hesham07
This trading idea focuses on the EUR/JPY currency pair on a 45-minute timeframe. The chart highlights several key elements: Support Level: Identified at approximately 159.887, marked by a purple horizontal line. This level has shown historical significance, providing a potential area for price bounce. Ascending Trendline: Starting from the low in...
The price is currently in the upper part of the ascending channel, indicating strong bullish momentum. A breakout above the green resistance zone could signal a move toward higher levels, likely beyond $8.50. If the price fails to break through the green zone, a pullback to the channel's lower boundary or the yellow support zone is possible.
1. Trendlines Green Ascending Trendline: Indicates an ongoing bullish trend, connecting higher lows and showing upward momentum. Blue Long-Term Trendline: Suggests a stronger long-term support level that aligns with the overall bullish structure. Black Descending Trendline: Marks a resistance zone from a previous downtrend, now broken, signaling a...
sand just broke a a weak support zone , a good chance to short and make some profit, don't high leverage , market not stable. sell of once it reach the strong support zone. Thanks and good luck
Trade Setup: Bullish Scenario: Entry: A confirmed breakout above $10 with volume or a retest of the ascending trendline around $9. Targets: Short-term: $12.50 and $15.00. Long-term: $17.50 and $20.00. Stop Loss: Below $8.50 to invalidate the ascending trendline structure. Bearish Scenario: A...
The recent news highlights that Ripple is expanding RLUSD adoption by integrating Chainlink's price feeds, further enhancing the utility of stablecoins. This development could contribute to increased market interest in Chainlink (LINK). At present, LINK has reached a critical support and high-demand zone between $20.50–$21.50, where buyers have historically...
The price has recently broken out of a downtrend channel, indicating a potential bullish trend, supported by increased trading volume. Traders might consider entering a long position above $10.20, targeting $15.00, $20.00, and $25.00, with a stop loss around $8.00. Monitoring key levels is essential for managing risk and navigating the trend.
i think it gonna bouns back but let's see what BTC has to say about that.