DOGEUSDT SchematicHello traders, Here is my plan for DogeUSDT. Doge has left its range and is in an upward trend. RSI is over-extended on the 4hr so I expect either a quick pullback before continuation or a deeper retest of an earlier order block before more upward momentum. VIX is flat and EMA's are fanning out. Just need to time entry. There shouldn't be a deep retracement at this stage - keep watch on the candles and make sure a ratio of 5:1 bullish to bearish candles exist and that vix does not rise as we want a steady increase of price. Price should remain above 45 degrees if strong. Goodluck
4hr
WINUSDT 5th wave upHello traders. My wave counter is indicating the start of the 5th wave break out on the 4hr. The yellow line is the quickest and is for individual/sub-waves counts, the green line is for each completed 1,2,3,4,5, the red line shows the whole structure. The yellow line will show when to exit and when to place buy/sell orders etc. We had a short two-wave correction which has created a longer 4th wave correction. Price briefly created a double bottom, broke the line captured some liquidity, and has moved up. Target is an unchecked price imbalance, which I call a naked imbalance. I'm suggesting the price will return to that point and collect trapped longs. The two-period RSI is above 60 and is in the buy zone. Targets on the chart and as always good luck!
EUR/GBP forecastFX:EURGBP
A previous analysis of this chart is linked below
Alternative analysis for EUR/GBP
A parallel channel has been forming for an extended
period of time on the 4hr, with price bouncing along
the lower and higher edges of the channel, and
breaking major support lines along the way downwards
and indicating a strong moving downwards trend.
Ultra bearish technicals on lite coinLite coin has the possibility of returning to 152USD if this ultra bearish scenario plays out. After failing to reach the target for the previous inverse head and shoulder pattern targeting 237USD, lite coin has begun to develop 2 head and shoulders patterns. Easily viewable on a 4hr chart the big one is targeting a downside target of 152USD and will only come in to play if the smaller head and shoulders pattern is completed. The smaller head and shoulders pattern is pretty easy to spot on the 1hr chart and it is targeting 195USD. Personally I do not see the bigger pattern playing out, as the smaller pattern is tilting up which means it is less likely to break the trendline. I have no trades in lite coin atm.
EUR/GBP Short Updatedshort opportunity on the 4H for the EUR/GRBP pair, possible 100+ pips.
Broken triangle suggests a likely continued descent downwards.
respecting fibonacci levels and support lines
broke structure and went past previous diagonal trend line
still showing signs of a continued downtrend,
as price respects second diagonal trendline
LINKUSDTCHAINLINK / USDT 4H
Link is one of the most popular Altcoins.
Here we see that the link has formed a channel in the 4-hour candlestick and now it has reached the bottom of this channel. New channel, 0.38 fibo resistance line
Therefore, the probability of the trend returning to the upward trend can be considered more than the fall and failure of the new channel.
But you know very well that all altcoins get a bitch with a bitcoin sneeze or cough.
Comment on the link and its possible process, thank you
USD/CHF - Ascending StructureUSD/CHF - 4HR Chart
Price has been trading in this ascending channel. Not long ago we saw 6 year lows on this pair. We have remained bullish on the USD throughout.
Price is testing the topside of our structure. Will we see a breakout to the upside or a retracement before another bullish push?
EURUSD 4H Possible Entry for 1:3 RRRIf we see the market structure of EURUSD it seems like an uptrend on a daily timeframe. If you see that black dark line is the strong support level respected many times. Here we are looking for the trend continuation because on 4h time frame the trend is also shifted from one downward to upward recently and making higher highs and higher lows. As the price approaches the strong support that can be seen from every timeframe it will possibly return back to the key level of 4H frame. For entry I am using the 1h timeframe to see wick rejections retracements and retest of the level. If the price retest the strong support twice on 1h candle making a W and break 1h small level it is a possible entry for 1:3 on EURUSD up to 4h key level. Stop loss is 2 times 14 ATR. Otherwise, It will break and strong support and re test it 1,2 times by making double top of resistance which will indicate that price is now breaking and trend will be downside
USD/JPY - Bullish cycle imminent? USD/JPY - 4HR Chart
We've seen a bounce off our long term ascending trendline. Bullish cycle upwards imminent? Will we see price follow our forecasted price path?
Do not use trendlines alone to take trades, however - they can be great to help you identify the trend on the HTF.
USDCHF - LONG POSITION (4HR)FX:USDCHF
CONFLUENCES:
- Bullish market structure confirmed by MA crossover
- Break out from previous area of resistance
- approaching 71% fib & minor support area, I will look for rejection from this area before entry
- Inverse head & shoulders pattern formation
- Elliot wave 5th leg
- rejection of Daily 51 EMA
GTOUSDT The gift that keeps on giving.This is my count on the four-hour chart for GTOUSDT. If I'm correct, I'll be going long! Good Luck!