EURUSD-Weekly Market Analysis-May22,Wk31.0415 is an important level for both trend traders and counter-trend traders. Should that level holds, trend traders will jump in to short the market, if that level fails to hold, counter-trend trends will jump into the trade.
You can set an alert at that level and observe how the market reacts and take your action accordingly.
Resistance_level
Targets and stop loss ETH for the coming hoursHello everyone, let's take a look at the ETH to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the triangle of the downturn channel.
Let's start by designating short term stop losses, as you can see:
SL1 - $ 2014,
SL2 - $ 1973
and
SL3 - $ 1933.
Now let's move on to determining the targets that we should take into account in the coming hours:
T1 - $ 2,085,
T2 - $ 2,153
and
T3 - $ 2,225.
Looking at the CHOP indicator, we can see that at the 4H interval, the energy starts to rise again, while the MACD indicator shows an uptrend.
BTC returns to the support zone after a strong correctionHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price has dropped and remains just below the uptrend.
Let's start with the designation of the support line and as you can see the first is a fundamental support zone from $ 31,251 to $ 28,798, if the support breaks down, the next is $ 25,674.
Now let's move from the resistance line as you can see the first resistance is $ 31,858, if you can break it the next resistance will be $ 34,892 and $ 37,459.
Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, while the MACD indicator shows a downward trend.
BNB lost $300 support!Today BNB lost the crucial support zone between $303 -295. If this level had been held BNB would have had many chances to return in the consolidation area within a few days.
$300 support breakout occurred in relatively high volume.
Two & a half hours before the daily candle close and BNB is already fighting the next essential support at $300.
Unfortunately for the bulls, the probabilities are with the bears. (If this candle close near $260).
Next support and the most essential of all is at $212.
If you are still holding BNB it’s unwise to sell the dip. Even if the dip is at $212.
If you are looking for a good entry for short position, it’s not the good time. Wait for the $260 breakdown and the retest as resistance before making your moves.
This break occurred due to LUNA/UST events. Nothing more. (In the short term of course)
Crypto maker is in extreme fear and that’s more bullish than bearish.
Remember investing is a probability game.
Not a financial advice. Always do your own research.
LUNA rebounds after huge dropsHello everyone, let's take a look at the LUNA to USDT chart on a 15-minute time frame.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 3.22, if the support is broken, the next ones are $ 2.71 and $ 2.29 and $ 1.92.
Now let's move from the resistance line, as you can see the first resistance is $ 5.18, if you can break it the next resistance will be $ 7.97 and $ 10.22 plus $ 12.46.
It is worth remembering that LUNA is in a difficult situation, which makes the rate change dynamics very fast. We should be especially careful!
Bank Nifty Intraday StrategyHi Everyone :))
Hope you all are doing good...
Here is all the important levels of Banknifty...........
We can see very clearly that banknifty try to go up from the level of 34700-34800 but face selling from the upper side in the market...
Let's see How to trade today...........
1. If Banknifty open near the level of 34000 or go near the 34000 with out gap down opening then go for the CE till the levels 34400 then 34700
2. If Banknifty open near the level of 34700-34800 then go for the PE till the target of 34400 then 34000
That's all for the day remaining all the levels are marked in the chart very clearly so see chart carefully. Also make your trading system as simple as you can.....:))
Will ETH use energy to reverse the trend?Hello everyone, let's take a look at the ETH to USDT 1 week chart. As you can see, the price has dropped below the uptrend channel.
Let's start with the line of support and as you can see the first support in the near future is $ 2155, then we have a fundamental support zone from $ 1856 to $ 1694.
Now let's move from the resistance line as you can see the first resistance is $ 2,811, if you can break it the next resistance will be $ 3,195 and $ 3,528.
Looking at the CHOP indicator, we can see that in the interval of 1 week, despite the correction, we have a lot of energy.
Will BTC be able to rebound in the coming weeks?Hello everyone, let's take a look at the BTC to USDT chart in 1 week. As you can see, the price is approaching the uptrend line and we are at a point where price has already rebounded twice.
Let's start with the support line and as you can see we are currently in the support zone from $ 31,251 to $ 28,798, if the support breaks down the next is $ 17,910.
It is worth noting that we currently have a second correction around (55-56)%, it is possible that if the price remains in the support zone, we will experience another upward phase.
Now let's move on from the resistance line as the first resistance is $ 39,444, if you manage to break it, the next resistance will be $ 45,148 and $ 49,712.
Looking at the CHOP indicator, we can see that in Week 1 some energy has been used for the current price decline, but as you can see there is still a lot of energy left, so be careful.
BTC drops to around $ 34,000Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price has dropped below the local uptrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 34,330, if the support breaks, the next one is $ 32,887, then we have a fundamental support zone from $ 31,251 to $ 28,798.
Now let's move from the resistance line as you can see the first resistance is $ 37,519, if you can break it the next resistance will be $ 39,573 and $ 41,190.
Looking at the CHOP indicator, we can see that in the 1-day interval, despite the movement, there is still a lot of energy, while the MACD indicator shows a downward trend because the blue line crossed the red one from above and is below it.
SHIB in the support areaHello everyone, let's take a look at the SHIB to USDT chart in 1 hour. As you can see, the price is below the local downtrend line.
Let's start by marking the support line and as you can see the first Stop Loss that the price is currently based on is $ 0.00001981 in the case of a support break, the next Stop Loss to consider is $ 0.00001916 and the next one is $ 0.00001838.
Now let's move on to the goals we can set for the next few hours as you can see in the chart, the first goal is $ 0.00002001 and the next ones are $ 0.00002103, $ 0.00002186, $ 0.00002269.
Looking at the CHOP indicator, we can see that we have a lot of energy in the hourly interval, so it is worth being careful and securing your stop loss positions.
LUNA based on supportHello everyone, let's take a look at the LUNA to USDT chart over the 1 hour timeframe. As you can see, the price has dropped below the uptrend line.
Let's start by marking the support line and as you can see the first stop loss the price is currently basing on is SL1 - $ 72 if the support breaks, the next stop loss to consider is $ 59, and another is $ 43.
Now let's move on to the targets that we can set for the next few hours, as you can see on the chart, the first target is T1 - $ 75.51 and the next ones: T2 - $ 78.04, T3 - $ 80.02, T4 - $ 82.14, T5 - $ 85.04 and T6 - $ 88.33
Looking at the CHOP indicator, we can see that we have a lot of energy in the hourly interval, so it is worth being careful and hedging your stop loss positions.
BTC on a 1 hour interval SHORT!Hello everyone, let's take a look at the BTC to USDT chart in 1 hour timeframe. As you can see, the price is moving in the local downtrend channel.
Let's start with marking the support line and as you can see the first stop loss should be set at SL1 - $ 35,868, if the support breaks, the next stop loss that should be taken into account in the next few hours is: SL2 - $ 35698, SL3 - $ 35507, SL4 - 35260 $ and SL5 - $ 34508.
Now let's move on from the resistance line, as you can see, the first resistance is target 1 - $ 36,378, if you can break it, the next resistance will be target 2 - $ 37,058, the next one is target 3 - $ 37,631 and target 4 - $ 38,226.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1 hour interval, so it is worth being careful and securing your stop loss positions.
CRO close to supportHello everyone, let's take a look at the 1H CRO to USDT chart. As you can see, the price is moving below the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 0.2756, if the support breaks, the next one is SL2 - $ 0.2645 and SL3 - $ 0.2344.
Now let's move from the resistance line as you can see, the first resistance is T1 - $ 0.2959, if you manage to break it, the next resistance will be T2 - $ 0.3142 and T3 - $ 0.3297.
Looking at the CHOP indicator, we can see that the energy has been rebuilt in the 1H interval, so we can expect traffic in the coming hours.
It's worth remembering about stop loss!
DOT on support, three price targets possibleHello everyone, let's take a look at the 1H DOT to USDT chart. As you can see, the price is moving below the local downtrend line.
Let's start with marking the support line and as you can see the first support in the near future is $ 14.06, here it is worth setting the first stop loss, if the support breaks, the next support is at $ 12.75, here it is worth setting the second stop loss. Next we have a support zone from $ 11.36 to $ 8.07
Now let's move from the resistance line as you can see the first resistance is $ 16.19, if you can break it the next resistance will be $ 17.63 and $ 18.86.
Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy for new movement in the coming hours.
BTC POSSIBLE SHORT TARGETSHello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving in the local downtrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 35,917, if the support breaks down, the next one is $ 33,323.
Now let's move from the resistance line, as you can see, the first resistance is $ 36,393, if you can break it, the next resistance will be $ 37,106 and $ 37,646 and $ 38,208.
Looking at the CHOP indicator, we can see that we collected a lot of energy in the 1 hour interval, while the MACD indicator shows that we have turned back with the trend and the next move should be up.
4H USDJPY buyers setting sights on resistance retest?
Hi, trading view community. Looking at the $/J, the current 4-hour uptrend continues to trade above the range high, but the real test for us is above at 131.00.
Price looks to be struggling at this stage close to the European open. If we did see a new move back to and above 131.00, you would think that buyer momentum is back on track, and the current trend has further to run.
Today’s US employment figure could be a make or break after a very choppy two days of trade for the USD.
Good trading
LUNA reacts with a correction similar to BTCHello everyone, let's take a look at the LUNA to USDT chart on a 1 day time frame. As you can see, the price is moving above the local uptrend line, but is currently based on this line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 72, if the support breaks down, the next one is $ 59 and $ 43.
Now let's move from the resistance line as you can see the first resistance is $ 86, if you can break it the next resistance will be $ 92 and $ 97.
Looking at the CHOP indicator, we can see that a lot of energy has accumulated in the 1-day interval, but due to the BTC correction, the entire market reacts similarly.
BTC drops from $ 40,000 to around $ 36,600Hello everyone, let's take a look at the BTC to USDT chart over the 1 day timeframe. As you can see, the price has dropped below the local uptrend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 36,219, if the support breaks down, the next one is $ 32,927.
Now let's move from the resistance line as you can see the first resistance is $ 39,305, if you can break it the next resistance will be $ 40,951 and $ 42,392.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while on the MACD indykator the blue line is approaching the intersection of the red line from the top, this will confirm the continuation of the downward trend.
Ethereum ready to goETH is slightly on the support line (green/yellow around $2750) of an ascending channel (yellow oval). RSI is showing bullish divergence in some areas which indicates ETH is ready to go north. Right now it's at $2929 but we need to break the $3050 resistance first to confirm the start of a possible move next few days to higher levels ($3200, 3600 or maybe 4500). Any move to the downside of the $2929 support will invalidate this chart.
This is just my thought and not advice to enter a trade. Do your own research.
BNB is entering an uptrendHello everyone, let's take a look at the BNB to USDT chart on the 1D Interval. As you can see, the price is moving in the uptrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 380, if the support breaks down, the next one is $ 359.
Now let's move from the resistance line as you can see the first resistance is $ 407, if you can break it the next resistance will be $ 417 and $ 427.
Looking at the CHOP indicator, we can see that in the 1D interval we have a lot of energy, while the MACD indicator shows that the blue line has cut the red one from below, which may confirm the upward trend.
Has SOL completed the correction?Hello everyone, let's take a look at the SOL to USDT chart in 1 day. As you can see, the price moves in the triangle marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 73, if the support falls, the next one is $ 51 and $ 29.
Now let's move from the resistance line as you can see the first resistance is $ 98, if you can break it the next resistance will be $ 108 and $ 116.
Looking at the CHOP indicator, we can see that in the 1-day range we have less and less energy, while the MACD indicator shows that the blue line is just below the red one. Only when the blue line crosses the red line from below will we get confirmation of the upward trend change.