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WARNING! ETH a lot of energy in the 4H intervalHello everyone, let's take a look at the 4H ETH to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the line of support and as you can see the first support where the price is currently at is $ 2914, if the support breaks down, the next is $ 2829 and $ 2747. Now let's move from the resistance line as you can see the first resistance is $ 3153, if you can break it the next resistance will be $ 3313 and $ 3452. Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move, it is worth paying attention to the MACD indicator which shows that we are returning to the uptrend.
by cryptodailyuk
1
SHIB possible quick move to earn 5.5%Hello everyone, let's take a look at the SHIB to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.00002389, if we manage to keep it, we can move quickly to the resistance point, which will give about 5.5% profit. However, if the support breaks down, the next one is $ 0.00002216. Now let's move from the resistance line, as you can see, the first resistance is $ 0.00002556, if you can break it, the next resistance will be $ 0.00002672 and $ 0.00002768 plus $ 0.00002863. Looking at the CHOP indicator, we can see that in the 4-hour interval some energy was used, while there was some left for the next move.
by cryptodailyuk
1
NZD/USD wave count and fib updateConsidering the wave measurements of "1" and "3", I will expect a 5th wave (wave 3 extended past 1.618 wave 1). I underlined the potential level. If we were to get a 5th wave, then we would most likely get a correction here (triangle or shallow flat). Otherwise, wave "3" could be a "W" as a 1-2-3 can be an ABC, and we would get a larger correction downward, but considering several factors, I will anticipate a wave 4 type correction and a wave 5 as I described.
by thillygoosth
GBP/NZDGN is at overlapping trend fibs, pitchfork, and at a spot in the pattern where it could make a "C" wave to break the trend line. It is over extended and showing divergence on all time frames, on TDI and bollinger bands except for the monthly. It is possible that it did complete a contracted flat pattern and is on its way up considering how this wave looks though. But considering where the trend line is, I think there may be a very nice sell coming. It could even extend up to that larger 1.236 and still come back down, but it may be ready now. Good risk to reward. It is extended way out of the bollinger bands on weekly, with a candle extending above the 200MA. Just keep in mind Gbp/Nzd is an unruly beast. LOL.
Short
by thillygoosth
CAD/CHF I'm shortI posted this before. I believe the correction to be completed and looking to take it down. You see the 1.618 level. the 1.236 extension, which is usually what this 7 swing hits, lines up with the 78% fib, so I would let some run to there, and then look for a long opportunity, which will be much more pips.... Those MA's are the 200 and 800 that it is below, as long as it stays below them, I will hold. I will even allow it to hit trend line before giving up on it, but I think it's ready.
Short
by thillygoosth
GBP/CAD 7 swing, looking for at least a buy scalp...Gcad showed some price action showing potential reversal for retracement. It did pull back in a small 3 wave rejecting the fib level. But since then has been making a 7 swing wxy that measures out to break trend line and reverse, which is very typical. TDI shows it be in a sell on the 1 and 4hr charts, but daily looks like more room up to me. Just understand you are trading within a correction so there are different possibilities of how it plays out. It can finish correcting and just continue down, but it can also turn into a running flat, pulling up much more.
by thillygoosth
NZD/USD I told you the level below the pitchfork. I told you the pattern. I haven't touched my paintbrush mark when I told you it might make a running flat to start the week in the weekly outlook video. I did all I could do.... At this point, my stops in profit from the tip. If it comes down and takes me out (I don't think it will), I will simply enter again. Looking for 50-62% retrace. Need 4hr to daily corrective structure to get in at this point. It will correct eventually. I like NU better than EU or the others because of the wave pattern it made and considering the other NZD pairs...
Long
by thillygoosth
NZD/CHFThere is some NZD and AUD news drivers this week. Forgive the messy chart. But NZD/CHF measures and counts out to be doing a large 7 swing structure going down. I posted the 4 hr yesterday I believe (I will post another close up look). We got a small correction up that seemed to be correcting itself down running into my 50% weekly pitchfork line, and a w-x-y pattern (which it looks like it is making) should most likely brig it up to trend line. If this is a corrective move, then the next sell would be your swing 7 and the long one, which would finish out the overlapping combo patterns trend fib wise, giving you your 50-62% retrace of the full move up on the weekly. This would basically have Nchf correcting up to meet the 200 and 800MA on the daily, then running it back down to fork.
Long
by thillygoosth