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Silver bears await rising wedge confirmation to retake controlsSilver prices remain pressured inside a short-term bearish chart pattern, rising wedge, amid the early Tuesday’s trading. In doing so, the bright metal also justifies the pullback from the one-week-old resistance line. Hence, the bears are firming the grips but need conviction. For that matter, the sellers await a clear downside break of $25.90 to confirm the bearish formation and attack the $25.50 key support. It should, however, be noted that the quote’s sustained weakness below $25.50 will find multiple hurdles around $24.80 before challenging the yearly low surrounding $23.75. Meanwhile, a monthly resistance line close to $26.30, followed by the wedge’s upper boundary near $26.35, could keep testing short-term silver bulls. However, any further upside will not hesitate to refresh the monthly top of $26.75. For that matter, the $27.00 threshold and the mid-June tops close to $27.80 will be in focus.
OANDA:XAGUSDShort
by MTradingGlobal
Bitcoin BTC Range Likely To Be TestedLet me give you all the reasons I'm Bearish on Bitcoin where we stand. ~It has now been roughly 90 days since BTC has made a new high; It has never in the history of Bitcoin corrected for this long in a Bull Run and made new all-time highs in the same year. ~Clear deviation from the standard Bull run cycle indicating something is pulling strings on the broader scale markets. ~Inflation concerns bouncing around from not worried to worried on a large scale, which tells me it's all just a stay calm and trust the process approach. We have seen how this turns out in the past. ~Short squeeze after short squeeze from the Meme stocks on the stock market, rallying a huge new inflow of first-time investors. This spilled heavy onto the crypto market and crypto steadily became a social media trend. All the buying came at the top. ~So when Moon??? ~We are seeing multiple Death Crosses on multiple time frames ~This decrease in volatility is being passed around as a good thing but from my perspective, it is more likely it is a bad one. We have been in a range now for upwards of 55 days which has brought us to this moment. Every time BTC has had a parabolic move to the upside there was a flash crash downwards that created a spring effect. We have not seen this at all which tells me quite clearly price is favoring down rather than up at the moment. ~Why would BTC break a 6 month Down Trend during low volatility times? ~The Bulls have constantly hit their SL repeatedly, and Bears have been having a field day ~Today (07/12) BTC was at the crossroads seemingly ready to break the downtrend and someone strategically sold 356 BTC on open (12 Million) and then proceeded to take every Bulls Stop Loss the rest of the morning. That is by plan. ~More Alt's being created than ever before and growing exponentially. The market is completely flooded. ~DOGE caught a lot of people's eye this year with Elon's playing puppet show but have since been drug through hell. To top it off there are now 18,000 new crypto projects with the name $DOGE in it. Does that seem like a healthy market? ~Supply shock is another narrative being passed around and fundamentally it has value, but it doesn't just occur on a dime. There is no reason to believe it hits the market at 30k+ rather than 20k or potentially lower. ~Volume is so low it's practically not there in the grand scheme of things. No real buyers that create movements in the market have stepped in and I don't see them doing so at this level. We have seen small spikes but this is from hope still surviving in the market. ~Take a look at the RSI for example. Many look at it as a sign of Bullish Divergence but from my perspective that is the symbol of hope in the market. It's visual proof the bulls simply don't want to drown. The price movements started volatile but have slowly lost strength along the way. Just as if you were drowning. I suspect if that RSI breaks down, that hope will diminish rapidly until there is another glimmer of hope they can grasp onto after the next leg down. Interested in your perspectives,
BITSTAMP:BTCUSDShort
by NoOneWhoIsSomeone
4
Technical Analysis: Brent oil bulls aren’t out of the woodsBrent oil struggles to keep bounce off 200-SMA above $76.00 as sellers attack 50-SMA amid early Monday. However, MACD is about to positive while RSI is strong as well, not to forget the black gold’s sustained trading above the key SMA. Hence, oil buyers are bracing for a leap towards the monthly resistance line around $79.00, which in turn will refresh the multi-month high. In doing so, the latest high surrounding $76.30 and $77.50 may entertain energy optimists. Should the Brent bulls keep reins past $79.00, the $80.00 psychological magnet will be a tough nut to crack for them. On the downside, a clear break of $75.80, comprising 50-SMA, will direct short-term sellers towards 200-SMA support of $73.38. However, any further weakness needs to conquer a horizontal area from June 03, around $72.10, to recall the oil sellers. Following that, May 18 swing high near $70.30 may offer an intermediate halt during the fall to the $70.00 threshold and $69.00 support levels. Overall, Brent oil remains on the bullish trend and any pullback above $72.10, can be considered a buying opportunity.
TVC:UKOILLong
by MTradingGlobal
$SEED BULLISH CYPHER PATTERN$SEED BULLISH CYPHER PATTERN SUPPORT AND RESISTANCE Huge Spike in Volume Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology and an e-commerce platform in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. It develops, produces, and distributes hybrid crop seeds, as well as develops hybrid seed technology. The company also operates an e-commerce platform, which provides range of products, including agricultural seed products that comprise corn, rice, and vegetable seeds; other agricultural inputs, such as fertilizers and agricultural chemicals; foods; household products; and other consumer products to farmers through online and mobile ordering. Origin Agritech Limited was founded in 1997 and is headquartered in Beijing, China.
NASDAQ:SEEDLong
by BADQOMOCAWGOWLD
1
Bitcoin 3 Week Chart Of DeathIf you were a long-term investor or "Whale" looking to find a nice entry point, would this be it? Would this chart absolutely convince you this is the right time to invest? Is it pump time to new All-Time Highs? Are we even near the bottom? There have only been 3 times the RSI has broken underneath 20 on the RSI and each time it has signaled a Bear Market. The MACD has also crossed to the downside which every time previously has followed it with a significant drop thereafter. The volume is incredibly low. Listen, im not here to scream BEAR MARKET at everyone because I know a vast majority disconnect as soon as they read it. Im not here to say there won't be a pump. In reality, nobody knows. I am simply pointing out the interesting developments on the 3 Week Time Frame. You can choose to see it however you want to see it, that is up to you! Good luck everyone for the weeks ahead, BE SMART!
BITSTAMP:BTCUSDShort
by NoOneWhoIsSomeone
4
Bitcoin BTC Bullish or Bearish?As we can see BTC has formed a pretty clear downtrend channel. I have previously pointed out potential Bear flags, so I will point out the potential Bull Flag. Depending on how you look at it, this could potentially be a Bull Flag forming. In normal conditions, Bull and Bear flags have about a 60% completion rate. In this scenario, we are looking at a number of bearish patterns which will probably affect its success rate further. It is fighting huge selling pressure. That being said, if this breaks to the upside, BTC could see a strong move. Volume would have to spontaneously spring to support this. It is not impossible but it is hypothetical and it's important to understand that.
by NoOneWhoIsSomeone
TOMO > Trendline > Going Up!Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of TOMO. According to my technical analysis, TOMO is going up, following a strict trendline. A Bullish candle on a 4-hour chart can confirm my analysis. So, I am long on TOMO. "My analysis is valid until we don't see a breakout a retest from trendline" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
TLong
by tradethrill
ARAMCOARAMCO is forming an Ascending Triangle started in early Nov. 2020. Priced reversed from the downward trendline and the resistance area at 36.00 bushing ARAMCO to test the bullish support line of the triangle pattern. This declining is confirmed by indicators such as the RSI and OBV, hence breaking below the support line will forced ARAMCO to continue its downtrend. On the other hand, breaking over the bearish trendline then the resistance area at 36.00 will be the beginning of the bull market.
TADAWUL:2222
by MohammedEl-Sherbiny
USDCAD bulls battle 1.2545-50 key hurdle, Canada employment eyedUSDCAD struggles to defend a four-day uptrend ahead of the monthly employment data for Canada. The Loonie pair currently pokes a confluence of 61.8% Fibonacci retracement and an ascending trend line from early May. That said, the pair pierced the 1.2545-50 key hurdle the previous day but couldn’t stay beyond the same on daily closing amid overbought RSI conditions. The same suggests further hardships for the bulls targeting the 1.2645-50 resistance area including March top and 200-DMA. Meanwhile, pullback moves remain less grim until staying beyond June’s top of 1.2486. Also acting as the nearby important support is a 50% Fibonacci retracement level close to 1.2440. It should, however, be noted that a daily closing below 1.2440 will open the doors for USDCAD bears to challenge the monthly low of 1.2302. Overall, bulls seem tired and bears can take risky entries but it all depends upon today’s Canadian jobs report.
Short
by MTradingGlobal
Eight-month-old support line test EURUSD bears on ECB dayEURUSD bounces off an ascending support line from November 2020 amid oversold RSI during early Thursday. However, sellers remain hopeful as MACD keeps flashing bearish signals ahead of the ECB’s special meeting. The bloc’s central bank is widely expected to repeat support for easy money policies, likely extending the latest corrective pullback towards a two-week-old resistance line near 1.1870. However, any further recovery will be checked by the 200-day EMA surrounding 1.1930, as well as a four-month-long horizontal resistance near the 1.1990–2000 area. Alternatively, any surprise moves, coupled with the further covid-led risk-off mood, could drag the quote below the key trend line support around 1.1780. The same will drag EURUSD prices to the yearly low near 1.1700 before highlighting the November 2020 low of 1.1602. It’s worth noting that the US dollar’s safe-haven allure is likely to keep the major currency pair pressured even if the counter-trend traders benefit on Thursday.
Short
by MTradingGlobal
Bitcoin BTC Perspective is such a strange thing. You can live your entire life seeing things and believing in things in a certain way and in one day all of that can change. We are constantly modifying, adapting, and growing which is what makes our potential so complex and special. What we see with our eyes may not be what's really in front of us. Our eyes fool us on a daily basis and most of all, our minds. Life is a psychological burden that must be constantly fought and persevered against. Keep your mind clear, strong, and open to all things. Live your life full of mindfulness and live a much more understanding, happy, and peaceful one. May happiness touch every one of you!
Short
by NoOneWhoIsSomeone
3
Gold buyers need acceptance beyond $1,800, FOMC Minutes eyedGold rises for the fifth straight day even as market sentiment dwindles. In doing so, the yellow metal keeps the previous day’s upside break of 100-DMA amid recovering oscillators. This in turn joins the market’s cautious mood ahead of the FOMC minutes. Given the US dollar pullback adding to the aforementioned catalysts, gold prices remain ready to battle a horizontal area from late February, around $1,815. However, any further upside beyond the same will be challenged by the 200-DMA level of $1,829. Also acting as the key hurdle are multiple resistance levels from January 20 surrounding $1,870. Meanwhile, a daily closing below the 100-DMA level of $1,789 will recall the gold sellers. Though, March’s top near $1,755 and the recent low of $1,750 could test the bears afterward. In a case where gold fails to rebound from the mid-$1700s, $1,723 and the $1,700 threshold may challenge further downside ahead of the yearly low around $1,677-78.
OANDA:XAUUSDShort
by MTradingGlobal
AUDUSD again crosses seven-week-old hurdle on RBA movesDespite pouring cold water on the face of monetary policy adjustment hopes, the Reserve Bank of Australia (RBA) manages to keep AUDUSD at the front of the G10 gainers. The Aussie central bank refrained from widely teased yields targets while also signaling a plan for further bond purchases during Tuesday’s monetary policy meeting. However, downbeat US dollar and hawkish comments from Governor Philip Lowe back another move beyond the falling trend line resistance, previous support, from mid-May after failing to stay beyond the same during late June’s upswing. Given the bullish MACD and RSI recovery, not to forget the 200-DMA breakout, buyers are likely to overcome the June 25 top surrounding 0.7615 during the latest run-up. Though, early June lows near 0.7645 will test the AUDUSD bulls afterward. Meanwhile, failures to stay past 0.7570 confluence comprising 200-day SMA and the stated trend line, will recall the AUDUSD sellers targeting the 0.7500 round figure. However, bears will again be questioned by a falling trend line from early February, near 0.7475, during any further weakness past 0.7500. It should be observed that the pair’s bearish trend remains in play despite the latest recovery moves.
Long
by MTradingGlobal
AUDUSD > Possible Head and Shoulder Pattern!!Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated Follow up on #AUDUSD with the last week, NFP came slightly negative for the dollar as average hourly earning wage growth came at 0.3%, the bond yield keeps on falling, I expect the dollar to weaken more. as you can see we have on the chart RSI divergence, as you can see while the market kept only falling the rsi was rising, for that, I am looking for a buy entry as I expect the price to go and test 0.7600 price level. we have a possible head and shoulder pattern, I will wait for confirmation before considering the buy side of this market. Check today analysis below⠀ >>“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless." ____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
2
EURJPY > The Best Place for A Buy Trade!!Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated Follow up on #EURJPY I am looking for EURO buy currently, and in this market, I have a possible harmonic bullish bat pattern, also we have a structure trade if the market comes and tests the structure level near 13000 I will look for a possible buy trade if the rules are met targeting 131.00 and maybe 132.00. Check today analysis below⠀ >>“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless." ____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
21