Is USDCAD exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.3430 What you guys think of it?
Is CADJPY exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 108. What you guys think of it?
GBPNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the sell momentum continues the next target could be 2.0200 What you guys think of this idea?
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is pumped very well in the last few days. It touched the $19k level. Now, what's the possible scenario from here? Let's discuss it in this analysis. As you see in the chart, BTC is forming a bear flag in the daily time frame and...
DESCRIPTION: In the chart above I have provided a macro analysis for 2 year bond yield on the Daily Timeframe. POINTS: 1. Since the beginning of this upward trend on January 2022 we have seen that bonds and the overall market are said to share an inverse relationship but during pivotal moments that has not been the case as you can see that the stock market has...
IWM tracks a market-cap-weighted index of US small-cap stocks. IWM stock price is 185.58 and iShares Russell 2000 ETF 200-day simple moving average is 185.44, trading below its 200-day SMA will create a Sell signal.
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this BTC update. Currently, many things going on in the market. The fight between Sam and CZ create this fud and plumbed the whole market. Anyways, all these funds give us a buying opportunity so no need to panic here, BTC is still fine. Now let's get to the...
I have tried my best to mark my whole thinking process on this chart. I do not THINK there is much needed to be typed in this description. However, this chart shows how much of a rigged game it is and how difficult it is for a typical retail trader to be profitable. However Smart Money Concepts help you tp understand how the market makers move making it possible...
Price looks poised to continue rising by bouncing on broken resistance. Targets begin at 0.9909 to 1.0020
🤖 #BTCLIVE SNAPSHOT - 23.08 - #IDEA 🤖 If we can break this little resistance at $21.4k then we should be able to track up to the upper trend line at about $22.1k
The EURO now sits under 138.000 on the exchange rate, a key resistance level that will now surely break after European Inflation hit 8.1% for the month of April 2022, igniting the debate about whether the ECB should be raising rates at 0.50% increments instead of 0.25% increments as signaled by Christian Legard. With European Bond Yields climbing and paying a...
Snap lost over 80% since September 2021. Recent price drop..they basically said they won't make earnings. Support zone between $4.90-$8.00. If price drops below the $4.90 price it might start getting sketchy. If we see a gap fill, I expect to see some resistance going through $27 zone. Ultimately I can see the stock go between $40-$48 long term. I'll probably...
Nvidia: 1W Some data before arriving at the Support and entry point. 1) Split last summer 2) China will soon ban all non-Chinese softwares in their state-owned companies. NVIDIA is one of the best companies on all Wall Street with a very important future and a market capitalization of around $ 0.5T. Currently, the price has dropped 50% to its all-time high of...
On the Daily TF price had broken a MAJOR structure area. Result creating a HH then a minor retracement which was a 23.6% on the fib. Price then created a HH then a Really Steep Retrace. Coming to an area of confluence with an area of exhaustion, hitting 38.2% (meaning being an official HL point), As well at a 160.000 QP level. Waiting for price to create an...
Hello Traders Bitcoin (BTC/USD) sought to retain some of its recent gains early in the Asian session as the pair continued to battle back from its recent low around the 38210.24 area, a level reached after Stops were elected below the 38550 area. Buying pressure slowed after BTC/USD tested the 40829.74 area, right around the 50% retracement of the...
Hello everyone As the bad sentimental news came out of wall street, we may see the outcome effect the cryptocurrencies and crypto assets too. We have seen the price having some reaction to the two supports that we have on AVAXUSDT, which are our weekly trend line and our 68$ support level.considering today's market behavior all over the world,we may see lower...
A downtrend that had reverted to forming a base in the past 2.5 months with "neckline" at 85.50 +/-. There was a strong gap of abt 10% on 28 March on huge volume which hit right into the horizontal resistence around 85.50 and experiencing some pullback since. As this is likely a "breakaway gap" (a strong gap that occurs at the begining of a trend reversal), the...