KNCUSDT's Position in the Demand ZoneKNCUSDT's Breakthrough Bullish Momentum
In the landscape of KNCUSDT, a remarkable development takes center stage as it confidently slices through the downtrend trendline. This resolute move sends powerful signals to market participants, underlining a compelling narrative.
Positioned at the Demand Zone
Further strengthening its case, the asset currently finds its footing at a demand zone, a pivotal area of interest for the bullish forces. This convergence of factors sets the stage for intriguing possibilities.
50% Growth Potential
Analyzing the patterns and the previous upward momentum, we unearth the potential for an impressive 50% growth surge. This projection could propel KNCUSDT to new heights, offering a tantalizing opportunity for investors and traders alike.
P.S. Trade setups and updates are always posted in our channel
Trade!
Trading the Aussie Bearish; A Promise fulfilled...Hey guys!
We promised to give our trade setup as a new trade idea. Here it is guys!
Drawing from our earlier last-week analysis, we saw this market push bearish on the 1-hour chart. Our analysis had shown signs of a bulish retracement, and we had marked out the expected retracement zone. In the cause of the retracement, our zone was breached, and so we looked on to see a reversal from the next possible zone.
With the turn of the new week, we have seen the market u-turn at our next zone on the 1 hour chart, and from there it has begun to melt bearish.
It is our expectation that the bearish trend setting in will give us the needed extension to see prices dip all the way to the 1-hour chart liquidity target.
We see a minor swing, and that would be the target for our trade. We have marked out our zone from the bearish minor PB taken off the 1-hour chart. Prices are expected to pullback into that zone, following which we would be looking forward to seeing a bearish reversal indicating the end of the bullish pullback.
The moment we have our price in the zone, we will pull out our trade checklist (Panzy Pips Trade Entry Checklist) and follow through with taking our trade.
Stay with me, guys. This is gonna be a hell of a ride down the slope.
A Market Torn in Two Parts ... Are We Bullish or Bearish...?This pair has witnessed a great deal of back forth in the preceding days and weeks. In todays anaylsis, we see how the market on the 1 hour has once again flipped from a bullish perspective (PB) right into a bearish perspecrive with a new PB to the downside.
We will look to hold this bearishness with the ultimate goal of targeting our Daily liquidity target all the way down below.
USD/CHF Short, NZD/USD Short and trade recap on GBP/USD (+0.2%)USD/CHF Short
• If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
The Bearish Run Resumesin our last analysis, we saw this pair breach our zone and go higher for a deeper retracement. According to our analysis, we refused to see the 1 hour zone as a reversal in itself but rather as forming a deeper retracement on the 4 hour timeframe.
From our current analysis, it is clear that that was the intendment of the market. We have seen prices go all the way to our refined zone at the top and from there made a sharp reversal to continue the beraish run.
We are in on this position,even though we did not catch it from the top as displayed on the chart. The trade depiction on the chart is just to show the entire trade from the zone to liquidity target.
The bearishness has resumed, the bears are back, ready to drive the market to new lows, and we are right here, ready to hop on the slide down, all the way into the money
Bullish Again on the USDCADOn this pair, we see bullishness across multiple timeframes. Market is bullish on the Monthly chart, all the way down to the 1-hour chart.
On the 1-hour chart, we see the market has just made a new high with 6 PBs up.
We are expecting the price to retrace bearish into the PB, come into our refined zone, and from there we will watch out for bullish reversals to take our trade long. Our targer for this trade will be the 1-hour liquidity target above.
First Bearish, Then Bullish... and then We TRADEThe USDJPY has maintained its bullish momentum from the past few weeks. Last week, we witnessed this pair come with a deep to take out zone, create an impression of a bearish reversal, and then continue or resume its bullish trend. These are fakeouts, and they are very common occurrences in the market price movements.
On the daily, 4-hour, and 1-hour timeframes, the market is bullish. With the market making a new high, prices are expected to begin to retrace bearish. With the retracement in place, we will look to the new high that just formed as our liquidity and look to trade market prices up all the way to that point. But first, we would want to see price retrace bearish and come into our refined zone, after which we would decide on how to enter the bullish trade.
Stay close, guys. This is going to be an interesting one.
A LONG Spike AGAIN. Quo Vadis?This pair has again witnessed another long spike. A second spike in about 3 weeks. With this spike, a lot of traders are likely to get confused about the next direction in which the market is expected to go.
So let's give it a try.
Before the spike, we witnessed how prices rallied in a systematic manner. This rally was strong enough to turn the 4 hour the 1 hour and even the daily charts from their hitherto bearish trends and set them all on bullish swings. With the bulls taking the day on these 3 timeframes, we can say with a certain amount of certainty that the market is bullish and we will be expecting to see higher prices.
The market is currently dipping. We will consider that dip a retracement, which is helping move prices into our PB. Price is already in our PB, and now we are waiting for price to come into our zone, from where we will be looking to trade. Our target will be the 1 hour and 4 hour liquidity target, which is actually a confluence.
The Bullish RUN ContinuesWith the previous Bullish swing completed, it is time to look on to the next.
The market has given us a new PB, an area to trade from. From the PB, we have made an attempt to refine it to get our zone within 1 hour.
With our zone clearly marked out as seen on the chart, we anticipate price dipping into the zone, and from there we will be looking to trade.
The trend is bullish in the 1-hour timeframe, and our TP target is the 1-hour liquidity target.
The Bearish Clock is Ticking...A quick re-cap of where we have come from and how long we have followed the analysis on this pair.
The market is Bearish and is currently in a bearish PB. After the bearish impulse, the market has continued to push bullish to give us a retracement. From our earlier analysis, we saw the market dip to make a low, and we had established that from that point on, we would expect prices to begin to retrace bullish towards our refined zone of the 1 hour PB.
The market is still on that bullish retracement. It would have been a great idea to have caught a long on that bullish retracement, but I didn't. lol.
So now the market is almost in our zone. We should see the bullish move experience some slowing down as it draws closer to our target.
As a trader, patience is one of my virtues. A second one is that I trust my tradin system and I always stick to my rules. So on this one, I will stay disciplined. I will wait for the market to get into the zone and from there I would begin to look for possibilities of a bearish u-turn to set us off on our swing towards the extension.
When the market gets into our zone, we will use one of the trade entry methods from Panzy Pips to catch this beautiful bearish trade; and boy, we are gonna milk this trade dry... lol
USOILUSOIL is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level.
If the sell momentum continues the next target could be 80 followed by 79 region.
What you guys think of this idea?
Don't forget to share your idea.
USD/CHF Short and GBP/USD ShortUSD/CHF Short
• If price impulses down below the wick below, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Short
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
YFIUSDT 5th Wave Down and 40% Drop🔹YFIUSDT's Potential
YFIUSDT continues to operate under the shadow of a persistent long-term downtrend, which undeniably leans towards a bearish narrative. The latest price action on YFI, echoing the broader market sentiment, paints a rather ominous picture. A key player in this tale is the 78.6% Fibonacci resistance level situated at $6100.
🔹Fibonacci Resistance: A Formidable Barrier
This Fibonacci level hasn't been merely touched but decidedly respected. What further strengthens the bearish case is the precise bounce off this level. It's like the market's way of reinforcing the boundary, emphasizing that YFI remains captive under its influence.
🔹Downtrend Resilience
Zooming in, we observe another compelling facet – the unyielding rejection. It's most evident at the point where the price last reached a peak. Here, the Fibonacci level intersects with the long-standing downtrend trendline, creating a formidable ceiling. As long as YFIUSDT remains imprisoned beneath this double-resistance structure, the bearish momentum is poised to persist.
🔹The Impending Drop: An Elliot Wave Perspective
In the world of technical analysis, Elliot Wave Theory serves as a captivating tool. The current analysis strongly resonates with the theory's harmonious rhythm, suggesting an imminent fifth wave down. This could lead YFIUSDT to plummet by approximately 40%.
🔹Stay Informed
As always we should share a bearish trade setup in our chancel.
The NZDUSD Continues to Dip FurtherFrom our previous analysis of this pair, we witnessed prices dip with a Bearish swing in place.
With the completion of the last Bearish swing on the 1-hour chart, we are ready for the next. We can see the price begin to retrace towards our PB. When price comes into our PB, we will use our method to refine to a valid zone from which we will expect to see reversals. And when we get the reversals, we will look to enter the trade using one of the entry methods learned.
The good news is, "This market has strong BEARISH potential."
NZD/USD ShortNZD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
4 Hour Liquidity Target Hit after 3 Days of WaitingIn the preceding days, we conducted an analysis of this pair. Among the things we found on the first day of this week was that this pair was Bearish. Our analysis revealed that the market was heading Bearish to hit the 1 hour and 4 hour liquidity targets. Two days ago, on Tuesday, we saw the market go on to hit the 1-hour Bearish liquidity target. Even though the 4-hour target was a few pips away, the market did not hit it. It rather saw a Bullish pullback that came with so much momentum to upturn the Bears and turn the market Bullish on the 1 Hour.
As always, there was a temptation to take the Bullish turn, but we took it only monentarily, remembering that that Bullish impulse on the 1 hour was just a pullback/retracement on the 4 hour timeframe. And so even while we were looking to buy, we had our fingers crossed that the maket would again turn Bearish in the direction of the 4 hour.
Yesterday, we witnessed the market turn bearish on the 1-hour TF. I took out our PB and completely invalidated our Bullish setup, but this was after we had caught 1 successful swing on the 1 hour TF.
Switching Bearish on the 1 hour, we re-analyzed the charts to see a clear direction. With the 1 hour and the 4 hour timeframes looking bearish as of yesterday, we were sure the price was ready to take out our 4 hour liquidity.
Looking at the chart this morning, I can see that the market has dipped far enough to take out our 4-hour liquidity, following which it has commenced a Bullish pullback.
On the 1 hour and the 4 hour, we are Bearish. Our trade setups disclose 1 hour and 4 hour TFs having Bearish PBs. We will look to trade these, marking out our zones for reversal, and enter our trades using one of the several entry methods taught at the PanzyPips Academy.
SP500 - Support and Resistance ZonesI have mentioned these two circled levels earlier and we have now reached the second target (Purple Circle). This is a perfect bounce area for SP500 and may be the bottom of this bear trend we have been in the last months.
We might go down and test the support below but I dont think so. In my chart I posted earlier I mentioned that I thought we would consolidate around the yellow mark before testing ATH. That idea was false and we broke down to this purple area instead. The market is at extreme fear levels and the media very negative.
I believe we will end the year quite positive and start the new uptrend towards ATH around these levels.
Take care.
Catching the SHORT TradeFrom our 4 hour analysis of this pair, it is clear that this pair is building up to continue it bearish dip. On the 3o minutes, we have begun to see clear signs of Bearish setup.
We are now looking to catch a trade on this pair.
As shown on the chart, I have created a trade setup. Entry will be at the break of the current low at 1.22431 and our profit target will be the 4 hour liquidity target at 1.20376.
We are Bearish all the WayHey Guys!
So today i decided to test a publishing a video idea. lol
It feels great.
The video is a quick interpretation of what we have already stated on the EURUSD analysis.
PS: Apologies for the sound quality. It was just a test and I created it in a pretty noisy environment.
Feel free to drop your comments and boosts.And if you have a different persepctive on this pair, do well to share and we will be glad to learn together.
VISA Potential for Bearish Trend Initiation🔹 Last week, VISA experienced a decisive break below a long-standing ascending channel, marked by an unambiguous weekly and daily close. This occurrence constitutes a potential bearish signal, which may swiftly herald the commencement of a substantial downtrend.
🔹In scrutinizing Fibonacci retracement levels, it is notable that a definitive rebound materialized at the 61.8% retracement mark, only to be succeeded by a consequential downward breakout. Moreover, attention must be directed to the 361.8% Fibonacci level, which serves as a prospective ultimate downside target. This is underpinned by the prospect of creating an advantageous risk-to-reward trading setup.
🔹This situation offers a lucrative selling opportunity, and our detailed trade setup has been disseminated within our channel.
CHF/JPY Short, NZD/USD Short and USD/CHF ShortCHF/JPY Short
• If price corrects and a tight flag forms, then I'll be looking to get short with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBPJPY - Bullish Structure Trading A nice and simple bullish structure opportunity here on the GBPJPY as price comes back to retest a recent level of structure support.
If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below.
Akil