4hrchart
Resume Bullish Trend and potential correction bearish There was a false breakout circled in RED . My previous analysis has proven to be wrong, so this is an updated analysis.
It is interesting to see the price has broken out and closed above The First Resistance Zone
Now we can look out for bullish movement toward Fibo 1.5-1.618 between the price of 1.57385 and 1.57636
MACD Cross-over occurred and now passed above the zero-line + Aroon Down is crossing upward as a double confirmation signal
Once the price has reached there. We can expect Correction Bearish Trend to The Baseline (Kijun-sen: Cyan line)
and potentially reach trend line drawn refer to the false breakouts indicated by Dotted Purple Arrow
Anyway, I still believe that EUR/AUD is in long-term BEARISH TREND due to Weekly Timeframe reading.
Thx for reading and welcome all opinions.
LINKUSD 4HR Chart, LONGLink looks like this support will hold and a breakout should be immenent. I do not expect a dip below historical support. The next leg up will produce another ATH. If support should fail, we should find safety in the $45 range and then $42.5. RSI might retest support so keep an eye on that.
$55 incoming...
Analysis of BTCUSD on the 4 hour chartBitcoin broke an uptrend, and when it breaks 49487, its selling targets are:
47232
And when 47232 is broken, he has broken the Wyckoff drainage stage, so his selling goals are:
- 44726
-41527
-38267
-34283
_______________
If he exceeds 53075, his buying goals are:
-56839
-59522
_______________
My personal opinion:
He broke an uptrend while he was at the end of the Wyckoff discharge stage, and he will break it downwards, so I am in favor selling.
GBP/JPY 4HR accumulation #1I see a potential final LPS on this pair around the current price region before a continuation to the upside. I'm waiting for some entry signs and a slight retracement to identify an LPS
ZENUSDT Third wave?Hello traders. After a nice move up yesterday from a double bottom, ZEN/USDT pulled back forming a corrective sub-wave 2 of the larger wave cycle 3. If my count is correct, we would enter a sub-wave 3 of the greater wave cycle 3. If correct? Some good gains could be made. Good luck!
potential 4hr chart ascending triangle bull pennant. Target 1.544hr chart bullflags will get nullified way more often than ones on the 1 day time frame or bigger...however considering we will likely trigger the larger timeframe inv h&s pattern that had a target of $1.48 I could see this 4 hr chart pattern playing out rather well despite the higher percentage of fakeouts or nullified bull pennants we find on the smaller time frames. Of course either outcome is possible until we confirm a break one way or the other but probability currently favors the bullish outcome. *not financial advice*
GBP/USD Elliot Wave AnalysisFX:GBPUSD
Elliot Wave Forming on the 4hr GBP/USD chart
Price is likely to reverse at 1.48000
Multiple entry points but overall uptrend as
Elliot completes trajectory
XRPUSD looks ready to break out of 4hrchart ascending triangleI give it no later than the 11th-12th of this month for xrp to finally break above this pattern 58-59 cents is the target here. Of course no bullish breakout has been confirmed yet meaning a fakeout resulting in a breakdown instead of up is still potentially in the cards. I will be waiting an obvious breakout one way or the other however probability currently favors the bulls slightly. *not financial advice*
USD/ZAR Forecast/4 HRFX:USDZAR
A retracement forming on the 4hr after an
elliot wave formation during a downtrend.
likely reversal into an uptrend after
the full retracement completes.
MBLUSDT Four hour reversal candleA strong reversal candle has formed on the 4-hour chart. Fibonacci projections on the chart. Good luck!
EUR/GBP Short Updatedshort opportunity on the 4H for the EUR/GRBP pair, possible 100+ pips.
Broken triangle suggests a likely continued descent downwards.
respecting fibonacci levels and support lines
broke structure and went past previous diagonal trend line
still showing signs of a continued downtrend,
as price respects second diagonal trendline
SXPUSD 4HR ChartPlaying with Elliott Wave and saw a potential for a nice trade setup with MA and FIB rejection coinciding with a nice impulse wave bounce opportunity for wave 4/5.
*Not financial advice
LINKUSD 4HR Plan, NeutralBreakout played out similar to what I thought it would, albeit a few candles later than I thought. Breakout was very strong though(Grayscale announcement). I expect a retrace to the .618 area which would be around $29. That area should hold considering the strength in the market right now. Dips are being bought with ferocity. Not sure why that would change now.
If we hold the .618 I personally expect fireworks and to test ATH within a week. If it breaks down then I will just watch BTC to help predict my next entry. As always, this is just what I am thinking. I personally day trade based on this data, I scalp in and out a few times a day. I can have as many as 70 trades in a day on active days or less than 10 depending on volatility. I have a day trading account account(several) and then my HODL bags I do not touch, EVER. I see people all the time trading and losing coins that would bring better gains just HODL'ing for a year(more preferred). STAY SAFE
**I can chart anything by request as well, using any Indicator/trend analysis you desire. Just shoot me a message. I post LINK because I personally hold 20,000+ on my cold wallets. I believe in the project and it is just getting started
BTCUSD threatening a h&s breakdown to 47kwere this to happen it would still not break the bullish momentum as 47k is still just a higher low on the daily chart. I would have to dip below 42900 to form a lower low, so this pattern can very likely validate and price action drop to even as low as 43 k and we would still continue to be bullish. I wouldnt be alarmed unless I saw price action below 42.9k I will be accumulating if it does breakdown *not financial advice* , Also all the bullish patterns ive posted in the recent week are still all valid we are just seeing a pullback on the way to their targets which is a normal and pretty common occurance.
GOLD FOR LONGGold can still move to the level of 1746 and 1762, especially in conjunction with several fundamentals this week that tend to weaken the $ and stimulate inflation to make the $ fall.
LINKUSD 4HR Plan, Long?We see what was expected, a down trending channel. We see a lower and lower low on both the RSI and price chart suggesting continuation. So let's long it! In all seriousness, I am neutral here. If we can find support in the zone and bounce at this historical support then I expect a decent bounce.
If we lose this support then we should see continuation to the $26.5 area to try to find support. We all know if it doesn't find support by the time the Asian market takes hold then down we go! As always, wait for confirmation candles to print before forming biases. Be safe friends!
LINK 4HR, Breakdown As ExpectedAs I noted in my last post, if the 55 MA and the 618 Fibonacci level did not hold we would continue to make a downward move. That is exactly what has happened. we also have a perfect tap on the downward RSI trendline. Volume on this latest candle was extremely bearish. Now to see if the 200 MA will hold
LINKUSD 4HR UpdateWe once again find LINK at a pivotal point....will the .618 fib line hold? We do also have the 55 EMA around the .618 fib level so if this level fails then expect the downtrend to continue. We also had a few rejections on the RSI trendline as well. Let's see how this plays out overnight.
I know the chart looks "not clean" but I felt the fib lines were important to show levels!
