Eth- good buying pricesAfter a month-long consolidation near its peak, ETH plunged sharply, reaching a low of 3380 yesterday.
Despite this drop, the medium-term bullish trend remains intact and this decline should be seen as an opportunity to buy at more favorable prices.
My strategy is to buy on dips, anticipating a break above 4000.
Signalservice
GBPAUD Sell/ShortLooking at a new rejection that seems to have been struggling to break past 1.93100 I can confirm to say this seems like a bearish downtrend that is occurring. I will take my entry now at 1.93072 with all inputs for TP and SL below. Please use proper risk management as always.
GBPAUD Sell/Short
ENTRY: 1.93072
TAKE PROFIT:
TP 1: 1.89317
TP 2: 1.86379
SL: 1.94623
Please use proper risk management upon entering this trade.
AUDJPY → Trade Analysis | SELL SetupI have two options here.. bullish continuation from here or bearish break.. Potential BEARISH move!
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity AUDJPY
I still did my best and this is the most likely count for me at the moment.
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Gold- New leg of correction before big drop?As you know from my previous posts and videos, I'm strongly bearish on OANDA:XAUUSD .
However, in my analysis yesterday, I mentioned that after such a significant drop on Friday, a correction is possible.
Indeed, after a double tap on the 2290 zone support, gold started to reverse and reached an intraday high of 2315.
There is still the possibility of a new leg of correction, which could provide bears with a good entry point for the future drop.
A good zone to watch for short entry signals is slightly above 2320.
My medium-term target remains the 2200 zone, and only sustained buying above 2350 would change my outlook.
Lingrid | BITCOIN double TOPPED. What's NEXT ? The sudden plunge of BINANCE:BTCUSDT triggered a widespread panic sell-off across the crypto market, causing a ripple effect that sent prices tumbling. As we can see, the price has formed a consolidation zone, characterized by higher lows and equal highs, indicating a potential stabilization in the market. The trend is now heading towards the support level and potentially June's month lows, setting the stage for a critical test. A fake breakout of this support level would be a strong indication of a liquidity grab, which could be a key confirmation of the market's next move. In my opinion, the price is likely to continue trading sideways, updating higher lows. I expect the market to retest the resistance level in an effort to form a third top, which would provide further insight into the direction of the market's trajectory. My goal is a resistance zone at 72000.00
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LEVERUSDT(LeverFi) Daily tf Range Updated till 11-06-24LEVERUSDT(LeverFi) Daily timeframe range. while market is having hard time today compare to that its holding nicely till now. trying to get out of 0.003990 but its a strong resistance. and not very far away from price discovery, good trade opportunity their if that happens. recent retrace point at 0.003007.
Hellena | EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710.Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”.
I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high.
I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710).
Then we will see what will happen next.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | NOTUSDT buying OPPORTUNITYBINANCE:NOTUSDT has pulled back to the support level, forming a descending triangle. As we can see, the price is currently testing the bottom of this downward channel and support level at $0.015. On the daily chart, we observe that price action has created a buying zone between $0.0130 and $0.0150. I believe that the price may dip slightly before creating new higher highs. My expectation is that the price will retest the swap zone, which has been consistently respected in the past. My goal is the resistance zone around 0.02048
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Hellena | Oil (4H): Long, correction to the area of 76.326.Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this is the minimum of wave “1”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
DXY could rise back to 106.50 resistanceThe beginning of May marked the start of a correction for the DXY, with the index dropping from 106.50 to the 104 support zone.
However, after finding support around 104 and undergoing a few days of consolidation, the much stronger-than-expected NFP data last Friday led to a reversal for the US Dollar, as evidenced by a significant bullish engulfing pattern on our daily chart.
Yesterday, the index also broke above horizontal resistance, and at the time of writing, the price is 105.18.
I expect the uptrend to continue, potentially leading to a new test of the recent high at 106.50.
Lingrid | NZDUSD strong RESISTANCE rejectionThe price perfectly fulfilled my previous idea. It hit the target level. After an initial impulsive movement, FX:NZDUSD is now consolidating and gradually retracing back to the resistance zone. However, price action has failed to break and close above the key level of 0.62000, which suggests that a more substantial pullback is likely to occur. The weekly chart shows a strong rejection of the resistance level, as indicated by the formation of a long-tailed bar. Given this resistance, I anticipate a 50% retracement of the current price action, followed by a resumption of the trend towards the lower boundary of the upward channel. My goal is the support level at 0.60830
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XauUsd- Trend reversal? Will it drop under 2200?Last week was volatile and, most importantly, an interesting week for XAU/USD traders. In light of new developments in the market, a more in-depth analysis is needed to address the question of whether gold will drop to 2200.
Weekly Chart Analysis:
Initial Observations:
As we can see, 2024 started with consolidation and a slight correction of the initial leg up. Since mid-February, there has been a very strong bullish leg, approximately 5,000 pips. During this bull leg, there was only a brief consolidation and no significant correction.
Bearish Signals:
After reaching an all-time high, we witnessed a normal correction.
However, things have become very interesting.
The price resumed its upward movement and made a new all-time high, but the bulls were unable to keep the price above 2400.
The following week, we saw a very strong bearish engulfing pattern, a small pin bar after, followed by an extremely bearish candle last week.
This long-tailed bearish candle engulfed the previous pin bar, indicating a probable top formation.
The price stopped on Friday at a level of support and I believe that in the coming weeks, we will see a drop below this support, potentially leading to a significant drop to the level of consolidation.
Daily Chart Analysis:
Detailed Observations:
On the daily chart, the level of support is more evident.
We saw an initial drop and a new attempt to conquer 2400, followed by another drop and consolidation.
On Friday, we observed an extremely large bearish engulfing candle, with the price stopping at a level of support.
There is a potential head and shoulders pattern with the neckline around the current support level.
If we consider this head and shoulders pattern and take the measured target, it suggests a drop below 2200, around 2180 zone.
Current Expectations:
At this moment, we are at a very important level of support.
After this nearly 1,000 pip drop from the top, I expect a correction to test the resistance zone towards 2325, followed by a continuation to the downside and a break below support level (2285 zone).
Trading Strategy:
Aggressive and Conservative Approaches:
Aggressive traders might look to buy around the current support level but should be cautious due to the very aggressive nature of Friday's drop.
There are multiple resistance levels to consider as targets, starting at the psychological level of 2300 and finishing with 2325 important one.
However, in my opinion, a more conservative approach is better: selling rallies rather than buying at the support level.
Conclusion:
My outlook on gold is extremely bearish.
In the coming weeks, I expect a drop to 2200 and potentially below.
Alikze »» WAVES | Ready to retest the necklineIn the daily time, the long-term survey indicated that it is in wave 3 or C. that wave C had the ability to return to 100% of its previous wave, after which it entered the corrective phase.
💎But at the moment, due to the fact that it has faced demand in the green box in the 8H time, it will have the ability to retest up to the neck line area and supply.
💎 In the future, if it can break the supply area, the process will be reversed, and I will update it if the behavior and structure change.
💎 Alternative scenario: If the green box is broken, the correction can continue up to the $1.95 range.
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Lingrid | ADAUSDT byuing OPPORTUNUTY at LOWER pricesThe price perfectly fulfilled my previous idea. It bounced off the resistance zone. BINANCE:ADAUSDT plummeted downwards, shattering support levels in its wake. Failing to break and close below the crucial 0.50 level, was merely a precursor to a more significant correction, which has recently unfolded. I believe the market may now be poised to revisit its recent support levels and channel boundary, potentially offering a chance to re-enter the market at more attractive prices. On the daily timeframe, the market remains within a developing range zone, which is taking shape as a triangle pattern. In my opinion, this presents a compelling opportunity to capitalize on lower prices by buying into the market. My goal is the resistance zone 0.4700
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TRUUSDT(TrueFi) Daily tf Range Updated till 10-06-24TRUUSDT(TrueFi) Daily timeframe range. another alt doing pretty well while market is down. trying to break out of 0.24465 if volume can keep up its possible. if we get a valid close above 0.24465 than till 0.31015 is open. local support is at 0.18236.
Lingrid | EURUSD GAP down MONDAY openingIn the aftermath of high-impact news, FX:EURUSD has rebounded off the resistance level, triggering a significant impulsive move. On the weekly chart, a long-tailed bar suggests that price may be poised to break below the psychologically significant level of 1.07000. The morning's gap opening has led to anticipate a pullback to this gap, which will likely be followed by a further downward correction. As the market typically fills gaps, which serve as both support and resistance zones, I expect this gap to act as a key area of convergence. On the 4H timeframe, price action has broken and closed below the upward channel, signaling a potential bearish momentum shift. Based on this development, I expect this bearish momentum to continue. My goal is the support level at 1.07000
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PEOPLEUSDT(ConstitutionDAO) Daily tf Range Updated till 09-06-24PEOPLEUSDT(ConstitutionDAO) Daily timeframe range. while many things down this thing absolutely ruling. i had one position from 0.05401 bagging good profits their. now its trying to break 0.14054 if it does 0.18880 got chance to visit. recent retrace point is at 0.10456.
Lingrid | BNBUSDT in CORRECTION phaseThe price perfectly fulfilled my last idea. BINANCE:BNBUSDT has reached an all-time high, riding a wave of momentum as it continues to make higher highs on the daily chart. The recent breakout and close above the massive range zone has been a significant development. Meanwhile, on the 4H timeframe, the market is showing a typical pullback after an impulse move, which is a natural corrective process. It's essential to pay attention to the weekly candle's close, as this will provide valuable insights into the market's future direction. Based on the current trend, I expect the market to experience a squeeze before extending its upward trajectory, potentially forming another compression channel in the process. My goal is recent highs around 730.00
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Alikze »» MKR | Retest the bottom of the ascending channelIn the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone.
💎 Currently, according to the momentum and downward guard, after an attempt to the midline of the channel, it is continuing to correct to the bottom of the channel.
💎 According to the trading node and the previous major ceiling, this correction can continue until the green box area.
💎 Therefore, it is expected that after one attempt to the area, the correction will continue until the green box area.
💎 In addition, if it has the ability to break the supply area of the red box, it can retest the previous ceiling.
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Alikze »» CELR | Wave 3 or C ascending super cycle scenarioIn the weekly period, in its growth period, it went through a complete upward cycle up to the range of 0.19870, after which it entered a correction that occurred in the form of a three-wave in the weekly period of this correction. Currently, after exiting the density and a pullback to the bullish dynamic trigger, it has entered the continuation of the upward trend. In the short-term cycle, there was an upward wave, which can be called the current correction wave 2 out of 3 ascending wave, which can continue this correction in the range of the green box or trigger, and after that it enters wave 3 out of 3, which has the ability to grow up to the range of 1.618 will have But in the super cycle itself, the specified goals will be accessible with the invalidity limit of the analysis of the range of 0.1047
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Alikze »» IOTA |Pullback to dynamic trigger is brokenAccording to the previous analysis , he was able to touch the first supply area of the 0.43 range with the flag pattern.
💎 But now in the 4H time, after exiting the density and breaking the dynamic trigger, it can now touch the specified areas and also the first supply area with the support of the green box area.
💎 Alternative scenario: if the green box is broken, the correction can be extended up to the Fibo range of 1.272.
🟩Sup: 0.2075 ~ 0.2136
⛳️Tp 1:0.2320
⛳️ Tp2 : 0.2441
⛳️ Tp3 : Red Box
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