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Range

TSLAAs stated in my previous TSLA post if we close below 696 on any given week we're going to be going lower on it and the inverse h&s play is likely invalid. 696 is a very important level and if it gets sliced it's going to : 680 650 support lvls below Really need a bounce at 696 or 680 to keep a range in tact otherwise there's more sell to come on it! I'd really like to see a break above 730 on Tsla for continued upside otherwise I'm convinced we're going lower soon. I'll be waiting to purchase towards 650 and lower for my next set of shares for the long term portfolio.
NASDAQ:TSLA
by tslatrades
Bitcoin 4H range. My thoughtsBitcoin has been consolidating inside of a range since the beginning of 2022. This range is showing obvious signs of a distribution phase (manipulated highs/higher highs). Right now it seems like there are equal lows at around 37k ready to be wiped for liquidity. There is also a daily supply zone at 46-48k which I think price is very likely to tap for one more higher high before topping out and moving lower. Now whether 37k gets manipulated first or 46-48k I have no clue tbh but it makes more sense for it to move up to the daily supply before going down to tap the lows at 36k and later 30k. So if I had to choose, money is on 46-48k first then 37k. Now do with that information as you will, and as always, gl traders! NOT FINANCIAL ADVICE!
COINBASE:BTCUSD
by SpaceBlobb
2
EURO-HORIZ trading range.last bearflag?Hello everyone As we see New York markets struggle in the past couple of days,many down fall of prices in the different markets are noticeable,however in EURUSD we can't see that much change. Now the price is in a horizontal trading range with long shadowed bars ,after a trend line break, late in a bear market;I don't know about you but this screams final bear flag to me.In situations of such,I expect to see a reasonable down trend in lower time frames after a retest of a moving average ( 20 maybe) and a lower low major trend reversal which can create good reasonable buy setup for swing trades. For now. the price might stay in trading range for the rest of this week ( good for scalpers) so our support level of 1.05$ will stay unbroken until next week and the price will stay in this channel.
by HubAlgo
EURUSD: The Range Trap 🐻The more I study this chart the more I see the potential for buys to liquidate sell-side liquidity. Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys) With this theory, we could assume that this fresh demand will be the zone to give buyers strength to push for that sell-side liquidity. If the price respects this demand throughout London, I will consider buying into the weak supply, updates to follow. Give this post a thumbs up if you like my breakdown! 🔥
Long
by AlkalineFX
7
EURO - Continuation as bear flag!!Hello everyone As we have seen a great loss of support level 1.078$ and 1.06$ on EURUSD, now we have the support level 1.05$ which leave us with possible outcomes of: - Continuation of the wedge that can be seen in 4 hours chart as bear flag which is more likely because of the last daily bar with the shadow almost as long as the body and the context of bear market on daily chart. This will lead to fall of the EURUSD to lower channel with the support level of 1.035$ which the price last seen on Dec 2016 & Jan 2017. - Or we can have the price continues in the channel between 1.06$ and 1.05$ for the whole week and wait for a reversal pattern. The war in Europe also can be a factor in our bear trend.
Short
by HubAlgo
2
BTC/USDT : Two possibilities to Short the movement!BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Recently we called a Short position on $40350 and it turns out with a great result! Now $BTC has pulled back from the Range's Low And it has reached the Range's mid. Based on our data, The First Short position has come with an opportunity to take at Range's mid with an SL above our last rejection line at $40320. And the Second opportunity will be created if we get the closings below $38100. Then you can locate your Short with an active SL above Range's mid at $39200. ( Active means that we need those candles close to triggers our SL ) The last word, If we get caught on SL, Then I'll be looking for possible Long above Range's high. Also, there'll be another Short Possibility at Range's High. That's why I didn't mention further information... Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
30
Will We "Affirm" A New Direction This WeekWill We “Affirm” ( NASDAQ:AFRM ) A New Direction This Week? I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock. Bullish divergence on the daily chart. AFRM is in the buy zone. AFRM is in a range on the daily chart. Outcome Expected- Break from range through the upper channel *Identified risks- -It will be very important to watch price action because the stock is currently trading below the 200, 50, 21 and 9 moving averages. Hence, the reason why I will be making a safe entry once the stock moves above the upper trendline or 9 MA. -AFRM is ranging and I wonder if it will continue to do the downside as a continuation from the inverted cup and handle pattern or make a shift to the upside -AFRM has earnings on May 12, 2022. I look forward to watching what happens with AFRM over the next few days.
NASDAQ:AFRMLong
by MrALtrades00
1
What are the chances for the crypto uptrend ❓💎Based on our previous CIX analysis, a bullish case was expected upon the break above the 257,000 resistance. The bearish scenario was expected upon the daily break and close below the 239,00 support. 💎The bearish scenario took place and the price fell to the 227,000 support. This is likely to be a critical demand area, a decision-making point for the medium-term price action. Because currently CIX is facing double Fibonacci support, and so far it has been respected. 💎As long as the daily close remains above ..........
C
by CryptoPAMM
1
NEAR/USDT : Consolidating into a RANGEBYBIT:NEARUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $NEAR has formed a wide range channel which has held the pair for 25 days. Now it has gained bullish momentum once again as it's broken above the range's mid! But so; As we all know, There'll be always fake-out or deviations... In terms of possible rejections, I just mentioned the two possible scenarios to trade with : - Be noticed that both of them need active management with tight SL and multiple targets! 📈 Bullish scenario: Currently the most possible scenario is to face more bullish continuation, In this way; If we get closings above the mentioned S/R line at $15.1, Then you can locate your Longs on a proper retest of the broken marked line. - Be advised that the SL should be located below the Range's mid with active management! 📉 Bearish scenario: $BTC has reached one of the main S/R lines at $40600, As it consolidates below the resistance; There'll be always a chance of quick rejection into yesterday's lows... In terms of rejection; If we get closings below the Range's mid at $14.7, Then you can locate your Shorts on a proper retest of the broken marked line. - Be advised that the SL should be located above the S/R line at $15.1 with active management! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
17