ANC just gave a breakout from a symmetrical triangle downside and also retseted it smaller time frames , we can open a short till given target with proper stoploss and target .
Possible Head and shoulder Pattern creating and sell opportunity at Fib level 0.5 as 2nd shoulder lets wait till price reach our zone and we get some more conformation for short selling.
Trade safely my friends and let me know your views on this Idea in comments
Chart Analysis
Technical Analysis:
- Price recently fell below a long term uptrend upper trend line and trading in a tight range near the lows of full range.
- Price seems to be forming either a rising wedge *(bearish chart pattern) or a triangle wedge *(bear or bullish chart pattern). Supporting the indecision and why price trading in tight range...
The total evaluation for the BTC chart is bearish. Please be reminded that the price movement displayed is evidence of a previous cycle from where we got rejected at 30-32k range, you may use that as a reference on a separate browser while comparing the two. Before listing my reasoning for the bearish price action, here are the possible edges that you may use...
The total evaluation for the ETH asset is bearish. Please be reminded that the chart displayed is very similar to the BTC chart posted on June 26, 2022 -- You may visit my profile to further confirm the move I took for shorting it.
Here are several analyses explanation that could help you maintain your short or reconsider your bullish bias in the short term and...
I believe we could see a short term price decline in the BA stock. This might be a good opportunity for a short term bearish/short trade through stocks or options. The price has been on a long term downtrend, since approximately Nov 2021. Making Lower Highs and Lower Lows.
I have attached an image here of the BA chart on Daily candles, along with several...
The total evaluation for the SOL asset is bearish. Please be reminded that the price action displayed is quite similar to the previous updates in my profile ideas, but with considerable amount of differences involved. All fundamentals behind the market structure shown below are explained in the BTC and ETH chart. Thank you. Here are the analyses for the...
EUR/USD is a recommended STRONG SELL — Rally
Overlays:
- Trend line (mid level) — 1.05680 (equivalent to 78.6% fib level)
- Trend line (upper level) — 1.06803 - 1.0729 (between 38.25% and 23.6% fibonacci levels)
- Price will break downtrend reaching those levels but still be a lower high in comparison to 2x previous high
- Fibonacci...
The last bearish daily candle just confirmed that BTC will not make higher highs any sooner.
Insted it will most likely test the 25k area to rebalance 2020's bullish impulse. From there I would expect a bounce, but again, I believe BTC will still be bearish at least for the next 2 or 3 months.
EURO looking weak across the board with multiple crosses having the identical move, we currently seeing a pull back from the long term daily downtrend. Around the area of 1.53 price has magnetized to this level a few times before, we have seen a major break through this level from been a nice support to now been rejected as a resistance area. Price also lines up...
Hello dear friends
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Bitcoin is thinking of falling more ??
As shown in the chart, based on my analysis, this is likely to happen and the next floor will form around 22,000.
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I hope you enjoy this analysis and find it...
GBPJPY H1
Nice break so far on the hourly and M30 charts, haven't quite confirmed the H4 break and close, but we still have time left on the clock.
Longs from as close to this 160.000 handle as possible, 160.000 is the area of play for shorts/longs depending on whether we are trading north of south of this zone.
After our buys have come into profit,
A beautiful short opportunity all the way down to 13365 presented itself
This fall is inevitable.
Almost 9000 pips, ride this and enjoy
Cheers
