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XLMUSDT - Breaking through bearish trend resistanceBINANCE:XLMUSDT forms the bottom, relative to which the price develops positive dynamics. After testing 0.0758, a rally is formed and the price makes a retest of the trend resistance. As we can see, a three-day accumulation is formed in relation to the resistance. The market is obviously ready to continue rising, but in order to do that the price needs to overcome the resistance. The resistance at 0.1035 is worth mentioning. The bulls may fight hard for this level and if they manage to hold this area, the coin will show a good result in the middle term, because the level of 0.1035 is the range support, whereas the resistance and the target for the price may be the upper boundary at 0.1305. Support levels: 0.0959 and 0.0987. Resistance levels: upper trendline, 0.1035, 0.1130 I expect a confident bullish position above the level of 0.1035. An indicator for this will be consolidation above the level. Medium-term perspective - growth up to 0.1305. Regards R. Linda!
Long
by RLinda
12
GOLD → The bears are quite strong in the market. Falling furtherOANDA:XAUUSD forms another bearish range of 1912-1985. The price is descending in steps in the channel, which indicates a strong dominance of sellers in the market. What do you want to see next? After the false breakdown of the support 1895, the market tries to buyback the fall and it succeeds. The price makes a retest of the resistance 1912. Another false breakdown is formed, but this time it is resistance. On the schedule is clearly seen a bearish trend, which coincides on H1, D1 and W1. The fundamental background is negative. The Fed is discussing a further rate hike, which may strengthen the dollar and weaken gold. The price is again testing the local support at 1902. If the level is broken through, the price will head towards 1895 and then maybe towards 1890. Resistance levels: 1910, 1912 and 1924. Support levels: 1902, 1895 I expect the price will continue falling down against the bearish trend after breaking through 1902 or 1895. Resistance levels are strong enough and will not let the price through. Regards to R.Linda!
OANDA:XAUUSDShort
by RLinda
27
USDCAD → Realization of a symmetric triangle on W1FX:USDCAD on W1 demonstrates exiting a symmetrical triangle downwards. A correction or rebound from downtrend support is forming. What to expect from the price in the near term? The price forms a bearish price channel and after another retest of the trend support the currency pair forms a rebound to the resistance area 1.32697-1.33171. There is a high probability that the price will not break this area and after consolidation and a break of the limit support level 1.32400 will continue its fall to 1.31214. The market is controlled by the bears, the medium-term potential is 1.28000 The 200-hour moving average acts as resistance and supports the upper boundary of the channel; the 50-hour is support, but probably not for long. Resistance levels: 1.32697, 1.33171, MA-200 Support levels: 1.32400, MA-50 I expect the fall from the resistance area will continue. Realization of the global pattern, which is able to send the price to 1.28000, is forming. Regards R.Linda!
Short
by RLinda
17
GOLD → Price is testing 1912 support for a breakout OANDA:XAUUSD is preparing for further declines. Bears on the basis of negative fundamentals are not going to give up. Another retest of support is forming, which increases the probability of further downside Closing of the daily candlestick on Tuesday is very close to the indicated level of 1912.5. The retest is formed - the market checks the support area. Price starts to consolidate below the local bearish resistance and near the level of 1912.5. Based on the technical analysis we see a very high probability to break through the support (a deep false breakout is possible). But we consider support at 1895 as a medium-term target. But again, if today's news affect the gold prices and if the resistance is broken through, we might see an increase to the upper boundary of the range. The moving averages are pointing to a global stop and an attempt to change the bullish trend. Support levels: 1912.5, 1895.5 Resistance levels: 1917, 1920. The retest gives a strong signal. For this reason, on the background of the falling market, I expect a breakout of the key support with a further decline to 1895. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
26
EURGBP → Formation of a pre-breakout consolidationFX:EURGBP a week earlier forms a break of the resistance of the descending price channel. A consolidation of 0.86000-0.85400 is forming. We see consolidation at the resistance. What to expect from the price? Most likely, the price will continue to test resistance 0.86067. Pre-break consolidation is forming, which can be interpreted as another attempt of price exit from the range, followed by the strengthening of the currency pair. Moving averages are beginning to narrow and if the conditions are favorable, they may soon form a signal that confirms the intention of the market to change the trend. A breakout at 0.8606767 will send the price to 0.86722, but if the breakout does not happen, correction to the trend support will be formed. Resistance levels: 0.86067, 0.86345, 0.86722 Support levels: 0.85725, trend support The market is showing good dynamics and consolidation confirms the intention of the buyers. I am waiting for breakthrough of resistance with the subsequent growth. Regards R. Linda!
Long
by RLinda
18
ETHUSD → implementation of distribution. Target 2300BITSTAMP:ETHUSD has been showing a swell in the last few days. The price is out of the key range. The bullish set-up is working 100% and price is breaking resistance. What to expect from ethereum next? For a long time, the coin formed a wedge pattern, which ended with the price forming a rally after a false break of global trend support and the SMA-200 and breaking not only the wedge resistance, but the trend line and the 1846.5 level. A consolidation above this support area will consolidate the bulls' position and continue to shape the move. Within the price channel, we have an implied target - the resistance area of 2300. Most likely, in the medium term, we should expect growth towards this mark. Support levels: rising support line, previously broken wedge boundary, 1846.5 level Resistance levels: 1920, 2021 Consolidation lasted about 45 days, the distributive phase after consolidation may last for 15 days. I expect that in the mid-term we might see a breakthrough of the local resistances and strengthening of the price to 2300 Regards to R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
16
Bitcoin - Profit target for the next bull run + 32% crash soon! Of course, I am still bearish on Bitcoin, and we are going to hit 20,500 or 17,000 this year. But before it happens, we can go as high as 33,000 because there is a lot of liquidity to be taken. I started to be bearish around 30k a few months ago, and nothing changed in my outlook. But I think 6k and 10k are not possible anymore because Bitcoin proved its strength and the uptrend transformed from a corrective wave into an impulse wave, which is definitely something we cannot ignore in our next trades. A 32% or 40% crash later this year, most likely in September or October, is very possible, and I am expecting this scenario to happen. I prefer a bearish scenario over a bullish one this year, and I do not see any crazy pumps to 35k, 40k, or even higher. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! Now the question is, How far can Bitcoin go in the next bullish cycle? My technical analysis shows around 100,000 USD. We have a huge ascending parallel channel on the LOG weekly scale that you can see on this chart. It has already had five touches, and it started in 2017. What's more, if we take the Fibonacci extension from the start of the previous bull market to the end of the previous bull market and to the end of the previous bear market, the 0.618 FIB extension is right at 104,000 USD. Seriously, please do not expect Bitcoin to hit 300k or 1 million in the next few years; the market cap would be insane if this happened. In the short term, I am pretty neutral because Bitcoin could reach 33K or also start a big crash. At this point, we need more confirmation, so I prefer to trade altcoins at this moment and wait for BTC. I trade over 200 futures pairs, and I have a lot of opportunities everywhere. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
180
NEARUSDT → Double bottom and range breaking BINANCE:NEARUSDT forms several key setups which are quite strong prerequisites for further growth. What to expect from the price? A double bottom is forming at the level of 1.229. The formation period is 7 months. Price is accumulating a huge amount of energy during this period while a range (consolidation) of 1.229-2.596 is forming. At the same time the price breaks the resistance of the descending wedge. In that case, if the bulls hold their positions above the previously broken line, we will see a rise to the upper boundary of the range in the medium term. A breakout of 2.596 will take the price to 3.361. The moving averages are still as resistance, but MA-50 has been tested and may be broken soon. Support levels: the previously broken range boundary, the level of 1.229 Resistance levels: MA-50, 1.800, MA-200 I expect predictable reaction from the bulls. A consolidation above the previously broken line will form an entry point to long positions, and after that I will wait for an increase to resistances. Regards R.Linda!
Long
by RLinda
14
BITCOIN UPDATE Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. First of all, Wishing everyone a profitable and productive week! Today is Monday, and I have some information to share with you. 📰 Last week was nice, and yesterday we witnessed the highest weekly candle close of the year. This week will also mark the monthly close, which is expected to show significant growth. 📈 Since the beginning of the year, Bitcoin has been moving within an ascending channel, forming new HH's and HL's. The correction from $30k was highly predictable, and I have been mentioning it for the past two months. Now, I will share my outlook on future events, and this post will serve as an addition to my recent BTC 1D TF chart. 🔙 The 200MA and 200EMA have performed exceptionally well, and as I mentioned before, I anticipate further growth for BTC in the near future due to several reasons: 1️⃣ The sweep of the high at the $32k level ; 2️⃣ Liq. grab from the monthly FVG ; 3️⃣ The 3.618 level as the next Fib. target ; 4️⃣ The "Manipulation" stage according to PO3 ; 5️⃣ The fifth wave according to Elliot Wave theory ; 6️⃣ Additionally, there is a MACD Bullish Cross. 💡 Remember - Dips are for buying! In the near future, focus more on long positions rather than short ones ! 🔜 Further updates will be provided as new developments unfold !
Short
by bullstraders7
bitcoin update Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. As we said before we can expect more pump here only if the 31K$ resistance zone break but now price is below the resistance so we may have short-term fall too. Major supports: A. 27500$ B. 26700$ C. 25000$ Major resistances are: A. 31000$ B. 34000$
by bullstraders7
GOLD → Consolidation is formed after a trend breakThe market stops OANDA:XAUUSD fall at the local support level of 1912. On Friday, we saw a redemption of the fall, but the price could not overcome the resistance. The retest sent the price down. There is a sideways formation of the range between 1938 and 1912. The price might test one of the key resistances, but there is not much of a potential for the buyers at the moment. Yesterday we analyzed the situation in the high D1 time frame and mentioned that the price broke the uptrend, and if the gold crosses below 1910, it will move under the red zone. The MA50 acts as a local support and the MA-200 keeps pushing the price as resistance. Most likely high volatility may not happen and the price will stay in the above range for some time. Support levels: 1924, MA-50 1918, 1912 Resistance levels: 1928, 1938, MA-200 I expect continuation of the consolidation formation, but in the medium term I expect a fall from the resistance, a possible retest of the support of 1912 and further fall after a breakthrough. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
27
CADCHF → Formation of a pre-breakout consolidationFX:CADCHF is preparing for the continuation of the uptrend. The price within the ascending price channel is forming a consolidation against the resistance 0.68220. What to expect from the price? The chart clearly shows a bullish trend. The market is interested in the resistance at 0.68220, which the sellers are defending so strongly. If the price breaks through that area, it might continue rising, and the CHF-CAD will continue going down. The moving averages show that the market is ready to exit the consolidation. At the same time, the indicator acts as support. The nearest target, which the price can strive for, is the resistance at 0.69312 level. Support levels: SMA-50, trend support, 0.67194 Resistance levels: 0.68030, 0.68220 I expect the consolidation aimed at breaking the resistance will break the level in the nearest future. After the breakdown of the level I will be waiting for the strengthening of the currency pair to the upper boundary of the trend. Regards, R.Linda!
Long
by RLinda
19
GOLD → Breakthrough of the global trend support. 1800? OANDA:XAUUSD last week motivated us to keep a close eye on the trend support and the Triangle Beak pattern. A break of the support breaks the base of the trend, but there is still no confirmation, we only see the primary phase. What to expect from the price? A breakout of the trend base forms quite a strong bearish momentum. Earlier, the broken level was also tested, but the false-break format did not give any result, Price is closing in the red zone on the daily and weekly timeframe. If the bears can hold below 1939, 1925 or even below 1907, they have an excellent corridor to move down towards the 1800 area. Pay attention to the 1907 - 1808 range. We have a void on volume and with the support levels, price could "fly" down. There is a lot of important news coming out this coming week, it is worth keeping an eye on the press releases and considering the news in your trading: I expect bearish scenarios to develop in the coming week. Preliminarily, the Fed is not going to cut rates, they will either hold or increase. There is a crisis in the countries against the background of geopolitical reasons; there are quite a lot of disputable nuances related to inflation in the West. In general, we have a rather complicated situation. Analysts shout about the U.S. recession, it is possible that the price of gold will go down deliberately, but again, everything is just a rumor. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24
Bitcoin - Plan for the next 6 months! (strategy) Bitcoin is pumping, but buying at the current price is not worth it at all. I have been talking about the 10k, 15k, or 20k (unfilled CME gap) for a long time. Usually, summer is choppy, followed by September and October, which are generally very bearish months for Bitcoin. Of course, I am not here to immediately FOMO into Bitcoin, and I do not recommend anyone do it. You can take a look at altcoins; they are extremely bearish, and since I have been bearish for 3 months, they have crashed by 50% or 70%. Just take a look, for example, at MATIC or Cardano. I do not have any Bitcoin because timing is important when it comes to investments. The most efficient way is to buy Bitcoin around 20k later this year and ride the third impulse wave to the upside. I expect a huge ABC correction to be triggered soon, and as we know, the usual retracement for the 1st impulse wave is most likely 0.618 or even deeper. Bitcoin is one of the most bearish assets in the world. Gold almost hit an all-time high, as did Nasdaq. Bitcoin is supposed to be the most bullish asset, right? It already should be above the previous all-time high somewhere around 100k, but it's struggling below 30k. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. I am expecting a big crash on Bitcoin, no matter this recent pump. The market moves in waves, and corrections do make sense to me. I think 10k is no longer possible for Bitcoin due to the recent pump because the current uptrend from 15k is now transforming from a corrective wave into an impulse wave, which is a sign of the start of the bull market. On the chart, you can see a projection for a Diamond or Head and Shoulders pattern that can be formed in the next few months prior to the final dump to 21k.  My strategy and game plan for Bitcoin is that first we are going to go higher, to around 33000, to take the liquidity above the previous swing high from 2022. After that, I am expecting a huge crash back to 25k, and then some consolidation pattern should occur as wave (B). In September, we can expect a final huge crash to 20K, followed by an extremely strong buy-back from whales. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
269
GOLD → Candlestick analysis - the market is ready to fall OANDA:XAUUSD quickly enough reaches the specified target of 1914 and forms a bullish rebound after a false breakout. The price forms a range of 1939-1914, within which it can reach local resistance by the end of the session. The daily timeframe hints that the fall will continue. The price exits the local descending range downward, breaking the support (another view is a break of the triangle support), after which a correction is formed - which is a logical component of trading. And the daily candle on Thursday closes at the very low, which suggests that the potential is not yet exhausted. The gold market is bearish right now. Today's publishings are: 8:30 GMT Manifactruting ( FX:GBPUSD GBP) 13:45 GMT Services PMI ( FX:EURUSD USD) Resistance levels: 1925, 1939. Support levels, 1914. The daily candlestick forms a local level - the low of the day. If price breaks this local support, it will head much lower, as there is a void under 1914 on the chart, but within the trading session a rebound could lead to a strengthening to 1925 or to 1939. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
27
GBPAUD → Price continues to strengthen. I expect a breakthroughFX:GBPAUD is showing a chic dynamic based on the reversal pattern. At the moment the price is in a range and most likely the market will have to form a consolidation before breaking through the flat resistance. Earlier the price acquires strong support from the 200-hour moving average. A strong consolidation forms a bullish position, after which we saw a rally to 1.90000 At the moment, I expect a retest of 1.90353 and the formation of a pullback to support in the near future. In the medium term from the trend support or from the level 1.89200 I would expect an active strengthening of the currency pair. Support levels: trend bottom line, level 1.89200, sma200 Resistance levels: 1.90353, 1.91835 The pound continues to get stronger and the resistance of the range will not stop the price. I expect pre-breakout consolidation with a further breakthrough to 1.91835. Regards R.Linda!
Long
by RLinda
16
GOLD → Price is heading for new lows. What to expect from gold?OANDA:XAUUSD is falling. There was a breakout of the support level. At the moment the gold is in the range 1939 - 1914. Regarding this flat, various scenarios are possible. What to expect from the price in the near future? Obviously, the price is aimed at testing the liquidity zone, which is below 1914. Yesterday, before the American session closed, the price tested the previously broken strong level. There was a shakeout relative to 1939. Now, after capturing the liquidity of 1939, the price is headed down. On the H4, the local resistance level of 1928 is formed and the price is consolidating lower. Gold is likely to hit a new low (1914 or 1900) before a bullish pullback. At the moment, the market is bearish. Until the price breaks one of the key resistances, it will not change. But the price is not going to do that yet :) Resistance levels: 1928, 1939, SMA-50 Support levels: 1920, 1914, 1885 I expect the price fall to 1914. A small pullback may follow from this support, which may further lead to a breakout and a decline to 1900. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
29
TSLA Swing Trading PlanWhile trading off a 2H chart, I have marked pivots with vertical lines. Pivot points are also supported by findings on the three indicators- the price-volume trend, the stochastic RSI and the normalized MACD. The trade plan is quite simple. Upon a pivot low I will buy 3 shares. The actual entry will be made more precisely on the 15 minute chart. Upon a pivot high, I will sell one share to realize that profit. Likewise, the actual exit will be made more precisely on a 15-minute chart. This more or less is a modification of a zig-zag type strategy. Staying on a 2H chart will avoid chasing minor trends and allow trend following of the super trend. In doing so , the trades will be less frequent but will better accuracy and perhaps better gain. For risk management. I will not buy any shares when there is any risk in the trade at all or any of the indicators are even remotely suggestive of bearish divergence or overall trading volume day on day seems to be decreasing.
NASDAQ:TSLALong
by AwesomeAvani
Bitcoin - Bull trap triggered, huge crash is starting! Today I opened a short on BTC, and in this analysis, I will tell you why. In the previous analysis called "Bitcoin - The biggest bull trap in history!" I told you I wanted to short Bitcoin at the 0.618 FIB retracement; today we reached the important level and took liquidity above the previous swing high. Now everyone is extremely bullish, and it's time to short it. On the chart, you can see a huge parallel channel on the weekly scale, and today we retested the trendline of the channel and the POC of the previous triangle. This is a very strong resistance, which is why I expect a huge decline in price in the next few days or even weeks. I am a very transparent trader because I share all the trades that I make with the entry points, SL, and TP. From the Elliott Wave perspective, we can see a falling wedge, which is a bearish leading diagonal pattern with an overlapping wave structure. Usually you want to short it at wave (4) of the diagonal pattern, and we hit this wave today. In my opinion, wave 2 of the higher degree has been completed, and we are ready for the 3rd wave, which can be extremely steep. It's possible that Bitcoin will start consolidating a little bit at the current price, so altcoins can also pump a bit. But it's only going to be temporary. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
227
Bitcoin - The biggest bull trap in history! In the past few days, Bitcoin has been pumping, which I was expecting. I share all trades that I make transparently. But this pump is something that we need to be aware of! Clearly, this falling wedge pattern is coming to an end, because it has been a pretty long time. The price of Bitcoin is stuck in this "range". My ideas on it are the following: We are going to see a bullish breakout above the wedge, just right at the 0.618 FIB. All traders usually try to buy this breakout, but they probably don't know that there is a 0.618 FIB retracement just above the breakout level. Which is definitely an opportunity to short Bitcoin, not long! The next scenario I see is that we are going to see another touch on the upper trendline of the wedge, and after that, we are going to go down in a classic way. I do not expect any strong bullish uptrend above 30k at all, and I am not buying Bitcoin, but we can trade it on futures. From the Elliott Wave perspective, this wedge looks like a leading first wave diagonal pattern, which suggests the start of a huge crash. Now we are in wave (2), which is usually pretty strong and steep, so we can end wave (2) pretty soon! I want to short Bitcoin at the 0.618 FIB retracement, if the price comes to this level! Otherwise, I trade altcoins on futures. We have an unfilled CME GAP at 21k, do not forget it. But I think we are going to go even lower, to 15k or 10k. But I think if we really want to start a bull market, we need to fill the GAP before a new all time high! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
162