AUDUSD H1 - 13/05/2022Waiting for AUDUSD to get around 0.69222 makes a short order. The $0.7 support zone has become the resistance zone .
Remember to always learn new knowledge
Happy trading
Paralel
Solana H4 - 06/05/2022Solana is currently in the dip of the supply/demand zone where I suspect there will be a rally before anything can go lower. As bitcoin is suffering from a sell-off, the best idea is to wait for a good signal before entering a long position, though sometimes things can change rapidly because we are in the most sensitive zone
Observe all trading platforms, the current volume of all coins is significantly high. The market seems to be very "bustle" for short/mid-term traders but it is a nightmare for holders.
Remember to trade systematically, do not follow your heart. Any dip can go lower and lower and lower. If there is nothing to invest in or there is no appropriate entry, do not enter a trade. Save your time to observe and analyze for a deeper understanding. This is also a good time to the extent of your knowledge in any field instead of mourning for your lost money. I know it is hard to accept the truth but it is what it is. I was there when everything fell apart in 2018 . Tough time. I do not know whether things will get worsen or now so please be very very careful in managing your portfolio, and cut your loss if it is necessary. Holding too tight on something only makes you regret
Well, that is all I want to say.
Cheers
Nio - Watch out for the break out of the channelHello everyone,
China said Wednesday that it would keep its stock markets stable and take measures to boost economic growth in the first quarter, according to the state-run Xinhua News Agency.
The government should roll out policies favorable to capital markets while being cautious in introducing contractionary measures, according to the Financial Stability and Development Committee under the State Council, during a meeting chaired by Vice Premier Liu He.
This is huge, because the reason why Chinese stocks were down so much was due to delisting fears, unstable political environment and the recession looming over us.
While the recession and the war between Ukraine and Russia is not going anywhere as of yet, the improvement in the policies of China and significantly reducing the fear of delisting is something that will have an affect on all the beat-up Chinese equities, at least in the short-term.
Nio is trading inside a decending channel and we need to watch out for a break and possible retest of the last resistance.
In case it does not break though, we are headed down to the 10$ mark.
Good luck!
BTCUSDTThis Parallel Channel is being formed for about 152 Days
so far and if we manage to break to the upside it would
be great because this channel is actually a bull flag.
If we fail to break the upper resistance trend line it will
retest the support trend line again and maybe it will break
it, starting a selloff causing the price reach possibly $3,000 again.
If we manage to break it to the upside, the first target would
be to shoot for $10,000
