US OIL - Bullish Bat Potential LongCrude oil is returning to the bullish bat pcz which also happens to be at a high demand level. Lets see the pa over the next few days, but if an additional edge develops we will long in and around this area with the given targets. We are not long for now .
Update soon.
Bat
Trade signal | STEPN (GMT) completed setup for upto 37% pumpHi dear members , hope you are well and welcome to the new trade setup of STEPN (GMT) with US Dollar pair.
Previously we caught almost 21% pump of GMT as below:
Now on a daily time frame, GMT has formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Buying Opportunity on NZDUSDThis week, I'm eyeing a potential buying opportunity on NZDUSD, and here's my trade plan:
1. Bullish 5-0 Pattern on Weekly Chart: The NZDUSD is currently in the zone of the Bullish 5-0 Pattern on the Weekly Chart, signaling a potential buying opportunity.
2. 4-hourly Chart Setup: The 4-hourly chart presents a candlestick confirmation at the Potential Reversal Zone (PRZ), indicating a possible entry point for long positions.
3. Confirmation with 3-Bar Reversal: Despite the candlestick confirmation at the PRZ, I remain cautious and will wait for further confirmation. I'm looking for a 3-bar reversal pattern, where the next candle closes above 0.6089 and retests the level at 0.6083 before considering a buying opportunity.
By waiting for the 3-bar reversal pattern, I aim to ensure a stronger confirmation of the bullish momentum before entering the trade.
What are your thoughts on NZDUSD? Feel free to share your trade plans and insights below!
Wishing everyone profitable trading ahead!
Banknifty Bearish 🐻Wolfewave with Bearish Bat 🦇Bank Nifty Analysis: A Confluence of Bearish Signals Across Timeframes
Our in-depth analysis of Bank Nifty across various timeframes reveals a compelling collection of bearish indicators, suggesting a cautious approach for investors. Among these, the Bearish Wolfe Wave patterns on both weekly and H4 charts stand out, alongside the activation of the Bat Action Magnet Move (BAMM), pointing towards a potential downward trajectory.
Key Technical Observations:
Bearish Wolfe Wave Patterns: The identification of Bearish Wolfe Wave formations in both the weekly and H4 timeframes suggests an imminent reversal from the current bullish trend to a bearish trend.
Bat Action Magnet Move (BAMM): This phenomenon indicates that the price is gravitating towards a significant level of resistance, potentially marking a pivotal turning point for Bank Nifty.
Proximity to Resistance Levels: The price is nearing a critical juncture as identified by Read the Market (RTM) analysis, specifically the Left Shoulder (LS) Kink, which aligns with a Maximum Pain Level (MPL) and a Minor Flag Limit (FL). This cluster of resistance reinforces the bearish sentiment.
Anticipation of New Supply Formation: Although bearish indicators are prominent, the formation of a new supply zone is eagerly awaited. Predictions suggest a brief upward movement towards the BAT Pattern Recognition Zone (PRZ) and LS Kink, where new supply could emerge, setting the stage for a significant downturn.
Elliott Wave Analysis: From an Elliott Wave perspective, the market is currently in a correction phase, with an expected follow-up of an impulsive decline mirroring the previous impulsive fall labeled as "A". This symmetry supports the forecast of a downturn, where "A" equals "C" in magnitude.
Observation on Divergence: The current analysis notes the absence of strong divergence signals. This lack suggests that, despite the bearish outlook, traders might benefit from awaiting more robust divergence indications before positioning themselves.
Conclusion :
The aggregation of technical indicators, including Wolfe Wave patterns, BAMM, and resistance confluences, directs us towards a bearish forecast for Bank Nifty. However, a strategic pause is advised until the formation of a new supply zone and the emergence of stronger divergence signals are observed. This cautious stance will enable investors to make informed decisions, leveraging the detailed insights provided by this analysis.
Visual Analysis Links:
Daily Timeframe Analysis
M15 Timeframe Analysis
MKR is poised for a major breakout!Technical analysis shows:
MKR is about to break through a key resistance level at $2969.
RSI is coming out of the overbought zone, indicating that a price correction is unlikely.
MACD shows that the strong uptrend is still in place.
Recent news is also positive:
Coinbase Custody will support the MKR token.
Grayscale Investments has added another 25,000 MKR to its portfolio.
The MakerDAO protocol is developing a solution for the DAI stablecoin with Bitcoin collateral.
All of these factors indicate that MKR has strong potential for growth in the short term.
Entry point:
Buy if the price breaks above $2969 and stabilizes above this level
Stop-loss: $2763
Target: Determine your risk tolerance before setting a target.
Note:
Do your own research and use a proper risk management strategy before entering any trade.
Are you ready to enter the trade?
Additional information:
Timeframe: 4-hour chart
Indicators: RSI, MACD
Support: $2763
Resistance: $2969
Disclaimer:
This analysis is for informational purposes only and should not be considered as trading advice.
Always do your own research and consult with a financial advisor before making any investment decisions.
Cortex (CTXC) completed a setup for upto 89% rallyHi dear friends, hope you are well, and welcome to the new trade setup of Cortex (CTXC) with US Dollar pair.
Previously we caught almost 25% pump of CTXC as below:
Now on 4-hr time frame, CTXC has formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Awaiting Retest for Shorting OpportunityUSDJPY has caught my attention with the potential for a shorting opportunity. Here's the breakdown:
1. Previous Bearish Run:
- A notable 850 pips (~8,500 USD/lot) on a previous USDJPY Fib3 Bat Pattern run.
2. Current Outlook:
- Considering a bearish stance on USDJPY.
- Awaiting a market retest on the 1-hourly chart at 147.74.
Share your thoughts and trade plans for USDJPY in the comments below. Let's discuss and analyze together!
BAT/USDT A successful breakout the resistance, Bullish Momentum!💎 BAT has recently encountered significant market dynamics. Currently, BAT is confronting a resistance area after experiencing a substantial rebound from the demand zone.
💎 If BAT manages to break out above the resistance area, there's probability for the price to resume its upward trajectory and reach our target at the bearish OB area.
💎 However, if BAT faces rejection at the resistance level, there's a possibility that the price will retreat downward, revisiting the demand zone around $0.29 to gather momentum for another potential breakout.
💎 It's crucial for BAT to bounce when it reaches the demand area. Failure to do so, resulting in a breakdown below the demand zone, could signal bearish sentiment, potentially leading to further downward movement in price.
#BAT/UST#BAT
The price is moving in a bearish flag on the 12-hour frame
We also have a good penetration and therefore we seek stability
above moving average 100
We have a major support area at the 0.2100 level
We have a positive divergence on RSI
Entry area 0.2330
The first target is 0.2356
The second target is 0.2547
The fourth target is 0.2704
Lisk (LSK) setting up for upto 25.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Lisk (LSK).
Recently we caught almost 35% pump of LSK as below:
Now on 1-hr time frame, LSK is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ETH Bearish Bat PatternI've identified a potential Bearish Bat Harmonic Pattern on the ETH/USD chart, signaling a potential reversal in the current uptrend. This pattern is formed by four price swings within the Fibonacci ratios. If the pattern completes as expected, we might see a reversal in the price of ETH/USD around the $3800 level.
Arweave (AR) is setting up for upto 20.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Arweave (AR) coin with US Dollar pair.
Recently we caught almost 331% pump of AR as below:
Now on a 2-hr time frame, AR is completing the final leg of a bullish BAT move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Harmonic on Harmony x2 - Bullish Bat Long $ONELSE:ONE has completed a bullish bat and sprung above the prior resistance, which is a historical key level, it is now testing that resistance as support.
It is possible that we go back down to the pcz of the harmonic to complete a type two return, hence why the stoploss is below that pcz. Having said that we are in an actionable area now so we plan to monitor it closely, potentially adding to our position should we retrace to the pcz.
Daily is also showing potential bullish divergence.
BAT is Bullish, after the pullback it will continue the trend BAT is Bullish, after the pullback it will continue the trend
🔵Entry Zone 0.3007 - 0.3184
🔴SL 0.2749
🟢TP1 0.3366
🟢TP2 0.3969
🟢TP3 0.4810
🟢TP4 0.5448
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
Why didn't I take this trade.I plotted this potential harmonic on Macy'y a day or two before their earnings on 02/27/2024.
Saw the potential to short once the C target was hit but was scared to do it. Was looking at a $16 June put. At the time it was $63-$68. It is now $117 as I type this.
#ScaredMoneyDontMakeMoney
#BAT #BATUSD #BATUSDT #Analysis #Eddy#BAT #BATUSD #BATUSDT #Analysis #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of #Bitcoin from the link below :
Confluence: when multiple ideas are used together to form stratI've been looking at this for almost a year now and now that I'm seeing 3 confirmations that boomer coin could be headed to 47k (usually a little above VAH), it's becoming harder to ignore, an incomplete bearish bat D leg, VAH, S/R all ending at at 47K. I've also included the bearish levels cuz having one bias is just stoopid. Just a reminder, D legs of harmonics don't always plays out, I study manipulation of failed patterns so if this this thing pancakes or goes sideways forever idgaf. I just wanted to post this b/c it looking more and more like that's where we were heading. 🤷
to me boomer coin could flush or pop on news so that's why I hate making macro predictions, srsly don't give a sht if it fails, just showing u what I've been looking at for literally a year since Oct 31, 2021
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