NOT ANALYSIS🔮#NOT Analysis : Pattern Formation 💰💰
📈 #NOT is making perfect Double Top Pattern and if #NOT breakdown the trendline then we would see a dump.
📊 Current Price: $0.01642
⏳ Target Price: $0.01536
⁉️ What to do?
- We can trade according to the chart and make some profits in #NOT. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲
#NOT #Cryptocurrency #DYOR #Dump #Brearish
Bearishsentiment
$COMP at 50/50 regionBased on the current chart, NYSE:COMP is showing some strength.
When the CSTP indicator shows a blue candlestick body with red wick/tail. it is an indication of a potential bearish move, unless the next candle after it close as bullish (green or blue candlestick with green wick)
I will expect it retrace to the yellow moving average line before a possible uptrend reversal, else the bullish move continues.
Trade smartly and apply risk management.
IEX - Pitai k baad After a decent correction in stock from 320 to 130 the stock now stands at very crucial levels of support zone. So taking the neutral side so:
-A buy after a strong candle at this support zone
-Sell when the support breaks and price Retest the support again
I expect the stock to fall further so most possibly will take the :
Sell below 125 for the tgt of 105
GBPAUD SELL!GBPAUD broke the Trendine to downside in March 2022 and ever since has been trading within a Rectangle Pattern as shown in the Chart. Price recently retested that Trendline and moved down quickly , managing to break even the Rectangle Pattern to downside and is currently retesting the lower limit of the Pattern . I expect a brief flag pattern followed by a downward move all the way to the Next Target 1.72713 !
im not gonna trade on monday markets are in deep red and gonna open in deep red too so this time my personal view on the market will be like no trading on Monday.
Fridays USA markets were in deep red so we can see the panic in our Indian markets on Monday. so I personally would like to wait on the sideline for a better opportunity rather than jumping any other trades.
because markets are likely to open near our support and I don't short near supports.
BEST OF LUCK TRADERS.
EUR/AUD: Short positionEuro it's look that could to weakness in ffron of australian dollar and our key support it's find down to $1.4962 and also, from thisbview. I see a weakness. It's good to make an entry from 30 minutes but I use H1 to look better and what happening now that we forming a manipulation structure and liquidatiln in that zone.
Im in short and i entry around $1.5197 AUD with SL at $1.5245 AUD and my target toward $1.4960 AUD
Good luck
For reference, goes to H4 timeframe and it's very clearfully what happen.
Warning!!! Bitcoin formed a bearish rising wedge!!! 🐻 sentimentThe bear sentiment it's so clear than water, but we see in H4 timeframe that Bitcoin it's not stable to bought contract. For that,I cancelled my position right now to closed up manually because we have the big possibility that Bitcoin goes to make a reversal of the trend. And that mean that it's great becuase we could to save USD to bought more cryptos to add in my portfolio. I thinking in it.
This it's my plan to sell below of $28,000 dollars in case that Bitcin doesn't support this price level. At the moment, I'm out of the crypto markets and I didn't reccomend to short or long Bitcoin, becuase we could to formed a mini-distributtion to find down a best price to bought!!!
We see in weekly chart that Bitcoin have 2 weeks bear sentiment and the trend could to experiment a possible reversal so near of the $20,000 USD above of this price. This it's my theory!!! But as Bitcoin it's so consolidate, I don't like to trade in this scenario when the assets it's into this consolidation.
For that, my own reccomendation it's still alert when Bitcoin mae the next movement when break up or down this consolidation in the range of %29,000 USD- $34,000 USD to take best decision!!!
This it's possible a correction toward the $900 USD!!! Good ideaAt the moment, Ethereum it's show a rejection of the price in H4 chart. So, we can to see a down movement toward the $1,106 USD. Now, in this point, this it's very important to know if Ethereum break down this support that could be psycological important to form any rejection or formation of this bullish channel. So for that, we would need to know this part of manipulation when we see first a bearish risign wedge and we could have a potentail formation of bullish channel into this bearish rising wedge that I show you for you. This it's a market secret that investor and traders use to identity possible potentail of formation. But in case that Ethreum doesn't break down the $1,106 USD and show any bullish or rejection candlestick, we could to see and prefer to find down possible bought at $1,106 USD approximately to then, we can to see a target profit at $`,400 USD again, that it's in case for bullish scenario, and that I show you using this arrow model.
In H8, MACD show highe lower in the MACD signal, usign htis blue and yellow line, that show that MACD are lossing boughts, that mean possibles overbought market in H8 timeframe. Bur for that, this model it's the same of H4 timeframe. To know, if Etherem going to break down the $1,106 USD, we could to see a next movement toward the $900 USD easily.
And then, this it's the Daily chart that I wanting to share you. We see a bearish divergence in the MACD that show higher lower, and also in the same time the price action that we have this big bearish candlestick that show a overbought market.
So guys, the possibility to see the $900 USD it's 75% of probability in front of 25% that $1,106 USD make support and then up.
So, I'm in the market right now from $1,234 USD hoping the confirmation of H4 timeframe candlestick. So, I am in short position with a SL at $1,329 USD and my target it's exactly at $910 USD.
What is SET thinking ?Dear investors, this is a question I have had for a long time.
Will the Covid Panic Island powers be too strong and force the price index lower or have the market collected strength from half a year of knowledge?
Sorry to say to all SET investors, I don’t think it has and am more bearish now for than I was in the middle of March.
We’ll see if 1200 will be strong enough or if SET wants to close the 1150 gap, and how long down south the 4th phase trend will take the index.
Uncle Sam wanna dip further tonight on employment update.Beware!The FOMC statement of yesterday quickly brought the pair down to the bottom from the top of the range. With expectations that we will see some job sector softening based on rising job cuts data and some weakness in yesterday's ADP Private Payrolls report (September's total for jobs added was revised down from an initial 135,000 to 93,000), it is possible to continue its intraweek trend lower if government data confirm the weakness.
The momentum is in your favor, and if we see a poor update of U.S. employment and a currency reaction, it may be time for action. A warm number of U.S. jobs will probably attract buyers, not just fresh ones, but will probably result in profits from yesterday's fall so be careful with that. Cheers and have last week trade ahead ;)
Trade setup: continuing EUR/GBP analysisif the 1HR candle closes below that wick we can wait for a retest of that trend in addition to 0.89000 being a key psychological level
to consider adding an additional short entry, the price may then rally towards our targeted areas of 0.88400 first then 0.88000
apply good risk management to your trades!
EUR/USD - Strong Bearish Engulfing Candle Signaling BreakoutA very powerful bearish engulfing candle formed today on EUR/USD. There seems to be an overall bearish sentiment forming on all Euro pairs. This signal looks nice forming below resistance at (1.4400) and being significantly more powerful then any of the consolidation we have seen over the past week or so. Looking for a tight 1:2 RR if possible, but playing this conservatively considering we are currently range bound in the big picture
NZDUSD: 2618 SETUP (H1)Hi there,
We have a very clean 2618 setup formed on the Kiwi. Price is currently 20 pips away from the trade entry point, 0.69150. I trade 2618 setups on the H1 timeframe aggressively and have already placed a pending sell limit at this level. Remember, only trade what is in your plan, and if you don't have one, please do yourself a favour and get one before losing any more money. The 2618 trade is explained by Jason Stapleton is a free video training, you can check that out if this strategy interests you.
Entry: 0.69150
Stop: 0.69760
Target 1: 0.68370
Target 2: 0.68020
Until next time.
Good trading,
Luke