As we can see AUDUSD formed a rising wedge and broke the structure of it pointing the pair to the downside. To further this bearish sentiment AUDUSD also rejected a key FIB level @78.6 after breaking structure and retracing. Usually this is a great indication we may be in the 3rd wave of the Elliott Wave Theory which should be followed by a great impulse...
USDJPY is showing a strong bearish sentiment on the weekly and daily charts , heading towards the next support zone of 126.137. On further inspection is a downward parallel channel on the 4 hour chart . Price recently reached the diagonal pivot line of the parallel channel and got pushed down . Recently, price retested that pivot line and is now ready to continue...
• The SPX is trying to recover this morning, but it has yet to break its major resistance area in order to reverse the bearish sentiment; • Together, the 21 ema and the green line at 3,911 make a dual-resistance level on the index, and only if it breaks this price area it’ll have some chance of reversing; • Any top sign under this resistance level might indicate a...
• Yes, we nailed the 61.8% Fibonacci’s Retracement in the weekly chart. We set this target on my previous public analysis on NVDA (the link is below this post, as usual); • Now, it seems NVDA is trying to react above the retracement. In addition, it just filled a gap around $142 (daily chart), which did work as a support level on Dec 29 – 30; • So far, there’s a...
Hello 🐋 Based on the chart, the price is close to the resistance zone ✔️ if the price doesn't break the resistance zone to the upside, we will see more correction, at least to our lower trend line supports 💣🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Hello 🐋 Based on the chart, the price is close to the support area and stick in the range zone ( parallel channel ) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 Please, feel free to share your point of view,...
GJ - Overall bearish but price seems to be stalling, if we get confirmation i will take short term buys here (Retracement) up towards the 1H supply zone, if price takes off with no confirmation ill be waiting for reactions in the 1H supply zone for sells or breaks of the lows for straight continuations. Let me know your thoughts!
Gold - ideally want to see a retest of the 1835.000 zone before looking-for continuations, if price keeps pushing with confirmation from current level i may take straight buys (If that happens i'll use lower risk, will update accordingly) Could be sell opportunities if the highs fail here but im not really interested in sells while bulls looking this good! Lets...
I'm looking for a long opportunity on NYSE:BABA in 2023. Before 2022, it's all-time low was $57.20, and it tested and closed above this level in the fourth quarter of 22'. This leaves me to believe, $BABA will be a good long-term opportunity for this year.
I'm looking for a long opportunity on NYSE:CHPT in 2023. Before 2022, it's all-time low was $9.38, and it tested and closed above this level twice. Once in the second and again in the fourth quarter of 22'. In the most recent quarter, Chargepoint also tested and closed above the trend line from that all-time-low of Q1 2020 and Q2 2021 (dashed line) This...
I invite you to review the ETH/USDT chart on a one-day interval. However, here we can use white lines to mark a long-lasting sideways trend channel, while locally it is worth marking a local uptrend line. Now with the help of Fib Retracement we will check where the price has support, and here we see that we first have a support zone from $ 1213 to $ 1180, but...
Still looking at a falling wedge seems most volume traded above the Weekly and Daily support levels which are now resistance. I'm particularly interested in the fib 0.618 as shown drawn from the low to high which seems a reasonable retracement level to reset all the selling. Nice monthly that corresponds to this level. The VRVP showing no volume at the moment...
Bearish Indications 1. Lower Highs and Lows 2. Descending Channel Bullish Indications 1. Already test its significant support 2. Already formed LL after a large red candle and now it will move towards new LH 3. It will go up to test the resistance trend line
Hello 🐋 Based on the chart, the price is close to the resistance zone ✔️ if the price doesn't break the resistance zone to the upside, we will see more correction, at least to our lower trend line supports 💣🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Hello 🐋 Based on the chart, the price is close to the support area and stick in the range zone ( parallel channel ) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 Please, feel free to share your point of view,...
Hello 🐋 Based on the chart, the price is close to the resistance zone of the ascending channel ✔️ if the price doesn't break the resistance zone to the upside, we will see more correction, at least to our lower trend line supports 💣🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Hello 🐋 Based on the chart, the price is close to the support area and stick in the range zone (parallel channel) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 Please, feel free to share your point of view,...
We've received a Sell signal through Crypto Tipster v2 on Cardano / Bitcoin on the longer term 2D chart - although there is a level of support right where the market is currently sat, if this level was to break the next support area is a whopping 50% below the current price. The next few days will be critical to watch on this one, a small downward movement beyond...