ETHEREUM- can we take this as a breakout?!Hello everyone
In today's charts we had brakeouts on almost all of the crypto assets(NFT's not included).As for ETHUSDT we have a breakout of the resistance level 3050$ which is not a key level YET. We have started the week with a green candle yesterday,So lets hope for the best( everything in this market is 60%-40%).
Considering the last 3 candles on the daily chart on ETH which left an engulfing pattern behind, we may see a good changes in the next couple of days, but just to make sure about the better market, I believe we need a daily candle with smallest shadow possible.So for now this is not a breakout for me as an investor, but for me as a trader, I'm always in.
Next resistance level 3200$
Next support level 2950$
Levels
BITCOIN - Wedge or bear flag?!Hello everyone
As we see on the chart on daily timeframe BTCUSDT in between two levels of 41200$ and 39500$ (we had a bear spike in 4 hours time frame yesterday).
✔️If we consider this trading range the end of a wedge pattern in a clean breakout of the 41200 level we may see a retest of this level and have the price reach the next level 44000$.
❌ On the other hand, If we consider this a bear flag (or cup and handle) pattern on lower time frame(4 H maybe)the we may see the break of 39500$ and retest of the weekly trend line(the black line) which shows the higher lows on the market.
In my opinion ( not a financial suggestion) We may see the price goes higher.
will we have a breakout??!hello everyone
In the past 3 days IOTAUSDT created a bull channel in 4h and considering the accumulation in this level and the possibility of bear market in higher time frames and the spikes in the volume in the past couple of days ,there is 20% chance to see a breakout.
for now, let's don't get excited and flow with the trend of the market. resistance level of 0.675$ and support level of 0.625$ have made our certain channel for now.
Will the volume change the direction of the market?? Hi everyone,
Just like many other assets Ethereum (ETH) is experiencing a difficult market. The spike in the volume is a good hope of having a reversal market or maybe breakout of the bear market.
We have a support level on 3000$,In daily and in 4 hours chart we have a good support on 2800$. Let's keep our hopes up that one of these levels hold the price(For investors of course).
US100 in a intraday downtrendJust having to be patient and wait for some sort of reversal or decent pullback.
Today is FOMC so I am not expecting anything to happen until after the statement drops
Trade #001/100 - Ethereum - ReversalTrade #001/100 - BINANCE:ETHUSDTPERP
Good Morning Traders,
Starting a new series of 100 Scalps with 3% Risk and looking for 5:1 R:R ratio.
Looking for 0.618 Fib Pivot Point Reversal
Trend losing bias and forming reversal patterns
Tight Stop-Loss for good R:R, actually looking for a 5:1 R:R.
RSI Div on M15 and on M5.
Lets Keep it simple.
"Nobody - and I don't care if you're Warren Buffet or if you're Jimmy Buffet - nobody knows if a stock is going to go up, down, sideways or in circles. You know what a fugazi is?"
ATOM / BTC Uptrend 4 month. Channel. The analogy with LTC / USDCurrently ATOM / BTC has been moving in an uptrend for 4 months. The growth of the coin was + 250%. Movement in an uptrend occurs in an upward channel in increments of about 50%.
Trading in the channel from the trend line of channel support to resistance. Target on the chart.
Stop-Loss is under the trend support line, but when setting Stop-Loss, consider the potential volatility of this tool.
Sooner or later there should be a breakdown of the channel and the uptrend of this coin. The trend will then change. Therefore, carefully monitor the line of the uptrend. Great potential will work short when the trend changes. But for now, an uptrend. Always trade with the trend. The coin is very technical, I have an analogy with a pair of LTC / USD. Take a look. Below will be the previous trading ideas for the LTC / USD pair with a similar formation and work.
LTC / USD trend trading. June.
LTC uptrend is broken. Trading in a downward channel. August.
LTC / USD. Work in the channel. Pivot points. November.
TUTORIAL Well, this is a teaching idea on the example of the same LTC / USD how to work in a trend. Long
Pyramiding How to earn 52000 with a risk of 5% from 10000 1part
TUTORIAL
Pyramiding money management. 2 part. Short LTC/USD
BTC Bitcoin/USDT Bybit chart. The good, the bad and the ugly! Hey yall let me explain some things real quick. First, I cant use my mic right now... Little cute daughter and wife sleep in my room. Please excuse me. Im also on my laptop not my office set up lol... So I apologize... Great levels to see on my chart as I fib from march 20th of 2020 all the way to ATH of 69k and then 69K back down to the latest low of 32kish... The 0.382 lines up to be a perfect explanation level of resistance as you will see in the video all though I don't explain it all that well lol. Hope you still get something out of it! Any questions I'm happy to answer just leave comments! I know its not rocket science for you advanced traders or even intermediate. Im just sharing my findings... Don't jump down my throat, experts.... most people are very cool on this platform. Some take this a bit too seriously! Just trying to help! Remember that pls when you comment... Feel free to roast me, however, on my lack of short cut skills or my random nervous movements! hahahahaha. I'm good with that! Be blessed and stay free fellow humans! Pachem
Solana long target idea - please critiqueSolana crossed the daily 200MA after a few attempts over the last couple of weeks. I've mapped the 200MA in black and key levels of resistance in purple. I'm assuming if we see a retest and bounce from the 200MA, a conservative long target would be the underside of the next level of resistance. Please let me know your thoughts.
Bitcoin key levels show the next big moveThe daily chart key levels show where bitcoin price spends most of its time and volume.
Price tends to move quickly from one level to another, and from this we can see where Bitcoin could jump to on his next big move.
Currently trading above the 40500 key level, the next one is either 39000 or 46500.
On 4H the next level is either 42220 or 39400.
Follow the nasdaq and S&P500. Bitcoin tends to trend in the same way as these financial indexes. Right now the global trend is bearish but short term is bullish.
LTC rejects $112 as correction loomsTL;DR Breakdown
Litecoin price analysis shows litecoin is struggling to maintain price levels.
Support for LTC is present at $107.
Resistance for LTC is present at $112.
The Litecoin price analysis for today is bearish. The LTC/USD rallied high yesterday when the price surged from $106 to $111.3 in a swift move, gaining significant value. Today LTC is correcting again, and the price has decreased to $110.3 at the time of writing. After getting resistance at $111.3, LTC is correcting again as bears have taken control over the price function. Last week proved rewarding for the LTC/USD pair as the short-term price trend line is upwards, and the coin gained more than five percent value over the past week.
BTC TA for the coming week - levels to watchHi everybody,
here is my BTC TA for the coming week.
It indicates all levels of relevance.
The areas surrounded by thick grey lines indicate large high volume areas.
The "zones of interest" within those areas indicate high volume zones which attract price.
The POC and NPOC levels of course also serve as a good reference point for where price may be headed.
The green zones in between the larger areas indicate low volume zones where price tends to return to or shoot straight through.
Then in between are some basic S/R lines that may be of relevance.
If you like the chart, give me a thumbs up.
Enjoy your week, everyone!
Bank Nifty Intraday StrategyHi Everyone,
So make trading simple as we can this is not a complicated things
Here we can see in this 1 hours chart that yesterday banknifty break a important trendline and the closing is above the line ...
(So my today's view is bullish in the market)
Where to take Trade
1. If banknifty move and close above 34050 then go for CE and the target is 34400 and if market open near 33500 then 33500 is a support you can take CE position near 33500.
2. I'm bullish in the market till 34800 we are planning to buy PE near this level.
That's all for today from my side. If you like then please follow and ask your doubts in the comment section.
The Level is Good Until it's Not (A Lesson in Supply and Demand)G'day, Traders! Despite wars and rumors of wars there are always opportunities to be had in the financial markets, particularly the Energies markets.
The purpose of today's trade example is to demonstrate that once a level of Supply and Demand are created in the financial markets, the rule of thumb is that a level is "good" until they are not... that is, until all the unfilled orders inside them are processed. No matter how old a level may be, they do not go "stale".
Let's look at a trade which closed in the opening minutes of the market at 6PM EST on Sunday March 27, 2022:
A long opportunity became available to us on the 4-hour chart on Crude Oil Futures in the wee morning hours of Wednesday, March 5 (2:36am to be exact!). That morning (after having the required coffee and bacon as part of one's trading routine) there was plenty of time to evaluate the trade setup using Supply and Demand analysis. When a trade like this appears and meets your rules-based qualification system, you can then give yourself permission to take the trade.
The destination (a.k.a, Target) needs to be an opposing level of qualified Supply. The interesting part, and hence the jist of this article, is that no matter how old a level is, "a level is good until it is not." The level of Supply identified was from July of 2008 – almost 14 years ago! It is treasure chest full of sell orders that was created in 2008 and hasn't been touched since!
As you can see from the chart, price entered that Target level and ricocheted right away like a cat on a hot stove! If you drill down to the 1-minute chart you can see that price stayed at that level for a full two minutes until all the Buy Orders were exhausted and the sellers were back in control, driving price back down.
When trading via Supply and Demand, don't worry about how old a level is... if it meets your criteria of being a quality level, take it!
As always, Trade Well!
$CTVA could be headed higher if it breaks above $52.24* Strong up trend
* Sector: Basic Materials - Agricultural Inputs
* RS vs. Sector: 3.42
* RS vs. SP500: 2.17
* U/D Ratio: 1.7
* Base Depth: 20.18%
* Distance from breakout buy point: 5.56%
* Volume 39.11% above its 15 day avg.
* For the past 4 weeks $CTVA as been ranging between $49.24 and $52.24 while the general market has been falling.
* A U/D ratio of 1.7 shows that $CTVA is being accumulated
* A break above $52.24 could prove to be meaningful
Trade Idea:
* Wait for a break above $52.24 as a sign of confirmation that the stock is ready to move higher.
Decentraland Mana. Where this Metaverse Is Going?Hi Traders,
here is my view for Mana on a Daily Chart.
Weekly Chart is very clean, PA hit Fibo Retracements by the book.
I am looking to find a way to post 2 charts in the same idea but for now I post the Daily.
Price is at a major S/R, halfway between the Nov 2021 High and 23.6% Fibo Retracement Weekly support.
Daily Chart
PA ia at 2.70
I am Bearish if price breaks below 2.6750 and find resistance to backup.
It is probable a retest of the green area and then bounce back , resuming trending up.
Further down move to the 2.00 if it stay below the green area and can't hold the last lower low.
Recap
Solid bounce above 2.750 and I am bullish, target 3.300.
Any move lower 2.700 and I am bearish. l
Look for short at 2.500, first target at 2.20,2.00 then (very bearish) 1.750.
I'd like to see a double bottom in area 2.0/1.80, it will be a strong bullish pattern.
Please, be aware, this is NFA. Do your own research.
i'm noob and stubborn
USDJPY SHORTMy trading style is about 85% technical analysis, and I find the simplest way to trade with just levels and support and resistance.
Taking two positions on this, the first being around 1.23 TP, in which I will move my stop loss to break even for the longer trade and let it play out to its next level target.
Let me hear your comments or any advice on how you would trade this....
Check out my socials below........