The trading strategy using Fibonacci levels 68 and 50 depends on using these levels as support and resistance levels. Here are the steps: 1. **Determining the trend:** Determine the general direction of the market (bullish or bearish). 2. **Entry into the market:** - Look for opportunities to enter the market when the price approaches the 68 or 50...
On the above 3 day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, they include: 1) Price action and RSI resistance breakouts. 2) Trend reversal, higher highs higher lows replace lower highs lower lows. 3) Support and resistance, the black arrows, price action has confirmed support on past resistance. 4) The bull...
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
The gbpusd pair breaks his support level which is 1.25200. The market creates a higher low structure. Daily candle body closed below the 1.2500 level, the market gave some retracement and then downward to the 1.2200 level which is an order blocker. If there is no stop then the higher support and demand area is 1.2100.
Hi every one no need to say something , chart is speaking it self . Traders, if you like this idea or have your opinion about it, write in the comments. We will be happy Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . please support us Good luck.
Good Luck >> • Warning • Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end. The risk management of the position must comply with the stop loss. (I am not sharing financial or investment advice, you should do your own research for your money.)
Good Luck >> • Warning • Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end. The risk management of the position must comply with the stop loss. (I am not sharing financial or investment advice, you should do your own research for your money.)
NZDUSD broke and closed below a key daily horizontal structure support, setting a new lower low lower close. It is an important bearish signal that opens a potential for a further bearish continuation. Next support - 0.588 ❤️Please, support my work with like, thank you!❤️
Hello There, The price has the potential to rise for a bearish pullback and drop to 0.5321 for a bias of 0.5173. However, there seems to be an area untested around 0.6599, so there needs to be a strong confirmation for a potential bearish pullback. The current candle wrestles with the high pin-bar to 0.6200, which is fairly neutral at this point. It opened...
Hello there, Solana is losing bullish momentum at the 183.00 area. This isn't a clear price movement for now; either we see a drop near 177.83 and 180.71 will be the level of interest, or a break above 183.63 will signal a bullish continuation. For now, area 4 remains subjective until 177.83 clears out, making it Elliot Wave 2 to my count. Overall, the price is...
Hi there, CHAINLINK has the potential to reach the second supply area around the 20.20 level and drop for a retest around the 18.77 before commencing up to the 21.00 major supply area. And a potential drop from 21.00 could follow to 15.00. If the current candle structure drops from the support level, breaches the demand zone, and breaks 15.69, that will...
Hello there Doge has pushed up from the 0.18617 low and is now losing momentum in the 0.20769 area. So we want to see the price go above that area, preferably to a higher low and close above 0.20790. Above 0.20790, there's potential resistance at 0.23222. The bias is towards the 0.28175 area, the target level is 0.26589. Now if the price loses momentum and...
🐸As I shared with you in the analysis a few days ago , PEPE continued its upward trend and was able to create a New All-Time High(ATH) . ( PEPE has increased over 😱➕200%😱 since my analysis ). 🚀 PEPE managed to break the 🔴 Resistance zone 🔴with high momentum and create a New All-Time High(ATH) . 🌊According to the theory of Elliott waves , it seems that ...
The price could not touch its previous high and also broke the trendline Considering the stronger downward momentum, I consider scenario 2 more reliable
Hello everyone, first of all, please take a look at my recent ideas on the pair (CAKE/USDT) from back in FEB 5th: & March 7th: NOW, I can imagine two HIGH PROBABILITY scenarios with different timings yet exactly the same target for the near term future of (CAKE/USDT) both of which are drawn as paths on the chart. Scenario A: RED PATH / lower probability...
The support level for Aptos has been rejected, and it is currently in a lower time frame order block. Consequently, I anticipate a significant bullish movement in the price of this coin.
The S&P 500 finished another week in negative territory, shedding -1.6% (-2.5% MTD). While it is clear that this market remains the domain of buyers, 90% of the upside in March has been reclaimed, and evidence is building for a deeper correction. Deeper Correction Possible Kicking things off from the monthly chart, following last week's all-time high of...