This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
I'm looking at daily timeframe, BTC has broken daily 34 EMA, and now it is fighting against horizontal resistance at 22.3-22.6K. if BTC succeeds to break it then pink and green scenarios will play out. More likely they will. Of course after breaking the mentioned resistance everybody will open long and wait for 28K, but we' it reaches to 24-25K/ a horizontal...
There are lots of ways to trade the market but the only indicator that will help you in all types of market is Price action first tool is horizontal lines go to different timeframes based on your trading time if you do intraday trading go to 1hour and 15 minute for swing trading go higher time frame and draw a horizontal line on important levels where market...
This idea is pretty simple. During a powerful uptrend price can spike up before pulling back and going higher. If price action spikes back down into the previous spike up there is fair chance for a V recovery and higher highs. The price action was volatile on the way up and was volatile on the way down so the pattern suggests a volatile recovery to the...
- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. - Last weekly candle has a huge wick, which is definitely a good sign for all bulls! - 200 moving average is a strong support and the price is currently sitting on this level, which provides us with a good buying opportunity. - 0.382 FIB retracement is also a...
the price respect a horizontal support and dynamic support of descending channel expect arrive price to to horizontal resistance at 0.81600 when broke we arrive to 0.82280
- XRP is currently sitting on the tripple support support (Horizontal + Trendline + 0.618 FIB) on the weekly scale, which should provide a very good buying opportunity! - Also we have a symmetrical triangle that will break very soon. - Bearish volume is very low on the weekly chart as you can see. - Due to my Elliott wave count, we can be done with this pretty...
Trend line break, Horizontal support and April seasonal support of bulls reflecting trend will be bullish.
Uber right now is at the bottom half of a Falling Wedge and has printed a Weekly Bullish Engulfing Candle against a Morning Star Doji at a Horizontal Support and at RSI Support and looks like it's preparing to begin a new major move back up from here.
Hi Everyone! 😃 Here on the 1h Bitcoin USDT Chart we can see a wedge pattern and horizontal support lines, what I want to point out is that we have to constantly adjust a wedge pattern or triangle as the candles form the highs and lows, but these horizontal lines here in this chart for example, I have drawn weeks ago and the green circles point out just few...
PYPL broke down from a messy Head & Shoulders formation of sorts (head-shoulder-head-shoulder) in Oct and had been trending down strongly since. It eventually came down to about 180 on 1st Dec last week, which incidentally was it's H&S target and also a possible horizontal support zone here. However we only see a decisive bounce off this level today, opening with...
Hi folks, Yurii Domaranskyi here. Let's take a look at the chart. 1. horizontal levels are working good on the stock 2. globally the stock is in a range 3. the price level was confirmed with an approach to the level 4. this is a distant test of the price level 5. approaching level sharply 6. from local high to the level move more than 25% 7. the stock was...
FB was among the weak stocks during initial hour yesterday, losing 2.5% to a low of 317.37 before slowing gaining traction for the rest of the day, and recovering most of the initial dip to close a pin bar. The case for a rebound soon is rather compelling due to 1. higher than average volume that formed this pin bar 2. the rebound occurred right after it tested...
NQ tested a minor support around 14500 (1) in the past 2 days and looks to be ready for a breather. However whether the next bounce is just a short term bull trap remains to be seen. There is an equal chance of NQ heading towards a stronger support at 14000 +/-150 (2). I would be looking to test some longs should NQ reaches this level. While I do not see NQ...
I would like to represent my idea on the traiding view. Here we can see a little pullback from the bottom and looks like the trend has changed for a while. I'm waiting the ZYNE 1) 5.00$ Price 2) 5.95$ 2Price
The Chinese stock market is not for everyone, however, could it be an opportunity to invest when others are fearful? I am putting this down for my own record so that I can look back a year from now to see if I'm right on this one. There has been 3 rather major bear markets since Mr Xi Jinping came into power in 2013: a bear in 2015, 2018 and now 2021, is it a...
NQ appears to be correcting at every 2.5 months interval for this year. Is it just a coincidence that we appear due for yet another correction just as we cross the 2.5 month mark form the last correction in end April? Should this correction turns steeper, I would be looking for possible supports around 13950 - 14050 (confluence of a previous resistence turned...
Trend: Bearish (long term) last week:(bullish) Structure: Upper trend line and horizontal resistance. Plan: We have seen the upper trend line be respected a number of times within the last month. As EURCHF comes up we look to either take a short as it bounces off or wait and look for a potential breakout, retest and move higher.