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Tecnicalanalysis

Oil price action amidst efforts to control the bank domino effec Crude oil prices are showing signs of correction in the last 3 sessions after signals that central banks are stepping in to help troubled lenders in the U.S. and Europe. Speculators had been building their long position in the oil market on the back of expectations that there will be an increased demand recovery from China following the reversal of its zero-covid policy, together with the view that Russian oil supply will edge lower. ‘For the time being there are two scenarios that could help boost the price of oil. The first would be an OPEC response by stepping in and announcing further supply cuts in order to try bringing some stability to the market. But this cannot just happen overnight or take such a decision based on a very short reaction of the market. Probably they will wait for the dust to settle and take action on their next meeting which will take place in early July.’ said Antreas Themistokleous, market analyst in Exness. ‘The second scenario would be the US Department of Energy(DoE) announcing that they will be refilling their SPR (Strategic Petroleum Reserve) which is at its lowest level since the 1980’s. Previously the US Department of Energy (DoE) said that they would look to refill the SPR if WTI traded around US$67-72/bbl which is the case right now. ‘ On the technical side the price of Crude oil has moved away from the band where historically this has been a sign of correction in the market. It is also trading at a 15 month low while the 50 day moving average crossed below the 100 SMA indicating the bearish momentum is going strong. Of course this does not mean that it could not possibly cross above the 100 SMA in the following sessions.
TVC:USOIL
by Exness_Official
Quick Bitcoin Scan in the Morning Good morning everyone Grab yourself a cup of coffee and enjoy this quick scan on Bitcoin! Bitcoin has been consolidating overnight, shedding a lot of volatility, and opening up a window of opportunity for a Long and Short scenario on the coin. Make sure to check the video out so that you don't miss a potential entry on Bitcoin! Also, please leave a comment and share if you like videos like that. Many thanks and have a fantastic one legends All the best CH
by TraderCHgold
Buy opportunity on EURUSD!Hello traders, Let's look at EURUSD and see the current price action on it. We have noticed that the pair has printed a double bottom with its neckline violated. I anticipate an upward momentum from the violated neckline. Let's keep in mind that CPI will cause a lot of volatility in the pair and we could expect a spike to the downside before heading up. My targets are 1.08022 and 1.10214 in the case of a bullish run. Please do support this idea with likes if you find it helpful. Trades smart today!
Long
by Forexintelligence_NA
BTC-USDT Long Term Perspective leading to bottom of bear marketThis chart has been saved now for a month since I noticed the correlation and started suggesting we could see the move start to play out and it has now started the first leg of the run down which correlates right around this March 20th spring equinox, which all adds up to the fibs in the charts. Fib cirlces is not a metric I see many people mess with, but I have found in all of my relative experience that anything fib related seems to be some of the most accurate measuring units, whether its simple fib retracements/extensions, or more advanced metrics such as circles, channels, wedges, etc. which I assume has to do with the fact that fibs in general are based off the mathematical idea of fib sequencing which is based off of real life patterns seen amongst all things in the natural world. This is also why I like to give fibs the benefit of the doubt more often than not due to the fact that I personally believe anything that can be seen in nature with the high volume we see fibs for example, has to have some bearing when compared to charting, which we all know is based highly off of raw human emotion, therefore giving this chart the respect I have since noticing the pattern. I believe we will see more downside, and I do believe we will bottom right around 9.5 as there again is correlation, once again finding 3 specific points of confluence, just as noted with this last drop in the market that started the last 24 hours and is still playing out. We will see bounces that serve as more bear market relief rallys, but that is all these small points of upward movements are. Therefore is you are a long term style investor, that information would suggest waiting for more downside before DCAing into your position, or however you prefer to invest. And for those of us who daytrade, swing trade, scalp, etc. know that this will not go straight down but will crab as usual, with waterfall drops playing out during the continued downside, which I give until the fall equinox this year. Therefore, expect the bottom to play out in the fall sometime, before we finally see sustainable higher highs, etc. I will update weekly, but wanted to start by giving a brief macro synopsis, and apologize to anyone who finds this informative that I did not publish this sooner. I am just now learning how to do all this publishing stuff and so bare with me, no pun intended.. lol. but seriously, I am sorry as I have been posting non stop now in the chat for a month and just hope there was at least one person I helped either to make money, or refrain which in return helped them from losing money, which I have learned in my short career of trading for a living, that more times than not, saving money by not entering has been so crucial, often times way more so than that big trade that realistically only happens a couple times a month. The majority of doing this for a living is having the patience to wait for these solid moves, which I wish I knew when I first started. (that and the fact that any type of larger leverage will be your death) - Learn to trade with 5x or less and thank me later. Anyways, back to the point, I will upload as much as needed for hopefully anyone looking to get into trading, or more specifically interested in BTC, I hope my idea from here on out play as a beneficial piece to your success, and look forward to any criticism as that sharpens my skills, and of course questions or praise are gladly accepted. -Alex
by Alexander_Thaddeus
1
ETCUSD Is Moving Into A Support AreaETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory. Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction. A five-wave recovery indicates a change in the trend from Elliott wave perspective, so be aware of more upside in March. We can see that price is currently nicely slowing down, making a three-wave (A)-(B)-(C) correction for wave 2 after we noticed a five-wave rally into wave 1 from the previous lows. So, keep an eye on strong support here around 19-17 area, from where we expect a bullish continuation above 25.10 while price is above 14.80 low. So as long this level is not breached we expect a new turn up. I hope to see you in webinar today here on tradingview. Link can be find below.
BITFINEX:ETCUSDLong
by ew-forecast
9