Possible psychological resistance at $200 a share, wouldn't recommend shorting this as this is a very consistent stock, providing steady returns, however it will be interesting to see what occurs once price has broken the $200 milestone. Also sitting at top of regression trend, which may lead to a small pullback
Looking at daily chart , BTC price hit important resistance creating by midterm downtrend line and MA200 , price retesting also previous broken uptrend line like a new resistance . Worth to watch how will close today and next D1 candles. if bulls will step in near 7800USD , price can move up higher, if not, we will test lower supports soon.
Stuck between an ascending channel that would mean going short or a bullish rectangle which would force me to go long. The short is accompanied by a resistance too, so more sentiment on that. Good luck and follow me for more!
FX:GBPAUD Currently the price makes a consolidation against the primary uptrend. Considering that the overall trend is quite bullish, movement to the long direction is more likely sooner or later. The trend makes it possible to trade with nice RR ratio. As always we cannot expect any movements from the market. Therefore, I marked the support with blue line...
As shown, in the yellow area we can observe price resistance, where the market failed to break through each wick and currently has started to drop. On the daily chart, we can observe a change of trend - proceeding downtrend and as the market retraces, we look for sells. Change of trend - 3 wicks that show resistance - pullback on the daily chart. A blue line has...
This is my first time analysing a chart and plotting the support and resistance. I used the weekly, daily and 4hour chart to do this. Comment any tips for future analysis.
Hi all, First of all thanks for the likes and dm's about the BTC idea from yesterday. Appreciate that :) In front of you the 4hr chart of bitcoin. Yesterday I published a possible descending triangle formation, but after the move of 12hr ago there is also another possibility. The strong support and strong resistance where broke LIKE NOTHING. That was a great...
Might be wise for $CL1! bulls to book profits. Shorts can initiate short positions up against the resistance trend lines. As always, use protective stops. Good luck to all!
After BTC managed to pick up the Weekly Pivot, the Daily R2 is new support, whilst R3 could not be reached yet simply cause it found some resistance at the break-out level to go for a bullish higher-high, that comes from the "H6" where the Adam and Eve is still on track, picking up some volume. $10k important psychological border. A little retrace would be...
Due to the FOMC statement and geopolitical tensions, Gold is in a strong uptrend. But wherever there is a healthy trend there needs to be a pullback. I see the green area will resist gold price to pull back. I will wait for a decent pullback to enter long.
USDTRY approaching support zone, any breakout from that zone is a signal.
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Hi there. Here are my thoughts for oil movements : - Crude Oil is on a bull run since December 26th, 2018. The 3rd rotation (Pullback < 20%) seemed to have failed. Moreover, the bullish momentum is still present and we might experience a long run continuation at key levels. The average daily volume traded is 150K contracts and has been constant since the bull...
If you read this, SMASH the LIKE button or just FOLLOW me. Two parallel red lines - price area after the drop from 6500. 3900 – round number + medium support 3800 – round number + medium support 3700 – round number + good support