Will it hold the triangle format? Let's wait and see. We also have a lower low, on the rsi, and an double bottom inside the triangle on the daily chart.
We can't know where is bottom. But in that point, it is good risk reward ratio already to buy for long term.
I think , Bitcoin breaks the triangle downwards and goes down to Moving average 200 midline channel and then moves upwards.
I still believe that BTC dominance will be strongly rejected from this 47% area as it did already a few times before, especially that Others.D paved its future floor at around 11.50% which is very critical for it and is the top of recent growths. BTC dominance target is the star at around 40%.
As it can be clearly illustrated from the graph, the price is ranging in a sideways moving rectangular box. After some consolidations, we would normally expect some serious impulsive moves. Zooming out and analysing the higher timeframe charts (Daily, Weekly, Monthly), we can observe that the price is rejecting and forming a top at the previous Lower Low levels....
It is interesting how the Bitcoin $BTCUSDT has changed the VPOC of the volume profile that it covers from the value zone that previously served as distribution, it is one of the conditions that should be met to consider that it may be an accumulation that could put the price back in the value area marked in the box. We will have to be vigilant in the coming...
GBPCAD is trading in a long-term bearish trend. The pair started to consolidate within a horizontal trading range in March. On Friday, the price finally broke its support to the downside and closed below that. I believe that it may trigger a bearish trend continuation. Next goal for sellers - 1.555 ❤️If you have any questions, please, ask me in the comment...
S&P 500. We can clearly see that price has some buying momentum, looking at our doji candle stick giving us a sign of trend reversal. Price broke our inner falling channel, with the current market consolidation price is showing some upwards momentum, Possibly heading to our resistance trendline for that magic touch, Apply proper RRR.
Hey traders, A lot of questions about gold. And I guess we all agree that the market is very stubborn at the moment. It looks like the market maker managed to fool everyone. Analyzing a price action on a daily, I spotted a horizontal trading range where the price is stuck at the moment. 1824 - 1837 is its support. 1866 - 1874 is its resistance. Next week I...
US30 Stock looks like this. first we looking at broken inner falling channel, whereas price shows the no return, after a strong impulsive move price is now consolidating, clearly signing a breakout/continuation, If you look closely you are looking at Bullish rectangle, and our Doji candlestick on daily Timeframe. My technical move is to the upside, wait for proper...
AUD dollar showing signs of short Trying to stay away from news due to NFP this was one pair looking ready to reverse -LarenzoYouDork </3
I'll do my best to leave the politics out of this. Mass shootings are in the spotlight again, and it would be obvious in hindsight to see a boost in demand and sales for security systems such as metal detectors. NYSE:GWW , who just teamed up with The Mom Project, had $13 billion in sales in 2021 and is a leading distributor with operations in North America,...
Stalemate, on the chart. Two 20 pip moves came after the open, but both in opposite directions. Looks like a boring day ahead. I'm going to sleep.
We are at a point which we can consider end of a correction (rectangular structure). So, basically what we should do next week is as follows: 1st: We seek for a green candle, which we can consider as a go-long-trigger, on 1h chart in order to open a long position. (or another trigger that you, yourself use in your own trades.) 2nd: The top of our gray...
As it can be noticed from the DAILY timeframe chart, a sideways moving range has been formed and the price is now located at the lower barrier of it. We will look for possible confirmations around this area before going long and aiming for the upper boundary of the rectangular box as indicated on the graph.
Multiple time frame analysis on Gold. Price action, key levels and thoughts. Your detailed trading plan. ❤️Please, support this video with like and comment!❤️
As we earlier discussed, GBPAUD is trading within a wide horizontal trading range on a daily. 1.7787 - 1.789 is its resistance. 1.717 - 1.727 is its support. Approaching an upper boundary of the range, the price started to coil and formed one more range. To short GBPAUD watch 1.7567 - 1.764 horizontal support. Wait for a daily candle close below that as your...
Hey traders, Analyzing a price action on intraday time frames I see some signs of accumulation and local indecision. The price is stuck between two structure clusters: 1865 - 1975 resistance 1832 - 1840 support. Next week, wait for a breakout of one of these structures. Bullish breakout of resistance (4H candle close above) may trigger a bullish continuation...