ETHUSDT MAJOR SUPPORT!!! *SOON 600*ETHUSDT is at major support level which if gets broken ( I think it will) we will see very bearish movement to downside.
Why 600?
This is first support level which can show some sign of support .
You can see it pumped so much without any small pullbacks to feel imbalances in market and now they need to be filled.
I think it will break down because of bitcoin also being very bearish. This isnt move that will happen in week or month.
It will take good amount of time for ti to reach this level
But this year looks like it will be very bearish till the end.
This is not financial advice, I am just sharing my opinion.
Break
WILL USDT.D REJECT ??Hello !!
Welcome to the quick update of USDT.D. It is currently, moving inside a channel and may soon get rejected from 4.80. It has been rejected multiple times from the trend line as shown in the chart. This will be the 5th time it is going to get rejected and if it happens we may see a green market. The altcoins may pump around 10 to 15 % if it gets rejected.
USDT.D and BTC go in the opposite direction. If USDT.D gets rejected, BTC will soon see a pump until the first resistance of 39300 then 40800 along with a rally in the altcoins as well.
On the other hand, I can see a Cup and Handle pattern and if USDT.D breaks this pattern and retests, then BTC will break 38200 mark and we may see 37000 levels and also 33000 if the worst happens. Let's wait for the right time to enter any trade and wait for confirmations rather than speculations.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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AAVEUSDT is trying to have a breakout!The price is creating a descending channel after the breakout from the falling wedge as I told you on my previous idea
On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$
How to approach?
The price needs to have a new breakout from the 4h dynamic resistance and daily resistance. the next valid key level is 190$. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
WTI RETEST AGAIN 4H DESCENDING LINEWTI crude oil traded lower yesterday after hitting resistance at $108.73 on Monday, near the downside resistance line. Although the black liquid remains below that line, it is also trading above the key support territory of $93.00. Thus, the experts expect some short-term declines up until that zone, but for the outlook to become overly bearish, we believe a clear and decisive dip below $94.75 is needed.
On the upside, yesterday's price was retested and again confirmed the descending upper triangle line as a support. The traders would like to see a clear break above $108.65 before they start examining the bullish case. This could also confirm the break and may pave the way towards the $115.63 level or the high taken from March 08th at levels around $125.00.
Such a dip will confirm a forthcoming lower low on the daily chart and may see scope for declines towards the 88.65 or 86.45 zones. If neither obstacle can stop the bears, then we may see them pushing towards the low of January 24th, at 82.50.
Shifting attention to our short-term oscillators, we see that the RSI, already below 50, shows signs of turning south again. At the same time, the MACD, although slightly positive, lies below its trigger line and looks ready to fall below zero soon. Both indicators suggest that oil could start gaining downside speed again more quickly.
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GMT UP Channel Pattern formationPossible formation of UP Channel Pattern.
If we break through channel line, then this idea will not be valid.
If we break upper line, we can get another pump, otherwise it can go down to previous support level.
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Please note that this is not a financial advice. Just my personal idea. Do your own research.
EURUSD - Video Top-Down AnalysisHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC H1BTC now drop below support in triangle on 1 hour chart. Always plan your entries based on BTC movement in order to maximize profits. US session opening in 1 hour, so eye on DOW and others for if we see bounce then will reflect in BTC. According to my chart yesterday $42.8k - $43k is real possibility and good entry zone for if DOW recovers.