Daily Watchlist 9th August 2023Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.
5-0-pattern
✅NZD_JPY DOUBLE BOTTOM|LONG🚀
✅NZD_JPY was going down
But then the pair established
A double bottom pattern at 86.39
And upon a rebound broke the
Neckline of 86.82 so I am
Now locally bullish biased and
I think that we will see a
Potential move up
LONG🚀
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XAUUSD 4H Outlook !Hi traders ! As you see in high timeframe, we are in a Descending channel(red lines) !
Now at the top of this descending channel, price formed a price action pattern ! triangle !
now we expecting more downside after a pullback !
be notice that this pullback can appear as a trading range !
good luck ! ;)
🔥 SAND Bearish Triangle Break Out: New Lows ComingSAND is weak. No reason at all to look bullish at this token. The bearish triangle on the chart is taking shape very well. Some more red days and we could break out of the bearish triangle.
Please wait for the break out to confirm with the price closing below 0.325 on the daily chart.
My target is the 2021 lows, which could be the bear market lows, we'll see by then.
EURJPY Trade Recap 2nd August 2023A long position I took on EURJPY this afternoon. Risk was managed but taken out of the position for a breakeven, nowhere for profit to be locked in using structure however I am very happy with the decisions made throughout.
DXY Pattern TriggersTVC:DXY
When separate ideas overlap for a confluence direction, the potential is huge
EURGBP | BUY to target 0.86-0.862Dear 500 bros,
In my opinion, the pair of EURGBP is making a nice Bullish Diamond Pattern. So, I have a Setup for Buy order at current rate.
Happy trading!
AUDUSD FORECASTmarket may pull back from here due to a resistance and may price reach to the target 0.68921.
as we can see we can open a buy trade from when market reach to resistance as u can see in the chart
AUDCHF EASY PATTERN
0.618 222
I am publishing this upcoming trade for the future.
Hopefully this debut is a trade a lot of people make money with.
Good luck.
Solusdt bullish or bearish scenarios Solusdt forming a pennant pattern which is considered as bullish pattern as well as bearish pattern it's depends upon which side the pattern breaks upside or downside. Now we can see sol is sitting at good buying price (trend line support)in short timeframe with proper stoploss. Because there are 30-50% chances of breakdown. (Tight stoploss necessary) .
not a financial advice.
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.DYOR!!!!!
GBPAUD long bias monthly perspective from daily charthi,
there is an uptrend on this asset. price swinging upper 0.61 fib extension level, thats nice cuz price now above the 0.61 fibonacci retracement of 3 years. thats sense bulls are on control.
i think price will range at upper level at august which 1.95-2.00.
if needs a demand i think the changed 1.9 level is will be work as key. it has a nice bullish candle from price. high volume level of the trend inside of trend is at 1.9 level.
i ll looking for gbpaud's bullish signal this month.
$DISH a beat down stock ready for bounce?Down 87% over the past 2 years there's not much left to beat on here.
Technical analysis points to trend reversal and move to the upside at ~70% chance.
It could potentially drop down to demand zone in 5's. Either way, we like it long term.
EURUSD short position idea.This is a simple descending triangle pattern. Major trend is down. Simple market structure + major trend = increased win rate.
GBPCHF FORECAST Right now market is in support zone and trying to pull back from support zone from few days market moving in a rectangle zone i.e
If market successfully pullback from support zone then we can expect a upward trend following rectantangle zone till 1.15141 if it brake the resisrtance then market will again move upward direction and price will come nearest to major resistance
If market fails to pullback from here then the price can go downward direction and try hold at support .if price break this support also then then the market start changin his move and moving downward direction sharply and we can expect a bearish market here and most probably market will reach nearest to major support and try to hold here or market will pullback rapidly due mojor support
GUGU - i'm bearish bias , looking at my analysis , i'm waiting and looking for GU to clean break Break and re-test ( or reject a key level Double bottom/ False Break ( 1.28292 This is a 1 Hr Support level ). if this key level of Support holds strong looking at ( Resistance Levels 1.28869 / 1.29557 )
Neo long NEO will Go to 46-50$NEO price today is $ 9.71 with a 24-hour trading volume of $ 80.93M, market cap of $ 684.93M, and market dominance of 0.06%. The NEO price increased 1.49% in the last 24 hours.
NEO reached its highest price on Jan 15, 2018 when it was trading at its all-time high of $ 195.95, while NEO's lowest price was recorded on Oct 21, 2016 when it was trading at its all-time low of $ 0.072287. The lowest price since it's ATH was $ 4.18 (cycle low). The highest NEO price since the last cycle low was $ 138.87 (cycle high). The NEO price prediction sentiment is currently neutral, while Fear & Greed Index is showing 64 (Greed).
NEO's current circulating supply is 70.54M NEO out of max supply of 100.00M NEO. In terms of market cap, NEO is currently ranked #1 in the NEO Network sector.
Trend Bullish
Higher Lows
divergence RSI
Momentum bullish
MACD Bullish
Highlights
Price has increased by 18% in the last 1 year
Outperformed 68% of the top 100 crypto assets in 1 year
15 green days in the last 30 days (50%)
Has high liquidity based on its market cap
Trading on Binance
Trading with Euro
Risk Analysis
Outperformed by Bitcoin and Ethereum
Trading below the 200-day simple moving average
Down -95% from all-time high
The top-performing year for NEO was 2017 when the price of NEO increased by 52,232.08% from $ 0.144763 to $ 75.76. The worst performing year for NEO was 2018 when the price dropped by -90.04% from $ 75.76 to $ 7.54. The average yearly growth of NEO over the last 8 years is 7,457.81% per year. Usually, NEO performs best in Q2 with an average of 591.78% gain and worst in Q4 with -4.85% loss.
According to current NEO price prediction, the value of NEO is predicted to drop by -2.29% and reach $ 9.32 by July 9, 2023. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 64 (Greed). NEO recorded 15/30 (50%) green days with 9.15% price volatility over the last 30 days. Based on our NEO forecast, it's now a good time to buy NEO. And I bought NEO at this level 20 technical analysis indicators signaling bullish signals, and 9 signaling bearish signals.
NEO is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 2 days, since Jul 01, 2023.
The price of NEO is currently below the 50-day SMA and this indicator has been signaling SELL for the last 4 days, since Jun 30, 2023.
The most recent Death Cross in the Bitcoin market happened 21 days ago, on Jun 12, 2023. Meanwhile, a Golden Cross last occurred on Feb 20, 2023, which was 133 days ago.
Based on technical indicators, NEO's 200-day SMA will rise in the next month and will hit $ 10.00 by Aug 02, 2023. NEO's short-term 50-Day SMA is estimated to hit $ 8.15 by Aug 02, 2023.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 57.69, which indicates that the NEO market is in a neutral position.
NEO Price Forecast
Date Price Change
Jul 5, 2023 $ 9.31 -2.39%
Jul 6, 2023 $ 8.52 -10.66%
Jul 7, 2023 $ 8.70 -8.85%
Jul 8, 2023 $ 8.10 -15.12%
Jul 9, 2023 $ 8.24 -13.60%
Jul 10, 2023 $ 6.79 -28.87%
Jul 11, 2023 $ 6.97 -26.95%
Jul 12, 2023 $ 6.90 -27.64%
Jul 13, 2023 $ 7.17 -24.87%
Jul 14, 2023 $ 7.13 -25.26%
Jul 15, 2023 $ 7.06 -26.02%
Jul 16, 2023 $ 7.05 -26.07%
Jul 17, 2023 $ 7.18 -24.75%
Jul 18, 2023 $ 7.11 -25.52%
Jul 19, 2023 $ 6.96 -27.06%
Jul 20, 2023 $ 6.94 -27.23%
Jul 21, 2023 $ 7.44 -22.02%
Jul 22, 2023 $ 8.11 -15.01%
Jul 23, 2023 $ 7.90 -17.23%
Jul 24, 2023 $ 8.11 -14.94%
Jul 25, 2023 $ 8.17 -14.34%
Jul 26, 2023 $ 7.70 -19.27%
Jul 27, 2023 $ 7.73 -19.01%
Jul 28, 2023 $ 7.70 -19.30%
Jul 29, 2023 $ 7.47 -21.75%
Jul 30, 2023 $ 7.88 -17.38%
Jul 31, 2023 $ 8.68 -8.99%
Aug 1, 2023 $ 8.29 -13.08%
Aug 2, 2023 $ 8.37 -12.29%
Bitcoin Patterns #2This is an update to a previous post attached below.
White traingle
Looking at the white traingle pattern it looks like BTC has broken down, with a confirmed retest. Bearish.
The measure move (target) would be around $28540 as shown by red box.
Yellow Parralel Channel
The channel is playing out nicely so far, you can see it react well on smaller timeframes, especially the central line! Although we broke down from the triangle we have for tbe meantime found some support around the bottom of the channel.
Blue line
The thicker blue line is a longer term support/resistance begining in January 2021. We have yet to break back above it since May 2022, with multiple attempts.
BTCUSDT up or down ???Btc forming a pennant pattern let's see which side it will break if the pattern breaks up side easily we can expect 30500 and the other side it break down means we can reach up to the 29400 mark again .
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DYOR !!!
Nifty Bullish Expiry 20000 Inverted Head & ShoulderInverted Head & Shoulder
RSI Bullish
ADX Positive
Above 200 EMA 100 EMA 50 EMA
www.tradingview.com
GOLD will buy morepreviously gold on a massive uptrend and it was manipulating on a consolidating area between 1961 and 1954..By the way according to the daily prospective gold made a huge impulse without and correction and now it is time to correction.We knwo that the any market do not continue it own trend without a correction so we may see a correction then it will continue its trend .
EthereumLet's take a look at Ethereum.
The uptrend is well maintained for now. The price range of $1,609.41 has been preserved in the downward trend.
On higher time frames, if the $2173.14 resistance zone is fully consumed, we can have an attractive bullish trend.
On the lower time frames, the condition of the upward trend can be the consumption of the range of $1937.12.
The above view is valid on the condition of maintaining the range of $1609.41.
🔥 XRP Reversing From Strong 2023 SupportXRP has been trading bullish for the majority of 2023, continuously trading alongside a diagonal support.
As of last week, XRP has yet again retested the support line and is currently reversing. My assumption is that this support will hold for the coming months.
For an optimal risk-reward I'm targeting 0.7, but you can also take partial profits around 0.55 in case you want to play it more safe. Stop below the recent swing low.
🔥 MATIC Potential Bear Flag Forming: 2 In 1 Signal!After weeks of selling, MATIC seems to have found support and has been trading inside a bullish channel for over a month now. A bullish channel after a strong sell-off often results in a bear flag pattern, which is a continuation of the bearish trend.
Looking at this chart, we can construct two different signals.
The safest trade would be to wait for the price to fall through the channel's support and enter once the price has closed below it. A more risky trade would be to enter from the to resistance, around the current area. Bot trades have the same target: the current bear market bottom around 0.32. The potential win of the risky trade is much higher because of the tighter stop and the further profit target.
