This stock looks good for a swing trade. Reasons are stated below : 1566 levels acted as a resistance but the price broke that level and now its retesting the same. Formed a morning star pattern on daily time frame. 0.5 level Fibonacci support. 50EMA support on daily time frame. target - 1950 stoploss - 1508
🔍Today, we delve into the analysis of Optimism (OP) coin, a leading project in Ethereum Layer 2 solutions. Being one of the earliest and most reputable Layer 2 solutions, Optimism has garnered significant attention, particularly from DeFi enthusiasts, due to its substantially lower transaction fees compared to Ethereum. This has allowed users with limited capital...
Hello traders, Bitcoin has made its first 5 waves, now it's time for the abc waves. This is the exact move I'm expecting in Bitcoin, traders. PS: Thank you very much that you support me with your likes and Comments If you have another analysis at this pair, please share in comments, I will be glad to discuss with you. Thank you for considering my analysis and...
1 Week after the beggining of conflict between Israel and Iran in the middle east, Crude Oil is down 3.66%. Price began trending down all week and then on Thursday there was news of a bombing by Israel which caused a spike in Oil(3.5). This whole move was corrected and we are back to being down on the week. This opposes what I believed may play out this week as my...
EUR/USD stays weak near 1.0700 ahead of key EU inflation, GDP data EUR/USD is keeping the red near 1.0700, undermined by a broad US Dollar rebound and a mixed market mood early Tuesday. Germany's Retail Sales rebound fail to impress the Euro ahead of key Eurozone inflation and GDP data releases. On the upside, EUR/USD is likely to encounter first resistance at...
Good Evening and I hope you are well. comment: Big selling today and melted through 80. My thesis over the past weeks was a correction to around 77. We are at 79 and the odds are very high that we get there. Might see another bounce first though. Unsure and we have to wait for tomorrow. current market cycle: most recent bull trend is over and we are...
Sapphire Foods , a leading player in food and beverage industry, emerges as a potential swing trade candidate. Reasons are listed below : Ascending triangle pattern breakout observed, suggesting potential bullish continuation. Bullish engulfing candle on the weekly timeframe, engulfing the previous 13 weekly candles, indicating a strong bullish reversal. ...
The GBP/USD exchange rate shows a lack of direction, hovering below 1.2500 early on Wednesday, amidst US Dollar strength and cautious sentiment ahead of key US employment data and Federal Reserve policy communications. The exchange rate experienced a sharp decline on Tuesday, erasing previous gains amid subdued trading activity due to the closure of European...
🔍In today's analysis, we observe a continuation of yesterday's market movement, characterized by a minor downward trend. Yesterday's correctionary movement, as discussed in our previous analysis, has extended into the London time frame today. This movement has nullified all corrections suggested yesterday, indicating the potential for a second wave of decline in...
I'm finding myself gravitating more towards this crypto over Bitcoin, and that's mainly due to Ethereum's price. I'll explain my chart along with what I'm anticipating. What am I anticipating? Price is currently breaking a key lower-high on the weekly, which happens to also be the same area as the monthly (key) lower-high. Once that bull candle closes pass those...
Good Evening and I hope you are well. overall market comment End of month proved to be volatile and bears made clear that the last bounce was a lower high and we are on our way to new lows. My overall market thesis for the last 2 weeks was, that this bounce should be a W2 and we are in a new bear trend. Now bears need strong selling to break through the...
🔍et's embark on our daily market analysis journey. The market witnessed another minor downturn recently. Bitcoin's dominant bullish candles may have overshadowed, causing altcoins like ADA to experience further decline. Among these altcoins, ADA, which we previously analyzed, remains under our scrutiny. 🔄First and foremost, let's review the trading triggers...
Bulls look strong again on USDJPY. After a presumable intervention, the market dropped by 500 pips on Monday. The price formed a bullish triangle on a 4H time frame then. At the moment, I see a confirmed violation of its neckline The pair may keep growing at least to 158.35 now. ❤️Please, support my work with like, thank you!❤️
Traders, Here's a breakdown of the current situation: Daily Chart: Despite a bullish channel, recent candles show signs of weakness, warranting caution. 4-Hour Chart: The trendline has been breached, and a reversal to this broken level is underway, indicating a potential shift in momentum. Intraday: A pivotal point coincides with previous significant zones,...
There is a nice scalping buying opportunity on NZDCAD. The price test a solid rising trend line on a 4H time frame. As a bullish confirmation, the price formed a double bottom pattern on 30 minutes time frame and broke its neckline. We can expect a bullish movement to 0.8147 / 0.8158 levels. ❤️Please, support my work with like, thank you!❤️
The stock has given a multiyear Breakout in Monthly and continuing its momentum strong. It has decisively broken resistance ranges of multiple years 2010,2014,2015,2017,2022,2023. One may consider to enter on current market price and accumulate on dips for a target of minimum 410.
EURNZD formed a head & shoulders pattern on a daily time frame. The price successfully broke and closed below its neckline. We see its deep retest at the moment. I believe that the pair should start falling soon. Goal - 1.789 ❤️Please, support my work with like, thank you!❤️
In this live trading session video,we look at our open positions on BRENT and potential trades coming on Bitcoin,Etherum,S&P, etc and the thinking behind them. The concepts you learn from this video are cross transferrable principles onto any strategy.