BINANCE:BTCUSD , after a shake-up (False Breakout), relative to the liquidity zone of 59-60K, is forming a bullish impulse, which is also favorably influenced by fundamental reasons On the local timeframe there are signs of the end of the locational correction and the beginning of the formation of the third wave. The bullish trend is starting to revive, but...
In fact, everyone should have noticed that the market this week is too boring. Gold currently continues to fluctuate in the range of 2320-2307. This gives many people who trade gold a headache. So what will be the short-term trend of gold? This is a point of concern for many gold traders. Combined with the picture above, the market is currently in the stage of...
Neutral Trade Overview: Engage in trades that capitalize on market volatility without bias towards bullish or bearish sentiment. Fibonacci Extensions: Strategically place buy or sell orders at Fibonacci extension levels to anticipate potential price targets in both upward and downward trends. Fibonacci Retracement: Utilize Fibonacci retracement levels to...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the support level, which coincided with the support area and started to grow to the resistance level. In a short time price reached the 1.0895 level, which coincided with the seller zone and soon broke it, after which it even...
Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price declined to the resistance level, which coincided with the seller zone and even fell below this level but soon backed up to the seller zone. ETH some time traded in this area and later rebounded up to 3717 points, after which it turned around and made a...
Price is compressing inside a triangle and a sharp move will soon happen Usually triangles are neutral figures without specific direction
GOODLUCK formed a descending triangle pattern on daily chart. With multiple support level tested, it is looking good. Stop loss can be held just below the breakout candle with entry just above today's high. Target could be 52 week high giving an ideal risk reward of 1:2.4. Hope you liked this idea, if so please boost this idea so others could benefit or leave a...
According to the drawing, the right shoulder is being completed
RITES formed a symmetrical triangle pattern on daily chart. With multiple support level tested, it is looking good. Also looking at the way the price has broken out of resistance with charging bulls, probability of price going up is higher. Stop loss can be held just below the breakout candle. Any swing low could give you an entry with target at 52week high....
SCHNEIDER formed an ascending triangle pattern on daily chart and broke out of resistance with strong bullishness. Looking at the pattern formation, could see bears are weakening on every swing before breakout of resistance. One could have stop loss just below breakout candle with potential target close the width of triangle. Risk reward is also favorable in this...
NYSE:CVX has been on a tear since January. There is a well defined upward trendline. Look for the Ascending Triangle breakout over the next month.
FX:XAUUSD is consolidating above the important for the market level of 2378. Bulls are trying to keep the defense above this zone in order to continue growth on the background of weak dollar. Gold is recovering after leaving the correction channel. The price is once again near its highs (ATH), within the current move the price could quite possibly renew it if...
Hello Traders and Investors, today I will take a look at Dogecoin . -------- Explanation of my video analysis: In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish...
Quite the long-shot macro idea here. Looks like a H&S; is forming - if so, short from the right shoulder, DCA'ing into the position. Exit near the bottom of the triangle. After the price breaks out from the triangle, there could be fireworks to the upside, after a test and retrace. This is entertainment for me, this is not a serious post. DYOR.
BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200. An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken...
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...
Not Financial Advice BINANCE:FILUSDT has been trading in a symmetrical triangle for more than 1 month, and is now retesting the resistance trendline. The RSI broke its trendline, this is a potential leading signal for an imminent price breakout. A successful breakout of the triangle's resistance trendline could mark a reversal and lead to a retest of...
Hey everyone! If you find this content valuable, please consider giving it a thumbs up and following for more analysis. The interesting technical pattern forming for ETH on the 4-hour timeframe. The price appears to be consolidating within a descending triangle pattern. If a confirmed breakout occurs above the upper trendline, it could signal a potential price...