A nifty aphorism by Mark Twain. The current bullish sentiment on Gold is analogous to that of Dow Jones Index in Feb 2020. We all know how it went next. I will label the current uptrend in gold as a Y (abc) wave of a larger double three (WXY) as depicted in the chart. The b wave in this Y structure is a running triangle with 5 three wave structures. Using 1 X of...
The reason MACD is not so reliable even with blue chip analysis; as seen in the graph the rising movement in the MACD indicator leads the buyer to think the price is going up and at the same time using a measuring stick it had been 50 days since the last price increase, instead of going positive like the MACD and timeline would lead one to think, the price went...
This is a monthly chart of ETH highlighting the rate of change in the slope of the trend from bull run to bull run. While still very bullish on ETH the rate at which the trend is exausting can serve as a useful tool in forcasting "potential" targets in the future. Looking at the two previous bull runs we can see the first run was 70 second 60 and forcasting...
When the yellow squiggly line starts to smooth, that's a sign the price is about to trend over the top of the peak and carry over the over the other side. No sign of any prices crossing over moving average lines yet.
This chart is a supplement to the chart posted previously this year and linked below/ It seems irrational but when it comes it comes and the sky is the limit. With that said it is crypto, it is a meme coin, it is high risk. This is the doge weely chart and looking at the curvature of the price action, oscliator, and money flow price appears to be entering what...
Hey everyone!! Here I talk about USDCHF and give a little update on my Trade Idea "Last Leg To The Finish Line" Since it went over so well and continuing to follow suit, I wanted to do a Video Update on the idea to give a little insight on what I was seeing as the pair unfolded for the year and what I'm looking for in the near future!! Please let me know what...
Hello,Traders! DAX broke out of the Long-term rising wedge And the breakout is confirmed So we are bearish biased now And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Crypto assets across the board are looking ready for a possible pump and UNI is no different. Current Trading Plan: Stop loss on this is much higher as it is a lower liquidity asset and in the 10% area below the current trend line. Target 1 is the 50% retrace level for approximately 17% Target 2 will be 78.6% retrace level for approximately 30% Trade Well........
I consider these 4 components when taking my trades. Levels - Look for previous Resistance levels to become areas of support, Look for previous Support levels to become areas of Resistance. Structure - Basic Elliott Wave Concepts. Look for An Impulse Leg making a new Higher High or Lower Low, then wait for a pullback to Level. Structure qualifies Identified...
Expecting 1 final impulse move up (Wave 5), which'll be fuelled by new buyers getting into the market for the BTC halving. This'll push BTC up anywhere between $77,000 - $84,000 which I'll be targeting. ⭕️Wave X Complete, Wave Y Pending. ⭕️3 Sub-Waves (A,B,C) Complete. ⭕️Wave 4 Retracement Complete, But Wave 5 Pending. Invalidation zone below Wave 4.
#INJ The price is moving in a downward channel on a 12-hour frame, about to break upward The area in green is a very strong support area, from which the price rebounded at $31 We have a downtrend on the RSI indicator about to occur. The fraction is up We have a higher stability moving average of 100 Entry price is 32.90 The first goal is 40 Second goal 46 Third goal 51
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
MANTA/USDT currently shows strong potential for a breakout, particularly within the confines of a triangle pattern. Based on technical analysis, there is anticipation for an imminent breakout in the near future. It is advised to closely monitor the price action of MANTA/USDT to capitalize on a potentially lucrative opportunity should the breakout occur...
SOO, nowdayz good projects are rarity, but ENA is what u want to hold, I guess. Binance was very kind and generous(NO) to let us farm some tokens, and its brand new thin', we all wanna pick up. ANYWAY To be honest, I don’t like everything related to ETH and its commissions, I also associate the word ETHENA with something bad, and you will understand this if you...
Where will Bitcoin go? My personal opinion is that Bitcoin should test this area again and then decide on the rest of the way
USDJPY - Waiting For BOJ Intervention - Boring Situation 🚨 BOJ representatives are sending other messages even today. So far we have only seen comments from them. Let's hope the big wave happens soon. I think the exchange rate situation is a big problem for them as it affects the economy in general. As long as the exchange rate does not move relative to the...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
gala | galausdt | galabtc idea back on support 1hr growth rate is 155%