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
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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.
USD/TRY: section fast transactionsHi everyone! Technical indicators indicate temporary oversold of USD/TRY. Now pair continues the movement in a local downside channel, but approaches support at the level of 8.59-8.60. On it I expect the movement up to the upper bound of the channel.
Purchase from the support noted on the chart.
TP = 8.6760
SL = 8.58419
Information provided is only educational and should not be used to take action in the market.
This section is intended for short-term speculation. Be ready to leave a position at any time.
#USDT No.21As i mentioned in previous analysis, USDT attacked to breaks the support level around 4.30 in 3 times! and if you followed the comments below, we explained every possibility!
I believe the USDT is able to reach the level 5.50 again, that is caused more falling in the whole market
this part could be more risky for futures traders because of rough fluctuations!
and for spot investers, i suggest to put their orders in main levels now ( because if the market falls down, it could be very exciting and after finishing , market would make recovery movement rapidly)
Don't forget! this is my own opinion! this could be totally wrong