Levels
$CTVA could be headed higher if it breaks above $52.24* Strong up trend
* Sector: Basic Materials - Agricultural Inputs
* RS vs. Sector: 3.42
* RS vs. SP500: 2.17
* U/D Ratio: 1.7
* Base Depth: 20.18%
* Distance from breakout buy point: 5.56%
* Volume 39.11% above its 15 day avg.
* For the past 4 weeks $CTVA as been ranging between $49.24 and $52.24 while the general market has been falling.
* A U/D ratio of 1.7 shows that $CTVA is being accumulated
* A break above $52.24 could prove to be meaningful
Trade Idea:
* Wait for a break above $52.24 as a sign of confirmation that the stock is ready to move higher.
Decentraland Mana. Where this Metaverse Is Going?Hi Traders,
here is my view for Mana on a Daily Chart.
Weekly Chart is very clean, PA hit Fibo Retracements by the book.
I am looking to find a way to post 2 charts in the same idea but for now I post the Daily.
Price is at a major S/R, halfway between the Nov 2021 High and 23.6% Fibo Retracement Weekly support.
Daily Chart
PA ia at 2.70
I am Bearish if price breaks below 2.6750 and find resistance to backup.
It is probable a retest of the green area and then bounce back , resuming trending up.
Further down move to the 2.00 if it stay below the green area and can't hold the last lower low.
Recap
Solid bounce above 2.750 and I am bullish, target 3.300.
Any move lower 2.700 and I am bearish. l
Look for short at 2.500, first target at 2.20,2.00 then (very bearish) 1.750.
I'd like to see a double bottom in area 2.0/1.80, it will be a strong bullish pattern.
Please, be aware, this is NFA. Do your own research.
i'm noob and stubborn
USDJPY SHORTMy trading style is about 85% technical analysis, and I find the simplest way to trade with just levels and support and resistance.
Taking two positions on this, the first being around 1.23 TP, in which I will move my stop loss to break even for the longer trade and let it play out to its next level target.
Let me hear your comments or any advice on how you would trade this....
Check out my socials below........
Gold BUYGold has been looking real bullish lately and further confirmation on a retest at current @1910.00 Level , we should be expecting real upward movement to either one of the marked levels @ 1926.86 , @1950.00 and @1960.00 as Take Profits before some retracement back to further the impulses on bigger timeframes.
Let me know in the comments what you think...
Bitcoin Big Picture LevelsUPDATE #BTC levels.. A break of 35.9k opens move to 34.5k looks like it could send it much lower toward a target near 26k-30k.
#Bitcoin support levels: 36,300 / 34,500 / 33,000 / 29,000 / 26,300
Bitcoin resistance levels: 38,800 / 39,250 / 40,000-40,200 / 45,800 / 50,000
The facts are: Bitcoin isn’t a good hedge against inflation when Fed is tightening. It’s not really leading into a favorable seasonality trend for end of Feb into March. Google search trends peaked in 2021.
USD strength = BTC sells off (most likely) / The mechanics of a credit unwind are essentially a short squeeze on the deflating (appreciating) fiat currency. What is the main denomination of Bitcoin? = USD
#ES Futures Overview and Levels to WatchWe had some selling in our Sunday/Monday Holiday session which got us down to one of our Key Levels at 4272-4265.50. We looked below, came back in and were able to rally back up and get over upper Key Level at 4327.25-4321.50. So what can we see today? Last night Globex was a double distribution, on the downside we have 4327.25-4321.50 as our current PM support, getting below that will be our first sign of weakness and opens the door for 4310-4307.25, 4291.50-4286.75, Key Support at 4272-4265.50 and our Globex Low at 4252.50-4247.50 which if gets taken out can see more downside. The upside scenario, holding above our Key Support levels, leaves the doors open for a test of PM resistance at 4349.50-4345.25, 4362.75-4359.50 and T+2 Low which is right at our next Key Resistance at 4378.50-4374.75, Key resistance and 4392.25-4389.75 needs to be broken for any more upside. Lets see what this week will bring.
USD/CAD CONTINUES TO TRADE IN THE SHORT-TERM RANGECanada will deliver its MoM new housing price index for January, which currently doesn’t have any forecast available. We know that the index has been somewhat of a decline since May of last year, when the April figure peaked at +1.9%. Last month’s reading was at +0.2%, but the actual number shows up below it, or even in negative territory, CAD might take a slight hit against its major counterparts.
Currently, USD/CAD continues to trade inside a short-term range roughly between the 1.2650 and 1.2797 levels, which has been in play from around the end of January. Given that the rate is very close to the upper bound of that formation, there is a chance that a break may follow. Until that break happens, the traders will remain neutral and continue observing the price action. But for the Russia-Ukraine conflict, the US Dollar's fundamental moorings appear to be less supportive.
On Friday, the USD/CAD traded higher and closed the day in the positive territory near the price of 1.2750. Yesterday it fell a little, dropping to 1.2720. USD/CAD is still trading above the MA (200) H1 moving average line (1.2710). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and while the USD/CAD remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.
On the upside, a push back above the 1.2790 barriers might attract a few more buyers into the game, who might help lead the rate towards slightly higher areas within the previously discussed range. USD/CAD could then travel to the 1.2816 obstacles, a break of which might set the stage for a move to the 1.2848 level.
If eventually, the pair breaks out through the lower side of the aforementioned range, this will confirm a forthcoming lower low, possibly clearing the way to some lower areas. USD/CAD could then drift to the 1.2638 hurdles where a temporary hold-up might occur. However, if the sellers stay in control, they may easily drag the rate further south, aiming for the 1.2601 level or lower to 1.2560.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
USDCAD SHORT TRADE IDEA!Looking at taking short trades if price can fail another upside push as I see price continuing to travel sideways in this overall sideways consolidation area. Two areas I'm looking at taking trades from with very nice risk reward, even if price doesn't make a long term push down we can atlest target that support once again.
XRP Volume Profile Analysis outlook
Hello all
Here are some quick notes and levels too look out for on XRP in the short term
Each POC + Fib Level is a potential support or resistance
these levels seem pretty close but XRP moves slow until it pumps .
overall i personally don't see any good potential trades and am short term bearish and bullish for the month
long term analysis coming soon
LUNA Coin Trade Strategies Discussed#LUNA #WLUNA Price action, buy in range, swing trade targets discussed.
USDCAD - LONGBuying opportunity from Major Support Level. The target is next Supply Zone.
USDCAD - LONG
ENTRY PRICE - 1.24760
SL - 1.23900
TP - 1.27500
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
SPX hit 4560 and broke throughSaw 4560 after never gaining any upside momentum. We had a target below of 4532.45 and hit 4530.20. Not too bad here. Going to have to look for a pullback to the upside soon before another leg down if we get one. still intact for outside month target here of 4495.10. 4500 as always is a Big Psychological level. Lets see what happens here.
Still on the same Short scalping hourly S*%$We are not used to publishing so many ideas so frequently but things have been cooking for some time now.
So we published a few ideas about how Gold is behaving and what we was going to do about it.
Short scalps was the solution to the stalling Long move. The idea is when you start struggling to hit 50, 70 and 80 pips short scalps, you know the long is coming. That long however is due to hit a ceiling and come down from there. For this reason we are sticking to our Overall short Bias and continuously short scalping.
Throw in the odd long scalp back to your shorting entry prices and by the time this massive long or Short comes, you probably would have made the same or more on scalps.
So far there have been 7 saucy short scalps and 2 ready salted long scalps and the entry prices/ranges remain the same.
1825, 27, 28, 30, 35, 40 , 46-60. Until of course they get broken and closed above comfortably.
Not to forget the lowest possible entry price for long scalps is very important as if you are on board a long to your short entry you can reap those profits too. (currently in a long scalp but it may not last that long)
Remember Keep the scalps short and sweet and don't be greedy on Gold.
Good luck guys!
This is not financial advice and should be taken with a pinch of salt
$qqq 30min analysis The micro time frame of $QQQ is showing no signs of a reversal. $386 is looking like a high probable short opportunity. $QQQ needs to make a higher low above $380, and then take out $386. Play the levels to both the long and short side this week. The market can do whatever it wants, so it is important to be ready for both sides of a predefined level. Wait for confirmation, define your risk, then execute.