Reasons for short: - Head and Shoulders formation - Bearish Divergence on RSI - Bearish reversal signal on FRSI - Price crossed below the whipsaw-resistant trend cloud signalling the beginning of a potential downtrend Levels: Entry - $0.4687 Take Profit - $0.3267 Stop Loss - $0.4999
Multiple indicators have signaled bear as well as overbought conditions for Bitcoin on the 15m chart. This makes sense because Bitcoin has just experienced a pump within a short period of time. Usually, this means a retracement will follow as market participants will be compelled to take profits which means selling in the shorter term, a potential dip may be an...
In a HTF support bounce and much needed liquidity push for the buyers, we are looking to see a pretty sustained and strong push to the upside to mitigate upper supply levels and resistance levels on the fib. Potential 3 R:R trade if we mitigate this LTF demand zone and make another BOS
We are at an interesting zone when it comes to AAPL. It's holding strong above the most relevant pivot low as you'll see in the chart. There is a chance that it can go up fro here so if you would like to long, I would place a stoploss elow the recent wick low. I would also manage my position size so the its a 1% risk on the trade it your stop was to hit. In the...
The U.S. benchmark indices have come to a downward halt finding strong support. There is a possibility that we will see a retracement as per the arrow today. Currently there are some resistance levels that are stopping the index from moving to the upside. They will potentially brake after the NYSE opening. __________________________ Information Regarding...
IMXUSDT is trading in fine bullish trend and maintaining well the bullish trendline. Whenever the price retest the bullish trendline buyers are attacking aggressively, which can be seen from the chart. Currently the price is retracing to the inclining trendline and again it is being expected that the bulls are ready to attack. if bulls take the charge this time...
Currently Crude Oil has experienced a surprising upward movement, a reversal actually that could potentially give rise to a retracement opportunity. The 93.75 resistance could serve as the end of the shock upwards and soon a retracement could follow, near to the level 92 USD/b. __________________________ Information Regarding Important News and Figures can be...
Bitcoin's journey is often marked by key technical levels, and its monthly chart has a fascinating story to tell. The 0.5 Fibonacci retracement level from the All-Time High (ATH) has historically acted as a formidable resistance. Today, we find ourselves at a crucial juncture, echoing the past. To embark on a new bullish cycle, we need to conquer the 50K...
Executive Summary: In Tuseday's market session, we observed a 5% increase in the price action of NASDAQ:RUN , which, as expected, triggered a minor retracement due to typical market dynamics. However, our focus today is on a highly significant order block zone, spanning from $14.13 to $14.90. After nearly a year of dedicated study into the behaviors of major...
Bulls Are At It, Offcourse. When do you take Profits though ? Trap Bars are forming Now. price Hasn't Retraced to Green TrapZone for about A week. Retrace Is expected back to Trap Shorts and Shake weak Longs - SOON ! Hourly Candlestick Chart of MCL/ Crude Futures with TrapZone Pro
So the next trade i will took if it goes as planned is short on eurusd,as we see price is touching 0.5 fib retracment,i always put fib on a daily tf.Overall trend is bearish. Wait for some kind of a confirmation to enter a short position like a bearish eng,or a pinbar to see that bears are serious about pushing the price down.Happy trading everyone! entry around...
HI guys, ive been following Shopify (SHOP), since its test of some important SUPPORT. This is a quick update from my previous idea. (Which you can find down below for more context) We've currently bounced extremely bullish off the SUPPORT level, heading towards a SUpport turned Resistance line associated with the UPTREND channel i identified. Normally when we...
After the initial dump around the 17th, I made an analysis on BTC where I discussed the fact that this token was the most oversold on the daily RSI since the COVID dump. My short-term expectation was more edged towards the bullish side than towards the bearish. My target area for the bounce lied between the 0.382 and 0.618 Fibonacci retracements. This area is...
Quick-quick, make a take me! Watch this clip and the PEPESUDT SHORT video and it'll be perfectly clear. Especially when it does exactly what I'm suggesting.
From current position down to ~$0.000008600. Watch the video for more details and some close-up shots showing the weird places I managed to get a sun burn over the weekend. Enjoy.
NZDUSD was trading descending channel and recently bulls took the charge and has given the breakout from descending channel. Currently the price is retracing and creating the support around 0.5950 region. Will the bulls take charge again continue for leg higher ?
On the 30-minute chart, I see GNS as a Bullish Pennant on a high flag pole in the big move yesterday with consolidation now. It is high in the VWAP bands and so at risk for a reversal to the mean. Pennants more often than not continue upside. To hedge, I have set two lines. If the price goes over the green line a buy stop long will trigger into a market...
Hola ! Last week Friday we hit the sellside liquidity = 33+ day lows taken out Anticipating a stronger correction before we go lower.. i will however be watching that sellzone carefully just to catch a few ticks Remember always to follow your rules ! Cheers