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Falling

EURGBP on a falling wedge? 🦐EURGBP after the bounce over the weekly support created an impulse and a slow retracement inside 2 converging trendlines. The price is now close to the upper one below a daily resistance and according to Pkancton's strategy if the market will break above we will set a nice long 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.
Long
by InkyGrip
2
REEF/USDT Critical moment for REEF. Will the support hold?REEF is currently at a critical position around 0.021$. We are still following the downwards trend alongside the violet line. REEF now moves into the apex created from the violet and green lines. The downfall seems to steep to be consistent so we expect a breakout together with a volume increase. Let's see what happens. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
R
by tumbler55
XAUUSD CONTINUE FALLINGGold is unchanged so far. Yesterday XAUUSD dropped below a strong resistance level. Reached Target - support level 1870. As we can see some strong reversal pattern is forming here too and we may expect dump soon some targets and support ahead is mentioned on chart. Possible breakout of the strong support line and test of 1800-1770$ Experts see the middle high is higher than left one and right and this is creation of Head and Shoulders too. We can consider neckline around price 1890 and if that support break then pattern is completed and that would be first sign of weakness. The analysts predict strong fall, before going in a long direction for targets zone 1950=2000$.
TVC:GOLDShort
by legacyFXofficial
BTC! Get Rid of it I think I need to review the house rules. One of the 3 ideas I posted is not approved. And why can't I post a video idea? I am open to your help in this matter. I want to use Trading in English, but I wanted to share in both English and Turkish. but I guess that is not possible. I can never say no to any solution proposal. I am a finance graduate student sharing graphics from different social media channels. The trend-based fibonacci time zone indicator in my drawing on the bitcoin (coinbase) chart usually points to critical periods. As you can see, we will be experiencing one of the vertical blue lines tomorrow too. It seems obvious that the first three worked. I don't see a reason why it shouldn't work this time. The candle, which will symbolize the 22 May trading day, is likely to visit the level of 28,863. At least that's my opinion. I foresee that the return pattern will start on the following day. However, I should say that the bullish scenario can start on May 23, if it is realized above the level of 36.735 as of the daily closing. Although I call it a bullish scenario, I do not think the price will exceed the 43-45 thousand range. I hope it will pass, but my charts say that BTC will see the levels of $ 28,863 first and then $ 19,891. Actually, without being emotional, the main confirmation point of the chart is at the level of $ 19,291 that I mentioned. I believe this will happen because both the price has dropped below the 200-day moving average and all cryptocurrencies have exhibited these movements, why shouldn't BTC do it? so maybe the bitcoin dominance will disappear and the market will take on a more unique structure. We need to get rid of BTC! This ecologically and technologically obsolete product that threatens the health of the entire market should not be allowed to affect projects with strong fundamental analysis. Alternative coins, which resisted on the day of the fall caused by Vitalik's sales, gave positive signals about the collapse of dominance. However, the next day, as the etherium fell sharply, they also dropped to funny prices.
COINBASE:BTCUSD
by ser-in
4