Here we go again! I see more downside for the Lira, tough times indeed. Notice the breakout of a wedge pattern. That is my thesis. Good luck out there guys. 1% Risk 4:1 RR
As we can see in the chart, the probabilities are listed. Weekly close area and on the other hand weakness in the process
USDT DOMINANCE BEARISH = BTC.D BULLISH = MARKETS BULLISH due to negative market correlation. lets see how this plays out
As for now, Turkish Lira is still ABOVE 2021´s Close (Black Line) and Came back to Restest it. Hence the Bullish Bias Remains. If price starts going up it will end at yearly R3. If price breaks below yearly S1 (what I find unlikely) the yearly downtrend will be to S3. For Educational Purposes Only.
In long term USDTRY analysis, we got Fibonacci resistances at 17.44 TL, 27.71 TL and 38.52 TL. If we go down EMA's can hold us.
going to hit top of trend line soon. USDT.D down = btc pump -> altcoin pump. last 2 USDT.D crashes pumped BTC in Sept 2020 and Jul 2021. why? USDT.D goes down when it is spent in the crypto market, effectively money flow and giving us an idea at the current market sentiment.
USDTRY tendency upward Entry: above 14.85 TP: 14.90 & 14.95 & 15.30 sl.: 14.83 risk 1.5%
Strong Support zone (14.30 - 13.82) RED Triangle represent to down till 14.32 ------ Green Triangle represent to Up till 14.97 & 15.50
RED ZONE ( 14.80 - 14.85) ~Above the zone will be upward ~Under the zone will be downtrend
Altının satış baskılarına dayanamaması, alt likiditelere gitme olanağını arttırıyor. Bugün sert bir satış yedi.(günlük kapanış gelmeden bir şey söylemek zor fakat satış hacmi fazla) Altta gösterilen bölgelerden güzel bir alım noktası bulunabilir. Oradan alınan bir işlem sonrasında ise trendlere retest vermesi beklenir ve muhtemel düşüşüne devam eder.
My forecast for USDT - TRY For the next hours: Strong move to 14 level, followed by retracement to 13 level, then upward continuation to 15.5 level before any move to the downside.
usdtry still now have upward direction Tendency : upward entry: above 14.740 tp.: 15.150 & 15.600 & 16.000 sl.: 14.250
Upward trend zone. —— Tendency> upward Entry: above 13.50 Tp.: 13.85 & 14.20 & 15.5 Sl.: 13.35
Us Dollar vs Turkish lira, now it look to the new direction by breaking 13.82 will be upward. But under 13.00 will be downward .... Upward: above 13.30 Tp.: 13.60 & 14.20 & 15.5 Sl.: 13.30
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (13.4582). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (13.4582). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts...