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.
Shortterm
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.
Daily ETH 1HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair USDT, using the time interval of one hour. First of all, with the help of blue lines, we can mark the sideways trend channel from which the price moved decisively downwards.
Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $ 1965.16, as the second support we will mark the strong zone from $ 1939 to $ 1896, the third at $ 1865.93, and then we have the fourth support at priced at $ 1827.68.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first resistance at $ 2031.12, going further we have a strong resistance zone from $ 2073 to $ 2107 if the price goes up we have the third resistance at $2141.05 and then the fourth resistance at $ 2189.54.
The CHOP index indicates that the energy has been used up and is slowly starting to rebound. The MACD indicator remains in a downtrend. On the other hand, on the RSI we could see a rebound and we see that we are staying below the lower limit of the range, which may indicate a temporary sideways trend and moments of rest.
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is staying above the local uptrend line.
Let's start by drawing a support line in a situation where the correction will deepen, the first support in the near future is TSE:1942 , if the support is broken then the next support is HKEX:1915 , HKEX:1895 and $1871.
Now let's move on to the resistance line, as you can see the first resistance is TWSE:2029 , if you manage to break it, the next resistance will be TSE:2072 , TSE:2107 and $2140.
Looking at the CHOP indicator, we see that the energy has been used up on the short interval, the MACD confirms the local downtrend, while the RSI shows a strong rebound to the lower end of the range, which can give some rest.
AUDNZD reversal from top of range - short-termPair created a bear pinbar on top of range traced back to beginning of March. Setup two trades aiming at trendline resistance coming from outside range (OSR) and a second aiming at bottom of range.
In this particular case, thread carefully as last daily bar was extremely strong. Very small position, I will personally only open one small position and check back at how markets react.
Daily BNB 4HChart - 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 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 $333.4, if the support is broken then the next support is $326.4, $320.9 and $315.1.
Now let's move to the resistance line, as you can see the first resistance is $ 344, if you manage to break it, the next resistance will be $348.4, $352.7 and $359.
Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the local uptrend, while the RSI has crossed the upper limit again, which may result in a temporary price rebound.
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. 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 $ 2065, if the support is broken then the next support is $ 2024, $ 1990 and $ 1958.
Now let's move on to the resistance line, and here we first have a resistance zone from $ 2111 to $ 2129, if it breaks out the next resistance will be $ 2182 and $ 2269.
Looking at the CHOP indicator, we see that the energy is gaining strength, the MACD indicates entering a local downtrend, while the RSI remains at the upper limit, which may also indicate the need for a price rebound.
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving in the upper limit.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support at $ 30592, when we go lower, the second support is at $ 30318, then we have a strong support zone from $ 30072 to $ 29826, and then support at $ 29523.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. The price must first break the first resistance at $ 30911, when it manages to break the second resistance is at $ 31311, then $ 31694 and then the resistance at $ 32258.
Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the maintenance of the local uptrend, while the RSI is moving above the upper limit of the range, despite slight increases, we can still expect an upcoming rebound that will cool down the indicators before further increases.
Daily BNB 4HChart - resistance and support - shorttermHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. 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 $ 332, if the support is broken then the next support is $ 329, $ 327 and $ 325.
Now let's move to the resistance line, as you can see the first resistance is $ 336, if you manage to break it, the next resistance will be $ 339, $ 341 and $ 343.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an uptrend, while the RSI is moving above the upper limit, which may affect the price correction.
DOW JONES Technical view on what chart is trying to say.DJ:DJI
A reliable thing on which almost all investors believe in to know the trends of the market weather it will be upside or in the down side in the short term. so here it is a basic outlook of what I think looking at the chart of our fav index Dow jones which tell us so many things at ones and sometimes says nothing.
This is the time where we have to understand it better that market condition based on the economy level is very weak we cannot expect a big really from here to the upside even after it has tested its important trendline recently on the 15th of march after 5 days of collapse of the SVB (silicon valley bank) after which common expectations should be of a crash in the market which has not been seen yet or i guess it has been just postponed for a while by the US fed by promising all its customer that they will get there deposits back that too 100% of the amount they have with the bank. and 97% of account there had more deposit than the amount that is insured by the government at the time of collapse of any bank. so to the point to fulfil the promise of the government at the time of inflation and economic crises nearly already smart ass US government printed more dollars in order to give it back to the depositors and maintain there promise as well as trust of people on banking system.
Above phase is just to make you understand the economic outlook at this period of time because based on economic factors only technical theory can be supported. now coming to the technical part of the index as we were discussing above on 15th of march as you can see on the chart important trend line has been tested once and then it has started moving upwards which is supported by the fed news of printing more notes and pumping it in the economy. after the support now price will tell the next resistance level of around 34500. we can consider a short term upward move due to the extra dollar printing up to 36000 and 36800. this is same situation as we saw in the times of pandemic when people got cash credits on which market reacted positive and gave us a big bull rally and new highs. we cannot expect new high because now the situation is same but not the economy, there is inflation now which was already at high and expected to go more in coming time of June and July and then soon we see a correction flush of all the extra money and a red color splashing all over the markets.
This was my over look of Dow jones on bases of economic and technical view hope this can help you read the chart more easily.
Thankyou,
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. 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 $30135, if the support is broken then the next support is $29849, $ 29615 and $29374.
Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $30435, if it manages to break it, the next resistance will be $30917, $31313 and $31700.
Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD indicates the maintenance of the local downtrend, while the RSI is very high, which may give the price a rebound.
buying an $ID for the short term seems risky In the current state, buying an AMEX:ID for the short term seems risky to me. If there is a pullback to the yellow zone and the overall market conditions are good, it could be a suitable entry point. However, if the market conditions are not favorable, it may act like that red arrow
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has gone up from the triangle.
Let's start with the support line and as you can see the first support in the near future is $29971, if the support is broken then the next support is $29689, $29462 and $29222.
Now let's move on to the resistance line, as you can see the first resistance is $30540, if you manage to break it, the next resistance will be $31001, $31386 and $31754.
Looking at the CHOP indicator, we see that the energy has been consumed, the MACD confirms the upward trend, while the RSI has strongly exceeded the upper limit of the range, which may affect the price correction.
Don't Buy AAPL in Short TermAs we can see in the above weekly charter, Apple(AAPL) is doing a correction in wave (C) in black to complete the wave II in red. The wave (C) will be done in wave 5 in blue.
- ALERT: We expect Smart Buyers will appear around $140~142
- Apple(AAPL) has a strong correlation with NASDAQ and this also shows the similar structure. We need to continue following this correlation.
Don't Sell Gold(XAU) in Short Term And Wait to Buy in Long TermIn the above Daily Chart, we've forecasted a marginal high of Gold(XAU) to around 2,060 and from this level we expect a correction ABC to around 1,800 where the smart buyers must appear with higher probabilities. In weekly(W) time frame, Gold(XAU) has a bullish structure .
BNB/USDT 1HInterval Resistance and Support SHORTTERMHello everyone, let's look at the BNB to USDT chart on a 1-hour timeframe. 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 in the near future is $311.8, if the support is broken then the next support is $308.6, $306.1 and $303.6.
Now let's move to the resistance line, as you can see the first resistance is $313.8, if you manage to break it, the next resistance will be $316.3. $318.4 and $320.4.
Looking at the CHOP indicator, we see that there is still energy left for further movement, the MACD indicates a local uptrend, while the RSI shows a large increase and a temporary price rebound.
Daily BTC 1HChart - resistance and supportHello everyone, let's 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 support line and as you can see the first support in the near future is HKEX:27807 , if the support is broken then the next support is HKEX:27573 and $27249.
Now let's move to the resistance line, as you can see the first resistance is HKEX:28262 , if you manage to break it, the next resistance will be $28581 and $28897.
Looking at the CHOP indicator, we see that there is a lot of energy, the MACD is on the verge of returning to an uptrend, while the RSI has room for price growth.
In Short Term BTC is BullishIn our daily chart, you can see in the orange circle wave 4 in blue and wave 2 in black which are edging buy area. The green Fibonacci Retracement 38.2% area shows the end of wave 4 which is a buy area once BTC(Bitcoin) is bullish in short term. Wave 2 is an edging buy area and we need to wait for some weeks to happen. Don't sell BTC(Bitcoin) in all time frames now . Next week, we'll update this chart again.