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Retest-structure

BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. After the positive news of Grayscale's wins against the SEC, the market broke the long boring range. But the question is, is this enough to start a bullish rally? Let's find out.... As you see in the chart, BTC is forming a rising wedge-like structure in the daily time frame and it broke down. Now looks like it is going for a bearish retest. We have a very strong resistance at the $28k- FWB:29K level. As of now price showing initial rejection from this level but in the short term we might see another test of this zone and after that real fall begins. Overall the structure looks bearish. In the short term, we might see some greenery for a few days and after that another dump. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
7
USDJPY uptrend scalp to higher highThe daily closed bullish but with some buy exhaustion which led me to believe that there still some bullish momentum but not much. The 1H made a clear higher high and decided to hold at its lows but created some bullish reversal signals on top of support. The moving avergae plays as support as well. Upon the breach of a 30min correction trendline. I believe price is on its way back to test its high or create a new one. Afterall, this is an overall uptrend.
Long
by DesharedPierreJr.
1
Virgin Galactic - SPCE outlook showing signs of strengthLooking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50. On the run up it rejected the 6.50 price and came back mid day to the 4.50 level. The Fixed range volume profile showed from 4.04 to 6.50 on the initial the point of control was shifted to 6.50 where most volume was traded at the top. It showed a new level of support based on the visible range volume profile after it was rejected in the 4.81 - 4.63 range which to me was a buy zone. Even if it drops a little bit im okay with the risk to reward ratio with calls out to July 7th. I wanted to get in it but I wasn't going to buy in at the top. The visible range volume profile showed me that most the volume came from these price levels. The fixed So I took the trade and look for a momentum run up in anticipation of the commercial flight between june 27th and june 30th. The blue horizontal lines represent my take profit levels with the first retesting the 6.50 level. If price moves agressive I'm looking for it to close gaps from the prior months. The closer to launch date I can see it running up because people don't want to miss the run and a lot of buying pressure should be coming in up to these dates. Not to mention there's another flight shortly after in July I believe if there are no delays. We will see how this plays out. My calls don't expire until July 7th after the first flight if there are no delays. Thanks for taking the time out to read this. Trade responsible, Jay #TradeTheWave
NYSE:SPCELong
by FinesseTheWave
Matic 🛤️ Break + Retest 1.0069?Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755. Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
COINBASE:MATICUSDShort
by ShrewdCatfx
GOLD H4Hello traders, watch GOLD to break the support wait for price retest and look for a short position opportunity, if price hold the support and didn't break watch price to break the 50 moving average and look for a long position opportunity. This is my analysis and view about GOLD. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck and good trading.
OANDA:XAUUSD
by TheLoserMan
1
Potential stock SONA BLW After fall from 840 to 400 The stock now seems to be prepared for a stronger upmove from here as the chart shows.. The fundamental of the company are somewhat okay but the shareholding changes in the recent years can't be ignored but to me chart is superior.. So buy above 480 TGT 620-700-ATH SL can be placed at 390 Note: Do your analysis this is not any personal recommendation for the mentioned stock for buying or selling with me. It's just for educational purpose and backtesting .. also i have the share from very low levels 🚩
NSE:SONACOMSLong
by Paras_gujjar
8
The Last Drop of ETHHello traders, A one more drop is coming before creating a new high, ETH is setting up for a drop its showing me a lot of weakness on the weekly timeframe. i am waiting for ethereum to drop and buy from the low price as much as possible, the price area that i am looking for is around 500 it will take time not a few days or few weeks analysis so patience is the key to succeed. In the weekly timeframe price is formed head and shoulder pattern now price is going to retest that and drop from there, the area that i mentioned in the chart is around 500 to buy the ethereum for the long run, now ethereum is just going up and every one is wanted to enter in the market and try to make some profits but i am pretty much sure that this is going to be drop before creating a new high of all time and i am just basically waiting for that. This is my analysis and view about ethereum. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
Short
by TheLoserMan
GOLD H4Hello traders, GOLD is setting up for a potential upside move watch price to hold the 50 SMA and look for a long position opportunity, in case if price break the 50 SMA and also the yellow box resistance become support area then i will be looking GOLD for a long position opportunity around 1965 level. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
OANDA:XAUUSDLong
by TheLoserMan