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Keylevel

OIL KEY LEVELS|STRUCTURE ANALYSIS OIL has recovered from the dramatic events of the previous months with -40 dollar per oil contract. Now, following the dollar demise, oil, that has a negative correlation with the dollar index has been on the rise. The last month or so have been spent in a range below the strong resistance level in the red, that seems to mirror the current support level in the DXY. If the dollar breaks or holds will pretty much define the fate of oil, and the direction of its trading for the time to come. Also, the rate of the global economy recovery will have its effects on the oil price too. Anyway, whichever way the oil goes, the chart above will help you in your trading, as you now see the key levels both up and down. Trading the breakout up is easier, as the resistance is clearly defined, while there is no precise support level for oil from below, which implies that we will have to look at the price action to get a decent short opportunity. Thank you for reading, I hope this guide was helpful. Like and subscribe and have a nice day!
TVC:USOILLong
by ProSignalsFx
1
BTC/USD: Short-term ForecastWhat's up traders! If you take a look at my set up you see I have a daily resistance line plotted. There's two things that can happen here, and i'm leaning towards the second option. #1 price could break through the parabolic sar and keep rising. #2 price could go an touch my 30 min support and fall to the price of 11525.00 which is where I have a key area plotted for weekly resistance. The daily candlestick is about to close within the next 2 hours which means A LOT of pips will be moved. What are your thoughts?? Leave them below!
BITSTAMP:BTCUSD
by lobfxempire
FTM/USDT | Pivotal level | Bearish Divergence | 200 EMA Todays analysis – FTM/USDT – consolidating at a pivotal level as trend support and structural resistance converge. Points to consider: - Key level (apex) - Swing high failure - Immediate target (structural support) - 200 EMA Support Confluence - Low volume - RSI bearish divergence Price is coiling into its apex as trend support and structural resistance converge, break in either direction is probable. Price failing to break structural resistance; a local swing high failure will for a bearish bias in the market with the immediate downside target bring structural support The 200 EMA also coincides with structural support, putting emphasis on the key level. Volume is also declining and remaining below average; indication of an influx being imminent, likely to coincide with bearish price action. The RSI has a valid bearish divergence, another sign of weakness in the immediate market. Overall, in my opinion, a long trade is validated with a successful S/R flip retest of the 200 EMA with technical target of structural resistance. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by Kudiiee
STX/USDT | Key Level | Support Cluster | Trade Setup Todays Analysis – STX/USDT – Retracing to establish an S/R flip re-test of daily support. Points to consider: - Healthy Up-trend - Support Confluence (key level) - Declining Volume - Oscillators Below 50 STXUSDT needs to hold the re-test of the daily support zone to form a higher low on the chart and continue its bullish uptrend. The Support cluster also coincides with the 200 EMA and .618 Fibonacci retracement, putting emphasis on the key level. Volume is declining and below average, usually an indication of an influx being imminent; likely to coincide with the retest of support. Both the RSI and stochastics are testing the 50 level, further price development will determine a directional bias. Oscillators need to range above 50 to maintain strength and momentum in the market. Overall, in my opinion, a successful re-test of support validates a long trade to technical targets above with risk defined below local swing low. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee