📉 Market Outlook: Polkadot (DOT) has reached a significant support level after consolidating for approximately five days. This presents a potential low-risk opportunity to initiate a long position. 🎯 Trade Plan: Entry Range: Consider entering the trade between $6.00 and $6.50, aligning with the current major support. Profit Targets: Aim for profits at $8.00 -...
Bitcoin has been moving in an uptrend since the beginning of 2023. By looking at the current price action and using the impulse-correction-impulse concept, we can see that Bitcoin is preparing for another upside move toward 100k. Using Elliot Wave theory, we are now in wave 4 ( Correction ), and what we are expecting is wave 5 ( Impulse ). LONG Entry: - Look for...
Bitcoin Halving in just 14 days. Possible pullback to FWB:65K ish to grab some liquidity and after a massive rally to $83.500
📈 Let's delve into the analysis of the USDJPY forex pair for the closing day of this week's market in the futures. 🕰️ Currently, this forex pair is suitable for logical trading on my watchlist. In the 4-hour timeframe, after an uptrend and revisiting the most crucial resistance level of this chart, we have reached it again. 📊 Following a correction from this...
XAUUSD 50/3 Strategy - Today's Analysis and Forecast** Overview: In today's analysis, we'll be examining the XAUUSD (Gold) pair using the 50/3 strategy. This strategy involves utilizing the 50-day moving average and a 3-day indicator to identify potential trading opportunities in the gold market. Technical Analysis: The 50-day moving average serves as a key...
EURUSD has been recently moving in an uptrend. According to Elliott waves, an uptrend has 5 waves where we have 3 waves in the form of an impulse and two waves in the form of a correction. We are currently in wave 4 ( Correction ) and looking for wave 5 ( Impulse ). LONG Entry: Watch for a bounce-off Wave 1 structure that lines up with the 0.5 Fibonacci level...
EURUSD has been in a complex correction for several days. Looking for price to complete its retracement to 61.8 - 78.6 fibonacci levels where we'll be looking for buying opportunity. LONG Setup: - Watch for a reversal pattern around fiboacci levels. - Stoploss: Below Price after entry or below recent lows ( safer ). - Target: Recent highs and -27 fib Good...
Sorry I haven't posted in awhile, here's a quick analysis on SPY. As mentioned from the last SPY analysis back in October 27, 2022 that we're still correcting in the market. Now here's an update after finishing that correction in the market. (#SPY) - Update, we're finally finishing this nice retest on SPY after breaking the downtrend. We can drop more to $395...
🔍 Strategy Overview: Condition: Testing the $3.00 - $3.15 support area. Entry Criteria: Ladder entry within the support zone. Targets: Aim for the next resistance levels at $3.45 or $3.65 - $3.80. Risk Management: Set stop-loss just below $2.80. 📢 Analysis: Utilizing laddering within a strong support zone provides flexibility. Keep an eye on market dynamics and...
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . ! Great BUY opportunity EURNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad...
Hello Traders, today I do not have an analysis for you. -------- Share your setups/trades in the comments: Below this post you can simply share you current setups/trades and I will personally take a look at every single setup and share my analysis and opinion. I will then also share a new image containing my breakdown of your asset. You can literally share...
📊 Technical Overview: NYSE:DIS : Disney, a legacy media and entertainment company. Key Levels: $84.00, $85.00, $124.00, $126.00. 📈 Trade Analysis: Streaming Business: Disney's efforts to turn its streaming business profitable. Cost Savings: Annualized cost savings, especially in streaming. Theatrical Releases: Several theatrical releases from iconic...
🔄📈 FTM (Fantom) Trade Analysis - Testing Range Resistance for Potential Breakout! 💹🚀 📊 Technical Overview: FTM (Fantom): Testing top of the range resistance at $0.4025. Scenario 1 (Breakout): Potential entry if it breaks and converts $0.4025 into support. Scenario 2 (Retrace): Entry if it retraces and retests around $0.3750. Stop Loss: Scenario-specific stop...
📈 Technical Overview: RNDR: Testing the top of the range support level at $4.40. Potential opportunity for a long trade. Consider taking profits at $5.00 - $5.30 and then at $6.00 - $6.50. Place the stop loss just below the lower support level, around $4.18. 📊 Trade Strategy: Trade Opportunity: Long trade. Profit Targets: $5.00 - $5.30, $6.00 - $6.50. Stop Loss:...
📊 Current Market Status: AVAX consolidating in the $34.00 - $36.20 area of support. 📈 Chart Analysis: Oversold on the 8-hour chart. 🔄 Trading Strategy: Spot Long Trade: Initiate a spot long trade in the oversold support area. Take-Profit Areas: $40.00 - $42.50 and then $50.00 - $53.00. Stop-Loss: Set just below $30.00. 📣 Conclusion: Utilize oversold conditions...
Hey Everyone, Please see update on our daily chart idea, which is playing out and respecting the channel dynamics. Last week we stated we were seeing price head towards 2043 and will need to see a break above this level with ema5 to open test for the range above or a failure to close above this level will see price retrace back down to complete the channel...
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We the tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test,...
Technical analysis on DXY daily chart reveals several key points: Positive Reaction at 100 Support Zone: The price has shown a positive response at the strong support zone of 100, continuously rising throughout the past week. Breaking the downtrend structure at 102.25 signals the strength of buying pressure. Expected Correction and Continued Upside: Anticipate...