Supply Zone
EURCAD possible sell setupEURCAD was trending bullish from quite a while we shorted it last month from the top and now market is back at the same strong resistance area with also a strong supply zone
i am looking for a bearish rally down to the mentioned area
look for confirmations on lower time frames and sell EURCAD with your own money management
key to remember is both scenarios possible which after mentioned there it can drop straight or it can drop after a spike to upside
always remember patience an discipline are the key to success
xauusd idea...hello guys...
if gold break up that red level it determines the continuation of the upward movement and in my opinion, xauusd will form a three drives pattern and reach to 1.6 fibo level (almost $1882)...
but if gold doesn't break red level be ready for hunt setup and get short position...
every movement depend into this critical level...
this analysis will be update after break or return!
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
CrowdStrike Buy ZoneThe area that interests me is the supply zone notated by the Orange Rectangle. Aside from an obvious supply zone, CEO Roxanne Austin has purchased nearly $6 million in shares over the New Year holiday. Some speculate that growth is a concern, but that is a concern with all growth stocks; what if they were to stop growing? There's always a risk investing money into any company, but CRWD demonstrates it's value to shareholder's through it's outstanding customer retention rate, most fortune 500 companies use Crowdstrike Software.
There is a solid short-term double bottom forming in the $90's. My price target is $104 short term and $150 + by EOY.
BTCUSDT is in Supply area!The price is testing the supply area as I said in my previous idea and the market printed another HL.
The price had a breakout from the ascending channel and retest the upper trendline as new support. The price could have another bullish impulse until the 0.618 Fibonacci level, where the price has another resistance.
How to approach it?
We are monitoring the price and we are waiting for a clear movement.
Long scenario: Breakout and retest (daily close above the 17600
Short scenario: Breakout and retest the support as resistance on 17100 (daily close)
Both scenarios need to analyze again with Plancton's Strategies
BTC - Critical Area For A Potential Correction!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that BTC has been slightly bullish trading inside the red rising broadening wedge pattern.
BTC is currently sitting around the upper bound of the rising broadening wedge acting as a non-horizontal resistance.
Moreover, the blue zone / 17500 is a supply zone.
For the bears to take over short-term , and start a correction till the lower red trendline, we need a break below the last low in green.
Meanwhile, BTC would be bullish and if we break above 17550, expect further bullish movements.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTCUSDT is inside an ascending channel during consolidationBitcoin had a false breakout from the ascending channel at 18200$ area.
The market grabbed new liquidity and creates a new breakout from the old low and channel.
the price bounced from the new low until the 0.618 Fibonacci level, that level is crucial for the retracement.
Thus the price started with the consolidation phase with a clear range, where the price created the ascending channel inside it and the market printed HH (higher High) and HL (Higher Low).
Usually, it's an uptrend pattern.
on the 17400$, Bitcoin has the supply area, where the market grabbed the liquidity to create a new breakout and new Low, for that reason we sign it as "Key Level".
How to approach it?
The price could create a new breakout from the consolidation channel and retest again the Supply area as resistance, in that case we are going to monitor it in order to apply Plancton's Rules
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Boeing hitting resistance, outside of 2022's value rangeBoeing is at the bottom of 2021's value range, with 2021's POC just above that. Just outside last year's value range and well above the POC. Weekly RSI is showing just about 70 (overbought) mixed with price close to touching the upper Kelt channel. I'm short a small amount of BA and looking for a retest of last year's value range of around 185-187.
GTC/USDT: BINANCE:GTCUSDTPERP BINANCE:GTCUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$GTC have reached the Supply zone and the local highs are located before the DARVAS box's high.
With the current local high and the Supply above, It's better to have the SHORT here with a SL located at the local higher high at $1.426.
I'll trail my Stop-Loss after reaching the TP1.
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@Helical_Trades
NIO PENDING REVERSAL (UPDATE)DESCRIPTION: In the chart above I have provided a macro analysis update for my previous prediction for NIO.
POINTS:
1. Adjusted pockets for SUPPLY & DEMAND: 1ST LEVEL = $14 - $24 & 2ND LEVEL = $33 - $43.
2. SUPPLY & DEMAND POCKETS do in fact show a common deviation of 10 points of spread.
3. Current $9.50 is serving as CRITICAL SUPPORT that is broken would invalidate entire setup.
4. If we come to see a continuation of this sideways consolidation between $9.50 & $14 price action will begin to squeeze for bullish divergence.
5. More than covered gap from early July 2020.
Scenario #1: Bullish scenario can mean we see price action move into 1ST LEVEL SUPPLY & DEMAND ZONE as we invalidate bearish trend.
Scenario #2: Bearish scenario can mean we break below our critical support of $9.50 and fall to $6.00.
NYSE:NIO