Get started

Trendanalysisexplained

SOL/USD: Bought in the demand zoneSolana look very interesting to long in this point. I will consider this trade to long in this cryptocurrency from $40.10 USD. I put my SL to $36.80 USD, And we could to see 2 targets to watch. The first target will be around $46.60 USD. And my expect 2nd target will be around $50.40 USD. It's look a increase of almost 26% in this single trade. I'm long in Solana now!!! Meanwhile, we're still in this chartist pattern called bearish rising wedge, and also, we could to look a good opportunity to not only short, but long into this consolidation that Solana forming now. In difference that in H4 and H8 we forming a bullish channel, we expect that only the price still up until $50 dollar. The H4 still bullish. So guys, I like to trade in H4 timeframe or above in cryptocurrencies, you can to take a lot time to make anything what do you like, cryptocurrency it's very easy to trade only following the trend, but Forex market, as I know that it's a global financial market, it's very hard and a pure market that you must to read a lot economical news and pay attention what challenges apply the central bank to take decision to change the perspective. And also it's required a lot study continuously.
FTX:SOLUSDLong
by harisonhbn9718
1
Cardano look bearish in weeklyCardano look bearish in weekly chart as we see that we're in the bullish correction before to continue drop. But we hope to find down a good opportunity to short ADA, I believe that it's not far to reach down $0.17 cents, but this it's some possibility to happen. But Cardano could to reach down to $0.27 cents in the next weeks to see. Also guys, buying Cardano below of $0.30 cents it's very good to accumulate ADA in this bear market and preparing your cash to buy this cryptocurrency and hold for ever until reach your own goal. Also, I draw the Cardano logo here and look precious and beautiful my design to present this cryptocurrency for crypto-enthusiastic. I hope that this analysis support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
1
Bitcoin it's in the key point to short now!!!Analyzing by Daily timeframe, we're in the good point and Bitcoin continue down. What we could to expect it's that Bitcoin continue down and then break-out this chartist pattern to the downtrend direction. I found out that measure the forecast we can to predict that the next goal it's to reach down to $14,600 USD next target to short. Also, I change my past analysis in Bitcoin in H4 timeframe that we're ok shorting from $24,030 USD. But we see in this point a huge opportunity to get benefit in this bear market. If you want to follow this strategy and trade by swing trading, you can to entry now in the market price, because in 3 Daily timeframe, I see the confirmation very clearly that Bitcoin goes to another bearish movement soon. You can to put your Stop Loss to around $26,060 USD. It's a risk of 14% in this trade, but you can to calculate your money management to know the risk and see the benefit. Now, if choose this target $14,600 USD, This could be a benefit of almost 35% shorting Bitcoin. But as I'm shorting from the $24,030 USD, I only extend my Stop Loss to $26,060 USD, And I change my mindset to now take the opportunity to short Bitcoin. This it's the Daily chart and we see this bearish perspective in my plan to make swing trading. I would like to make day trading when we're in the Gold point to short, and when analyzing the macrotrend like Daily timeframe or more, to take best perspective to short and change my strategy to swing. I hope that this strategy support you and take best decision to short in this bear market in crypto. I linked my related idea for more information of my past trade in Bitcoin that I explain that I was shorting from $24,030 USD and also my weekly analysis perspective.
COINBASE:BTCUSDShort
by harisonhbn9718
3
US30. This Move Is Big! If you take a look at at the weekly timeframe you'll see US30 has been in a downtrend since February 2022. Stocks began to decrease significantly taking out 2021 higher lows where most people during the Covid began to invest heavily. Now, in August 2022, if US30 can push past 33,462, the last lower high this could signal a positive opportunity for people who invest in stocks. However, if price shows a bearish signal here, more downside could be seen. I'd like to be hopeful in the scenario this index does present bullish opportunities. If not, it's best to be prepared. I'll be watching this on the daily timeframe. Thanks for reading.
EIGHTCAP:US30
by ShaquanLopez
Bitcoin: Positive sideBitcoin could to ending this ABC correction pattern, but we could to forming an accumulation zone from this zone. But in case that we break-out the resistance of $30k. This could be confirmed with pull back, and if pass this test, then, Bitcoin will return to the bull rally. This it's the positive side only that using some key factor that affect the #Bitcoin price. 1) Inflation rate (Gross Domestic product) 2) Interest rate 3) U.S. Dollar news by Federal Reserve (correlated) 4) Macroeconomic news ***It's very important to read what happen in Forex market (correlated with U.S. Dollar) to know the perspective by medium to long term, and using this fundamental analysis, we could to project the decision on how the global market will work. Anyway, I will make an analysis in the negative side to know if Bitcoin will forming any bearish correction from this point like 2018 when we forming the descending triangle around 6k and drop 50% to $3k on the 4th quarter of 2018. I hope that this idea support you
COINBASE:BTCUSDLong
by harisonhbn9718
Ethereum could to ending this ABC correction patternEthereum could to ending this ABC correction pattern in weekly timeframe what we look an interesting point to view that in based what will be the reaction of Forex market for the next weeks, I can to take a good plan to change my mindset and look possible bought in the new bull rally, but there're some point that we would need to confirm. 1) Fundamental Analysis 2) Technical Analysis 3) Look the sights by medium to long term in based of these first 2 points. Well, I share this screenshot in weekly analysis that we formed an ABCD correction pattern and we have the same measurement using Fibonacci for harmonic. So, in based of the ABC correction pattern, we could to se a new bull rally soon. But, this rally we need to support by negative news in the global economy, with more correlated with U.S. Dollar, look the interest rates, Gross Domestic Product and more macroeconomic data to confirm it that Ethereum it's in the good point to bought. By the contrary, we could to invalided this pattern and in case of more crash, so, we don't ending the bear market. We're in the bear market yet, but using some point mentioned above, you can to take better decision to invest in crypto or stocks. Now, I look that in monthly timeframe, we closed up pretty positive to consider a bought, but I'm interesting to trade and check-out the short timeframe like Daily if we could to see a opportunity to trade Ethereum to long. I hope that this analysis support you!!!
COINBASE:ETHUSDLong
by harisonhbn9718
1
BTC/USD: Bearish channel outlookBitcoin forming a bearish channel that still in this downtrend and we're in the good point to short in Daily timeframe to short this bear market. Also I read that Elon Musk (CEO of Tesla) sold all his Bitcoin worth in over $770 million. Also for reference, I apply the fibonacci level and Bitcoin it's in the point of 0.382% to sell in this timeframe. We formed a bearish hammer indicating sell-off. I will take a short position now and I put my sell order limit to $22,500 USD. Stop Loss to $25,650 USD and my target to $14,000 USD. I see a bearish perspective in Daily and Bitcoin it's preparing to another crash incoming. Good luck!!!
COINBASE:BTCUSDShort
by harisonhbn9718
1
USD/CAD: UpdateU.S. Dollar/Canadian Dollar drag the value in front of CAD. So, in the morning, I made an analysis in my iphone to entry in this short, what I'm in profit too with over 18 pips at the moment of this analsysis. So, i found out this trade marking the 0.618% fibonacci. I entry around $1.2838 CAD In H4 timeframe, the trend come bearish, what I believe that I entry in the good point of this analysis shorting USD. This it's my Daily analysis and I expect a drop to the key support of this bullish channel around $1.2650 CAD following this bad news for the Federal Reserv ethat hike interest rate to another 0.75% more, and the GDP fell to -0.9% and made contraction of the economy, more inflation coming for what the FED do. I hope that this analysis support you. I learn that in based this fundamental news, we could to hope the big event how the U.S. Dollar will make their reaction in front of the financail market, becuase that affect and make impact for another Forex currencies, stocks and cryptocurrencies. Also, it's better to wait the result and then take decision in based the fundamental anaysis when we see a big event, and everyday read a lot and check out the economic calendar. This it's not only you will get a clue, but you will take a better decision to analyze the result and how the market will make their reaction. For that, I was in long in USD/JPY and in profit with over 53 pips, when USD fall and take me my SL. It's better when you trade before of the event, closed up the trades and wait to know their results, ever!!! And take a journal of your forex analysis to take appointment and notes of all event in the financial market and Forex. I hope that thi reflection take an idea in the next event of Forex market.
Short
by harisonhbn9718
1
CAD/CHFAt the moment, Canadian Dollar/Swiss Franc forming a nice bullish rising wedge and could to make an interesting movement that we could to find up long position in the smart zone to bought. As I'm shorting CAD/CHF and I'm in profit with over 30 pips. This analysis look very interesting to have a trade plan. i hope that this idea support you!!! In Daily timeframe, we could to see an interesting chart to look because the candlestick still in this downtrend, and we could to see that price could to move to $0.7380 CHF (Daily strong support) that I show you here. I'm shorting CAD/CHF what I made a comment in my past analysis CAD/CHF to short on Tuesday, what I expect to down, then up as I expect and now the price was in the weak, but now, I'm in profit in CAD/CHF.
Short
by harisonhbn9718
CAD/CHF:short positionCanadian dollar/Suisse Franc look besrish in this side in H1 yimeframe. I put a sell order limit to $0.7480 CHF ,Stop Loss to $0.7501(21 pips) CHF and take profit of $0.7423 CHF (56 pips). Also, I share the H4 timeframe that CADCHF broker down the uptrend line and we're I this corrección in the market. Also we forming a bearish channel in this timeframe what we could to gind up good opportunity itu to short Canadian Dollar. I hope that this idea support you. Remember, FED will make a news about interest rates decision and traders expect that this news becomes bullish in USD. Good luck!!!
Short
by harisonhbn9718
12
USD/JPY:- Bullish butterflyUSD/JPY doesnt for.ed a drop that I hope. What it's mena in this update that USDJPY for.ed a bullish butterfly harmonic ic pattern here. I closed up my short and put in Long in Usdjpy. Around $136.66 JPY. Stop Loss to $136.11 JPY and target to $137.66 JPY. I will update this par when I go back to my home in the afternoon. Because the price action show me a diferente perspective that could to occur in the Usd Please entry in Long now and follow my SL and take profit. We dee a bullish butterfly harmonic pattern.
Long
by harisonhbn9718
1