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Trendanalysisexplained

U.S. WTI OIL bullish setupIn 3 Daily timeframe, Oil it's look bullish and I add another long position to make a swing trading in this commodity. The trade info it's in this display as I show you. I see that Oil could to reach $145 USD/barrel in my perspective and we could to find up good benefit in this trade. Meanwhile, in weekly timeframe, we see that Oil it's look bullish in this side and it's leading in my own opinion toward $145 USD. I share this fibonacci analyze and I see that the price hold in the 0.382% Fibonacci support and we have 3 targets to note in this Fibonacci extension. But I consider that $145 USD it's a good point what Oil could to hit. I hope that this analysis support you!!! I'm in long swing trade in Oil But more later, i will update my day trade to show my perspective, but I suggested that if you trade by Day Trading, change your target to $126 USD. because we see a bull run in this commodity.
TVC:USOILLong
by harisonhbn9718
AUD/CAD: short positionAustralian Dollar/Canadian Dollar it's moving to the downside and I see a bearish trade from the market price to my target toward $0.8922 CAD. So, I'm shorting AUD/CAD by technical analysis, and very important the fundamental analysis about what happen in China about 1) Data earlier Monday from China showed the country's export growth slowed to single digits in April, growing 3.9% in April from a year earlier, compared with the 14.7% growth reported in March. The growth was the slowest since June 2020. 2) China’s new yuan loans are expected to have dropped in April after a rebound in March as credit demand weakened, a Reuters poll showed, even as the central bank keeps policy accommodative to support the slowing economy. So, directly this news will affect the Aussie in this bad news on how the export it's slowed since previously month April that fail to 3.9% and now it's a trouble as that comparsion it's very low than March that was 14.7% and indicate a slow productinn of exportation growth and all it's about the lockdown of covid-19 in China cities and another issue in the healthy system. The Daily timeframe it's look bearish!!! This it's the H1 timeframe and this it's a confirmation combining and analyzing the H1 and H4, I took decision to short AUD now! by price action, we see a bearish hammer here and in H4 we see like a bearish engulfing in this timefframe So, I'm shorting AUD/CAD now Good luck!!!
Short
by harisonhbn9718
1
BTC - Volume Profile Levels + Trend-Based Fibonacci ExtentionFixed range volume profile was set from 15 Dec 2018 which is equal to $3135 bottom price and up to $68976 10 Nov 2021. Based on that information I have drawn levels that show us strong zones for holding price movement. As you can see there is fighting for a 30K support level between bulls and bears. For us, it is an important zone, because if we drop below it the next support will be around $19852 which is the previous cycle high on 17 Dec 2017. Unfortunately, that zone is not strong enough and we might see an even deeper price drop to $14300 - $11300. Let's move to the Trend-based Fibonacci extension . I have drawn it from the previous higher high of $68976 on 10 Nov 2021 to a lower low of $33037 on 24 Jan 2022 and to a lower high of $48239 on 28 March. The last movement of BTC was down up to 0.5 level of Trend-Based Fibonacci Extention. Potentially, if get a new higher inflation rate and U.S. Dollar Currency Index will go up we can expect the BTC price to be around 0.618 ($26198) and 0.786 ($20151). If tomorrow we get a lower inflation rate it will give a chance for growth to 0.382 ($34694) and 0.27 ($38726). Also, I have depicted 3 waves of bear market movement on the chart. May the profit be with you!
INDEX:BTCUSD
by PaulSnow
6
Bitcoin overview marketDuring these days, Bitcoin made a crash during days as U.S. Federal Reserve made a hike interest rates a signal of tightening the U.S. Dollar in Forex market. So, I was worrying in the Daily timeframe because broke down the EMA 200. And I suppose a possible bearish movement in Bitcoin price below $30,000 USD. But notice one thing that we're in the demand zone on weekly timeframe and it's important to know how the price action will make reaction in that key zone to watch out. For example: in weekly timeframe it's look bullish, until doesn't broke down this market structure, we couldn't to confirm a change of trend. But fundamental analysis speak us that U.S. Dollar it's taking strengthening as global currency and more power But it's important to watch out this key level of supply demand right now I hope that this idea support you. So, as I'm bearish in altcoins like Cardano and NEO, that expectative could to point that Bitcoin could to crash more than we expect. I have a clear mind that Bitcoin and cryptocurrencies it's in the bear market.
COINBASE:BTCUSDShort
by harisonhbn9718
BTC outlook for 10 May 2022. BTC trading back above 32k at the moment. Looking at the weekly timeframe we can see that BTC is rejecting a very strong support zone around 30k. This is what I'm looking out for toady: 1) For bullish continuation I would like to see BTC establish a strong support before seeing the 4h or daily timeframe create a little uptrend back towards my previous trend line around the 40k level. 2) I expect further downwards momentum if BTC either closes weak bearish on the daily timeframe or breaks yesterday's low's around the 30k level. Overall I will remain bearish in the short term until BTC manages to push back upwards towards my previous long term trend line and closes back above it.
Short
by WickFillerDude
EUR/CAD: bullish perspectiveEuro/Canadian Dollar it's look bullish in this side. But this it's a good position to take note right now. So, I will open up a buy order limit exactly in the price of $1.3592 CAD and SL to $1.3544 CAD (48 pips) and my own target to $1.3710 CAD (118 pips) The H4 it's bullish Now, the H1 timeframe, I hope that the price make a activate the key buy order limit below of the market price becuase there're some order to being activate in this trade. Also, I have another point to monitoring the price of $1.3689 CAD to watch this possible key manipulation in that price. I hope that this idea support you
Long
by harisonhbn9718
Buying This Again. Will Join Me? What I love about USDJPY is she has been showing clear signs of an uptrend. She has been creating higher highs and higher lows for the past few months and it has been a joy to watch. I've not been able to catch all of the opportunities she has presented because she doesn't fit each of my 3 three rules, but 'm hoping she can meet it this week. If she can pullback to my estimation zone( my personal name for my strategy) and prove she can stay above 128.617 I'll buy her again. This is a tight pullback which is known as a narrow trend. Here is what this tells me and I'm happy to share it with you. It tells me 3 things: 1. My risk to reward will be close to a 1:1. 2. The trade may can take less than 3 days to give profit. If my rules are met she could give profit in less than 24 hours if no fundamentals impact her movement, 3. I could enter this trade no later than tomorrow pending on her candle closures. At this moment I do not have a 1:1 trade so if price can pull back a little deeper past my zone, but still stay above 128.617 I can happily buy JPY at a great price. Does your analysis resemble the same buying sentiment? Let's talk about it below. Share your thoughts or questions and let us chat. No hateful or unkind words please.
Long
by ShaquanLopez
4
BTC outlook for 9 May 2022. BTC continuing its drop towards my long term trend line and is currently trading around it today. I believe this will prove to be a strong level of support for BTC and we will finally see some consolidation in the market after the bearish push experienced the last couple of days. The level of 33k aligns with both my long term trend line as well as the strong rejection zone back from 24 Jan where BTC dropped to 33k and rejected it quite heavily. If we can see BTC respect this level I believe a bottom here would make sense and we could see a relief bounce in the market.
by WickFillerDude
XRP/USD: Road to $0.20 centsXRP doesnt't hit their historical maximum price of $3.42 USD since January 2019 (past big altseason), but XRP made a historical maximum price of almost $1.90 USD since April 2021 and we never make a higher high since then. So guys, technically, we forming a descending triangle in the price and we could to look a possible crash of 60% of their price to take note in this cryptocurrency and mark a road to $0.20 cents approximately. Also the MACD indicator show sell inminent if you hold XRP because we suppose a possible big crash in the crypto-market and the worse it's happening now!!! So guys, buy again XRP to $0.20 cents, it's incredible if the price reach this level very cheap. I would like to buy a lot XRP and accumulate in my trading app to find up 200% yearly to get that compound interest and increasing XRP assets by long term like excellent opportunities to long term. So, I will take in my radar my favorite altcoin that it's Ripple or called XRP. Do you know that XRP has a strong fundamental key to take in note by long term!!!!
BITSTAMP:XRPUSDShort
by harisonhbn9718
11
ADA/USD: To the road to 0.50 centsWe see the bear trend in Cardano in monthly timeframe and I believe that this cryptocurrency will start this bearish movement to find down price around 0.50 cents. Also, I mark a yellow key support around of $0.41 cents Do you agree with this idea? Also, if Cardano reach $0.50 cents. I will adjust a good plan to accumulate Cardano by my trading app to accumulate a lot of this coin by long term. And also some cryptocurrencies that I consider like opportunities to the long term.
BINANCE:ADAUSDShort
by harisonhbn9718
1
BTC outlook for 7 May 2022. BTC has broken my long term trend line to the downside with the next major support zone around the 35k level. I do believe BTC will continue falling down towards this level before establishing a new level of support and decide where to go from there. This is what I am looking out for next: 1) BTC can push back upwards to retest the high 36k level before rejecting it and continuing downwards towards the next major support zone. 2) BTC breaks below minor support on the 4h around 35,7k and continues pushing down towards the next major support zone. 3) Unlikely event: BTC pushes back upwards and creates a big fake out on my long term trend line. This is very unlikely as the sentiment for BTC is very bearish at the moment. BTC will have to push back up towards the 38k level for a fake out to have occurred.
Short
by WickFillerDude
SPX: Hit our TARGET but it is CRASHING now! What's next?Hello traders and investors! Despite the volatility, the index did exactly as we described in our last analysis. It hit our target, and it is crashing. Let’s see what’s going on. Yesterday I mentioned the 4,200 as the key point that would bring the index to the 4,299 (purple line). The index hit our target with an incredible precision, just to drop again. The link to my previous analysis is below this post, as usual. Today, it gapped down (yellow square), lost the support at the 4,200 (previous resistances should work as support levels, in theory), and it lost the 21 ema too. Now, it seems it is seeking the next support at 4,148 (black line). If the index loses this black line, it’ll face some problems, as the next support is only at 4,062. Let’s take a look at the daily chart for more clues. Today’s reaction is rejecting the bullish candlestick it did yesterday, and it is below our support at 4,167 again. It almost hit the 21 ema in the daily chart, something I was expecting it would do since it did the Hammer candlestick pattern on May 2 (just check my analysis on May 3 for more details). This reversal pattern was a success, as we expected, but right now, we can’t say the index is a buy again. It is not a sell either, as we are just at support levels and the risk/reward ratio is not attractive at all (to me, at least). For now, I’m neutral on the index, but many individual stocks are looking incredible, if you ask me. There are plenty of opportunities out there, much more interesting than the SPX, if you know where to look. I do daily analysis on the SPX, so if you want to keep in touch, remember to follow me to not miss any of my future analyses. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
11
BTC outlook for 2 May 2022. BTC has made a perfect retest on my long term trend line and has rejected it to the upside indicating that BTC remains bullish over the long term. As long as this trend line is respected I do believe we will see the start of a nice bull run over the next month. I would like to see BTC push over the course of the next week towards the 40k level and close well above it as this is a strong psychological level to break above. The longer BTC fails to break above the 40k level the more likely it will drop back down towards my long term trend line and possibly break it to the downside, starting the bear market.
Long
by WickFillerDude
EUR/GBP: Shoulder Head ShoulderEuro/Great Britain Pound forming a Shoulder Head Shoulder and make this break-out. But we should need to hope a pull back like this in the blue arrow sample to take best decision and short Euro. Meanwhile, we see a bearish divergence forming in the RSI where it's speak us the weakness in the trend in this par to shorting. The RSI indicator formed higher low in 3 occasion. This it's the Shoulder Head Shoulder more better in H4 timeframe and we break out this neckline that we see. We hope next trade. Also, in Daily timeframe, we forming a demand and supply zone that I drawed here I hope that this analysis support you!!!
Short
by harisonhbn9718
2
SOL/USD: short positionSolana make resistance in the 0.618% of Fibonacci level and the price action it's speaking us that it's a good moment to sell this cryptocurrency, or if you make trading in cryptocurrency, Solana it's one of cryptocurrencies that it's moving to the downside in H1 timeframe. I put a short posiiton right now in the market price and SL to $91.70 USD and target to $78.10 USD. This it's a risk/benefit of almost 1:3. It's an escellent and good position to trade Soalana to short. So guys, we see that right now in our technical analsysi, the price action speaking us right now the moment to sell Solana, we see a bearish darkness cloud the in high and more litle down we see a bearish hammer indicating the moment to sell now. Good luck!!!
FTX:SOLUSDShort
by harisonhbn9718
2