Intraday Update: Bullish pennant developing intraday on the AUDUSD ahead of the PPI data today. Pullbacks have been limited to the 50% retracement at .6560 thus far and a break of .6650 would be a bullish breakout.
It seems that with risk management, you can enter a sell position with a target of $358 and a S.L of $432
🔍Yesterday, Bitcoin was rejected at the 63,200 resistance level and remains within its trading box, potentially heading towards the bottom. As Bitcoin dominance continues to rise, altcoins have suffered more, with many breaking through their support levels and continuing to decline. One such altcoin is DYDX, a DeFi token that allows users to open long or short...
Looking at the global #ADAUSDT chart One question arises : - Did the ABC correction already end in April at $0.40 in 🟥the red scenario? - Or is there another dive down to the $0.30-0.34 area according to🟦the blue scenario? The critical level from below is $0.40 The critical level from above is $0.50 Fixing the CRYPTOCAP:ADA price below or above the...
Gamestop Corp (GME) has been a hot topic in the financial markets, and it seems history might be repeating itself. After a significant drop, GME has shown signs of a potential reversal, with technical probabilistic indicators are suggesting a bullish trend. In this trade idea, I will analyze the current market conditions, key levels to watch, and a potential...
Gold range bound, looking to long when it retraces
Good morning Traders, This is my sell zone for today 💡 Nothing clear to be honest just this zone created on Asia session. It’s a risky one as Asia High is resting above, but will monitor and see how it reacts. We have news today so we might see low volume until news time. Keep it safe 🤝 Trade smarter, not harder! 💼📈 Don't miss out on potential gains - Hit...
Medium-term analysis of COINBASE:BTCUSD indicates that the price is poised to surge towards new all-time highs, with a probability of 65.28%! Let's get into the underlying reasons for this: 1. The current status on the "1D" timeframe is "Active," indicating that the price has already reached and touched the 50% equilibrium level on the current timeframe. 2....
Description: Looking to add to my short position on EUR/USD at 1.0772 with a take profit target set at 1.0664. This trade aligns with my bearish outlook on the pair, with the TP level strategically placed just below the monthly open. Stop loss set at 1.0801. Trade Details: Entry: Short at 1.0772 Take Profit: 1.0664 Stop Loss: 1.0801 Analysis: The...
US30Y headed ⬆️ to 5%? If it breaks above 4.83%, then most likely it'll explore the further premium areas of the range. US30Y is currently doing a very methodical climb up, as compared to a very rapid fall post Nov 23. This should be fun to watch! 🤩
eBay rallied earlier this year, and now some investors may see opportunity in its latest pullback. The first pattern on today’s chart is the July 2023 high of $49.48. EBAY tested this level on April 17 and held it again last week. Has old resistance become new support? Second is the rally between February 27 and late March. Notice how the online-auction stock...
Entry from current levels, I also take leverage x2 for myself. TP - $1.29 SL - $0.5 Achieving goals in 2 to 6 weeks. This is not financial advice. Whatever you do, you do at your own risk!
Here are the levels I'm using this week. Key things to watch are the PPI & CPI data as well as earning from big retailers WMT and HD. Powell also speaks this week on Tuesday. Bullish momentum continues but NQ is coming into a completion zone for a bearish Harmonic at the 886 Fib. Potential bullish momo into that level then heavy resistance. SUMMARY NQ posted...
Here are the levels I'm using this week. Key things to watch are the PPI & CPI data as well as earnings from big retailers WMT and HD. Powell also speaks this week on Tuesday. Bullish momentum continues but NQ is coming into a completion zone for a bearish Harmonic at the 886 Fib. Potential bullish momo into that level then heavy resistance. SUMMARY ES posted...
Entry from current levels, I take maximum leverage x2 for myself. TP - $0.70 (294% with leverage x2) SL - $0.2 Achieving goals in 2 to 6 weeks. This is not financial advice. Whatever you do, you do at your own risk!
💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status. 💡If USDT.D% falls, we can expect the cryptocurrency market to start rising ( not all tokens, of course ). 📈From the point of view of Classical Technical Analysis , USDT.D% looks like. It has succeeded in breaking the lower line of...
This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....