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Range

Binance Coin can exit from pennant and rise to 270 levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few time ago traded in a range, where it two time fell to the buyer zone, which coincided with the support level. In a second try, BNB rebounded from this zone and rose to the top part of the range, after which turned around and in a short time declined back, thereby exiting from range and breaking 297 one more time. Then the price started to rise in an upward channel, where soon, BNB rose higher than the 297 level and later made a correction movement to this level, which coincided with the support line of the channel. Next, the price bounced from this line and continued to move up in the channel to the resistance line, but when it reached this it, BNB rebounded, entered to the pennant, and made a strong upward impulse to the resistance line of this pattern, thereby exiting from the channel and breaking 350 level, which coincided with support area. But a not long time ago price rebounded from this line and declined to support area. At the moment, BNB trades near the resistance line of the pennant and I think that the price can fall to the support area and then continue to move up, thereby exiting from the pennant. For this reason, I set Take Profit at the 270 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Bitcoin can make correction movement to 48900, exiting of rangeHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago made downward impulse from resistance line of the pennant to 41500 support level, which coincided with buyer zone. After this movement, BTC some time traded near this level, after which in a short time price broke this level and declined to support line of pennant. Then BTC turned around from support line and started to grow to 41500 support level. Soon, the price broke this level one more time and continued to move up to the resistance line of pennant, and after reached this line, BTC fell to the support line and then made a strong upward impulse to 48900 level, which coincided with the support area, thereby exiting from the pennant. In a short time later, price broke 48900 level, made retest and rose a little higher, but a not long time ago it started to trades in range, where price continues to trades to this day. In my mind, Bitcoin can decline to the bottom part of the range, then make little movement up, after which continue to fall to the current support level, thereby exiting from range. For this reason, I set two targets, first target at the 50600 level, and second - at the 48900 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
GBPAUD: Pushing into the PCZ of a Bearish SharkGBPAUD is pushing above the range resistance and into the PCZ of a Bearish Shark with elevated volumes, at the same time there is a Bearish Gartley formed on the RSI and the RSI is setting up to breakdown while in the overextended zone. I think we will likely see the AUD take back dominance for a few months in many of its pairs, particularly in the GBPAUD and AUDUSD pairs. It is possible that the GBPAUD pushes above 1.95 for a short amount of time, I will likely continue shorting into 1.955
Short
by RizeSenpai
Binance Coin can correct to support area and then start move upHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a not long time ago rebounded from the resistance line of the triangle, and in a short time declined to the support line, thereby breaking the 300 support level, which coincided with the buyer zone. But then, the price bounced from the support line and soon rose back to the resistance level, breaking the 300 level one more time, after which BNB later exited from the triangle and tired to rise more, but failed and made correction to the support level. After correction, BNB made a strong upward impulse to 316 current support level, which coincided with the support area and in a short time later broke this level too. As well, the price started to trades in a range, where it rose to the top part and some time traded near, but not a long time ago BNB rebounded and declined to the 316 level, where the price continues to trades near to this day. In my mind, Binance Coin can fall to the support area, where it will turn around and start to move up in range. Therefore I set my target at 323 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Bitcoin can little correct and then continue to move upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago traded in the range, where it firstly declined to the 41500 support level, which coincided with the buyer zone, but soon BTC turned around and made impulse up higher than the bottom part of the range, thereby exiting from it. Next, the price entered to the pennant, where it rose to the resistance line, after which it made a strong downward impulse to the support line, thereby breaking two levels - 47000 and 41500. Later price turned around from the support line and in a short time rose higher than the 41500 level, breaking it one more time and little time later BTC reached the resistance line of the pennant and broke it too, exiting from the pennant pattern. After this movement, Bitcoin rose to its current support level, which coincided with the support area, and recently broke it also, after which the price made a retest and continued to move up. At the moment, the price trades near the support area, and in my mind, Bitcoin can correct to the support area, and then BTC will bounce and continue to grow. For this case, I set my target at the 49900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
British Pound can rebound up from buyer zone to 0.8570 levelHello traders, I want share with you my opinion about British pound. Looking at the chart, we can see how the price recently started to decline in a downward channel, where it soon fell to the support line and at once bounced up to the resistance line of the channel. Then GBP turned around and declined to the 0.8570 resistance level, which coincided with the seller zone, some time traded near and later declined lower this level, thereby breaking it. Also then, the price exited from the downward channel and started to trades in the range, where GBP in a short time declined to the 0.8515 support level, which coincided with the buyer zone with the bottom part of the range. After this, the price turned around and soon rose to the top part of the range, which coincided with the resistance level, but a not long time ago, GBP rolled down from this level and declined back to the buyer zone. As well recently price bounced from this area and tried to rise, but failed and now it continues to trades near the buyer zone. So, I think the British Pound can fully decline to the buyer zone, after which the price will turn around and start to move up to the 0.8570 resistance level. For this reason, my target is located at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Gold can little grow and then start fall to 2005 level in rangeHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago made a strong upward impulse from the buyer zone to the seller zone, breaking 2005 and 2085 levels. But soon, the price turned around and in a short time declined back, breaking these levels again. Next, the price turned around and bounced up higher than the 2005 support level, thereby breaking it and entering to range. Inside range Gold rose to seller zone one more time, where it soon turned around and declined back to range. In a short time later XAU declined to the 2005 level, after which it rebounded and started to move up. After the price rose to 2060 points, it rolled a little down, where it continues to trade to this day. So, I think that Gold can make little movement up, after which it turns around and starts to decline to the 2005 support level, which coincides with the bottom part of the range. So, that's why I set my target at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
BTC - Bulls Took Over 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. In accordance with my previous BTC analysis, we were awaiting a break above the blue zone or below the red zone to determine the next movement. 📈 This week, the bulls won the battle by breaking above the blue structure at 44,300. Therefore, we anticipate further bullish movement toward the 48k - 50k resistance zone. 📉 Unless the bears manage to break below the blue zone again, in which case we would expect BTC to return inside the range, resulting in a movement toward 42,000. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
Bitcoin can make little movement up, and then start to fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago started to trades inside the upward channel, where it first declined to the support line, after which it rebounded and rose to the 39900 support level, which coincided with the buyer zone. Next, the price some time traded near this level, and soon broke it, after which BTC rebounded up to the next level in the channel. In a short time price broke the 41800 level too, after which it started to trades inside from range, thereby exiting of upward channel. In range, BTC some time traded near the support area, which coincided with the bottom part and 41800 level, and later rebounded from this zone to top part of range. After this movement, Bitcoin turned around and made a correction back to the support area, but it at once bounced and continued to trades near the support area. Now, I think that Bitcoin can rise a little more, after which the price make correction to support the area again. For this case, I set my target at the current support level - 41800. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
NZDCAD - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDCAD has been overall bearish , trading within the falling channel in blue. At present, NZDCAD is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #NZDCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a top bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
1
SEI - Trading The Box 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 SEI has been trading inside a narrow range between 0.55 and 0.85. 🏹It is currently approaching the lower bound of the range , so we will be looking for buy setups on lower timeframes. 📈 For the bulls to take over, we need a break above the last major high marked in red. In this case a movement till the upper bound of the range would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
HelenP. I Euro will fall a little more, and then start to growHi folks today I'm prepared for you Euro analytics. Some time ago price rebounded down from the trend line and soon entered to consolidation, thereby breaking resistance 2, which coincided with the resistance zone. After this, EUR some time traded near this level, after which it rose to the trend line and then declined lower from this line. In a short time price declined until to one more resistance zone, but soon rebounded and made a fake breakout of the trend line and fell to the resistance zone again, which coincided with resistance 1. Later price tried to rise, but failed and continued to decline lower, until it fell to resistance 1, after which it made little impulse up, higher than the trend line, and then fell back to resistance 1 and soon broke this level. Also, the Euro exited from consolidation and continued to decline. For my mind, the price will decline to 1.0715 points, after which the Euro can turn around and start to move up to the resistance level, which coincides with the trend line. So, for this case, I set my target at the 1.0800 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
BTC - Two Possible Scenarios ↕️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been boring this past week hovering inside a narrow range. 📈 For the bulls to take over, we need a break above the 44,300 structure marked in blue. In this case, a movement till the 48k - 50k would be expected. 📉 In parallel, if the last major low at 41,850 marked in blue is broken downward, we will expecting further bearish movement till the 38,000 support. For now, we wait ⏱ Which scenario do you think is more likely to happen? and why?. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
12
British Pound can rebound up from buyer zone to 1.2700Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the support line of the triangle and made a strong upward impulse to the resistance line, thereby breaking the 1.2610 support level, which coincided with the buyer zone. After this, the price bounced from the resistance line and in a short time declined to support line back, breaking the 1.2610 level again, but soon rebounded and made an upward impulse one more time. GBP exited from the triangle and entered to range, where it at once rose to the 1.2785 resistance level, which coincided with the seller zone, but soon rebounded back to the support level. Then GBP repeated movement up and rose to the seller zone, but later in a short time declined back to the 1.2610 level, making a fake breakout of the resistance level. A few moments later price made an upward impulse to the resistance level, then made the correction, after which it tried to rise back to the 1.2785 level, but near this level, GBP turned around and in a short time declined to the support level. At the moment, the price trades near this level and I think the British Pound can fall to the buyer zone, after which the price turn around and start to move up in range, so, for this reason, I set my target at the 1.2700 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Kadena ($KDA) - Flush the lows and run it upKadena is prepping for a flush of the lows in my opinion, but what comes after is what I am after. Watching for a flush soon, then my trigger is a reclaim of the range low above green and continued strength thereafter, not weakness. A move back to the range eq is significant, this is a large range currently in a re-accumulation-like phase of the cycle for Kadena and lots of other Alts. Long-term green zone looks like a buy, short term I would wait for a flush and take it to the range eq. My thoughts for now. Vatsik
Long
by cryptovatsik
Gold can fall little more, turn around, and start to move upHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago bounced from the support line and made an upward impulse to the resistance line of the pennant, thereby breaking the 2055 resistance level, which coincided with the seller zone. After this movement, Gold rebounded from the resistance line and started to decline to the resistance level, and after it fell, the price exited from the pennant pattern. Next, Gold broke the resistance level one more time and entered to range, where it declined to the 2015 support level, which coincided with the buyer zone with the bottom part. After this, the price started to rise and in a short time rose to the seller zone, but soon turned around and made a downward impulse lower even the buyer zone. Then price soon backed up to the range and some time traded near the support level, after which made a correction to this level and in a short time rose to the resistance level. But a not long time ago price rebounded from this level and started to fall. Now, I think Gold can decline to 2025 points, after which it turns around and starts to move up, therefore I set my target at the 2045 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
Euro can make small movement up and then start to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago made an upward impulse from the resistance level, which coincided with the seller zone to the resistance line of the pennant. After this, the price rebounded from the resistance line and started to decline inside the pennant, where in a short time it fell to the support line, thereby breaking the 1.0925 resistance level. Then, the price tried to back up and rose to the resistance line, but the EUR didn't fixed and soon bounced down to the buyer zone, thereby breaking finally resistance level. After this movement, the price started to trades inside the range, where in a short time price rose to the resistance level, and later turned around and declined lower support level, but recently it backed up to the range, making a fake breakout. At the moment, I think that the Euro can make a small movement up and then start to decline to the support level, which coincides with the bottom part of the range. So, that's why I set my target at the 1.0810 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Ripple can decline a little more, after which back up to rangeHello traders, I want share with you my opinion about XRPUSDT. Observing the chart, we can see that the price some days ago price rebounded from the resistance line and started to decline near this line to the 0.5400 resistance level, which coincided with the seller zone. After the price fell to this level, it made a fake breakout of 0.5400 level, after which it turned around and in a short time rose to the resistance line. Then price bounced from this line and made a downward impulse to the support level, thereby breaking the resistance level one more time. Also, XRP started to trades in the range, where soon the price bounced from the 0.5020 support level, which coincided with the buyer zone and started to rise to the top part of the range. When Ripple reached the top part, which coincided with the resistance level, it at once rebounded and in a short time declined to the support level. But a not long time ago, the price bounced from this level and started to rise, but failed and soon declined lower than the support level. So, in my mind, Ripple can decline a little more, after which it turns around and back up to range. After this, the price will make retest and continue to rise. For this case, I set my target at the 0.5200 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
BAD TIME FOR ALT's - BTS IS TOO STRONGAlgorand (ALGO) and Bitcoin (BTC), two prominent cryptocurrencies, recently exhibited interesting price movements within horizontal accumulations, followed by manipulation maneuvers beneath the range. Despite similarities in their actions, the market reactions varied significantly. This article explores the comparative analysis of ALGO and BTC, highlighting their respective behaviors and offering insights into potential trading strategies. 🔄 Horizontal Accumulation and Liquidity Grab: Both ALGO and BTC were trading within horizontal accumulation ranges, indicating a period of indecision and consolidation. In a notable parallel, both cryptocurrencies executed a manipulation maneuver by removing liquidity from the lower part of the range. This tactic involves triggering stop-loss orders and creating favorable conditions for potential price movements. 📉 ALGO's Limited Reaction: Despite the liquidity grab, ALGO demonstrated a relatively muted response. The price exhibited minimal bullish momentum, and the overall market sentiment did not reflect a strong surge. This could be attributed to factors such as market participants' cautious approach or a subdued reaction to the manipulation. 🚀 BTC's Strong Reversal: In contrast, Bitcoin showcased a robust response to the manipulation maneuver. Following the liquidity grab, BTC experienced a significant pump, indicating strong buying interest and a bullish reversal. This demonstrated the resilience of Bitcoin and its ability to recover swiftly from manipulation-induced fluctuations. 🔍 Focusing on Bitcoin Strength: The divergent reactions of ALGO and BTC suggest that, at the current juncture, Bitcoin is exhibiting greater strength and responsiveness to market dynamics. Traders and investors may find it prudent to focus on Bitcoin trading opportunities while it continues to showcase robust performance. 💡 Trading Strategy: Considering the strength displayed by Bitcoin, traders may prioritize BTC trades over ALGO at the moment. Monitoring key support and resistance levels, analyzing volume patterns, and adapting strategies to Bitcoin's dynamic movements can be essential for successful trading. 🔮 Future Outlook: The comparative analysis highlights the importance of assessing individual cryptocurrency behaviors in response to market events. While ALGO may present opportunities in the future, the current focus on Bitcoin, given its strength, could prove beneficial. Market conditions evolve, and traders should remain adaptable to capitalize on potential opportunities as they arise. A careful observation of Bitcoin's performance can serve as a strategic guide in navigating the cryptocurrency landscape.
by AlexWhale
1
Bitcoin can back to falling channel, where breaks support levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago entered to range, where it rebounded from the top part, which coincided with the 44400 resistance level and in a short time declined to the 40350 support level. Then BTC soon bounced from this level, which coincided with the buyer zone and rose back to the resistance level, but when it reached this level, the price turned around and little declined. After this, Bitcoin made an upward impulse higher than the resistance level with the seller zone, thereby exiting from the range too, but soon the price made a correction below the 44400 level. After correction, BTC repeated an upward impulse to 49000 points, and then it turned around and fell to the seller zone. Next, the price continued to decline in a downward channel, where BTC soon broke the 44400 level again and even later fell lower than the 40350 support level, reaching the support line of the channel. But recently, the price rebounded from this line and made impulse up, higher than this level and also the resistance line of the channel, thereby exiting from it. Now, the price trades near this line and I think that Bitcoin can back to the channel, making a fake breakout, and then fall to 38600, thereby breaking the support level one more time. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5