When China sneezes, commodities catch cold. Developments in China over the last quarter around zero COVID have paved the path to re-opening, which has a substantial impact on lives, livelihoods, and commodity prices. China re-opening plus a raft of measures to spur the Chinese real estate sector sets the backdrop for copper prices to be bullish. This case study...
USOIL OIl has high potential moving towards the Bullish side, as China is ready to open for business after lunar new year. Key Zone - 82.49 -83.82 R1 - 86.74 R2 - 89.02 R3 - 92.73
We've finally recovered from the crash that lead to the price plummeting through the 20-year-long support price. Next, we return to the 7-year-long trend. In a perfect world, we'd wait for the price to drop back down to ~1.0400 before opening a long position. We might just see the USD market thrive (or, in the very least, perform a little less poorly) during...
It's no secret that we're heading into a global recession in 2023. The question is, will the Crypto market feel the effects too? At the start of 2021 we saw massive buying power come into play and the Crypto market boomed. We saw a 250% increase in prices over 2018's boom before it promptly imploded during mid-late 2022. The previous "dead period" lasted for...
DASH may have found the strong support, as we see it recovering within an impulsive five-wave cycle from Elliott wave perspective. DASH with ticker DSHUSD is bouncing strongly and in an impulsive fashion away from the lows and it’s just about to break channel resistance line. It means that ending diagonal within wave 5 of (C) on a daily chart can be completed...
After 5 wave down move(wave c5),SPX is set to unfold its counter rally up to the falling trendline (4160) the dotted red line shows the path of bullish 'C' wave , time to achieve this target is 4 th Nov'22
After the hack Binance showed crazy strength thanks to the quick and effective reaction from the Binance team and validators. The fact that BNB stopped losing its value on the trendline gives hope for another fast and strong recovery.
XAU/USD is currently in a downtrend from the daily perspective, we may see it complete the downward trend at either 1692.78 or 1680.00. We could also see it break above 1709 for an upward continuation. I'm currently waiting for a break above or below the marked levels X and Y For any further directional certainty.
Crypto market is recovering as strong rebound from the lows suggests a temporary support from Elliott wave perspective. Cryptocurrencies are in a recovery mode again following news that SEC Division of Corporation Finance is about to Add Industry Offices Focused on Crypto Assets and Industrial Applications and Services( source ). Looking at the Crypto total...
Looking for a bullish continuation from last week's strong weekly candle. A bullish head and shoulders taking shape and targeting 1900 zone. The risk to reward is 2.89 for this one.
We are at a psychological zone and I expect the bulls to come in and defend the zone. Looking to target the next zone at the 2200 zone for a RR of 2.97.
Looking to play the recovery up from the bounce from 2 positions. The 1st target 1090 and 2nd target 1236. Friday's candle had good volume. the proper entry would have been 30 August daily close but better late than never. 1st TP=2.44 2nd TP=4.31
#Crypto Idea ; Testing Account #Exchange ; Binance #BTCUSDT #BTC Keep in mind. 🟢 Multiple Rejection Structure 🟣 Monthly Frame Structure. 🔴 Weekly Frame Structure. 🔵 Daily Frame Structure. 🟡 4.H Frame Structure. ⚪️ 1.H Frame Structure.
APECoin price action shows huge Long-unwinding, thus continue selling occurs. Wait for Immediate support $4.0 retest to see further growth.
When this company IPO'd it was the big stock of the year. Alas, there has to be more to a company than a cute name. SNOW had its earnings report late in the season and it gapped up on the news. The gap jumped over resistance, so it is not likely to fill easily. Resistance becomes support for this type of gap. This can suggest that SNOW may be a company beyond...
the long term picture for amazon.com, and really the whole dotcom sector has looked bleak until recently. i would wait to cross above this pivot and trama to turn up before i thought we could continue recovering in technology. id aim for upper horizontals as we cross above levels and lower horizontals as we cross below.
So, i have something to share with you. This is just my vision. JUST MY FANTASY. Let's speak about it now. ***WARNING*** YOU WILL BECOME A MOON BOY/GIRL, SO REMEMBER THAT IT IS ONLY 20% CHANCE. I used fractal analysis (took a fractal from covid dump and V shape recovery that happened in 2020), to predict what can possibly happen. During Covid dump It was...
Dominant trend line in white Each drop to this line or below is followed by a sharp recovery great buy entry