Break
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.
🌳very important terminologies in Trading🌳Hello every one
🟡(1) Price action
The Movement of an asset or Security's price over Time , Plotted on The chart
🟡(2) All-Time High (ATH)
The Highest asset has Ever been in Price
🟢(3) Support
a Point in the market where the Price is less likely to drop below due to previous demand or price action
🟡(3) Resistance
a Point in the market where the Price is less likely to break above due to previous demand or price action
🔵(4) Trend line
a line indicating the General Price Direction of a chart
🟡(5) break out
when the Price of the asset break through a pre-determined Trendline
⚪(6) Formation
when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions.
🟢(7) pump or bullish
The price of an asset is going up
🟡(7) Dump or bearish
The price of an asset is going Down
🔵(8) Long Position
a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value
🟡(8) short Position
The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
Bitcoin testing supports and looking for a new bottomAs bitcoin has broken through support at 37,000, it is now exploring aggressively the support line at 36,500 respectively 36,000.
If support breaks at 36,000, the next support line which Bitcoin can be exploring will be at 35,500
35,500 is also the ultimate support after which an approximate closer bottom can perhaps be seeing at approximately 33,000
Traders should be mindful of both short and long trades. The current Bitcoin trading area is no man's land.
SOLUSD • 30m • FTX • AnalysisWe are forming an important pattern for Solana! This pattern can be seen in the 1-hour chart but to see it clearer and cleaner I show it in the 30-minute chart. This pattern is very clear and the breaking of this could mean a lot for the price. It's something we have to pay attention!
Moving to 29K fragile support levelI'm afraid we are now moving in a real downtrend.
If Bitcoin moves below 27500 USD, we will really have a very bad situation. If it holds around 29000, there will be no disruption
in its move to above 68K +. so if it rebounds at 29000 USD, we can have hope for a 87000 USD resistance target.
But it's too uncertain for now.
Let's hope the 29K support level will not be as fragile as it seem right now.
The bitcoin winter's is here now. it's not about snow, nor cold. But a bloody crypto massacre for many
Don't take my words for granted, do your own analysis to confirm, and trade at your own risks.
Reverse Cup And Handle SetupHello Traders.Here we Have A Reverse Cup and Handle retesting And Ready for A Sell!Sell!Sell! Ultimately I see Price Going to the .618 Fibb Level,Going Back to trend line Then Testing Off the .382 level Before Breaking out of A Triangle Pattern On the Daily To the upside. We See How it plays Out. For Now Hop onto The Sell!