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AUDNZD > Easy Trend Continuation Setup Might Come Soon!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you. Follow up on #AUDNZD Hello friends. This market provided an impulse to the upside and broke major resistance as you see on the chart which now turned to support. I am expecting a retracement to the downside to retest the support level where I will start looking for a valid reason to buy the market to retest the high for a potential 100 pips or so. Safe trading everyone Check today analysis below⠀ >> The market can stay irrational longer than you can stay solvent. _____________________________________________________________________________⠀ -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
16
EURAUD > Trading Plane for A Buy!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you. Follow up on #EURAUD Hello friends. This chart on my reader since last week was looking to get in abuy trade but did not provide me any reason to enter, however, I am glad to see it moved as predicted. Now the market came to the resistance level and as expected, now it is moving to the downside, but I am still going to watch for a reason to get in a buy trade. Safe trading everyone Check today analysis below⠀ >> Do more of what works and less of what doesn’t. _____________________________________________________________________________⠀ -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
4
My view on BitcoinAfter breaking and then retesting the ascending channel, Bitcoin then formed a symmetrical triangle from which it broke downwards. Once a structure is broken there is usually a retest, just like S/R levels. I can see many different Harmonic Patterns to suggest a retest around the 50-61% level, however there seems to be a descending triangle forming which shows my perspective best. So, the retest of the broken symmetrical triangle, the next wave in the descending triangle, a retest of the more recent downtrend line, and a few Harmonic Patterns suggest a short run up to which price will find resistance around ~57-58k. From a technical standpoint this is what I see, however we all know that with BTC, all fundamental factors should be considered. I wont get into those, but I believe the sentiment is still bullish on this 'dip' relative to previous pull backs and people are not as scared. I think it's too early to make assumptions on what will happen next, but I wanted to share my view. Let me know your thoughts in the comments. Previous analyses linked.
BITSTAMP:BTCUSD
by N0ST0PL0SS
8
VeChain// Ascending ChannelPrice has been fluctuating along this channel for the past month with continued momentum. Price is currently finding resistance under -27% after testing the lower TL and 0% Line. Seeing how strong the TL has been in the past we can either expect price to continue to appreciate and break the new ATH or continue to test the lower TL a few more times, after which it will break the ATH. Regardless, from an investing and trading perspective this is a good area to go long....if you're not already in. Fundamentally VeChain has a solid use and is a familiar name within the Crypto Community. Also it has endured the BTC dumps. Reasons not to enter yet: 1. Bearish momentum evident in the two red candles, regardless of price rejection at the lower TL. 2. Bitcoin is under bearish pressure, and while VET may not take a big hit, being in cash would be the safest move. 3. Previously price has tested the TL multiple times before ascending, currently there is only 1 wick on the test. 4. Looking at the previous candles, VET hasnt had such a strong bearish volume move since 1 month ago. Therefore this could suggest the start of a bigger retracement.
Long
by N0ST0PL0SS
NZDJPY > Broken Trendline, Good for Selling!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you. Analysis of #NZDJPY Hello friends. The basic idea here is to short some NZD, you can do it here or against the dollar, but I prefer the yen for many fundamental reasons the first one is that I expect the money to flow back to JPY at least some of it, which will lead to strong YEN. Here on this chart, we have failed to make a new high and a deep retracement and break of trendline support which leads me to predict the continuation to the downside. i will drop a one-time frame investigating for a valid entry to short this market looking for good risk to reward entry targeting the next support level Safe trading everyone 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
Short
by TheTradersAvenue
22
GRT/USDT bullish breakout possibleGRT/USDT pair has formed a large symmetrical triangle. The triangle has been formed in more than 30 days so the pattern looks reliable The breakout looks plausible because the ATR has also dropped to a major support level Additionally an RSI divergence can be spotted with increasing RSI while there is no change in price. This indicates a bullish breakout. Note that the build-up is nicely supported by the 200 EMA Before buying, confirm the breakout using bullish patterns or trade the first pullback
Long
by kipawa
5
CELO/USDT - Long potential due to trend reversalCELO/USDT pair has formed a double bottom on the 1H timeframe. Even though the pattern might not look reliable at first, a key thing to note is the RSI divergence While the price has formed a lower low, the RSI has moved upwards. This indicates that the bulls are gaining momentum The price has broken the neckline so the pattern looks successful. The ATR value is low which indicates that volatility is going to increase Look to time your entry around support using RSI for momentum based swing trades
Long
by kipawa
In which OXT drops to 36 cents before ascending to $1.25! Longer term (weeks - 2 mos) I am bullish. Shorter term (days - weeks) I am bearish. Previous triangle pattern was annulled. Only one target hit. See link below under "Related Ideas" BTC and ETH (our leaders) show further descent possibilities on their charts. Altcoins will exaggerate this price action. I see many ALTS, if not most, touching the 200 day MA before further ascent. 36 cents is the shorter term target and a great price for re-entry. Upside targets are: .65, .75, .90, 1.00, and $1.25 I wish you all the best traders. Follow this post as I update throughout.
COINBASE:OXTUSDShort
by stewdamus
1
OCUGEN - Repeating PatternsIt is pretty clear from our analysis that OCUGEN loves triangles and channels! -It first started its uptrend with the left-most small symmetrical triangle and jumped up from there. -Then it formed the 2nd symmetrical and again launched the rocket. -After the 2nd symmetrical, it formed a bearish channel. It then fell tremendously and has risen back up to form an ascending triangle which again made the stock jump up! -Now, we can see that the second bearish channel is formed. Based on the fact that OCUGEN likes repeating its favorite patterns, we can assume that now is the time for another triangle. And once a triangle will be formed, the rise will come along. But first, as it did in the previous bearish channel, OCUGEN will need to fall and lose some weight to come back up with the energy to build the triangle!
NASDAQ:OCGNLong
by caldooninvestment
37
$USDCHF - Triangle breakoutHi guys! 👋🏻 🔔 US Dollar gains ahead of FOMC meeting, despite negative housing stats and building permits data, +0.50% against the Swiss Franc. 🔔 The year has started unfortunate for the Swiss Franc as the CHF lost 6.33% to GBP, 2.15 to Euro and 5% to Australian Dollar. 🔔 The negative rates kept by the SNB, causing the inflation to remain negative, for the second month in a row the inflation in Switzerland remains -0.5%. Though the deflation has significantly improved, according to the data the state is still in deflation mode for a consecutive year. Incomes of the Swiss National Bank have dropped significantly in 2020, resulting in a total loss of 27,982.1M CHF. 🔔 USD/CHF is in a correction mode in a whole week since March 10, after a trend reversal early this year. The breakout from the descending ending diagonal supported the uptrend of the US Dollar against the Swiss Franc. 🔔 4-Hour chart of the pair suggests that the uptrend continuation of the pair is possible after a confirmed breakout from the triangle. 🔔 The breakout from this triangle will trigger a jump towards $0.93760 and $0.94750 above the local high. The uptrend is supported by RSI and MACD indicators as well as the EMA50. The volatility during the FOMC meetings will create a bumpy road for the price’s ongoing trend-continuation, hence it is highly recommended to keep eye on key levels, supports and resistances, one important resistance lies at $0.93140. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
$GRTUSD - Wait for a breakout and go longHello everyone! GRT is keeping near the lower edge of the symmetrical which is not a good sign for a token which wants to gain value. Nevertheless, since there could be a strong volatility these days, I'm guessing that GRT will break below the triangle and from the nearest supports (see chart) will bounce back towards new highs. The best point to keep in mind in all chart pattern trades is wait for a breakout, the best of the best is wait for a breakout and retest, so wait for a signal and perform the necessary trade.
KRAKEN:GRTUSDLong
by realMarketSurfer
2
$EEENF PT 5 Supernova 285X Returns88 Energy Limited (ASX:88E; AIM 88E) has just commenced drilling the Merlin-1 well which will initially be drilled to 1,500 feet, then surface casing will be installed and the Blow Out Preventer System tested. This is expected to take approximately one week to execute after which the well will be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000 feet. The Merlin-1 well is targeting 645 million barrels of gross mean prospective resource as outlined below. Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation which is expected to take three to five days. A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling. Wireline logging is expected to take five to seven days. If the results from the wireline logging are encouraging, then the well will be completed with casing and a flow test conducted. US$13 million in cash to pursue Harrier-1 next season 88E said that recent delays commencing Merlin-1 could well result in the previously planned Harrier-1 not being drilled until next season. There has also been a financial impact from delays mainly associated with the issuance of a permit to drill that should see the costs of the well attributed to 88E increasing from US$1.4 million to US$4 million. Notwithstanding this financial impost, the company’s current cash position is US$13 million which more than funds its share of the drilling of Merlin-1 and the company’s other planned activities. Consequently, management’s focus is firmly on achieving success with Merlin-1, and on this note managing director Dave Wall said, "Drilling has now commenced at Merlin-1, with results expected within the next 4 weeks. "This is an exciting and pivotal time for the company and our shareholders.” The timing of a potential oil strike couldn’t be better with the Crude Oil WTI Index hitting a high of US$67.98 per barrel just last week, a level it hasn’t traded at since 2018.
OTC:EEENF
by BADQOMOCAWGOWLD
7
Comparison chart $OCGN with $NVAX Tribune News Service New Delhi, March 10 India’s indigenous COVID-19 vaccine COVAXIN is no longer to be used in clinical trial mode and has got the nod of national experts to be used under the normal restricted emergency use authorisation route, just like the Serum Institute manufactured Covishield. The move entails a huge boost to the indigenous Covid vaccine sector and the ICMR and Bharat Biotech, the joint developers of COVAXIN. The restricted emergency use authorisation to COVAXIN had been held up in early January as the vaccine’s phase 3 efficacy data was unavailable till then and its efficiency was yet to be established though the vaccine was safe and immunogenic in early phase 1 and 2 trials. The drug regulator had at that time approved the use of COVAXIN in clinical trial mode until efficacy data came. With Bharat Biotech presenting interim phase 3 data showing 81 per cent efficacy for COVAXIN and Lancet also declaring the vaccine safe and immunogenic with minimum side effects based on phase 2 trial data published yesterday, the subject experts at the Central Drug Standard Control Organisation today reviewed COVAXIN data for two hours and recommended that the vaccine be brought out of the use in clinical trial mode and placed in the category of restricted emergency use. This means beneficiaries of COVAXIN would not need to be followed up closely after administration of the jab, something that was mandatory when the vaccine was permitted for use in clinical trial mode. COVAXIN export will also get a boost with the move.
NASDAQ:NVAXLong
by BADQOMOCAWGOWLD
1
Where do you struggle?After my last couple of posts, I want to ask the question rather than just throwing ideas out there! What aspect of trading do you fear? Why? What do you think you could improve on? Anything!!! Be interesting to see comments. Personally, I can overanalyze and talk myself out of good setups. I've also been knowing to jump in trades too early. This could be anything from risk management, psychology, wrong entries, taking profits too early, too many indicators, following the crowd? Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
15
POLKAstarter// Falling WedgePrice has currently broken out of the falling wedge , which is bearish in nature but a bullish pattern , and is now retesting the broken zone. We can expect a bullish impulse after this retest. However, it will be best to react to a move rather than enter too early. There is still a possibility of BTC dipping some more to finally retest ~40k. Alts will follow suit as a result. If you do decide to enter early however, a decent stop would be below the lowest low which pierced the support drawn. Let me hear your thoughts.
by N0ST0PL0SS
2