Trend Analysis: Uptrend Confirmation: Look for higher highs and higher lows on the H4 chart. This indicates a strong uptrend. Trendlines: Draw an upward sloping trendline connecting the recent lows. If the price respects this trendline, it confirms the bullish trend. Moving Averages: 50 and 200 EMA: If the 50-period EMA (Exponential Moving Average) is above the...
I am seeing what I consider could be a triangle correction along an ABCDE pattern on SPX (chart 2). Or at least a standard compression correction along an ABC (chart 1). As we know, in Elliot Wave, you only get triangles in Wave 4. So I am pondering if we are about to see a big run up to Wave 5 which would melt-up the SPX to 6000 or higher (I'm not actually...
✅USD_CAD has retested a key resistance level of 1.3620 And as the pair is already making a bearish pullback A move down to retest the demand level below at 1.3540 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
September is not historically a great month for BTC, but occasionally it does great, if 2024 be the case, BTC sure gonna reaches ATH still this year.
USDT has completely dominated the stablecoin market for a long time now, but cracks are beginning to form in its foundation that could cause the whole structure to come crashing down. People are losing trust in USDT, even though the vast majority of trading platforms use it as the sole medium of exchange on their platforms. Competitors are turning up the heat in...
Hello,Traders! EUR-USD made a bearish Breakout then retested The broken level of 1.1050 Which is now a resistance And went down again so We are bearish biased and We will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Shiba Inu ( CRYPTOCAP:SHIB ), one of the leading meme cryptocurrencies, is making headlines again as its burn rate skyrocketed over 8000%. Despite facing a broader bearish market, this dramatic spike has reignited investor optimism, hinting at a potential bullish breakout on the horizon. Let’s dive deeper into the factors driving this surge and explore the...
NZDJPY bullish divergence falling wedge Buystop above last LH SL below LL
Xrp ( BITSTAMP:XRPUSD ) is still creating bullish structure: Click chart above to see the detailed analysis👆🏻 Despite the overall crypto market weakness Xrp is still holding and even rejecting the lower support trendline of the symmetrical triangle pattern. Xrp also created another short term triangle within the long term triangle, so two major breakouts...
Nvidia ( NASDAQ:NVDA ) is reversing at a strong resistance: Click chart above to see the detailed analysis👆🏻 Last month Nvidia already corrected about -35% but managed to close with an indecision doji candle. However, previous cycles, the recent rally of +1.000% and the fact that Nvidia is retesting a strong resistance trendline all suggest that Nvidia will...
A historical support for the stock! Recently, the stock has seen inflow from FII's! The down run seems over now! Long in it!
Thematic Investment Narrative: COINBASE:HNTUSD , easily the most successful DePIN Network to date, has been leading the altcoin market as a performant outlier-- with subscription count steadily increasing for their SEED_DONKEYDAN_MARKET_CAP:MOBILE network, this is a project that is generating legitimate business flows from real-world customers, and that makes...
We can attempt to buy AUDJPY from specified level as it break LH , also bullish divergence occur indicate that it moves upward. SL , TP mention in chart.
WTI Crude Oil is almost oversold on its 1D technical outlook (RSI = 36.459, MACD = -2.670, ADX = 29.899) and coupled with the the price breaching inside the S1 Zone, the market is giving the best long term buy opportunity in more than 1 year. The S1 Zone is in place since March 15th 2023. Additionally, the 1D RSI has made a Double Bottom (DB), which has a 100%...
I’m anticipating a bounce on NASDAQ:NVDA at this level. Despite the prevailing bearish sentiment, I’m inclined to take this trade, as many are predicting further declines. I’m expecting one more bounce, potentially forming another lower high, before a drop to the sub-90s. This is a critical juncture for me, so I’m opting to capitalize on the opportunity now. ...
MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading system is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of...
🔹 NZDUSD Analysis on 1HR chart - The current Trend is Bullish - Bullish Divergence is Present - No Reversal pattern - Waiting for a Break of Structure for Confirmation 🔹 Trade Plan - Entry Level = 0.61647 - Stop Loss = 0.61072 - TP1 = 0.62223 - TP2 = 0.62802 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your...