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Channelbreak

XRP Diamond Bottom On 1H ChartWe just formed a perfect diamond, with bullish confirmation! Looking for a run on $1.64 before any chance of another strong draw back. If XRP is going exponential, expect a break of this range with a high chance of retracing from $2 to around $1.72. Another way of viewing this, is from the Wyckoff Method. We are currently testing the "LPS" (Last Point of Support). Thus, the Diamond Pattern forming at the LPS strongly suggests we are now in Phase D of the accumulation event. Zooming out, to the weekly chart, you will notice, that XRP is not only in Phase D of an accumulation pattern on the 1H chart, but also the 4 month chart AND the 4 year chart. Thus, XRP is primed for a 'Super Cycle' price rally over the next 3-4 months, which could lead to prices between $15-$94 dollars, based upon normalized historical price trends for XRP. TLDR; STRAP ON YOUR PARACHUTES! WE'RE HEADED TO LOW EARTH ORBIT! Helpful References for TA Newcomers; Diamond Bottom Pattern in-depth breakdown www.centralcharts.com Wyckoff Method (w/ labelled 'accumulation' chart) school.stockcharts.com *Chart is a repost; cleaned up version of original.
POLONIEX:XRPUSDLong
by Jayed
EURCAD - Great trade opportunityWatch the eclipse area in 4H TF for the price action. If retested lower line of the bullish trend and it was rejected you can enter for a short position. Otherwise, If a candle was closed above this line, a long entry would be appropriate. HIGHER RISK TRADE: Long NOW since the CAD is weaker than EUR ATM Long-term outlook: In weekly timeframe I'm seeing a XABCD setup having the price currently at C location. Therefore, EURCAD is expected to rise up to 1.64 in long-term. NOTE: Use low leverage.
Long
by farzancool
1
EURGBP is Moving up to the resistance Line Welcome back Traders, Investors, and Community! Hi Traders, EURGBP on H1 after long time being in the Bearish channel did not go all the way down to the Support line of the channel and has got stopped above the Support. There is a high chance that it goes up to the resistance line and breaks above it. ⬆️Buy at 0.851 ⭕️SL @ 0.8463 ✅TP1 @ 0.8605 ✅TP2 @ 0.8685 ✅TP3 @ 0.8794 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Long
by Fibonacci-Signals
USDJPY Unpredictable Hi everyone. Today we're going to look at forex pair USDJPY. its price made a bearish impulse move and now in its correction phase. as we all know after an impulse we look forward to seeing a correction. am looking forward to seeing a breakout below the channel, follow by a small correction to show the larger correction is over. then I can enter the trade. in conclusion I'm hoping to see a bearish movement in the market. if you actually read the title of this idea I said USDJPY UNPREDICTABLE . Why? there's also another analysis on the higher timeframe which shows a bullish move if there's a impulsive breakout above followed by a smaller correction. The market may also be bullish. checkout the analysis below for more info. if you like my analysis don't forget to like, and follow me for more update whenever I make new analysis.
by Sheezeysignals
BTC first attempt to go below 30k... Today we witnessed the first attempt for BTC to go below, in humble opinion it is normal scenario and it should create fake signal for uptrend. I suspect that when BTC went below 30k it wiped out loads of stop losses which pushed price higher. 200 Ema should dump price in next weeks or days. Be aware that full moon is in next 4 days which is very important when dealing with financial markets. In short there is a higher activity with buying or selling during this period of time. I think that if BTC will not go below 30k during full moon this could create very solid support to rely on for the next month or so. to be clear here I am like 80% sure that BTC will go below 30k and will attempt to reach 20k but if it will not in the next weeks or days I would observe how the price will react to the upper resistance/support area of the channel.
Short
by Krystiannwk
1
Huge dump in Bitcoin| Tread with caution (short term)This analysis could be read as a continuation of our previous analysis on BTCUSD. The charts suggested a strong move when we analysed it the last time. And BTC has done just that! Market in the last 24hrs BTCUSD witnessed a major dip in price. Trading volume has spiked up confirming the overpowering momentum of the Bears. Today’s Trend analysis BTCUSD is likely to be weak during the next 24 hours. The indicators still point to a bearish momentum. Even if BTCUSD tries to rebound, we might witness serious pull back by Bears. Price volatility remained significantly high at approximately 6.2%, with the day's range between $31400.00 — $34085.61. Price at the time of publishing: $31605.26 BTC's market cap: $594.87 Billion Out of 11 Oscillator indicators, 8 are neutral, and 2 point to 'SELL' signals. Out of 15 Moving average indicators, 14 are giving a 'SELL' signal, and none of them are giving a BUY signal. Indicator summary is giving a 'STRONG SELL' signal on BTCUSD . Volumes have spiked up in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BITSTAMP:BTCUSDShort
by Mudrex
5
Strong momentum in BTCUSD | BB BreakoutMarket in the last 24hrs BTCUSD had picked up a bit of steam in the last 24 hours. However, the it was still struggling to breakout above the upper band of the Bollinger bands. Today’s Trend analysis BTCUSD has broken above the upper band of the Bollinger bands now. The momentum in the market seems steady on the upside now. Price volatility remained moderate at approximately 4.2%, with the day's range between $37,184.88— $39,216.89. Price at the time of publishing: $39,162.04 BTC's market cap: $733.01 Billion Indicator summary is giving a 'BUY' signal on BTCUSD . Out of 11 Oscillator indicators, 9 are neutral and 2 are giving a BUY signal on bitcoin. Out of 15 Moving average indicators, 11 are giving a BUY signal. Apart from the above 4H chart, the 1H timeframe shows a wonderful channel pattern. It could be used to enter into short term trades on BTCUSD. Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
COINBASE:BTCUSDLong
by Mudrex
3
Has the Gold Correction ended? Confluence Analysis (Daily Chart)Gold has been in a Bearish Descending Channel since August 2020 after it hit the $2070 price mark. Price formed a Double Bottom in March at the 1680 Price Area and since then, Gold has been moving in an Ascending Channel since 20th March 2021, with the Black Uptrend line in the Chart acting as support. Gold has broken out of the Descending Channel and is heading towards the Verified Resistance in the 1948 - 2000 Supply Area. Is the Bearish Correction/ Retracement over?? We don't know, but we are expecting a retest of the broken Trendline Resistance. This will tell us if this is a real Breakout or a Fake Breakout. We are expecting the Retest to happen around the 1824 Area which is also a Demand Area. We have Two Strong Areas of Confluence in the Chart. The Two Buy Zones are the Green Circles in the Chart. First Buy Area: 1752 - 1764 (Untested Support + 38.2% Fibonacci Support Level + Retest of Trendline Support) Second Buy Area: 1808 - 1824 (Verified Support + 61.8% Fibonacci Support Level + 100 SMA H4 Chart ) The last Demand Zone is the Proven Support at the 1680 Area. This is a very sweet Chart Setup for different types of Traders. Elliot Wave Traders, Trendline Traders, Chart Pattern Traders, Supply and Demand Traders, Price Action Traders, Fibonacci Traders. What do you think? I would love to hear your comments and suggestions.
OANDA:XAUUSDLong
by Benettel