BTCUSD Trading Strategy: BTCUSD risks are still tilted to the downside. A Descending Price Channel started to appear on D1, which usually determines our short-term outlook. It seems advisable for investors to consider strategies of selling for profits rather than buying at this time, until the designated support level is reached. From the D1 chart, BTCUSD is...
Hello all dear traders! Just as I mentioned about the trend earlier, the support level at 61,800 USD could not turn BTCUSDT around and the downtrend continued. Currently BTCUSDT has stalled at $56,590 and technical signals show that the coin is likely to return. And if this happens, it will be difficult to last long as it approaches the resistance level of...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08000, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08000 support and resistance area. Trade safe, Joe.
Hello all friends! Currently, EURUSD has regained momentum and rose to as high as the April high of 1.0885 in today's trading session. The resurgence of bearish pressure on the US Dollar (USD) encouraged EUR/USD to trim Tuesday's losses and reclaim the area well above the 1.0700 barrier on Wednesday. Over the longer term, US Dollar weakness is expected to be...
Hello friends! Just as I predicted yesterday, the bearish momentum of the BTCUSDT coin is still maintained as it forms a head and shoulders pattern on H1, in a potential bearish channel. It is currently trading at $63,087 marking a drop of 1.09% on the day. Overall, in the current context, both fundamental and technical are signaling a downtrend, we are waiting...
Hello everyone, I know you all have been waiting for a big update. Here is the tea: First PT coming in at the daily at $11.56. Break above the daily and the next PT is at the weekly $14.37. These two will act as very hard resistance and if both are to break then we will head to the monthly at $21.10, but we will analyze that part when we cross that bridge. RSI...
#IRCON SWING TRADING STOCK Entry - 250 SL - 225 Targets - 280, 320 @Jagadheesh_JP
Hello wonderful friends! As can be seen on almost every timeframe EURUSD continues to show significant gains, with price gains surpassing the 1.0700 level as highlighted on the chart. At the same time a cup of handle is forming which increases the possibility of breaking the resistance and taking a distribution. In the current scenario and trend, the possibility...
Views for the bulls and bears on this one. price currently in the 618 382 fib zone forming variations of a flag and bearish triangle. Price still sits above the 200MA although very close - balanced market. - For bears we need a break below 2280 with views to 2260/2255. - For bulls we need a solid push higher and break of falling trend line support.
🕵️♂️ Let's delve into this Metaverse coin in the world of cryptocurrency, analyze it, and if we find an entry point, consider adding it to our mid-term portfolio. 🚀 In the weekly timeframe, this project is still relatively new, with limited candle data for diverse analyses. Therefore, we'll keep the analysis simple. 💰 Before diving into the analysis, it's...
Hello everyone! On H1 before, we can see a changing trend, followed by a strong selling phase, reaching a level of $63,122 at the time of writing. Speaking of breakthrough: The support level at $63,200 couldn't make the BTCUSDT market turn around, and the short-selling strategy continues to prevail recently. The technical downtrend seems to be gradually...
Hello wonderful friends of Ralph Benjamin! What do you think about this metal's next trend? In general, gold continues to maintain a relatively stable downward trend at low levels. The current decline poses near-term risks, which could be exacerbated if strong US economic data leads to further delays in the Fed's expected interest rate cuts. That said,...
💹 Let's delve into this cryptocurrency, ATOM, and review our previous position update. If there are new entry points, let's analyze the chart again. 🕰️ In higher time frames like the weekly, except for an event in September 2022, we're still oscillating within a box. Currently, there's no spot entry for buying, and it's better to wait without getting involved...
#NHPC STOCK ENTRY FOR SWING TRADING Entry - 100 SL - 86 Targets - 115, 135 @Jagadheesh_JP
📈 Trading Alert: High Impact Dollar News Incoming Today on the Dollar!!! Friday NFP Market Insights: Prepare for significant market movements as we delve into High Impact Dollar News & Today's Trading Analysis! Today, anticipate major announcements like Unemployment Rate and NFP. Join me as we analyze today's trading ahead, exploring potential market movements...
This chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory. Reasons are stated below : price tested 168 levels twice on weekly tf and finally has come down to retest after a strong...
With todays price action we see a nice rejection off the falling trend line resistance. US data pushed price for a possibly breakout only to run into resistance and break back down to continue downwards. Price is now forming a bearish triangle pattern with support currently being tested. The plan? - Hold for break of this key level of support - Wait for a...
This year JPY hit new lows across the board in last few weeks even though BOJ decided to end its ultra-loose policy, by raising rates for 10bp in March. USDJPY broke higher, out of a triangle on a daily chart, so we know that this is most likely final leg with a higher degree wave III/C. In fact, there was a nice push up to 160 resistance not seen since 1990,...