Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (13.4582). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts...
Profit targets: 13,16 12,81 12,68 stop loss: 13,94 Have a nice day, Berk
Not a financial advice We are extremely overbought on 1D timeframe per RSI If you hindsight USDT dominance and compare with BTC and ALTs price, you will notice that there might be a potential bounce/reversal soon Additionally, Greed and Fear index is currently at 13 point - extreme fear and now ask yourself, few months ago BTC was around 50k and so many...
Btcusdt formed a inverse cup n handle it is on Retest and going to make new lower Low other hand same time frame USDT dominence made a cup and handle also retest usdt dominence ll make new higher high soon Again becare full tight your Stop loss not a financial advice
buyers becarefullll holders be carefull Traders adjust your Stop loss urgent USD dominence retest Done and Soon it ll Jump then Whole market ll Dump ....... Not A financial Advice
USDTRY next support is around 10 lira per USD After that it will hit the old ascending channel
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
💰Fxone4all 💰FOREX💰, 🔴USDTRY (short ) Sell limit : 13.7/ 13.9 🔸TARGET💰 🔹 12.5 🔹 11.5 🔹 10.05 🛑 STOP LOSE : 15
It was a bloodbath day yesterday. Reaching high 13.08 and then a low 11.2800. The overall view still the same, we will continue to gravitate lower, but with violent up and downs. I expect some correction to 12.3500, however, sell between 11.80 - 12.35 for the move towards 10.05. The weekly RSI near 90.0 and the daily has come off a bit, but still not enough to...
I know it's scary, and the reasons are clear. The Turkish Central Bank actions under high inflation and the response by the leadership has placed the financial market community in a rage and fear mode. However, herd mentality does not always pay, and as shrewd investors, we should take a logical approach to the market. Use technique and a dose of common sense....
on monthly frame with Fibonacci level we will find that 13.01 represent strong resistance , last two month the government let the currency fail without any intervene , am sure the Turkish national bank will start offer new government bonds to contain the situation , its a good time in my opinion to short this pair while retail start getting heavy long position ,...
I know what you think... a 9.8% move just one day. As said before, small increments selling USDTRY, but I fully understand the rocket move we are facing. The Daily RSI 97.0 now (unheard of) and Weekly almost 91.0. The last time this happened, the correction was 2.5 points, so the 10.13 objective is still valid. The same happen with USDITL and DEMITL long time...
As you can see in the chart, it can be end of a big trend. I think 12.07 is still possible, if it does not break this trend, possible scenario is to pull back to 8.9 in 2 years period.
I remember very well the time that USD vs. Italian Lira and it's DEMITL cross for way out of boundaries when it came to RSI and trading bands. The Turkish Central bank cut rates once again as a note, but if one views the forward points, the positive carry (IF LONG TRY) is rewarding and make the SHORT SELL worthwhile consideration. The move by the Central bank...
As far as I am concerned, the level of daily RSI 92+ and a weekly RSI 86+ and further way above BB clearly suggest keep on remaining short or add to SHORT position at current 10.4400. The return to 9.2100 and low will happen over-time, and the carry costs are positive as well. In this type of market, I prefer to sell into small increments and add slowly....
It's looks a perfect opportunity selling at 9.8200. Negative divergence, and high RSI both daily and weekly chart. The price action is above BB band as well as above the regression trend as well. I suspect return 8.1600 and lower medium-term.
First of all this is the first time I am sharing a chart on USDT.D I finally decided to share this strategy with you all:- USDT Dominance is a good index to keep track of Altcoin trades. It's inversely proportional to the growth in ALTCOINS and BTC in general. If USDT.D Pumps it literally means all the money from BTC and ALTCOINS are moving into USDT which...