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Beyond Technical Analysis

Hurricane Alert, XRP Is About To Move ForwardIt is pretty clear now what is just about to happen, and this is great. I think it is awesome the fact that XRP is about to move forward because recently it grew strongly and everybody rejoiced; another round and people will be even happier. I don't know where to start so let's go with the targets. $3 can be ignored as it was hit already on the 3-Dec. high. The $2.90 peak is $3 rounded up or a technical $3. The signals are the following: Weak retrace = bullish strength. High volume = bullish support. 11 days of consolidation = fair enough. The retrace activated the 0.382 Fib. retracement level for this bullish wave. On an impulse, this is standard and a resumption can happen right after this level is activated. On a correction, we see 0.618 and 0.786 Fib. retracement activated. On a bear-market, we see 1 being activated. On a retrace, normally 0.382 and sometimes 0.5 if the retrace is a strong one. All the pairs retracing activated the 0.382 Fib. retracement level and are now moving forward. Some already moved ahead (quick example: Aave). There should be two tries at $3. Let's say two daily candles and it breaks. It is going to break as resistance for sure. This is because all the chart technicals are pretty strong. The technicals are both, pretty and strong; pretty strong. The main targets based on the short-term (within 30 days but likely a few weeks only) are $3.65 and $4.68. It is a continuation of the previous bullish move. The momentum and dynamics are the same. So straight up; strong. Let's change the energy... XRP has been on a great bullish wave and this has been amazing so far. It caught many by surprise because the market was sideways so long and with bearish tendencies at that. When it broke bullish, boom! classic, it was all Crypto and it continues to be the Cryptocurrency market in the sense that there is no looking back once the bull is on. The greatest part is that we are seeing only the beginning, it will go on and on and on 2017 style. Bullish impulse bull-run mode. When you think it is over, the market will gives you more. When you think a correction comes next, the market will continue to grow. I am looking at the next move for you, just the next target and not a big picture long-term chart. When this target hits, I can publish another chart and then another one. Because the one I published is already at the bottom of the pile and it cannot be updated anymore. If I want you to read it I have to publish new ones. Question: How long can XRP's bullish wave last? Answer: Too hard to say. A standard bullish market can go through July 2025. But we don't know about standard so anything goes. Remember the Trump-effect. Potential Spot ETFs for XRP, global adoption, on and on. The market isn't being blocked anymore so there can be a long-term bull-market like we have never seen before. We just don't know but it is very likely that it will be many times stronger than anything you can account for. Question: Is it too late to enter? Answer: No. It is never too late. But entering at such a time requires some experience. The risk is higher once the action is underway. Just plan for all scenarios. What would you do if you decide to enter and there is a crash the next day? Will you hold or sell at a loss? If you hold, for how long? If you decide to sell at loss, when? 20%, 30%, 10%, 5%? If you enter now, when do you plan to exit? What's the plan? Quick profits? Stay out, there are better choices for this. Always go with the pairs with the lowest risk. You can't go wrong if you have low risk vs a high potential for reward. It is not too late. Question: What about XRPBTC? Answer: Looks good and shows plenty of room for long-term growth. Question: When will the first correction happen and how long will it last? When a major level is reached. I don't know. The signals will be clearly present on the chart. The correction can last between 1-3 months and then a new and stronger wave that ends in a bull-run. It can develop after Q1 2025, very hard for me to make such a prediction as this point. Question: When to take profits? Each time a major level is hit. Taking profits is healthy. Aim high but trim your position even if just by a little bit to allow the market to continue growing. After a strong level is hit, more profits can be taken. At the start, the bare minimum. Hold long-term. We have to see how it all unravels first because we are in uncharted territory. We've never seen Crypto with a favorable US government. We've only seen Crypto while battling against the dinosaurs. We don't know how exactly the market will respond to a favorable regulatory environment, we know it is positive, we just don't know how positive. We have favorable conditions also on the fiat side, less interest on the money and more monetary expansion, the perfect storm for Cryptocurrency to take over the world. Question... Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
2
AUD/USD Analysis (1-Hour Timeframe)I'm monitoring AUD/USD closely as the price approaches a black trendline. If the trendline is broken, it could signal a bearish move. My target for this setup is the green support level, which has historically acted as a strong zone of buyer activity. This area could present opportunities for either reducing short positions or watching for a potential bounce. Key points: Wait for confirmation of a trendline breakout. Observe volume and candlestick patterns to validate the move. Be cautious around the green support level for possible reversals. Patience is essential for the best entry!
Short
by rebenga93
2
BTCUSD can go both ways!!!Full BTC/USD 4H Analysis with Projections Key Ichimoku Observations: 1. Tenkan-sen (Blue Line): Flat, indicating short-term indecision. 2. Kijun-sen (Red Line): Also flat, confirming a sideways market. 3. Senkou Span A & B (Kumo/Cloud): The Kumo is thin and slightly bullish (green), suggesting indecision but still supporting a bullish bias. Price remains above the Kumo, maintaining an overall bullish structure. 4. Chikou Span (Green Line): Positioned above price from 26 periods ago, confirming bullish momentum. However, it is approaching historical price clusters that may cause resistance. Wave Theory Analysis (N-Wave and P-Wave): An N-Wave (bullish impulsive move) occurred earlier, followed by a period of consolidation. Currently, a P-Wave (triangle formation) is evident, with price contracting between 100,000 (support) and 102,000 (resistance): Breakout above 102,000 signals trend continuation. Breakdown below 100,000 signals bearish correction. Time Theory (Kihon-Suchi): Ichimoku Time Theory suggests cycles of 9, 17, 26 periods where price movements, reversals, or consolidations occur. Using these time projections: 1. We are at the Decision Zone: The price is consolidating, and a breakout or breakdown is expected within 4-8 candles (16-32 hours). 2. After the breakout/breakdown, the following time projections apply: 9 candles (36 hours): For 1st targets. 17 candles (68 hours): For extended targets. Trade Setup with Projections: Bullish Scenario (Higher Probability): Trigger: Breakout and close above 102,000. Confirmation: Price holds above Tenkan-sen and Kijun-sen. Chikou Span remains free of resistance. Targets and Projections: 1. 1st Target: 104,000 reached within 9 candles (~36 hours) after breakout. 2. 2nd Target: 106,000 reached within 17 candles (~68 hours) after breakout. Stop Loss: Place below 100,000 (psychological support and Kijun level). Bearish Scenario: Trigger: Breakdown and close below 100,000. Confirmation: Chikou Span drops below the price structure. Price enters and closes below the Kumo. Targets and Projections: 1. 1st Target: 98,000 reached within 9 candles (~36 hours) after breakdown. 2. 2nd Target: 96,000 reached within 17 candles (~68 hours) after breakdown. Stop Loss: Place above 102,000 (resistance and previous highs). Time Cycle Summary Table: Conclusion: Current Bias: Bullish as long as price remains above the Kumo and 100,000. Next Action: Monitor price behavior near 102,000 (resistance) and 100,000 (support). Time Projection for Breakout or Breakdown: Next 16-32 hours (4-8 candles). This combined approach using Ichimoku Wave Theory, Time Theory, and price action provides a clear trade plan for BTC/USD.
BITSTAMP:BTCUSD
by Welburg_Trading
Example of how to select a volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The date that I am talking about as a volatility period refers to a period in which there may be a movement that may change the trend. In other words, it means that there is a high possibility of creating a new wave as the volatility period passes. Basically, the volatility period is expressed as an issue regarding the coin (token) or a global issue, but the volatility period that I am talking about is expressed by the support and resistance points and trend lines drawn on the chart. - The support and resistance points refer to the points drawn on the 1M, 1W, and 1D charts. In other words, they refer to the points of the HA-Low, HA-High, BW(0), BW(100), and OBV indicators displayed on each chart. When indicating support and resistance points, indicators connected to the current price candle are unconditionally drawn. Also, indicators that are not expressed up to the current price candle are drawn starting from the one with the longest horizontal line. Among indicators that are not expressed up to the current candle, horizontal lines expressed less than 5 candles are not drawn if possible. If there are support and resistance lines that are expressed too closely, the support and resistance lines that are closest to the current candle are used. - The StochRSI indicator is used to draw a trend line. When the StochRSI indicator enters the oversold or overbought zone and reverses, that is, when a peak is created, those points are connected and expressed. Therefore, the peak created in the 20~80 range of the StochRSI indicator is ignored. Therefore, the trend line is created by connecting the high and low points of the StochRSI indicator. However, the high point connection line connects the opening price of the falling candle. If there is no bearish candle at the peak of the StochRSI indicator, move to the right and use the first bearish candle. When drawing the trendline for the first time, it is better to draw it from the vicinity where the current wave started. If the StochRSI indicator has two peaks in the overbought or oversold area, use both when it leaves the overbought or oversold area and then re-enters it. Otherwise, use only one peak at a time. - Draw support and resistance points and trendlines on each chart. - Find and mark points where trend lines or support and resistance points intersect at least two times. The importance is determined in the order of trend lines drawn on the 1M chart > trend lines drawn on the 1W chart > trend lines drawn on the 1D chart. Therefore, in order to express a period of volatility with a trend line drawn on the 1D chart, there must be at least two intersecting points. In other words, there must be at least two intersecting points when indicating a period of volatility, such as when trend lines intersect each other or when trend lines intersect support and resistance points. In addition, support and resistance points are also important in the order of 1M > 1W > 1D charts, so when they intersect with support and resistance points, they are selected according to this importance. - Then, if you hide the trend line, you will complete the chart showing the period of volatility. - When drawing for the first time, 1. When indicating support and resistance points, if you do not understand the arrangement of candles, it may be difficult to select. 2. It may be difficult to select the peak and candle of the StochRSI indicator. 3. It may be difficult to select which intersection point to select when indicating the volatility period. Since you cannot get used to everything at once, it is recommended to draw and observe one by one and try to solve the difficulty of the next step once you get used to it. - The StochRSI indicator on this chart is an indicator whose formula has been changed from the basic StochRSI indicator. Therefore, if possible, it is recommended to use the StochRSI indicator on my chart. If you use your own StochRSI indicator, Settings: 14, 7, 3, 3 (RSI, Stoch, K, D) Source value: ohlc4 If you change the values ​​above, it will be expressed similarly. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
Education
by readCrypto
XLM 4-hour breaking any trend "Run Chart"As most of my followers know, I like to make run charts to visually watch PA move thru the structures and helps give us clear meaning to where PA ends up heading off to. Watching the PA take place within the Triangle Flag pattern (dotted lines) -or- The channeling up & down (solid lines) -or- the complete failure of the pattern-structure(s) to a downside because of indicator pressures. On this chart shows my recent trades with XLM and my wishing buy back zone, way down yonder before the "blue 2.618 fib". Blue Fibs being the most recent, PA is hanging with Blue 3.618. Green Fib (medium old) busting lower than o.5 Green fib will be very challenging for PA and that alone might keep PA from reaching my repurchase buy zone around 40 cents. The Oldest Gold Fib o.382 would be the grand bounce area if PA actually did a dip. However I am more watching the normal pattern-structures of the Flag or Channeling as theses two structures are much more accurate with PA analysis. This chart does show the "fancy" double lined moving-averages. Green-Blue-Purple & Red. MA purple lines is a strong bounceable area, and thus keeps pricing within the pattern-structures.. ...if price drops then the last Red MA lines come into play and it is possible to then trigger my pre-set order to repurchase the bags around 40 cents as PA heads for 37 cents area. These kind of trades are highly speculative and very quick... Usually fueled by taking out "margin long stop losses" driving price swiftly down. and the PA will bounce swiftly upwards within minutes... So... in order to catch a low entry point you either have to sit on your computer and wait or just speculate an area (any area), your comfortable with believing PA might catch a low point for re-entry. However I might not get my repurchase wish and have to decide whether to keep playing/trading on XLM or move to another alt coin for fun trading. This is alt season as far as I am concerned it is the volatility of PA, that helps us make quicker returns on our money. Honestly I do expect PA to continue to follow the Flag pattern and eventually break-out to the long side...WHY? basically because we are in a Bull Run. I made the structures to see "IF" the structures fail with PA to the downside because of indicator pressures hinting a possible short term correction. I have a cloggy chart of information- Sorry about that. You can expand or shrink the original chart to better see the structures and additional fib lines. I also have 8 additional indicators that are taking up room as well on the bottom side and I didn't feel like deleting them for this published idea.
COINBASE:XLMUSDLong
by Quartz-
You do not know the future, stop telling people you do. I honestly wish everyone in the market well and I hope things work out for the bulls. I'm not a salty person hoping people lose just for the sake of it, but some people really need to get a grip. Every single time I discuss crypto here people DEMAND I adopt their point of view. Even although I thoroughly explain my methods. Have a track record of catching many epic swings here and tell them I've used these patterns for a living for over a decade. They still insist I change my view to theirs, and most of the time theirs is a YouTube video. YOU DO NOT KNOW THE FUTURE. Stop, literally, telling people what to do. You're not qualified to tell people what to do. And you do not know if you'll ne right. You just think you do. And that ... makes you foolish. The idea just because you think something is right that means you know the future outcome of speculative markets is a delusion. Sadly, it's one usually only the market will resolve. If you're wrong ... your not going to be accountable. Are you? There's no exit plan. There really is no plan. Stop insisting people follow your no plan. Not everyone wants to gamble on you knowing the future.
BITSTAMP:BTCUSDShort
by holeyprofit
58
Core DAO ($COREUSDT): Daily Chart - Bullish Momentum SetupI spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Core DAO ( OKX:COREUSDT ): Daily Chart Analysis for a Bullish Momentum Setup Trade Setup: - Entry Price: $1.3700 (Activated) - Stop-Loss: $0.8576 - Take-Profit Targets: - TP1: $2.5710 - TP2: $3.3331 Fundamental Analysis: Core DAO ( OKX:COREUSDT ) is gaining traction as a blockchain platform focused on decentralized autonomous organizations (DAOs). Built to empower community-driven projects, MIL:CORE has seen increased adoption due to its robust governance model and efficient transaction capabilities. The platform’s ability to attract DeFi and dApp developers is driving its growth in the blockchain space. With its focus on decentralization and governance, OKX:COREUSDT is well-positioned to capitalize on the growing interest in DAO-driven ecosystems. Recent network upgrades have bolstered confidence in its scalability and reliability. Technical Analysis (Daily Timeframe): - Current Price: $1.3720 - Moving Averages: - 50-Day SMA: $1.1500 - 200-Day SMA: $1.0500 - Relative Strength Index (RSI): Currently at 66, signalling strong bullish momentum. - Support and Resistance Levels: - Support: $1.2000 - Resistance: $1.5000 The daily chart highlights a breakout above the $1.3000 resistance level, supported by increasing volume. The bullish continuation pattern suggests further upside potential toward the first take-profit target of $2.5710, with a long-term target at $3.3331. Market Sentiment: OKX:COREUSDT has witnessed a surge in trading volume, reflecting growing market interest. The token's association with emerging DAO projects and recent ecosystem partnerships have contributed to positive sentiment and increased investor confidence. Risk Management: The stop-loss at $0.8576 limits downside exposure, while the take-profit targets offer exceptional reward potential. TP1 provides an 88% return, while TP2 offers a 143% gain, making this setup ideal for swing traders aiming to capture significant upside. Key Takeaways: - OKX:COREUSDT is breaking out with strong bullish momentum, driven by growing adoption and ecosystem development. - The trade offers excellent risk-to-reward ratios, suitable for both swing and long-term trading strategies. - Discipline in execution is key to navigating potential market volatility. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Long
by SiriusTrading
EUR/USD Shorts from 1.05600 back downThis week, my analysis for EUR/USD aligns closely with GBP/USD, as both pairs have exhibited bearish momentum. However, there are subtle differences in price action as we approach the final month of the year. A key focus is the 4-hour supply zone around 1.05600, which initiated a break of structure to the downside. Once price reaches this area, I’ll look for redistribution on the lower timeframes to confirm a potential sell. If the price moves higher, the 2-hour supply zone just above offers an even better opportunity for shorts. Confluences for EUR/USD Sells: - Liquidity Below: Significant downside liquidity remains untapped. - Bearish Momentum: The pair has been bearish for the past two weeks. - Break of Structure: Key levels have broken to the downside on the higher timeframe. - DXY Correlation: The dollar index (DXY) supports this bearish setup. - Key Supply Zone: The 4-hour supply zone caused the initial bearish move. Note: If price mitigates the 5-hour demand zone, I may consider a counter-trend buy to take price back up toward the supply zone. However, if this demand zone fails, it will trigger another break of structure (BOS), prompting me to identify a new supply zone for potential shorts. Stay disciplined and have a strong trading week—let’s close Q4 on a high note!
Short
by Hassan_fx
My expectations for US30 at H4Hi Guys! We are at US30 H4, I do my trade at M1 or M5 but I wish to share my view point with you about it in H4, Hope it will be useful... We need to see how the price closes in the 4-hour time frame at point A. The first scenario: if it breaks the channel (Channel) with a powerful bearish candle, the possibility of continuing the bearish trend until reaching point B, which is the intersection of the three trend lines (T1, T2, T3) and the bottom of the bearish channel (CH) and also a beautiful number (around of 43000), is very high; There is a gap that the price is very willing to see, so in this scenario it is possible for the downtrend to continue for at least half of the gap. The second scenario: if the price touches the bottom of the channel (Channel) and makes weak Bullish or bearish candles in the 4-hour time frame, the possibility of the price returning to the upward trend is very high, in this scenario, the price is likely to complete its second movement size (leg2) and complete the project 3 collisions (1,2,3) move towards the beautiful number of 46,000 Both scenarios are beautiful scenarios that can be easily seen, it should be seen which scenario is not easily seen, the probability of its occurrence will be higher. Wishing you successful trading My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
TVC:DJI
by ali_kasma
Do you really think hedge funds are using RSI?Back in the day when floor trading was a thing, cunning extroverts ruled the market by reading other people's mind and manipulating them, using their strategies against them face to face. When we stepped towards digital age, the upper hand transitioned towards people who were able to read the orderbook and decipher the intentions of the market participants, also manipulate them with their heavy limit orders. As the time progressed we become better at making the data accessible and some smart people invented their way of interpreting the market trough mathematical equations, which we call now "the indicators". As robots stepped into the game, the orderbook become too complicated for humans and the indicators and well established market formations remained as the last castle for traders. As it become more accesible trough platforms like tradingview more and more people started using indicator and even formation based strategies, which made it not work. The reason behind this paradox is that if we know a lot of people are using the same formula or pattern to take trading decisions, we can also use them as source of liquidity to execute our heavy transactions. So the indicators become the mask of the market makers. For example given the MM knows how an indicator is calculated, they also know what kind of price movement can make this indicator fire a signal and make traders step in. In most of the cases indicator based strategy backtests returns poor results and you can verify that by looking at almost every strategy published on tradingview that shows "realistic" performance aka no repaint no portfolio tricks etc, we see that they are not able to outrun the market. On the other hand a lot of people believes if we feed price and volume data to an Artificial Intelligence model, we got the money printing machine. I have been working on this idea since 4 years and I never met someone better than me in my field and specilization as a Computer Science Student at Georgia Tech and I tried eveything, trust me "everything" and it never worked out. So I knew that there is a missing piece candle sticks and volume are missing something, and I know what is it now: "orderflow" When I first started learning about orderflow -around a month- I realized all of the indicators I did before including hundreds that I trade based on but not publish, are not explaning why the market moved and why the market can move or not, they are just my way of trying to make backtests work under the assumption if they did work they will work in the long run, law of big numbers. Conversly, the orderflow method is the first thing I encountered that answers questions like why and when and actually makes sense. I started consuming the whole online content like forums youtube books etc full time and got an actual understanding how market actually works. I got the cheapest subscription for the cheapest orderflow platform for 20 bucks just to give it a try and started analyzing historical data with tools footprint charts, delta-cumulative delta and volume profile. What I saw was the inside of the market, not only the results like candlesticks but rather the causation behind it. I made a mind map of all the information I gathered and come up with some strategies, and what is it? Something that works for the fist time in the last 4 years of my inhuman effort. I started forward testing with paper trading and it is going well so far. What I am trying to say is that without knowing the story you cannot be the main charachter, learn orderflow and got rid of all of the bunch of funny lines on your screen. It is not the wholly grail, you still need to be smart and cautious, and psychologically strong when trading, but it is something that can make what you want to achieve possible.
Education
by mertenes3
4
GBPUSD bears seems to be in controlIchimoku Analysis 1. Price vs. Cloud (Kumo): The price has sharply broken below the Kumo (cloud), confirming a bearish trend. The Senkou Span A (leading green line) is below Senkou Span B (leading red line), showing sustained bearish momentum. 2. Tenkan-Sen (Red Line) vs. Kijun-Sen (Blue Line): A bearish cross (Tenkan-Sen below Kijun-Sen) occurred earlier, supporting the downward move. 3. Chikou Span (Lagging Green Line): The Chikou Span is below price and cloud, affirming no immediate support in historical price levels. 4. Key Support & Resistance: Resistance: 1.2763 - 1.2786 (cloud top and recent highs). Support: 1.2600 (current psychological level), 1.2550 (minor support), and 1.2500 (major psychological support). Ichimoku Wave Theory The current price move forms a bearish N-Wave: 1. Impulse Up to 1.2786. 2. Correction Down to 1.2650. 3. Continuation Down to the current level (1.2600), with potential for a further leg down. A measured move projects a continuation of approximately 100-120 pips below 1.2600, aligning with 1.2500. Ichimoku Time Theory Time cycles (9, 17, and 26 periods) help predict the timing of price targets: 1. Breakout Timing: The breakout below the cloud occurred after 17 periods of consolidation. 2. Time to Targets: TP1 (1.2550): Likely within 9 periods (36 hours) from the breakout point. TP2 (1.2500): Likely within 17 periods (68 hours) from the breakout. Each period represents 4 hours (4H chart). Trade Setup 1. Entry: Sell on a confirmed break below 1.2600. Alternatively, enter on a retest of 1.2650 (Kijun-Sen level). 2. Stop-Loss: Above the Kumo at 1.2763 to protect against reversal. 3. Take-Profit Targets: TP1: 1.2550 (minor support) – expected within 36 hours (1.5 days). TP2: 1.2500 (psychological level and measured move target) – expected within 68 hours (3 days). 4. Risk-to-Reward Ratio: Entry: 1.2600 SL: 1.2763 (163 pips) TP1: 1.2550 (50 pips) TP2: 1.2500 (100 pips) Conclusion The bearish structure, confirmed by Ichimoku Cloud, Wave Theory, and Time Theory, favors further downside. Expect TP1 (1.2550) in approximately 1.5 days and TP2 (1.2500) in 3 days. Monitor for a retest of 1.2650 or a clear break of 1.2600 before entering short positions. This setup aligns with Ichimoku's principles of combining price, time, and wave analysis for a comprehensive trade strategy.
Short
by Welburg_Trading
GBP/USD Sells from 1.2700 back downThis week, I expect GBP/USD to continue its downtrend, following a clear change in character and a break of structure on the higher timeframe, signaling bearish momentum. My primary plan is to wait for a retest of the 2-hour supply zone, located above the Asia high. Once the Asia high is taken, I’ll look for confluences to execute potential sell trades. If the 2-hour supply zone fails to hold, I’ll shift my focus to the 10-hour supply zone, which represents a significant structural point. Should price distribute in this area, I’ll look for major sells to align with the prevailing bearish trend. Confluences for GBP/USD Sells: - Liquidity Below: There’s substantial liquidity to the downside waiting to be taken. - Bearish Momentum: The pair has been bearish over the past two weeks. - Break of Structure: Price has broken key levels to the downside on the higher timeframe. - DXY Correlation: The dollar index (DXY) is aligning with this bearish setup. - Key Supply Zone: A well-defined supply zone caused the initial downside move. Note: As price approaches the 8-hour demand zone, I’ll also consider any long opportunities to take price up to the supply zone for a countertrend move, rather than waiting for bearish setups exclusively.
Short
by Hassan_fx
XAU/USD Long imminent lookout! back up to 2690My analysis this week for gold is to look for potential imminent buys at this demand if i see a correct confluences play out on the lower time frame as well as the sweep of that sunday asia low. Once that happens i will look price to retace in this area back up to an area of supply. As price has changed character the downside and broke structure i see now heading down more. i will wait for price to make a correction and fill imbalance above then continue to drop off around the area of that 6 hr supply zonne Confleunces for XAUUSD BUYS are as follows: - Price Changed character to the upsice on the higher time frame. - Price swept the top side liquidity off last week consolidation and letf the bottom which still hasn't been taken. - Price needs to retrace to continue its bearish course. - DXY corresponding slightly as well. P.S. I am interested in shorts but the opportunity as of were current price is, isn't ideal hence why I'm looking for short term buys to sell. Have a great trading week, Q4 soon coming to an end, lets gooooo!!!
OANDA:XAUUSDLong
by Hassan_fx
2
How far ETH will pull back? Potential Future PathIn this chart, all bull trends are in green and bear trends in red, the the longer/ more tested, the stronger the line. -The dark red line in the bottom corner was a descending trend we had since over a year ago -We broke out and established a strong ascending trendline and an ascending channel that was about 15 degrees lower slope. And actually at the same time it confirmed the upward channel, it started the downward channel, recently confirmed. -The other battle here is we lost that strong dark dark green ascending support line and then we came back up and took it back, got rejected and then tried numerous more times to break it before giving up and losing ground. * Once again we will need to decide which channel we want to maintain, the ascending green channel or the newly formed descending red channel * I drew some lines of what seems Potential Future Paths, based on my interpretation of the current chart *Each set of eyes are where you want to be paying attention should we make it to this area. Roughly this chart infers. Possible downside ETH: $3650-$3550 | bullish | If we maintain this green Ascending channel ETH: ~$3450 | Possible short term bear Possible Upside: Look for resistance around $3950 after testing channel bottom. ------------------------------------- Orderbooks: Currently orderbooks are strong but we did have the first significant dip in trader confidence we have had in a long minute with the recent sharp pullback but asks are back up to a very stable level. A recent uptick in in bids at 100% DOM, infers traders think there is some more pullback possible though this could be short lived. This is per coinmarketflow, using the new TV charts on ETH. ------------------------------------- Longer Term: Note, that is 1 hour candles, here is the same chart with 1d candles: * Notice we are in a looong term ascending trend and we still have a ways before we test our theoretical top of channel but also there is a lot of room for this to fall, ETH could fall to $2500 in the next days to months and it would still be in an overall longterm ascending pattern with numerous proofs of support over the years. This is my research based on trend analysis and orderbooks. You should always do your own research, maybe my research will help add to your own and work out as a win.
COINBASE:ETHUSD
by EncryptShawn