Midterm
Tezos Possible positive reversalTezos shows a double bottom, a strong double rejection of the $ 2 support resulting in a new peak higher than the last one, crossing the 200 EMA giving what looks like a possible confirmation of a reversal of the downtrend. In case of breaking the resistance of 3.1 USD expect a strong bull run.
BTCUSDT LONG#BTCUSDT Update:
$BTCcurrently trading at $37589
And $40680 is resistance.
BTC trendline touched as resistance, also trendline(red line) is BTC resistance...
So what now..?
BTC will be in a range between (38311_36081) If BTC could pass$ 38311 and 38680$ then we can see a pump in the chart again...
Support is $36081_34457
But If BTC breaks the $36081 support level then BTC entered in a bearish zone and My Target will be $32613.
Hope this will not happen.
My Levels:
Support:- $36081/$34457/$32613
Resistance:
38311 /$40680/$50000
RSI is ok ...
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BTCUSDT next seven days... #BTCUSDT :
$BTC still trading between the same range but... breakout is happened .
So next 7 days are golden time for bullish market.
We can see Big move in within 7 days.
So Not open any Futures call with high leverages.
Resistance : $34500_$36081
Support: $30000
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Next bullish is going to startBullish Abnormal Pin Bar Appeared in an Important Key level also it's a key low point and the volume confirms the movement too.
This could be the pullback after breaking Trend 1, but my opinion is that the new departure is beginning because of the volume and moving averages confirmation. A strong pullback to Trend 1 will approve my idea and the target will be $9.6.
If the price breaks the $9.7 level with a strong move, the next target will be around $11.4 - $11.8.
My trade details based:
- 1st entry: $8.24
- 2nd entry: $7.9
- SL: $7.22 (or if weekly support is broken by a string bearish candle)
1st target: $9.6
2nd target: $11.3
Indicators used:
- Abnormal Pin Bar
- Trend Key Points
Bitcoin will close to the week at $34500 - $35000 Bitcoin started the 9 Jul with an Abnormal Pin Bar . At the same time, that candle has returned from a strong key level and a trend 1 support. Also the volume approves of the return too.
I think the overall situation isn't very heartwarming, but it will go green for bitcoin this weekend. and It’s going to start next week in the $34500 - $35000 range.
Indicators used:
- Volume (20)
- Abnormal Pin Bar (2, 4.5, 2)
- Trend Key Points (10, 3, 1, 0, 2, right, 10)
EurNzd 2:1 RRRseems like a good place to go long
not a great RRR but ....
also: the short position and long position graphics tools(the ones with red and green colors) is just for making an idea; it is very likely that the price can deviate from that interval; adapting this "signal" to your risk parameters can be a good idea.
ETH/USDT Long/Midterm TradeOVERVIEW
Trade set up based on mid term support @2142.00 as well as a 2-month bearish trend breakout along with a Bullish Engulfing Pattern shown in 1D chart. Price just broke a midterm bearish trend with a short term bullish trend, and is trying to maintain with strong mid/long term indicator data.
Also, based on Fib Retracement, price is looking to confirm a 50% fib level from almost three weeks ago, but it comes stronger now from the support mentioned where demand spikes (<$2000). Once price gets confirmed at (0.50), the next level (0.618), which is historically bullish for long/mid term strategies, will be tested . As it holds up, the target is to find profit off this breakout confirmation and find an overall bullish momentum in the crypto market.
Profit targets were set up based on the Long Position tool upon the already marked support and resistance prices. Entry Level must be from a lower price range to gain short term RSI strength to then proceed to the first target just discussed and so on. The four profit targets shall go to 25% while max downside is 12% approximately.
Entry Price (Buy Zone): <$2142.62
Target Prices: (1) $ 2278.84 (2) $ 2411.99 (3) $ 2602.10 (4) $ 2839.97
Stop loss: $1825.20
Indicators
RSI
1W A bearish trend coming from top is trying to reverse at strong support in the 50s level.
1D Trying to get back to the upper 50s level, which has been mostly strong and consistent during the past year.
4H Wavering around 50s for a week now, probably looking for a short-term dip before pumping up.
MA CROSS (50,100)
1W Being through a bullish trend since July 2020 and have no signs of a pullback
1D Just entered a bearish cross two days ago after rallying for 7 months on a bullish cross
4H Entered a bullish cross after almost three weeks of bearish cross.
BINANCE:ETHUSDT ADX/DMI (+/-)
1W Showing positive trend over 38 and above both DMIs. Also, DMI + a bit above DMI -.
1D Showing strong positive trend at 29 and above both DMIs. DMI + coming back strong from lows and crossed DMI - recently.
4H Uncertain as ADX and DMIs are colliding but ADX at trend level (>20) as well as DMI- which just crossed DMI+ but too narrow.
DXY UPDATEDXY finds itself on a weekly trendline that acted as resistance previously and now the price had its first reaction to it. Only time will tell if it will manage to send the price back down or not. A weekly close above the 93.012 can act as good indication that the Dollar can go higher, at least to 94.50 and maybe even higher. And a weekly close below the 91.81, can act as a good indication that it will test previous levels, like to the trendline acting as support, or maybe even lower than that. Either way, there will be a nice opportunity to take advantage. Patiently waiting.
Bullish Analysis on EUR/JPYGood morning, traders! Today we will analyze the situation in EUR/JPY since many of you may be interested, mainly in the momentum/trend traders.
🔸The price has been in a solid upward movement for more than a year. We can draw a bullish channel by joining the ascending highs and lows, and we see that recently the lower trend line was tested. There was an attempted break, but the price could not consolidate below and instead generated a strong rejection and a subsequent bullish momentum.
🔸Throughout June, there was an extensive corrective process with no clear direction. A clear reversal of the trend.
🔸We consider that this instance is about to end, and if a bullish break is generated, there are high chances that we will see a movement towards the Weekly Resistance zone.
🔸The Weekly target we are looking for is the supply zone that led to the previous downtrend in this pair. At the moment it was touched, it was a level that generated a bearish movement that lasted almost two years. That is why we consider that if having or opening bullish positions in this pair, it is a good place to close the trades or minimally reduce the risk or take some profit.
Bitcoin possible scenarios for the mid termDescription and reason are mentioned in the chart.
This explanation has been made by looking at the past and technical analysis.
The probability of a downtrend is stronger.
But the possibility of an uptrend has also been drawn because the fundamentals have already affected the price.
Crucial wedge on BTC/USDTThis wedge could prove instrumental to the mid-term future of Bitcoin.
A break upwards could result in a recovery of bitcoin, and potentially a market we haven't seen before, where bitcoin is close to it's ATH (within a factor of 2) without crashing, or surging. If the price breaks through the lower trendline, it could cause a continuation of the crash, resulting in a 1-2 year bear market similar to 2018-2019.