GBPJPY Techical Anaylsis.
Possible sells to come Will wait for sessions to open with volumes possibly the asian or London.
Currently there is a no trading zone as we are ranging.
waiting for confirmation either a break of formation or a retracement and candles pullback with bull power.
Alerts have been made also waiting for asian session and CPI news tommorow...
USD news FOMC is predicted to be good which could drive the dollar up causing gold to go down.
Waiting for confirmation of break down on sells we are expecting price to go down.
Manage risk safely.
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yesterday was excellent price hit two take profits with a winner left.
rice does seem retraceing looking for confirmation
as promised daily gj trades on asian marter with 2% risk 2trades max
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I will be doing daily TA on GJ. The tokyo market has opened and is about to close
bullish on the 30minute candle. a reversal is possible with volume in the session.
two take profits and one to run at breakeven.
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i do expect price to go bearish if we get confirmation of broken structure.
we can also have a long if we get a run 156.750 and potential 156.850 where price rejected will
guarantee a bull indication.
we have to be patient when entering trade currently market as we are at a crucial level of support
good luck trading and manage risk. anything you see is not...
following previous ta bitcoin when exacty as expected. currently it is a no trade area with no clear confirmation.
waiting for a candle to close out of these ranges on the 30 to 1hour time frames.
as we know by trading we cannot rush the process, let the market do what it wants.
all you can do is manage risk!
good luck trading
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potential short price rejection mutiple times in there 51.4k area. if price passes potential 52k-53k it will cancel the bearish theory
during christmas time market tends to have less volume, this doesnt change my long term theory of btc bull run just short term theory.
anaylsis for quant network which i have been keeping a close eye on.
See potential uses in the coin with many projects happened this year only more to come in 2022.
we see how this plays with stop losses around the 165-170
The whole crypto market is uncertain however we do see a support touch here 3 times or more on the wider range of time scale.
This coin is undervalued entry in the 25 area with stop loss at $21 and take profits at the trend lines and possibily let it run
this is not financial advice this is just my opinion
Crypto market took a dip over -9% just over the weekend due to several political issues with biden taxing crypto, Musk/binance Doge tweets.
Eth market full depends on BTC progress.
Etherum has been keeping the 4k level if we manage to surpass these over the next couple of weeks 5k is the main target then 6k.
A price above 4k is stable with a SL jus below 3.8k...
it has broken the ascending triangle whole market has been bearish...can it continue?
I have highled 0;36 a safe zone to enter...and 0.46-50 as a safe exit......
trade safe this is only education.
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market has tooken off with over 500% rally in a week, i am keen on a pullback at the highlighted zones.
i have been keeping my eye on this token since 0.00000043 while it has took off with its white paper released on its website now
thought i do a analysis on it, it does have a small market cap and is a meme coin so will have to be careful.