KUCOIN:TAOUSDT had an incredible move up last month, nearly 2x from the mid-300s to a high of $480. We've hit a short term high, and seem to be in a consolidation phase. How low will this go? Well, if we look at the Fib Retracement levels from the start of this run up to the recent high, we can identify three likely entry points: $385 $360 $315 If you...
Ready to ride the SNAP wave? NYSE:SNAP NYSE:SNAP broke through the $14 resistance level, and we're now targeting the next major price level at $26. One of the main drivers of Snapchat's bullish momentum is its impressive user growth. The platform has managed to engage a vast audience, particularly among the 13-34 age group, which is highly sought after by...
Hey Traders, in the coming week we are monitoring GBPAUD for a buying opportunity around 1.93200 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.93200 support and resistance area. Now, let's delve into the fundamental aspect: Recent remarks from Huw Pill, the chief economist at the Bank of...
Hey Traders, in the coming week we are monitoring USDCHF for a buying opportunity around 0.86350 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.86350 support and resistance area. While technically USDCHF shows signs of a potential buying...
In the context of technical analysis, DXY (US Dollar Index) has recently breached a crucial resistance level at 103.800, signaling a potential buying opportunity. However, it's currently in a corrective phase, retracing towards this breakout area. This technical setup suggests a strategic entry point for traders eyeing bullish positions on the dollar. Adding a...
--------------------------------------------------------------- Description --------------------------------------------------------------- + PERP is consolidating the in the range for a very long time as shown in the image + We are waiting for the price to breakout from that range to enter a long trade + once price breaks upwards, its good opportunity for the...
Been in a bull trend for some time, and doesn't look like a situation where you want to sell. Earnings coming out, but they have been only positive in the recent past so a go with the flow type of trade . In a bull trend like this, you don't want to go against it.
We have seen some big moves off this altcoin but soon can be even bigger move up Momentum can be big.
In today's trading session, our attention is on USDJPY, where we are eyeing a buying opportunity around the 147.400 zone. USDJPY has recently broken out of a downtrend and is currently in a correction phase, approaching the retrace area at the 147.400 support and resistance zone. Adding a fundamental layer to our analysis, we anticipate further strengthening of...
Bearish price targets are also sell targets for bulls. Bullish price targets are sell targets for bears. Basically, price targets are relative to your trade. If confused, please ask. Why are we talking about bears with WOLF? #1 answer Sharp Downtrends And support trends trading in a bearish direction. #2 answer Gaps to the topside. #3 answer RSI still...
Hello,Friends! AUD/USD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of...
Nasdaq100 is in strong bullish trend and there can be room for more upside within a projected intraday five-wave bullish cycle. Nasdaq100 futures recently slide as Alphabet shares drop on disappointing Google ad revenue. However, that's pretty nice textbook 17300 - 17200 support area within an (a)-(b)-(c) correction for wave "iv", so ahead of today's FED meeting,...
EURAUD formed a continuous pattern showing that the pair will be bullish for the time, in respect to this I expect a retrace to the 50 Exponential moving average and then buy towards the next four hours high as the take profit zone.
In today's trading session, our focus is on USOIL, where we're eyeing a potential buying opportunity around the 72.30 zone. USOIL has been steadily advancing within an uptrend, and at present, it's navigating a correction phase, gradually nearing the 72.30 support and resistance area. This correction presents an opportune moment to consider a long position,...
Looking at the micro data, we have an uptrend where we're following along the rising bottom. Looking a bit further out, we can see we're in a bullish wedge. General trends say that this will come up, and the company will have only good news about their trials progressing which will drive the price higher. Very near to $2 by the end of February, and we could...
AUDNZD reached to its PRZ and created a divergence on RSI at the same time. Sentiments is 90% for bullish reversal as well. It seems to go bullish when the Sydney session starts.
Local trendline has been broken. #Avalanche has also reclaimed the daily level. The weekly level above is the target as long as we don't get rejected from the trendline above. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it,...
Overall Analysis BINANCE:BTCUSDT The $43.5k-$44k has been a key level which Bitcoin has been rejecting from, and I shared this in our last video. It had several attempts at trying to break it until we fell to the downside. There are a few levels of support which we will be monitoring. I think one of the biggest support levels is going to be around the $41-42k....