon hit A horizontal resistance level From where I think we Will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
After pulling back & bouncing off the L2 in the end of January our next target is the L1 ( Major Resistance ) which is estimated to be hit in the coming weeks. From there we are looking at a 30-50% pullback before continuation to the upside. Sell: 3,100 - 3,300 Stop-Loss: 3,600
AMEX:SPY $640 long / short depending on if we get $505 pullback zone to short down to 489 we're expecting a 5-8% pullback have targets of 420s by end of year. made some levels based off the daily.
Hello traders, investors and community. Today i am analysing BTCUSD and what will probably happen next. In my chart we are looking on the daily price of BTCUSD. In my chart you can see the huge suppy zone right where we got rejected the last days on june 26th. This is a critical zone because we have supply there from the bear-market 2018, you see the BTCUSD price...
UNDERLYING PRINCIPLE: Divergence between Futures/Stocks/ETFs and their Relative Strength Index (RSI) can be used to predict a bottom or a top. This method is more useful in determining a reversal in overall market than an individual stock. To elaborate the principle let's assume the market is making higher highs but corresponding RSI is making lower highs....
Looking for a break on either side of the consolidation we are currently in so that I can get some indication on what price wants to do. Sitting on hands until i see it.
Polkadot is looking similar to Litecoin, where 200EMA is acting as a pretty strong rejection zone, which is pushing the price lower and lower with each touch. We are looking again for that lower zone (greenish) to be broken and a movement towards that target zone. Swallow Team
100EMA has been holding the price steady, so as long as we are below this 100EMA and bulls have no control over it, we should see further movement below this line. We are monetizing this coin and looking for any potential significant rejection to happen, which would lead the price to lower the target zone. Swallow Team
Observing the current market dynamics, it is evident that the price has recently breached a significant resistance area. Presently, it is in the process of completing a pullback to that same area. Notably, there is a robust order block situated within this region, emphasizing its strategic importance. Furthermore, the 0.5 Fibonacci retracement level coincides with...
KUCOIN:TAOUSDT had an incredible move up last month, nearly 2x from the mid-300s to a high of $480. We've hit a short term high, and seem to be in a consolidation phase. How low will this go? Well, if we look at the Fib Retracement levels from the start of this run up to the recent high, we can identify three likely entry points: $385 $360 $315 If you...
1. Institutions sell huge quantities here so that the market is pushed down. 2. For the second time, again Institutions accumulate selling pressure here. 3. There is a battle between institutional buyers and institutional sellers in the market field. 4. The winning is almost on the sellers' side. 5. But what we have to wait is the buyers to act on it.
day pivot + OTE ZONE long im kinda sleepy so i dont have the words right now. it's just that the market just ticked towards the upside and i'll probably lose the short entry i had last time, but hopefully not before allowing me to pick the market here first on this pullback(possible)
How's your 2024 been? OIL has rallied too high. Look for pullback or inside bar to go into this trade. When R:R = 1:1, take half lot off. Let the rest run. Aim 84.80. Good Luck