Overall move on the daily seems to be approaching SUPPORT AREA, it's no doubt we are looking at LLs and LHs, price has retested S2 and currently a consolidation happening on S2, a successful break below 123.391 gives a potential SELL OFF. move is 89 Pips.
price currently retesting kEY Resistance area with the expectation that if price breaks this level above we should take a sniper entry from 15M time-frame and focus the first circle RESISTANCE retest and possibly 114.707 ALTERNATIVE SCENARIO: if price retest with a rejection at the RESISTANCE AREA with a spinning top and a strong bearish candle or Bearish...
Fib lev at 50% created a Strong Support which gives Shiba a Buy to create a VALID TREND-LINE RESISTANCE with a retest of the RESISTANCE above 38.2% fib level. we are seeing a Channel Down with price pointing towards 78.60% as target.
From my previous 4H analysis shared, I forecast a possible Bullish Move which Daily time-frame is in-line with.
At the break-out below the Key Support area, price did a temporary sell off with a 50.2pip. Looking closely to the Bullish candle building up, a spinning top was created with a Bullish Candle after that and this indicates a potential and a high probability entry.
Possible move for DENT. Dent has been showing strength lately from previous accumulation with a successful break-out which priced all the way to 0.008949 on the 15th Aug 2021 which created a RESISTANCE AREA, and a sell of the retest the price at 0.004744. The price level 0.004744 hold strong making price bounce off the support with a retest back to the previous...
Current consolidation below R.zone. What to expect? 1) A possible break-out of the consolidation with a STRONG BEARISH Candle; if this happens, we are selling to the S.zone at 59411. 2) A possible break-out of the consolidation with a STRONG BULLISH Candle; if this happens, we are buying to the 63731 and a possible retest of 62954. if the price level holds...
This Indices has been on a steady uptrend, we have seen a clear break-out, retest and continuation. From the chart we have identified that the price is currently trading in a channel up, a successful to buy to the upper trend-line acting as a RESISTANCE if we can see a rejection with spinning top and or a Bearish Engulfing at this trend-line acting as RESISTANCE...
Bullish Scenario: Currently price has rejected 0.068800 and if the current candle also reject the price level and creates a Bullish Engulfing above 0.072389, a possible consolidation might occur right above the price 0.072389 and if a clear break-out is later seen just above 0.075480 a buy stop order can be placed a little to target 0.081477 Alternative...
from my previous analysis I expected a sell off to be high probability, however in crypto or related market you can't decide for the market so you have to be open for what the market throws at you. here we are looking at continuation from previous sell off.
Price currently creating consolidation below RESISTANCE, a Strong Break-out below gives sell off to the SUPPORT at 50977. if the support holds strong then we are seeing a buy to retest the 64566 and a further break-out of the RESISTANCE gives a potential buy towards 70-75k.
considering the chart, the circled part was a false break-out which created SWING LOW from the Previous SWING HIGH, CORRECTION of 50% completed with a CONTINUATION which broke the 0.00% SUPPORT LEVEL of the Swing Low, a RETEST to the TRENDLINE now acting as a Resistance then a continuation which created he recent Bottom Valid Trend and an Asymmetric channel up....
Before I proceed, check my previous Daily Post on Bitcoin to have an Overview of what we are working ON. on 4H we have seen a valid Trend-Line with Break-Out, I am a FAN of Consolidation Break-Out at Resistance and Support Zones. This Break-Out are important part of my STRATEGY. Okay, back to the chart, we have seen a break-out of the Downtrend and a retest of...
Considering the Bearish Trend which created a LLs and LHs inside the Ellipses, we saw an invalidation through the channel which tried to create a HHs and HLs but then the ZONE from the HH was a SUPPORT AREA which we saw a consolidation and a break below, the Break-out was also a consolidation which we were expecting a break either above or below but the certainty...
Gold is on my watchlist for the coming week, as always, I focus on assets I want to trade during the week. We have seen a Major SUPPORT ZONE around February, 2020, and a retest creating a consolidation to the SUPPORT ZONE around April - May of 2020, a successful break-out seeing the price rally to the ATH in 2020 with a steady decline to the SUPPORT ZONE in...
Before I proceed with my view on this chart, I want to believe as a trader you already know the importance of 200 EMA acting as a Dynamic Resistance and Support, we have seen a break-out below the 200 EMA and a steady consolidation just above the SUPPORT ZONE AREA from January, a rejection at the Dynamic Resistance. We saw that price did range for some days before...
Based on daily timeframe, we have a valid uptrend with previous resistance (left shoulder) turning into a temporary support after a short term long position above the resistance. A new High as been created forming an Head with a retest on the confirmed trendline, a second retest to the resistance with a temporary or false breakout above the resistance and a...
After a temporary consolidation at support turned resistance zone, we saw a strong momentum to the downside creating a LOW on the 13th May, 2021. Then a correction 61%+ which created triple top pattern with a sell off creating a confirmed (SUPPORT) TREND-LINE on the 23rd May, 2021. With this confirmed trendline in view, we also confirmed a double bottom which...