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Dailychart

Gold in daily support zoneIts highly possible for gold to pullback up and break the resistance levels throw 1930.00 again because the level we can see in the picture is a daily strong level which has hit the trend line as well which if we use support level and trend line and Fibonacci -0.618 level as confirmation (its up to your strategy) we can clearly see the we will have a good Long opportunity and at the same time its possible to go down but due to strong support level that we have in this point , in my point of view at leat we will experience a good pull back thru 1760.00 price. hope u guys enjoyed. OANDA:XAUUSD
OANDA:XAUUSD
by globalfx200
SP500 - Relentless Bull Channel SP500 DAILY - - and where are targets above. There are 2 MM targets above - the channel had a dip out but is still valid.. now we are at the midline which has held prices for months.. Notice that often when a channel breaks out and the break out fails, the trapping of aggressive breakout traders will give a continuation momentum with the trend - such that you get an overshoot to the other side of the channel. In this case we may NOT go to the other side, but may break above the midline.. The last 3 days have been DOJIs right at the midpoint so the market is deciding here if we get another leg up on the D chart. 'Trade what the market is telling you.. not what you think ;) '
OANDA:SPX500USDLong
by docholliday
1
USD/JPY 4-Hour Analysis: Week's Close #1 (26 Feb 2021)The week ends with the market on the USD/JPY pair producing a high at 106.692. It approaches the weekly 50% major level of resistance with both a bearish divergence and a bullish convergence on the RSI, a conflicting information that induces us to think about a continuation in the bullish retracement of the previous weekly downtrend, but also keeping in mind that a double bearish divergence has higher probabilities and the market structure may show clearer signs of reversion to the downside, retracing on the current daily/4h move. In relation to pip advances, the current swing-high has already advanced +47.3 pips above the previous swing-high, which is greater than the previous advance of +45.1 pips, leading us to think that the current upwards move is slightly accelerating. That may be intentional by the market manipulators, in order to grab the liquidity of longs in order to fill their short orders. Bear in mind that individual retracements of each 4h swing-high are increasing, from 59.247% on the first swing, to 61.438% on the second, and lastly 71.806% on the third. If individual retracements on 4h swings keep on increasing at this rate, an over 100% retracement is possible, with price creating a lower low on the market structure, combining with an RSI convergence. All this price action and technical analysis can be considered for a moderate short bias. If you enjoy this analysis, please leave it a like and follow me on TradingView. Tell me what you think about this idea in the comments section below. Other than that, I wish all of you a nice weekend and good trading!
Short
by acsedward
ETH/USD How much lower can we go?We had a nice breakout from our ascending triangle, setting a new ATH around 2040$. The length (light blue line) of the triangle was a great indicator to predict future resistance. We went even a little higher before pulling back down. So finally another great opportunity to buy more eth! Our first buy orders are already filled, but hopefully we go even lower. A 40% drop would hit new buy orders around 1224$, sounds like a nice discount to me! DCA your way down, set some buy orders and don't fomo just all in. Happy trading! Let me know what you think down below.
BITSTAMP:ETHUSD
by NickMoons
BTC - Watch out for the next Bitcoin correctionEven though I have got a good trade from $47k to $55k as published in the previous post, right now I still have the feeling of FOMO when BTC is at $57k right now. The overwhelming euphoria in this market is, indeed, making me nervous. Crypto-Fear-&-greed Index has been hitting 90s and even any idiot could easily make money right now. And at the time when people think the market is doing extremely good, it is usually the time for a correction, especially in the crypto market. If history ever rhymes, I think BTC is about to have another correction ahead. Referencing the last bull year 2017, I think we are about to face a strong resistance zone at $60k-$62k (and another at ~$68k). I imagine that, if this actually turns out to be a local top, we are gonna have a 30%-40% correction dragging the price down to $40k zone. This $40k-$42k zone, in fact, appears to be a strong support zone right now, because of: 1. Previous local top 2. Kijun line of the double Ichimoku 3. R3 monthly Pivot By all means, this is NOT a post suggesting shorting the market. As an Ichimoku supporter, man don't short when price is above the cloud. Through this post, I want to suggest that man should refrain his euphoria and put himself in a position that can weather a strong correction. The best things to do right now, in my humble opinion, are 1) to book some profits and 2) to have some percentage in cash for buying a potential ~30% dip. Not financial advice. Have fun trading.
COINBASE:BTCUSD
by UnknownUnicorn13756681
4
ADAUSDI think we all saw ADA hitting almost 1$, actually on the daily chart it looks like it went just above (manipulation? I don't know). We see some support around 0.8$, but I won't be surprised if we go lower like we did 2 days ago, hitting 0.68$. You just can't expect this rocket to go higher without dropping 30% to refuel from time to time. You can draw the wedge differently, more like a bull flag, or see it as sideways action waiting for BTC to make a move. I just don't mind going lower to buy more, but that's only because I bought ADA before Christmas and sold a small portion around the big even. Anyway I am bullish in the long run, can't wait for Goguen (integration of smart contracts) to roll out, expecting ADA to climb way above 1$. Won't make a price prediction, we'll just have to see. Please do your research and create some sort of strategy before buying. Let me know what you think in the comments below.
BINANCE:ADAUSD
by NickMoons
ETH/USD daily chart - swing tradeETHUSD daily chart - swing trade * This is my simple analysis * (My trading style is strictly price action.) Risk Disclosure DISCLAIMER: Forex, futures , stocks, crypto and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures , stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
BITSTAMP:ETHUSDLong
by jmazes
2
BITCOIN Bullflag Completed!Bitcoin looking Bearish on the daily. - Daily Bullflag Completed - Internal Measured Move Completed confirming Daily Resistance level - 50k Psychological Level Confirms as Resistance - MACD turning Bearish and Cross anticipated - RSI overbought and showing Hidden Bearish Divergence signal Note: Awaiting new Support level to be identified off Fib Retracement levels 0.236, 0.382, 0.5-0.618 or Former Resistance which is yet to be tested as Support. What are your thoughts? "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
BITSTAMP:BTCUSDShort
by Trader_Johnni
3
GBP/JPY - Simple Daily StructureWhy have we been looking for long positions on GJ for the past few weeks and months you ask? Well, on the daily chart we can clearly see we have resided in an Ascending channel for some time now. However, we have now rallied up to the top of our ascending channel with a third touch. You can see some key levels marked in on the right hand side. These are key levels on the lower time frames that we have been using to take long setups on the pair. Where will price head next? We are right at the top of the range for this pair. See our related idea for some long positions on this pair!
by Jal121
NVIDIA Strength to Strength!NVDA (NASDAQ) Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets, as well as system on a chip units for the mobile computing and automotive market. Bullish Outlook: - Ascending Triangle - 4th Touch Break Daily Resistance - Gann Fan 1/2 - 1/3 Range - TB Fib Extension Targets 1.0, 1.618 Aligning with Fractal/Measured Move targets - Strong Uptrend Note: Expecting a possible retest of Daily Resistance. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
NASDAQ:NVDALong
by Trader_Johnni
1
USDJPY - Price form new target at 105.7This is the result of the post I made on 9th February, 2021. Take a minute to check my page for it. Price has broken out of the trendline, a pull back has occurred, therefore I expect price to head back to the it's root. Thank you for reading. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Long
by PetrockFxTrading