ENS is one of the most important altcoins for Ethereum. We can see that the uptrend is starting, and 2024 is going to be huge for this coin. We can see that at the bottom of the downtrend, we have a pretty long accumulation of whales. The price should not go into this range ever again. We have only 2 resistances on the way up: 0.5 FIB + major swing high and the...
ETH break the resistance with high volume. I will take a long position now with SL at 2100$.
CELH is in a base box on the daily timeframe, and nearing the top boundary. A short consolidation here could strengthen the next breakout event and lower the chances of a false breakout. Consolidation near the ATH level is then expected. A potential run to $78.50 is not impossible.
Reversal continuation to the upside Triple Bottom Pattern Reversal Look to ride the wave up Buy or Long risk reward 3 to 1
Bitcoin does not look good on the RSI indicator on the weekly chart. We have a bearish divergence! This is one of the strongest bearish signal that can occur on the bitcoin market. Also, Elliott Wave impulse (3) is complete. We are ready for wave (4) correction. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank...
After a strong bearish impulse, EURCHF was consolidating for 2 weeks within a narrow range on a daily. Yesterday's CPI report triggered a bullish reaction on the pair. It managed to violate the upper boundary of the range. I think that the market may start a correctional movement now. Closest resistance - 0.94 ❤️Please, support my work with like, thank you!❤️
Bitcoin is crashing after the BTC ETF launched on Nasdaq - iShares (ticker IBIT on TradingView). This is not looking good; the crash looks really strong on the 1-minute chart. Everyone bought into the ETF News, and now the whales are taking advantage of it and want liquidity at approximately 39k. Why 39? We can see multiple swing lows in this zone. I turned...
Analysis of the Canadian dollar in the short and medium term In general, the trend is downward and as long as the price can keep below its trend line, it can continue to decrease In the short term, the market fluctuates in the numerical range of 1.33200 and 1.34134, and this range is important for the continuation of the trend.
ETH has been trading in a range since the beginning of December, liquidating traders on both sides. Looks like the accumulation zone is finally going to break, leading to some great expansion in the form of another leg up. This comes on the back of increasingly likely BTC ETF approval.
Even though GBPUSD is trading in a bullish trend since October, the pair is in a deep consolidation, the last 3 weeks. The pair is currently stuck within a horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 1.283, we can anticipate a movement...
AUDCHF was consolidating for more than 2 months within a wide horizontal range on a daily. This week, the price managed to violate its support. It is a very important sign of strength of the bears. The market will most likely keep falling now. Next support - 0.5635 ❤️Please, support my work with like, thank you!❤️
Look to short the pattern Ride the wave down Rectangle Bottom Pattern Short or Sell
GBPJPY is trading within a wide horizontal range on a daily. The price is currently testing its resistance. On an hourly time frame, we can see how the pair was weakening after it started to approach the underlined blue area. After a strong bullish impulse, the price formed a rising channel. Test of structure triggered a strong bearish reaction and the price...
The 📈EURAUD pair experienced a consistent decline while following a falling wedge pattern. However, when it reached the support level of 1.6140, the market began to consolidate within a sideways range. Last Thursday, the bulls successfully broke through both the range resistance and the resistance of the wedge pattern. This is a significant indication of the...
l&t is trading in a rectangular channel. close above 3550, will give a next move towards 3685 a 4% upmove is expected
Nvda.. couple of reasons why this is a big level and high probability to be long (1) Divergence on RSI (2) Test volume VPOC shelf and held (3) Demark 9 exhaustion signal on daily (4) Gliding off the 50dma (5) Held 50% fib from most recent swing low and high (6) Back above the Main Pivot Putting this all together suggests there is a high probability setup here...
USDZAR some interesting developments for the Rand bulls. 50dma < 200dma (death cross). 3 lower highs forming what could be a potential flat bottom triangle with the base at 18.10-18.20. Some bullish characteristics here which could be shifting sentiment in favour of the bulls but it's still too early too call. Range bound between 18.95 and 18.20 now. A convincing...
ATOM, the crypto maverick, finds itself ensnared in a substantial horizontal channel, delineating clear upper and lower boundaries. Unbeknownst to many, this channel serves as a significant catalyst, propelling ATOM's price action with vigor. The strategic use of stop losses becomes the impetus for a potential surge, and the $20 mark looms on the...