Waiting
Swipe (SXP) Buy ZoneSwipe (SXP) Buy Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : Medium
Swipe has become mid-term neutral as it retested its $1.2 zone and rejected them with recent strength. This means we have to wait for further price action confirmation, which will determine SXP’s next significant move.
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$SXP/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 1.15 - 1.23
TP 1 : 1.275
TP 2 : 1.375
TP 3 : 1.46
TP 4 : 1.53
TP 5 : 1.6
TP 6 : 1.705
TP 7 : 1.765
TP 8 : 1.83
Stop Loss : 1.05
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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BTC, I'd waitUpdate on the BTC wiggle waggle idea, linked below.
BTC is fighting a narrow but important S/R channel (Bright yellow channel), on multiple timeframes. 4H is saying time for a bounce, 12H says not so much.
I'm sitting on my hands until the S/R Channel is resolved. After all it is Monday, lets not make it any worse.
Target #1 = WAIT! for BRIGHT YELLOW CHANNEL to CLEAR
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
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Waiting On The IBEX 35 (SP35) – Indices – Daily CAPITALCOM:SP35
We are just taking a look at the IBEX 35 and not planning on opening up any positions. This trade is a bit too complicated, and there are no clear signals (because there are too many almost) to indicate which way the price wants to go.
A downward trendline from May 2017 connects a peak in February 2020. Technically from this, we can gather that IBEX is still technically in a downtrend. Even though it has dropped in price and climbed to its current position, it still has not crossed our “main” downward trendline signaling an uptrend.
There are quite a few patterns to consider in this example. We have a wedge squeezing price along with two symmetrical triangles. The grey support line indicates a hard support level which is also supported by a round number (SAR round number). Additionally, the valleys are supported by high volume, and when this is the case, you can be assured price will probably come to a halt there. Along with the downward resistance line running across the double top, that support line forms a tightening flag.
If we have to consider these patterns, we can take into consideration that a partial decline has taken place, and it has retraced to the 50% level of the Fibonacci Retracement level.
We can also see a level of HCR (Horizontal Consolidation Region) at the level of support. There is a channel to the left and above, close to the second part of the double top. Both these areas are areas that could halt price movement, but they are so close to the price already that they might not cause any problems.
In terms of the small symmetrical triangle, we can see that the price has reached its apex and some form of a break is imminent. However, if we look at the larger symmetrical triangle, we can see that the price still has room to move before we can come to any conclusion.
If we had to assume that IBEX #% was currently in an uptrend due to the fact that it has been moving up since October 2020, we could see that two trend lines cut through price. One creates the larger symmetrical triangle while the other is used to evaluate if a downtrend has begun again.
By using the 1-2-3 change method, we can see that IBEX 35 is headed in a downtrend but has not closed at the 3 mark, which is the price of 8060. Although, the double top was confirmed with the HCR.
I would not personally enter any position here until I see where the price is going to go. In order to go short, I would wait for the price to move and close below the two support lines and at the 3 mark.
For a long position, I would actually wait until it crossed the massively long downward trendline that is still a level of resistance. You can see this because it reversed when the price tried to reach it twice (the double top). The price would have to close at around 9368 for me to consider a position trading opportunity for a long position.
Hence for the moment, we’ll just sit and wait to see what IBEX 35 is going to do.
USDCAD 4Hr Analysis, Week 4 2022Looking for a pullback to 1.257 for buys
This pair is playing out bearish as anticipated. It is possible that
we can just continue up to the Next 4hr Zone at 1.27300. However, after looking at the daily top wick rejection which is
larger than the body of the daily candle itself.. I question. It is possible we may consildate here at resistance for a day and break up
later in the week. We will see
short then longDERO is good currency but it's price has grown rapidly, and even now, although it has well correction in price, it still seems to be in the overvalued range. In my opinion, the price in the range of 2.5$ can be suitable for buying the first step.
LTC my favorite crypto!LTC could see a minor bounce before hitting that support. You bet I will be buying the dip if it does hit that support. With El Salvador adopting crypto it's only a matter of time before LTC and Iota start doing what cryptos do best. The RRG looks really crazy as the overall trend for most (but not all) crypto is a downtrend. If you finding gains on crypto rn, you are doing well off. But the RRG shows it will not last forever and the setup for crypto almost looks as amazing as gold and silver. Again this is just my opinion.
FTM down trend > target 0.90 buy in FTM weekly time frame -
target 0.90 over next few weeks
watching the DXY on the monthly seems like it will work the channel up to 98 -100
once I see the DXY drop , it signals BTC pump dragging FTM up
Dont expect much action over the Holidays so go enjoy family friends and standby for the action
BTC bearish till ChristmasAfter today's dip, BTC hit as low as 41.6K. The shock perfectly matched with the time for cash-out before year's biggest holiday. The market is now even more unexpectable after what happened today and would take at least few more days to have an overall picture of the trend and do a proper technical analysis. However, as I thought, BTC might still has a way to go down to at least around 40K. My advice is to anticipate the market movement for few more days before actually start trading, but if you had already opened one, panic selling is not the way and buying the dip is always an option.
GBP/JPY- Neutral until December. GJ is currently on a triangle pattern, bouncing between zones and getting closer to an area where will give us clarity of a better direction. Good way to start December. This pair would be good to trade only if you're an advance trader and like to trade short term, daily trader.
-NOT A FINANCIAL ADVISOR, THIS IS ONLY FOR ENTERTAINMENT PURPOSE. TRADE AT YOUR OWN RISK.
BTC#btcUSDT Update:
$btccurrently trading at $47750
1____MACD confirmed uptrend moving
2____ TSI confirm uptrend moving
3____ and ICIMOKU doesn't confirm uptrend moving, wait for Ichimoku confirmation(lagging span and price out of the cloud ) next two days.
So what now..?
wait...
but if BTC goes upper than 49320$ (strong) you can buy...
as advice don't open any position in the next two days.
Must follow me for the latest crypto real-time updates.
good luck :)
CHR USDT #CHRUSDT Update:
$CHRcurrently trading at $0.3010
1____price touched the trend line (uptrend)
2____MACD confirmed uptrend moving
3____ TSI doesn't confirm uptrend moving
2____ and ICIMOKU doesn't confirm uptrend moving, wait for Ichimoku confirmation(lagging span and price out of the cloud ) next two days.
So what now..?
wait...
Must follow me for the latest crypto real-time updates.
good luck :)