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Recovery

EUR ATTEMPTS TO RECOVERLast week EUR pairs experienced strong bearish pressure dropping to respective strong support levels. Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen. EURUSD bounced on the support level and printed a rejection candle on the daily timeframe. EURAUD displays similar dynamics attempting to pullback. All these suggests the EUR might make recovery attempts in the coming week. Look out for entries on lower timeframes with proper risk management.
Long
by DennisDims
3.5 years to recover 2008 recessionIt took about 3.5 years, from the last top in late 2007, to cross all relevant moving averages in early 2011, for us to confirm all the market bottoms were in. During that time, more than half of the market was lost in its last bottom compared to its last top. Expect same or worse in this 2022 recession, as more things will pop in this everything bubble. The current Triple EMA (TEMA) has only dipped about the same as during the pandemic, so we have only just begun the slow drop. Take care & keep looking for sectors, equities & ETNs that perform well in recessions, including the upcoming Bitcoin (BTC) Short ETF : BITI
AMEX:SPYShort
by roelds
Tron (TRX) Jumps 24%, Is It A Recovery Or A Dead Cat Bounce?TRON (TRX) prices have jumped by over 24% since the U.S. Federal Reserve raised the interest rates by 75 basis points. Meanwhile, the TRON blockchain has also gained the support of Crypto finance, an asset management group. The TRX token has registered a tumbling week as it dropped with correlating with the other major cryptocurrencies. However, the recent surge has helped the token recover from its recent dump. The TRX prices dropped by around 23% over the past 7 days. It is trading at an average price of $0.0624, at the press time. One of the main reasons considered for the Trx’s price collapse has been the de-pegging of TRON’s stablecoin. USDD is trading at a price of $0.977, at the press time. The stablecoin has shown some improvement as it is up by around 1.6% in the past 24 hours. The USDD token went on to touch the price level of $0.96 on June 15, 2022. Meanwhile, TRON stablecoin’s market circulation has stood at 723.3 million while its market cap has shrunk to $707.2 million. However, the blockchain team took many measures to counter the recent slump. Justin Sun, Head of TRON, announced the plan to withdraw 2.5 billion TRX tokens from the Binance crypto exchange. The withdrawn tokens’ worth amounted to around $125 million. Meanwhile, TRX’s 24 hour volume has surged by around 70% to stand at $2.6 billion. In a bid to provide more stability and global growth to its tokens, the TRON joined hands with Crypto Finance. The release mentioned that more TRON based tokens will be added in the future. This collaboration will provide different access to the network.
BINANCE:TRXUSDLong
by Anthony123111
2
BTC SUPPORT LINES AND GAME OVER RIP LINE. This chart I am showing you what I think are the support lines that must hold or down to the next is 100% guarantee. Note the 3k line IF we go down that far must hold or DEFI is dead and all coin is nothing but a memory of how the world lost money. Also know that the longer we go down and stay down, the bigger the recovery will be. This is crazy and stay clear of alts, some will die. My TOP TEN LIST, of coin I think will recover best are in no particular order are. BTC, ETH, SOL, MATIC, CRO, SHPING, DOT, AVA, ADA, UNI. No I did not list meme coins because they are manipulated by twitter critters who just smell MUSKY to me. I think 10K is going to hit and I hope hold, but no one knows anything anymore at this point, Best of luck to you all, I might place some more at 10K but I want to see 3 steps up before I go long with a real investment. It will go up, just have to wait months or years, No one knows anymore, until lending coins stop failing. But things happen in 3's and watch for big time regulations to hit hard as feds get protective due to all them crying eyes who did not believe the crash, heck, this deep down got me off guard. I thought 23K would be it. I was wrong. Be safe, Be smart, and get wealthy my friends.
COINBASE:BTCUSDLong
by bigfootInvestments
OPPROTUNITY - BE AHEAD OF THE CROWD - LONG - ADA /BUSD -CARDANORed line is the lowest potentially reachable price. The orange range lines are the probable sector where the price needs to get out from, to either increase of fall. There are some symmetrics vertically. The price have failed to recover and stay in the orange range. The blue down trending line has been very regular but we can notice that the price have succeeded in passing through it. The horizon is more positive but there is a danger zone close to the lowest $0.12 area. What to watch? Check at this orange range, investors will probably wanting to see the price recovering in that range before entering massively. Isn't it the great moment to dollar cost average and be ahead of the crowd ?
ALong
by Diallo_Charts_Ideas
Elliott Wave Intraday Analysis: GME Is Looking HigherHello traders and investors! Today we will talk about short-term intraday GME structure in which we see pretty nice and clean bullish setup formation, at least for a three-wave (A)-(B)-(C) rally away from the lows. As you can see GME made sharp and impulsive rally in March that belongs to first leg (A). In Elliott wave theory, after every five waves, we can expect a three-wave pullback before a trend continuation. So, currently we are tracking an A-B-C corrective setback within wave (B) that can be slowly approaching the end, as we see it moving in final stages of wave C of (B). Ideal support in Elliott wave theory is at the former wave 4 and golden 61,8% Fibonacci retracement which comes around 125 level, so final subwave "v" of C can be still missing. What we want to say is that we should be ready for more gains within wave (C), but ideally once current wave (B) correction fully unfolds. Of course, there's a chance for bigger or more complex wave (B) correction, but the count remains valid as long as it's above 77 invalidation level. Trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYSE:GMELong
by ew-forecast
2
Ethereum 3day shows a double bottom and breakout 🐱‍🏍The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: We entered the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We formed a W shaped double bottom which is a strong reversal sign. Bearish stuff: We did not create higher highs yet and are in a consolidation phase during a down trend. Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA . We believe that the people that hold through these hard times will get rewarded. What is needed is patience and endurance . We expect a bullish Q2 for 2022. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumblery
Long
by tumbler55
200MA on the 3day held perfectly. Testing 45k again 🐱‍🏍The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: The 200MA of the 3day was held perfectly. No close below it! We now are within the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We are still above the macro support level of 30k. Bearish stuff: We did not create higher highs yet and are in a consolidation phase during a down trend. Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA. We believe that the people that hold through these hard times will get rewarded. What is needed is patience and endurance . Bitcoin got additional attention during the Russian invasion in Ukraine. People could use Bitcoin but have trouble withdrawing their fiat currency. Donations are also made using cryptos which leads to additional attention. Ukraine legalized cryptos because of that. The FED started with rate hikes and takes a closer look to cryptos. This is a novum and it seems that Bitcoin became to big to ban or ignore. We expect bullish times ahead can't wait for it. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumblery
Long
by tumbler55
3 Months until the Vasil hardfork. TVL is climbing 👀Cardano is the Blockchain to go if you believe in the scientific route. So far over 150 peer reviewed papers came out and many problems were solved before the implementation. Do it right from the start even if it takes some time! Cardano dropped by 75% from its previous ATH around 3$ within the last 6 months. Now it looks like we found another local support close to the 0.8$ line and can start a trend reversal from there. Bearish stuff: We create lower highs and lower lows so technically we are still in a downtrend. We are below the 50MA, 100MA and 200MA. Volume is very low. Bullish stuff: We currently broke the downwards trendline. Sundaeswap is live and the TVL is growing. The Vasil Hardfork is only 3 months away. Bitcoin looks healthier and Cardano as well as the whole market could profit from that. The fundamentals haven't changed and Cardano is at a 75% discount. We believe that the people that hold through these hard times will get rewarded. What is needed is patience and endurance. We expect bullish times ahead and can't wait for it. The star projects the price target we set for the Vasil hardfork. Let's see if we can reach it until then. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumblery
by tumbler55
4
Replaying Trade Setups - High Volume RecoveryThis video is to show how areas of high volume can act as a great tool for Technical Analysis. The settings were as follows: - Timeframe 15 minutes - Lookback average (10) equaling 150 minutes - Volume above 250% above the lookback average What we could see at the start of the video was that there were previous red zones where there had been above 250% down volume. This was recovered by high up volume creating further green zones that were then recovered. This is just one of many tool that can assist you with your Technical Analysis. Where does this leave us, with a potential to sweep the current low to grab the green zone followed by a reversal or price move up to the newly created red zones.
by Frien_dd-DisDev
14
EURGBP - May suffer further loss due to Inflation !Hello Traders Here is a new BUY Scenario, due to inflation, inflation, inflation i suggest you to not enter into trade until 0.82800 - 0.82500 I expect a retracement until 0.83400 before further possible loss ✅ EURGBP BUY between @0.82800 - 0.82600 TP1 @0.83000 TP2 @0.83200 TP3 @0.83400 SL @0.82300 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including
Long
by jamdejam