hi, this is a counter trend if you look at secondary structure and with the trend for main structure
Watching for evidences wave 2 ended 5.73 and now we start to build the wave 3. What we want to see before taking action is an impulse to the upside that clears 9.09 and 10.06 levels that will be the wave ((1)) of 3.
The U.S. GDP growth rate in the first quarter was lower than market expectations and became the focus of the market. Data showed U.S. economic growth slowed more than expected, sending the dollar index falling to a nearly two-week low. This good news pushed gold prices to stay above the key support of the Bollinger Band. Although U.S. Treasury yields rose after...
As you can see, the US dollar index has completed a 5-wave uptrend and after touching the top of the uptrend channel and breaking the uptrend line, it is currently in the second correction wave. I expect to see the beginning of the third correction wave soon. This may coincide with the reduction of the US interest rate in next week!!
Hi tradingviewers! This is my first post that I’ve decided to share and it definitely excites me to share this one with you! Before I start apologise for formatting etc as I need to get use to how all this works. I’d like to start off by saying I am not a full expert in wykoff but have been learning it and collecting data for a while as time has gone on. This is...
🔍The market is currently still consolidating, and we've reached the bottom of the range box. We're waiting to see if the price will continue to move upwards within this range or if it will finally break out of the box and move downwards. Given the sensitive nature of the market, we're examining the 4-hour timeframe to identify potential triggers for trading...
I've been following Bitcoin on daily chart and lower timeframes. Price doesn't want to go down that much. It's clear to me that 63290 is the bottom and you can buy Bitcoin here and follow the uptrend to 500k and beyond.
I think we are going to have a false break out next week and then a hard pull back to uptrend line. This market loves to set up bears and bulls traps. Be careful.
BTC continues to range and could meander around the previous recent price levels for quite a while. Some very intelligent quant traders I follow say this could be upwards of 50-60 more days like this. The red downward trend line needs to be broken with supportive structure for me to think this is an upside move short-term. This type of contraction is bullish...
Hello Everyone, DASH/USD is currently maintaining its position strongly above the weekly Pivot Point (PP), indicating resilience. To solidify further bullish sentiment, it's crucial for the price to establish stability above the daily Pivot Point (PP) as well. A secure entry opportunity arises when the price settles within the monthly support framework,...
Looking at the 3 months time frame and we can see that we are at a strong supply zone! Also the fibs lining up perfectly. I'll be holding this position for long time since trading higher TF. Bank of Japan will mostly intervene coming days and we shall see a sharp drop by next Friday! We are trading at 2007 levels and extremely overbought.
Could it go higher than 20,000? That's we 10% higher than today price. Melt up not done.
💎 Paradisers, the recent market dynamics surrounding #ETC have been noteworthy. 💎 After a successful rejection from the support zone around $24, ETC has bounced back upwards. 💎 Currently, it seems poised to continue its upward trajectory toward the resistance of the Bullish Flag pattern, indicating a potential continuation of the bullish trend. Breaking out of...
I think we are very close to the 5 wave of 3rd wave upward. Would like us to visit 70-85k. If this is forming some kind of top pattern, this is what i am looking for.
Fundamentals: Affirm Holdings provides IT solutions for digital and mobile-first commerce. It is in the finance and payment industry just like Paypal or American Express. The company tries to differential itself from credit cards by not charging fees, but an agreed payment. Both sales and earnings have been accelerating.] and exploding, but the earnings have...
Contentos (COSUSD) is experiencing a bullish surge today, with its price climbing a significant 40% to reach $0.028485 . This price point represents a crucial resistance level from December 2021 that the cryptocurrency has successfully broken out of. Prior to this breakout, COSUSD had been trading at $0.01237 . The recent surge suggests a potential shift in...
In the area of the red circle, we see the red three-line resistance There is also a green pattern on the roof. With the strong break of this area and its high stabilization, good growth can be seen. So we wait and watch it.
Let’s Soar If it breaks the resistance then we’re golden if it fails the support test we may drop more but over all BONk is going to be a banger in time