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Rebound

EURGBP With an Attempted Breakout The price action of the EURGBP is currently attempting a breakout above the upper limit of the descending channel on the reinvigorated bullish bias. The euro was bolstered today following the release of the better-than-expected German ifo business climate numbers for February. The preceding downtrend, taking the form of a 1-5 Elliott impulse wave pattern, was completed at the major support level at 0.83120, which has already prompted several bullish rebounds recently. If the breakout is successful, the price action would then test the 61.8 per cent Fibonacci retracement level at 0.83592. The next target would be the 38.2 per cent Fibonacci at 0.84048.
Long
by Trendsharks
Bitcoin (BTC) Price Prediction: BTC/USD Holds above $39K SupportOn February 17, the bears succeeded in breaking below the $41,800 support as BTC price attempts a rebound. The breakdown signals the resumption of a downtrend. In retrospect, the largest cryptocurrency has been range-bound between $41,800 and $45,000 price levels. The bulls made several attempts but failed to break the $45,000 overhead resistance. Sellers have regained temporal control of prices as BTC/USD declines. Resistance Levels: $70,000, $75,000, $80,000 Support Levels: $50,000, $45,000, $40,000
CRYPTOCAP:BTCLong
by Jessica86896
Bitcoin showing Bullish Divergence on weekly chart. On weekly charts BTC is sowing a bullish Divergence. Btc recently rebounded from over sold zone in RSI on daily charts. With this divergence, it seems that BTC could show a bullish rally with next target to be last swing high of $50900. Keeping in mide Feds hawkish stance and current rally in Dollar index and 10 Year bond yield, this could be a false alert but im keeping my hopes up and believe that BTC could rally again in coming weeks.
COINBASE:BTCUSDLong
by GhostXNir
Breakout Play on GOOGL The share price of GOOGL rose in after-hours trading yesterday after Google's parent company Alphabet posted robust earnings for the fourth quarter. This entails the opportunity for catching the newly emerging uptrend. The upswing commenced following the completion of the last 1-5 Elliott impulse wave pattern at the lower limit of the descending channel. The price action is to test the 100-day MA (in blue) after today's open. If it manages to break it, the next target would be the 61.8 per cent Fibonacci retracement level at 2817.87, which is currently converging with the 200-day MA (in orange) and the upper limit of the channel; both factors making this last Fibonacci threshold a more significant barrier. Conversely, a failed breakout could potentially lead to a dropdown to the 38.2 per cent Fibonacci at 2693.62, which is about to converge with the 50-day MA (in green). Traders could potentially use such a dropdown to buy the dip of the correction.
NASDAQ:GOOGLLong
by Trendsharks
JICPT| How low can S&P go after the bloody week! Hello everyone. S&P tumbled with other indices last Friday. Frankly speaking, it was really ugly on the daily chart as it closed below the long-term MA for the first time since late Feb of last year. How further down it might go? On the monthly chart, it's still in the bullish uptrend. The firm demand zone from my view is around 4050-4200 . That's another 8-9% drop from the current level. On the day chart, the six consecutive bearish candles may scare a lot of investors. From the recent high created on Jan. 4th, S&P fell by almost 9%. However, I'm a bit optimistic on the recovery in the next few days. Look at the angle it fell, it's free fall . The rising US 10y yield and possible 3-4 times of rate hike in 2022 is gradually pricing in. The free fall is breakout, which is likely to be followed by downtrend channel or sideways range. I will pay attention to the demand zone on the monthly. I'm expecting price will react to the zone and bounce back. if not, price is likely to drop by another 20%, probably seeking support around 3300 What do you think? Give me a like if you're with me.
CME_MINI:ES1!
by JICPT
USOIL REBOUNCE READY FOR LONG🚀WTI Is falling from the recent highs In a bearish correction to retest the strong key support level below. Once the price hits the level expecting a strong rebound and a move up to retest a local resistance above LONG🚀 There is broadening pattern and look like the price is going to test the bottom trendline and its Daily Support. Resistance 1 84.5 - 85.5 supply area Support 1 73.0 - 75.0 demand area Support 2 61.5 - 62.5 demand area Conclusion: Fluctuation between 77-85 is the most probable Scenario! Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
TVC:USOILLong
by legacyFXofficial
EURUSD to Test a Major Trend Line The price action of the EURUSD pair rebounded following the publication of the October non-farm payrolls on Friday. It broke out above the 23.6 per cent Fibonacci retracement level at 1.15537 and is currently consolidating above the 50-day MA (in green). The price action is also concentrating below the descending trend line (in red) and the 38.2 per cent Fibonacci at 1.15802, which is converging with the 100-day MA (in blue). A potential breakout above the two would confirm the attempted trend reversal, whereas a potential denial below the trend line would imply the likely continuation of the downtrend further down south.
by Trendsharks
ZILLOW GROUP INC. DROPPED TO KEY SUPPORT LEVEL ON WEDNESDAYZillow Group Inc.’s roughly $1.15 billion pile of mortgage bonds tied to its home-buying business has been thrust into the spotlight after the real-estate giant on Tuesday called it quits on its iBuying home-flipping business. The Class C shares Z, -24.92% plunged 24.6% in afternoon trading, and the Class A shares ZG, -22.95% plummeted 23.4%, both toward 15-month lows, after Zillow reported late Tuesday a surprise third-quarter loss and revenue miss, said it would cut about 25% of its workforce and announced plans to “wind down” its iBuying service after disclosing losses of more than $550 million on homes purchased. The Class C shares are suffering the most significant one-day drop since November 2018. They have now slid 36.6% over the past three days, and the A shares have shed 38.1% over the same time. But at the moment analyst’s target zone for the C shares is about 75% above current levels, and the average A price target implies 80.8% upside. The fair value is around $343.54, with a forecast earnings growth of 69.91% per year. Also, on the weekly chart after the big drop yesterday, we see that the price stopped at 23.6 Fibo level and a strong support line at $65.00. It would be interesting how the traders will react in the following days. If the price continues to fall and break these levels, it is possible to see a price test around $50.00 or lower levels around $28.00 or slide at the low levels from March 2020 around $20.00. Looking at our short-term oscillators, we see that the RSI rebounded from slightly above its 30 lines, while the MACD, although below both it's zero and trigger lines, shows signs of bottoming as well, and they marked that the price is in the oversold zone. If the price rebounds from this current level and the traders receive any positive news in the following days, it will activate the bulls on the market. The positive sign will be the price breakthrough the 38.2Fibo level around $91.00 will probably test 50.0 Fibo around $114.00 or go higher around $135.00. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NASDAQ:Z
by legacyFXofficial
Facebook's Share Price Ready to Resume Climbing Higher The share price of Facebook has just completed a sizable correction, which now appears over. The dropdown rebounded from the 200-day MA (in orange). Given the better than expected earnings data for Q3 (which was posted yesterday), the uptrend would now likely be resumed. A breakout above the upper limit of the Descending Wedge pattern would signal the beginning of the new uptrend. The first potential barrier can be found at the 350.00 resistance. The latter is underpinned by the 100-day MA (in blue). The previous swing peak at 380.00 represents the secondary target.
NASDAQ:METALong
by Trendsharks
EURUSD Likely Headed Towards 1.17000Recently, the price of EURUSD completed a decisive bullish rebound. This was exemplified by the emergence of a Falling Wedge, a classic trend reversal pattern, at the bottom of the previous downtrend. The price action went on to consolidate in a range between the 23.6 per cent Fibonacci retracement level at 1.16153 and the 38.2 per cent Fibonacci at 1.16716 afterwards. The strength of the range's lower limit is underpinned by the crossover between the 100-day MA (in blue) and 50-day MA (in green). Meanwhile, the 200-day MA (in orange) is currently converging with the range's upper border. The next target for the uptrend seems to be the 1.17000 threshold.
Long
by Trendsharks
BBL|Q321 +73%YOY|Sideway Up Crossing EMA400 |TP 130 SL 120BBL Sideway up crossing EMA400 - Long Run Trend Buy Position | 2nd Target Price 140 (Int. Elliot Wave 3 position Fibo 1.618) > 1st Target Price 130 (Fibo 1.0) Aggressive Stop Loss 120 (EMA10) > Risk ratio 3.2 >Strong Q321 performance +73%YOY +36%QOQ www.thunhoon.com > Continuous Big Lot volume support > BBD banker chip positive signal > 1st Top Buy NVDR Value > Uptrend channel of trade > Strong buy signal SUPERTREND & CDC ACTIONZONE BUY RIBBON
SET:BBLLong
by dukeposh
Double Bottom on the EURGBPThe price action is displaying early signs of a potential bullish reversal, following the publication of the UK inflation numbers for September earlier today. The MACD indicator is underpinning mounting bullish momentum while the price action appears to have already bottomed out at the major support level at 0.84250. The first major test for the likely new uptrend would be at the 0.84600 resistance, which underscores the upper limit of the Double Bottom pattern and coincides with the Ichimoku Cloud.
Long
by Trendsharks
1
EURCHF Due for a Bullish Pullback The price action of the EURCHF is currently consolidating above the previous swing low at 1.07000, which represents an early indication that the market may be due for a bullish correction. Moreover, the price action completed a Descending Wedge, which is a type of pattern that, when found near the bottom of a downtrend, signifies a likely bullish reversal. If the price action manages to penetrate above the 20-day MA (in red), it would be then able to attempt rallying towards the 23.6 per cent Fibonacci retracement level at 1.07575, which is currently being crossed by the 50-day MA (in green). This makes it an even more prominent resistance level. The next bullish target is represented by the 38.2 per cent Fibonacci at 1.07920, which, in turn, is currently converging with the 100-day MA (in blue).
Long
by Trendsharks