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A short position in the CHFJPY pairWe recommend taking a short position in the pair CHFJPY. as seen in the chart the pair entered a local resistance at the level 120 and also encountered the broken the weekly broken trend line which acted as a resistance and rejected the price several time, we believe that the price will go down and head firstly to the 4 hours support where we placed out 1st target and then will head to the daily support at 118 if this support was broken. Take this trade only if you agree with our analysis.
Short
by alphaempirefx
1
EURNZD a short outlook? 🦐EURNZD on the daily chart ends the correction in the ascending channel and now testing the support area . The price starts the bearish move at a confluence point enlighten in the chart and now is breaking below. According to Plancton's strategy if the price will satisfy the academy rules we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
20
DataMoney strikes again! Will ETH hit a new ATH?Hello everyone! The early access DataMoney community already know that good old Mr. DataMoney is taking some time off. Sometimes life happens and we need our time off. That being said - I am flattered, shocked and honoured by everyone writing to me. It is great to read your messages and see that soo many of you love this content and genuinely missed me. Thanks again! Now, a quick catch-up: - Bulls market in full throttle. - ETH hit a few new ATH's in the last few days - Cryptos forever making more money!? Speculation: Why is this all happening? Surely many of you will have a variety of opinions. Please feel free to drop a comment down below if I have missed any massive market event. At a high level, all stocks and crypto should be going down. Uncle Sam is busy with the money printer and M1 should be sending the majority of world economies into hyperinflation. But it isn't! Weirdly enough, a lot of the wealthier world just have a lot of money that they are not spending on fine dining, showing off, luxury entertainment and travelling the world. It seems that one way or another, all of that including the variety of stimulus packages end up in financial markets! Now, this is not the place to discuss whether that's right or wrong, but the number does raise eyebrows 👀 At the moment it seems that people buy and buy in large amounts regardless of the price. A crazy speculator would say that the price will keep rising until the Covid restrictions would end and all the new billionaires would want to dust off (or buy) their jets and yachts sending BTC and ETH at least 50% down together with all the small-time investors 😈 Back to business: There are some speculations that both BTC and ETH have formed H in H&S pattern and mid-March scenario is repeating itself. It would be reasonable to expect a 20% correction in the next week or so. Today's technicals: Position is short Forecasted highs at ETH $2220 and $2260 Mid-way point at $2120 Forecasted lows at $2100 and $2050 Have fun trading! 🤑 For the next month or two, there will be fewer DataMoney posts here on TradingView. However, if you have early access invite, DataMoney community remain active and members continue to actively post and collaborating ideas! If you would like to get an early access invite, drop a link to your favourite DataMoney post in the comments down below!
Short
by DataMoney
Will Easter cause a price drop? Who will hype the market?Happy Easter for those who celebrate and happy (long?) weekend for those who don`t! ☀😎🕊 🥚🐣🐇 Many of you noticed that I did not post for a while. Thanks for your messages! There are a few reasons for that: Life, Work, Easter and JetLag 😅 Trading, data analytics and all of that good jazz is great fun. I absolutely love what we have managed to achieve at the DataMoney community. It is amazing to see that our community continues to grow, help one another and everyone profits along the way even in my absence. If you are reading this - please drop a cheerful comment for our community. They are simply great! Back to business What is going on in the market? From doom to the moon. As the ghost of BTC futures past, the bulls were charging ahead and the markets skyrocketed to a new All-Time-High! Now, Easter time puts many of those bulls behind an easter table to put on some weight instead of trading. That naturally pulls back from that super overhyped and overpriced ATH. Nothing to worry about tho, as soon as Monday and Tuesday will kick back in - we shall see some more price movement. Everyone is very excited to see if that will be a new ATH or a dip 😁📈📉 Today's technicals: Position is short 🔻 Forecasted highs at ETH $2150, $2200 Mid-way point moved to $2000! 😱 From $1650 to $2000 in less than a week! 😱 Forecasted lows are at $2000, $1950 Have fun trading! 🤑 If you would like to get an early access invite to DataMoney ETH technical analysis, write in the comments down below what in your opinion would be the best achievement for the DataMoney community members 😉
Short
by DataMoney
3
When will ETH hit a new ATH?Today is the last day of March and potential ATH for BTC ( and maybe ETH? ). What can we expect? Let's take a look at the big picture! This week started with a V-shape price recovery. Many sources said that this price action lacks reason/merit and is unsustainable, but we all know that markets can remain irrational longer than any one person can remain solvent 😂 In reality, ETH went from underpriced to way, way overpriced in 3 days. For comparison, it took 2 weeks to drop from $1800 to under $1600 and only 4 days to spike back to over $1800. It has been a long time since anything like this happened. Rationally if the price has a sudden spike up, it should go down. Currently, the market is ruled more by the news than supply/demand some believe that the news regarding Visa to accept USDC was a big one. It might as well be just an inflated hype. Please keep in mind that since Tuesday last week crypto markets have been ruled by hypesters and news. Again and again, we have seen technical analysis rendered useless. What's happening today? Bull market at full throttle! The market is hot and hypesters are pushing very hard for new All Time Highs (ATH) for both ETH and BTC. It is also the last day of the month therefore common sense would suggest that traders will push hard to close with another record sale. The overall situation should remain similar as yesterday - market technicals suggest a retrace and the market is likely to be heading in a different direction. Today's technicals: Position should be Short (and the price actually dipped since our early access TA!), but I mark it as Long-ish as traders are very likely push for ATH Forecasted highs at ETH $1900 and $1960 Mid-way point jumped to $1750 Forecasted lows at $1750 and way below, however unlikely to get under $1700. Have fun trading! 💸 If you would like to get early access invite to DataMoney ETH technical analysis, write what was your most successful trade in March! 😉
Long
by DataMoney