Dailychart
ATOM 1D ReviewHello everyone, I invite you to review the ATOM chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line on which the price is currently based.
Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at $8.81, and then it is worth marking the support zone from $7.89 to $7.26.
Looking the other way, we see that the price has turned around at the resistance of $ 10.29, when it manages to break it, we have a strong resistance zone from $ 11.06 to $ 11.56, only after a positive upward exit and testing the resistance will the price be able to keep going up.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates a downtrend, while the RSI is in the process of rebounding, and looking at the energies and the MACD, we can expect a price drop.
Weaken create a famous reversal patternDaily Chart
Polka Dot ( BINANCE:DOTUSDT ) has weaken and show that on the chart.
A famous reversal pattern being create on daily timeframe. Now, DOT/USDT is trading at $5.12
We need to wait a confirmation when price breakdown neckline or price will breakout the right shoulder to continue go up. That's 2 scenarios for this case
Wait and see next move
ACCO Potential up until $6.39🐂 Trade Idea: Long - ACCO
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 5.57
🐿 DCA: No / Yes, up to or down to xxx.xx
😫 Stop-Loss: 4.75
🎯 Take-Profit #1: 6.39 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
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Double bottom on the weekly at 4.27 with an ascending triangle formation. At 6.50 we can see the current neck line. First profit target should be slightly below at 6.39. Rest can trail and if we can jump above the 6.50 we could see some substantial upward potential.
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TELL ME WHAT YOU SEE IN GBP/USDPlease if you found this helpful drop a like and follow, let us discuss it in the comment section.
To me, this trend looks like expanding and also counting the ELLIOT wave inside the trend. We should be looking for a buying opportunity if the price continues holding the particular zone
SasanSeifi 💁♂️AVAX👉1D 🔻▪️ Hello everyone ✌️
As you can see, after the almost 30% price drop from the 14$ price range; Currently, the price is trading in the 11$ range.
According to the behavior of candles, the scenario we can consider in the daily time is that if the support range of10$ is maintained, the price will grow to the Fair Value Gap-FVG range of 12.50$ and the important resistance range of 14$. And then, if it is confirmed from the resistance range, we will see the price correction.
In case of a positive fluctuation, to better understand the continuation of the movement process,We have to see how the price will react to the resistance ranges. Otherwise, in case the price penetrates above the important resistance range of 14$ and stabilizes it, We may see more price growth. Possible trends are also identified.
❎ (DYOR)...⚠️⚜️
What do you think about this analysis? I will be glad to know your idea 🙂✌️
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AUDCAD at daily horizontal support... The RBA are likely to continue raising rates, more so than the BOC. The real fundamental bias is based on the economic data, though - Australia has released much more attractive economic figures than Canada. In fact, the AUD is a clear buy for me, if and when the price action agrees.
We could see price reverse from the current support at 0.8815. If not, the next key levels are 0.8750 and 0.8600...
ETH/USDT 4HInterval resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1712, if the support is broken then the next support is $1694, $1676 and $1650.
Now let's move on to the resistance line, as you can see the first resistance is $1746, if you manage to break it, the next resistance will be $1767, $1784 and $1801.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD indicates a return to the local downtrend, while the RSI also has a rebound and room for the price to go a little lower.
EURGBP I Trading plan and forecast Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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SOL/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the SOL chart in pair to USDT, on a one-day interval. Let's start by marking with a yellow line, an uptrend from which the price went down and entered a downward triangle marked with blue lines.
Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $19.91, the second support is at $17.66, the third support is at $15.21, and then we can see a drop to $12.12.
Looking the other way, we see that the price will first have to break through the strong resistance zone from $23.41 to $27.01. However, if it manages to break out of this zone upwards, the next resistance will appear at the price of $ 32.20, and then at the price of 38.80.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are in an uptrend, while the RSI shows an increase to the upper part of the range with minimal rebound.
Don't be fooled by reversal candlesticks this pair BULLISHUSDJPY may be slowing down in pertaining to bullish momentum, but a few other things need to happen for a short. A correction trendline has already been broken which is the first sign. The following must occur on the intraday 4H timeframe for me to short. I need to see a Lower low along with the moving average crossover to the downside. then a retest to the neckline and providing indecisiveness and volatility on the 1H. My first target for any shorts will be the major 38.2 PRZ level. Because this pair is massively bullish, all targets for buys are locked in at -27% then then next daily resistance since price is creating record highs.
Bitcoin daily chart 260523 : On the daily chart we can see that BTC broke the support of the symmetrical triangle formation with a failed attempt to brake back into the triangle (with 27k acting as resistance). Previous failed attempts to brake this resistance line were followed by deeper corrections.
This theory will be invalidated if BTC manages to brake 27,5k and flip it as support.
4-h chart detail of the symmetrical triangle with a retest of 27k and MA50-line as resistance :
USD/CHF - long positionWe have the USD/CHF on the daily time frame. We can see the downtrend, which is confirmed by indicator 200 EMA. Indicators SAR and RSI remains in the bullish control zone. It may be the right opportunity to take a long position. Final target, take profit, entry price and stop loss are in the chart.
AUDUSD I Brief correction and more potential downsideWelcome back! Let me know your thoughts in the comments!
** AUDSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Bearish divergence in BANKNIFTY on daily chartBearish divergence refers to a technical pattern that occurs when there is a discrepancy between the price movement of an asset and its relative strength index (RSI) indicator. In the case of Bank Nifty on the daily chart, a bearish divergence on the RSI suggests a potential reversal or weakness in the uptrend of the index.
The RSI is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is often used by traders to identify overbought and oversold conditions in an asset. When the RSI moves above 70, it is considered overbought, indicating a potential price correction, while a move below 30 suggests oversold conditions and a possible rebound.
In the context of Bank Nifty's daily chart, a bearish divergence occurs when the price of the index forms higher highs while the RSI forms lower highs. This discrepancy suggests that the buying pressure supporting the upward price movement is weakening, signaling a potential reversal or pullback in the near future.
Be cautious on upside trades.
Daily pulling back on EUWe had a Change of Character on the daily timeframe signaling a pullback. This will be good to look for shorts on the 4H. If we get a Change of Character to the upside after at least pulling back 50% there is a very high chance of continuing bullish and targeting the Daily high so long as we don't go below the Daily strong low