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Trendanalysisexplained

AUD/CAD: bullish market structureAustralian Dollar/Canadian Dollar has the potential change of trend that based on this analysis, we're in the smart point to buy. But we formed a Elliot Wave Cycle in this analysis. And analyzing the price action, we see a bullish candlestick in this timeframe. In the RSI in H1 timeframe, I appreciate a bullish hide divergence formed and this mean that there's a curb in this trend that will make reversal. Applying market psychology, could to help you to identify this Elliot Wave pattern. What we have the change to get 155 pips in this trade. This it's the Elliot Wave Cycle, and we're in the phase #4 in this correction before. And applying this market psychology, we can to see a nice overview in this chart. What in H1 timeframe we can to put a buy order limit in $0.9060 CAD, and SL adjust to $0.9009 CAD. So, guys, this trade has a chance to to up. what depend how the candlestick behaviors during the next hours in the range of 8-16 hour, we can to take clue if that zone to buy place it's an accumulation in process to form and look after this range if AUD/CAD will climb . Good Luck!!!
Long
by harisonhbn9718
4
SPX: Still BEARISH! Next KEY POINTS to watch from here!• The index has an open gap at 3,818, which is a technical support level; • Today, it is trying to stabilize above this gap, but the trend is still bearish; • As long as the index keeps doing lower highs/lows in the 1h chart, and it stays below its 21 ema (which is pointing down, by the way), we can’t say the trend will reverse; • So far, there’s no bullish reaction around indicating a possible bounce; • For now, let’s keep our eyes on this gap at 3,818. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
10
NVDA: Trading in a CRITICAL support level (again)!• In our previous analysis, we nailed the bottom on NVDA, and it went up about 16%, until it gave us a top sign on Dec 13 – the link to our previous analysis on NVDA is below this post, as usual; • Now, we must update our key points; • First, there’s a new support area on NVDA, around the purple line + 21 ema. The trend is still bullish, as long as it stays above this dual-support level; • Any bullish reaction above this dual-support level would be an opportunity to buy. So far, there’s no meaningful bottom sign; • What if it loses the dual-support level? Then the next support is at $155, the second support is at $150. So far, there’s no evidence pointing to a downwards breakout as well; • Therefore, it is time to wait, for either a clear bullish reaction, or a possible breakout of this dual-support. I’ll keep you posted on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
SPX: BEAR MODE again! What's next?• The SPX lost our key support at 3,911, a sign of weakness, and this indicates more correction; • Now the index is finally doing a lower low, while it is below the 21 ema – a trait of a bear trend; • In this scenario, the next stop is the 3,818, to fill the last gap (yellow square); • In addition, the 3,911, our previous support, is supposed to work as a resistance in the future, along with the 21 ema. Any bounce to these resistances should be considered just a bounce, before it resumes the bear trend; • So far, there’s no technical evidence that the index will bounce or reverse the sentiment, as there’s no bullish pattern/structure around; • The volume is quite high, indicating that this sell-off is intense, indeed; • For now, let’s focus on our gap. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
AAPL: What it takes to REVERSE? Key Points UPDATED.• Since our previous analysis, AAPL did exactly what it should do, and we scored another target on it – the link to my previous public analysis here on Tradingview is below this post, as usual; • Now, AAPL keeps dropping, and there’s no bottom sign on it yet; • The next support level is at $134, as this point worked as a support in the past a few times; • If AAPL reacts above this support, a bounce to the 21 ema again will be very likely. On the hand, if it loses the $134, the next support level is at $128; • AAPL is trendless, as it is moving erratically, dancing around the 21 ema. However, it seems we have a purple trend line connecting its previous top levels. • Although a bounce to higher levels wouldn’t be a surprise, AAPL would have to break this trend line in order to break free from this trendless situation, to a bull trend again. Only a bounce is not a reversal structure; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
5
TSLA: This is a CRITICAL KEY POINT!• TSLA did a good reaction above our support at $155, which we mentioned in our previous analysis – The link to my previous public analysis here on Tradingview is below this post, as usual; • This could be a bottom sign, at least in the short-term, but the problem is that the trend is still bearish in the 1h chart, and it couldn’t even break the 21 ema this morning; • In order for TSLA bounce again to higher levels, it has to break this 21 ema, and preferably, close above $161; • In this scenario, TSLA would seek the next resistance in the daily chart, the $166, and if it breaks it, the 21 ema is the next stop; • However, this would be just a bounce. As long as TSLA remains under the 21 ema in the daily chart, the trend will remain bearish, without the perspective of a bullish reversal; • In order to seek lower levels, TSLA has to lose the support at $155. In this scenario, the next technical support is at $126; • TSLA is in a critical key point right now, as the way it will react around here could reverse the bear trend – or make it drop even more sharply. Either way, the next movement will be interesting; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
QQQ: Pay attention to this CHART PATTERN!• QQQ is very volatile, and since it hit the ceiling of this Broadening Wedge, it dropped sharply, and now, we are near the bottom line; • If QQQ does a downwards breakout, and loses the support line, the gap at $268.50 is a reasonable target to work with; • So far, there’s no evidence that it’ll react and find a bottom, but if does, the timing couldn’t be better, as we are near a support level; • The 21 ema is flat, and it seems QQQ is just erratic. Either way, as long as it stays inside this Wedge, nothing meaningful will happen. Let’s wait for a breakout. Recently, we scored another target on QQQ (link to my previous analysis is below this post), but now, it is time to be cautious. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
2
AMZN: Next support + KEY POINTS to watch from here!• AMZN is correcting, and there’s no bullish sign indicating a reversal or a bottom on it yet; • Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August; • In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently; • Only if AMZN breaks this key point I see a true reversal on it; • For now, it seems it is just seeking the next support around $85. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
Ethereum: Possible pull back to watch!!!In the past analysis, we see that the price not only move up, this was because as CPI data was bearish for USD that this week I don't be pending in the economic calendar in Forex market, if I do it, I can to adjust my analysis very well. But we only see a one trade for the specific movement in the price. Also, if I would gotten draw the bullish channel flag on December, 12, 2022, I would identify this opportunity to change to long. But as based my technical analysis, it's seem bearish, but in economic calendar spoke us the right direction for the global financial market. But now, we see an interesting trade in Ethereum to long position here, and also another bearish perspective to take in note in all consideration for us. We see a pull back in formation in Ethereum price, what this mean if Ethereum make any bullish signal in the price action, we can to put long position following the green arrow model in this chart, but in another hand, if we see a market trap like the red arrow model in this chart, we can to see a little up, and then a small consolidation in the previous higher in $1,344 USD approx. we can to see a possible bearish signal and a strong volatile to forming a liquidation of long position. As I learned in the previous analysis in Ethereum that my analysis was in short, I was good and this analysis could to happen, but goes to short liquidation in this case. what it's very important to be prepared in both scenario In Daily timeframe, we could to get a clear clue that if this candlestick closed up with any bearish rejection, we could to see a drop incoming days to watch. What it's very important to recall that we would need to be prepared for both scenario: bullish and bearish. Now, I will hope if in H1 timeframe we see a bullish signal in Ethereum price in what the price develop the formation, by the contrary, I will still hope if bearish scenario may to occur in the next days. Good luck!!!
COINBASE:ETHUSD
by harisonhbn9718
TSLA: Incredibly BEARISH! Next KEY POINTS! [UPDATED]• After scoring another target on TSLA, it dropped below our support at $166, giving continuation of this restless bear trend (the link to my previous post is below this analysis, as usual); • Now, TSLA is around the $155, which is a possible support level, as it was a previous resistance on Oct 2020, as seen in the weekly chart below: • As seen in the weekly chart above, the dotted line at $155 is a support area, but there’s another one: The purple trend line; • TSLA is inside a huge Descending Channel since Nov 2021, and it is trading around its bottom line; • Therefore, this is a dual support area made of this dotted line + purple line; • Any bullish reaction in this area could indicate that TSLA would bounce again, maybe to the 21 ema in the weekly chart, or even to the upper purple trend line, retesting the ceiling of this channel again. However, there’s not a single bullish reaction on TSLA right now; • What if it loses this dual support area? Then the $126 is the next support level on TSLA; • The situation is critical on TSLA, and regardless of what happens, we will see interesting movements in the next few weeks. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
SPX: Next KEY POINTS to watch from here! [UPDATED]• The index is going up sharply today, as it found a support around the 61.8% Fibonacci’s Retracement yesterday; • Now, the area around the 4K is a triple support area consisting of: 1) The 61.8% retracement, as we mentioned; 2) The 21 ema; and 3) the previous bottom level the index did yesterday at 4K (green line); • As long as the index stays above this triple support, the bias will remain clearly bullish (in the short-term). Only if the SPX loses this area we would see a sharper pullback in the daily chart; • In the daily chart, the next support is at the 21 ema. Since the index did a top sign yesterday, it wouldn’t be a surprise to see it there, but if it loses the triple support area in the 1h chart, it could drop a little bit more; • The main support is around the red area, between 3,937 – 3,911. The trend will remain bullish (in the mid-term) as long as the index stays above this red area in the daily chart; • Although we had a top sign yesterday, it wasn’t triggered yet, therefore, we must keep our eyes open at the triple support area, and watch carefully the main support areas in the daily chart; • For now, the situation is perfectly under control. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: We nailed another TARGET! What's next?• The index hit our target at 4,083, as it behaved exactly as we expected yesterday, but it seems it is losing strength now. The link to my previous analysis is below this post, as usual. • So far, it is doing a Shooting Star candlestick pattern. Considering it is just under a key resistance, this might be a top sign. • The trend is still clearly bullish, and any pullback to the 21 ema, or even to the 3,974 is acceptable, and would just be an opportunity to buy. • Only if the index drops below this dual-support area made by the 21 ema - 3974 it would frustrate this bullish sentiment. As long as it stays above it, the bullish bias will persist. • What if it breaks the 4,100? Then the 4,200 will be the next resistance to work with. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
EUR/GBP: Best order block to sell in the smart point!!!Euro/Pound look interesting to short in this analysis what we can to be relax to hope that Euro climb to 0.8616 GBP level and watch if this zone will be the starting of the drop in this analysis that I view. I mark the best order block to sell in the smart point in the gray rectangle that cover this zone to sell here. This could be a nice analysis that may to develop here in the next hour to wait. I hope that this analysis support you if you want to trade Euro/Pound in your trading week. Good luck!!!
Short
by harisonhbn9718
2
Ethereum: Possible drop to $1,160 USD in this tradeI see a nice opportunity in Ethereum trad that we can to entry in short position. We're in the perfect pull back of this break out of this bullish channel in H4 timeframe and ready to drop. Also the volatile will define how Ethereum may involving in this drop. Also, another potential chartist pattern it's a bullish channel flag in this chart. What we are looking for short position in this side, if in any case we see a rejection in $1,223 USD level, I will decide if the price action will speak about the uptrend, what definitely we can't to short or long this trade, or maybe we can to see a rejection from this point and then go back to the previous level like $1,290 USD and look in that point maybe another strong resistance to drop significantly. But it's very important understand the price action always, and not use any indicator. For divergence, I don't use a lot indicators as I always use order block, and price action key. So guys, in the next weeks I will offline as I will take my vacations and take off until January 2023 that i will return here in Forex and crypto. And a lot thing I will bring new features to make my analysis as always impeccable and reviews as points to make evaluations of my trades. In both crypto and Forex. So, I put a sell order limit in $1,274 USD and Stop Loss in $1, 326 USD and take profit in $1,160 USD Good luck in this long position
COINBASE:ETHUSDShort
by harisonhbn9718
2
AMC: Triggered our REVERSAL SIGN! What’s next?• In our last analysis, we nailed the top on AMC, as it triggered its key reversal points. In addition, it is way below our original target – the link to my previous public analysis is below this idea; • Now, AMC lost our first target (21 ema, daily chart), and it ignored all of its retracements, including the 61.8%, the last mid-term support level; • Is there any bullish reaction on AMC? Not at all. What’s more, even if it reacts, the 21 ema and the black line at $6.80 are key resistances, and AMC could just bounce to this level to drop again afterwards, since there’s no clear bullish reversal structure on it; • The next support is at $5.05, and if we don’t see any meaningful bullish bottom sign, that’s where we are heading to; • What kind of bullish reaction on AMC could make it bounce again? If it does a bullish candlestick closing above the previous day’s high. This would be a good start. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
1
TSLA: Be aware of these KEY POINTS! [Gap Filled/Target Hit!]• Since our last study on TSLA, it hit our target as it filled the gap at $170 – the link to our previous public analysis is below this post; • However, despite the bullish reaction seen recently, TSLA is trying to reject it, as it is dropping sharply today; • Since the mid-term trend is clearly bearish, in theory, TSLA is just heading to lower levels, and the $166 is the next support to work with (mid-term support); • How could TSLA avoid this scenario? First it has to react as soon as possible and break the $177 again (red line). This could give TSLA more momentum to keep up; • Second, it has to break the 21 ema in the daily chart; • Third, it has to do a clear bullish reversal structure, which there’s none at the moment; • Therefore, it won’t be easy for TSLA, but let’s keep these key points in mind for now. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has moved sideways from the local downtrend line. Let's start with the fact that the price shot up and immediately reached the place of 0.61 Trend-Based Fib Retracement, but quickly returned to the starting place, so again we can consider the previous places as valid resistances and so we have the first resistance at the price of $ 17185, the second at $17,216, the third at $17,241 where the price reversed, then $17,267 and $17,303. Only when BTC overcomes these resistances and then positively tests them will we be able to move on. Now let's move to the support line, as you can see in the coming hours we have the first resistance at $17159, if the price goes lower, the next resistance is $17131, $17088 and $17037. Looking at the CHOP indicator, we see that in the 4-hour interval we still have a lot of energy for the next move, the MACD indicator indicates a local downtrend, while on the RSI we are quite high, however, the place where we are may indicate a sideways trend.
by cryptodailyuk
1
NIO: You must be aware of this KEY POINT! [Trend Analysis].• NIO is still trapped inside a Bearish Flag chart pattern, which we already mentioned in my previous analysis (link below this post); • In theory, this is a continuation pattern, and since the long-term bias is bearish, NIO would trigger it downwards and seek the next target around $5; • What’s more, NIO is quite close to the 21 ema in the weekly chart, another resistance level, and doing a Hanging Man candlestick pattern (so far); • However, in the daily chart, the trend is bullish now, as NIO is doing higher highs/lows and it is above the 21 ema (which is pointing upwards); • If NIO triggers another bullish pivot point by breaking the $14 area, it will probably break this Flag upwards, and in this scenario, the next resistance around $21 becomes the target; • Therefore, the $14 is the key point here. It all depends on how NIO will react near this price level. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
TSLA: Bullseye (again)! Next Key Points to watch [UPDATED].• In our previous post, when TSLA was around $195 I set a target around $179 - $177, if a top sign appears. It happens that TSLA did a Spinning Top, and it dropped sharply afterwards. Now it is below our original target – the link to my previous public analysis is below this post, as usual; • Now, TSLA is just bearish, and so far there’s not a single bullish sign indicating a bottom; • If TSLA reacts and closes above the $177 today, it might bounce to higher levels, like the 21 ema, or even to the $198 again; • In the lack of bullish reaction, we can assume that it’ll seek the gap at $170; • TSLA has been a very easy stock to trade, as its movements are all technical and precise. For now, let’s pay attention to these key points. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
MSFT: Watch out for these KEY POINTS! A delicate bull trend.• MSFT is back to its 21 ema in the daily chart; • The trend is still bullish, despite the drop, but it must react as soon as possible, otherwise, it might reverse the bullish sentiment; • If it loses the 21 ema would be problematic for the bulls, but if it loses the $238 area, the dual-support made by the 38.2% retracement + red line (previous bottom), then it could easily seek the $228 again (61.8% retracement); • Therefore, we must pay extra attention to the key level at $238, as this is our game changer on MSFT; • Since the bias is still bullish, any reaction above $238 would be a buy opportunity, however, there’s no bullish sign confirmed yet; • Only time will tell, but I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:MSFT
by Nathan_The_Finance_Hydra
1
AMZN: Could it turn BULLISH gain? “Only” if it does THIS!• AMZN lost our key support level, after failing in breaking the 21 ema in the daily chart; • The volume is still low, a sign of weakness, and in theory, AMZN is seeking the next support at $85; • Only a miraculous reaction, making it close above the $90.59 again (making this a false breakout), could frustrate this bearish sentiment; • Either way, this is short-term thinking. If you are looking for a long-term reversal sign, watch the $101 area; • The $101 is a multiple support/resistance area. Clearly, this is an important key point. Only if AMZN breaks it we might see it seeking higher levels again – maybe filling the last gap around $133; • For now, let’s focus on the support at $85 and on the short-term resistance at $90. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
2