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USD/JPY Market Analysis: Downside CorrectionThe USD/JPY has been a tricky customer in the past few weeks. We have attempted a few shorts which did not work out, the price persisted to the upside eventually breaking key structures that hold the downside. The Bullish breaks confirm the Longer-term trend (Bullish) has resumed, however, the current rally is losing steam and we can capture a strong reversal to reset the trend. Overview and breakdown Current Trend: UP-Trend Next Expectation: Downside Correction (Secondary Trend) to discount the rally for a reset of the Up-trend and to offer a lower price discount. Area of target: Target 1: 156.28 & Target 2: 155.23 These areas represent the key structural points. The second target is the most technical point that represents the last untested structure. This point is the safety point for the buyers that enter the bullish trend at a later date. In most cases, the price correction (Secondary trend) will get here. Another important thing to note with the 2nd Target is that; it corresponds nicely with the Fibonacci Buy-Zone measured from the Low of the entire rise to the High. Risk and Stop Loss: Price 157.25; Technical Stop above the Momentum High.
Short
by Charts247TradingAcademy
Structure of ETHUSDTSo perhaps, you've generated some fancy text, and you're content that you can now copy and paste your fancy text in the comments section of funny cat videos, but perhaps you're wondering how it's even possible to change the font of your text? Is it some sort of hack? Are you copying and pasting an actual font? Well, the answer is actually no - rather than generating fancy fonts, this converter creates fancy symbols. The explanation starts with unicode; an industry standard which creates the specification for thousands of different symbols and characters. All the characters that you see on your electronic devices, and printed in books, are likely specified by the unicode standard;
Short
by pedro_kampos
I like the stockI don't think any more analysis has to be done on this company and its ability to innovate and lead graphics chips. The latest reach into AI should be recognized as the companies ability to pivot to what is trending. They met and possible over reached when the demand for Crypto was at its peak. I did not factor NVDA into my semiconductors, crypto and market synchronicity idea back when markets were at the tipping point in early 2022 But after I studied the predictive nature of its symmetrical inverse structures I have become obsessed with this stock. I see this 242.06 for NVDA is a pivotal range. If the indexes do not provide a bottom for the most recent sell off (zero S&P500 gamma) then 232-242 will be a rejection. Who knows. Markets could crash on Monday NVDA would be the stock I pick up on the following Monday after the FED cuts rates and bails out N number of put writing dealers. The pandemic made us realize we need to invest more into Chips and Technology that will eliminate the mundane jobs humans don't want to bother learning or getting good at. The problem remains how to get the money the economy invests in technology growth back to the workers who jobs the technology replaces. Maybe I'll go plant trees this spring. It might be better for me and the planet than chronicling the collapse of the global economy.
NASDAQ:NVDA
by SPYvsGME
5
COTIUSDT is testing the daily resistanceThe price had a breakout from the descending channel and created a rounded bottom above the weekly support. on the 4h timeframe, the price is testing the 0.3$ resistance and the market is in a consolidation phase between the weekly and daily structures. The price already retested a Fibonacci level of the 0.382 Fibonacci level How to approach? The price needs a new breakout from the confluence zone, above the 0.31$ with the retest. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
NZDJPY LONGING SENTIMENT ..there is a clear break in the resistance brick wall in the downtrend on this pair , what we are looking forward to is the reach of the the retest zone then hop on the lowest entry timeframe for a chance of longing this , there are two levels indicated by the red layers which are our previous lower lows of the down trend , at each we will be looking for a longing chances as the market is still bullish . when the price breaks the lowest low , this analysis could be disregarded .
Long
by DIGITALASSETSINC
5 Best Crypto to trade and/or to hold (BNB, ADA, XRP, DOT, LTC) 5 Best Cryptos to trade and/or to hold from a technical, price action point of view. (BNB, ADA, XRP, DOT, LTC) Hello everyone: The recent question I've been getting is what cryptos to trade or/and to hold. Certainly trading and investing (holding) would be different, so I thought I would outline some coins that have good price action and technical in my view at the current market condition. Make sure to have your own plan on whether you are trading them or investing (holding), as they can certainly have different outcomes and management needs to do so. Remember please also take into consideration risk management and trading psychology as well. Don't put all your eggs in one basket, spread out your $ to be stable and sustainable. BNB ADA XRP DOT LTC Any questions, comments or feedback welcome to let me know :) Thank you Jojo
BINANCE:BNBUSDLong
by jojofang0901
53
XTZUSD Bullish OutlookHi everyone: Crypto market has been moving, and we see many of the pairs have bullish impulse moves. Here on XTZ, I am seeing similar price action for the buy. Patterns repeat over and over again. Price is in this overall larger structure, and we see latest price action had a lower time frame bullish impulse, and now forming this correctional structure. What I am waiting for is a confirm break out from the lower structure, and look for continuation correction to buy. Once I see price break out of the larger higher time frame structure, then look for the similar buy opportunities to push the price up to the potential double tops area. Thank you
BITFINEX:XTZUSDLong
by jojofang0901
3
VIX we can expect this bull move upHi everyone: VIX is showing good price action for another move to the upside. We see price in the higher time frame in this channel structure, slowly bringing price down to a double bottoms. Lower time frame also has a recent double bottoms, and price made a small bullish push up. I like to see price continue upwards to break out of the channel structure, and form continuation correction. This would give me the confluence that we are going up the the recent tops. Wait for confirmation of the correction to enter. Thank you
TVC:VIXLong
by jojofang0901
2
BCHUSD Look for buy setups nowHello everyone: ON BCH, we finally see the strong bull move that I have been waiting for. We see price had a quick move up, breaking out of the higher time frame structure. Like always, I am waiting for confirmation from the market, I want to see a continuation correction structure to develop here on the lower time frame to give me the confluence to enter the buy. Remember, there is so much room and potential for this up move, dont jump in and get stop out from the market. Wait for confirmation. Thank you
BITSTAMP:BCHUSDLong
by jojofang0901
GBPUSD Near top of structure, look for sell setups Hi everyone: From previous outlook on GBPUSD, I was expecting the price to get push up to the daily double tops area. When we look at the higher time frame, we see price broke above that double top, and very close to the top of this larger structure. What is important is what the price action will be, and what kind of structures are we going to see from the market. I like how the lower time frame has an ascending channel, pushing the price up toward the top of the structure. I do want to see a confirmed sell impulse in the market, follow by a continuation correction to go for short down. Thank you
Short
by jojofang0901
6
US30USD I am waiting for the sell on DJIHi everyone: Looking at DJI for short term bearish opportunities. We see this overall larger structure on the higher time frame had a sell impulse down, followed by a correctional structure. Recent price action has a ascending channel within the larger structure, and we see price getting to the top now. It provides extra confluences on the sell when we get to a key area with corrective nature movement. I would be looking to see how price action will develop in that general area, and see if we get sell momentum to come in. Alternatively, price can still trickle up to the recent tops to form double tops and drop down as well. Thank you
OANDA:US30USDShort
by jojofang0901
AUDJPY Bearish outlookHi traders: From my weekly outlook and daily update analysis, I have been paying attention to AUDJPY and otjer JPY pairs as well. WE do see a double top rejection, and we see price break above the channel structure, but quickly retrace back down. What is key to me is the structures that will be forming here on the lower time frame, are we getting a continuation correction to confirm this bearish run, and we can expect price to move down to bottom of the channel. I will then re-evaluate the price action then, to see if there is more continuation correction to take the price down further. Thank you
Short
by jojofang0901
2
XRPBTC Look for bullish continuation to the upsideHi traders: Here on XRPBTC, I see a potential breakout from this correction structure. We see price formed a decending channel, then a bull impulse up. I like like the continuation correction forming here, expecting price to break above. Like I always do in my analysis, I am waiting for confirmation in the price action. Once I see a confirmed breakout, I will wait for lower time frame correction to take it up. Thank you
Long
by jojofang0901
4