Gold might soon shine againGold had a downturn at 19,19% and stayed in correction sentiment, but were close to bear sentiment (20%+ fall in price from the top) .
Around price 1676$ it saw massive technical support. The technical support where in these 3 types:
- Trendline from previous lows.
- Fibonacci 0,618 based on lows from March 2020.
- Bollingerbands 1000,3 based on 4-hour chart.
After touching these 3 types og technical support, it had a small bounce back to around price 1750$. After that i felt, but this time i made a higher low with around 5$, even considering that the dollar-index rose around 1% during that same period. This priceaction made the pattern of a double-bottom as well.
I think this is a long-term view bottom, based on the technical analasis, but also on the fact that the Dow:Gold ratio at the time is 19,16 (33153$/1730$) and everything over 15 is considered as a buy oppotunity in gold.
How much it think will rise, is hard to say, but my first target would the previous high (2074$) and the second target would be around the 1,618 fibonacci expansion (2320$).
My stoploss would at the price 1670$ as a speculator, but as a long term investor in physically gold, it would be at the price of 1000$.
Disclaimer: This should not be seen as investment advise, i don't take responsibility of any other persons actions, the thing i post i just my personal ideas and should not be seen as anything else, i am not a professional investor, and do not offer investment advises.
Higherlow
ZECUSD 2.81R50% Fibonacci Retracement of Pin Bar Candle. Entry at 167.26. Stop Loss at Pin Bar Tail. Target at previous Swing High. Reward to Risk is 2.81.
$BTC Bulls Hanging On... Cautiously Optimistic I actually don't hate this latest dip for a few reasons.
1. Bulls can create a higher low on the daily chart in attempts to regain control.
2. Allowed RSI to cool off on some of the lower time frames, and in a solid range on daily and weekly charts.
3. Bulls are still in full control of the weekly chart.
It doesn't feel like there is enough bullish volume to break ATH's, which is what the bulls will eventually have to do to create HH's and HL's. So I think we trade sideways as we did in the higher 50's for a bit to allow the bulls to consoldiate. We've seen some MAJOR moves to cold storage so far in 2021. Stay positive my friends.
J.Crypto
DigiByte on the move...With 5 consistent higher lowes, DigiByte has developed a new trend line. The new trend line far outpaces the old one and may set DGB into a parabolic motion. With capital flowing out of BTC and into altcoins, DGB may be a top choice. There is no known resistance in between where DGB currently is $0.066 and the last high which was $0.088, and beyond that, we had ATH somewhere just under $0.14. Massive improvements and social momentum have transformed DGB since then, so on a fundamental playing field there is no reason as to why the last ATH would have any effect whatsoever on the rising value of DGB. DGB is known as "The Sleeping Giant" in the crypto world, and often puzzles people as to why the value has yet to be discovered.
ENJUSDT. One last push for the engine.Hello traders. ENJ/USDT has made another higher low and after forming a nice bullish candle triangle seems primed for one last push before correcting again. I have supplied my buy and sell zones. Good luck!
LUNAUSDT Another moon landing?Hello traders. LUNA/USDT has made another higher low and after forming a nice bullish candle triangle seems primed for one last push before correcting again. I have supplied my buy and sell zones. Good luck!
Bicoin rising wedge, 69K insightRising wedge with higher lows and higher highs.
1.9T$ stimulus passed, inflation growing, rates raised.
69K insight this month.
LONG POSITION AUD/USDClear bullish sentiment on higher timeframes (Weekly & Daily). Price attempted to pierce through support however very strong wick rejection. Expecting price to continue to rally up to 0.779 zone and push back down to form new LL. 1:5 RR
LONG POSITION EUR/USDHigher timeframe signalling uptrend pattern. HH and HL formed, however price failed to break previous HH and formed LH instead signifying a change in direction of market. Expecting price to hit around 1.204 and to form another LH and then continue to push downwards after. 1:5 RR
$ORN: More consolidation ahead? Orion protocol has been on a tear since we started talking about it a few weeks ago. It's been nailing our targets.
This post is to point out that I noticed a nice fractal that looks like it could play out if we consolidate downwards for the next few days while coiling for an explosive move up! I think the public mainnet launch will be a massive catalyst for some big moves for $ORN
EUR/USD LONGSignificant push to the uptrend with higher lows and higher highs forming. Expecting this third Higher Low to push price to resistance 1 and possibly break Resistance 2 turning it to support to form new higher high. Similar pattern on lower timeframes, H1, and M15 too.
$HEPA LongHigher low printed at the end of a long downtrend, tested diagonal resistance 3x already. Decent volume. 15% of the company purchased recently as well as insider buys. will be looking for breakout this week. Ideally not a short term trade, hope to be able to hold these shares for a while
$li - consolidating, sitting at supportexcepting a bounce here where there are buyers and breakout past the triangle trendline
also see hidden bullish divergence, declining volume, higher lows for other bullish indicators
Daily Ichimoku Support In-Play For BitcoinThe standard ichimoku cloud's kijun line (referred to as Base line in the indicator settings) is the mid-point of the high and low price over the last 26 periods.
I use Carpenoctom's modified ichimoku cloud inputs for cryptocurrencies since it is a 24/7 traded asset. The kijun shown here uses 60 periods instead of 26.
Carpenoctom has created a video series highlighting the ichimoku cloud settings in crypto, and I plan to create an update to this series over the weekend.
Helium bulls trying to confirm a daily trend change on BTC pairHelium bulls are watching this daily chart, aiming to confirm a daily trend change on the BTC pairing.
EUR/NZD down trend now LH and is going to drop to LLHi traders,
as we look at EUR/NZD, It is in an down trend and is still going down.
After the EU market opened EUR/NZD broke a bit above the trend line this is normal and prob go down, because it is in an down trend right now.
If you take the trade good you will have a 1/5 rr ratio. Still be careful I'm not responsible for your trades.
Semfttrading
NZDJPY 4H upside continuationAUD and NZD,the frontrunners of UJ seasonality have clearly signalled the commence of this season's opening bell. A bit later than usual due to economic turmoil COVID has brought upon us from March last year onwards.
Classic pullback leaving a beautiful higher low on the up trend begging everyone to hop on and go higher.
Correlates with other UJ seasonality oppos.
Apple - Fibonacci and Higher Lows at Retracement LevelsApple had a solid run over the summer, well really from April to July.
The past few weeks APPL has been trending down but when we zoom out to the weekly time frame we can identify that APPL is still in an uptrend.
It continues to make Higher Lows.
It is above the Exponential Moving Average.
We can also take a look at the Fibonacci Retracement which I find really interesting.
After the stock split, it retraced to the 78.6% level where it found support and made a Lower High in October before dropping to the 61.8 level and finding support.
It bounced and found resistance at the 38.2% level and dropped finding support at the 50% level today.
This seems to be a very bullish pattern and I think we will reach an ATH within the next few months.
The swing trade looks very doable.
Please let me know your thoughts.
Disclaimer: I am not a financial advisor. This is not financial advice. This is not trading advice. This is purely for educational purposes only.
WKHS Possible ReversalAppears to be in an island reversal. Watching for a breakaway gap from the box. Additionally, it appears the top of the box is a key level of previous support and resistance ($22.90 ish), with swing lows getting higher. My entry will be a gap up from this level with significant volume or after the break of resistance with a pullback to the $22.90 level confirming support.
Beware: WKHS is burning through cash and needs to raise again. Any bullish run will be a quick trade for me. A pump leading to an offering sounds realistic.
$MDLZIts possible $MDLZ will fall before going up. Possible double top forming and "IF" price does fall its possible price can drop forming a higher low possibly overall forming an ascending triangle
