4h
CHRUSDTCHR / USDT 4H
The "chromia" currency has had a relatively good upward trend in recent days.
As you can see in the chart, "Chr" forms a channel in the 4-hour candlestick, so it has two trends according to the market.
1- The downward trend and breaking the channel floor and correcting the price up to Fibo 61 and Near Ichimoku cloud support range, which is very unlikely
2- The upward trend, which, although it has an obstacle in its path, but its occurrence rate is higher and we can expect the price to rise to the range of 0.9.
BTCUSDTBTC / USDT 4H
Last month, Bitcoin broke its channel but failed to stabilize above the channel, setting a price record of 58,200 and returning to its former channel, hitting a support range that is the middle line of the channel, causing the trend to rise again. Be.
Now, breaking the channel ceiling again, everyone hoped that Bitcoin could establish itself above the channel this time and achieve higher goals.
So if Bitcoin continues to do so, the 64,000 and 67,000 ranges are expected.
S&P 500, SPX, (4H) (1D) Act on opening bell
SPX in 4H seem to have found a new trend towards 4000P, but its tight and could quickly fall of at around 3985/3900 to create a "head and shoulder pattern"
which is usually bearish.
If it hits roof at open on monday im expecting another pullback to 3700 and best case
it continues the trend up with a bottom at 3830.
SPX in 1D seems to have hit the roof already, pointing it towards a bit of a down day on monday.
In conclusion, everything points towards another bearish day, but lets not forget the third round of stimulus check.
Buy or sell on news?
BITCOIN Ascending TriangleI've made myself few rules for trading Triangles.
1. Horizontal Line that touches at least two points
2. Trend Line touches at least two points and intersect with horizontal line
3.Draw a Fibonacci Retracement from top to bottom of the Triangle
Entrance rules
Before triangle breakout, price must retrace between .236 and .382.
Target is distance from top to bottom of the triangle added to the breakout. In this case about 9100
With stop loss slightly bellow most recent swing low.
Hopefully this information is useful.
ETHUSD Possible Cypher Patter Forming Worth To Consider on 4HBy drawing a fib retracement from 1292 to 1584 we see that we have a valid first leg with a drop almost touching the 0.5 (1450).
After that we see a failed attempt to touch 1.272 (1695) and 1.414(1740) region stopping on the 4H MA 200 and 1650 resistance and going back down and these time touching the 0.5 (1450).
Now we are on our way to 1.272 (1695) and 1.414(1740) region touching but not yet breaking the 200MA, lets see what happens.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
DOTUSDT 4HDOT/USDT 4H
These days, many triangular patterns can be seen in the Altcoins trend. Of course, this Quinn also made a beautiful triangle in the 4-hour timeframe. Now we will have two modes ahead.
1- Breaking upwards
2- Breaking downwards
It is estimated that the price of this Altcoin is likely to break higher than its price stability.
DOTUSDTDOT/USDT 4H
These days, many triangular patterns can be seen in the Altcoins trend. Of course, this Quinn also made a beautiful triangle in the 4-hour timeframe. Now we will have two modes ahead.
1- Breaking upwards
2- Breaking downwards
It is estimated that the price of this Altcoin is likely to break higher than its price stability.