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#TETHER/DOMINANCE 4HR CHART UPDATE !!Hello, traders welcome you all to another chart update on USDT DOMINANCE. If you are reading my update for the first time hit the like button follows and comment in the comment section if you find this analysis helpful. As USDT DOMINANCE is trading inside the falling channel pattern on a lower trend line and crucial support zone, here it needs to break below to bring a consecutive green candle in ALT coins. If we consider MACD is moving upwards and it’s about to print a bullish cross which is an indication for a green candle in STABLE DOMINANCE towards the upper trend resistance. Bounce from the current level will lead dominance towards its upper trend line resistance. Break below from current will be great for altcoins to print green candles. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
#BTC/USDT 4HR CHART UPDATE !!Hello, traders welcome you all to this BTC 4hr chart update. If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly. Let’s look into the chart, As BTC was able to bounce back to regain its previous position from $20.7k to $24k. In the current scenario, BTC got rejected from its $24.4k resistance zone and currently trading at the price level of $23786. Here a bit of more pullback is likely in upcoming hours towards the lower green support of the $22.9k level. We can witness a quick bounce from the green support level towards the upper resistance level to break above this 5 weeks channel pattern. A candle that closes below the lower green support zone will lead BTC again towards the lower support level of $20.9k. Let’s see how it goes in the upcoming hours and stay tuned with us we will keep updating you. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
EURAUDMany traders see a trend continuation here, I still have doubts so let's close our short positions when market opens and join the long-term reversal. There are several reasons that support this buying scenario ⠀1. strong support zone confirmed with candlestick pattern 2. bullish momentum and very strong demand area 3. a completion of a 3-3-5 flat correction But we do not rush to buy, we wait for a correction outside the channel and confirmation ⠀ Only after that we will make a decision about further moves. TAKE a long @ 1.4769 TP 1 @ 1.5050 TP 2 @ 1.5275 TP 3 @ 1.5534 Protective stop @ 1.4639
Long
by oxxygee
Fibonacci Analysis - Part 1 A. Fibonacci Series 01. The Fibonacci series is a sequence of numbers starting from zero arranged so that the value of any number in the series is the sum of the previous two numbers. 02. The Fibonacci sequence is as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, … B. Properties Of The Fibonacci Series 03. The series extends to infinity. 04. Divide any number in the series by the previous number; the ratio is always approximately 1.618. For example: 610/377 = 1.618 377/233 = 1.618 233/144 = 1.618 05. The ratio of 1.618 is considered as the Golden Ratio. 06. Further into the ratio properties, one can find remarkable consistency when a number in the Fibonacci series is divided by its immediate succeeding number. For example: 89/144 = 0.618 144/233 = 0.618 377/610 = 0.618 07. Similar consistency can be found when any number in the Fibonacci series is divided by a number two places higher. For example: 13/34 = 0.382 21/55 = 0.382 34/89 = 0.382 08. Also, consistency is when a number in the Fibonacci series is divided by a number 3 places higher. For example: 13/55 = 0.236 21/89 = 0.236 34/144 = 0.236 55/233 = 0.236 C. Fibonacci Retracement 09. Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices. 10. Whenever the stock moves either upwards or downwards sharply, it usually tends to retrace back before its next move. 11. ‘The retracement level forecast’ is a technique that can identify up to which level retracement can happen. 12. Fibonacci retracements are movements in the chart that go against the trend. 13. In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction. 14. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 15. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. 16. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. 17. Unlike moving averages, Fibonacci retracement levels are static prices. They do not change. 18. Because these levels are inflection points, traders expect some type of price action, either a break or a rejection. 19. The 0.618 Fibonacci retracement that is often used by stock analysts approximates to the "golden ratio". D. How should you use the Fibonacci retracement levels? 20. Think of a situation where you wanted to buy a particular stock, but you have not been able to do so because of a sharp run-up in the stock. 21. The most prudent action to take would be to wait for a retracement in the stock in such a situation. 22. Fibonacci retracement levels such as 61.8%, 38.2%, and 23.6% act as a potential level up to which a stock can correct. YASER RAHMATI
Education
by yaser_rahmati
Tesla Long Term AnalysisIf the price cross the middle red line downwards in the Bollinger Bands and test the support level of 640.90 price, we expect 640.90 price level is a buying opportunity. RSI level is 54.18. Aroon shows that the price is decreasing. Divergence for many indicator points out that the price will be decreased from the 767.78 price level on the date of 8/7/22. Also, divergence for many indicator shows that the price will be increased from the 623.05 price level on the date of 24/5/22. Target Level: 775.50 Entry Level: 640.90
NASDAQ:TSLALong
by vf_investment
#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update. Till now BTC has performed exceptionally well, bouncing from the green support zone and able to regain 10% till now. In the current scenario, BTC is facing a local resistance and needs to close above to carry on its further rally towards the price level of $22.8k which is the main resistance level for now which BTC cannot break above in the last 6 weeks. Here BTC also getting support from RED ma. The rejection or close below this MA support can again lead BTC towards the lower support levels. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
BITSTAMP:BTCUSD
by Domino_Crypto
#TETHER/DOMINANCE 4HR CHART UPDATE !!Hello, traders welcome you all to another chart update on USDT DOMINANCE. If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful. As we can see from the above-mentioned char that USDT.D broke its local resistance levels and moved upside. It’s currently trading below the resistance level of 7.74%, as USDT dominance printing a bearish divergence in lower time frame charts which are mentioned in the above chart. Rejection is likely from the current level and we can see a short-term meltdown at stable dominance in the upcoming hours. A candle that closes above the resistance level will lead USDT pair altcoins towards a blood bath. So, keep an eye on it to track in which direction it’s moving. NOTE: This is not financial advice This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR OWN RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
#ETH/USDT 4HR CHART UPDATE !!Welcome to this quick chart analysis, if you find this helpful hit the like button and share your views in the comment section. Hello, traders according to my previous chart ETH performed well and moved upside by 20%. In the current scenario, ETH broke above the falling expanding channel. Here ETH is retesting the upper trend line support and a bounce above is likely in the upcoming hours. Red MA is also reacting as a strong resistance which ETH needs to break and retest for upcoming price build-up. If ETH moves back inside the channel then this char will be invalidated. NOTE: This is not financial advice This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR OWN RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto