EURAUD > A Possible Double Top with RSI Divergence.Analysis of #EURAUD
A possible double top with RSI divergence, I am being conservative and looking for a confirmation on the lowest time frame on the hourly time frame before getting in a sell trade if the rules are met.
if the market breaks to the upside this will invalidate this idea.
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Chartpaterns
How to Avoid TerraLuna Crash #luna #terralunaIt has become more than clear now that it is a natural phenomenon that fast rises lead to even faster dump and crash.
If you have been around since last Bitcoin bull cycle that ended in 2017, you know that there were a massive amount of power taking the Alt Coins to the moon, but an even stronger force taking them down to ground.
This time around, we are seeing the same thing but with an even stronger force.
In this article I will point out 1 key strategy to Avoid being caught in the Failed side of a project.
Avoiding this unpredictable events as a retail trader is very hard, however, being able to have an Entry and Exit plan is very easy.
Having an Entry and Exit plan is a must for every trader. I trade cycles and patterns. My posts and twits are about specific patterns that gives us the highest probability of success when entering a trade. Even so, we manage to get many wrong. But the most important thing is to *NOT* be caught in this mud slide like TerraLuna and failed projects.
You can see in the chart that Luna made a beautiful round bottom which is a measured moved and one could easily have taken the breakout of the round bottom and ride for massive gains. Many could think that it would continue to go Up indefinitely, however, everything comes to an end. In this case, the end of TerraLuna was 99% loss.
So that bottom line is find your strategy and know when to enter and when to exit, don't be greedy. In this case, a great example of a round bottom with a target Entry at the Break out and Exit at the measured move. Take your profits and run. Don't hope for the unknown.
As always, appreciate the likes, comments and share.
Until next time.
$SPY ready for the relief bounce?$SPY reached its new low for this year as the market extended its losing streak for this month after the fed decision last week meeting. One of the main factors of the sell-off was inflation and shortage of commodities due to back log and covid restrictions. in my personal opinion, i think $SPY will continue to make lower highs or lower lows. Any rips or bounce can be treated as a fake reversal until we go above the 200 or 100 moving average.
Day trade or scalp target play: 05/09/22
Buy call above 405.28 sell at 411.09 or above.
Buy puts below 396.59 sell at 391.45 or below
option open interest: ideal expiration date: (risky) 06/17/22, 7/15/22
Hello everyone,
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
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My technical analysis is not to be regarded as investment advice. but for general informational purposes only.
AUDNZD > A Beautiful Bullish Harmonic Bat Pattern!!Analysis of #AUDNZD
A beautiful bullish harmonic bat pattern might complete near strong structure support level where the market showed bullish behavior before.
I am waiting to if the market comes to test my structure support level and provide me with a valid reason to get in a buy trade.
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EURUSD > Possible Big Rally up From Here.Analysis of #EURUSD
the EURUSD found some support near 2017 low and remains supported at this level, should we get confirmation that USA inflation is slowing down we can expect the market to rally from here and regains momentum o the upside.
I am watching the lower timeframe to see if we are starting a small uptrend on the lower time frame to get into a trend continuation to the upside, still, as I explained I am waiting for confirmation.
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EURAUD > Strong Supply Zone for A Sell.Analysis of #EURAUD
the market now is at a strong daily resistance level I am waiting for a confirmation we are turning bearish on the lower time frame before entering a selll trade if the rules for entry are met.
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EURJPY > Strong Bearish Bat Might Come Soon!!Analysis of #EURJPY
Another beautiful harmonic bat pattern similar to my analysis on EURCAD also might complete the D leg near a strong structure resistance level which will make a good level for a short entry.
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EURUSD > The Best P Lace for A Sell Entry!Analysis of #EURUSD
following up o my previous analysis on EURUSD the market moved up as expected still believe this move has more room to the upside.
Looking at the chart we have trend line resistance and structure resistance level near 1.07000 coincide which will make a good level to enter short trade if the rules for entry are met
we need to be patient and conservative in choosing our entry
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
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ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.8208
TP: 0.6560
SL: 0.9430
Bias: Short
It is obvious that this pair is also also following the beaten track of the major crypto pairs. USDT seems stronger against all major crypto verticals . So is the case here. We see a down trend creating a shorting opportunity.
$ATERAterian, Inc., together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. The company provides Artificial Intelligence Marketplace e-Commerce Engine, a software technology platform, which uses machine learning, natural language processing, and data analytics to design, develop, market, and sell products. Its platform offers home and kitchen appliances; kitchenware; heating, cooling, and health and beauty products; and air quality appliances, such as dehumidifiers, humidifiers, and air conditioners under the hOmeLabs, Vremi, Squatty Potty, Xtava, RIF6, Aussie Health, Holonix, Truweo, Mueller, Pursteam, Pohl and Schmitt, Healing Solutions, Photo Paper Direct, and Spiralizer brands. The company also sells essential oils. It primarily serves individual online consumers through Amazon and other e-commerce platforms, as well as through its owned and operated websites and other marketplaces. The company was formerly known as Mohawk Group Holdings, Inc. and changed its name to Aterian, Inc. in April 2021. Aterian, Inc. was founded in 2014 and is headquartered in New York, New York.
$COSMCosmos Holdings Inc. operates as a vertically integrated pharmaceutical company. It offers proprietary line of branded and generic pharmaceuticals, nutraceuticals, over-the-counter (OTC) medications, health care, baby products, medical devices, and other products through its distribution channels and e-commerce market place. The company identifies, acquires, develops, and commercializes products that enhance patients' lives and outcomes, as well as has distribution centers in Greece, and the United Kingdom; and warehousing facility. It serves wholesale pharmaceutical distributors and independent retail pharmacies. The company was formerly known as Prime Estates and Developments, Inc. and changed its name to Cosmos Holdings Inc. in November 2013. Cosmos Holdings Inc. was incorporated in 2009 and is based in Chicago, Illinois.
SILVER XAGUSD Supply And Demand Support And Resistance AnalysisSee picture for analysis.
Feel free to share your thought...
#silver #supplyanddemand #supportandresistance #technicalanalysis
USDJPY > We Might See Short Term Selling Soon!Analysis of #USDJPY
The USDJPY did rally 2% today almost 250 pips after BOJ chief Kuroda's commentary
taking a look at the chart we have the trend line resistance where the market fell before, we also have RSI divergence in an overbought territory which previously indicated the market is running out of steam, many expect the market will hit 140.00 but I think the BOJ will have to intervene, however, we care about the chart.
be careful in choosing your entries, for me, I am sticking with short term entries for the time being
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
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EURNZD > Could We Have a Breakout of Resistance!?Analysis of #EURNZD
the EURNZD currently testing its resistance level near 1.6288-1.6310, if the market successfully breaks and closes above its resistance level is ill then look for trend continuation pattern to get in a buy trade
this week we have FOMC Press Conference and NFP, it is going to be volatile, that's why I will be careful and wait for confirmation before I make a trade
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
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EURUSD > We Might Have a Bottom Here!Analysis of #EURUSD
Following up on my analysis on EURUSD, the market moved as I predicted that we will come and test the low of 2015-2016-2017 now that we did do just that, the market seems to be supported here.
this week we have FOMC Press Conference and NFP, it is going to be volatile, that's why I will be careful and wait for confirmation that the market is turning bullish before I make a trade
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
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