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Ethereum Is In PressureDespite of heavy selling pressure the second biggest cryptocurrency managed to sustain the support of 2900. My idea is that the price will test the major supports in this region before making any upside move. Sustaining of the 2900 level will decide the next course. Next support lies at 2812. My target is to wait and watch for the trend to clear and focus on entry at support levels only as the price is already highly oversold and a lot of distribution has already taken place. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
COINBASE:ETHUSDLong
by JBShark
1
XRP EXCELENT BUY ENTRY - accumulatingOur beloved XRP has entered an accumulation channel where it will be grabbing some long orders which will derive into an up trend, the level it is in now isn't the right extreme of the ascending triangle fastener represents a very good entry point for by orders. I am just placing my order right here waiting for it to develop in the next two days. If in the next two days what is represented in the chart doesn't make it true then I will be canceling this order as close to the enter price as possible. EXRP has been giving some juicy profits right here and then past days, excluding the drop of the week in the global crypto market which is dropped every coin -10% on average and which also has affected XRP dragon it from 0,76 to 0,65€
Long
by INSANEMOANING
#BTC/USDT 1D UPDATE BY Trader_SL #BTC/USD Chart Update 2022/04/13 1D TIME FRAME As you see in the chart, BTC is trading inside a rising channel and currently sitting at the lower level of the channel. In the past scenarios, we have seen BTC bounce many times after hitting the lower level of this channel also we can see Bitcoin now is with hidden bullish divergence So I'm expecting a bounce in the market from this level and making another Higher low. If any daily candle closes below this channel then this scenario becomes invalidated. Let's see. I'll update you. This is not a piece of financial advice. Do hit the like button if you like it and share your charts in the comments section. Thank you!
by Trader_SL1
2
EURNZDMY bias on eurnzd today is to the downside after rejecting the at 61.8 fibonacci retracement level and breaking the trendline, and their is a rumor that newzealand will hike interest rate this might possible drag eurnzd to the 1.57662 level if we are to follow buy the rumor sell the news rule, and if you're looking to buy this pair wait for the break of 1.60000 level before you can decide that buyers are back to the market... do not risk more than 2% of your account on a trade note: this is base on my view only not a financial advice
Short
by AMBAFX
Bitcoin Bullish ProjectionRed lines: resistance levels Green lines: support range Yellow Dashed: Range that I believe will make the bounce / reversal VPVR on the left for better display of resistance / support levels Circled points: Similarities of L shape formations where Bullish Rally followed. Based on the VPVR and the repetition of the circular formations, I make the bullish projection for the price of bitcoin after the end of the bear wave (-15% ~ -20%) from the rejection at $ 48,000.
BITMEX:BTCUSD.PLong
by Gentas_VIP
$HD slowly coming back up?$HD slowly coming back up after a long downward momentum similarly with $LOW. i personally don't know why it keeps going to downtrend with not much negative news. i believe the stock got over value and analyst tries to lower the price target to prevent the bubble to burst. with the inflation and shortage going in the nation consumer is creating a panic buying creating a high supply and demand for retailers and might continue to happen for the past few weeks or months until the inflation subsides. here's my personal take playing $HD $HD: Day trade or scalp target play: 04/11/22 Buy call above 312.30 sell at 315.17 or above. Buy puts below 307.92 sell at 34.16 or below. option open interest: ideal expiration date: 4/22/22 , 5/06/22 or 5/20/22 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only
NYSE:HDLong
by CHRIS_B58
AUD/USD Outlook (11 April 2022)Following the FOMC minutes released on 7th April 2022, key points to highlight were that members agreed to reduce balance sheet with a cap of 95 billion a month, were would have preferred a 50 basis point increase, and that one or more 50 basis point increases in the target range could be appropriate at future meetings. This resulted in the DXY rising signficantly, testing and breaching the 99.50 level, moving towards 100 This resulted in a drop in the AUD/USD, retracing from 0.7650 towards support and breaking below 0.7500. Currently at 0.7447, short term trend of the AUD/USD is towards the downside. Look for rejection of 0.7500 resistance and more selling opportunities towards next support area of 0.7300
Short
by JinDao_Tai
Lines, trendlines and channelsLines are one-dimensional figures that extend endlessly into a future and which connect the price segments on a chart. They are often used to determine a trend and particular support and resistance levels. Lines are easy to draw and use as technical tools. Over time, lines became implemented into various trading systems such as Andrews' Pitchfork and Gann Fan Lines. However, lines have countless more uses. For example, lines can be used to section particular parts of a price pattern. Additionally, they can be used to draw horizontal support and resistance levels. Lines also find utility in measuring the speed of the price ascend or descend. Furthermore, they can be deployed in various trading strategies and used to identify a trend. Illustration 1.01 The picture above shows the daily chart of Microsoft Corporation stock. A simple dashed line (white) measures the percentual decline between 22nd November 2021 and 8th March 2022. Trendline The trendline is a simple line that connects prices across a chart. It reflects a primary trend in the prices of stocks, commodities, etc. Trendlines can be used to construct channels and numerous different bodies. In addition to that, trendlines can also act as resistance or support. Illustration 1.02 Illustration 1.02 shows Lockheed Martin stock on the daily chart. It also shows the trendline (white) pointed to the upside as it cuts through a substantial portion of lows. Channels Channel can be constructed by two parallel trendlines, which act as support and resistance levels. A channel can be sloped upward or downward depending on the general trend of prices. When a channel is correctly determined and drawn, the price often moves between the two boundaries. However, occasional breakouts occur. As a result, they establish a new trend or validate a current one once the price returns to a channel. Illustration 1.03 The image above shows the daily chart of gold. The channel (white lines/boundaries) can be observed as well. False breakout took place on 27th January 2022. However, the price retraced back into the channel on 9th February 2022. Resistance and support levels Often, a line or trendline acts as a particular support or resistance level. The function of these two levels is to halt price rise or decline. Typically, it is considered bullish when resistance is penetrated to the upside. Contrarily, when support fails to hold selling pressure and breaks, it is usually a bearish sign. Resistance and support can be drawn by a simple horizontal line. However, resistance and support can be at a slope. That is common, for example, for channels in a strong uptrend or downtrend. Generally, the significance of support or resistance grows with an increasing number of successful halts being put to a price rise or decline. Illustration 1.04 Illustration 1.04 portrays the daily chart of Bitcoin. Major support and resistance levels are indicated by white horizontal lines. The first top also acts as the resistance of utmost significance as the price previously halted its rise at this level. Speed lines Speed lines are three consecutive lines used to estimate future support and resistance levels. In an uptrend, speed lines are constructed by creating a box connecting a low point in the lower-left corner and a high point in the upper-right corner. Next, a vertical line connecting these two points is sectioned at each third and in the middle. Then a speed line is drawn from the actual low in the lower-left corner through the right side of a box where sections were marked. These speed lines are extended into the future and considered to estimate natural support and resistance levels. Modern techniques include creating speed lines, such as sectioning a box according to Fibonacci ratio numbers. Illustration 1.05 The picture above shows Tesla stock on the daily chart. It also shows the unconventional construction of speed lines from a box cut into four equal sections. Disclaimer: This content serves solely educational purposes.
NYSE:AMCEducation
by Tradersweekly
4