ETH is trading an important level of resistance, and in confluence to an hourly trend line I think ETH might trade to 1902-1905.
The ideal situation here is that BTCUSD stays in the triangle between the dashed and solid lines, and consolidate a bit for a run at the big diagonal trend line above. After that who knows, but there is some strong risk asset momentum at the moment. Still might not hurt to take a little fraction off the table at the big resistance near 38.5k not financial advice
Last week, we initiated a long-term short position above 1990, and this week, we have started reaping profits. As emphasized today, the upward trend is not yet concluded. For short-term trading, consider going long after identifying a valid support level. After testing support at 1965, the market has resumed its upward trajectory, resulting in another profitable...
Hello friends In the pound, Canadian dollar currency pair, we see a complete 5-wave pattern Wave 1 is in the form of an initial triangle with an overlap Wave 3 is extended and wave 5 is shortened Assuming the ABC zigzag correction, wave A and wave B have been completed According to Elliott's rules, in zigzags, wave B corrects between 61.8 and 78.6% of Fibonacci...
BTC needs to close above the $36,800 level for a 4-hour candle to signal a potential move. If it manages to close above $36,800, the target will be $38,500. However, if it fails to reclaim $36,800, the movement will likely start from the current level ($36,400), initially targeting the $34,200 zone and then potentially dropping to $33,400. In the previous...
Today, gold is focused on support around 1973, indicating that the short-term upward trend is not yet concluded. The trading range for gold today is within 1973-1985. Trade Signal: XAUUSD Buy @ 1973-1978 SL: 1969 TP: 1983-1988 Numerous free signals are shared daily. By following my trading strategy, you stand to gain substantial profits!
Bitcoin bounced off the ascending trendline. Asset broke trough the descending trendline. Bullish movement to resistance level at 37950 is expected to happen.
The instrument has formed a level with three approaches after a strong dump, I am considering the situation for a short break after the formation of consolidation near the 8718 mark.
BTCUSD The price is firmly holding above the ascending trendline, and price is also above the support area around $36,500, and price again started rising upwards if the resistance around $38,000 breaks strongly then after correction/pullback price may attempt to hit $40,000 as the next target... Trade Wisely *The content on this analysis is subject to change...
see dotted red line There is a strong local uptrend that could take SPX up to 4600. There's no sign yet that this is over, but breaking the uptrend would at least mean we have entered a period of consolidation. the short-term risk is still to the upside here. At 4600 though there will be fierce resistance not financial advice
Here's my idea for short play for next week targeting 1938. gl all
EURUSD The price is currently above support/resistance structure, and price is currently attempting to break above the short-term trendline, If price manages to break above the trendline I expect the price to move higher... Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
XAUUSD price got rejected from the descending trendline, If price stays below the support, we can expect the price to move lower towards support area around $1,966 area. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
🔄 Recap Last week's newsletter accurately predicted the market's behavior with the CPI acting as a catalyst for a significant breakout from the core downtrend channel. This led to a substantial uptrend, marking one of the year's pivotal trades. 📈 The Markets Overnight 🌏 Asia: Up 🌍 Europe: Mixed near unchanged 🌎 US Index Futures: Up slightly 🛢 Crude Oil: Up...
Chart explains it, breaking of trendlines. dior, not financial advice
The iShares MSCI Brazil ETF has squeezed into a tight range since the coronavirus pandemic, but now it could be nearing a breakout. Today’s chart uses two-week candles to display the price action since 2016. First consider the falling trendline since December 2019, along the highs of 2021, 2022 and earlier this year. EWZ jumped above the line last week after...
Multiple time frame analysis for Gold. Price action & important key levels. Directional bias. Trading recommendations. ❤️Please, support this video with like and comment!❤️
It is now 11:30 am, I have announced my current trading plan in the channel, and I have executed the transaction according to my own trading plan and logic, so the next thing we have to do is to wait patiently for profits. I believe this deal can bring us a relatively substantial profit. Gold is currently trading near the 1977 position. Looking at today's gold...