After breaking yesterdays hourly range, DJ30 is continuing bullish today and looking for a new hourly top. We have a stronger pullback in M15, reversals in M1 and M5 that have not indicated continuing yet. I do not expect much indecisiveness of DJ30 today even though, the new hourly floor is a dominant zone.
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines & top of Parallel Channel as well - Targeting the 38% Fibo retracement for...
Pair: HTX:LINKUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Price have bounced off 61.8% Fibo retracement levels - Price action is within two different parallel channels; 1 acts as a bottom channel support and the other is within a supply-demand zone channel - Aiming for the 32.8% Fibo Retracement with 23.6%...
🔍 Let's analyze and review this popular forex pair together, and also revisit our previous analysis. 📊 In the higher timeframes, this pair, like the rest of the market, is ranging. Currently, it is fluctuating between the boxes of 1.69901 and 1.58888, which is logical given the current policies. 📝 In the previous analysis, it was mentioned that after a candle...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe - Price action is at a Supply Zone and has another Consolidation Zone nearby it - Price action is at the top of a channel resistance - Targeting the 50% Fibo retracement Fundamental Confluences for Trade: - Same setup as the NZDCAD trade I just posted as...
last year price was mostly up but this year it is sideways above 60k and it has made lower low with lower high inside white parallel channel which also looks like flag pattern in long up trend on daily chart
Price has reached upper resistance with MACD divergence. If price breaks the fast MA and most recent pivot low -- taking a short to at least the median line.
Ethereum ETH parallel channel, the small purple channel is the down channel and the green one is the falling and oscillating channel.
Simple weekly chart depicting buy zone around bottom of a parallel downtrend, contingent upon Bitcoin and its greater market holding up
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 time-frame - Price action is at a Consolidation Zone - Aiming for the 50% Fibo retracement to TP Fundamental Confluences for Trade: - US yield differential against AUD will support USD - China's economy is still struggling to improve and dampening AUD's growth potential ...
Pair: FX:USDCAD Timeframe: D1 - Long Term (LT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action is at the top-end resistance of a parallel channel - Horizontal trendline looks like a supply zone across few periods - Aiming for the 32.8% Fibo Retracement with 23.6% as...
Pair: FX:AUDUSD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is now at the middle of a parallel channel - Price is at 61.8% Fib Extension Level - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand...
Polkadot has been making lower lows, indicating a downward trend There is a high likelihood of continuing to fall !!!
Pair: HTX:BTCUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1 and H1 time-frames - Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal...
The ADA (Cardano) long thesis derived from analysis of Fibonacci retracement, with particular emphasis on the golden pocket retracement level. The analysis is complemented by robust backtesting, a key horizontal level which acts as a support zone. The identification of a potential Swing Failure Pattern (SFP) and alignment with a predictive parallel channel acts as...
NASDAQ:SFM is currently trading in a parallel channel and looks like it will trend down to attempt to retest the support at about $60.70 for a third touch. Thoughts?
➡️Ethereum Classic has been consolidating for a long period, indicating a major bullish price move is forthcoming. Now price printing higher lows in a bullish pattern that is expected to reach $40 once the consolidation range breaks out. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit...
This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly: one that acts as support another that acts as resistance When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a...