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USDCHF - Price can try break resistance level and continue riseHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 A not long time ago price made strong downward impulse from resistance area, which coincided with $0.8550 level. CHF declined even support level to support line, and at once bounced back, but soon repeated this movement again. Then price finally broke $0.8420 level and rose to resistance level, after which it bounced and a short time later fell to support line. Next, Swiss Franc bounced up from this line, made fake breakout of $0.8550 level, and then declined back. At the moment, I think that CHF can reach resistance level again and try to break it, after which price can make a retest. After this, Swiss Franc will bounce and continue to move up to $0.8600 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
The Important Area According to Elliott Waves, we made 5 original descending waves on the daily frame, both for Bitcoin and the rest of the coins. The price could take three bullish corrective waves and then complete the original bearish waves, or it could take a sideways wave trajectory and then complete the original bearish waves Or has another opinion about the end of the bear market and the beginning of the original bullish waves So this gray area has a share of its name! In conjunction with the possibility of the price testing the downtrend, which supports the possibility of descending Honestly, every possibility has its backing and strength But the strongest reason that happened in my opinion, which is (breaking the bottom that formed the last top) remains a difficult number in the equation
CRYPTOCAP:TOTAL2
by AHMAD-CHART
Did it Fail?Hello everyone, Some big red candles were formed today after touching the resistance line of the pattern. The bias is neutral since we are looking at a bullish flag and the price is forming good structures when going from a resistance to support. Also, we just touched the 0.5 Fibonacci level which is our strong support and the price is showing some rejection of it. The only reason that the bias might change is red candles, they are way bigger than green candles as you see in the chart below. However, if we want to look for a good buying area, we are looking at the area in the circle where the price might goes if it does not break the range we are in. Please comment if you have any questions.
by yassin_khanji
Hitting ~28k$ very soonBTC does look like its forming a bearflag. Could potentially hit the big resistance at ~40k$ before breaking out of this channel to the downside. Pricetarget of this bearflag is at ~28,1k$ which would automatically mean we hit also the golden ratio. This would be the best target to reach to be able to reverse the market and continue with the bull market. To the guys who are familiar with elliott waves: In my opinion wave C should be finished quite clearly once we hit the 40k$ and come down to 28k$ then. Please just correct me if I am wrong.
INDEX:BTCUSDShort
by crnkjexxxx
XRP Heading To Break Through Last Main LevelsXRP has finally started to show some great and solid signs, that it is about to take off. This time price is clearly climbing organically. It is retesting every new support and resistence that it makes and doesn't just explode out of nowhere just to fall back down dramatically. After we clear up from current yellow area, we have 2 more major levels to break, before heading to $1.5-$2 area, where some consolidation is to be expected. I am not a financial advisor so don't buy anything that a say. Have a great one. BITSTAMP:XRPUSD
BITSTAMP:XRPUSD
by CR35
Practice drawing Price Control Points within value areas.Control Price is "A pivotal support or resistance area inside the value area. The best way to think of the control price, or pivotal area, inside of the value area is that it acts like gravity, attracting price above it and below it as long as price is within the vicinity of the value area. In this picture I attempted to draw in several control points and circle price reactions. After doing this I am convinced that this is an occurrence. I feel I did myself a slight disservice using the time frames 15 and 5 to draw them in. I think I would get more useable results if I used something like the 240 and 15, just to get a bigger change in lens when identifying pivot points and getting a more complete picture of possible market forces.
COMEX:SIK2021Education
by emehoke
Staley Swing Trading SetupSwing trading is a style of trading that attempts to capture short- to medium-term gains in a stock (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. Key levels (horizontal support and resistance) are pillars of technical analysis because these are areas where a lot of trading action happens! A resistance level represents a price point that an asset has had trouble exceeding in the time period being considered. Resistance can visualized using different technical indicators rather than simply drawing a line connecting highs. How do you identify trends? The best way to identify trends, in my experience, is to use simple price action. Higher highs and higher lows signal an uptrend, while lower highs and lower lows represent a downtrend. These basic analytical skills synergize very well together, and is very beginner friendly. Sometimes with Trading we tend to overthink, and analyze. I have learned less is more, and I hope this setup benefits someone out there.
by sovereign.rein