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Multitimeframeanalysis

SHIB: Doing some good movements!Hey guys, this is Julie 😄 Let’s talk about SHIBA INU today: SHIB is in an important region today, it has just reached the 21 EMA on the daily and weekly chart, which means that something good might happen soon. SHIB has been falling since October, but it seems to have only been a pullback to the support level, which coincides with the 21 EMA. On the hourly chart, we have an amazing bull trend, but I'm not sure we can trust it yet (unfortunately, I can't show the chart image). We've seen SHIB doing this before, as you can see in that pink circle: the price closed above the 21 EMA, but the next candle formed a bear engulfing, and the price fell again. So, because of that, I would wait to buy SHIB. It would be nice if it closes above this green line today, but I'd rather wait and see what will happen tomorrow. And that's it for today. Thanks for reading my analysis! Please, support me with your like and subscription! 😊 Have a nice day! 😉
by Juliehodler
JICPT|GBPUSD multiple timeframe trading idea! Hello everyone. GBPUSD started to got my attention on the weekly chart as it reached my long-term MA(red colour) and 50% fib retracement . So what's the trend on the weekly? Depending the period. Take a big picture, it's still in the bullish uptrend. On the daily chart, however, we can see the downtrend channel got well respected. So, waiting for signals. Don't jump in to long. On the 4H chart, I didn't see the trend reversal. As we know, trend started to change from small timeframes . My trading plan is as below: Bullish long setup: see signals on 4H and daily. Jump in for the pullback Bearish short setup: daily downtrend continues with weekly key level taken out firmly. The next solid layer is 500pts away. We follow the trend and seek entry opportunities afterwards. What do you think of my trade plan? Give me a like if you're with me. Thank you for your support.
by JICPT
USD/CAD Price Action AnalysisDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Weekly Analysis: In the previous few months price had been in a major down trend and there really has not been much rejection on this move downwards. There were a few pullbacks throughout this down move but, price had always shown who had more momentum, in this scenario the bears had more. You can see every time there was a pullback there was always a quick bearish move following closely after, this just confirms our theory of the bears being in control throughout that move. In the more recent few months, price has started to try and make a move to the upside with not too much success as of right now. Price had made a big bounce recently but has had a hard time breaking this 1.29100 area, but price is approaching this area again. We can see a big break of this zone and a big continuation move, but we would need to see more confirmation on lower time frames before thinking of taking a trade on this pair. Daily Analysis: On the Daily time frame, what I decided to do to make it a little easier to read is make the Daily zones marked in Red. This might help when trying to read the zone and trying to look further into the analysis. Even on the Daily timeframe you are able to see somewhat of a uptrend beginning to form, price is making higher highs and higher lows, except on December 7 where price had a big drop and closed below the most recent low. What leads me to believe that there is more momentum for the bulls and price might continue on after breaking this top zone is the fact that price had shot up instantly after this drop. Since that bounce we have had one test of the 1.29190 area which showed some rejection to the topside and left behind a big wick, but on December 17 price had a very convincing bullish engulfing candle. This shows that there is a lot of momentum for the bulls right now and price might try to make a break of this top weekly (black area). Hourly Analysis: On the Hourly time frame we can see price starting to break through this top zone after already breaking through the red daily zone. But, price is looking like it is having a hard time while trying to break it, it is already showing some weakness to the top side, but we can wait for a few more hours to show what price really wants to do and we can take a trade in the near future. As of right now, there is nothing to take and if we do take one right now, it will be really risky and might not make sense for some trading systems. I am going to wait for more confirmation and see what price wants to do if it decides to break this zone. Thanks Again, KeySlot
Long
by KeySlot
1
ETH/USDT : Is there any interest in Ethereum ?BINANCE:ETHUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! Last time we marked the supply zone at $4700 before any dive below $4000 and now it's right below the 4K's level. As we have the LTF chart into a range; We can do an aggressive long to the Monday's high before any new Monday's range formation. So that's Why I'm going to spot my invalidation below the current Demand zone as any candle close ( confirmation close ) and set the other Spot limit after the new Monday's range ! 📚 Now you may ask your self why am I using the last Monday's low as 2nd entry ?! Here's is the tip; After a new Monday's range; The last Monday's low would be stop hunted by a EQ candle's wick and we can use it a sharp falling knife catch and enter the short-term position. The validation will be hold by the new EQ low and we'll be remain valid till any candle close below the EQ low ! So, It seems that the predictions are well green for ETH on the LTF's charts... But on the HTF's charts, There are some kind of weakness signs ! Let me begin with the 3Days chart and then I'll zoom into more bullish chart with Daily time-frame's chart for further information; Follow me 👇🏼 📌 Broke below the 3D's ascending channel; The Fractal and Technical; Both are pointing the $2969 or $1724support levels as the main retest zones : Broke below the ascending channel and also take hold below the S/R line; In 1st view, #ETH looks very bearish and it's more likely to have another leg to the lower Demand located $2969. But before everything; We have to remind that #BTC have a Hourly FVG located at $53000 and the higher gap needs to be filled ! So it's very expected into the higher time-frames for #ETH to retest the broke dynamic support zone. 📚 Now the question is about the bearish targets; Why did I choose $2969 and $1724 as my main retest points ?! Do me a favor and draw a FIB retracement indicator from March.2020's low to the local highs that we have on #ETH's movement. If we change the scale from linear to logarithmic and do the same for FIB; We can see that #ETH didn't retest the %38.2 retracement level and it just pulled back from the lower demand zones ( located at %12.5 retracement level ) or the %25 FIB retracement's level ! Now you can find out the harmony between the fractal and the classic analyze which are making a rhythm together ! 📊 At the end have to mention that there can be a higher target after a retest on the mentioned targets and it could be $5900 as the levels matched well with the FIB's retracement levels. 📌 We talked enough about bears; Let's have some hope from the bulls side on the daily chart : Not much to talk; But the lower trendline and the S/R line ( located at $3676.28 ) can be our reversal point and lead the pair to the higher S/R line ( located at $4460.47 ) ! But any rejection below; Or any close below the S/R line will confirm the retest on the mentioned levels... 📑 I would like to inform that we might have the lower range zone because of the gap forming on the weekend on lower levels and it could be a repetition of our last week's range with a higher volatility at supports ! Which means that the pair could rally to the local highs; But market may not want to pay for the longs by heading north just now. Therefore, since the orderbook shows higher transactional volume on longs as opposed to shorts, it may head south first to liquidate the longs before we can expect any rally of a kind. -First liquidate the longs in between 40 to 45K range price per BTC (south) -Second liquidate the shorts (north) = to be confirmed. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
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