Coffee
Coffee (Love Coffee & wanna get rich?)View On Coffee (23 Dec 2022)
I am seeing a possible bottoming in coffee.
It is hard to find a single bottoming point but I reckon the price of coffee will not go lower than $150.
In 1Q2023, you can slowly build coffee postings and possible extract the great profit of it.
It shall easily see $190 or even $210
DYODD, all the best and read the disclaimer too.
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Thank You!
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Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 214.05
Pivot: 172.60
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to retest the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before continue heading towards the resistance at 214.05, where the overlap resistance is.
Alternative scenario: Price may head back down to break the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before heading towards the support at 142.05, where the previous swing low is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 214.05
Pivot: 172.60
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to retest the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before continue heading towards the resistance at 214.05, where the overlap resistance is.
Alternative scenario: Price may head back down to break the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before heading towards the support at 142.05, where the previous swing low is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 214.05
Pivot: 172.60
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to retest the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before continue heading towards the resistance at 214.05, where the overlap resistance is.
Alternative scenario: Price may head back down to break the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before heading towards the support at 142.05, where the previous swing low is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 214.05
Pivot: 172.60
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to retest the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before continue heading towards the resistance at 214.05, where the overlap resistance is.
Alternative scenario: Price may head back down to break the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before heading towards the support at 142.05, where the previous swing low is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 174.95
Pivot: 157.55
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 174.95, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 157.55, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bearish DropTitle: Coffee C Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 154.30
Pivot: 164.00
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.
Alternative scenario: Price may head back up to retest the resistance at 154.30, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1!), H4 Potential for Bearish DropTitle: Coffee C Futures ( KC1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 154.30
Pivot: 164.00
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.
Alternative scenario: Price may head back up to retest the resistance at 154.30, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Coffee price keeps the negativity – AnalysisCoffee price provided more negative closings by consolidating below 178.00 resistance, to start reacting to the major indicators by declining towards 159.40, expecting to continue forming negative crawl and attempt to touch 154.00, while breaking this obstacle will extend trades towards 147.10 to face the historical support that appears on the chart, assuring the importance of monitoring its behavior to manage to detect the next main trend.
Coffee Futures ( KC1! ), H4 Potential for Bearish DropTitle: Coffee Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 174.35
Pivot: 163.80
Support: 154.30
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.
Alternative scenario: Price may head back up to retest the pivot at 163.80 where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Long CoffeeWe are long coffee. Take profit at 181.60 and Stop loss at 160.80. It is important to note that stop loss and take profit are activated upon weekly close if levels are met. This trading signal has a 30% profitability rate and a risk to reward ratio of 16. Incredibly profitable trading strategy.
KC COFFEE Supply And Demand Technical Analysis Buy TradeHigher timeframe analysis:
-Price inside weekly RBR demand
-Price very near 200MA + above it.
-Looking for longs
Lower timeframe analysis:
-Pirce broke downward ML (trend lines)
-Price removed opposing supply pivot point areas of supply
-New HH/HL demand zones being created
-Looking at potential small risk with SL below the lowest level.
Let me know your thoughts.
#COFEE- SHORT OPPORTUNITYIn anticipation of the recession, coffe begins to lose value as smart money is moved from these commodities to safer places.
Meanwhile, an upward breakout was attempted on the descending pattern, but the deviation was apparently a fake-out, which means that we will soon have a retest of the support and if it is broken, we can go on short until the next . support.