1. Overall down-trend 2. Trendline going for a 3rd touch 3. AWR - Average weekly range HIGH is close to Fibonacci 0.618 AND the trendline If the price respects the average weekly range it's lining up with the trendline and Fibonacci 0.618 at the same time. These confluences line up perfectly and could mean a continuation of the down-trend. Good enough for me to...
Price bounced 3 times off trendline. So that means its VALID Price gives OPPORTUNITY to go to the green line I will only take trade if price will bounce back to Moving average line Dont Trade blindly , be responsible !
#Crack #Bitcoin #Binance #Daily - Bitcoin is trying to rebound after falling to the $28.1k-$29.8k section, which was importantly mentioned after the last briefing. - The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD...
On logarithmic scale. Before we had a clear bullish flag, pennant etc. It seems like we either bounce here or fall into a falling wedge pattern until start 2023.
TLT (20+ Years Treasury Bond ETF) Huge drop since January 2022. If you connect all the big lows since 2013 and draw a line you will notice that TLT is now sitting on a huge support and has starting to bounce off the 119 level (Green line). RSI weekly and daily oversold. Let's see if we can get a decent bounce. I'm long April 29 call. We can target 125,...
Will Apple Bounce Off The Branch Or Fall From It? Apple ( NASDAQ:AAPL )bounced off of its "branch" or trendline four times on the daily timeframe! It would be nice to see a bounce from the "branch" for a fifth subsequent time. 3 out of the four times APPL bounced, it was trading above the 200 MA! The fact that it bounced a fourth time from the same branch is...
SHOP (Shopify) has dropped 70% since November 2021. Yes we can drop more. However I like the risk reward ratio here as the price is now sitting on a trend line (in green) connecting the lows of Nov 2019, March 2020 and March 2022. The weekly RSI is slightly oversold and we're starting to see a bullish divergence . Bonds are bouncing already, which...
XTZ is trading in an ascending channel (Log Chart) since February 2020. Both trendlines was tested several times in the past. There are many multiple factors that affect all markets last days or weeks, like events on Canada, Biden’s crypto executive order or Russia – Ukraine conflict, etc. At the time of writing this report, XTZ is trading at $3.17, a further...
We got a move straight to the top of the long term cloud and then a big retracement towards the top of the short term cloud. This also coincides with the neckline of the previously formed head and shoulders pattern. Places where multiple supports confluence are usualy very good areas to open a trade. I expect the price to go back up to the top of the orange cloud...
I have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead...
We crossed short term trendline at 8:00 and retraced back to it but this time we also have a situation with support of previous range. I expect a nice move up from this zone, a different trading plan would be to move stop below the zone by quite alot and move take profit higher for a more long term swing. I recommend the shorter term move however with all the fear...
Will Price hit the resistance level on the descending channel a 3rd time & breakthrough for a possible uptrend? or will price bounce off the channel resistance and continue in the descending channel for a bounce down for the 3rd time? what are your ideas?
This pair is retesting a monthly zone along with a break and retest of trendline and it looks to be making a higher low 2nd touch of a newly formed upward trend and all this is on a monthly chart. I'll be looking for break and retests on the Daily and 4hr charts timeframes in the upward direction... Will update once I get a setup... Keep your eyes on this pair this week...
Not financial advice, just ideas. Well established support and resistance zones hold price in consolidation. Bad fud regarding newly unstaking users selling off will fold and price will continue bouncing along support zone. Once wedge closes in, I only see an upwards breakout occurring as price is still in low Fib retracement levels.
The recent pullback on GBPJPY brought price back to retest the trendline drawn from the low of 21st September. We could just be looking at a double bottom forming at this level of trendline retest.
Hey guys, i expect this pair to rally up following the higher highs forming on the daily TF. It also traded to that lower horizontal trendline and i expect a bounce from that level.
Summary of indications: Market @ weekly Support Market ready to bounce up from daily Trendline Support RSI Indicator is oversold ------------- Hi Traders! The idea of this setup about our analysis, that the market is very likely to move up. Therefore, here are some indications (other exists too): Firstly, the market reached the weekly Support Level...
Summary of the indications: Daily Trend --> Symmetrical Triangle Weekly Trendline Support Daily Support --------------- Hi Traders! The main setup of the market is that the market reached the weekly lower Trendline, which is often respected. This Area also confluences with the daily Support. Also, the high momentum on the bullish movements in...