GOLD HAS BROKEN MANY SUPPORT 🥇 Gold has broken many support levels such as 2640-2630 to extend the decline this morning. In today's Asian session, watch for the recovery to continue to sell gold, aiming for the support zone of 2607-2600.
Gold has broken the triangle pattern around 2638 - And if the H4 candle closes below 2620, it will break the neckline of the head and shoulders pattern
🛫Therefore, watch for the recovery to continue to sell gold.
Broken
Aave(AAVE): 200 EMA Broken!!!! Now Where? Coin has broken so compliantly that 200EMA is currently re-testing this same EMA.
As long as this re-test holds its zone, we might see some further movement to the lower zones, but if the re-test fails and moves slightly to the upper zone, we might move towards our upper, smaller resistance that we displayed as "orange" zones!
Swallow Team
AUDCHFAUDCHF is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 0.38% Fib retracement level.
If the sell momentum continues the next target could be 0.5770 followed by 0.5740 region.
What you guys think of this idea
APPLE SHORT NOW??Disappointing earning resulted in Apple finally getting that retracement that's been long awaited and finally breaking a 210 day bullish demand line. Now there are three options to consider.
At some point Apple IS GOING to test the former resistance shown by the red box and this ss below.
Once it does we'll be looking for its Price action.
As a Bull I'd like to see option 3 play out, a retracement to the 0.382 fibonacci level, a break above the resistance box and a confirmation of that box as support. This would be a text book bull market retracement before new all time highs and would give us the perfect long opportunity.
Option 1 would present a chance for some small quick gains that I will not trade, it could easily represent a lower high which would then give us a great short opportunity, or a new ath which we won't have traded because thr RR probably wont have been there.
Option 2 could present a short opportunity if some bearish divergence is formed.
I will update when some more data comes through. Share your thoughts below!
NZDJPYNZDJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs, seems good buying opportunity.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.02450
What you guys think of this idea?
Keeps fallingMultiple bearish patterns. Last week just confirmed a bearish flag and broke an important support at 125. Price may try to test back the broken support now resistance at 125, but I really don't think is going any higher, too much bearish pressure. You can open a small position tomorrow and if it tests back add more. It has a lot of room to go lower. It may also trade sideways for a few days but eventually will fall. Hold it and wait.
MSFT - Broken Ceiling Falling Channel- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- MSFT has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- In case of a negative reaction, the stock has support at approximately 277.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
BABA - Broken Resistance Level- BABA is in a falling trend channel in the medium long term.
- BABA has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- BABA has support at 81 and resistance at 112.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
NFLX - Broke Rising Trend [MIDTERM]- NFLX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate.
- NFLX has marginally broken up through resistance at 300.
- The short term momentum of the stock is strongly negative, with RSI below 30.
- This indicates increasing pessimism among investors and further decline for NFLX.
- However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
Not nowHi everyone,
I mentioned last time that liquidity would be taken after showing 3 bars with rejection on a failed support. We are on a resistance that just turned out to be a support. Although, I think that we are going to fail it since we broke the trendline that used to form a rising wedge (a bearish pattern). So, we are going to reach the 6.5 level on DOTUSDT.
Instead of shorting the market, I would usually trade the leveraged of this asset. (small secret)
Another possible scenario that might happen, but is less likely, is that the price might bounce since it is facing a double confluence level, where it is meeting the 200 EMA and the strong support that we just talked about.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
Broken Trendline + RetestHere we can see an extremely beautiful move coming up by the anti=dollar.
The price has broken the trendline and did a retest, and got itself a beautiful rejection from the H4 time frame.
Price has great chances to short from here to reach the demand zone for further continuation down after a retest again.
Apply strict risk management system and aim for a good RR.
AVAXUSDT BROKE OUT SIT BACK AND @el33th4xor WITH TOFU 122USDFellow TradingViewers, Vegans & AVAXists (& Emin GUN Sirer supporters).
“The time will come when men such as I will look upon the murder of animals as they now look upon the murder of men.” -Leonardo Da Vinci
Sit back and relax as AVAX broke out of the triangle, the 2.618 looks very sexy.
Just a matter of time till we hit OUR targets, trust Mr. Sirer.
This chart really has respected almost all TA till now. If we hit 122USD, still ain't selling :D.
Happy VIOLENCELESS trading!
BTC, XLM and XRP correlation brokenIf you can hear me, great!
If not..
I am highliting that there is a decent amount of correlation going on with XRP and XLM, in comparison with BTC.
HOWEVER
As of recent, the correlation seems to have swayed to negative correlation.
Remember, one coin is based on decentralization, and the other/s are based on the polar opposite, on the side of banks...
Also, I said that when BTC corrects to $12-20k, i imagine XRP and XLM will begin a bull run.
TRB/USDT Triangle Broken: Long IdeaTRB/USDT has broken its wedge today. The break went with sufficient force and volume, which makes me believe we will see some more bullish action coming in the next few weeks.
Im eyeing the last two highs which touched the upper trend line as potential exits, Resistance 1 and Resistance 2.