Supportzones
Trend Reactionary Levels Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York.
They are calculated by a proprietary formula and other variables which result in Key Market Reversal Points. As the Price of the Financial Instrument Expands or Contracts the TRNs will be adjusted to the new exponential Average True Range.
Recent Price activity suggested two new reactionary levels of Resistance and Support reflected in the deeper red lines.
Trend Reactionary Levels Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York.
They are calculated by a proprietary formula and other variables which result in Key Market Reversal Points. As the Price of the Financial Instrument Expands or Contracts the TRNs will be adjusted to the new exponential Average True Range.
GBPCAD Buy Idea Based on Key Support ZonesH4 - Bullish trend pattern followed by a double wave correction. Bullish divergence.
We have two key support zones that have formed based on the fibonacci retracement and expansion levels.
The first key support zone is formed by the 38.2% fibonacci retracement zone of the bullish trend pattern and the 100% fibonacci expansion level of the first wave.
The second key support zone is formed by the 50% - 61.8% fibonacci retracement zones of the bullish trend pattern and the 161.8% fibonacci expansion level of the first wave.
Until both these key support zones hold my view remains bullish here.
EURJPY Buy Idea Based On Multi-timeframe AnalysisD1 - Bullish rally followed by a correction in the form of two waves to the downside.
Price reached the key support zone formed by the 38.2% - 50% fibonacci retracement zone, respected it and bounced higher.
Bullish divergence, most recent downtrend line breakout.
H1 - Bullish trend pattern.
Until the strong support zone holds I expect the price to continue higher further.
MKRUSDT (Reversing From Support Zone)#MKRUSDT Technical Analysis Update
Reversing From Support Zone
We can see several times MKR touched support zone, now it's trading in the support Level. I believe it's going to bounce from the support level
MKR/USDT currently trading at $520
LONG ENTRY level: $ 500 - 520
STOP LOSS: below $490
Resistance level 1( Target): $555
Resistance level 2 (Target ): $600
Resistance level 3(Target): $650
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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EOS/USDT Reversing from the Support zone EOSUSDT Currently trading at 2.480
Entry level : $2.45 - 2.48
Resistance 1 : $2.54
Resistance 2: $ 2.62
Stop loss: Below $2.44
Risk Reward Ratio : 1: 4
ALWAYS KEEP STOP LOSS...
EURAUD Buy Idea After Range BreakoutD1 - Price has currently broken above the top of the range.
There are no signs that show this bullish trend is over.
Personally I expect the price to continue higher further.
H4 - Price respected the uptrend line and is moving higher.
Continuing bullish divergence.
Until the strong support zone holds my view remains bullish here.
AGI on major support AGI stands on it's major support zone for third day.
Maybe a good zone to bounce...
Set the stop loss under the zone.
ES - e-mini S&P 500 support zones Hello traders,
Description of the analysis:
ES support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
ONE FINAL DUMP FOR BITCOIN! NEXT TO THE MOON?! BTC/USDTHE QUESTION EVERYONE IS ASKING, HAVE WE REACHED THE BOTTOM YES OR NO?
IN MY OPINION THIS IS STILL NOT ACHIEVED. HERE'S WHY;
CME-GAP: ALTHOUGH WE HAVE ALREADY TOUCHED THE CME-GAP, BUT IT IS NOT FILLED YET. IT WILL LIKELY BE FILLED, IN THE NEXT HOURS / DAYS.
DAYLY RSI NOT YET IN OVERSOLD AREA: WHEN WE LOOK AT THE PAST WE CAN NOTICE EVERYTIME WHEN WE HAVE EXTREME DOWNWARD PRICE ACTION THE PRICE BOTTOMED OUT AND TURNED WHEN WE HAVE REACHED THE OVERSOLD AREA ON THE RSI.
SUPPORT ZONE AROUND $10100 TO $10500: WE ARE CURRENTLY MOVING INTO THE MAJOR ZONE FROM $10100 TO $10500. HOWEVER THIS IS NOT BEEN BROKEN YET, IT LOOKS LIKE IT WILL BREAK. SIMPLY BECAUSE WE ARE CONTINUOUSLY TESTING THE BOTTOM LINE OF THE ZONE. AND THE MORE A ZONE IS TESTED, THE GREATER THE CHANCE THAT IT WILL BREAK.
MAJOR TREND LINE: IT LOOKS LIKE WE ARE MOVING TOWARDS THE MAJOR BLUE TREND LINE, THIS TREND LINE IS ALREADY ACTIVE SINCE THE 2019 DUMP. EVER SINCE, IT HAS SHOWN IMPORTANT SUPPORT. AS LONG AS WE STAY ABOVE THIS LINE IT IS STILL BULLISH IN MY OPINION.
BTCUSDT Monthly, Weekly, Daily - we re in the decision zoneBTC is in the decision zone again.
If "A" fails on weekly, we will see "B" and if it holds, "C" and above are highly probable.
No need to freak out over lower time frame wicks. Weekly time frame is the key here. HTF trends are harder to reverse.
One Last Correction Before Moon? | ICX-BTC BINANCE:ICXBTC has been on my rader for some time but other alt-coins had my priority and i have executed the trades on them. This means my aim is completely focused on Icon.
Now on this chart we can see a couple of reason why i has cought my eye. The last few days the price has risen 80% measured from most recent low to the peak of this rally.
The top horizontal white line is our long term resistance. This line has been touched for the first time in December 2017. When the price came back down from its peak in Januari 2018, it made a rebound on this line in the end of Februari 2019. The price eventually decided to go below the line. Since then it has been touched as resistance once at Februari 2020 and now it seems like it has found it's resistance on it again.
Which brings us to the correction i teased in the Title. Because the price went up so quickly in the past few days, it is likely it has to cool off before it can shoot up to the moon. In the chart we can see the green area which consists of 3 possible reversal points. Two of the points are at the edges of the zone and the last one is the red line in the middle of the zone. I think it is very likely we will see a correction to the green zone before we see higher prices of this cryptocurrency. This gets invalidated when the price rises above its previous recent high.
GBPUSD Short Term ForecastH4 - Bearish divergence.
The price still has room lower towards the strong support zone (we also have the uptrend line coinciding in the same zone).
H1 - Bearish trend pattern.
Expecting further continuation lower in the short term after pullbacks.
NVDA -NVIDIA buy zonesHello traders,
Description of the analysis:
Nvidia support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
