LUNAUSDT - 4H Interval - Targets and StoplossHello everyone, let's take a look at the 4H LUNA to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 2.62
T2 = $ 2.69
T3 = $ 2.78
T4 = $ 2.91
and
T5 = $ 3.26
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 2.45
SL2 = $ 2.34
SL3 = $ 2.19
and
SL4 = $ 1.99
Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local upward trend.
Localtrend
Daily review of ETH interval 4HHello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,587
T2 = $ 1,603
T3 = $ 1,620
T4 = $ 1,643
and
T5 = $ 1,672
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1567
SL2 = $ 1,550
SL3 = $ 1,535
SL4 = $ 1,521
and
SL5 = $ 1501
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows a local upward trend.
BTC local trend breakout As was mention in the last update. BTC wasn't able to break the local trend line and went back to retest 44200 area. price after that got some momentum and backed from the same trend line to create a LL at 45520. now the price make a fake out and went back under the trend line. for now my humble opinion BTC is going to try to break the local trend & based on the price action I think we will break it this time for sure and BTC is targeting 48000 areas. we will make and update after that.
GL & happy trading
EOSUSD Trade|Dynamic Resistance|Range Midpoint|Demand Zone Evening Traders,
Today’s Analysis – EOSUSD- breaking through dynamic resistance – immediate target, a retest of the demand zone.
Points to consider,
- Local trend change (technical higher high)
- Dynamic resistance breached
- Range midpoint (local resistance)
- Oscillators cooling off
- Volume below average
- Demand zone retest (long entry)
EOSUSD’s local trend has technically changed with an established higher high; a lower high at the Fibonacci level will further solidify a bullish directional bias.
The Dynamic resistance breach topped at range midpoint, a retracement to the .50 Fibonacci is probable as this is in confluence with the identified demand zone.
The oscillators are both cooling off from overextended conditions, maintaining above the 50 level will maintain a local bullish bias.
Volume is trading below average; price is likely to magnet towards demand zone before an influx.
Overall, in my opinion, a long from the .50 Fibonacci is valid with defined risk. Putting in a lower high will be bullish with the immediate target becoming daily resistance.
What are your thoughts?
Thank you for following my work!
And remember,
“Trade the market in front of you, not the one you want!” – Scott Redler