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Ape 👀 – 07/29/2022 | Price Action$Ape 👀 – 07/29/2022 | ApeCoin Price Action Update 🎯 - 📸 🚨 📌 #Price has finally closed below 0.236 (or 23.6%), $6.7945 price level. Therefore, we can likely consider Wave i (in blue) complete (unless it validates the correction by breaking the high above $7.2150). Wave 1 is always the hardest to forecast anticipated completion zone. 📌 Like I previously mentioned, the #ElliottWave model is purely #subjective and needs to be consistently revised as price action continues to develop. This shouldn’t come as a surprise though; there’s no method of conducting technical analysis that doesn’t involve revision, editing, and trail and error. 📌 Of the ABC #Correction, both waves (a) and (b) have been completed (in red). Thus, we are currently working on wave (c); which should be comprised of another downward impulse of 5 waves. 📌 My goal is to #buy the market after 3 swings down in the #Minuette degree (in red; (a), (b), & (c). In previous posts, I mentioned that the buy zone is located directly under #liquidity and in the #fibonnacci #goldenzone. ✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity 📈 View My Chart: ⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️ #longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #StrongDollar #FOMC
FTX:APEUSDLong
by ElBichotedelosGraficos
2
LONG IDEA to 50k Hello again! After our very successful short positions from 48k to 38k, i can see lot of long possibilities in the markets. Id like to be bullish on 37.9k on Bitcoin. Maybe scale long all the way of the bearish manipulation wick what occurs before we are moving bullish. We need to look where are market movers setting their Buy positions. As told before us30 was at resistance levels. Now we are in more of a support level which could turn crypto market bullish also. If you are more familiar with altcoin's market, there are a lot of opportunities for longing. Maybe we will get some positive news from Putin that he will not pursue Ukraine war anymore so that would be hugely bullish news which could turn everything bullish and optimistic. Also Fear and Greed indicator turned today 23/100 in Extreme fear, probably tomorrow we will see 16-20/100 depending on the daily close. These kind of levels were last seen at 22.01.22 before massive 250% bullish move. I think this run will be more of a bulltrap to 50k to turn everyone bullish then maybe drop to 31k in the summer. We'll see more in coming weeks. Lets get the bag !
BINANCE:BTCUSD.PLong
by NormanMadiberg
The euro is under pressureThe euro is under pressure The euro / US dollar has reached its lowest level since June 3, 2020, as traders assess the divergence between the eurozone and the US economy. The pair is trading at 1,150, which is about 3% lower than the highest level this year. US economy and the euro area Recent economic data show that the US economy is recovering faster than the euro area. For example, on Friday, German statistics showed that economic growth slowed in the fourth quarter. Other countries, such as France and Spain, are experiencing significant improvements. While the German economy shrank, the US economy grew strongly in the fourth quarter. This was a sign that the effects of the Omicron type were not as severe as analysts had expected. Meanwhile, the US labor market has been stronger than Europe. For example, the unemployment rate in the United States has dropped to 3.9 percent. In Europe, the unemployment rate is around 7%. Thus, the EUR / USD pair has fallen as investors predict that the Federal Reserve will be more aggressive than the European Central Bank. Analysts have differing views on the number and size of the Federal Reserve raising interest rates. Goldman Sachs analysts, for example, expect the Federal Reserve to raise five interest rates this year. Other analysts at other banks forecast about 3 or 4 increases. Central bank officials are also unsure of what to expect. Analysts, on the other hand, expect the European Central Bank to continue its low-easing purchases and is unlikely to increase this year. Later this week, the EURUSD pair will react to the latest US jobs figures and eurozone inflation figures for January. Euro-dollar forecast The daily chart shows that the EUR / USD pair has been in a strong downtrend recently. In the daily chart, we see that the pair has been able to move down the pattern of the bearish flag shown in black. It also fell below the 25-day and 50-day moving averages while the stochastis oscillator reached the sell-off level. Therefore, this pair is likely to be ahead of the latest US NFP data. The next key station to watch will be at 1,1050.
Short
by Alisabbaghi
BNB Entered Into Its Buying Zone (A Good Buying Opportunity)The Back Ground and Psychological Support Zone BNB broke its psychological resistance level of 140$ on Feb 17, 21, and after that, in the next few days, we witnessed the biggest move, which was backed by the biggest volume that BB ever witnessed in a day. It was the day of Feb 19, 21. The candle started from 193$ and made a high of 353 which was the biggest move; the volume traded on that day was maximum, the market never witnessed that volume after that day. That candle provides two strong levels, both on the support side now. Price remained hesitant to establish inside the first zone and was rejected two times. Point: Historically seeing the support zone is well established. A good demand lies in this support zone. RSI is trending lower from Nov 21, 2021, and has visited the oversold zone two times, currently witnessing divergence. Finally, it lost 50% from its high 667 and now facing strong support. Pay Attention Keep a close eye on the BTC level of $30K (which is the only threat for this trading idea); there are fewer chances that BTC will break below this level, but if it wisely broke this support zone, then this BNB Trading Idea will become invalid. So observe price action in the support zone keenly, and on a rejection, get in and hold it for the next two quarters or the first TP $600. Risk / Reward and Holding Period Any move below 320$ will be short-lived; the price will retract quickly above 320$, While on the flip side, Instead of Stop Loss, I recommend DCA at $220. TP1 is 600$ (Achievable till Jun 30 2022) while TP2 is 1000$ (For 2022) It is not financial advice; always do your research. Please, feel free to ask your question; write it in the comments below, and I will answer.
Long
by Booming-Crypto-Ideas
Wondering what BTC is doing?4h chart: Right now it is fighting around the $43400 level that is a confluence point formed by an ascending trend line and fib level. Lower targets: 41800 Higher targets: 45800 If we look at it in a simple manner this can be a RR 2 or less trade, depending on your entries. And yes, mid term view is bullish, hence the long trade idea. 15m chart: Trying to escape the range : My money is that it will ! Daily chart: Not much changed since the last update, the formation is looking bullish short term Waves: The daily waves look perfect for an upwards pointing move, basically all the conditions are met to a future spring to the upside.
Long
by SublimeTraders
We may see a bullish rally in SHIBHi, This is SHIB/USDT daily chart. A few days back, the price had dropped to 29-30 level. It was a fundamental support level. As we had expected, the price went rebound from there. Now the price is getting the resistance at 37-38 level. We had a rebound, but unfortunately, volumes are not convincing this time. If the price breaks the resistance, we could see a bullish rally in the near term. Here is the trading plan. If the price breaks the resistance, I shall place the stop-loss below the resistance that will turn into support. The target will be 53. The reward to risk ratio is 3.5. If you like the idea, press the like button. I shall wait to hear from you in the comments.
Long
by jawwadsaif
1
EUR/CAD Wyckoff Short opportunity!Possible selling opportunity in EUR/CAD very soon! As you can see it looks like we have been going through a type 1 Wyckoff Distribution schematic at our point of interest which means that institutions and banks could be trying to gather liquidity by stopping out all the buyers and sellers before a big push off. As its a distribution schematic we will be looking to go short. Price has come into a key last area of support which if we see bearish selling pressure from here i will be looking to enter. To add confluence to this we are bullish on CAD and yesterday we noticed a big Wyckoff Accumulation schematic on CAD CHF which has been melting today from which i will be looking for another entry point! Feel free to leave any comments about the idea!
Short
by PercentageOverPips