We have DJ that looks to be steadily on the rebound since hitting low on 30 September, climbing above it's 200 day moving average as well as a major trendline resistence by 10 Novemeber and has not looked back since. However, it is the only index that is no longer "bearish" On the other hand, both NQ and SPX hit a low in mid Oct, attempted to rally but failed at...
Hello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving sideways and is about to exit the triangle. Let's start with the support line and as you can see the first support in the near future is $16751, if the support is broken then the next support is $16657, $16556 and $16425. Now let's move to the...
Gold seems to be preparing for a market correction and make a potential (A B C) or if default (1 2 3 4 5) as confirmation we have a trailing diagonal, harmonic bat pattern and strong downward momentum that can characterize a trend change.
I invite you to review the chart LINK in pair to USDT, taking into account the one-day interval. Let's start by identifying the main trendline, but looking closer we can identify with the blue lines the sideways trend channel and with the yellow line, the local downtrend lined that the price is trying to break. Using the Trend Based Fib Extension tool, we will...
BTC chart in pair to USDT on a four-hour interval. As we can see, BTC has been moving in the sideways trend channel for a long time, moreover, we can mark the triangle with the help of white lines, which we are currently trying to lower down. Now, with the help of Fib Retracement, we will check the support places for BTC in case the price starts to fall and...
Hello everyone, welcome to the ATOMUSDT 1D chart review. Using the white line we will mark the trend line, as you can see the price is trying to break through the indicated trend, when it did it did not test it and quickly reversed. Currently, we can determine the local downtrend line with which the price is fighting. As for setting support, we will explore it...
Hello everyone, let's take a look at the 1W CRO to USDT chart as the price is currently at the 2020 low and also looking from the 2021 high at around 95% down. Let's start by setting goals for the near future that we can take into account: First, the price has to break through the strong resistance zone from $0.0629 to $0.0876, only then will it be able to move...
Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with setting the support line and as you can see the first support that currently defended the price is $16585 at 0.718 FIB, if the support is broken then the next support is $16457 and $16080. Now let's go...
For years GBPUSD has been testing its lows. Since 2007 a huge drop has been seen in 2016. Where it has consolidated between 1.22396 and 1.36845. Recently in August of 2022. For many, we could see this potential drop, while others expected a pullback and continuation of the sideways move. Let's look at what actually happened. The lower resistance zones around...
DOCU is looking attractive for a short term trade with near term target @67-68 (18% upside from current price). There is potential for a longer term ride should the stock be able to trade and stay above it's 200 day moving average going forward. Reasons for going Long: 1. On the monthly chart, we can see that DOCU could have formed a double bottom @ 35 2....
Hi, let's check out what's happening on the SOL chart against USDT on a four-hour time frame. We will start by marking the white lines of the sideways trendline, while using the yellow line we will mark the local downtrend line where the price is moving. Moving forward, we will check what support should be considered. As you can see we have the first support at...
Hello everyone, let's look at the ETH to USDT chart on the four hour time frame. As you can see, the price is moving above the downtrend line. Let's start with the support line and as you can see the first support in the near future is $1184, if the support is broken then the next support is $1154, $1129 and $1106. Now let's go from the resistance line, as you...
Hello, I invite you to review the BTCUSDT chart on a one-day interval. First of all, it is worth marking the sideways trend channel in which the price has been moving for more than a month with white lines, while locally we can mark the downtrend channel with yellow lines. Now, using the Fib Retracement tool, let's check what resistances should be taken into...
During this Semiconductor ETF's rise to the top, price retested the high 220s and low 230s zone multiple times. This price range acted as a zone of support (marked by the green box). Since august of 2022, SMH price action has struggled to rise above this zone, turning this zone into resistance (marked by the red box). Additionally, SMH's downfall (beginning...
Hello everyone, let's look at the BTC to USDT chart on the four hour timeframe. As you can see, the price is moving below the uptrend line. As we can see the previous support at $16583 is still price support, the next support is at $16098 and $15471 at the previous low. Now let's move on to the resistance line, as you can see the first resistance is $17066, if...
Trade Order: Buy Limit Order. Entry: 1.0500 Stop-Loss: 1.0450 Target: 1.0600
Recently we have seen BTCUSD bounce around from a previous resistance zone down to its relative support zone. Both connections had some nice wicks that allowed for some great scattered entry points. These bounces have begun to setup a new directional shift if we look at the first resistance zone as completing wave 1 and the touch back to support (.618) as...