NCT is similar to the STORJ play in technical structure. The price range has been tight and the last few candles are making higher lows, but a lack of volume or sell off in Bitcoin could invalidate this play.
USDJPY "Bearish scenario" could be activated after crossing under 143.900 "Bullish scenario" will be valid after breaking the trend line
RIOT formed an Adam and Eve base formation and began to break out of its first neckline @7.80 on 17 March. We then saw a classic "breakup and retest (of neckline) several days later before it began to propel on strong volume to break decisively above its 2nd neckline @10.50. Alas, just when we thought it was on its way to the moon after hitting high of 14.43 on...
RIVN went into basing formation since March 2023, testing the level 15.60 (neckline1) at least 4 times before a successful break up on 29 June, followed 2 days later by a huge volume gap up 3rd July. As of yesterday it closed right at the 2nd neckline @ 21.70, which incidentally is just above it's 200 day moving average (a positive). It's RSI is very strong and...
On EUR/JPY, we have a bearish trend following the news released during the Asian session. The price has formed a supply zone with a value gap and a breaker block. These are two potential entry points with a target set at the second lowest low. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings and have a...
On NZDJPY, we have a bearish setup following yesterday's rally. As the price rose, it created a breaker block around the 0.8913 area. This will be our entry point for a long position with a target at 0.8966. The breaker block was formed on the M15 timeframe when the price broke out of the previous supply zone. It would be fantastic if you could share your opinion...
On USDCAD, we have a bullish setup with the price retracing to the 1.3226 area, touching a minor demand within the main demand zone. I have used this level as a possible entry zone with a target at 1.33. With the upcoming OPEC and FOMC events, the dollar could potentially have a bullish push this morning, considering also the DXI, which appears to have a bullish...
On GBPNZD, after a short setup, the price has entered a box drawn on the H4 chart with a strong reaction. Here, the price could reverse, which is why I have set a long trade with a target at 2.0650 and a stop loss at 2.0490. I would like to point out that on the M15 timeframe, the price has formed a bullish candlestick pattern with a retracement to the 50...
We are currently around an important level of activity, so I'll wait to se reaction of the market to the level. My overall bias is bullish on the pair, but different scenarios should be considered anyway. The details of entry in low time or entry without confirmation are personal and it is suggested to use different methods for better capital management
On GBPNZD, we have had a bearish setup since Wednesday the 28th. My trade is based on a price retracement with validation inside a value gap around 2.0765. The price experienced a spike at the entry, retracing to the 61% Fibonacci level. The target is set at 2.0647, which corresponds to the second low we have on the H1 timeframe since our entry. It would be...
On GBPUSD, we have a bearish setup after the US data. My trade was opened after the price validated the value gap around 1.2618 with a small spike. Now, I expect the price to drop to 1.2560, where we have an interesting zone on the H4 chart for a possible trend reversal. Everything will be postponed until tomorrow morning when the UK data will be released. It...
On CAD/CHF, we have a price at 0.6870 where, according to my analysis, it appears to be consolidating before a potential upward move. I believe it could be a long position since we have a price with favorable volumes and a price that has retraced within our reaction point. The target is a simple 1:3 risk-reward ratio, as we have an equal amount of selling volumes...
Every chart has a story to tell and this is the story of this one: We have been trending up until we have hit resistance After the hit we start ranging around resistance area Last up move fails to stay above resistance Next up wave has an Abnormal Speed Index of 27.2 = HTMU (hard to move up) = sellers Plutus confirms the short with two signals PRS (Plutus...
Aditya Birla Capital has given a 5Y breakout with good volume. Also bounce back from 50% Fibonacci retracement. RSI is 65 showing strong buy zone. Buy price - 162-165 Target 1 - 178 which is 10% Target 2 - 194 which is 20%% SL - 154(5%) Disclaimer : This is for educational purpose only. Take advice from your financial adviser before investing.
On GBPAUD, we have a price that, after a nightly descent, bounced back in the VALUE GAP area highlighted in orange, around 1.8970. The trading strategy involves entering this zone with a target at 1.8850. Keep in mind that due to a wide stop loss, the price may linger around the stop level, touching the 38 and 50 Fibonacci levels before potentially descending by...
NYSE:IFN India Daily 9% dividend Volume Profile : VAH Value Area High not likely to be resistance given the acceleration as price punches it at high volume. Target: top of fork SL: there's a fractal at 15.80 Not advice
On NZDCAD, we have a bearish setup during the London session opening. I anticipate a potential retracement to level 0.8114, where we have a value gap and a supply zone with high trading volumes inside. In that zone, I expect a price bounce followed by a descent towards the 0.8075 area. We would appreciate it if you shared your opinion. We would be grateful if...
Left Chart: 1. I have displayed a head and shoulder formation that could take around 42k BTC. I already posted this scenario a couple months ago on my Twitter twitter.com Middle Chart 2. I drew an ABCDE move on the middle chart for longer-term and mid-term price forecasts. The short-midterm ABCDE move, which we have just confirmed/completed, suggests that we...