BNT is ranging since May 2021. Support that built at $2.66 on June was tested again one month later in the form of a fakeout. In January 2022, price passed through $2.66 and found strong resistance in the high demand zone between $2.30 – 2.08. In the 4H LTF, BNT was accumulated between 22 Jan. and 05 Feb. That in conjunction with the long tail candlesticks - in...
On the 1h time frame we have perfect falling wadge but i would not recommend you to trade the breakout because we are in a weekend and the volume is low. Instead i am trading this range between this to yellow lines bacause in the weekends we are mostly going sideways. We have also some tensions betwen Russia and Ukraine so i dont think btc is going to move before...
eurjpy sidways trend strong support area 128.40 buy.128.75 sl.128.31 tp.129.14/129.40
We will most likely see ADAUSDT range between 1.1-1.4 USD fundamentally for the rest of January. Cardano has been on a downtrend for the past 3-4 months and is looking for another break to the upside. Reasons - Highly anticipated launch of Sundaeswap which had some tx issues because of clogged network - Overall Crypto market in a dip - Tech stocks first drop...
Hi Bitcoin has created a narrow range in recent days. In general, due to the existing narrow range, I do not expect a change in the trend in this price range. To change the trend, based on Waikoff's theory and the range areas that have already changed trends, I expect a larger range area. It seems BTC is squeezing and creating a bearish triangle pattern above the...
A Bearish Bat Pattern has been completed in EURJPY. I'm waiting for a market retest at 131.26 for a shorting opportunity. What's nice about this trading setup is that the completion of the bat pattern is at the right shoulder of the previous Head and Shoulders formation. Manage to spot it?
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...
DAILY (D1) : On that time frame, the BTCUSD is moving in a broad sideways channel (46'650 - 50'500); nevertheless, pressure remains on the downside as current level is still : 1) below the Mid Bollinger Band 2) below the primary downtrend line resistance 3) below the Kijun-Sen Watch Tenkan-Sen (@48'500), roughly in the middle of the sideways channel above...
Hello traders, USDCAD is still on the bullish trend on daily chart. On 6h chart, looking for sideways before new leg to bull again to break fibo 1.27 1.27000. For last idea, USDCAD did not go that low to make a double bottom. Buyers are likely to push price up again this week. RISK LOWER THAN YOUR TOLERANCE: Suggested Risk <5% Your Real Entry Position Will...
Hi everyone ADA price now still moving into a channel downward and green area on the chart shows best area to accumulate the coin. I personally think 1.5$ is a very strong support level to hold the price and push it upward. so between 1.85$ and 1.5$ is fair price to buy. if a high volume comes now we may see good upward pressure but as long as BTC not move...
Price is in a strong downtrend. Momentum is pulling it down. However, the tail wick of this the Months candlestick has pulled back up to the support line. This could mean we have found a support in this price range. Look for the channel to break and possible sideways action for the big boys to accumulate shares. May rise slightly or fall slightly, but...
Hello traders, GBPJPY did make some small range pullback last week. But it found support again. This time, it could make a double test of gold dash resistance zone first. And new plan for breakingout or correction would really depend on the price action hitting that dash line. We would expect no selling plan before any strong double top pattern. 160 WOULD...
As you observed that FED and other bombastic events couldn't create a big difference in gold market. I closely observed the xauusd market. According to my point of view, Gold can maintain sideways pattern. Strong resistance area is 1950 and strong support area is 1690. The only reason that can increase gold rate is inflation. Some new reports shows that...
Hello traders, USOIL is not a easy one to trade this week. But it is showing sort of sign of ending correction soon. This correction could be a double test of the support and rise up to breakout to test fibo 1.27, 86.30later. Or it is possible to make a double top on 4h chart to make a deeper correction down to next support level before rising up again....
Today we are going to look at the 4 hours chart. Currently catch in a sideways broad 47'500-50'000 trading range. Indeed, after having filled the triangle technical target @ 49'421, the BTC pushed still a little bit higher towards an intraday high so far @ 49'811, being unable, so far to break the psychological 50'000 important resistance level. In addition,...
There are a couple of trading opportunities in the GBPUSD even only in the 1-hourly chart, I'll give you a few possibilities. A retest on the resistance line(red line) and if the candle didn't break and close above the red line, you can wait for a shorting opportunity. If the market retest at 1.3769, we have a Bullish Shark buying opportunity within the buy zone.
Hello traders, This is a plan based on daily chart for EURUSD next week. We are now looking for a trend continuation down to test daily support zone. The purple arrow is current daily swing looking for. But this could be sideways price action after the blue grand swing with 5 waves. So the 1st support level should be 1.1700. Wait for next entry signal to open...
A Bearish Gartley Pattern that can only form up on 1230(UTC+3) or 1730(GMT+8) for a sideway consolidation shorting opportunity. The thing about harmonic patterns, it has specific rules.