BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support that is currently holding the price is $305.9, if the support is broken then the next support is $298.6, $292.9 and $287.1.
Now let's move on to the resistance line, as you can see the first resistance is $313.1, if you manage to break it, the next resistance will be $320.4, $326.3 and $332.6.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates that the local uptrend is maintained, while the RSI is in the lower part, although the price may go a little lower, there is a lot of room for growth.
Shortterm
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price has fallen below the local uptrend line.
Let's start with the support line and as you can see the first strong support at which the price is currently located is $1858, if the support is broken then the next support is $1840, the third at $1816 and then the fourth at $1747.
Now let's go to the resistance line, as you can see the first resistance is $1896, if you manage to break it, the next resistance will be $1921, $1941 and $1960.
It is worth noting that the price is above the EMA Cross 200, which means it will remain in an uptrend.
The CHOP index indicates that there is a lot of energy to be used, the MACD indicates a local downtrend, while the RSI has a strong rebound, so we can see an increase in the price in the coming hours.
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $27659, if the support is broken then the next support is $27461, $27184 and $26837.
Now let's move to the resistance line, as you can see the first resistance is $28129, if you manage to break it, the next resistance will be $28509, $28816 and $29113.
Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD indicates entering a local downtrend, while the RSI has a rebound, but there is room for the price to go a little lower in the coming hours.
XRP/USDT 4HInterval check the current situationHello everyone, I invite you to review the XRP chart on the four-hour interval. As we can see, the price has broken the downtrend channel marked with blue lines.
Let's start by marking the price support areas and we see that we first have strong support at $0.45, but if the price moves lower, we can mark a strong support zone from $0.43 to $0.42, then support at $0.42 $0.40.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting a strong zone from $0.48 to $0.49. We continue to have a strong resistance at $0.50, once the price breaks it it will move towards the resistance at $0.55.
At this point, it is worth noting that the place of the first support is also the point through which the EMA Cross 200 is currently passing.
The CHOP index indicates that there is still some energy left, the MACD indicates the continuation of the upward trend, while the RSI goes above the upper limit, which will most likely end with a price correction.
BNB/USDT SHORTTERM Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $312, if the support is broken then the next support is $310, and then we have a support zone from $308 to $306.
Now let's go from the resistance line, as you can see the first resistance is $316, if you manage to break it, the next resistance will be $318 and $320.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates the maintenance of the local uptrend, while when the RSI touched the upper limit, it gave a price correction.
Zomato can zoom till 30%the stock has corrected more than 60% since listing.
after digesting listing move, the stock formed triangle pattern (consolidation zone) on weekly TF and broke it out successfully.
RSI above 60 is also confirming bullish momentum.
Fresh long position can be initiated above 68.5 with the stoploss of 64.
our expected targets are 74.5-85 in short term.
holding period should be 2weeks to 8 weeks.
EURUSD | 30min | Trade Idea Looking at EURUSD on the 30 Minute & 1 Hour chart we can notice that EURUSD broke out of our short term trend and has started headed up, no looking to the right, we can expect EURUSD to push down to create/confirm a new minor support level for the short-term before pushing up for a potential +100 / +140 pips.
SLB is breaking out of a head and shoulders patternIn this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart.
I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some profit from an eventual falling in prices. The put information is in the gray text in the chart.
DDOG - Rising Trend Channel [MID TERM]- DDOG as broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- DDOG has broken a resistance level and given a positive signal for the long-term trading range.
- DDOG has marginally broken up through resistance at 87.00.
- Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
BTCUSD I Potential local short from resistanceWelcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NO MORE MONEY?Rates on short-dated bills have soared ahead of the so-called ‘X-date’ early next month, after Treasury Secretary Janet Yellen warned last week that the government could run out of cash as soon as June 1.
It's worth noting that the debt ceiling issue has arisen multiple times over the years, and each time it has ultimately been resolved. While it's impossible to predict the outcome of the current situation, historical precedent suggests that it is likely to be resolved eventually. For investors with a high risk tolerance, buying short-term T-bills now could be a smart move that provides a higher rate of return than longer-term Treasury bonds.
One notable example of a similar situation occurred in 2011, when the US government faced a potential default due to a political standoff over raising the debt ceiling. The prospect of a default caused investors to fear that the government would not be able to meet its financial obligations, leading to a rise in short-term interest rates.
In the weeks leading up to the deadline, yields on one-month T-bills increased from around 0.02% to over 0.25%, while yields on three-month and six-month T-bills also rose significantly. However, once the debt ceiling was eventually raised, the yields on these short-term Treasuries returned to more typical levels.
Investors who had bought short-term Treasuries during this period would have seen a significant increase in yield, providing a lucrative opportunity. Similarly, the current debt ceiling issue could present a similar opportunity for investors who are willing to take on the associated risk.
$CVNA-Regular Divergence Indicates Potential Bearish OpportunityCarvana ( NYSE:CVNA ), the innovative online used car retailer, has recently shown signs of a regular bearish divergence on its chart, indicating a potential reversal in its current trend. With an identified entry, stop loss, and take profit points, we could be looking at a shorting opportunity here.
Technical Indicators:
The regular bearish divergence, circled in yellow on the chart, suggests a weakening in the current uptrend. This pattern is often a sign of a potential upcoming bearish phase, making it an opportunity for short sellers.
Trade Setup:
Here's a potential trading setup based on the current technical indicators:
- Entry Price: 12.56
- Stop Loss: 13.70
- Take Profit 1: 10.77
- Take Profit 2: 9.13
This setup offers a good risk to reward ratio. The stop loss is set above the recent swing high, limiting potential losses if the price unexpectedly rises. The two take profit points allow for managing the trade more efficiently, taking some profit at the first target and letting the rest run if the price continues to move favorably.
Options Play:
For those interested in options, a Put option expiring on May 19th with a strike price of $10 could be a potential play. This would gain value if NYSE:CVNA stock price decreases, aligning with the bearish divergence.
NYSE:CVNA current technical setup suggests a potential bearish opportunity. However, as always, it's essential to manage risk effectively and ensure the trade aligns with your overall trading strategy.
*Note: This analysis is for informational purposes only. Always do your own research and consult with a professional advisor before making investment decisions.*
AUDUSD Potential Short positionAUDUSD is in bearish trend if we are looking at 1H timeframe.
Zoom in to 15-minute timeframe, we are seeing short position opportunity if the price breaks its trendline support.
Despite unexpected news this morning related to Australian dollar which brings strong good momentum for all AUD pairs, the momentum seem weakens in USA trading hours.
I am expecting AUDUSD to continue its major trend (bearish) and forming descending broadening wedge pattern.
Happy profit!
Good luck!
What is ETH Direction A complete triangle pattern is evident, but according to the current situation and movements of Bitcoin, it is not possible to definitively predict the movement of Ethereum, although I believe that depending on the movement of Bitcoin, one of the two price movements that I have specified in the chart will happen.
MSFT - Broken Ceiling Falling Channel- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- MSFT has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- In case of a negative reaction, the stock has support at approximately 277.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
AMZN breaking down (30 min)As we see Amazon break through the cloud to the downside we should expect more downside to come into next week.. I would play this to the downside until, or if we break the horizontal line which is resistance to the upside. It is possible we test that line and then break down or we just see it keep breaking down from the price it is at now. The good thing is we have broken out of the cloud and should see momentum continue to the downside. Always have a stop loss and it tight.
BTC filling a gap to fall - now bearishIs BTC gambling?, nevertheless has been a good opp to see many hedge funds, fortunes investing a huge amount of money.
Let's see if the FVG is there or not.
The great day will on Wednesday next week. Fed interest decision.
This is not a financial, is just for fun.
Enjoy, and use always Stop Loss. Your money is limited.