NZD/CHF: PAT + VPA 11/03/2024Good morning,
On this date, March 11, 2024, I will be conducting an analysis of the NZD/CHF currency pair.
Daily (1D): The daily timeframe has exhibited a bearish trend, initiating a downward movement from May 28, 2024, to August 5, 2024. During this period, the price encountered support at 0.494, subsequently rallying to 0.536. It is important to highlight that 0.536 represents the last swing low that was breached on the weekly chart. The price faced significant resistance at approximately 0.536 and subsequently tested the daily swing low at 0.519. Following this, the price entered a consolidation phase between 0.519 and 0.526, which persisted for 16 days before breaking below the daily swing low of 0.519.
The weekly and monthly moving averages (7EMA & 21EMA on the daily timeframe) indicate a sustained bearish trend. Presently, the support level is situated at 0.494. I anticipate that the price will trend towards 0.494 in the coming weeks.
I will be actively seeking trading opportunities targeting 0.494.
ThePipAssassin
Chartinganalysis
Reversal Rising Wedge pattern in COLPALCOLGATE PALM (INDIA) LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 2030-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 1900-.
📈 Can Go short in this stock by placing a stop loss Above 2200+.
Gold is still Bullish.... !!! Target 2100Gold is still bullish on the higher time frame. You will start to see a bullish run to 2100. As you can see on the chart, gold a still making a higher highs in the 4hr time frame.
Please learn about chart patterns to see how to identify them and how they can help you in trading.
Good Luck.
aud/cad looking like its going to take a Fallhere in my analysis I've noticed on the Daily time Frame that we have a Complete Head and Shoulders Formation With A break to the downside and price action has retested that area and is now starting to reject the same area
The R/R isn't the greatest due to the rule of taking the Trade utilizing the head and shoulder pattern as additional confirmation for this set up
Disclaimer: past profits don't guarantee a future result
trading is risky and can result in 100% loss of trading balance
information shared is for educational and demo purposes only!!
HYMC heading for a breakout? 7/12/2022HYMC seems to have changed its trend. You will see that we have entered with higher lows and higher highs. This could signal a breakout above 1.10 testing its next resistance level at 1.19. If the momentum continues then I would say that we could break out of the 200 DMA. However, there is A LOT of resistance at the 1.19 level.
The MACD just crossed over and I am getting signals on the 3, 13 EMA Cross. The volume also seems to be steadily increasing with today being one of the better days for volume.
RBLX the Next 30 DaysI am new to this, but I really enjoy it and would love any feedback. This is not financial advice.
This analysis is based on the Elliott Wave Theory. I think you will see one more major move up before watching it fall to the ground like a dead cat. This is based on the 5-3 theory and considering that this is a psychological play more than a fundamental play it would make sense to have one more major continuation before she falls through the floor.
BTC Perpetual Futures 24hr video One - Learning the SystemI finally got a camera and mic installed on my computer and i can do the recording. I am going to my best to explain my thought process. This, for me is an exciting new approach as it forces me to be coherent to a broader spectrum of mindsets. Yes i know all of you negative and trolly types have no idea what is going on, think i am trying to be a Guru, or sell something etc. But as i have continued to state, I am an artist, i started doing these charts after studying the use of geometry in predictive projections of reality. Most notable the reflections of this are found in the masterworks of arts that last through time. Its never the matter its made of, it is always the geometry. So this is video one, i am streaming my consciousness, i think, because the pattern recognition area of my brain is busy mapping geometric expressions. i have not done that before but i expect my mind will build a more correlated pattern of inspired information along the way. So enjoy. I did Going to make more on this same chart so you can see the whole process. If anyone out there ever comes up with a code or algorithm that can do this automatically that would be cool.
As it stands now i appear to be the only person in the entire world doing this. That's kinda cool. Even cooler if you, reading this, are also seeing these patterns. Let me know. It is definitely specific mind that i hope to find out there. One who might enjoy organizing grains of sand into patterns before the next gust of wind.
The Polygon Point money verse mantraThis is the reflection of this massive point of consensus, building up in the marketplace. It's pretty cool and reflects some nice development of the digital organism. Through time, their values should strengthen when patterns form. Patterns are heuristics for Traders. I think when AI is fully introduced that difficulty will disappear. What will remain, as long as humans are involved, is manipulation. I feel like we are watching two giants fighting. The natural flow versus maipulaiton.
Lukso Potential moves over the next 1-2 weeksLukso Potential moves over the next 1-2 weeks, will be breaking them down in my upcoming youtube video and what to do in each scenario!
scenario 1 is a straight forward trend within the drawn lines
scenario 2 we see a pull back into a teacup and handle (to the moon after)
scenario 3 we slide into a double bottom and see another large accumulation stage
$XRP PT .90-1.15 next leg up, momentum in up-trending channelRipple’s XRP slipped by 0.04% on Thursday. Partially reversing a 1.14% gain from Wednesday, Ripple’s XRP ended the day at $0.57008.
A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $0.59411 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.5900 before sliding to an early afternoon intraday low $0.54864.
Steering clear of the first major support level at $0.5390, Ripple’s XRP recovered to $0.57 levels to limit the downside.
At the time of writing, Ripple’s XRP was down by 0.27% to $0.56856. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.57270 before falling to a low $0.56828.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move back through the $0.5709 pivot level to bring the first major resistance level at $0.5932 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.59 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $0.59411 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.62 levels before any pullback. The second major resistance level sits at $0.0.6164.
Failure to move back through the $0.5709 pivot would bring the first major support level at $0.5478 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of the 23.6% FIB of $0.5320. The second major support level sits at $0.5255.
Looking at the Technical Indicators
First Major Support Level: $0.5478
Pivot Level: $0.5709
First Major resistance Level: $0.5932
23.6% FIB Retracement Level: $0.5320
38.2% FIB Retracement Level: $0.4632
62% FIB Retracement Level: $0.3521
Classic Charting - Be ready to make your move.Simple,
What is the best best indicator? The chart its self.
Then its up to you! I like to use nothing but RSI, fib, Gann, and type "Theory's and techniques and no, I am not a Gann wizard. Its just cool to use some off his techniques if you can.
Honestly I read Candice Brown more than anything. Trade on the side for fun.
RSI Divergence, support and resistance.