At the moment, the price is in a sideways movement range, near the lower border. A false breakout with an exit to the top and a return to the sideways range is possible, but the scenario of a level retest with an exit to the top without a breakdown is more likely. Have a nice trade!
today, the price has returned to the range of trading 1.373 - 1.361, further movement should form a sideways trend in this range with a further upward movement, but there is an alternative scenario - a retest of the support level with a sharp upward movement. Have a nice trade!
BTCUSD At the time, bitcoin came out of the sideways and broke through the resistance level, there are no prerequisites for further growth, so the most obvious scenario is that what is happening now is a false exit from the sideways and further prospects are the strait of the lower border and back into the sideways range Do you agree?) Your Solldy.
Hello traders and investors! Let’s see how NVDA is doing today! Technically speaking, the purple line at $ 224 is a key point for us , and if NVDA defeats this price level, it’ll turn bullish, at least for a short period of time, and we’ll seek the ATH. Keep in mind that NVDA is in a congestion , moving sideways, and not doing anything meaningful. However,...
Keeping it short as always- look at the touches and look at how previous trend resistance turns into support. Moving sideways is the most realistic way of thinking of the market none of this Youtube or other analysts claiming going back to the 1970s bs support will happen unless ultimate chaos breaks in even I will doubt it.
AXS has been trapped in this range last 7 days, bouncing up and down. If this rock-solid support zone is lost, we could see a solid move down, and if finally break this resistance above, we could expect a nice upside. SMA 20 and 200 are almost flattened on 30mins chart and this could be a nice base for catching the next move. Set alarms and don't miss this. Good...
Hi all, My last post was at the begining of the uptrend which is still in play however with a correction and sideways accumulation right under the sell wall. That said, there's nothing concerning right now and i did not make any changes to my position. However, since we are in a sideways trading range, we have an opportunity to take a short at the top and long...
BTC broke through the $ 52,230 mark for the first time since May, breaking through the local sideways (marked on the chart with red). Further, I expect that we will reach $ 528.13, there will be a weekly pivot R2, after which we will go down to the support zone S3, S4. These are quite important levels, and if we break through them, the price will go lower - 48800,...
After trying to break out from its down tred, IDX:ACST now in rather sideways movement. Clearly price level 300 was being tested several times before the price plunged down to 220 on 23th August 2021. The interesting thing is, after that date, price movement is going up; with several corrections along the way. As you can see each time the price was corrected,...
Hello everyone. On Aug 18th, I published an idea titled 'EURNZD short setup on sideways structure' . The pair had a false breakout of the upper zone before falling all the way back. Actually, there is a retest entry opportunity on the 60m. You can check the linked idea below. Now, price has come closer to the bottom zone. We know the best trading strategy for...
H4 time frame. Structure: Uptrend. The upside momentum is waning as the price approaches the critical resistance at 50000. In the bullish case, a clear move, as well as important confirmation, is needed to avoid a false breakout as the current bullish momentum is very weak. There is a high probability that the price will continue to move the Sideway between 46000...
USDCAD price is going sideways after it was rejected from the resistance level. ( check Daily timeframe ) But the price is now consolidating in the support area. We are looking for a breakout. Either up or down. 2 trading plans are in motion, waiting for confirmation. Manage your risk. Disclaimer: This content is intended to be used and must be used for...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The USDJPY pair started this session with a Bullish move driving the price back to 110.08 from 109.74, The Bulls now are eyeing every move of the market waiting for the...
Hello traders and investors! Let’s see how PLTR is doing today! It is impressive, but today’s drop was just a pullback to the previous support at $ 23.69 (we hit $ 23.67), and it is reacting again. The movement was extremely technical, and it looks like a sideways correction , rather than a real sell-off. When we look at the daily chart, we see that PLTR...
Hello everyone. This is a pretty simple sideway trading strategy. The range is 1.6580-1.7128 which has been respected 61 days. I already set the alerts around the bottom and the top. The scenario might be as below: 1. Sideway continuation : Price could go through the upper zone. Looking for bearish formation on 1H or 4H chart. Target is the opposing zone. 2....
Dogecoin has been trading in fix range, if the Doge break this channel then there will be a clear path to touch $0.30 which is more than 15 % up from the current price. Doge is perfectly bouncing back from the 21 EMA and 50 EMA which is good signal to add more.
The chart shows the potential for some further sideways movement as a game of price ping pong plays out. Price seems to be respecting these two moving averages.
ETHUDT chart shows that ETH should breaks the significant resistances.