Hello everyone, let's take a look at the ETH to USDT 1 day chart. As you can see, the price is moving below the downtrend line. Let's start with determining the support line and as you can see the support that should be taken into account is the support zone from $ 1856 to $ 1694 in which the price is currently located. Now let's move from the resistance line as...
The Trend Reversal Trade, can it work? I have been trading the market for 10 years & the statistics in NOT in your favour, this type of trade has a low probability & trading is a game of stacking the probabilities in your favour. this is to be distinguished from investing; which is a whole different game. Back to the infamous Trend Reversal Trade. This is the...
Pivot Point: 1834 Currently: Consolidating at this 1848.00 level , its next support zone is at 1856.00 Reaction: Resisted at 1817.00 and retraced back to 1807.00 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed...
BYBIT:BTCUSD These are the most Current Daily, Weekly and Monthly Levels for Bitcoin. Support and resistance Definition (quoted from Investopedia.com) The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer...
AUDUSD has been trading inside the given parallel channel since February 2021 . Recently, the price succeeded to break through a significant support 0.69865 , went back retested it and is now ready to move down all the way to a significant support on monthly Chart 0.68709, which would be my final Target . the downward move is further confirmed by the price trading...
The price is creating a falling wedge on 4h timeframe and now the market is testing the support. We could see a new bearish impulse until 1.5. How to approach it? IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Hello everyone, let's take a look at the ETH to USDT 1 week chart. As you can see, the price has dropped below the uptrend channel. Let's start with the line of support and as you can see the first support in the near future is $ 2155, then we have a fundamental support zone from $ 1856 to $ 1694. Now let's move from the resistance line as you can see the first...
Hey fellow traders, just a reminder to see the big picture... Look at the historical trading volume which is below us (actual price 38,5k atm) and the number of supports from them... Now imagine how much of a sell effort would that be to break all of them? Is it realistic? I feel NOT. Let's wait what FED will have for us next week, how the markets will react...
Canadian Dollar/Swiss Franx show up a good moment to buy in the key supoort around $0.7500 CHF I buy in the market price and put my Sl to 0.7460 CHF and target to $0.7585 °CHF Re.ember CAD it's bullish as I sae from Sunday when i made an analysia of this par.
Based on the chart, the price is close to vital support area ($1920) and our important trend line and resistance area are located on the chart ✔️ if the price stays above this support zone ($1920) we will see more gain, at least to $1960 🚀 and if the price breaks the support area to the downside, we will see correction to lower price 📖💡 Please, feel free to ask...
hello everyone In the past month we had the BNBUSDT covering a lot of the chart, we had a bull market (Mar 15-Mar 30), then a reversal pattern with the indication of divergence on RSI(Mar 30- Apr 04),then we had a hanging man candle to tell us the obvious downtrend happening on April 05.But anyway, Now we have a possibility of a bull flag on daily chart. As we...
On daily chart After surged and created new ATH at nearly 64, BINANCE:WAVESUSDT has been pulling back to 17, perhaps. That level is 0.618 FIB of previous impulse wave. Right now, WAVES is swinging at 22. A good buying zone in range 22 - 17. WAVES might be at 144 if it can break ATH. Wait and see
waxp is on support zone .. will go up until the previous resistance on 0.38 -- 0.39 long trade with 30% profit and 2.6 R/R ratio
We need to bounce from this support area, failure to bounce we may go down to 40 -39K, we have alost 8 hours to daily close! Bulls should fight back
Showing strong sign of reversal from Area of Support, RSI - Oversold. Watch for tomorrow movement - if closes green with confirmation - go long. Good opportunity stock. Follow for more ideas and share your thoughts in comment box.
The price is testing the daily support after a breakout from the dynamic resistance without volume. On the 4h timeframe, the price is trying to have a breakout from the dynamic 4h resistance. How to approach? IF the price is going to have a breakout from the 4h support on 0.2$ and retest as new resistance, we can add it to our watchlist and wait to apply our...
The price is testing a key monthly level of 0.68$ where the price bounced several times. Check the upper chart, the price respected that area. on the lower timeframe (4H) the price had a false breakout from that area. How to approach? If the price is going to confirm the breakout from the monthly support, According to Plancton's strategy , we can set a nice...
The price is testing the lower trendline on the daily timeframe after a rejection from the 42k resistance. On the 4h timeframe, the price got a rejection from 0.382 Fibonacci level and created a new Higher low. The price is looking for a new bounce, and if the price is going to create a new Lower high we could see a new bearish impulse until the weekly...