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Trendanalysisexplained

AMZN: Next targets + Trend analysis!• AMZN is doing some range trading since September 23; • Its support is at $112.06, while its resistance is at $118.70; • The momentum is still bearish, and we don’t see any reversal pattern confirmed yet. In this case, we can assume AMZN will lose the support and seek the next target at $102 (the next support level); • Is there any chance of a reversal? Yes. By breaking the resistance, it’ll trigger a technical mid-term reversal, and the next resistance at $136 would be the next target; • The open gap near the next resistance will probably help the bullish thesis. Remember, gaps work as magnets during reversals; • For now, AMZN is neutral, and the volume confirms this, as it stabilized along with the price; • To whatever side AMZN breaks, I see a good movement in sequence. Let’s pay attention to these key points for now. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
XLMUSD forming triangle pattern, growth after bullish breakoutXLMUSD price is forming a triangle like structure, if price manages to break above the triangle and if price holds above the structure, I expect the price to move higher towards next resistance. if price breaks below the support area the the setup will be invalidated Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
COINBASE:XLMUSDLong
by Stargazer_fx
3
UBER: A bullish reversal pattern! Will it REVERSE?• UBER is reacting today, however, this reaction alone is not good enough to characterize a true bullish reversal; • Today it is doing a Piercing Line candlestick pattern just above the previous support at $27.10 (black line) – a bullish reversal structure; • Although this is a decent reaction, it seems it is too soon to tell if this reaction will last long enough. As far as I know, the trend is still bearish, and UBER is heading to fill the last gap at $24.62; • In addition, UBER did a Double Top chart pattern at $33.78, which indicates more sell-off in the mid-term; • Could UBER perform a better reversal sign? Yes, but it must not frustrate this Piercing Line candlestick pattern (meaning, it must not lose yesterday’s low at $26), and it must close above the $27.69 (dotted line); • Why above the $27.69? By doing this, it’ll frustrate the Double Top chart pattern I mentioned above. This point is the previous bottom seen on September/August and the trigger point of this Double Top; • Only if UBER does both things I’ll see a recover to the $33 again (mid-term). The volume must increase as well, as it has been quite low recently. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NYSE:UBER
by Nathan_The_Finance_Hydra
BTCUSDT consolidation, Big move incoming...BTCUSDT price is currently above support/resistance structure and consolidating, If price manages to break above the Descending trendline and continue to hold above the structure, I expect the price to move higher towards next resistance. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
5
GBPUSD close to Historical Low(1985), price may start correctionGBPUSD price is in a strong downtrend and price is approaching a historical low(will act as a support for the price), after reaching the support area if price holds above the structure, I expect the price to move higher towards next resistance. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
1
Final Bearish Wave of the Crypto Market?CRYPTOCAP:USDT.D We might be looking at the final uptrend of the USDT dominance chart. In one of my previous ideas I stated that the crypto market might be on a road to recovery; indicating how a hidden bearish RSI divergence was formed on the daily timeframe which is a sign that the bulls are slowly taking control of the market. Recently I've marked out a series of patterns the convince me that this might be the final leg up for USDT.D; Consolidation breakout on the downtrend after which liquidity was formed at the 7.09% chart mark, after which we get a pull back up to the liquidity zone. If this zone gets taken out price would tap into the FVG(Fair Value Gap) area to fill up imbalances before the downtrend can continue thus prompting a major bullish move for the crypto market. Please leave a review on what you think about my idea and follow if you want to get more analysis like this😀 - Joel.
CRYPTOCAP:USDT.D
by Jo3elll
5
CAD/CHF: Review!!!In this review, I trade CAD/CHF to short and I was vey good when the price reach $0.7260 CHF, but I closed up this short before of it in $0.7304 CHF. What I get a earnings of 2.74% in this trade. As also, I put a long position in this black arrow in the bullish evolving but the price fell entry in$0.7303 CHF and I loss 0.76%.. So in comparison, I get more earns than loss in this trade, as only I got 1.98% in earnings. But the only to fix it's being disciplined a little more and also when we trade into this bearish channel, the best bought it's in the support of the channel. This it's the bearish channel in H4 timeframe what CAD/CHF developed So guys, technically we see a potential long position in these levels as we see a buliish divergence in RSI forming a lower high, and price action lower low. indicating a possible change of trend. What we could to get this opportunity to long CAD/CHF. So, in the past week I had 12.70% in profit and plus 1.98% it's that I have 14.68% in profit during this month September ***But now, I'm in long in USD/JPY from Friday the last week as I decide to hold this long position in U.S. Dollar against Yen Japanese. So, the profit in this par could be significantly to know.. But I will make an update on USD/JPY and not a review yet until goes to my target as Stop Loss in case.
Long
by harisonhbn9718
XLMUSD forming traingle pattern, wait for a breakoutXLMUSD price is forming a triangle like structure, if price manages to break above the triangle and if price holds above the structure, I expect the price to move higher towards next resistance. if price breaks below the support area the the setup will be invalidated Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
COINBASE:XLMUSDLong
by Stargazer_fx
4