My First Idea here, I would like to think of it more like an intuition vs. technical analysis. MNY has made some patterns I noticed especially like around 24th-25th of a month, entering a consolidation area for 2-3 weeks (1.88$-2.00$). waiting for an up trend breakout to exit my position. Facts on MNY: NASDAQ Listed Positive performance & earnings Low...
in daily timeframe and Heinkein ashi candle view trend line is broken and pullback is made
The market's correlation with EUR is evident, and FX:NZDUSD is currently testing a key resistance zone on the weekly timeframe. The momentum has stalled in this area, with candles displaying a contraction. This zone has been tested multiple times in the past, each time resulting in a lower price action. Given the market's overextended state, I expect a...
🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
GOLD is near the psychological level of 2400. The chart reacted with a decline on reaching the upper boundary of the ascending channel. We expect a pullback to the area from 38.2% to 62% retracement levels of the last bullish impulse, which coincides with the boundaries of the wide-range candle. ------------------- Share your opinion in the comments and...
After experiencing a parabolic increase of 200% over 200 days, BNB coin has now reached a significant resistance zone ranging from $616 to $660. Current Market Perspective: Given the current conditions and Bitcoin's behavior, a correction and consolidation period for BNB is highly likely. For those who took positions at $255 following advice from Trade City Pro,...
On the above 12hr chart price action has corrected 70% since early April. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. The first higher lows prints since March 20th. You saw what happened when the first higher low print was correctly identified 48hrs ago on Bitcoin price action at...
On the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action confirms trend reversal. Higher highs higher lows. 3) Price action confirms support on past resistance. (Green bar). 4) The inverse head &...
BINANCE:APEUSDT forms a conglomerate of patterns, the realization of which can lead to a trend change or forging rally. A bear market may change to a bull market The coin has found a bottom by forming a strong pattern. Consolidation is forming, but local prerequisites give an opportunity to the growth of the coin. On the local timeframe the price broke the...
Hello Traders ! After a Huge Bullish Move, The AUDCHF Price Broke The Resistance Level (0.60078 - 0.59886). The Resistance Becomes a New Support Level ! So, I Predict a Bullish Move🚀 ---------- TARGET: 0.60950🎯
FX:XAUUSD is growing and testing local descending resistance. Growth is associated with the decline in the dollar index on the background of Powell's comments. Ahead of the news on inflation... Technically, on H4 the price overcomes the correction phase and returns to the bullish rut, testing the local maximum. Bulls are focused on consolidation above 2350. If...
OANDA:XAUUSD Price is currently in making of AB=CD pattern where price already have made AB and from point 'c' price have rejected and in our view it is on the verge of rebounding strongly towards 2400$ region. Which remain a key level for many sellers and other institutional traders. Use accurate risk management.
EURCHF is moving in a descending channel between the trend lines. The price has reached the upper boundary of the channel. The chart has formed a bearish takeover. We expect the decline to continue. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
The best returns in the final phase of the bull market shall be afforded to those who enter long positions right now, when emotions are raw. Not when the euphoria comes, anyone can make gains in a raging bull market. Long positions taken now when emotions are raw and traders discombobulated shall make the strongest returns. There are many examples of such...
🔍 Let's analyze and review this cryptocurrency coin together, as we might find new entry points. 📊 In the weekly timeframe, after price support at 0.0771, buyers began entering the market, and we saw green candles that broke through the 600-day weekly box, making a sharp upward move past 0.1880. 🔻 Following this, we hit the significant resistance at 0.4545....
after historic bull run gold price is mostly sideways below $2400 but we have a static resistance 2400 and dynamic support white trend line
Hi everyone, I'm planning to open another BTC UP position on Fybit trading platform after confirmation on hourly chart. After recent price fall BTC is recovering again and ready to break 63300 resistance. I'm waiting when price will close above 63300 on hourly time frame and will open a long position with 10x leverage. First target set at 64400, Second target...