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NZDUSD - Supply Zone and Resistance LevelThere's no need for thousands of lines to make a trading work, it can just be a simple line and a small box if you know how to read the price chart, naked. Naked trading is what I've been doing for years but never really use that term. It simply means trading without indicator, just base on candlesticks. The black rectangle box is the aggressive trading zone for traders to jump on the bandwagon. Conservative traders can wait for the retest on the red line for a shorting opportunity.
Short
by RaynLim
UBER: Complete analysis (H, D and W charts).Hello traders and investors! Let’s see how UBER is doing today and do another complete Multiple Time Frame Analysis (MTFA)! The stock hit a top at $ 44.64, and now it is doing a pullback. We have two good support candidates in the 1h chart, which are the 38.2 and the 61.8% Fibonacci Retracements . The 38.2% is at the 21 ema too, and the 61.8% is at the $ 41.86, which we’ll talk about later. If UBER reacts near these support levels, it could trigger the pivot point at $ 44.64, reversing the trend for good in the short/mid-term. Today’s candlestick pattern is called Bullish Engulfing , a bullish reversal pattern, just above the support at $ 41.86 (no, it is not the time to talk about it yet). The volume is good, and if we defeat today’s high ( coincidently, the pivot point in the 1h chart ), the bullish pattern will be triggered. If we lose today’s low, then the bullish thesis will be invalid (or at least, delayed). Ok, do you remember the $ 41.86? This point was the pre-covid ATH , and a previous resistance on UBER, which now it is working as support in the weekly chart. What’s more, we have a Hammer candlestick pattern, which might reinforce our bullish reversal thesis. Surely, it is an interesting stock to keep in our radar. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Thank you very much.
NYSE:UBER
by Nathan_The_Finance_Hydra
Price Action Candlestick Patterns Hello traders , here's a post about candlesticks. You must understand the context. This candlesticks patterns are very useful but useless if you don’t understand where they have been printed. Make sure to save this post . You must understand the context of the candles. For example an bullish engulfing at a supply level can be just a trap. A bearish shooting star in a strong uptrend can just mean that price is reaching a new zone, not rejecting it
by AIRFOREXONE_
19
NZDJPY - Bearish GartleyA bearish Gartley Pattern form within the consolidation zone on the 1-hourly chart. On the daily chart, the bearish shark pattern has already formed. So, how I'm going to take this trade? Well, shorting this pair will be the main focus, I will be waiting for a candlestick confirmation on the Gartley Pattern. If the market break and close above the consolidation zone(grey box), I will wait for the shorting opportunity on the daily chart instead. Do you see that it is clearer right now? If you find this helpful, join our community by clicking the link at the bottom of my tradingview post, or your can just drop me a message.
Short
by RaynLim
1
I wish you all GOOD LUCK!Hello everyone! Ok, so XTZ is giving us a bullish sign here, it’s behaving similarly to other cryptos, and it seems it is a bullish engulf. Also, we can see that the 21 ema is holding the price for now, which is good for the bulls. You guys know that I would prefer a sharper correction to buy XTZ, like it did happen with ETH or LTC, but that’s ok. Who already have some XTZ are in a more comfortable position here, in my opinion, and it would be even better if the bulls keep the prices up. That being said, if you have cash, I believe there’re more interesting cryptos to look for, in my opinion. But if you are in, it isn’t time to sell or go short. It’s worth to hold it tight, and if the price close tomorrow above the 61.8% fib retracement would be perfect for the bulls. Also, be aware of the hourly chart: That black line seems to be quite important, and it will be good if the price stay above it, but the bulls wouldn't want to lose that red line. In that case I believe the price will seek further supports like the other red line and the trend line (both in the daily chart). I wish you guys luck! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
KRAKEN:XTZUSD
by Nathan_The_Finance_Hydra
10
The BEARS are surrounding AMD?The bulls should sleep with one eye open here! Yesterday’s candle is a mix of Marubozu with Bullish engulf, which is awesome, but let’s not forget that the next resistance is near. The U$ 58.60 zone served as a resistance in the past, and as a target of a very successful Head & Shoulders pattern. So be aware of that! The price found support at U$ 50.20, which was a previous top (black line), and there’s another support at U$ 48.40 zone, but it didn’t go so far. Now it seems the bullish trend will resume, but that Marubozu / Engulf shouldn’t be cancelled! If that pattern is cancelled, then the price will seek further supports. Lets’ look the weekly chart for more perspective: It did a V bottom, and successfully reached its target (blue line), after hit a support (pink line). Last week an Elephant Red Bar appeared in the chart, near a resistance zone. And that’s the danger here, because if that Marubozu / Engulf get cancelled in the daily chart, it means that this Elephant Bar will be triggered in the weekly chart. In that case, the price could sink down to the pink line (previous support). Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
NASDAQ:AMD
by Nathan_The_Finance_Hydra
2
ETH - Taking my profits, thank you.ETH did a good job here. After it triggered a harami on April 22 it went up and gave us almost a 10% profit. If you lost my last call on ETHUSD, you can check it here (and FOLLOW me to keep in touch): The stop loss was set at the harami’s low, which would be a 3,7% loss, and now ETH is within a resistance zone, and gave almost 10% profit, a trade with a risk/gain of 3:1. It is fine, but the trade we did on BTC was even better (4:1 r/g relationship). Now we can start taking profits. If we look at the hourly chart, ETH lost the previous support (pink line), so it is a good idea so sell. At the daily chart it seems it is doing a bearish engulf, but we must wait for confirmation. Now just take your profit and have some fun. Congratulations for everyone who did catch this trade. If you didn’t, just wait a little, more opportunities will come. In that case FOLLOW me to keep in touch, I do daily analysis on ETH and other cryptos. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
8
Potential AB=CD from Weekly & Daily of GBPCHFI am naturally caution with GBP XXX due to the current political climate however; From the Weekly chart. Pinbar rejection at the 61.8 Fib level from the Monthly chart. Therefore this has formed an ABC triangle to the 61.8 level. Daily RSI is sloping downwards after rejecting overbought line. 4Hr / 1Hr Price has formed a consolidation box. I hope that there is a break and retest of the consolidation box. This would validate my entry strategy. If that happens, I will look for Price Action / Candlesticks to confirm. The stop loss will be small and place in accordance with the candlestick. Trade Currently a risk reward of 1:3 can be achieved (if entered now) this is down to next support line. However, and again if entered now, a risk reward of 1:16 is possible if this behaves as a traditional AB=CD However if you have more patience , then a much better risk reward can be found.
Short
by UnknownUnicorn3974120
TRON!!! Where Are The Supports? Whats Going On? WHAT DO I DO!?!?(The analysis is down below, Read for priors) Hey guys, I'm back with a better analysis of my favorite coin TRX/ETH and like everyone else, I was confused this morning waking up to TRX/ETH being up 33%. While I have nothing against TRX/ETH being up, WE have to understand why. First thing I do is check Twitter and there you have it Justin Sun, my main man, the legend, the one man army, tweets, "#TRON is listed on @BithumbOfficial @Bithumb_Korea Welcome trading #TRX in http://bithumb.com" But that's not all, there more. "TRX/KRW trading pair is now available in @UPbitExchange." This is the Creme-De-La-Creme. The Finger Licking Good News. He finally got a TRX/ETH to fiat trading pair on a PROMINENT Korean Exchange, UpBit! Now we're not talking some small money here because this is the real deal. How real? Well TRX/ETH is the third most traded coin as of writing this, 200m shy of taking down TETHER! Basically, he just added 500 MILLION dollars to the liquidity of TRX/ETH and placed it as a prominent coin. Not one that jumps up 60% and then gets hit by a 51% attack on its mining. (Ya its a rip, take it as it is). But let's get into the meat. After all, we are traders here and not blind to the market. So let's look at the technicals. (I mainly use Japanese Candlestick Charting with Western Technicals) First off, right off the bat. We have a VERY STRONG Resistance at the .000012xxx/ETH exchange rate. The first time we tried taking it down we developed an Evening Star Pattern on the candlesticks and immediately after we also developed a Bearish Engulfing Pattern on the candlesticks which were not good signals and they subsequently became a SELL indication. It brought us down to around .00008xxx, where we got a clear Hammer, a buy signal, and created a support which was confirmed last night with the Morning Star Pattern. Together, these patterns confirmed a short-term support around the .382 Fibonacci Retracement. Cut and Dry these are simple techniques that I use to see where the resistances and supports lie. So this is what happened, Now let's try to look at whats going to happen. So there are a few scenarios. First off, the volume is shrinking, meaning we are losing buying pressure since the pump and we may see a sell-off in the near future. While writing this there also seems to be a confirmation of the Evening Star Pattern, a sell signal, the pattern being a Green bar followed by a bar (could be buying or selling) that doesn't close at the top of the real body followed by a Red bar that closes into the previous Green body. There's also a highish RSI. Generally, this indicates a reversal, so watch out. But, where will we reverse too? The answer is we wait for the confirmations. If we see a pattern and it confirms then we can buy and sell based on these patterns. TRX/ETH has its supports, which are indicated on the chart, so you have to watch for those to be key indicators for major movement. My best guess would be that if we drop down, we will probably see the bottom of the uptrend channel at around .00084xxx. and if we are able to hold great but if not then we will have lower lows. Personally, I would rather go sideways and maintain our exchange rates than risk dropping up and down too quickly, creating more unnecessary volatility. In addition, if you're a hodler that's fine by me. I honestly don't think you'll lose out by holding until May 31 and this is just a short-term analysis. Hold and you'll be fine too. See you later, and if you liked my analysis give it a Thumbs Up. It's Much appreciated. Comment below! THANK YOU!
Long
by RandomGuyTalkin
4
Dynamic Candlesticks ConfirmationsMost trading systems determine Market direction by putting multiple indicators on the charts. Some charts are just loaded with indicators. It's as if more is more. But more is not more. So often indicators conflict, some showing the Market uptrending while simultaneously others showing a downtrend. And so many indicators require a lot of time to analyze. In a fast moving Market, by the time you've analyzed the indicators, the Market has changed direction. So how can we confirm direction without cluttering up our charts? First using our scripts, we simplfy the trading decision process by doing the analysis for you, kind of behind the scenes. We use the same indicators you are probably using manually, analyze them, and produce a chart that simply colors the candlesticks. We use green for uptrend and red for downtrend. Simple right? You don't have to spend hours analyzing charts. Our scripts do the hard work for you. How often have you seen candlesticks where one or two candles are green and then one or two are red. Is the Market uptrending or downtrending. With normal candlesticks, it's hard to tell. But without loads of indicators, how can we confirm the direction? If you want confirmations, use multiple time frames. Here OAXBTC has aligned across 4 time frames, the 1 hour, 2 hour, 3 hour, and 4 hour. In this case, they all aligned. There's your confirmation without cluttering up the charts with lots of conflicting indicators. Follow us...
OLong
by MyTradingScripts
GOLD (XAUUSD) DAILY FORECAST GOLD (XAUUSD) Daily Forecast This past Friday January 8, Gold sold off from $1917 to $1828 as it broke its daily uptrend. Bulls stepped in and bought at $1828 where they managed to close the trading day at $1849.81. The 4 HR candlestick closed with a Piercing Line pattern, which closed around the midpoint of the previous 4 HR bearish candlestick. Look for bullish continuation to resistance points at $1857.50, $1866.13, $1880.15, and $1895.00. On the other hand, Gold will breakdown further if bulls cannot hold $1828.65, look for price to retrace further to the next Daily Support at $1819.46.
SAXO:XAUUSD
by StockSniperTrading
1
ETH: Next targets.Hello traders and hodlers! It’s been a while since the last time we studied ETH, but here we go! Ok, ETH passed through the $ 289, which was our main target since May (I believe), and now it is in a clear bull trend , doing ascending tops and bottoms . It defeated another resistance at $ 364 and it seems it found a support at its previous top, around $ 414. Since we are in a bull trend, pullbacks are just opportunities to buy. Also, the volume increased a lot over the last month, which is a good indicator that this bull momentum is solid. Now, there are few things to keep in mind. First, the recent candlesticks have some nice shadows under their bodies , showing us that there are people buying near this support level. And since the trend is bullish, any bullish candlestick pattern could trigger a long trade. Second, if we see a pullback beyond the $ 414, that’s ok, it won’t be a reversal sign . In fact, it could hit the red line at $ 364 again without ruining the trend. This gets clearer when we look at the weekly chart: Yes, the chart is a little stretched lately, but again, that’s what pullbacks are for. To give another chance for those who didn’t bought it before, to jump in a safer trade. The 21 ema might be a support as well, but we can’t count on it. The trend is strong now, and we can set a target at $ 517. But if you ask me, in the long run ETH has the potential to hit the $ 828 again. And, of course, please, support this idea! You wouldn't still be reading this if you didn't find it interesting, right? And I invite you to follow me for more analyses like this. There's no clear sign on ETH, but the trend favors the bulls. Recent public trades (links below): XP: +30% AAPL: +10% LB: +45% UKOIL: +62% Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate! BECOME A MEMBER! Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
FALSE BREAKOUT ROCKET 5 candlestick downtrend reads BULL RUN Spent 7-plus hours connecting a strategy from a 5 candlestick countdown from a false breakout rocket signal. This means after a total of 5 candlesticks, BULLISH MOMENTUM begins. We might have our next 4-day timeframe 5 candlesticks as a downtrend, if so, then BULL RUN reads to start on 9/13 after a downtrend up to $56,761 or remain within its price range. Don't let this price scare you. It's only an estimate. Who am I to predict $56,761? but be ready to accept whatever comes our way within this current 4D TF candle and the other two candlesticks which will print out after this current candle 5 candlesticks downtrend has been rejected in the past, if so, then BULL RUN is to start at any moment from 8/28/24 moving forward. This strategy requires waiting for confirmation. There is an example as I added a dome with histogram columns because we've been confirmed to have a BULL RUN up to $85K. Some of you would not have to wait for confirmation because you entered at the entry signal of $49K. Many did not enter at GETTEX:49K because of fear. I was able to confirm this entry through AVERAGE TRUE RANGE. Histogram trendlines are to confirm BULL CONFIRMATIONS but trendlines can be best used never alone but with my 5 candlestick countdown signal. I can't explain it all but I made it look easy to understand without reading. The picture chart says it all. This strategy is new to me. I had to get creative. I marked it as short but in reality, it's long.
COINBASE:BTCUSDShort
by The_ForexX_Mindset
10
BA Buy Zone Triggers Short-term ProsNYSE:BA is definitely below its current fundamentals for the 1st quarter of 2024. This was the biggest gain of all the Dow 30 components yesterday. It was an obvious reversal point at a prior Buy Zone at October's lows. Yesterday was driven by pro traders with a run up at open rather than an HFT gap up at open. We can also see the pro trader nudge pattern in the candlesticks before yesterday's move up. It may consolidate before running up, but this support level is now established for the next move up.
NYSE:BALong
by MarthaStokesCMT-TechniTrader
TSLA: Did a Top Signal.• TSLA is doing a top sign, and it is showing some weakness; • Since TSLA is losing the $200, and it did a top sign, the next technical stop is the $182; • The last 3 candlesticks form what appears to be an Evening Doji Star, which according to Bulkowski’s studies, works as a bearish reversal 71% of the time; • Therefore, a correction wouldn’t be surprising, especially when we realize how far TSLA is from its 21 ema right now. The mid-term bias is still bullish, despite the possible correction. In this scenario, any bullish reaction above a clear support (the $182, or even the 21 ema) would be just an opportunity to buy, as the bias would still be bullish, and the Risk/Reward Ratio would be very good; • I’ll keep you updated every day on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2