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Trendanalyisis

ETH 4HInterval traffic similar to BTCHello, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. What immediately catches the eye is the huge similarity of the behavior of ETH to its predecessor, we also have a downtrend leaving the downtrend channel, and the price is currently staying below the local downtrend line Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we first have a strong support zone from $ 1853 to $ 1773, second support at $ 1760, third at $ 1717 and then fourth support at $ 1658. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here as the first we have a resistance zone that the price cannot break through from $ 1909 to $ 1944, the next strong resistance is at $ 2042, and then the third resistance at $ 2204. Similarly to the chart itself, the indicators also present themselves, and here the CHOP index indicates that the energy is gaining strength. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a rebound on the RSI, but we are staying in the middle of the range, which may deepen the correction.
by cryptodailyuk
GBP/USD INTRADAY LONG3 Main AIO corresponding to valid order blocks 1- Supply that formed before big push to the downside creating a Choch on 1h TF, although maing swing low was not broken. bullish bias for higher timeframes 2- Principal Area of interest with order placed with appropriate risk management, has it the last demand formed before new high is formed on the 1h in confluence with demand sitting at 0.705 fib level of the structural move. In confluence with the POC of volume profile correspondent to the beggining until start of today london session. 3- Demand just below sitting on 0.786 fib level of structural move where if price reaches the area I will look for LTF confirmations to place order There is a significant increase in the volume traded per session as the week develops. last major volume, made price range after creating a new high. Although the build up in volume is aided of price oscillating to the upside. I take that as volume that intends to break structure meaning creating a new swing high. For the reasons above i am bullish for today.
Long
by vsliziario
GOLD (XAUUSD) MONDAY 24 APRIL 2023GOLD (XAUUSD) !!! If this time it breaks above 2000 Level, It will take out previous high 2075 and will create new high. As long as it stays above 1932 level on major levels only, we can look for buying opportunity. IF IT BREAKS BELOW 1932 LEVEL, WE CAN EXPECT IT TO DROP TILL 1886. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
OANDA:XAUUSDShort
by MYWORLD115
NZD/CAD Potential Forecast |HTF Analysis| Thursday 20 April 2023Hi everyone !! On NZD/CAD we have a huge demand above. Because overall structure bias is bearish and that can confuse a lot of the traders if the price starts to reverse. The Demand (POI) market on the chart is on a daily TF so it can mean that whoever buy from this it can buy again and make trend reversal. Every time you place a trade make sure that your confirmation is confirmed with your system/trading plan. Good luck!
by forex_with_quality
EURJPY 1HR CHART SIGNALWe have a nice head and shoulders pattern on the 1hr time frame for EURJPY, there is also double confirmation coming from a good rejection from the 4hr resistance @144.486. we also see the breakout of the uptrend we currently had going on for the past week making it even better opportunity for the sell coming up. A nice point of entry would be around @144.000, putting our SL right above the right shoulder which would be around @145.500 giving us a good space incase we see a small pullback allowing us to stay inside our trade. For our TP I am looking at 1-1 risk/reward so the first TP would be @142.500 and to maximize our profits I would aim for the seconde TP down to the 4hr support which would be around the @140.317.
Short
by Juliansd
1
MATIC/USDT 4HInterval Resistance and SupportHello everyone, let's look at the MATIC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $1.07, if the support is broken then the next support is $1.06 and $1.04. Now let's go to the resistance line, as you can see first we have a resistance zone from $1.08 to $1.10, if we manage to break it, the second zone is from $1.11 to $1.12 and then resistance at $1.13. Looking at the CHOP indicator, we see that there is a lot of energy for further movement, the MACD is on the verge of returning to a local downtrend, while the RSI is in the process of rebounding in a downtrend..
M
by cryptodailyuk
USOIL OUTLOOK (27th - 31st March)With central banks having to promise they would deal with the liquidity crisis that is apparently everywhere and avoid another 2008-style meltdown of the industry. Crude oil prices came off their lows as the near-term outlook for the banking sector improved, easing concerns about an economic slowdown later in the year. Markets are also holding out for more cues from an OPEC+ meeting next month, with hopes that the cartel will cut production in response to a recent tumble in prices. Oil has failed to break supply at 70.11 for the past three days which price is likely suggesting the efforts to convince the public that all will be well are not exactly being successful. If price fails to break and close above 70.11-70.34 range I see selling opportunity towards major support at 66.85 if broken would see price tap into demand at 66.33-64.31 range where there could be possible reversal or a continuation.
TVC:USOIL
by Hybe7e
1
A Divergence Signal!The candlestick indicate a divergence signal where the price closed above the MA line without significant result in volume. RSI is gaining positive momentum due to fresh buying interest from the trader on the stock. But not contribute much on the volume. MACD indicates a divergence signal and coherence with the candlestick price where the price closed above the MA line. Is this will be a turning point for the stock towards next higher price peak? Using the resistance line is a good way to indicate if the price is gaining momentum towards next price peak. Let's save KAB in WL and watch out for significant price movement with volume support the price uptrend momentum. R 0.360 S 0.290
MYX:KABLong
by eskopitehmilo
AXIS BANK LONG POSITION OPPOURTINITY I wanted to share with you my trend analysis for Axis Bank's current trading situation on TradingView. From my analysis, it appears that the stock is approaching a key support area, which could present a potential opportunity for a long position. As you can see from the chart, AXIS Bank has been in a generally upward trend over the past few months, but it recently encountered some resistance and began to pull back. However, the stock is now approaching a support level that has held up in the past, which suggests that there may be some buying interest at this level. Based on this analysis, I believe that it could be a good time to consider entering a long position in axis Bank near the support area. Of course, as with any investment, there are always risks involved, so it's important to carefully consider your personal investment goals and risk tolerance before making any decisions. Overall, I think that AXIS Bank is a strong company with a solid track record, and I feel optimistic about the potential for a profitable investment at this time. Please let me know if you have any questions or concerns, and I'll be happy to help.
NSE:AXISBANKLong
by TRADING-NASA
1
Rebound From Support Range!The candlestick pattern indicates the price has rebound from the price support range. Where the price gains momentum towards the R1. Although there was a significant price movement the result in volume is lower than the average volume. Hence, indicate an accumulated phase pattern but suggests that the long-term uptrend remains intact. The MACD is in a divergence signal, thus, conforming with the candlestick trendline. Let's save CNERGEN in WL and watch out for significant price movement with the volume above the average volume. R 0.965 S 0.865
MYX:CNERGENLong
by eskopitehmilo