sp to a new LH??sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume in the second half of September has been quite above average so doest have to be considered so hi.
short term trade 1/2 days, let's see what sunday night(cet) tells us
Shortterm
BTC Long Term OutlookThis is a look into the bitcoin long term outlook. Looking at Elliot's Wave Theory. BTC is currently in a bear market and will take a while to move back into a bull cycle. The sell off we witnessed from the high's was a significant push to the downside. We don't jus automatically move into a bull market after this sell off. Unless you have the help of the Federal Reserve where they can pump money into the economy. BTC is all about supply and demand. It will take time for the demand to build back up after a sell off, ideally at much lower prices where we can accumulate. This is a 3-5 year outlook so let's see how this works out.
JK Tyre at Resistance Zone - Short OpportunityHi Traders,
As you can see in the above chart , JK Tyre CMP is Rs.153.40/- and currently price is at resistance zone and you can take the short trade at CMP on Monday market after observing first 1 hour candle (it should be in downward direction -Red candle, then only take the trade) and target can be Rs.130 to 125 (Profit per share is Rs.23.4 to 28.4) and stop loss is based on your risk appetite.
Otherwise, if the price on Monday breaks the resistance zone in the upward direction then there is a another strong resistance zone at Rs.185 to 195, wait until price enters the resistance zone. After price enter the resistance, if a candle (1 hour candle-Red candle should be formed ) is formed in downward direction and closes below the Resistance zone (i.e. below Rs.185/-) then you can take the short trade and target is Rs.135 to 130 (Profit per share is Rs.50 to 55) and stop loss is based on your risk appetite.
This analysis is for short term trade (i.e. Positional trade) and not for intraday trade.
Note:
This is not a financial advice, please trade at your own risk.
Thank you. Enjoy the trade.
GBPUSD Short-term Buy and Long Term SellLong-term Sell
Triple confirmation:
1. Level 1.37500
2. Trend line re-test
3. Zone Retest
Enter short on:
1. A confirmation bearish candle as price fails
2. Break of counter-trend line (Once Formed)
ADDITIONAL CONFIRMATION: Look for strength of the USD on the DXY
Short-Term Buy
Short-term counter trend trade possible off level 1.37000 (Buy)
- Look for slight weakness on DXY
- Wait for bullish confirmation on level 1.37000
*Price may also go lower towards previous liquidity area around 1.36800-1.36822
Next price target for Hex in the short term is 0,66$!Hello, Trader. Today HEX hit the 0,50 cent, from here is the 1$ only 2x and the chart make a new Signal!
The Signal on the chart is a Ascending Triangle and this is a bullish pattern. After the brakeout the next price target for HEX is 0,66 $.
Dont miss the chance again like bitcoin. BTC make in 12 years 6.000.000x. HEX is design to out perform btc and make the 6.000.000x earlier.
CARDANO | ADA | Short TermHi Guys 🍀
I'm Emily and I hope this analysis can help you.
As we can see ADA has just hit support on Fibonacci and BB levels. I think the price is going sideways for a while due to the neutral market volumes. MACD looks undecided too so why not just wait a couple of hours to make a better move and beat the market?
Blue lines show support and Red lines show resistance. So we have 2 supports and 1 resistance which can control the price to go sideways for a while until one of them breaks.
Tell me if this chart helped you
Don't forget to hit like and drop comments 💚
BTC update. Short term-15min
The current price is 47k and the current BTC price has created a short-term drop pattern. If the current price falls below 47200, it is likely to fall back to 46k. Otherwise, the price may go up again from dot lines. However, if the current price goes above 48k, this pattern will be invalid
Bitcoin 4h Chart - Expected SituationsA pullback expected to near $47k
Next stop will be around $49300 and the price will range at there.
There are two options for the price after touching $49k:
- option 1: it will raise up to $51500 and will try to break the trend 1
- option 2: it fall down to $47k and test the trend 2 trendline again
Trend Key Points Indicator have been used to draw important key levels and key points.
Copper Wyckoff distribution idea!Hello my beauties.
The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards.
For all the ones that have taken the trade already, good job!
Copper has just entered a phase of distribution and I want to profit from it while it's rangebound.
I will be long until the price reaches above the Buying Climax (BC).
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Resistance Breakout and 52w HighNSE:PIIND
had been consolidating between 3350 and 3457 7-8 trading sessions.
today it has given a breakout out of 3457 creating a 52w high.
the blue bullish trend line is acting a resistance now.
we can expect a further up-move if the trend line is broken, so one can enter above 3540 for a target of your liking.
SL can be kept below 3350.
Happy Trading!
GOLD WYCKOFF ACCUMULATION 30 MINS! BUY ON SUCCESSFUL RETEST!Hello my beauties!
A nice opportunity here as gold is set to break out of its range after a spring on a 1h/30m accumulation! Watch out and good luck, always wait for confirmation and don't be greedy!
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Descending ChanelIts possible we see price break above the channel and print a bullish flag which then will go and retest 48-50k in my opinion. The likelihood that this will fall below where are now depends on many things that can occur at anytime including the news and whatnot. I am seeing buying volume increasing which may indicate that bulls are getting their confidence back to fight the bears back but it seems that bears wait at key levels to destroy momentum in anticipation of a lower low and possibly into the 40k's.
I have seen this pattern before during the covid drop and the drop from 10k that caused my Binance platform to malfunction due to the liquidations. In either case, the price recovered from a point ABOVE the huge red wick that we are seeing here now. Also, the Spent Output Ratio is showing green ticks so this price can't be too bad.