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Sidewaysconsolidation

EURUSD Analysis -Wait for Break!Welcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** EURUSD is presently moving sideways and we expect the bearish trend to slow down with the approach of year end. Listen to video for full analysis! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
URANIUM - URA - MED/LONG TERM STRAT BUYLooking at the daily picture, we can identify several important information : 1) caught in a $ 23.00 - $ 25.50 trading range 2) mix of a double bottom and double top 3) currently below the Mid Bollinger Band 4) in the middle of the sideways trading range above mentioned. 5) supported by the former uptrend support line (in green) 6) still below the ongoing resistance line (in blue) Nevertheless, recent price action from the former high @ $ 28.68 towards $ 23.00 should be seen as an healthy consolidation move and not as a trend reversal. Therefore, having in mind a med/long term buy strategy, dips should be seen as a good opportunity to increase the existing long exposure for those who are already long or to initiate new positions for the others. TRUST ME.. there is a STRONG STORY behind and it is only the beginning of the story... Have a look at the monthly picture and you will see the upside potential, it is huge !!! Last but not least, the better vehicle to invest in the URANIUM theme is the following : Strategy Certificate on U3O8 RENAISSANCE Portfolio Underlying: U3O8 RENAISSANCE Portfolio SSPA/EUSIPA Product Type Tracker Certificates (1300) ISIN: CH0441692628 /Valor: 44169262 Last price (05.10.2021) $ 1'987.05 Best Ironman8848
AMEX:URALong
by Ironman8848
POSSIBLE SCENARIOS FOR BTC!! $39K/$46K?Hello folks, Welcome to this another important post on BTC price in 4 hours timeframe. Thank you for being so supportive of this community. It’s an honor to serve you guys with quality content and charts. Let's roll back to the chart. Yesterday's -9.8% drop wasn't expected at all. Everything was working fine and I personally expected BTC to reach $46k but these FUDs messed up everything. Still, being a trader, we must be prepared for any kind of situations. Now, as you can see in the present chart that BTC is struggling to break above the 21 MA which is not good. For BTC to continue its upward rally a breakthrough from $40k to $46k is much needed. The daily close was above the $42k which was a relief but things are still under pressure. The present chart is reflecting 3 possible scenarios: Scenario 1: If BTC breaks above the 21 MA and continues towards the $46k - Once we see the BTC price at $46k, we would reach a very crucial point where if it breaks the $46k resistance, we may see a good rally towards the $50k, and on the other hand if it gets rejected then a pullback towards $44k to $40k will be the result. Scenario 2: If BTC will get rejected from the 21 MA - A rejection will end up dropping the price towards the $39k level to continue the pattern. Once we reach this level, a bounce will be much needed to pull back the price but a further breakdown will be horrifying. Scenario 3: If BTC goes sideways - BTC has formed support (the dotted line) and you can see in the chart how it has respected the support line and always bounced back. In this 3rd scenario, it is likely possible that BTC could show some sideways consolidation respecting the support line and then a good bounce towards the $44k to $46k range. To be honest, if you ask me to choose my biased side, I would lean towards the 3rd scenario but being a trader, I am always prepared for anything that will happen. What do you think about the BTC price move? Which scenario will you choose? Do you think there are more possible ways that BTC could move? Do let me know your ideas and thoughts in the comment box. Do hit the like button and share your views. Every single likes and comment are highly appreciated and it motivates me to post more quality updates. See you guys soon with a new update.
BITSTAMP:BTCUSD
by Dexter_The_Trader
1
NVDA: You must pay attention to these key points now!Hello traders and investors! Let’s see how NVDA is doing today! Since our previous study, last week, I told you that I wasn’t convinced of anything on NVDA, and this purple trendline was one of the reasons. Today, NVDA is retesting it for the sixth time , but unlike a week ago, this time we have more chances of defeating it ( link to my previous analysis is below this post, as always ). What NVDA did can be considered a sideways correction , and the stock spent the last week accumulating its energies before another breakout. By defeating the purple trendline, the $ 198.80 is the next target, and a key point seen in the daily chart. The $ 198.80 is a pivot point seen in the daily chart, and if defeated, it’ll lead NVDA to the ATH, or even above it. Honestly, I think NVDA should spend more time accumulating, but if the momentum is strong (like we see on AAPL), it’ll be very hard for it to drop. On the other hand, if we lose the $ 187.41 we’ll create a bearish structure , and seek the 38.2% Fibonacci’s Retracement again. Either way, the volume is still quite low, and we must see it increasing in the next few days. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if you liked it! Thank you very much!
NASDAQ:NVDA
by Nathan_Black
LINK/USD, FOMO is Still in the AirMy Last Analysis on LINK/USD, has reenacted somewhat similar, and I pulled out at 7,1ish. Overall I don't think greed for LINK/USD is not over yet and FOMO is in the air. I advise we all just stay calm and be rational, LINK just reached its all-time high, it doesn't sound logical that it will go any higher in upcoming weeks. I would say a ranging market to appear would be more logical if LINK able to maintain its value than going on a higher price. For those that wish to trade in the current situation, you are welcome to use this as your references: From here we could identify 3 key levels for LINK; 8,1ish, 7,6ish, and 7,1ish. Here another bonus
by RX_Wolf