Gbpjpy longs.....I will go long on this pair after the break and retest of the descending channel for a quick 3R which becomes 4.5R after break and retest.
Descending Channel
Ampleforth FORTH - Huge falling wedge is breaking out! +Triangle
As you can see, we have a falling wedge on the daily / 3D chart, which is a bullish reversal pattern.
This is a fantastic buying opportunity when combined with a local ascending triangle!
My Elliott Wave analysis suggests that a main impulse wave has been completed, and that's why I expect a bullish retracement.
My main profit target is at the previous resistance (wave 4), or 0.618 FIB.
I think this downtrend is over and we should see some bullish price action in the immediate short term!
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
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BTC/USD: Bearish channel outlookBitcoin forming a bearish channel that still in this downtrend and we're in the good point to short in Daily timeframe to short this bear market. Also I read that Elon Musk (CEO of Tesla) sold all his Bitcoin worth in over $770 million. Also for reference, I apply the fibonacci level and Bitcoin it's in the point of 0.382% to sell in this timeframe. We formed a bearish hammer indicating sell-off.
I will take a short position now and I put my sell order limit to $22,500 USD. Stop Loss to $25,650 USD and my target to $14,000 USD.
I see a bearish perspective in Daily and Bitcoin it's preparing to another crash incoming.
Good luck!!!
Keep3rV1 KP3R - Ready for a massive breakout! Head and Shoulders
On the daily chart, we can spot an inverse head and shoulders, a bullish reversal pattern.
The main trendline has been destroyed by the bulls! And now we are trying to break the main resistance.
Also, we have a falling wedge on the LOG scale, which is a very bullish sign too.
If we take a look at the volume indicator, we can see an elevated bullish volume - always good to see!
As per my Elliott Wave analysis, an impulse Elliott Wave has been completed and that's why I expect a retracement.
We have a great confluence here to enter a long position.
The profit target is at 0.618 FIB + Wave (1),(4) ~ 609 USDT.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Litecoin LTC - New bull market! The downtrend from 2018 is over.
In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011.
On the weekly timeframe, we have a falling wedge and the price is currently breaking out!
As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement.
The profit target is at the strong horizontal resistance + wave (4). I think we should really go here and then maybe we can go even higher.
This is the LTCBTC chart and my profit target is +176% vs BTC. Of course, in terms of USD, it will be much higher!
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
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EURUSD - DESCENING CHANNELHello Traders!! Here is another opportunity to make profit with EURUSD.
Two weeks ago, i made a post about EURUSD retracement to resistance...
Today, the retracement is moving towards completion, price is about to test the resistance and i hope to see some rejections and also a clear bearish reversal before taking a short or a break out to the upside for a long.
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EURUSD Possible bearish move3 Tap of top TL, making possible bearish move + touching a Point of interest
CAD/CHF:short positionCanadian dollar/Suisse Franc look besrish in this side in H1 yimeframe. I put a sell order limit to $0.7480 CHF ,Stop Loss to $0.7501(21 pips) CHF and take profit of $0.7423 CHF (56 pips).
Also, I share the H4 timeframe that CADCHF broker down the uptrend line and we're I this corrección in the market. Also we forming a bearish channel in this timeframe what we could to gind up good opportunity itu to short Canadian Dollar.
I hope that this idea support you.
Remember, FED will make a news about interest rates decision and traders expect that this news becomes bullish in USD.
Good luck!!!
XAUUSD | New perspective The Gold appears to be recovering from a month low of $1,680 to reclaim the $1,720 area which is my key level for the week on the dismal US PMI to set the tone for a shorter bullish bias.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Tranchess CHESS - 1-year trendline is breaking out!
CHESS is completely ready for a massive uptrend!
A 1-year trendline is breaking out on the LOG scale, which is always nice to see.
Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump.
If we take a look at the volume indicator, we can see elevated bullish volume, so another great sign here!
The impulse Elliott Wave has been finished and that's why I expect at least a retracement to the upside.
Place your profit target at the start of wave (4).
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Radicle RAD - Great opportunity! Bullish base + Elliott Wave
We have a local bullish rectangle / base and if the bulls can break this level, then I expect a massive uptrend!
Also, on the daily chart we can spot a huge descending channel / falling wedge and I think it's the right time for a breakout.
An impulse Elliott Wave has finished, so I expect an ABC retracement.
Profit taget 1 is on top of the trendline + wave (4).
The second profit target is on the main resistance + wave (4) + 0.618 FIB.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
OTHER PATTERNSIn this video, We talk about other patterns like the Ascending channel, Descending Channel, and Divergence.
I hope this helps us in our journey
Cheers ♥🤟🏼💡
Voyager VGX - Downtrend is over! Impulse completed + Record VOL
VGX is currently number #1 bullish altcoin on Tradingview Binance USDT list.
We have a record volume at the end of the downtrend, which is a significant event.
As per my Elliott wave analysis, this huge Impulse wave should be completed successfully.
Now i expect a retracement at least to 0.382 FIB + previous swing low (for conservative traders).
You can wait for a breakout above the yellow trendline for safe entry.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" & "Follow"!
I doubt about sign of bullishOn daily chart
BINANCE:GALAUSDT touched at this level 0.0442 twice and bounce back. This signal can make a double bottom to create an optimistic but I doubt about this sign.
Price action just above middle line of channel and closest candle which has lowest price of the day. Both of signs aren't good for a bullish.
Besides, GALA has a next support at 0.02533.
Let's wait and see
Ethereum ETH - New bull market! 10 000 - 20 000 USD next TARGET!
On the weekly chart, we still have an incomplete Impulse Elliott Wave and I think it's the right time to finish it!
The bulls successfully defended the 200 moving average, which is very important.
200 MA is considered as a huge support/resistance zone by huge institutions and hedge funds.
Check out the volume profile indicator. Here we can see a gap that acted as a support!
If we take a look at the RSI indicator, we can spot a beautiful bearish trendline.
As per my Elliott Wave analysis, an ABC (classic ZigZag) correction has been successfully completed, and now we can start a new impulse wave!
These yellow trend lines help us identify individual impulse waves, and we are clearly missing a 5th wave.
I expect tremendous pumps for selected alt coins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Gbpcad long setup.....Breakout of descending channel and inverse head and shoulders neckline.....entering in after clear daily momentum candle break.....entering in long on retest for 2.97R.....
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ASX:INR TO REGAIN LT UPTREND?Watching INR closely after recent bullish fundamental news regarding Ford Binding Offtake Agreement.
I have charted key levels of support and resistance as well as added in long-term and short-term trends.
Direction 1: Recently validating short-term uptrend and testing current daily resistance zone IF momentum continues it could regain long-term uptrend and eventually breach current daily resistance.
Direction 2: Short-term uptrend eventually breaks due to lack of bullish momentum and a selloff but manages to maintain support, eventually regaining long-term uptrend for a slower and more stable rally as it targets upper band downtrend resistance and ath resistance.
Direction 3: Short-term uptrend fails and price fails to regain long-term uptrend due to selloff, price manages to hold and validate daily support and moves sideways developing a short-term range.
Direction 4: Short-term trend fails and daily support fails, selloff increases and price moves back to the former low territory to find and validate a level of support.
Indicator RSI: Currently trending above the 50 midway mark and in Bullish territory. I will be watching closely to see which way momentum swings and see if it fails the current uptrend.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
EUR/JPY: Market Overview:Euro/Yen Japanese look very interesting to short EUR/JPY in the key supply zone around $140.07 JPY in this trade.
Also, I beleive that Euro need to up in that zone and very near of the EMA 200 to confirm it like resistance here in that zone that I see. Also, that mean that we could to find up a movement to the upside of +0.70% and find up +105 pips in this trade. What mean that we could to check in a short timeframe like H1 becuase I see a possible long posiiton in this shortly trade to long position in EUR/JPY and then short EUR/JPY in that zone that I mark here in H4 timeframe.
Also, as we formed a bearish BAT Harmonic Pattern, and we're dwon of the 0.782% Fibonacci (confirmed)
In H1 timeframe, we could to see this panoramic. But I see clearly a good long position, what in few minutes I will make a 2nd analysis in H1 timeframe.
In Daily timeframe, I hope a bearish continuation in this trend, also we're in this bearish channel what I hope a possible weakness during this week in EUR/JPY in my note
I hope that this analysis support you. I will long EUR/JPY in H1 timeframe and then, I short EUR/JPY, because I see a clearly long posiiton in that zone that I will explain very soon now.
Wing Finance - Extremely high bullish volume! + 900% PROFIT
First of all I want you to take a look at the volume indicator - there is the highest volume spike since the coin was listed on the exchange!
This coin is currently #2 on TradingView Binance USDT list.
Price is printing a descending parallel channel on the daily / weekly time frame and it looks like the bulls already destroyed the main trendline.
Also we can spot a local symmetrical triangle on lower timeframes and if you switch to the 4h chart, you will see a strong bullish price action.
An Impulse Elliott Wave + ABC correction have been finished successfully!
You can take profit at the major resistance - previous swing high (wave B) +900% PROFIT.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
Fantom FTM - Time for the bullish action! Elliott Wave + 200 MA
On the daily chart we have an impulse Elliott Wave that has been completed and because of that, I expect an ABC retracement to the upside!
A very strong resistance is at 1.13 - 1.00 USDT, we have a great confluence in this zone as you can see on the chart.
Confluence: start of the gap + end of the wave 1 + end of the second wave 1 + 0.618 FIB retracement + 200 daily MA + psychological level 1.00 USDT.
Price is printing a local descending channel and if bulls can break through this channel, then we can definitely go higher!
Overall structure on the daily chart is bearish and I recommend only a short term counter trade here.
I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
GBPNZD | Perspective for the new weekThis is a follow-up detail on my previous analysis as my bearish expectation appears to be intact (check the link below on my tradingview platform for reference purposes). This video explains how I plan to take advantage of a trend continuation to the downside with a caveat.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURCAD | Perspective for the new weekPrice action has been caught within a descending channel since the month of June and we are not sure if the price is going to continue to respect this downtrend situation or could there be a breakout of the channel to incite a bullish momentum? This video explains how I intend to take advantage of a trading opportunity this week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Bitcoin BTC - New bull market just started! Elliott Wave + Wedge
The price is currently above 22 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders.
I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD)!
Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.382 FIB + ABC correction completed!
The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend.
As per my Elliott wave analysis - ABC correction (ZigZag 5-3-5) should be completed successfully and we can start a complete new impulse wave.
Only Bitcoin is a safe bet for the longterm. It's the best store of value and altcoins are awesome for short-term to mid-term massive gains.
I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
