💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.3133).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 75.
Take Profits:
TP1= @ 8.4898
TP2= @ 8.5521
TP3= @ 8.6602
TP4= @ 8.7464
TP5= @ 8.8414
SL= Break below S2
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USDTRY
USDTRY LONG!!Beautiful Chart.
Please note that by tradition a descending triangle is bearish. Wrong, the context (point in chart) should never be overlooked. In that, if it's at a top it should be traded with extreme prejudice for going short and at bottom of a trend the opposite . Furthermore, even at bottom sometimes they fail.
Now this chart is showing strength with the quad bottom setup having bounced off this support area 3 other times this should be four.. Please see candle stick prediction (hot pink)
USDTRY 1H (break of resistance zone)Usdtry at the one hour candle the view it have two case or two possibility:
So due to the chart (resistance zone) :
1- Upward
Entry: stable above resistance zone 8.67
Tp.: 8.720 & 8.7800
Sl.: 8.6150
2- Downward
Entry: stable under resistance zone 8.640
Tp.: 8.580 and 8.520
Sl.: 8.6700
———-
Note: i expect the downward possibility is more available than upward
#USDT No.24 (related to No.23)Hello friends
As I mentioned in previous analysis, USDT fell roughly down after losing its support area (specified on the old chart) and now is trying to keep itself over the level 4.0.
I suppose, it could reach the level around 3.77-373 and then we might have a upward movement in the Index ( correction in whole the market )
This is my idea and could be totally wrong
Let's leave a comment below this chart to share our ideas for catching better results
#USDT No.23Well, my last analysis on this chart came true!
as I mentioned frequently, the market is struggling to resist of falling more deep! specially BTC (Leader) needs to hold its support levels and the thing is happening is pumping good news around BTC by influencers to push the market up and sell in more highs and buy the dip again ;) this is so called Bull trap wave
anyway, I don' care about news! each level has its own function and if you know Price action, you can use all movements of the market!
About the chart, I predict it can reach the level 6.24 finally, hence we could have a big bearish movement in whole market!
The level 4.92-5.0 is a nice support area, it needs this level stable for its recent uptrend
And if this index reaches the level 6.24, it can fall down rapidly ( because many buy limit orders have been placed in dip )
USDTRY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.