This is super interesting and we could be near a great level to get in for a longer term hold. Many confluences on this one so keep this one on the list! Happy Trading :)
Trading Plan for Monday, April 8th, 2024 Market Sentiment: Bullish with potential for volatility as CPI data approaches. Important Note: CPI data will be released later this week. Expect outsized moves and potential traps. Prioritize risk management and adaptability. Key Supports Immediate Supports: 5246 (major), 5230-34 (major), 5221, 5212, 5207, 5203...
A pickup by our stronger buying continuation yellow would be very bullish. We do not want to see ourselves being guided by this very tapered green buying continuation. Stay Tuned! Happy Trading :) - TraderDaddyOG
Bitcoin is likely falling to the last support at $52k. This is healthy for the uptrend to continue as the excessive leverage and over confidence needs to be taken out, before trying for new highs. 52k is likely a good buying zone for an attempt at the newly formed downtrend line back up near where prices are currently (~65k). Good luck!
Ingersoll Rand has barely moved for about six weeks, and some traders may look for its uptrend to resume. The first pattern on today’s chart is the February 16 high of $92.32, immediately after the last earnings report. The industrial stock remained below that level for more than month. It pushed higher for about two weeks before coming back to hold the same...
I put out analysis on this trade on Friday and am still a believer in this stock longer term! Good signs on Friday off of a yellow pickup and looking to retest that more tapered blue selling algorithm before a continued activation by yellow and breakout toward the top of this daily IH&S. Stay tuned, Happy Monday, and... Happy Trading :) - TraderDaddyOG
PEPPERSTONE:AUS200 is about to break the resistance trendline. It should be noted that PEPPERSTONE:AUS200 is in a bullish trend on higher timeframes. Currently, there is bullish divergence on 1 hr and break of resistance trendline can potentially lead to bullish price action!
1INCH bounced off the ascending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.7 is possible.
I am already in the trade for a short. The long-term trend is down on the higher time-frames and we are currently at the top of a channel with wicks to the upside and at a main horizontoal support and resistance level. We also have a head and shoulders setup within the same area. Multiple confluences to confirm the trade.
Gold bulls have been continuing to exert their strength. Today, it weakened and fell to test 2305 and quickly rose. It rose all the way to the 2354 line. It really achieved our goal in one go. Our weekend layout is long and bullish, which is completely in line with my expectations. , as long as you buy this market early, basically everyone can make a profit....
Hi everyone, Bitcoin Cash price increased on 100% on this week and has reached 475 - 530 resistance area. Bitcoin Cash didn't notice 380 - 420 resistance area but now this area might serve as support and BCH price can consolidate there before another pump. In case if BCH price continues to pump it can reach 700 resistance level and afterwards retrace to 475 -...
We are filled on Ethereum. We expect this wave 4 either to end here or secondarly it could be the first leg of the wave 4 correction, the wave (a). Either way we expect Ethereum to rise in the coming days to either complete the wave 5 or wave (b). We will update you accordingly on the developments of Ethereum.
Since our last analysis of Monster, we've observed a significant rise to just over $60. However, we now believe that Wave B has concluded. There's a scenario where we could climb higher, but we don't subscribe to that view. We suspect a double top formation near the $60.50 mark, corresponding to the Wave I cycle, and anticipate a five-wave downward structure...
Petrobras' ON N2 shares from Brazil are particularly interesting, notably due to their high dividend yield. As the largest oil producer in Brazil and one of the biggest in South America, this stock holds significant importance over the coming years. It has experienced a strong rise, with our Wave (2) starting at 2.2 Brazilian Reals. Since then, it has risen and...
Gold is currently exhibiting strength, reaching for the resistance level as market conditions favor safe-haven assets. This movement aligns with concerns over inflation and cautious central bank policies. Technical analysis: The chart shows gold has rallied to a new all-time high level at approximately $2335, challenging the upper limits of its recent trading...
BTC before and after Halving BTC has currently broken through the trendline and supply H4 It is likely that before Halving BTC will increase another 10 thousand to create Fomo for the Halving event, then it is predicted that there will be a profit-taking phase near the hour of halving to create liquidity for leveraged and short-term transactions. My first goal is...
I've been giving warnings ever since the c0v1d black swan, and especially since the 25k re-test, that Nikkei will grow wings but here's a seeing-is-believing look at where my 40k target comes from For sure it could go higher later and break this key resistance but I would expect at least one more re-test of the navy blue channel beforehand In theory there's no...
BTCUSD has overall bullish trend. As predicted in my previous idea, BTCUSD move downward to the support trendline. Since the overall trend is still very bullish, I believe that BTCUSD will move upward to its resistence on 72000. On the big picture, I still believe that BTC will go to 50.000 before move to 90.000-100.000 range. Good luck!