I like trading the ranges on the indices I see NASDAQ hitting previous highs and it's showing a Horizontal Trading Range. If only US30 / Dow was also heading down, we would have higher chances. But a Short here will be proven wrong with a very small stop loss. IF proven right, the risk to reward could be as high as 1:5 or 1:7 even I'm short as marked.
Hello everyone, First of all, please tap that like button or leave a comment to show your support 👍 1) potential liquidity below $46,000 2) 25x long liquidations 3) deviation 4) new range?
XAUUSD is in a range trading and it hit the support line. if it break the support we can see strong descending trend; but if it break the descending trend line it will go up.
VeChain has reverted to the means and stalling at current prices, which are also at the 50% retrace of this entire bear leg from the 20-FEB high. Clear chance we could see another leg down from here unless we rally back to above 0.052. We could also see more trading range price action (sideways) before VET decides to resume its rally or give more discounts...
Litecoin is acting funny IMO. Seems to have lost momentum and is currently showing bearish signals (maybe for a potential deeper correction or a re-test off that recent low at 111.00?). Looking for a breakout here but I'm thinking it can go in either direction with a 50-50 chance so not a good bet right now for me until we increase the odds a little for either...
Like & Subscribe(Thanks for the support). OH! Bitcoin Trading Ranges can be very Mean, especially if you are new to trading because in so many ways it can lead to you loosing your mind if you are ever caught in such trading conditions. You feels like you always miss the pump and when you finally see a pullback, and jump straight in (FOMO) that is when the trading...
Strong pullbacks always have at least 2 legs so I think here it is finally. Recent lows need to hold for the bulls and need to break for the bears. I have 33,000 as a support, followed by 30,700 (previous bounce area--- check 4HR Chart below).
Overall the monthly we can see a buy, which we are currently in. On the daily - we have our blue supply zone and our purple zone is our fresh support. The price is currently in a buy - despite a sell off this morning. We have an opportunity to continue longs here. Just be patient as price is forming a zone at 1.1812 which is 0.382% - again confirmation of...
Looking for breakout setups out this funk we are in for this pair. Bears are looking for a break below 104.00 but we may be seeing the start of another bull leg in this unending USDJPY trading range. Let's see if market could forge out a break in either direction. For the bullish scenario, I'm watching levels marked by green boxes which are confluence resistance...
Ethereum showing some strength recently but is still trapped within a 5-week range. Bulls need a weekly close above 395 which is the high of the range and which the bears might be viewing as the first lower high of a new bear trend forming. A show of strength from the bulls could help dispel that...