Rectangle
ATOM Looking Bullish!KUCOIN:ATOMUSDT
ATOM is formed in a build up. Waiting for igniting trigger to open position.
On breakdown can short to possible pullback on LTF and wait for another move higher in direction of trend.
Bitcoin is trying to hold support and will guide direction.
Many earnings this week so be prepared to be more patient.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
TINPLATE S&R in 1 DTF!!!***Simple Support & Resistance Pattern!
Note: Only enter after crossing the Blue Line is my suggestion to all, happy trading mates.
EURUSD: Detailed Technical Analysis For Next Week 🇪🇺🇺🇸
EURUSD is stuck within a wide horizontal trading range on a 4H time frame.
To catch the next trend-following wave, watch a resistance of the range.
We need a 4H candle close above that to confirm a breakout.
After a breakout, a bullish move will most likely follow.
The next resistance will be 1.0923
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MarketBreakdown | EURUSD, EURAUD, EURCHF, SILVER (XAGUSD)
Hey traders,
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ EURUSD 4h time frame🇪🇺🇺🇸
The pair is currently consolidating within a horizontal intraday range on 4H.
For now, I believe that the price will keep trading within that.
A bullish breakout of the range will be a strong bullish signal.
After a breakout, the market will most likely go much higher.
2️⃣ EURAUD daily time frame 🇪🇺🇦🇺
Buyers are finally pushing.
At the moment, we see a breakout attempt of a key daily horizontal resistance and a falling resistance of a bullish flag.
If the price closes above them both on a daily, a strong bullish continuation will be expected.
3️⃣ EURCHF daily time frame 🇪🇺🇨🇭
The market has nicely corrected this week.
Ahead, I see a major rising trend line on a daily.
Probabilities will be high that a strong bullish reaction will follow from that.
4️⃣ Silver (XAGUSD) daily time frame 🪙
Silver keeps coiling.
The pair is currently stuck within a wide horizontal range on a daily.
The next bullish wave will be expected only after a bullish breakout of its resistance.
Alternatively, a bearish breakout of its support will push the market much lower.
Do you agree with my market breakdown?
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💵Euro/Australian Dollar💵Analyze (01/13/2023)!!!Euro/Australian Dollar was able to make a rectangle pattern near the resistance zone.
Since the Euro/Australian Dollar failed to test the top of the channel, I expect the Euro/Australian Dollar to go down to the support zone again.
🔅Euro/Australian Dollar Analyze ( EURAUD ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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BITCOIN (BTCUSD): Detailed Technical Outlook: ₿
Bitcoin is unstoppable.
The market gained almost 30% from the beginning of the year.
Now the market is stuck on a key daily structure resistance.
Analyzing a 4H time frame, I spotted a horizontal trading range.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios:
Bullish scenario:
If the price breaks and closes above 21300 - 21500 area on a daily,
I will expect a bullish trend continuation at least to 22400
Bearish scenario
If the market violates 20200 - 20700 area and closes below that on a 4H,
a bearish movement will be expected at least to 19100
Patiently wait for a breakout, that will be our trigger!
What do you personally expect?
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Bitcoin - Please be greedy and FOMO in!
Bitcoin is absolutely pumping heavily right now, and there is not too much time for you to jump in, so you need to FOMO in ASAP and be greedy!
The pump is real, and if you think this is a scam pump and we are going to go soon to 14k, then ...........
The next target for Bitcoin is around 29k! In one of my next analyses, you will see why this is a very important level, so make sure you follow me!
Bitcoin is currently approaching a significant resistance level, which is the 0.618 FIB + start of the FTX dump + start of the GAP. It's possible that the bears will step in temporarily, so keep that in mind!
There is of course a possibility of a retest of the rectangle pattern, which is at 18,400. Also, it's a breakout level of the major trendline from August.
If you haven't seen my idea from January 5, where I told you bitcoin was going to exponentially pump, check out the related section down below. Everyone was bearish back in the day!
There is absolutely no bearish divergence on the higher timeframes, and the uptrend looks extremely healthy and powerful!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I share my trades privately.
If we take a look at the end of the downtrend, we can spot a SFP (swing failure pattern), or someone can also call it a double bottom pattern. The neckline of this pattern is currently breaking out. A trendline from August is breaking out as well.
From the Elliott Wave perspective, we are in the third wave of the third wave, which is the most impulsive phase. Also, you can see my Elliott Wave count on the chart, so check it out.
Thank you, and for more ideas, hit "Like" and "Follow"!