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Pennant

Bitcoin - No one talks about this trendline, last wave up! Bitcoin is appraoching an extremely strong resistance at around 30k. The chance of crash from this level is extremely high! We can see that the uptrend from 20k to almost 30k in March is steep and without any major corrections. From the Elliott Wave perspective I expect last fifth wave to the upside to complete an impulse wave. We can find a resistance at the major trendline that you can see on the chart, or you can call it a broadening wedge. If you open a short position slightly below 30k, then what is the profit target? 0.618 FIB and POC of the previous structure is at 23k. If you want to take profit earlier than 0.382 FIB at around 25k is the next option because it is also a strong horizontal resistance on the weekly chart. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If we take a look at the RSI indicator on the daily chart, we can be sure that after the final impulse wave the indicator will be oversold, so this is probably not the best time to buy/long at this point. In my opinion, a CRASH to 15k is probable later this year, maybe in September / October, so be prepared for it because this will be the best time for an investment position with a target of around 150k! I took a look at all major altcoins on major exchanges and I can tell you that 95% of them looks totally bearish on the highest timeframe, the bottom is definitely not in for them. This is my game plan for Bitcoin at this moment as I said I expect one last wave to the upside before a huge crash. I am not going to long or buy Bitcoin at this point after this pump because it's of course dangerous and we have a lot of unfilled GAPs below the current price. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
111
GOLD - Price can bounce of resistance line and fall to $1965Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 After price bounced from resistance area, it fell to $1920 and started trades inside in wedge. Inside wedge Gold broke $1885 and declined to $1820 level and tried to rise, but failed. Then price fell to support area and tried to rise again, but declined back. Later Gold made strong upward impulse to $2010 level, thereby breaking $1885 and $1955 levels. A not long time ago price started trading inside pennant and fell below support area, but at once back. Now Gold trades near resistance line and maybe price can bounce down from it to $1965 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
8
EURO - Price can bounce down of resistance line and start fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price bounced from $1.0775 level to $1.1030 level and then started to decline. When price declined, it broke $1.0775 support level and started moving inside a falling channel. Also, Euro tried to back up, but fell lower to $1.0530 level and later bounced up, thereby exiting from channel. A not long time ago price reached $1.0760 and made downward impulse below $1.0575 support level, but at once backed up. As well Euro started trading inside rising pennant and a few moments ago broke $1.0775 level. Possibly price can bounce of resistance line and then start to decline to $1.0665 level, thereby breaking support level and exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
12
To 1$ this time?Ftm looks so good in daily chart after consolidated a bullish flag pattern We can see the upper side of the flage is gather with 0.618 golden fib level in a point we called a confluence point Confluence point is a zone which many resistance gatherd in and it require a huge liquidity to break it We can see many trials to break this point in daily chart...we can see Ftm raise to 1 $ after breakout the upper side of the bullish flag Don't forget to support us with ur like, comment and follow for more ideas and updates🎯
by ceciliones
21
Safe-haven buying may push gold prices to new heightsDuring the Asian session on Monday (March 20), gold bottomed out and rebounded. It had previously fallen to around US 1,968.18 per ounce due to technical adjustment needs, and over the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank jointly took coordinated actions to enhance market liquidity. UBS agreed to acquire Credit Suisse, which once cooled risk aversion, but this optimism quickly subsided, and buying on dips helped gold prices reverse their decline, and they are currently trading near US 2,000/ounce. It is expected that gold prices will continue to be supported by safe-haven buying, and the market is also paying attention to the Fed's interest rate decision to be released this week. The market expects to raise interest rates by only 25 basis points. The wording is difficult to be hawkish. It may pave the way for the next meeting to suspend interest rate increases. The market expects the Fed to cut interest rates before July, which is also expected to provide opportunities for gold prices to rise further. Judging from the trend of gold, it is currently in a unilateral upward momentum. At present, the gold price has exceeded US 2,000/ounce, and the strong bulls have sufficient strength. In the absence of a greater weakening of the bulls, the short-term structure still maintains long expectations.If you change the bullish expectations of the bulls, it will require a greater reverse operation or obvious market news impact. Therefore, the short-term structure will still maintain the long-term expectations. Before there is a clear short signal, it is not easy to change the direction of the trend structure. In addition, the intraday chart shows that the weekly trend point is above the 5-day moving average of the daily cycle 1960. As long as it does not fall below the support of this point, don't think that gold can have room for a sharp decline.For the intraday market, gold did not continue the rise at the end of Friday at the opening of the market, but fell back and adjusted. The current lowest is near 1968. Since the decline is not strong, then in the short term, the 1968 line supports bullish, and can be adjusted upward appropriately. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
OANDA:XAUUSDLong
by Short-term-king
1
It is the right time we fly, BUY.It is very clear that the US Tech 100 has been found consolidating for a long window as part of the cooldown, the strong support window allowed for a reversal, and currently, it is trading perfectly such that it will take major support as quoted and take a move to R1 and R2 and then soon we can also expect a short covering rally, flying into 13000, it is good that we buy at 12,500 levels with a stop loss of 50 points, the bullish momentum has been calculated using machine learning and Artificial intelligence techniques with statistics as a base. Note: Trade at your own risk.
CAPITALCOM:US100Long
by Leokin3
2
DYDXUSDT is making triangleBINANCE:DYDXUSDT is making triangle, There is a high chance of breakout, and May market go up without retesting the level. Please be cautious, and take trades by Managing your R:R. NO FINANCIAL ADVICE– The Information on this website, Crypto Current, is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.
Long
by Wasifahmed
EURJPY getting hit hard as bearish pennant emergesTrade Idea: Selling EURJPY Reasoning: Evening star formation (combined) posted on weekly chart. Daily price action breaks below Ichimoku cloud. Intraday charts forming a bearish pennant. Entry Level: 141.085 Take Profit Level: 138.257 Stop Loss: 1.41780 Risk/Reward: 4:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Gold flags further upside!!Trade Idea: Buying XAUUSD (Gold) Reasoning: Bullish flag/pennant forming on hourly. Double bottom measured move target at 1915 Entry Level: 1879 Take Profit Level: 1913 Stop Loss: 1868 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAUUSDLong
by Signal_Centre