XAUUSD - 4H Hello traders , I hope you have a great day . as you see we are watching gold's last bullish attempts , so , i think we had a bullish flag pattern , as you see on chart I would trade after break out and a pullback , I think we will have a safe sell .
I will have SL but I am not planning to have TP , so chart will say to me where should I close my order . after flag pettern's breakout , I guess we will have a double head or triangle pattern or maybe another flag pattern . so I will make another sell order after that break out .
if you liked my idea please like and share and follow me for more analyses :)
TRADE WISELY , HADI TOHIDI .
4hr
Crude Oil - Bearish viewCrude Oil - Bearish view ,
Possible Scenerios :-
1. If trend line broken price may come down till 58 USD.
2. Price may retest 65.82 level and it may come down to Fibonocci levels 63.72 , 60.52 & 58 USD
Bullish View :-
1. Bullish above if price moves above 67 USD.
Tradingview : www.tradingview.com
Please subscribe to my Youtube channel if you like analysis. ;-)
Youtube : www.youtube.com
ETH USD PLease Hold your Longs!Hi All Since these are my first few posts on Trading view so If could could kindly give me a link and feedback if you like and agree, and if not please still comment, share and help support much appreciated !
So today ETH has reached another ATH against USD with high being at $3619 which is incredible bullish gains for ETH and means ETH will continue to the Estimated $7000 in 2021.
Amazing for ETH as predicted alreading in 2019 and but I know you may not like to read this idea, BUT I notice on todays chart that there is a Bearish divergence arising on the 1hr chart.
This can be seen from the resistance and support levels on RSI indicators and can be seen on the Uptrend analysis on the charts. On the charts I have included these lines to show, We can also see that today ETH had a very long bearish red candle which we shorted all the way down to the EMA line at 4020. It did not go lower than the EMA, FOR NOW! So with with this bullish divergence new, it could mean that we see a regression down to the bearish divergence which I have measured is at 2800 .... AND if we break this, then we could try to break ETH's support which is at 2500...If ETH breaks this support line, signals a Bearish market... Also on the 1D daily chart we have a Red very Bearish candle forming, which has a few days to run down to the EMA level and lower....
Sorry to inform!
Be prepared for a correction or perhaps a bearish trend down to at least 2500, However if ETH does not break below the EMA at 4200 when we see another red bearish candle, than expect that ETH could potentially continue up higher, Im bullish on ETH reaching ATH at $2700 right now in the few hours....
Have a great day
A clear Ascending Channel is Forming on CHF/JPYThe 4h chart of CHF/JPY is forming a great ascending channel.
It's not valid yet, but if price touches the bottom purple line for the second time, then it will be confirmed.
P.S. I'm trying to build my reputation. If you want to help, please Follow my profile, comment below, and like this post :) It will help greatly.. and I will repay the kindess by doing the same back to you!
ADA Stay Bullish- its only 2021Taking advantage of buying majority discounts over the past year or so and I must say no matter what hype major coins received it was only to draw attention away from these smaller cap currencies/coins/tokens as the make milestone bounds one after the other.
How ever it is smart to expect major pullbacks as traction continues to build as market caps continue to make higher highs. Be mindful some of the worlds top 1% percent still have yet to make major serious purchases into the market yet. a huge pump at some point this year but once again thats likely after a strong pullback somewhere near or above $2
linked below is a previous setup ....
#Alice, #MyNeighborAlice Breaking Out of the Wedge?A quick look at #MyNeighborAlice (#ALICEUSDT, #Binance, 4HR):
Price broke the upper resistance of the wedge pattern on April 28 with a solid increase in volume.
We should now wait for a confirmation.
First available support is at the $11.70 level.
If you want to read more about MyNeighborAlice on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Some of my charts represent actual trades, and some are paper trading. Needless to say, this is not financial advice!
#CAKE, #PancakeSwap Breaking out of Formation?A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR):
Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume.
If confirmed, it could be a good entry.
If it fails, price could go back to the $23-$22 level.
If you want to read more about PancakeSwap on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#REN, Can #Ren confirm Triangle Breakout?A quick look at #Ren (#RENUSDT, #Binance, 4HR):
There are two way I can look at this chart: A) Ren broke out a descending triangle on March 26; B) Ren broke out yesterday from a triangle. Either ways, price has been ranging since March 26.
Let's wait to see if the price bounces back from the upper side of the triangle, or for a confirmation of the upper resistance at $1.11-$1.10 flipping into support. If confirmed, we could see #REN finally move higher. If not, price might go back down and find support at $1.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment, or follow me! :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#LTC, #Litecoin price after the pennant?A quick look at #Litecoin (#LTCUSDT, 4HR, #Binance):
Price broke the upper resistance of the pennant pattern on April 5.
After reaching T1, it stopped at $297 on its way to T2.
Price is now retracing to S1, where it might bounce back. If not, next supports are S2 and S3.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#LPT, #Livepeer Triangle Breakout!A quick look at #Livepeer (#LPTUSDT, #Poloniex, 4HR):
Price broke out the upper resistance of the triangle pattern .
Let's wait for a confirmation of S1 or S2. If confirmed, we could see #LPT explore higher grounds. If both fail, price might go back down to S3.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#CKB, #NervosNetwork Broke out of Wedge. Now what?A quick look at #NervosNetwork (#CKBUSDT, #Binance, 4HR):
Price broke the upper resistance of the wedge pattern on April 11.
However, since April 8, it's been going within a tight range between $0.029-$0.032 (reaching up to $0.035). It seem the , where it seems S1 is struggling to act as support. If it manages to hold and bounce off of that and break through the resistance at $0.032, we could see #CKB price move higher. If not, price may bounce its way down to the EMA200 (S2) or down at S3.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#ETH, An update on #Ethereum after the breakout.A quick look at #Ethereum (#ETHUSDT, #Binance, 4HR):
ETH has been in a wedge formation since March 20, and broke previous ATHs three times. Price has been in a tight range since April 2 and, on April 13, it broke out of the pattern.
After reaching T1, it stopped at $2,548 (ATH).
If S1 holds, ETH can try again to break the ATH and move higher. If S1 does not hold, price could retest the wedge or the lower resistance areas.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#TWT, #TrustWalletToken UpdateA quick look at #TrustWalletToken (#TWTUSDT, #Binance, 4HR):
Price broke the upper resistance of the pennant pattern on April 4 with a nice volume spike.
Since then, we missed TP1 by a $0,01 and lost support at the $0,80 level.
Currently, we are testing support at $0.74. If it manages to hold and push higher through resistance, we could see #TWT resume its path towards T1. If not, price might go back down and try to rebound from the EMA200, or in the $0.65-$0.62 range.
To read more about TWT on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#GRT, Can #TheGraph push higher?A quick look at #TheGraph (#GRTUSDT, #Binance, 4HR):
Price broke the upper resistance of the wedge pattern on March 28.
Since then, we managed to reach TP1, and now price is in this tight range between $2.15 and $1.90 (S1).
If S1 holds as support, GRT can attempt once again to break R1 and resume its walk towards TP2.
If S2 does not hold, price could find support at the well established S2 level.
To read more about The Graph on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#CHR, #Chromia after the Wedge?A quick look at #Chromia (#CHRUSDT, #Binance, 4HR):
Price timidly broke the upper resistance of the wedge pattern on April 8, but it has also been trading within a range since March 16.
CHR needs to break R1 before aiming to TP1.
If rejected at R1, price should go back to the EMA200 or S1 and, if that does not hold, to S2.
If you want to read more about Chromia on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#DOT, #Polkadot Breakout?A quick look at #Polkadot (#DOTUSDT, #Binance, 4HR):
Price broke the upper resistance of the pennant pattern earlier today, April 17, hitting its ATH at $48.36.
Since then, the 1HR chart shows what to me seems to be a confirmation. I opened a position at $44.63.
If DOT manages to flip R1 into support, we can try to reach TP1. If it does not hold, price might go back down to S1 or to the EMA200/S2.
If you want to read more about Polkadot on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#LINK, #ChainLink and the Double-Top.A quick look at #ChainLink (LINKUSDT, 4HR, Binance):
Price broke and retested the upper resistance of the pennant pattern on March 31, and the following wedge on April 13.
LINK then managed to break TP1 (Woo-hoo!) and run up to $44.40 (ATH), short of TP2, where it was rejected.
With the double-top, price is taking a break and should likely find support at S2, where it could resume its run up. If S2 does not hold, S3.
Since we are still in an uptrend, this could be a good break to restock some LINKs! :)
If you want to read more about ChainLink on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
#ALGO, Can #Algorand push higher?A quick look at #Algorand (#ALGOUSDT, #Binance, 4HR):
Price broke the upper resistance of the triangle pattern on March 29.
Since then, it broke the $1.47 resistance, flipping into support (S1). If S1 holds, price can try to break R1 and push the price higher.
If S1 does not hold, price might go back down and try to rebound from the EMA200/S2.
If you want to read more about Algorand on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
WINUSDT New chartHello traders, after reviewing my previous chart, I decided to create a fresh chart as I had put too much emphasis on an indicator and not price action. I'm currently trying only a new combination of Wyckoff and Elliot counts (Fractals).
I've focused on only keeping VIX, RSI, and EMA as indicators. I still believe we are entering the 5th wave move and have already created the 1st wave and we are currently in the second wave retracement. I made the mistake of entering too early and now have to sit through the current negative cycle. This is because I didn't pay attention to price action and purchased widespread candles with high volume and didn't take time to markup the Wyckoff stages. If we are now in the second wave retracement we shouldn't go below 88.5 Fibonacci, if we do we will enter a much stepper down cycle and my count is completely wrong. I hope not! Good luck!