DOGE - 81% crash is starting! (Sell all your coins, no time)
If you haven't sold DOGE, you should do it as soon as possible because otherwise you will experience a critical 81% crash. But fortunately, I am here to protect your funds, and in this analysis, I will tell you why this crash is going to happen!
First of all, we can clearly see that the price is moving in the descending parallel channel on the macro-weekly chart. The price is inside the channel, and we have a total of 5 touches. This is definitely a valid parallel channel on the LOG scale, and Doge remains in bearish mode.
What's more, there is a bearish head and shoulders pattern, and the price is very near its neckline. You still have time to react, but the crash could be very steep and disgusting, so what you want to do is short Doge instead on the futures market if you want to make money on this coin.
In April, Twitter changed its logo to the Doge coin logo. It was supposed to be bullish, so everyone was buying like crazy, but instead the price went down even below the starting bullish candle. It was clearly an April joke from the Twitter owners, and there was no plan to start a bull market. So why do they do that? Clearly, the investors that bought the news are at a loss, and an 81% crash is starting so...
The bottom could be at 0.618 LOG FIB, but I think we are going to go even lower than that. But this is definitely a good level, so you can buy Doge at the FIB for a short-term bounce and make money. It's going to be a great trade. Make sure you do not forget about this upcoming trade with a 200% profit. I will, of course, notify you about it, so set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
Overall, Doge is bearish, but I believe we will see a new all-time high, but it's not going to be soon. This coin is not going to zero, as it is valuable. We need more time so the whales can buy this coin at a cheap price!
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Descending Channel
$M Long Swing Opportunity with Big Price TargetsNYSE:M is in a downtrend channel but I think there is a long opportunity as long as it holds the 15.9 level with targets of 19 and 22.65
-Falling Wedge breakout and retest wedge-line as support
-Bottom of channel bounce with strong green candles
-Buying volume vastly outweighs selling volume from trend
-RSI showing momentum with plenty of room to run
Good idea to wait for a confirmation hold above 16 old support for entry
EURCAD - Bearish Descending ChannelHi Traders,
EURCAD is trading within a descending channel which we could see another bearish move down near the top boundary of the channel. As BOC raised interest rates another 25 basis points unexpectedly, we can expect more bearish downfall.
Thanks
Trade Safe
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Bitcoin - Pitchfork and Bullish Flag (You haven't seen it!)
On the chart, you can see my Fibonacci original pitchfork on the logarithmic scale, starting from the bottom at 15476. As you can see, this pitchfork is very well respected, sometimes pretty much exactly to the dollar. The power of a pitchfork is real on Bitcoin. I use Fibonacci 1, 0.618, 0.382, and 0 values for it.
Right now, the price of Bitcoin is still bullish because the pitchfork is clearly holding, we can see a bullish flag / parallel channel on the recent price action, and what's more, we have an ABC correction that has been completed successfully. It's a good bullish setup for longs, but we all know that if the price falls below the pitchfork and below the ABC wave, it's going to trigger a massive crash to 15k! Bitcoin is overall pretty weak compared to gold, which has already almost hit an all-time high while Bitcoin is struggling.
In all of my analyses, I always give you a very strong technical analysis that no one else does. I keep my description pretty short, so you don't spend too much time reading while all the necessary information is included.
It's really best for bullish flags to be together with an ABC correction of ZigZag types. This will increase the probability of success.
Maybe I am wrong and Bitcoin is not going to pump, but it's totally okay as long as your risk-to-reward ratio is above 3. You can be right only 40% of the time to be a successful trader. Most people think you need to be right 80% of the time, which you can, but your risk-to-reward ratio will be only 1, which gives you a very small profit for each trade. I prefer a higher risk-to-reward ratio with a lower success rate.
I do analyses for the bulls and for the bears, and now it's your work to do your own analysis and open trades. I give you good reasons for the bullish and bearish scenarios. It can sometimes look like all I post is that I am sure about it, but it's just a part of my personality.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
TSLA: Bull Trend Pullback - Watch Out for These Key Points!• Yesterday, TSLA did a Gravestone Doji candlestick pattern, just under the $191 resistance line, indicating a pullback;
• As I mentioned yesterday, any pullback to the $177 area wouldn’t be the end of the world, as the trend is still bullish (the link to my previous analysis is below this post, as usual);
• So far, it seems this is just a pullback, as there’s no bearish reversal structure on TSLA yet;
• If TSLA loses the $177, then it might frustrate the bullish sentiment;
• On the weekly chart, TSLA is still inside a Descending Channel, and it seems it found a resistance at the upper trend line again;
• Therefore, TSLA just reached a key resistance level this week. If it breaks this resistance in the next few days, we will see a meaningful bullish reversal pattern being triggered on the weekly chart, reversing the long-term bearish sentiment seen since 2021.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
XAUUSD ---> one small long positionhello guys...
in my opinion, the main movement in #gold is bullish yet, but you can enjoy a small profit by getting a short position.
in the short term, it is on descending channel and now touching the top of that, besides this, it makes a QML pattern as well.
so you can get a short position but put your target small.
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USOILSPOT | New perspective for the week | Follow-up detailBy the end of the previous week, the Oil prices appear to have stabilized in a trading range between 74.00 and 67.00 per barrel. Sluggish data coming in from the Chinese economic docket (the world's number one importer of crude oil) is not helping matters at all; with a 1.4% decline in imports and an 8.5% drop in export growth. The economy seems to be struggling and there are insinuations that demand for oil might also slip in the world’s largest importer of the commodity thereby prompting traders to slow down. In this video, we used the current technical setup identified on the 4H timeframe to identify potential trading opportunities ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
TSLA: Approaching its Climax.• TSLA stock continues its rally, heading to the next resistance level, at $177 (purple line);
• So far, there’s no technical top signal, nor bearish reversal structure indicating that TSLA could correct from here;
• On the daily chart, we see that TSLA is doing higher highs/lows, and if it breaks the $177 resistance, it’ll trigger another pivot point, and in this case, it could easily seek the $200 next.
• The $200 area is close to the upper trend line of the Descending Channel seen on the weekly chart;
• Despite the mid-term rally seen on the weekly chart, the long-term trend is still bearish, and TSLA has to break this channel upwards in order to confirm a long-term bullish reversal structure;
• The main support area is around the $164 (red line), as if TSLA loses this key point, it might frustrate the mid-term bull trend;
• So far, everything seems under control. It all depends on how TSLA will react around the $177, its next climax.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
IDX:ERAA Three Drive Pattern and Double BottomENGLISH:
By paying attention to the consistency of the IDX:ERAA market movement, it can be predicted by using a descending parallel channel and three repeating patterns, the ERAA market will bounce to 525-540. If there is a daily market opening above 540 then there is a high probability that IDX:ERAA will break free from the bearish trap and return to bullish.
However, by looking at the current conditions there is still no certainty, the main bearish target is the formation of a double bottom between 410-382
BAHASA:
Dengan memperhatikan konsistensi pergerakan pasar IDX:ERAA dapat diprediksi dengan menggunakan paralel channel menurun dan tiga pola mengulang, Pasar ERAA akan mantul ke 525-540. Jika ada pembukaan pasar harian diatas 540 maka besar kemungkinan IDX:ERAA akan terlepas dari jerat bearish dan kembali bulish.
Namun dengan melihat kondisi saat ini masih belum ada kepastian, maka target bearish utama adalah terbentuknya double bottom antara 410-382
BTCUSDT 1D Shoulder Head is almost doneBitcoin are performing Shoulder Head Shoulder and almost completed. The target will be on Red box and maximum pain will be to yellow box.
The other technical analysis are descending parallel channel and three drive pattern. They are point the same target about the dump, which is 26K and next target will be 23K-22K
NVDA: Reached a Critical Turning Point | Weekly Analysis.• NVDA is extremely bullish, and in spite of the top signals it gave us last week, it didn’t trigger any single one of them, frustrating any bearish thesis on it;
• The 21 ema, the first support level, has been acting as a good support level this year;
• The $262 is a key support level, and only if NVDA loses it we might see a further correction, maybe to the $244;
• There’s one problem with this bull trend, though, which is the previous resistance at $289 (green line). NVDA has yet to break this key point, which is a quite important one, especially if we see it in the weekly chart.
• The $289 is a previous top level from March 2022, and this is why if NVDA triggers any top signal around this area we could see a sharp correction;
• Keep in mind, the trend is very bullish, as this year, NVDA did an upwards breakout from a Descending Channel and it triggered an IH&S chart pattern;
• However, any top signal could trigger a correction to the 21 ema in the weekly chart again, and this wouldn’t ruin the bullish momentum in this time-frame;
• So far, there’s no top signal or bearish structure indicating a pullback, and NVDA has everything to retest its ATH again, but we must keep our eyes open in this area.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
Descending Channel on NZD/CAD @ W1A descending channel has formed on the weekly chart of the NZD/CAD FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the preceding candle if the breakout one is trading mostly outside the channel) - it isn't shown on this chart.
EURNZD - New Bearish Move 📉Hello Traders👋🏻
The EURNZD Price Reached a Supply Zone (1.80695-1.82076) ✔
The Price Failed To Create New Higher High 📈
Currently, EURNZD is in Ascending Channel ✔
The Support Line is Broken 🔥
If Price Stays Under The Key Zone EURNZD Can Continue The Bearish Move 📉
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TARGET: 1.77490🎯
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USDJPY in a Downward ChannelUSDJPY has been trading in an upward channel for the past month, which suggests a bullish trend in the pair. However, over the past week, the price has consolidated into a downward channel, indicating a possible reversal or correction in the trend.
It is important to note that a downward channel is a continuation pattern, which means that it is likely to continue in the direction of the previous trend. In this case, as the previous trend was upward, it is possible that the price may break out of the downward channel in the upward direction.
Traders should keep a close eye on the price action to identify the breakout direction and time. A break above the upper channel line would confirm the bullish continuation pattern, and traders could look for long opportunities. On the other hand, a break below the lower channel line would signal a bearish reversal, and traders could look for short opportunities.
It is important to exercise caution and wait for confirmation before taking any positions, as false breakouts can occur. Additionally, traders should use appropriate risk management strategies to limit their exposure to potential losses.
In summary, while USDJPY has been in an upward channel for the past month, it has consolidated into a downward channel over the past week. The continuation pattern suggests a potential upward breakout, but traders should wait for confirmation and use appropriate risk management strategies.
CADCHF - Broken Descending Channel 🔥Hey Traders 💖
On The Daily Time Frame The CADCHF Price Reached a Strong Support Level !
The Price Formed a Descending Channel 📉
Currently, The Resistance Line of the channel is Broken 🔥
so, I Expect a Bullish Move
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TARGET: 0.67700🎯
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