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Has Cardano started a new leg higher?Happy Monday, TradingView community. After a flat weekend, buyers have defiantly hit the new week with a lot more energy. After a hesitant start, buyers came back into the crypto markets during today’s Asian session. Today’s European session comes online. We’re still seeing strong interest, with many of the top 10 continuing to hit solid gains. Our focus today is on Cardano. Has today’s rally started to confirm a new leg high? What has our interest is the pattern before today’s action. We can see a clear LL that failed to hold and a new HL in May. We did see one attempt by buyers fail after they tested .6850. After consolidation, today’s move is a breakout with support at .5460 and minor resistance at .6040. We want to see price close above resistance today. Looking forward, we want to see how buyers handle their latest move back into the last supply area. A break above or firm close, close to .68 would be a good sign buyers are in control of momentum. A close below 0.600 would worry, in our opinion. Thanks for stopping by, and good trading.
EIGHTCAP:ADAUSDLong
by Eightcap
Cryptos looking better...Trading plan and review of Key LevelsShare markets managed to find some buyers to hold up off the lows as the US was largely range bound for the session. Buyers were happy to soak up the selling pressure from a weak open and fend off another selloff. The USD ran lower as safe havens moved down which lifted Gold. Major US indexes look set to bounce again into the weekend on more bargain hunting. The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....continuing to be careful into shares as prices could continue lower. BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to commit to a rally. The price action from the US session is more positive and I expect more buyers to start to dip their toes in the water. Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities - GOLD , Oil and Copper Crypto - Bitcoin and Ethereum
COINBASE:ETHUSD
by TradeTheStructure
Bitcoin - We still need more indications to see the aftermath.Hey guys. Its been a little while since I posted last time. Bitcoin just seemed to show us its drama as usual and unfortunately we are in a hard position to speculate the most probable outcome at this point. But it seems its in a short term bearish trend and needs more indicators to be considered patiently. Therefore I will try to list the outcomes that have a big possibility by the following days and weeks by which I will be updating on the issue when we get more indications. - By this as I have already tried to point it out it seems short term bearish scenario is more handful at this moment backed by some fundamental indicators from the US government interest rate news. Looking at the chart we are in a point that Bitcoin is trying to escape a bearish downtrend breakout which is a critical point to whether it is going to breakout for a further downward correctional movement or not. After looking out the outcome from the daily candle at this point we will have a more clearer sight to predict where it might go in the coming days and weeks. As many traders and analysists are saying there is a probability of going downward to 33,XXX or even 28,XXX area if things are going to keep like these espicially in the US stocks and other major economical agents around the world. I will be giving updates after we see what happen to the close of the following candlestick. For now the scenario's can be taken as : 1. Refusal of a bearish breakout and going to test the 36,XXX - 38,XXX area. 2. Breaking out of the bearish side for a further correction towards the area of 33,XXX and 28,XXX respectively. Stay Tuned For Live Updates. @abanefsobulls
by cryptotalk_et
3
The Last Stand for Bitcoin📆🟡 BTC/USDT (BITCOIN) 📊 Time Frame: 4H ➖➖➖➖➖➖➖➖➖➖➖➖ Bitcoin is trying to hold the last local support at 3000$ and I think finally it will be break. Bitcoin needs to hold above 34000$ then we can see a movement to 39000$ (IN ORDER TO GATHERING LIQUIDITY).Lots of longs liquidated below 33000$ and many Stop Loss already hit. Now there are many sorters in the market and liquidity is around 35000$ and also CME gap is at 35000$. So I expect price to pump around 35K$ in next few days. Not even single good news affect on bitcoin price positively because of global tension in the market.
COINBASE:BTCUSDShort
by Trader_Needs
Can we expect more inflation? A look US Consumer Price Index.We are living in very uncertain times. I wanted to provide a couple of view in order to understand the current market situation better and determine a strategy going forward. So I have created a US consumer price indes YOY% chart. We have not seen such high interest rates since the 1970s when demographics created a demand shock and oil embargos and Iran crisis created a demand shock leading to high inflation. Today, respectively as a result from 2 years of Covid-19 (measures) and now a war we have seen tremendous supply shock. Now can we expect the peak of the inflation fear has passed? Will we see a slow growth and a declining inflation? Stay tuned for more charts.... -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
ECONOMICS:USCPIShort
by CarpeMomentum
Fil 2 week OutlookHello traders, Here is a chart on FIl, Possibly one you have yet to see with such old price action. Yet, this as all the rest of the charts become very clear once you zoom out. Green lines below are supports and areas of interest for buying opportunities. I have changed the support below to pink that we do not want to see the price cross below. Red ray lines above are resistance and the white lines are targets for price action if the price breaks above the white trend lines holding the price action currently. Savvy
COINBASE:FILUSD
by Savvythe1
1
What Is Next for GOLD: Could We See It Rallying Again ? 📈1- Market Overview: As it is clear from the screenshot above the market is moving upward where the price managed to break a series of highs month after month. The rally started in December 2021 and then a huge drop was left on March 22nd to the 1900 USD mark. From this zone, Gold failed to break the previous high around the 2000 USD mark and posted a lower high showing weakness from the buyer’s side. 2- Long Scenario: The long scenario is our most likely scenario for this analysis since the market is traded to the upside, the odds of a long trading idea is much more likely to occur. The market as we can see is respecting the bullish trendline and it’s held by the buyers around the 1915 USD support zone. So, what most probably will occur is a move to the upside to test the previous high near the 2000 USD mark and then if the buyers are strong enough, we could see GOLD reaching the previous swing high around the 2071 USD level. However, we must highlight that the price posted a lower high after reaching the 2071 USD mark, which is an indication that the sellers might take control of the market in the coming days. Let’s move to discuss the short scenario where the reversal might occur, and we could see a huge drop in price of GOLD. 3- Short Scenario: The least likely scenario for this analysis is to see the GOLD reversing and move lower. As we mentioned in the previous paragraph, the yellow commodity posted a lower high which is a weak indication for the buyers. But this doesn’t mean that the market will reverse anytime soon before seeing a certain price action that we are going to discuss now. To see this particular reversal and a move to the downside, we should wait until the market breaks the support level around the 1915 USD mark and close below it. As well, another breakout we wanted to see is a breach of the bullish trendline to the downside. If these two movements occur this will lead to a huge move of the GOLD to the downside all the way to the 1800 USD mark. Financial Disclaimer: Please do you own research before investing/trading any asset. This article is for educational purpose. It might help you to have a different view of the market and learn from the way an expert see the market. But at the end you should know which trading ideas fit your personal analysis. Have a happy trading day. 🙂
OANDA:XAUUSD
by CollegeofPips
SPX TA says the market is going to go upThe weekly TA action of spx says the market is going to go up, note the following: 1. T1 area was a test to answer the question, "Should we take the market to 100wk MA?", this was a 4 week test, the answer was NO. 2. Once T1 was answered, the market went to T2 quickly, to answer the questions, "Should we take the market above the 20wk and 50wk MA or should we dump the stock and then dive to the 100wk MA?" 3. Step 2 above hasn't been answered yet, however the trading action, seen on the daily chart along with volume (the daily chart isn't shown), looks real good in the sense that the trading action has been between the 100d, 50d and 20d MA's, i.e. all these MA's are currently acting as strong support........in the manner that one would think a strong MA support should act like. Given the above, I would say that the market will move up, for spx the next test will be if 4818.62 will be broken to the upside. If 4818.62 is broken we will go up viciously regardless of the crumbling fundamentals of the market, at least to the next market test point. If 4818.62 isn't broken, then the market will dive (likely within 1 week) to test out the 100wk MA to see if it holds.
SP:SPXLong
by trader999999
Range setup for 6th April, Things to know before Opening BellMarket Opening: Flat Negative/Partial Gap down; Overall Structure: Uprange; Market may take a breath Sentiments: Neutral (47%); Market Mood(FGI): 81% Extreme Greed, likely to be turned down; PCR: 0.92 Neutral, IVP:46%; (indecisive) Target: 18150, 18250, 18450, 18600; Stoploss: 17800, 17700, 17600, 17450; Decision: Sell Below 17850 OR Buy Above 18150 at openings. Observed Tripple Top, whereas Holding for a Breakdown at 17900. Probability of pullback to retest at 17600-500. --- *P.S: Identify the B/S zone, Follow the trend direction, Trade after trend confirmation. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge purposes only & is subjected to market risk.
NSE:NIFTYShort
by ceogbs89
USD/CAD: Ascending triangle U.S. Dollar/Canadian Dollar forming an ascending triangle in formation that we need to hope an entry to long position in USD/CAD. This trade have a projection to find up 87 pips. Meanwhile, it's required to hope the economical news in U.S. Dollar and Canadian Dollar and what will be happen for tomorrow combining with this technical analysis. This it's the H4 timeframe panoramic and what Il look because we could to go back to the upside to find up the resistance key at $1.2600 CAD approximately what in the past weeks we forming a consolidation in that zone. We're in the important reaction that we would to be cautious to trade this par becuase we have chance to going to the upside. As also, we have 2 potential target to reach in this Daily fibonacci at 0.382% and 0.618%. But we hope this trade to long position following my perspective I will update this par until break out the $1.2530 CAD, I will put my alarm on this zone.
Long
by harisonhbn9718