A CHAIN is only as strong as its weakest LINK (Short-Term view)My previous idea for LINK proposed that it would rise toward the upper resistance of the channel (see below) and indeed it moved toward it for a good profit.
LINK is now facing local resistance at ~27.55 and if we move to the 1h timeframe, we can see it rejected this area multiple times and has made a slightly lower high.
Depending on your risk appetite this can be interpreted in different ways but due to the conditions we are currently in, a cautious approach may limit poor decisions.
With LINK being one of the few fearless altcoins even with BTC falling, it is only a matter of time until it also feels BTCs power. I think we may have a rejection from the current area toward the green support at ~22 based on the resistance, RSI and BB's. As LINK approaches the support area it is a good idea to zoom into lower timeframes to look for buy setups.
Of course, LINK can continue to rise within the channel if BTC begins to recover and turn its new resistances into supports again but that seems unlikely for now.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments and thoughts below!
Shortterm
Short term Bitcoin bounce.Nothing falls on a straight line. In the short term Bitcoin will bounce to the 55EMA.
Here's the daily projection:
This is a 4H chart. Don't expect the price to start moving right after you buy or sell.
The result of this projection will be seen between 24 to 48 hours. Be patient.
Kia Kaha,
Rio.
XRPUSD What's Next? SHORT!Price is moving in a bearish channel and we can see it has been respected and showing signs of bearish pressure through multiple wick rejections .
In this week I will be looking for a selling opportunity around 0.8243 level if wee see a break below the low it will confirm our idea!
AUDUSD short to go long...Break and retest of lower timeframe triangle pattern within a horizontal channel. Break below horizontal channel will confirm bearish trend on lower timeframes (1H and below). I have weekly timeframe on a bullish bounce from recent swing low. Currently looking for pullback to downside for liquidity grabs before the continuation to the upside to next weekly area of interest (not shown on this chart). Anyone else with a similar idea? Definitely interested in your thoughts!
GBPJPY SHORT TERM SELLDivergence spotted in 1H TF and can be appreciated in 4H TF.
Our target is 153.7xx leve l, there is a high chance we reach this level by this week.
Trade ratio: 1,87 (Might increase if we enter in a higher level)
If it touch our SL we can wait for newer high as long (low probability, check my last analysis) as the curve in our indicator doesn't break the orange line on it.
ADANIPORTS - possible upward moveCMP Rs. P/E Mar Cap Rs.Cr. NP Prev Qtr Rs.Cr. NP Qtr Rs.Cr. PAT Ann Rs.Cr. PAT 12M Rs.Cr. ROE 3Yr % ROE 5Yr % ROE 10Yr %
739.10 27.77 150884.56 1306.69 951.71 4997.04 5432.46 16.86 18.52 19.99
1. The stock has moved out of the major support zone.
2. The price should sustain over 737.
3. Next hurdles 767 and 786
4. A move above these prices should see a move upwards to 800-900 levels
For Intraday
Buy above 738 for a target of 754-774 with a stop loss of 727
For Short Term
Buy above 738 for a target of 797-829 with a stop loss of 715
For Long Term
Buy above 738 for a target of 900 with a stop loss of 679
Read chart carefully for trades
**UPDATE** SHORT PULLBACK ON FTM/USDT **UPDATE** SHORT PULLBACK ON FTM/USDT
After a nice bull run and nice gains we should expect a few days of a pullback.
I belive the pullback will come after we test the 0.618fib, it might start now without test it.
Its a good time to take some profits and wait for the price to calm down.
FOR ME THE PULLBACK WILL BE A GREAT TIME TO ADD SOME MORE TO MY BAG! IM A HODLER!
***btw do your own research***
$T - Unorthodox Breakout Trade ThesisHistorically, $T is an extremely slow mover, which is why I was kind of shocked to see it as a potential breakout trade candidate.
For whatever reason, $T keeps aggressively rejecting off of 24.22, meaning that once these sells are cleared out, we're likely clear up to 24.64! Once 24.64 clears we see 25.00 rather quickly.
Although this move seems tiny on paper, if you play it with options, you can easily bag 200% gains in the blink of an eye.
If we clear 24.22, consider grabbing 12/23 24Cs or 12/23 25Cs, depending on your risk tolerance. GLHF!
Critical condition for market action, Short Term I go with LongConsidering the price has penetrated the MidTerm trendline for about 4 days, and also we have seen two consecutive Higher Highs and one Higher Low since Dec 20th after forming a triple bottom pattern in 4H time frame, I believe the short-term reversal has been confirmed.
Right now the short term trendline has been penetrated slightly which I believe is a fake one, Divergences indicators show divergence in many time frames eg, 1h and 4h.
Looking at RSI indicator and the beautiful descending trendline in 1h which is going to be broken soon is another confirmation of at least the short term bullish market.
GALA/USD Possible Buy Setup.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
ETHUSDT ONE DAY TFHI EVERYONE!!!
im here again... as i watch the movement of ETHUSDT DAY TF... i notice that there is a forming of descending channel
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing
resistance and support levels. The descending channel pattern is also known as a
“ falling channel ” or “ channel down “.
The upper line is identified first, as running along the highs and is called the trendline.
im searching about the meaning and i found out that chart pattern will be going down.. ( i hope not )
btw its only my beginners idea and base it only in my knowledge.
if you have any comments and also ideas please do share here... it really motivate me to improve my learning in chart reading.
THANKS!!!!
XRP LONG AND SHORT OPPORTUNITYCurrently XRP at Resistance level.
XRP is now trading above the $0.87 support area and showing little strength because of the airdrop news. The major support for XRP is $0.745-$0.78 area. The local resistance for XRP is $0.93 and major resistance is $1-$1.10 area. If XRP hold above $0.87 then we see a test of $1 resistance area.
Hope you find it usefull.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!