OCEANUSDTHello my dear friends
Currently, the price movement is at the end of the long-term downward channel.
A nice bearish wedge pattern is not formed for us, so I only included the bearish trend line.
Provided that the price range of $0.14663 is maintained and if the current trend advances to the blue range, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments.
Readthemarket
CAKEUSDTThe long-term upward trend line has been maintained so far, on the other hand, a tight movement has formed in the four-hour time frame.
Keep in mind that the price can break out of compression both from the top and from the bottom, depending on the type of movement in the lower time frames, it is more likely to break out from the bottom.
The confirmation of the above scenario is the price reaching the $4 range.
We would be happy to hear your comments
CHZUSDTHello my dear friends
The range of the flag limit has been maintained and the movement trend has not been lower than $0.1766, the positive divergence of the RSI has been issued in the four-hour time frame.
If the current trend is above the range of $0.2183, we expect a reaction and the formation of an increasing trend to a higher area in the return of the price from the range of $0.1878.
We would be happy to hear your comments
CADUSDHello my dear friends
Here in the market, we expect the dollar to weaken. The Bank of Canada interest rate will be announced tomorrow.
Currently, if the previous price floor ($0.749) is maintained and the current trend is above the price range of $0.7547, the possibility of an upward trend similar to the drawn scenario is strengthened.
Be sure to keep in mind that the condition for the trend to progress to the green area is the complete consumption of orders in the area of $0.7586.
We would be happy to hear your comments
ADAUSDTHello Dear friends
In price corrections, our limits have been maintained and therefore we do not have the mentality to form a downward trend at the moment.
As long as the range of $0.4483 is maintained, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments
NEARUSDTCurrently, we do not have a signal to continue the downward trend, on the contrary, the lower ranges have been maintained and provided that the corrective trend does not fall below the price range of $3.92.
There is a high probability that the increasing trend will continue up to the specified area.
For us, the best point to enter the trade is the yellow zone ($4.9053).
But in the chart of the lower time frames at the end of the downtrend, a head and shoulder pattern has been created.
This part depends on your risk-taking.
We would be happy to hear your comments
MATICUSDTHello my dear friends
The price range of $0.9953 is very important for us.
In this range, important orders have been set, and to continue the downward trend, these orders must be consumed completely.
Currently, we have a positive RSI divergence in the four-hour chart, and the possibility of forming and completing a double bottom pattern at the end of the downward trend.
On the other hand, in the 30-minute time frame, we have the negative divergence of the RSI, according to which, the possibility of the price falling to the white range of $0.7858 is high.
Keep in mind that if the current trend is lower than the price range of 0.7532 rials, the above view will expire.
We would be happy to hear your comments
BTCUSDTHello my dear friends
In the weekly chart, a pattern with an upward target has been formed for us. Positive divergence of RSI in the daily chart!!!
The price broke out of the daily compression from the bottom side, according to the analysis (:
The downward trend should continue until the price range of $18606. As long as the price range of $16,240 is maintained, there is a high probability of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments.
ATOMUSDTHello Dear friends
Currently, we do not expect to form an upward trend. On the other hand, in order to have a stronger downward trend, orders should be taken from the main area.
As a result, if the price range of $9.97 is lost, the yellow range ($12.9) becomes valid for us, and from this range we can expect the formation of a downward trend until the yellow area ($6.17).
We will be happy to hear your comments
EURUSDHello my dear friends
This area that the price movement has reached now is from the last twenty years.
Currently, a type of intensive movement has been created for us in the daily chart, which is likely to exit either from the upper or lower side.
In the four-hour time frame, the positive divergence of the RSA has been issued, as a result, the probability that the price will break out of this compression from the upper side is higher.
Please keep in mind that the above view is valid as long as the price range of $0.9567 is maintained.
We would be happy to hear your comments
BTCUSDTHello my dear friends
In your opinion, how valid is the drawn pattern?!?!?
We will not have the mindset to form a bearish trend until the corrective trend is below the $22,671.97 price range.
Don't forget the marked white and yellow ranges ($24,319 & $24,626) are valid after the $22,671.97 price range is fully consumed!
We would be happy to hear your comments.
ENJUSDTHello my dear friends
According to the negative divergence of RSA, if the price range of $0.573 is completely consumed, then the probability of reaction to the yellow area ($0.697) is high.
From the yellow area, we expect the formation of a corrective trend up to the range of $0.515 and $0.418.
We would be happy to hear your comments.
TRXUSDTHello my dear friends
The triangle pattern is very cleanly formed in the higher time frames.
If the current trend is below the price range of $0.0592, the possibility of forming a downward trend similar to the drawn scenario is not out of mind.
But if the current trend is above the price range of $0.07893, there is a possibility of forming an upward trend similar to the drawn scenario.
According to the momentum of the current trend, the possibility of forming the first scenario (downtrend) is more likely.
We would be happy to hear your comments.
SOLUSDTHi, I hope you have a nice day.
The bullish momentum is stronger than the corrective trend, but the price range of $31.6 has been engulfed! As a result, in my opinion, the downward trend is not over yet.
The possibility that we have an upward trend to higher ranges and a downward trend is formed again to the price range of $27.86 is not out of mind!
We would be happy if you share your thoughts with
ADAUSDTWhen the price rises with this intensive move to the specified range, which is a very important range, the probability of continuing the upward trend is very, very low!
The price seems to react when it reaches the specified range, it should be noted that the correction process within the channel is not yet complete. Of course, it is possible to engulf the range (touch the price 0.72) and then complete the downtrend.
If the specified ranges become engulfed, the probability that it will continue its upward trend by withdrawing orders from lower regions will be strengthened.
ICPUSDTUnless the price falls below $ 7.7, a similar scenario is likely to follow.
In the first place, the price could react to the FTB range ($ 9.32 - $ 9.64) and fall to the $ 8.2 range.
But this range can change the trend and direct prices to higher ranges.
RUNEUSDTWe can expect the price to rise to the $ 2,758 range if the $ 2.364 price range is not eliminated and not engulfed.
If we have a good momentum, we can expect the price to reach the blue range ($ 3.157).
Most importantly, it is to be removed from the FTX exchange for June 13 !!!
NEOUSDTBased on this intensive movement that we have in the four-hour chart and the reaction that the price has shown to the blue range.
I have the mentality that the price should come out of the compression from the bottom.
The $ 12.698 price range seems to be suitable for the reaction and the entry point for the trade.
Short EURUSD at 1.057361) There was an almost "strong bearish trend"!
2) A battle has been seen between bulls and bears at base candle.
3) "Sellers" clearly won the battle!
4) There might be a economical reason behind this move. Since we are chartists, we do not necessarily need to know why this move has happened!
5) According to long term back-tests, if the price reaches the base range, it is about 65% likely to react. However, due to unpredictable market fluctuations and possible trader inaccuracies, the Win Rate of this trading system in various instruments is between 45% and 55%. Regarding the great TP to SL, this strategy is really great at money-making.
6) I will not change the SL but TP may change according to the market situations, So follow this idea.
7) Don't forget about risk management and money management principles.
Best regards , Ali
Waiting for Sell on EURUSDIn the higher Time Frame, the price most likely will be going up. On the other hand, there is a fresh flag limit to sell around 1.06075 to 1.06421
Waiting for Buy on CADCHFBuy in the extreme area on the flag range to minimize the stop loss percentage, the price looks like going to 0.78000 area.
