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Ethereum Weekly Analysis📊 Ethereum Weekly Analysis This week, I have analyzed the ETH/USDT chart focusing on key support & resistance levels, market structure, and potential trading zones. The breakdown includes: 🔹 Weekly trend direction 🔹 Major support & resistance zones 🔹 Key liquidity levels & possible reversal points 🔹 Short & long opportunities based on structure This analysis is purely educational and based on my personal trading experience. Always manage risk properly and do your own research before trading
by Bullboys8
Understanding Market StructureIn this video, I break down market structure in a simple and easy-to-digest way, helping you understand how to identify whether the market is in an uptrend or downtrend. Recognizing market direction is a key skill for any trader, it allows you to trade in alignment with price action and make more confident, higher-probability decisions. ✅ If you're new to trading or want to sharpen your edge, this video will give you the insights needed to read market trends more clearly. 📈 Hope you find value in this breakdown! 👉 Don’t forget to like, comment, and subscribe to support the channel and stay tuned for more educational content.
TVC:DJIEducation
by GonzooTrading
EDUCATION: Using RENKO Charts to Trade Crypto Like a ProRenko charts strip away the noise of traditional candlestick charts, making them a powerful tool for trading crypto. Instead of plotting price movements based on time, Renko charts focus purely on price changes, filtering out the wicks and erratic movements that make crypto trading so volatile. Why Use Renko for Crypto? Crypto markets never sleep, and their constant fluctuations can overwhelm traders. Renko simplifies this by helping you: Spot Trends Clearly – No distractions from minor price fluctuations. Reduce Market Noise – Filters out insignificant moves and focuses on real momentum. Identify Support & Resistance – Renko blocks highlight strong price levels better than traditional charts. How to Set Up Renko for Crypto Trading Choose an ATR-Based Brick Size – A 14 or 13-period ATR setting adapts to market volatility. Identify Key Levels – Look for trend reversals, double tops/bottoms, and support/resistance zones. Use Confirmation Indicators – Pair Renko with moving averages or RSI to confirm trades. Renko is a game-changer for crypto traders who want cleaner, more actionable charts. Have you tried trading crypto with Renko? Drop a comment and share your experience! 🚀 #CryptoTrading #RenkoCharts #Bitcoin
CRYPTO:SOLUSDEducation
by TLTurnerTV
US30 Update - Continuation building? Thanks for checking out our latest update. Today, we are looking at the US30 daily chart. After some heavy selling to end 2024, have we started to find a new point of support? If we see further confirmation price-wise with a new break higher and a new higher low, this could line up with a continuation pattern. We have run over a few scenarios price-wise that we are watching moving forward. The key to the continuation is a hold of 42,260 support. Will Trump taking office on the 20th have any influence? We will wait and see, but a break of support and trendline could be a warning sellers have further to go. Happy New Year, good trading from Eightcap.
EIGHTCAP:US30
by Eightcap
USOUSD (Oil) Key support follow up.Thanks for checking our latest update, and happy new year to all. Today, we have followed up on our last oil update. You can see this update on the link below. The main topic of the last update was a key support area. The area held, and we saw a new rally develop. Today, we have looked at that rally and asked if it's going to break the long-term downtrend or if we could see price contnue to remain rangebound. We see short-term resistance at $74.75 and short-term support at $73.20. As always, traders must remain vigilant and stay abreast of the latest updates from OPEC and geopolitical influences, as these factors can significantly impact the market. Good trading from Eightcap.
EIGHTCAP:USOUSD
by Eightcap
Mastering BTC Levels: Predicting the Next MoveHere's an in-depth look at BTC's key levels 🔍 📍 Bullish and bearish zones mapped out 📈 Using ATR to target potential price ranges Will BTC break out or stay range-bound? Share your thoughts! #BTC Context: Key Levels: The chart highlights major support and resistance zones using green (bullish levels) and red (bearish levels) bands. Bullish Day/Week Levels: Green zones where bullish momentum could sustain or start. Bearish Day/Week Levels: Red zones where bearish sentiment could dominate. ATR (Average True Range): The "Day ATR" and "Week ATR" indicate potential ranges BTC might move within, helping traders set targets or stops. Price Action: BTC seems to be fluctuating within these predefined zones, offering insights for both breakout and range-bound strategies. Directional Arrows: Green and red arrows suggest potential bullish or bearish trajectories from current price levels. Close Day Marker: The "Close Day" line highlights the critical closing price, often serving as a benchmark for future market direction. Insights: The chart is ideal for short-term traders looking for high-probability entries and exits. It emphasizes the importance of respecting these predefined zones to maximize risk-reward.
by BIGonTRADING
Fri 13th Dec 2024 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, GBP/USD Sell, Silver Sell, AUD/CHF Buy, EUR/AUD Sell, GBP/AUD Sell, AUD/NZD Buy & CAD/CHF Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
by JAGfx
17
"Scenario B" for Potential Bearish of Broadening WedgeThe 1st scenario is Broadening Wedge with rebound and break resistance, and then raise to another record with possible to break $2700 first. In this "scenario B" , I try to make some exception for the resistance. Concern the resistance is too strong after the rebound, therefore we will find the correction until it break the support. After that we will find some retrace or swing high about 50% of last wave, and continue with the pressure to 2614 which is known as point B or point 2. After the dip correction, please becareful with new demand probably will push the price for another uptrend. Well at least it corrected first before making new high on NFP next friday, right?
OANDA:XAUUSD
by irpansupiandi
SPY 30-Minute Chart Analysis: Bearish Channel FormingLooking at the SPY 30-minute chart, the price is clearly in a bearish channel, with each rally getting rejected and lower lows being made consistently. Let me walk you through the key details. What’s Happening: Downward Channel: The price is following a downward-sloping channel, which began forming at the peak near $563. Since then, the price has been steadily declining, with lower highs and lower lows, bouncing off the upper and lower trendlines. Resistance at $546.70: There was a strong rejection from the $546.70 level, further confirming this area as a key resistance. Every time the price approaches this level, sellers step in aggressively. Key Support at $539.60: We’re currently hovering just above this level. If we break through $539.60, the next key support zone lies around $528.44, which could be the next target for sellers. What I Expect: Bearish Continuation: Given the strength of the downward channel, I’m expecting more downside. If $539.60 fails to hold, we could see a further drop towards the $528.44 level. Possible Bounce: On the other hand, if the price finds support around $539.60, we might see a short-term bounce back toward the upper trendline, around $546.70, before more selling pressure sets in. Final Thoughts: Right now, SPY is clearly in a downtrend, and I’m watching the $539.60 level closely. A break below it could open the door for further declines, but a bounce from here could present a short-term trading opportunity. Stay cautious as the bearish momentum continues!
AMEX:SPY
by Deno_Trading
Apple - Caution at the all time high!NASDAQ:AAPL just created a new all time high, however we have to be quite careful now. Trading cycles in an overall uptrend is one of the most profitable trading approaches. You are trying to capitalize on the major upswings and missing out on the major downswings. Apple is currently retesting resistance and probably creating the top of the previous cycle. I am waiting for a move back to support before we will then see the next major bullish cycle on Apple. Levels to watch: $240, $170 Keep your long term vision, Philip - BasicTrading
NASDAQ:AAPLShort
by SwingTraderPhilTV
10
Understanding Technical Indicators - Avoid FaultsI received a question from a member today related to Divergence on RSI or Stochastics. I've been lucky to actually sit down with the creator of Stochastics, George C. Lane, to discuss his indicator and how he used it to trade. I've also been luck to be able to attend multiple industry conferences over the past 20+ years where I've been able to watch and listen to dozens of the best technicians and analysts explain their techniques. Boy, those were the days - right? This video is going to help you understand most technical indicators are designed based on a RANGE of bars (usually 14 or so). This means they are measuring price trend/direction/strength/other over the past 14 bars - not longer. And because of that you need to understand any trend lasting more than 14+ bars could result in FAILURE of the technical indicator. Watch this video. I hope it helps. Get some.
AMEX:IWMEducation
by BradMatheny
Unbelievable Gold Trade Setup! Must-Watch Analysis & Secret RiskTechnical Analysis of Gold Spot (XAU/USD) Chart Overview: - Current Price: $2,364.525 - Time Frame: 1 hour - Key Levels: - Resistance Levels: - TP 3: $2,391.040 - TP 2: $2,386.595 - TP 1: $2,379.694 - Support Levels: - LQZ: $2,371.857 - LQZ: $2,356.635 - TP 1: $2,347.655 - TP 2: $2,339.090 Candlestick Patterns: - Recent Uptrend: The chart shows a significant uptrend starting from July 2nd to July 4th. - Price Consolidation: Following the uptrend, there was a period of consolidation with prices forming a triangle pattern. - Downtrend and Recovery: A sharp downtrend occurred, followed by a recovery attempt which is now in another consolidation phase. Key Observations: 1. Resistance at TP 1 ($2,379.694): The price faced resistance around the $2,379.694 level and has not been able to break through. 2. Support at LQZ ($2,356.635): This level has provided significant support and could be a potential entry point if the price tests this level again. 3. Current Position: The price is currently trading around $2,364.525, which is below the key resistance levels and above the support levels, indicating a range-bound movement. Lecture on Using Proper Risk Management Risk management is crucial for successful trading. Here are key principles to ensure proper risk management: 1. Determine Risk Tolerance: Understand your risk tolerance and set a percentage of your capital that you are willing to risk on each trade. Commonly, traders risk 1-2% of their capital per trade. 2. Set Stop Losses: Always use stop losses to limit potential losses. For the current XAU/USD scenario, a stop loss could be placed slightly below the LQZ support level at $2,356.635. 3. Position Sizing: Calculate your position size based on your risk tolerance and stop loss level. For instance, if you have $10,000 and are willing to risk 2% ($200), and your stop loss is $10 away from the entry price, your position size would be 20 units. 4. Risk-Reward Ratio: Aim for a favorable risk-reward ratio. A common target is a 1:3 ratio, meaning you aim to make three times the amount you risk. 5. Diversification: Avoid putting all your capital into a single trade or asset. Spread your investments across different assets to mitigate risk. Conclusion For an in-depth analysis, make sure to watch the rest of the stream where I cover: - TSLA (Tesla) - DXY (US Dollar Index) - BTC (Bitcoin) - US30 (Dow Jones Industrial Average) #XAU/USD #GOLD #TSLA #MARKETLESSON
OANDA:XAUUSDLong
by Adlercon333
Nasdaq - We still have to be careful!TVC:NDQ is still retesting resistance after we just saw an expected rally of +75%. More than a decade ago, the Nasdaq entered one of the most profitable and easy to trade patterns: a rising channel formation. In the beginning of 2023 the Nasdaq once again retested the lower support trendline in confluence with a retest of horizontal support and continued its bullrun from there. But currently resistance is ahead so we have to be quite careful and properly monitor price action on the smaller timeframes. Levels to watch: $19.000, $16.000 Keep your long term vision, Philip - BasicTrading
TVC:NDQShort
by SwingTraderPhilTV
2