FLOKIUSDT | Another Small Correction Downside?🐶📉 Market Context
Are we on the verge of another downside correction for FLOKIUSDT? It certainly looks possible!
Strategy
Friday saw a strong move down, and we usually fill those wicks sooner or later. Given this pattern, we could see FLOKIUSDT dip a few more pips. This setup presents a quick 1.5:1 risk-reward trade—an exciting opportunity to capitalize on the market's momentum!
Let’s dive in and see how it plays out—stay tuned!
Bearishmove
IOUSDT | Heading Lower Before the Big Pump?Market Context
IOUSDT just attempted a breakout, but I’m not buying it. Here's why:
Chart Analysis
Despite the recent breakout attempt, the volume isn't convincing. Without the necessary volume, this move seems weak and likely to reverse.
Strategy
I’m expecting IOUSDT to dip lower before it catches the wave with BTC's anticipated pump later this week. This could be a strategic opportunity to short now and buy back in at a lower price.
Stay tuned—this market move could be quite the rollercoaster!
LEVERUSDT | Ready to Move Lower?Market Context
Is LEVERUSDT set to dip from this point? The signs are there!
Chart Analysis
We couldn't establish a new high on the daily chart, even with decent trading volume. This setup suggests a potential move lower, presenting an exciting quick trade opportunity.
Strategy
With strong volume but failing to break higher, I’m betting on a downward move. This trade could play out swiftly, so let's see how it unfolds!
Stay tuned—this could get interesting fast!
GNOUSDT | Ready to Move Lower?Market Context
GNOUSDT recently saw a significant spike in volume, but we couldn't establish a new high on the daily chart. Now, we're consolidating within a trendline on the H4 timeframe, hinting at a possible false break.
Strategy
I’m betting on a move lower. This setup looks like it could play out quickly today, but we might see the downward momentum continue into tomorrow. It’s a thrilling moment—let’s see how this trade unfolds!
Stay tuned for updates and let’s ride this potential dip together!
GBPJPY analysis and forecastHi traders, as you see gbpjpy is in big bearish flag pattern, price didnt break high of our impulse so this setup is still valid for me. Price break our trendline agressively so that indicate that price is lossing buy momentum and it might push lower. But in order to confirm that move we need correction so that our price action will be complete. I will wait for possible retrace and correction on 1h, i will update below when it will be ready. As i posted few days ago, gbp index is showing that it can push bit higher so that might give us correction on GBPJPY, stay patient!
SHORTING EURJPY IDEA
Eurjpy has been a strong uptrend lately. The catalyst to this strong move to the upside was the Inverse head and shoulder that formed.
Price broke the neckline of the IHS which also served as a level of resistance. Because price broke this level, it will now serve as support.
The break of the neckline caused price to create a new high (or higher high).
Therefore I am looking to sell the retracement to test the neckline (the new support level) which should create a higher low.
I drew a Fibonacci from the most recent higher low to the new high. I am expecting price to retrace to the golden area of 50.0-61.8 Fibonacci level which correlates to the anticipated support level and hopefully respect the trendline.
Also if you take a look at the RSI, there is a bearish divergence that exist.
Like, or comment if you see something different. Feel free to post your analysis if you have a different point of view. I am open to all comments!!
NasdaqImpass - waiting for the direction -
- bearish view:
1 supply has been touched - suggesting that the move is to the downside.
2 Bearish head and shoulders - 4hour clearly emerging -
3 Pullback in order to carry on bull trend.
Bullish -
Trend is up - trend line for the 4 hour is looking to pullback to bounce off and head up to the next zone?
pullback to demand zone
Only time will tell tomorrow as we trade
Let us see and wait patiently for the formation to playout.