With the price reaching the volume density range of 20700, the supply pressure has decreased, according to the Elliot wave structure, this volume range will be broken soon. Therefore, the return of the market price is temporary
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Beast Trading _ Today's Bitcoin Analysis Bitcoin continues to flow in a similar way, so today I'm going to give a briefing on the Ethereum chart. First, you can find parallel channels formed up and down at the high point, where the resistance is valid without breaking the resistance line, and the lower line was originally a support line, but a strong drop broke...
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I can imagine this as a possible PA for Ethereum in the coming weeks, but since the merge is going to happen, the outcome will probably affect its perception of value strongly. I will try to trade my idea cautiously on both ways while waiting for the long around my AOV as the main position.
Hello traders I have a perfect opportunity to sell AUD/JPY There is a break of the trend line + supply area + correction below the level of support and resistance
Pair: USDJPY Timeframe: 4H, 1D Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: Need a big push up with alot of bullish momentum as we have already broken key levels of resistance and using them now as support ————— Level needed: need a close by 136.890(bullish) ————— Trade: Long RISK:REWARD...
This my bias on #EURUSD... I will be monitoring the pair to see if price follows my projection for me to make an entry... I hope it helps, please drop a like, comment and follow me for more!!
Using Elliot Wave Analysis this is my primary bias... What's your take? Drop a comment
Recent pullback likely nothing more than a shakeout before we moon. We have corrected to fib 0.618, 4hr Vegas Wave, and trend line, so there is a strong possibility we start moving back up from here.
I Think if Break 20700 Then this wave X and Next Target 13 K in Wave Z Good Luck
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I sold Bitcoin and now I set a stop loss when entering and now if Bitcoin corrects below the support level and breaks the correction strongly, it will go to break the bottom first and then the 16500 level Previous analyses can be found