WAVES - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WAVES is sitting around a strong support zone in green so we will be looking for buy setups.
on H4: WAVES is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, WAVES would be overall bearish can still trade lower till the lower green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Zone
ICPUSDT Provides Great Buying OpportunityICP is an underrated alt that I believe has a lot going for it. There was an initial dump that occurred day 1 which everyone got upset about however this isn't really out of the ordinary. If you go to their site you can see the metrics for yourself. As all of my followers are aware, I specifically look for basing pattern just like this to capitalize on, and I do that very well. We have a falling wedge with 2 touches on the hypotenuse that signals a breakout is coming. When that happens, I am sure everyone will be talking about it. There are plenty of opportunities to take easy profits here on the way up, similar to what I did with SHIB, KDA, and many others. My overall goal for this cycle is to see ICP hit 300. That isn't out of the realm of possibility since it has been much higher than that previously.
Tell me what you think?
This is not financial advice. Do your own due diligence.
AUDUSD Long EntryAUDUSD has been in a consistent downtrend for over a month. The price has repeatedly set lower lows and lower highs but recently has established a support level, 0.70937, that price has been respected multiple times. It appears that the price is beginning to form a range, and as the price has fallen back to the support zone mentioned a long entry seems appropriate. The target for this trade is at the top of the range at the 0.71700 level. The stop loss area for this trade is located at the yearly low of 0.712.
Price Action : Cardano, Where is the best zone to buy?Identify
Cardano : ADA
Market Caps: 50B (6th globally)
The long-term trend is an uptrend when the price makes a high, higher than the previous high. Price peaked at: 3,085 USD (According to Binance) and is trending back
So where will the price go?
According to my method, the price will go to 2 places, the old top or the old bottom. Currently, the price has broken the old peak (area 2.3 - 2.47) and has returned to retest 2 times and succeeded.
It is predicted that the price will go to the previous strong buy zone and then continue to rise in the big uptrend.
Potential buy zone is 1.03 - 1.16 USD
AUDUSD - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AUDUSD is sitting around daily support in blue so we will be looking for buy setups on lower timeframes.
on H1: AUDUSD is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, AUDUSD would be overall bearish can still trade lower inside the blue support before going up, or even break it downward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALICE after breakout auf sym.triangle (TARGET)Alice and the METAWORLD is pumping without a break...
After Break out of the sym. triangle and the yellow zone between 16,50 and 18,00$
we will see a new ATH for $Alice
Here we can see a retest at the 18$ zone... and then pump to our target 33-35$.
This Trade will bring us 90-100% in SPOT
ReX Trading
TLM testing resistanceHello everyone, hope you all doing well.
TLM has an strong resistance on 0.38 level, with break of this level, there is literally no other resistance on its way up.
Sounds crazy but I can say Take profit zone is : 0.88 after the breakout.
Enjoy
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* This is not a financial advice, use the idea with your own strategy and risk management *
NVDA BEARISH PUSH NVIDIA has started a downtrend after a good growth and a bullish trend .
On a daily chart is forming bigger bearish formation candles.
First target is around 261. 05 -
Nice run up to earnings , however, extremely overbought and looking ripe for a correction. A correction would actually be more bullish in the long term. Watching for 261 but wouldn’t be surprised to see 200 in the next few months.
Currently, price is bouncing sideway between the SR zones. We still don’t know if price has done with the correction and the downside move, or it still wants to drop further.
Since price could not make a higher high and has made a lower high:
If the support zone around $290 broken out to the downside, there is a high probability of more drop towards the next support zone around $260
On the other hand, price has been pushed to the upside from the first support zone and could not make a lower low:
We can see the upside pressure and if price breaks the resistance zone around $307 and makes a higher high and fixes above this level, we can expect more rise towards the last major high at $323 and in the case of an upside breakout on this level, the next possible target would be around $365
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
CHFJPY - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
CHFJPY is sitting around a daily resistance in blue so we will be looking for sell setups.
on H4: CHFJPY formed a valid head and shoulders pattern but it is not ready to go yet. Before we sell, we want the bears to take over again.
Trigger => Waiting for a momentum candle close below the gray neckline to sell.
Until the sell is activated, C HFJPY would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDJPY - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
NZDJPY is sitting around daily support so we will be looking for buy setups on lower timeframes.
on H1: NZDJPY formed a wedge pattern in red but it is not ready to go yet. before we buy, we want the bulls to prove control again.
Trigger => Waiting for a momentum candle close above the last high to buy. If the price forms a new high around the trendline, then we will update our trigger.
Meanwhile, until the buy is activated , NZDJPY would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ZILLOW GROUP INC. DROPPED TO KEY SUPPORT LEVEL ON WEDNESDAYZillow Group Inc.’s roughly $1.15 billion pile of mortgage bonds tied to its home-buying business has been thrust into the spotlight after the real-estate giant on Tuesday called it quits on its iBuying home-flipping business. The Class C shares Z, -24.92% plunged 24.6% in afternoon trading, and the Class A shares ZG, -22.95% plummeted 23.4%, both toward 15-month lows, after Zillow reported late Tuesday a surprise third-quarter loss and revenue miss, said it would cut about 25% of its workforce and announced plans to “wind down” its iBuying service after disclosing losses of more than $550 million on homes purchased. The Class C shares are suffering the most significant one-day drop since November 2018. They have now slid 36.6% over the past three days, and the A shares have shed 38.1% over the same time.
But at the moment analyst’s target zone for the C shares is about 75% above current levels, and the average A price target implies 80.8% upside. The fair value is around $343.54, with a forecast earnings growth of 69.91% per year.
Also, on the weekly chart after the big drop yesterday, we see that the price stopped at 23.6 Fibo level and a strong support line at $65.00. It would be interesting how the traders will react in the following days.
If the price continues to fall and break these levels, it is possible to see a price test around $50.00 or lower levels around $28.00 or slide at the low levels from March 2020 around $20.00.
Looking at our short-term oscillators, we see that the RSI rebounded from slightly above its 30 lines, while the MACD, although below both it's zero and trigger lines, shows signs of bottoming as well, and they marked that the price is in the oversold zone. If the price rebounds from this current level and the traders receive any positive news in the following days, it will activate the bulls on the market. The positive sign will be the price breakthrough the 38.2Fibo level around $91.00 will probably test 50.0 Fibo around $114.00 or go higher around $135.00.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
The sell zone on EURUSD remainsOn 21st of October we looked at the sell zone and 2 entry options here on EURUSD
Both scenarios are still active.
We are expecting a breakout of the support in order to confirm a downside move. That would be a secure entry. Trades at current price levels are quite risky!
It is also possible to see rise in price above 1,1700 and then a reversal.
Follow our daily analysis to see the development of this setup.
Two entry options on EURUSD In our previous analysis we showed you the sell zone and the levels that we expect.
Today we're looking at out two entry options.
The first one is the more aggressive one, which means price rejecting the current levels or the sell zone.
You enter once you get a candlestick pattern signal.
The second one requires some patience.
A breakout of previous low will indicate an end to the retracement, therefore a beginning of a new downside move.
Which one to choose is totally up to you - do you want to have a better risk to reward ratio with a little bit more risk, or a confirmed entry with not such a good ratio.
USDCAD - Looking for support at the .23100 LevelUSDCAD
BUY LIMIT @ 1.23100
Stop Loss: 1.23020 (Add Spread)
TP 1 (1R): 1.23186 (Scalp TP / SL→BE)
TP 2 (3R): 1.23356
TP 3 (5R): 1.23526
TP 4 (10R): 1.23950
Reason: Price showed strong resistance in this area in its last testing action to the left. I would like to see price react, and I will be waiting for a Break of Structure or a Wyckoff Accumulation Schematic for my entry. Alternatively, set the limit and cross your fingers 😅😅 Are you guys looking at the same thing??
EURUSD with a sell zoneAs of right now EURUSD has been moving totally as expected.
We have our sell zone which will be reached very soon. In this case we don't recommend using pending orders. We're looking at an impulse move which means, we could find a better entry level if we're following price action.
If we manage to enter a trade, we will be aiming for a breakout of the low at 1,1525
Follow us to find out when to enter.