price acceptance below 19,6 will trigger a short setup: - 185% appreciation in short period of time approx 20d - trading below range high of >70days - target previous swing lows (-50%)
96-96 zone served 4 times as strong rejection zone in the past. strong rejection can only coincide when major index sell-off in parallel.
CHZ trades aswell in small range and is in uptrend since start of year. volatility is compressing and price sits close to the trendline - long above 0.145 - short below 0.13
HNT short setup: - S/R flip - currently rejected at previous swinglow. - trading above 3.4 will result in higher prices - One of the only bearish setups in crypto - double top into resistance is also possible
LDO waiting for the range to get resolved. - long: breakout after consolidation and retest above current range high - short: sudden deep drop below the range base followed by retest or slow S/R flip in combo with lower trending prices
waiting for the triangle to get resolved. - long: breakout after consolidation and retest above current range high - short: sudden deep drop below the triangle base followed by retest or slow S/R flip in combo with lower trending prices
MASK is trading again above support line. It looks consolidating in a triangle. Trading above current red support zone remains key for further price appreciation.
Emerging markets is completing a complex correction from an Elliot wave point of view. The first leg of the C wave started in May21 and is currently retracing before heading lower. Dollar index broke out and is now retesting the top of its previous range going back till '15. Secondly EEM and Dollar index are inverse correlated when the market is trending. VIX...
Revisiting the upward trendline as of 2008 for both DJI, NQ and S&P would result in a 30% drop from current price levels. These levels coincide with the Covid19 lows.
Copper about to complete 0.61 retrace. This zone was previously a support zone of distribution range before the mark down.
Sushi price action is accepting below its 200days range low. The longer price stays here the higher the probabilities of further rejection and decrease. When the price starts trading again in the range, shorts must be closed. 0.62extension results in -30% drop similar to several other projections.
Monitoring the following scenario on ETC: - ETC mid range liquidity grap during the weekend. (0.5 level) - Coincides with previous range low. - Needle rejection would make it. Potential position taking after rejection at 0.5 or 0.61 level from range.
This is one of the most dangerous short set-ups in the market. Untouched prices since Jan21 Run-up resulting in 'air' below the current price level. breaking 0.174 will be the first confirmation. Targets: 1) 0.060: previous ATH 2) 0.028 : Origination of move and 0.61 extension of the current range
Playing with support and resistance zones. 100% extension of current range coincides with pre corona top. Followed by retest of upward post-corona trend-line eventually resulting in a lower low. Targets are substantially lower then today but developments in Tesla share materialized also really quickly.
UNI is currently trading above the 38% support from the tradingrange it developed since the low of mid June 22. - Supported was already tested 4 times. trading below this would be a serious indication that the total range low will be revisited.(-30% from current price) - Recently it was rejected at the 62% golden zone. 1,23 extension of the range sits around...
OCEAN has one of the most bullish structures in the market, therefore its interesting to monitor it. It has upward trending price where it recently flipped November range as support. Currently it looks consolidating from that breakout. potential scenario': - Breaks the current downward trend and accelerates further upwards. - Further consolidation in drawn triangle.
When this pattern holds: - VIX higher after making a higher low - S&P500 lower, this happens after the higher low on VIX