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Range

What is FLAT in the markets, practical tips☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Education
by Yelli_trades
ATOM - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 ATOM has been hovering within a big range between $5-$6.5 support zone and $15-$16.5 resistance zone. 📉 Currently, ATOM is in a correction phase and approaching the lower bound of the range. 📚 As per my trading style: As #ATOM approaches the lower bound of the range, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
HelenP. I Euro can make little correction, after which bounce upHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago price entered to consolidation, where it reached resistance 2, which coincided with the top part of the range and resistance zone. After this movement, EUR turned around and made an impulse down to resistance 1, which coincided with the bottom part of consolidation but soon turned around and in a short time rose back to resistance 2. Soon, the price broke this level, thereby exiting from consolidation too and later reaching the trend line. After this movement, the Euro started to decline and in a short time fell below resistance 2, breaking it one more time and continued to fall. Later price turned around and made impulse up to resistance 2, breaking the trend line, but then it at once rebounded and backed up. As well soon, the price broke resistance 1, which coincided with one more resistance zone and even declined lower this area. But recently price rose to the trend line and now trades close. For this case, I expect that the Euro will make one more little movement down and then start to move up to the resistance level, breaking the trend line. That's why I set my target at the 1.0700 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
Bitcoin can rise almost to top part of range and then start fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago broke the 68100 resistance level, which coincided with the seller zone and even later rose higher this area. After this, BTC rose a little more, then turned around and started to decline in a downward channel, where it fell to the 68100 level, then rebounded up to the channel's resistance line. Then price at once rebounded and declined in a short time to support line of the channel, thereby breaking the 68100 resistance level and soon BTC exited from the downward channel also. After this, the price entered to range, where it first fell to the 61000 support level, which coincided with the buyer zone and bottom part of the range and then rebounded up. Price reached the top part of the range, after which it turned around and declined to the buyer zone again. After this movement, BTC some time traded near, and a not long time ago it rebounded up. At the moment, Bitcoin trades near the top part of the range and I think that the price can almost rise to this part and then start to decline to the support level. For this case, I set my target at the 61000 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Ripple can break support level and decline to 0.4480 pointsHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago, and started to trades in the range, where it at once rose to the top part of this pattern and some time traded near. After this, the price turned around from the top part of the range, and in a short time declined to the seller zone, which coincided with the 0.5680 resistance level, after which XRP bounced and tried to rise in the range. But, after it a little rose, the price turned around and made a strong impulse down to the support line, thereby exiting from the range and breaking resistance with support levels also. After this, XRP in a short time rebounded from the support line and rose higher support level, breaking it one more time. After this, Ripple made a little correction to the support line, but now XRP continues to trades near the 0.4835 support level. In my opinion, Ripple can make a little movement up and then rebound down to 0.4480, thereby breaking the support line and level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
ETHUSDT. Medium-term and short-term analysisHello investors and traders! On the weekly timeframe, we have a sideways movement. The current vector is for buyers 8-9. The first target, 3580.34, has been reached by the buyer. The next target (if the buyer surpasses 3580) is 4372. If the weekly bar closes below 3056.56, the likelihood of further price decline will increase. Considering an investment deal would be advisable if the price falls below 2800. On the daily timeframe, we observe a sideways movement, and yesterday the seller played out their vector 7-8 and closed the bar below the boundary of the sideways range, at 3056.56. I am monitoring the actions of the buyer. If they bring the price back into the sideways range (above 3056.56), I will assess their strength and possibly consider buying.
by AlexeyWolf
ORDIUSDT. The seller has reached targets The seller has reached their targets from the previous review - 55.2 and 49. On the daily timeframe, there is a sideways market, and the seller's vector 7-8 has hit all targets. The price touched the lower boundary of the sideways market at 40.685 and showed a bullish reaction. I am observing the actions of the buyer. There is a threat for purchases - the seller's zone with a lower boundary at 51.532 (red background). On the hourly timeframe, there is a downtrend. The beginning of the last seller's impulse is at 54.68. Notice how the buyer cannot overcome 50% of the seller's last impulse (46.84). I will be looking for a selling opportunity from the seller's zone on the daily timeframe. Pay attention to the 5-minute timeframe. There is a sideways market. If the buyer attacks point 4 of the sideways market (49.88) and enters the zone of 51.532 (while on the hourly timeframe, the buyer does not absorb the last seller's bearish bar), and then the seller defends 49.88, we can look for sales to play against the opposite boundary of the 5-timeframe sideways market and possibly update the local minimum.
by AlexeyWolf
AVAXUSDT. Looking for salesHello traders and investors! On the daily timeframe, we observe a sideways trend. The buyer's vector 4-5 has played out. The price is at the upper boundary of the sideways trend, and we can consider looking for sales as an idea to implement the seller's vector 5-6 with the first target at 40.07 (then 34.83, 32.3). After the previous review, we notice a strong resumption of the seller from the upper boundary of the sideways trend at 49.96. I anticipate that the price will test the local minimum of 44.97. On the daily timeframe, we also see a sideways trend. The current seller's vector is 8-9 with the first target at 45.17. It's preferable to look for sales from the upper boundary of the sideways trend on the hourly timeframe, ideally from the seller's protection level at 48.17. Alternatively, look for sales below the level of 44.97 in the absence of buyers there.
Short
by AlexeyWolf
EUR/USD week 15 analysis/outlookLast week, the EUR/USD market was a whirlwind of activity, marked by heightened volatility and significant price swings. The week began with bullish momentum, as buyers took charge and pushed prices higher. However, by midweek, the market experienced a dramatic shift, with increased selling pressure leading to sharp declines in the EUR/USD pair. Despite the tumultuous nature of the market, traders were presented with ample opportunities to capitalize on the volatility. Profit levels soared during periods of heightened activity, particularly on Wednesday, when profit levels far exceeded expectations. However, the increased volatility also posed significant challenges, with rapid price movements catching many traders off guard. Looking ahead to next week, I anticipate continued volatility in the EUR/USD market. While there may be some attempts at recovery, the overall sentiment remains uncertain, with the potential for further downside pressure. Traders should remain cautious and vigilant, closely monitoring market conditions and adjusting their strategies accordingly.
by RobertD7723
Gold can break support level and continue to declineHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago started to trades in the range, where it some time traded near the support level, which coincided with the buyer zone with the bottom part of the range. Later Gold fell to this level again, but at once rebounded and rose to the top part of the range, after which the price made little correction and then backed up. Next, the price reached the mirror line, after which XAU made a strong upward impulse to the current support level, thereby exiting from the range and breaking the later mirror line. Soon, the price broke the 2320 level too and reached the mirror line too, but at once Gold rebounded down from this line to the 2320 level, which coincided with the support area. But recently price bounced from this area and rose to 2430 points, which coincided with the mirror line and at once turned around and in a short time fell back. At the moment, Gold trades near this area and I think the price can fall to the support level, and break it, after which Gold will retest. Then price will continue to decline, so I set my 1st TP at 2270 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
1
OPUSDT. The seller has reached their goalsIn educational article some week ago, I wrote that most financial instruments spend more than 75% of their time in this sideways market mode. So, knowing how to trade in sideways markets is a important skill for traders and investors. I highlighted 5 skills that help effectively trade in sideways markets. Discussing the first of them - how to combine the higher and lower timeframes when looking for trades, I provided a practical example on the OPUSDT chart using the daily and hourly timeframes. Quote: On the daily TF, we observe sideways movement since December 22, 2023, with the bearish vector (11-12) being relevant. The first target of the bearish vector, 3.119, was reached on March 19, 2024. The second target (2.822) and the third (2.611) remain valid The seller has reached their goals. Currently, the price is below the lower boundary (2.611) of the sideways trend on the daily timeframe. We haven't seen any buyers yet - there's no bullish candle. It is advisable to look for buying opportunities when the buyer brings the price back into the sideways trend. Sales can be sought from the defense of the seller at the level of 2.611.
by AlexeyWolf
AVAUSDT. We have context for both selling and buying. It's an interesting situation. We have context for both selling and buying. On the daily timeframe, there's a sideways movement (upper boundary - 49.96). The price has now returned to it, but the daily candle has not yet closed. If the daily candle closes inside the sideways movement, then we can look for sales, and the bearish vector 5-6 with a target at 32.3 will be relevant. There are two threats for the bears along the way in the form of buyer zones (blue background). The first one is at 48.3, which is currently being interacted with. The second threat is the buyer zone with the upper boundary at 45.18. On the hourly timeframe, the price is at the lower boundary of the sideways movement (48.3). The bearish vector 11-12 has played out. The launch of the bullish vector 12-13 with a target at 61.95 is possible. In summary, the daily and hourly buyer levels coincide (48.3). If the buyer shows itself at this level, then we can consider buying, taking into account the seller zones on the daily chart (red background). If the seller defends the breakout of the level 48.3, then we can consider selling, taking into account the daily buyer zone (upper boundary 45.18), inside which, by the way, lies 50% of the last daily buyer impulse. For a more detailed explanation of how to read charts and consider different timeframes when looking for trades, you can refer to the article
by AlexeyWolf
AVAXUSDT. On the Daily timeframe, selling takes precedenceOn the daily timeframe, we see a sideways movement with the upper boundary at 49.96. The price has been above the upper boundary for the last 20 days, but yesterday it returned to it and stopped at the 50% level of the last buyer's impulse on the weekly timeframe. This is clearly visible on the hourly timeframe: At the top, a seller's zone has formed with the upper boundary at 48.3 (red background), and at the bottom, a buyer's zone with the upper boundary at 45.18 (blue background). I anticipate price interaction with the seller's zone of interest. If the seller defends the range of 48-50, we can consider the possibility of sales, and the bearish vector 5-6 will become relevant with a target at 32.3. However, on the way to this target, sellers may be hindered by the buyer's zone, with which there was just interaction and a bullish reaction began, as clearly seen on the hourly timeframe. On the hourly timeframe, the price is below the lower boundary of the sideways movement at the level of 48.3. The bearish vector 11-12 has already played out, and we can expect the launch of the bullish vector 12-13 with an ambitious target at the level of 61.95 (ambitious, because the buyer will have to overcome the seller's zone on the daily timeframe). To launch the bullish vector, the buyer needs to raise the price above the range of 48-50 and protect it. For a more detailed explanation of how to read charts and consider different timeframes when looking for trades, you can refer to the article
by AlexeyWolf
BTCUSDT. Monitoring the seller's actions.Hello traders and investors! It's time to update the forecast. During the last review (23/03/2024), we observed a short vector 7-8 within the sideways movement on the daily timeframe. The target of the long vector 8-9 was 72419 (see the chart from the previous review). Currently, the long vector 8-9 has reached this target. It is advisable to look for sales at the upper boundary of the sideways movement. However, for short positions, the first threat is the buyer zone (blue color) with the upper boundary at 69674, which formed on the daily timeframe. And the seller has not yet shown itself on the hourly timeframe - the price at 17 hours is near the level of 72419. There is a high probability that the buyer will reach the upper boundary of the sideways movement at 73777. I am waiting for a reinteraction of the price with the level of 72419. For a more detailed explanation of how to read charts and consider different timeframes when looking for trades, you can refer to the article
by AlexeyWolf
BTCUSDT. Short term analysisHello traders and investors! On the daily timeframe we see a resumption of buyers from the buyer's zone (blue background) with an upper boundary of 69674. On the hourly timeframe, a sideways trend has formed, where the buyer's vector 4-5 has already reached the obligatory target. Searching for sales is risky because there is a resumption from the buyer's zone on the daily timeframe. It is not systematic to look for purchases at the upper boundary of the sideways. It is better to look for purchases at the lower boundary of the sideways trend, for example, from the buyer's protection levels at 69071, 67518. Sales are advisable to look for below the level of 67518 as an idea for implementing the seller's vector 9-10 of the sideways trend on the daily timeframe with the first target at 64493 (second - 60775). As before, I am waiting for a repeated interaction of the price with the level of 72419. By the way, purchases could be found yesterday on the 30-minute timeframe (see the chart).
by AlexeyWolf
ETHUSDT. Monitoring the seller's actions.Hello traders and investors! It's time to update the forecast. During the last review (22.03.2024), we observed a short vector 5-6 in the sideways trend on the daily timeframe. The target of the long vector 6-7 was 3722 (see the chart from the last review). Currently, the long vector 6-7 has reached this target. At the top, there is a seller's zone with a lower boundary of 3722 (red background). So far, we haven't seen any reaction from the seller in this zone. It is advisable to look for sales at the upper boundary of the sideways trend. However, for short positions, the first threat is the buyer's zone (blue color) with an upper boundary of 3505, which formed on the daily timeframe. There is a high probability that the buyer will reach the level of 3822. On the hourly timeframe, a sideways trend has formed with boundaries of 3727 and 3665. I am waiting for the price to interact with these boundaries. We can look for a trade opportunity based on the protection of these boundaries. For a more detailed explanation of how to read charts and consider different timeframes when looking for trades, you can refer to the article
by AlexeyWolf
Ripple can continue to move up inside upward channelHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price not long time ago price declined to the seller zone, which coincided with the 0.6585 resistance level and soon broke this level, after which XRP started to trades in the range. Then price in a short time fell to the buyer zone, which coincided with the bottom part of the range and soon made impulse up to the seller zone, after which turned around and started to decline. Price declined to the 0.5880 level, and broke it, thereby exiting from range and even fell below the buyer zone, after which Ripple turned around and started to rise in an upward channel. In the channel, the price soon broke the 0.5880 support level one more time and later reached the resistance line, but then made a correction movement. After this movement, XRP rebounded and continued to move up in the channel, so, at the moment I think that Ripple can make a correction move to the support line and then rebound up to the resistance line of the upward channel. For this case, I set my target at the 0.6350 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8