NYSE:TK Please correct me if I am wrong. I am just a beginner What I see: - 8-4-22 We broke out of a symmetrical triangle. - The breakout occurred on above average volume. - The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become...
The move for the inverse head and shoulders pattern has almost completed and at the peak of its full move there is a double top.
1000SHIB is repeating the rectangular pattern as it did from June - October 2021 on daily timeframe. Keep an eye on it after breakout we will see the same huge uptrend. For quick profit, buy at the support (red) of the rectangle and sell at the resistance level (green) with a tight stop loss.
Natural Gas correction after reaching $6.70 looks likely
As stated on a previous Idea, BTC/ USDT is trading on a Modified Schiff Pitchfork since 2020. BTC/ USDT is currently trading inside an ascending channel (White). The Upper Channel Line is the multi month trendline (Bold Yellow) that we broke in January. If we reclaim the 0.236 Fibo and the level 1.5 (Purple Trend) of the Modified Schiff Pitchfork as support,...
Hi everyone After the accumulation that we had for almost a month on XAUUSD, We can finally see the price breaking through 1965$ resistance level. Now we have a support level of 1910$ beneath and a resistance zone on 2050$ above. Considering the possibility of staying in this channel and not having another correction in price( I believe after 5 bullish...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT DOMINANCE update. USDT.D is continuously bouncing that's why BTC and Alts continuously falling. Currently, USDT.D is trading near the 4.60 level. As you see in the chart, USDT.D once again trying to reach its major resistance line. We have seen multiple...
The Bitcoin price has created a lower low but the RSI hasn't followed hence creating a higher low which shows us there is a bullish divergence expected. Crossover on the MACD further confirms this momentum switch. I'd expect us to potentially push price back towards the $45300 level before we see any further price movement downwards. We also could break this...
Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the line of support and as you can see the first support that the price is currently based on is $ 42,882, if the support breaks down, the next is $ 41,277 and $ 39,644. Now let's move from the...
Hello Crypto traders! Today we will talk about Ethereum, its price action from technical point of view and wave structure from Elliott Wave perspective. ETHUSD is in recovery mode and from Elliott Wave perspective we can see a three-wave A-B-C Elliott wave corrective rally in progress. The main reason why we are looking for a corrective rise is because of wave B...
Hello traders! Today we will talk about Aussie (AUDUSD) in which we see slow price action and corrective wave structure since end of January that can be now approaching important and strong October 2021 highs resistance area ahead of important RBA. From Elliott Wave perspective, we are tracking a complex 7-swing A-B-C-X-A-B-C elliott wave corrective rally which...
The price had a breakout from the descending channel and created a rounded bottom above the weekly support. on the 4h timeframe, the price is testing the 0.3$ resistance and the market is in a consolidation phase between the weekly and daily structures. The price already retested a Fibonacci level of the 0.382 Fibonacci level How to approach? The price needs a...
The price is testing the monthly resistance, as you can see on the upper chart, the price got rejections for that area in the past. 23.5$ is a key level for DOT. on 4h Timeframe, the price is creating an ascending channel. How to approach? The price could have a pullback on the 4h support on 22.30$ before a new breakout from the 23.4$ (monthly resistance.). So...
The price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance. On the 4h timeframe the price is below a supply zone on 7$. How to approach? The price needs to create a new bullish impulse and breakout from 7$ and retest that area as new support. According to Plancton's strategy , we can set a nice...
MANA found strong resistance at $2.77, in the last 7 days. Price action suggests a further fall before the pump. Decentraland is one of the Kings in Metaverse, so I will be not surprised if we see a 10X, in the long run, of course. To go long, wait for a possible correction at $2.29 - 2.19. If price don’t reach these levels a nice entry is between $2.82 – 2.72,...
According to my previous analysis, the price got a rejection exactly on the daily resistance as I told you. The resistance on 3400$ is so strong and the price needs new liquidity to create a clear breakout from it. At the moment the market is overextended, and we could see a retracement before the new bullish impulse. On the 4h timeframe, the price is following...