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SHIB/USDT 1D. Current situation. Triangle. Breakout. Mems pump.SHIBA INU/USDT 1D. Daily chart. Middleterm trend - horizontal channel. Price is now being in the support zone of this channel. Symmetrical triangle formed. Price now broke out the resistance of this triangle. Accumulating as for now. Other memes are pumping one after another. Those coins often pump before market local correction. This one highly connected with doge, as the main memcoin. This, as the one of the most liquid, will likely pump the last(for example, now LADYS is pumping). Triangle has been forming for more then 300 days. Now broke out. Price is a bit higher than the previous accumulation zone(2021), after which there was pump. This idea is mostly for price monitoring and understanding what's happening on the coin. It's also very important as to count with enormous pump from the bottom(ain't seen on the chart).
Long
by Ivan3tt
APPLE SHORT NOW??Disappointing earning resulted in Apple finally getting that retracement that's been long awaited and finally breaking a 210 day bullish demand line. Now there are three options to consider. At some point Apple IS GOING to test the former resistance shown by the red box and this ss below. Once it does we'll be looking for its Price action. As a Bull I'd like to see option 3 play out, a retracement to the 0.382 fibonacci level, a break above the resistance box and a confirmation of that box as support. This would be a text book bull market retracement before new all time highs and would give us the perfect long opportunity. Option 1 would present a chance for some small quick gains that I will not trade, it could easily represent a lower high which would then give us a great short opportunity, or a new ath which we won't have traded because thr RR probably wont have been there. Option 2 could present a short opportunity if some bearish divergence is formed. I will update when some more data comes through. Share your thoughts below!
NASDAQ:AAPL
by SynergyTradingSetups
4
USDCHF - Two Possibilities - Screenshots of Market SituationHi Traders! The following screenshots may help you to understand the current Market Situation of the pair USDCHF. The pictures show the Weekly, Daily, H4 and H1 timeframes. Let's start with the weekly Chart: Moving on to the Daily Chart: Going over to the H4 Chart: Moving over to the H1 Chart + first possibility: Last but not least, the H1 Chart + second possibility: We recommend to trade the market according to the overall Trend Direction. Thanks and successful Trading :)!
by swissmoneymakers
2
USDJPY - What is the current Market Situation?Hi Traders! The market is in a (weak) Downtrend. Let's begin with the daily Timeframe: As you can see we here have two main things to consider: 200 EMA The price is moving under the 200 EMA. That means that the average price of 200 days is contantly falling. We should use this information and establish to only take Sell-Trades. Daily Trendline Even the market is falling, it is making higher lows and that's shown by the Trendline. For Longterm Traders: You can get that as an opportunity. When the market breaks below the Trendline, there is no more "strong" Support which can hold the bearish pressure back. That's why it'll fall with more price action. So much for this Timeframe. Here is the next one (H4): Here we drawed an orange box. It is showing the neutral area. The strength of the bulls and the bears is equal. In addition the Daily-Trendline and the H4-Trendline is crossing. Now we move to the last part of this idea. Here is the H1-Trendline: The market is at the moment in the middle of the Neutral Area. Don't forget that we're only looking for Sell Trades. From our Point of View, there isn't an ideal Setup yet. We're waiting for the bearish break of the orange box. A potential Trendline-Break could be one possibility. We hope, you now know in which situation we're here in. We recommend to trade outside the "Neutral Area". Thanks and successful Trading :)!
Short
by swissmoneymakers
Two potential shorts on GER30The current uptrend(see elipse on chart) the last couple of days has made things a bit difficult. I was expecting a temporary pullback. It sure came! But it came way later and way deeper than I had anticipated. Ergo, we have now two potential shorts. Keep in mind, if price decides to ignore the first red area and reaches the 2nd red area, the current long positions(see my other GER30 chart) get invalidated. So if it only reaches the 1st red area, the other long positions are still valid. As usual: 1. If price touches the red area, check if there is divergence on either MACD or stoch . If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double- bottom / top or w/m pattern forming on M15 or M1 . Will demonstrate those patterns when the time comes. If step 2 is fulfilled , continue. 3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade . If step 3 is fulfilled , continue. 4. SHORT when PRICE makes lower low . If it doesn't and instead makes higher high , abort this potential SHORT and look for the next red area.
FX:GER30Short
by TAFA94
Mixed situation after ECB's verbal interventionas you can see in my comments, I think we are now in a situation where we could potentially experience 3 outcomes to this macroeconomic puzzle. Well now we have 3 possibilities 1) we start another rally up confirming the triangle and breaking to the up.. in that caseI can see ECB desperate in ecember increasing QE (25% chances) 2) we start plummeting, different figures will confirm the tech. side and yellen will come outwith FED rate hike and push the Euro to its lows of the year... we need big Rate hike for this... (25% chances) 3) we keep seen choppy mixed news from both sides, EU and USA suffering further from low inflation and unemployment slowing down with China playing a key paper (50% chances) I am afraid that we will continue to see a mixed load of news from both sides of the atlantic, we will see good news from the USA strenghening the FED rate hike possibilities and also good news from EU that will push the euro up... unfortunatelly this will only maintain the fair price line as a pivot point that the euro will keep revisiting. on another note, we are shifting north to this line so if this is not pushed further down, then i think this upper channel could end up confirmed and we will see an unstopable Euro. ANOTHER THING... I nearly forgotten... just be vigilant of the SNB, the CHF is moving out of the "confort zone" and they could intervine like they have done in the past. Just protect yourself from extrain movements. in summary, - keep your eyes and ears on the ECB and FED future statements /Hints - Maintain your risk low while there is no clear trend - look for confirmation of levels, sacrifice 20 pips to gain confidence! - use your common sense... dont buy the highs and sell the dips - trade what you see. - protect yourself from sudden moves but get used to volatility. hope this helps all!!!
by SolidSnake
1