ZC / Corn futures ZC / CORN FUTURES
About FUNDAMENTAL ANALYSIS.
---We are now in the corn-demand zone and there are many factors supporting the buying.
1-The Ukrainian war.
2- - dehydration.
3-The rise in the price of oil will lead to a rise in the price of transportation.
About TECHNICAL ANALYSIS
--- we look at (" Sell VOLUME ") and ("Sell pressure") is in decreasing , Volume drives all markets.
About Psycho-
--- The short sellers start to take their money from CORN market because of a psycho- demand zone.
Futurestrading
ETH/USD SHORTHi again, everyone!
After our previous LONG post we are now looking for SHORTs.
Ethereum broke out above previous highs, however this looks more like a manipulation by whales to liquidate early shorters.
An entry at 1730 with tight stops at $1745 ( 2% risk) and targeting first 7:1 RR at $1610 with a potential for 15:1 RR at $1510. With such high risk trade, tight stop loss is a must.
Overall we have made a BOS on a 3 min TF and candle shave exhausted by the end of London session. Potentially stronger PA will come at Asian session after 8PM EST.
We are first targeting today's daily supply and then supply from July 26.
Good trading everyone and thanks for your time. More to come soon!
Cheers,
DB
Brent Oil in trading range, low volumeMOEX:BR1! Brent Oil Futures has been in a trading range since March of 2022 on the daily chart forming a rectangle pattern. The support is found at $96.00 and the resistance at $124.00.
A close above $127.00 will confirm the pattern's breakout, with a target price of $152.00.
A close below $90.20 will confirm the pattern's breakout, with a price target of $73.30. Note that not every price target is met.
$BR1! has been trading below the 100 EMA since the first week of July of 2022.
It is essential to observe the low trading volume since the month of March. A low volume after an uptrend could indicate that the trend is ending, and a reversal might start.
UNFI/USDT Bearish scenario Binance Futures
UNFI/USDT has confirmed a bearish ABC scenario
wave B retraced around 61.8% of the wave A leg
trade guide
sell @ 62.23, the break of the lower channel of wave B
Stop loss @ 6.527
take profit @ 5.20 (-27.00) fib level
SEE THIS BEFORE TAKING ANY LONG POSITION! ALTPERP UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ALTPERP update.
Here is the 3hr chart of Altperp. Altperp is a index which we can use while we trade in futures Altcoins.
As you see in the chart, Altperp is retesting the symmetrical triangle after the breakdown. After this successfully retest we can expect a drop in this index so we can see drop in Altcoins too.
So imo it's a bit risky to taking a long position here.
Invalidation level:- If it break above the triangle then this chart become invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
MATIC inside rising wedge#MATIC/USDT
$MATIC rejected from upper line of rising wedge pattern and heading down toward lower line that will be around $0.51.
🐻 break down from lower line of this wedge will drop price more to support zone around $0.35.
🐮 but holding the lower line that is the same with descending trend line and break out from upper line will increase price to higher trend line and resistance zone around $0.85.
MATIC broke out rising wedge#MATIC/USDT
#update
$MATIC hold the lower line of wedge as support and pumped to broke out from upper line of wedge, and now faced a resistance zone.
🐮 possibly price will have a pullback to support zone around $0.6 and then will continue its rally to resistance zone between $0.8 and $0.9
🐻 break down from support zone will invalid bullish scenario and price can drop to descending trend line.
BNB rising wedge to $250#BNB/USDT
$BNB is inside rising wedge and rejected from lower line of wedge. now price is inside resistance zone.
🐮 break out from this resistance zone will increase price to upper line of wedge that is the same with resistance zone around $250.
🐻 rejection from current resistance or next resistance and break down from lower line of wedge will drop price to $200 and lower.
BTC above broken trend line#BTC/USDT
$BTC trend lines
Price broke out resistance zone and pumped above ascending trend line based on my last analysis.
🐮 now price is in pullback to broken trend line and if hold it as support, then can continue its rally to fib levels that are the same with higher ascending trend line around $23k and more.
🐻 break down from current trend line will drop price to support zone around $20500 and lower to touch lower trend line.
SAND/USDT Perpetual ContractDear Sir or Madam,
I was just made a simple draft about to short ing SAND/USDT
I saw SAND just made a spike today and I decide to doing short
I reckon you guys to entry at my sign "in entry"
And take profit at my sign "Potential Target 1 and 2".
I am here just wanna share my analysis.
How about yours? share to me
Enjoy your profit! Good luck!
Regards,