AUD USDWe updating last chart of AUD USD, and adding one more position.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
Fibonacci Retracement
AUD CADWe updating last chart of AUD CAD, and adding one more position.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
OMG likely to see a rebound 🚀 Long trade to previous top for V"According to Santiment, some of the best altcoin candidates who are inside the mid-term opportunity zone include Lido DAO (LDO), Synthetix (SNX), Storj (STORJ), and OMG Network (OMG)."
Entry current price
Stop loss @ 0.896
Take profit 1 @ 1.142
Take profit 2 @ 1.284
✅ Perfect bounce off the 0.702 Optimal Entry Zone Fibonacci level
✅ Consecutive long-legged demand candles on 12h
✅ Stoch RSI nicely reset from the bottom and rising
✅ KDJ scoop crossing the descending trendline
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, on a four-hour time frame. As we can see, the price is moving in a downward trend channel, while a sideways trend channel is visible locally, which previously ended with another price drop.
As we can see, the upper part of the sideways trend channel is the beginning of the resistance zone from $539 to $553, only after breaking above this zone will the way for further increases towards the resistance at $589 and then further towards $614 open up.
Looking the other way, we see strong support at the $500 level, which is located at the lower border of the sideways trend channel, inside the descending channel. And the next strong support is the $462 level.
BTC ShortOn BTC, you can see the formation of the ABC formation, which would indicate a continuation of the correction to deeper levels.
We can see green candles appearing on the volume, but they are weaker than the red downward ones.
The RSI shows a continuation of the downward movement with room for a greater price recovery.
Potential continuation of the short on ETHOn ETH, similarly to Bitcoin, a deeper descent is also appropriate, the lower green zone is a potential rebound and the end of the correction. There is also a 30% descent from the local peak.
Currently, ETH has dropped by over 20%. However, the third zone would give a decrease of approximately 40%.
There is still room for another decline on the RSI, while on the STOCH indicator there is a visible upward movement that has encountered resistance lines, which may reverse the movement again.
Leave a comment if you like the analysis, I wish you fruitful shopping ;)
Bearish Short-term but Bullish in Mid-term for investors🔎 Fundamental analysis (📈 Bullish)
The Ethereum team completed the Cancun-Deneb ("Dencun") upgrade after switching to proof-of-stake (PoS) 18 months ago. Shortly, this upgrade changed how data is stored on Ethereum, making it significantly more accessible and also cheaper to record layer 2 transactions.
👨🏻💻 Technical analysis (📈 Bullish)
On a daily timeframe, Ethereum is in an uptrend. There are gaps in the Guppy (GMMA) indicator between short-term EMA’s and long-term ones, with a bounce back on March 5th.
There’s no trend-reversal indicator appeared yet.
Let’s examine the Fib retracement indicator to determine additional purchase levels. During a correction, the 0.236 (3483$) and 0.382 (3111$) levels are two levels to consider. Consider shorting if the price breaks to 0.236 (3483$) with TP above 0.382 (3111$). Then, bouncing back to 0.236 (3483$) is expected with the following breakthrough.
3000$ level is considered a major support level and a psychological level.
💭 Sentiment analysis (📈 Bullish)
At this moment, the Fear and Greed Indicator is equal to 77/100 (Extreme Greed), and the Market Cap of the entire Crypto Market today (18th March) is $2.682 trillion. The Greed/Fear Index has decreased by 4 pips compared with the previous week which means the buyers are still greedy enough to maintain the current uptrend.
👥 Please share your thoughts or criticism about this idea in the comments below. Your opinion matters, and it'll be helpful for the community to understand a broader picture and shape a more objective vision of the asset's price
----
Disclaimer:
The information provided is for educational purposes only and should not be considered financial advice. Trading carries risk, and past performance is not indicative of future results. Conduct your research before making any investment decisions
🔑THETA: Shorting Chance in Midweek Dip🩸🔍Today, being Thursday, presents a favorable opportunity for opening positions as we analyze THETA to anticipate its trend and future movement.On the 4-hour timeframe, after a prolonged uptrend, THETA has reached resistance at $3.574 and is currently undergoing a correction. Closer examination reveals price consolidation in the second leg of the decline, with a bounce off support at $2.498, indicated by a green candle. It remains to be seen whether this level will hold or further decline will ensue.
📉If $2.498 support is breached, a short position could be initiated, with Fibonacci retracement levels serving as potential targets, as explained below.
💎Regarding indicators, the SMA25 is slightly lagging behind the price, suggesting potential price waiting for it to catch up, while the RSI exhibits divergence with two lows, necessitating patience for confirmation before considering a short position. Confirmation for short positions can be sought if the $37.47 level is breached.
✅The Fibonacci retracement drawn from the daily timeframe represents the higher wave cycle, indicating the current correction of the HWC. Therefore, sudden sharp upward movements in price are always possible.
📊Volume has diminished after reaching the $3.576 resistance, currently exhibiting range-bound behavior without providing clear directional cues.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
GOLD → Waiting for the news. What are the odds of a fall ↓ ?FX:XAUUSD is trading under resistance pressure. The market is still forming a downward correction channel after a strong rally. Ahead of important news that will determine the medium-term outlook.
The price is testing the correction resistance, but at the same time sellers are still holding the market back. Buyers do not let the price go beyond 2145-2150, thus a bearish pattern like a descending triangle is formed on the chart. The market still has a chance to break the support and this set-up has a high probability.
The news is coming and everyone is waiting for what Powell has to say about the rate and inflation. His words may determine the medium-term outlook for the market.
Resistance levels: 2160, 2163
Support levels: 2152, 2144, 2125
I am still inclined to believe that we have a fall ahead of us (globally - false breakdown of 2145-2150). Before that, on the background of news, the price may retest the resistance. The main prospective target is the price decline on the background of strengthening of the dollar index.
Regards R. Linda!
Bitcoin - All time high TRAP - 33% CRASH soon!Bitcoin almost reached an all-time high, but not yet. Wait for it; it will go above the previous ATH from 2021 pretty soon! And what happens after that? A lot of people will start buying the new all-time high, the news will be full of articles, and retail trades will buy the peak. Whales need liquidity, especially on BTC, so they will trigger a massive crash after that. I am expecting a 33% crash back to 50,000 - 47,000. But first, Bitcoin should hit 72,000 - 73,000.
From the Elliott Wave perspective, we have almost completed wave (3) of the entire bull market, and we are going to experience wave (4) soon. Then I am expecting wave (5) to finish the bull market; sometimes wave (5) can be super-extended and stronger than wave (3).
What's more, we have a huge unfilled fair value GAP below the current price, as you can see on my chart. These gaps tend to be filled sooner rather than later.
My suggestion for you is to wait for much lower prices. Buy Bitcoin at around 48,000 - 50,000. Do not FOMO in!
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GOLD → Correction + bearish set-up. What to expect from XAU?FX:XAUUSD is being held very tightly within the downward correction channel. The fundamental background on the market is weak, at this time the dollar is growing, which in general negatively affects the price of metal.
Set-up on H4 shows us a strong resistance on the market. In general, this is due to the negative fundamental factor because of the economic news, which generally supports the dollar index. There is a pattern forming on the chart that could break the support formed in December 2023 (2145-2150) In this case a false breakout could occur. Statistically, the strongest moves occur after a false breakout. A breakout and consolidation below 2145-2150 may initiate a strong decline to the liquidity areas indicated on the chart.
Resistance levels: 2156, SMA
Support levels: 2144, 2125, 2100, 2075
I expect a retest of 2145-2150 with a bounce. If the price quickly returns to this support, the chances of a breakout will then increase. Fundamentally and technically, the gold market is showing weakness, so we should expect a negative scenario at the moment
TVC:GOLD COMEX:GC1! MCX:GOLD1! TVC:DXY
Regards R. Linda!
AUDUSD → The Bears continue to dominate. Waiting for the fall FX:AUDUSD continues to form a downtrend in the medium term. There is no way the Australian dollar can change the trend against the backdrop of a consistently strong US dollar.
Global and local trends coincide and have a downward trend. The dollar index continues to trade on the wave of positive economic news. Most likely in the future the currency pair will continue its decline. On H4 we are interested in the level of 0.6535. Consolidation of the price below this zone will form the potential for further decline. Medium-term targets in this case will be 0.6443 and 0.6352.
Resistance levels: 0.6535
Support levels: 0.6443
The bearish trend formation is likely to continue. The dollar is strong and is not going to give up its positions, which generally has a negative impact on the currency pair.
Regards R. Linda!
EURUSD → Weak fundamental background and trend change FX:EURUSD is testing the local channel support. The probability of a breakout attempt is quite high, as the currency pair is trading on a negative fundamental background.
The dollar is strengthening after a wave of positive news, at the same time EURUSD is hitting a strong resistance at 1.0949 on D1. A bearish candlestick is being formed with the session closing at the low point. Based on the candlestick pattern on Thursday, we can assume that the negative fundamental background is favorable for further decline, and the market is not finished moving yet. Consolidation below 1.08975 and breakout of 1.0880 will form a potential for further fall.
The zones of 1.07958 and 1.0724 could become a target
Support levels: 1.0880
Resistance levels: 1.08975
I expect a retest of resistance followed by a breakout of support. The market is trying to change the local trend and with a high probability it can do it
Regards R. Linda!
BITCOIN → Trap. Retest. Breakout. Correction. Halving.BINANCE:BTCUSD breaks through the 69K mark, grows by 8% and hits a strong resistance zone. There is a high probability of forming a false breakdown before further correction, as there are reasons to weaken the price a bit before further growth.
The flagship of the cryptocurrency market updates the high at 73794. Technically, 69K is starting to sell off strongly and the bars on H1-H4 make many nervous, but the market maker comes into play at the moment when the market becomes unbalanced towards selling. On H1-H4 you can see the decline start to redeem itself and price compresses to 69K and then forms a breakout. At this point, all sellers are trapped and liquidated. The price reaches a new ATH and hits the limit-resistance set up in the market to hold the price, as the bull run cannot continue all the time, the market needs a rest, the whales need to open positions at more favorable prices than 74K, and halving the decline is another reason for the asset to drop in value.
It is worth paying attention to the support zones mentioned. The 68500-69K level will hold the price for a long time as it is a very strong zone, but based on the set-up and pattern, there is a high probability to see a breakout and decline. The 60K zone is ideal for a test as it is a strong intermediate bottom, but we should also pay attention to the 63750 intermediate target.
Below 60K the market will not let the price go, as a breakout of this area will start a strong liquidation and decline, and it will be very difficult to hold it. In the zone of 60K there is a huge pool of liquidity, which can be interesting for the market and accumulation of potential before further growth.
In general, now the market will move in the range, inside the range the correction will develop. Trading will take place between the levels. Expected range: 69-70K (from above) and 60K from below.
Resistance levels: 69K, 71K, 72400, 73700.
Support levels: 65600, fibo 0.382
Based on the current market structure and price behavior, we have a high probability of catching a correction in the market. Everyone needs to rest and whales need to buy at more reasonable prices.
CME:BTC1! BINANCE:BTCUSDT COINBASE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2
Regards, R. Linda!
BTC/USDT 4H Interval Chart ReviewHello everyone, let's look at the 4H BTC to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $65,158 - $65,877
T2 = $66,861
AND
T3 = $68975
Now let's move on to the stop-loss in case of further market declines:
SL1 = $62,880 - $61,808
SL2 = $59031
The volume shows a predominance of green candles, but they are weaker than the previous downward ones. We remain in a downward trend on the RSI, adding the STOCH indicator which is quite low, we can see an attempt to increase the price before another recovery.
GBPJPY SELLas gbpjpy had a rally upwards and also going for retracement over rally till now we have support level on 50% fibo level so we will waiting for GJ to retrace back to this level and would then put our long so till that level we have an opportunity to put our shorts here
GOLD → The correction continues. Test of strong support FX:XAUUSD continues to form correction. Price has been breaking through support since the open and is testing the key liquidity area formed on Dec. 4 $2,145 - $2,150
Overall, the price is not ready to go above the made high. Yes, there was an earlier breakout of the resistance level from December 2023, but there seems to be pressure from the resistance side of the market, this could be due to a strong seller or still no buyer. The candlestick setup indicates that the market is getting ready to go back beyond 2145-2150 and head towards lower zones like 2125, 2100, 2075.
On H1, a bounce is forming within the descending channel, the price may test the moving average zone or even the resistance zone of the channel before resuming the decline.
Resistance levels: 2156, 2162, 2172
Support levels: 2144, 2125
I expect a retest of resistance or moving averages after which the correction will resume. But the breakthrough of 2145-2150 may turn into a change of the local trend
TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
BTC/USDT 30MInterval Chart Hello everyone, let's take a look at the 30M BTC to USDT chart as we can see that the price has attempted to break out of the downtrend line with the upper hand.
Let's start by setting goals for the near future that we can include:
TP1 = $68246
TP2 = $69,303
AND
TP3 = $70968
Now let's move on to the stop-loss in case of further market declines:
SL1 = $66,644
SL2 = $65,198 to $64,178
AND
SL3 = $62,860
Looking at the RSI indicator, you can see that it is bouncing off the local downward trend line, which may continue to decline, while the STOCH indicator gives small increases, ending with a decline.
Forex Bee | Possible short On USDJPYAttention Traders! 🚨 We're keeping a close watch on USDJPY for a potential selling opportunity within the 150.30-150.60 zone.
🎯 USDJPY in a correction phase, approaching the retrace area near 150.30-150.60
#TradingAlert #usdjpy #technicalanalysis
SJS Fib trade set up1. Trend: Bullish to sideays
2. Set up: Reversal
3. RR: 1:5 to all the way to 10R
4. Stop loss: 2 SL can be followed, aggressive with 4.3%
or easy room to avoid volatility.
GOLD → Setting and background foreshadowing the decline FX:XAUUSD is updating the global maximum. The distribution stops. The market goes into correction state. But, what is also interesting, a setup is forming on the chart, foreshadowing a support breakout.
Let's briefly discuss the current situation in gold, without a long rant. The upcoming week is full of news. FED & FOMC meetings and Powell's speech are the ones to pay attention to, as inflation, interest rate and other nuances that determine the medium-term outlook may be discussed.
Technically, gold is entering a correction phase. If we take a closer look at H1, we can see a descending triangle pattern. The character of the pattern is "support breakout, reversal and decline". This pattern can be interpreted as the presence of a strong seller or the absence of a buyer.
Resistance levels: 2160, 2166, 2173
Support levels: 2155, 2147, 2100
The market is waiting for a correction, which is evidenced by the fundamental background, technical analysis and candlestick patterns. There is a high probability that the support may be broken with the subsequent correction towards the mentioned liquidity areas
CAPITALCOM:DXY MCX:GOLD1! COMEX:GC1! TVC:GOLD
Regards R. Linda!
ICP technical analysis, buy here for the long term!ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy ICP for the long term!
What is the Internet Computer and ICP?
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization.
Why Does the ICP token have value?
The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards. Thirdly, ICP plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services.
BTC/USDT 1HInterval ChartHello everyone, let's look at the 1H BTC to USDT chart, because we can see how the price has left the local downtrend channel, and it is important that it maintains the current level to continue to grow.
Let's start by setting goals for the near future that we can take into account, first the important resistance zone from $68,550 to $69,629, and then the target around $72,843 should be taken into account.
Now let's move on to the stop-loss in case of further market declines:
SL1 = $66,326
SL2 = $63,841 - $62,525
AND
SL3 = $58,717
Looking at the RSI indicator, we can see a return to the upper part of the range with room for potential growth, but on the STOCH indicator we are moving above the upper limit, which may affect the attempt to recover.
