Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2458 2460.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum
Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
Suportresistance
Bitcoin technical analysis - new update _ 2023-10-31
Long position
After breaking the box ceiling at 34820 resistance
Entry 35050
The loss limit is 34,500
Risk Free 35600
First save profit 36150
The second save profit is 36,700
The third save profit is 37255
Profit limit 37,600
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Short position
After breaking the box floor in the support of 33586
Entry 33395
The loss limit is 339000
Risk Free 32890
The first save is 32385
The second saving profit is 31,800
Profit limit is 31500
BTC/USDT 4H 06.05.22Hello crypto community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much
Now I'm waiting for this scenario.
I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
📅 13.06.22
📌
LTC is quickly returning to the local uptrend.Hello everyone, let's take a look at the 1D LTC to USDT chart. As you can see, the price moved below the local trendline and quickly returned to the perfect trendline.
Let's start by designating the support line and as you can see the first support in the near future is $ 112, if the support breaks down, the next one is $ 107 and $ 99.
Now let's move from the resistance line, as you can see the first resistance is $ 117, if you can break it the next resistance will be $ 123 another $ 132 and another $ 144.
Looking at the CHOP indicator, we can see that in the 1D interval we still have a lot of energy to make a move.
How To : Momentum Shifts ( Key Set Ups)
Hi Traders! Lets review 3 Trade SetUp For Key Momentum Shifts:
For the past 28 years, I have been using three simple trades setups, that I'll explain in the video, to be selective in my trades and to identify key momentum shifts in the market. I hope these setups will be useful to you as well.
High Frequency Traders and Professional Traders will often run retail trader stops by blowing through key support and resistance levels like round numbers only to reverse shortly afterwards. We must protect ourselves from these tactics and be careful not to chase a move or get stopped out.
Recognizing and patiently waiting for one of these trade set up will help especially if you combined or recognize them with a chart formations like a double tops or head and shoulder pattern.
Trade Setup 1: Cross above a key resistance, recross below = shift of momentum. The same setup can be used with a cross below a key support level.
Trade Setup 2: Cross above a key resistance, recross below and a retest of the resistance with a Lower Higher = shift of momentum. This is my preferred setup.
Trade Setup 3: 2 touches to a key resistance or 2 touches to a key support and entering on the 3rd touch for a 66% probability of successful trade.
I hope these setup are helpful, whether you trade or invest, using key momentum shifts with support and resistance lines.
Hope it helps
Take care
Marc
The FTM continues the local upward trendHello everyone, let's take a look at the FTM to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.45, if the support breaks down, the next one is $ 1.37 and $ 1.31.
Now let's move from the resistance line, as you can see the first resistance is $ 1.68, if you can break it the next resistance will be $ 1.86 and $ 2.08.
Looking at the CHOP indicator, we can see that in the 4-hour period, despite the last move, we still have a lot of energy to continue.
bullish market for bitcoin 🚀As I mentioned in my previous analysis ✔️
the price has started to gain from our channel support 💣
and now
the price become close to the black trend line and support area ✔️
so
we expect gain for the price at least to our first resistance area 🚀
if
the price breaks the first resistance area(40000$) and stay above this area, we can expect more gain 🚀🚀
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
TSLA - Will test the New ResistanceHello Traders, from 3 days sell off of TSLA it will test the new resistance (violet box) and will go down to fill the gap. I posted a Potential Reversal Zone (PRZ) of TSLA to fine where it is possible to go up again.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
* PRZ
* CRRECTIVE WAVE