I’m optimistic about Litecoin (LTCUSD) right now, and here are some compelling reasons to consider this trade: - Market Recovery: The overall cryptocurrency market is bouncing back, with many coins, including Litecoin, showing positive price movements after recent dips. - Growing Adoption: More people and businesses are starting to use cryptocurrencies for...
Since the price broke abbove the W Formation and the Price went above above 20 and 200 THe momentum and buying just took off at an alarming rate. So within ONE week, the price shot up to R2.21 which was even a surprise to me with the speed of the analysis. So what now? Now, it's in a dangerous area. The trend is so steep it can come down just as fast. If...
Usoil gave us a nice pull back last week forming a potential bull flag. With the break of this structural level of resistance USoil may continue the uptrend.
A 4 hour regular bullish divergence is observed on a possible 5 wave completion for wave A, short term rally could be expected towards 1.10xxx-ish area, once a 3 wave corrective pattern is completed market could potentially move down to complete a higher degree pattern.
Hmmm I would like to get some comments from what you guys see on USDCAD please
Overview Market: NAS100 (NASDAQ 100 Index) Time Frame: 1-hour chart (indicated by the "1H" labels) Key Concepts: The chart incorporates Wyckoff methodology, harmonic patterns, and Fibonacci retracement levels. Key Components Market Phases: Phase A: Indicated at the bottom of the chart, represents the initial accumulation phase. Phase B: The current market phase...
Hello traders, I'm currently short on AUD/CHF Pointing out the confluences below: - PA tapped into the previous lows (corrective squeeze) - Impulsive breakout of the squeeze - PA formed a 3-touch continuation pattern and closed with full PA on the 4H - Potential 3-touch expanding which leads to a area of value (previous volume was triggered. Managing...
WTI crude oil was trading around $73.35 on Wednesday. WTI crude oil prices fell slightly on reports that Hezbollah and Israel may cease fire. However, concerns about possible attacks on Iran's oil infrastructure may limit its downside. From the daily chart level, the medium-term trend of crude oil is that the price crosses the moving average system, and the...
An breakdown of long term trendline is anticipated with multiple retest of trendline support making it weak. Aggressive traders can short futures with an Sl above 52070 closing basis. Expected target 49000-48500 with an breakdown of swing low followed by an fresh low.(Trailing basis)
DXY is showing clear signs of a retracement to the daily sell-side liquidity level around 100.215. Price wicked into a higher timeframe (HTF) daily order block near 102.860, and then closed below, signaling bearish momentum. Keep in mind, upcoming high-impact news could affect price action. If price doesn’t respect the order block, it may react to the Fair Value...
Technical analysis: I have been aware that another failed attempt to invalidate #2,600.80 - #2,604.80 local Support zone will most likely result into firm rejection and yet another push towards #2,622.80 - #2,627.80 Resistance zone and ultimately the #2,652.80 level which represents Short-term strong Resistance line. Keep in mind that the current Selling...
Technical analysis: I have been aware that another failed attempt to invalidate #2,600.80 - #2,604.80 local Support zone will most likely result into firm rejection and yet another push towards #2,622.80 - #2,627.80 Resistance zone and ultimately the #2,652.80 level which represents Short-term strong Resistance line. Keep in mind that the current Selling...
Buyers trap. Lets see , Daily rejection from key level, good volume at key leval.
Procter and Gamble (PG) has been trading within a 10-month Channel Up (since December 15 2023) and on September 10 2024 priced the latest Higher High and got rejected. Even though it has broken below its 1D MA50 (blue trend-line), yesterday it tested and held the short-term Support 1 level, which is intact since August 14. The 1D MA200 (orange trend-line) has...
🟢 Pair Name : GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.79400...