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random analysis on ONT 4h time frame support and resistance lines are shown on the chart . ONT might having a bullish flag pattern on chart which is very rare in mid-cycle bear markets so i can't consider it a valid pattern for now . there are two bullish divergences as you can see blow : RSI bullish divergence MFI bullish divergence indicators and oscillators are giving mixed up signals for example : heikin ashi buy and sell is issuing BUY signal but STOCHASTIC RSI is showing signs of weakness and probable correction
by pmehdipour13
Can Dow Jones bears hold another lower high!?Hey Traders! We hope you all have had a fab weekend, before we begin this post we want to bring you attention to the related posts that can be found below, each of these posts is directed at video education on specific trading topics with each of them being useful to new or experience traders! Moving back to the post about DJ30 / US30: We are clearly in some special times right now because after over a year we finally have some fundamental action that might support a potential bearish trend in the world indices but not only do we have fundamentals, we also have technicals which suggest we have one of the BEST opportunities for shorts in a long time. I'll detail what this 1D chart of the Dow Jones tells us. 1) We have a wedge breakout, a contraction of price which is pushing towards the upside, at its top we have a lower high which was followed by a decent breakout. 2) Our fibs entry process suggests we could prepare ourselves for possible short entries on Monday, Tuesday or maybe even Wednesday, but that should be the threshold for downside 3) a major resistance (marked as "current main resistance") is right between the 30% and 21% of the current swing high to low As traders, and a community, we are more on the "proactive" trading side, where we wait for the right information and react to it accordingly, hence we will wait and zoom in on the hourly and minute charts before we execute our potential shorts which will most likely become compounded swing trades, but until that happens we will be taking buy positions which will be in the form of day trades, but again that highly depends on what we see when the markets open on Monday! What do you guys think will happen with DJ30?
OANDA:US30USDShort
by PrimedGroup
1
0.618 fib (golden pocket) $43,900 - $44,400 (BTC) Hello traders, Just wanted to pop in with a quick update. 0.618 fib is the area of interest for me (golden pocket) which could end up printing a lower high and continue the downtrend (the high being the area we rejected from, which is the retest of the broken uptrend) or stops get front ran causing liquidations it just depends on what whales end up doing. If we do reject and end up printing a lower low and sweeping the lows, 0.382 fib would be my area of interest. Will post updates to this post throughout price action. Please like/comment. 👍
INDEX:BTCUSDLong
by YurloTrades
7
ALICE big falling wedgeALICE in big falling wedge since the start of Sep. Indicators look like it's ready for a move up, but after a drop like this, it's more or less normal to look bullish after the smallest move up... So I wouldn't look only at indicators to enter this trade. The safest long entry would be a possible breakout retest of 11.62 level, it was significant support before and now we can expect it could be big resistance. Common sense tells us that if BTC dumps continue, this long idea will be most probably invalidated... If the next small support at 9.47 is lost we could take a short trade. Stay safe and good luck
by PhilosophersStone
BTC/USDT Finding the Dip?BTC was on an uptrend since the end of July 2021 after the massive correction between May-July. We can see BTC was very bullish with continuous green candles in the weekly chart until we hit 53k. Since that BTC started to correct. As lots of experts predicted this happen in September. At the moment BTC broke the 42k Local support and trading below. if we refer to Demand Index it is still positive and we can see a downtrend making LH and LL (Demand Index). This indicates that Bears is in control at the moment bring the buying pressure lower. So how low we can go? 1. Well we need a big green spike on the Volume indicator to reverse the trend and we haven't seen one since mid-August. 2. If we draw Fibonacci on weekly chat we can see the 50% correction 41k and we touched 40k. If we lose this support then the next stop is the 61.8% at 38k. Worst-case scenario next stop at 34k (78.6%) This is a prediction purely based on technical and I'm ignoring all the FUD news. In my opinion, 38k is the area where Whales are loading their cash and waiting to BUY. Only if the Bulls lose the battle at 41-42k. The best strategy is to do Dollar Cost Average from 42k to 38k and accumulate much as we can. Because If we hit 38k or below then we will see a huge bullish spike in volume that will liquidate major bears and create a domino effect. This means BTC could pump from 38k (or 34k) to 48k in a short period. This is not financial advice, please DYOR and maintain proper Risk Management strategy
by CryptoCafeClub
1
XRP retesting previous support: prepare for LONGThe live XRP price today is $0,90 USDT with a 24-hour trading volume of $4.008.592.011 USD, - 14,08% in the last 24 hours. Since the local top at 1.40$, price undergone a significant correction (-35%), which we were expecting after hitting multiple times upper level of Keltner channel. The prognosis for the next days is still bearish as price has fallen under 20/50/100 days EMA and looks now ready to test the level of 200 EMA. Bearish fractal appeared, MACD is still bearish but RSI index seems approaching oversold area. Personally I expect the price to test 88-89 area as support (200 EMA) which could fail, determining a decrease up to 0.81-0.82 level, which represents the resistance oh 4h chart. This can be a good entry point for long position . Wait for confirmation of bullish fractal (red triangle) and a reversal in RSI trend. POSITION: LONG ENTRY PRICE: <0.83 TARGETS: 0.92 / 1.07-1.12 / 1.24-1.30 / 1.47 / 1.54-1.64 / STOPPLOSS: 0.675 Keep in mind that altcoin markets are always strongly influenced by BTC performance, therefore after the BTC bearish divergence playing out we can expect another dump also for XRP, possibly TO $ 0.75 area. ____________________________________ NOT FINANCIAL ADVICE
Long
by vf_investment