We can see in the chart that the price was respecting the two black bullish trend lines, and recently the price broke through the upper line and went to the lower line by creating two descending trend lines, and creating a reversal pattern head and shoulders, now we see a Doji candle with a lower low than the previous candle that means that price has broken the...
Yesterday's candle (as of publishing this idea), was a Doji candle with a lot of buy power entering in the market. If today's candle closes above the upwards wick, then a bullish reversal is extremely likely. BITSTAMP:BTCUSD
Going back to November 18, 2021, July 22’ Sugar was in a downtrend, which was broken on Mar 1, 2022 with a close of 18.12. This began a new Primary uptrend, remaining intact until April 20, 2022. Even though this trendline was broken with conviction (closing on the lows of the day April 20), the market rallied on April 21, closing at 19.81 (6 ticks from the...
Hello everyone On the daily chart of SHIBUSDT, we can see a very straight(odd) bull flag pattern ,we also have a wedge pattern on weekly chart that shows a lot,and on daily we can see long shadows on the last 3 candles and the middle one is a Doji. With the indication of the things I just explained, we can have a rise close to the trend line and with the hope...
WEEKLY (W1) Last week price action did not managed to breakout the clouds on a weekly closing basis for the second time in a row and as a result a DOJI pattern took place which is confirming the indecision and uncertainty I mentioned in my previous analysis published yesterday (see related idea below). The 38.2% Fibonacci retracement @ 46'721 (69'000. -...
Following on from my LUNA chart using EWP, I've drawn a simpler chart with TLs, a Doji and an ascending broadening wedge. The red TLs, Doji & the ascending broadening wedge (ABW) suggest the drop to $60 favours the yellow TLs rise to $130+ Furthermore if we look at the RSI on the smaller TFs, 4H, 2H & 1H you can easily see that LUNA is overbought.
Long shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate. If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking. You will be surprised, at how much more $$ it will bring you...
3Day Chart- With 1 day left, the shadow of the candle kissed the 50 EMA. Even with a close ABOVE its previous candles close but BELOW its current candle shadow low this should be seen as bearish. This would print a Shooting Star. 444.39 would be the level to watch for this scenario. 3Day Chart Bulls will want to see a close above the previous candles swing...
Hello traders! BNB was bearish since Nov 2021 but now the market is collecting some strength to pick up. The formation of BNB is completed and now it's at the bottom of a rise. We can see an inverted 'J' pattern after a breakout. This is a pullback pattern. It forms below support so that market can pull itself. Why does BNB form a channel after an Inverted...
FCPO closed higher at 5539 after gap filled at 5612 by last Friday but posted weekly losses. What were the factors that caused crude palm oil prices struggling to maintain above 5800? 1. India reduce farm infrastructure tax on CPO to 5%, which will effective until Sept 30, with the objective to increase gap between CPO and refined palm oil to benefit the domestic...
Bitcoin is forming a Doji pattern in the 1-week time frame. The Doji candlestick pattern represents indecision amongst traders and can sometimes foreshadow a trend reversal. This current Doji candlestick pattern that is forming at the time of writing is a result of the ongoing dispute between Russia and Ukraine. the candlestick still has 10-hours to close.
Infy is having a Doji candle at support line. Preparing for a long position here, looking for a 6 % upside.
Hi everyone Daily" Going short ADAUSDT RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji' Possible drop to $1 If bears stay strong,...
I see a great opportunity to short the AUDNZD, especially to a half risk or break-even situation. Idea laid out here. 1% Risk 4:1 RR I would start taking profits sooner than 4:1 of course, but there is room to run on this trade. Happy Trading!
Palm oil prices closed higher and back to the range of 4700-5200. Several Factors that make the palm oil prices back to the range of 4700-5200 as below: 1. Weakness in soybean oil after US raised proposal to scale back biofuel blending mandates 2. Shortage of Workers due to coronavirus pandemic & higher cost of recruitment as palm oil producers make changes in...
Solana is currently in a down trend but looks like it has bottomed out. It is forming a doji candle that hit the 200 day moving average which also happens to correlate(all be it to a loose extent) to a fibonacci tracement level. Great time to buy Sol. Always be aware of BTCs movements in the market.
there is 55ema high low band support it also foam doji candle and also confirm doji there is also a positive divergence
Could be a very interesting week ahead for the Dollar.