4h
ETHUSD Ichimoku 4H Szenarios Week 1 2023Here is my weekly 4H INDEX:ETHUSD Ichimoku Analysis for Week 1.
General outlook
The overall market trend is still downwards and I expect that we will see more in Q1 downward pressure due to adjustment of earnings and the higher and higher possibility of, at least, a mild recession in the US and EU.
The Crypto market will be also pointing further downwards as the stock and crypto markets are still highly correlated.
Ichimoku analysis
My weekly analysis is based on the 4H chart.
Lagging Span is above Price and Cloud
Conversion Line crossed Base Line
Price is above the cloud
Currently Conversion Line, Base Line, and Kumo are flat / ranging
Currently no green Kumo twist
4H Resistance / Support Zone
Resistance between 1225 USD and 1232 USD
Support between 1185 USD and 1180 USD
Long Idea - When the resistance zone at 1230 USD turns to support, Kumo twist happens and Cloud + Base Line points upwards
Take Profit Target: 1280 USD
Stop Loss: Below Base Line
Short Idea - When Kumo cloud support at 1200 USD is broken and retested, and the price is below Cloud + Base Line pointing downwards
Take Profit Target 2: 1150 USD
Stop Loss: Above Cloud
BTC 4H - Next MoveChart is obvious and short term supports and resistances are appointed.
The $16600 support is broken and I'm in a short position already by stop loss around $16800.
In the short term $15600 is expected!
Things you might like:
- Trend Key Points Indicator have been used to draw important key levels and key points.
- Strong Trading Strategy , Do not trust all the pin bars
- You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them.
I speak the occult (just sell)Hello to all friends !
The opposite chart shows a head and shoulders pattern, which of course is better seen in the daily time frame.
Based on this pattern and the negative divergence of the ao indicator, it is clear that the price of gold will drop to $1670.
So be careful not to get hurt.
Don't forget to like...
Channel continuation or Trading Range?Market's atmosphere is good and we can have more upward movements in coming days.
If it is fail , it is more likely to have some trading ranges after a little correction for a few days!
Strong Bearish Bo at current point will increase the chance of falling down!
Do not enter until it is completely clear for you!!
CHZUSDT - LONG - ADAM & EVE Hello Hello Traders .
By looking at the charts we can see an Adam & Eve pattern. A lesser known bullish reversal pattern is Adam & Eve double bottom. The pattern usually followed with a large up swing or trend higher after its second eve bottom. In this particular case the Adam & Eve pattern can also be considered as an ascending triangle pattern.
For the entry of this trade you should wait until the price breaks out on the upside of the pattern. After this happened the target could be targeted.
All further details are shown on the chart.
Make big profits.
Good Luck .
GBPUSD long position Hello
There might be a long position on GBPUSD as the policy makers at central bank agreed to slow down the pace of interest hike so fundamentally we could have a bullish signal. other upside signals are:
2. Daily TL breakout
3. R2 (Traditional) Monthly Pivot breakout
4. 4h Trend Line
5. EMA 20,50,100 & SMA 200 upside
Please consider risk riward ratio and do not forget to set a stop loss
SUSHIUSD - Long - Ascending triangleOn the chart we can see a ascending triangle appearing. An ascending triangle is a bullish pattern. Enter the trade once the price breaks out to the upside.
Beside the pattern we can see that the RSI is picking up more and more momentum. So the pattern combined with the increasing momentum it´s likely that the price will go up.
All the details are shown on the chart.
Goodluck!
Gold 4hr analysisGold formed a double top on 6 October, if you go further back in my charts you will see I highlighting that. As I have said, the market moves in 3 levels most times. And on the 4hr it has made 3 intraday levels down from last week.
If you look at the yellow box support, the price should go back down to test this structure. This is a very dangerous zone, because on the daily chart, we have made 3 levels down from the second leg of a massive double top on the 19th of April , and as the picture paints, I predict a very strong double bottom formation on the daily as well as on the 4hr. So I am in a small sell now, down to that zone, and then I will wait for confirmation of the buy from the zone, and buy it back up
So flip into the daily, give it a look and let me know if you see what I see.
GBPJPY Midweek reversal? If price closes under this zonre4hr chart on GJ shows a potential double top, with a smaller structure double top on the first leg, price has now broken the support of 168.580, and is currently testing it as a resistance. Smaller time frames show shapes for a sell, so I anticipate a sell on this market. I will wait for the 4hr stick to end so I can make a better decision on the pair. My earlier analysis of GJ is invalid.
Patience
Bitcoin: what can you expect in October?Let's think about it... After all, the fate and further vector of the BTC price will be crucial for the entire crypto market. BTC is stuck in a sideways trend between $18,500 - $20,400. Now we are in the middle of these prices... Locally, the price is in an upward channel, but more globally, the price is still in a bearish cycle... Sooner or later, there will be an exit from one or the other channel. I think, the decision will appear closer to November.
Therefore, just be careful when the price approaches the junctions of these channels. In the meantime, you can carefully trade both ways... This is what many people are successfully doing now. There is enough liquidity in this zone, the takeaway is guaranteed!
This is just the beginning...
ATOM Pull-back Reversal - SHORT SETUPHello, I am Tommy.
If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it.
ATOM Price Chart is building a pull-back reversal, create a price compression with the MA21 line. It's a short setup.
Entry ~ 11.7
AUDNZD | 4Hr | Elliott WaveAUDNZD is ready for correction. It is indicated by 3 factors:
(1) Elliott wave tool by tv - it shows us the 5th wave is completed on 4hr tf, and wave A (correction) has started.
(2) 4hr BOS - Break Of Structure on 4hr shows potential change in character of the current trend.
(3) Divergence in MACD + RSI on top of that RSI is below 50 which shows bearishness and MACD below 0 too.
im short!
Note: Analysis is only for education purpose.
ALL THE BEST!