Lingrid | EURUSD potential LONG from SUPPORT levelThe price perfectly fulfilled my last idea. It hit the target level. FX:EURUSD has broken through the previous week's low, creating an impulsive leg down but later it quickly rolled back and closed above it. On the 4H timeframe, we're seeing a divergence at support level. The price has fallen below range zone and may retest the middle of that zone and even move higher. I believe the market could pull back from the pschological level at 1.08000, especially if upcoming news is favorable. I anticipate that the price to move higher since we have long-tailed bar at support that showed a fake breakout. My goal is to resistance zone at 1.08900
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ELFUSDT(aelf) Daily tf Range Updated till 03-08-24ELFUSDT(aelf) Daily timeframe range. another alt on Monitoring state at binance so gotta trade it carefully. its trapped between 0.3762-0.4634 for a while now. staying above 0.3762 will eventually give a chance to try again at 0.4634. need retail interest there.
Alikze »» XAUUSD| Completion of leg 3 or C...?🔍 Technical analysis: Completion of leg 3 or C
- According to the analysis presented in the recent posts here and here , after the completion of the wave B, a rising leg C or 3 was formed, which has so far returned more than 1.618 of the previous wave in the supply zone.
- Considering that a bearish candle is formed in the 4H time frame, any upward correction can be to collect liquidity for a short-term correction.
- Therefore, I expect the correction to extend at least to the compression area of 100 fibo of the previous wave and touch the next level or the next node in case of selling pressure.
💎 In addition, if confirmed, this ascending cycle can be the format of its movement, which can form the next ascending leg, which will be updated if the behavior and structure of the post changes.
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OANDA:XAUUSD
Lingrid | GOLD ready to TEST the PSYCHOLOGICAL level of 2500 ?The market moved higher following the news release. Yesterday's daily candlestick was a doji, and I believe the market is poised to break through it to retest the previous resistance at the all-time high level. Since the market hasn't yet tested the psychological level at 2500, there's a possibility it might do so today. The price action shows bullish momentum, and it recently broke and closed above the 2450 level. I anticipate that the market may create a range around the resistance zone at 2480 or even form some pullback from it. However, if the upcoming news favors gold, the market may surpass the previous month's high and move higher level. My target is the resistance zone at 2495.
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Lingrid | CHFJPY short from KEY RESISTANCE zoneFX:CHFJPY is currently in a significant bearish trend, fluctuating just above the psychological level of 170.000. I believe that if the price fails to break through the resistance at 173.000 and the upper border of the downward channel, there is high chance the price continue to moing downwards after taking liquidity above the previous day's high. I am anticipating that the price to pull back to the support level from the resistance zone, as it has respected this resistance in the past by rebounding from it. My goal is to support level at 169.580
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Lingrid | TONUSDT continues to MOVE sideways Since the last post, not much has changed; OKX:TONUSDT continues to move sideways at the key support level. As you can observe, the market is testing the channel border, and the price has bounced off this area twice before. We saw a similar situation in May, when the market remained in a consolidation zone for a couple of weeks before making a strong surge. I believe the market may form a long-tailed bar, indicating a spike down that could serve as a fake breakout, followed by a bullish move toward resistance. My goal is resistance zone at 7.350
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AMBUSDT(AirDAO) Daily tf Range Updated till 02-08-24AMBUSDT(AirDAO) Daily timeframe range. its on Monitoring state at binance so gotta trade it carefully. now it retraced quite a space from its new low. trying to stay over 0.00926 but still need a valid close for that. local support point at 0.00714.
Alikze »»TIA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- It is moving in a downward channel in the daily and 4H time frames.
- It is located in the middle of the channel and within the liquidity zone. If it can be placed above the region and the middle of the channel, it can retest the ceiling of the supply range channel.
- The most important resistance for an upward trend is the $12.5 range.
- By breaking the $12.5 range, it can have an upward trend. Otherwise, the downward trend will continue.
💎 Alternative scenario: If selling pressure is encountered in the current range and the middle of the channel, the first downward target will be the bottom range of the channel and then the target of 6.25.
💎 In addition, if this channel is broken, it can touch the green box area as much as the width of the channel.
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Alikze »» ID | Multiple combined correction form💎 In the daily and weekly time, after a complete 5-wave upward cycle, it faced supply in the area of 1.84 and a corrective form took place.
💎 According to the current correctional structure, a combined multiple correction is underway, which can continue until the specified areas.
💎 Therefore, as long as it is below the price of 0.79, it can go through the specified correction process.
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Lingrid | GOLD pullback and trend CONTINUATION OpportunityThe price perfectly fulfilled my last idea. The July monthly candle closed very bullish, closing above June's high but failing to close above high of May. Nonetheless, this bullish close suggests that OANDA:XAUUSD may target the 2500 level. Currently, the market appears to be pulling back following a strong bullish rally. The support zone between 2400 and 2415 looks like a potential area to consider long positions, if the price shows bullish signal. I anticipate a retest of the resistance zone from this support level, as we are observing a typical breakout-pullback-continuation scenario. However, there remains the possibility that following any news release, the price might dip lower. Overall, I'm optimistic about the potential for a bullish scenario, provided the support holds and confirms with bullish signals. My target is resistance zone at 2460.
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EURUSD → Trade Analysis | SELL SetupEURUSD is moving in a descending channel under the trend lines.
The price has fallen under the dynamic support, which now acts as resistance.
We expect the decline to continue after testing the lower boundary of the channel.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Lingrid | AUDUSD long from PSYCHOLOGICAL Support LEVEL FX:AUDUSD has moved down to the psychological support level of 0.65000 after breaking below last week's low. At this critical support level, a bullish divergence has occured, coinciding with the lower boundary of the downward channel. As the market approached this significant support level, its descent started to slow, indicating the importance of this area. I believe the market may rebound, as the price has taken liquidity below this round number, suggesting a potential pullback towards resistance. Furthermore, the long-tailed bar on the daily timeframe indicates a false breakout, reinforcing my expectation of an upward movement. My goal is to resistance zone at 0.65980
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Lingrid | ETHUSDT continues to CONSOLIDATE on the DAILYDespite the overall bullish trend observed in the daily timeframes, BINANCE:ETHUSDT continues to move sideways within the range of 2850 to 4000. On the weekly timeframe, we are witnessing a tweezer top setup, which indicates a potential pullback. I anticipate that the market to move toward the bottom of the consolidation zone, forming a two-legged pullback. Each time the price nears the psychological level of 3000, it has consistently taken liquidity below that level before moving upward. Given this setup, I expect the price to retest the round number and then bounce off. My target is the resistance zone at 3350.00
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Lingrid | GOLD Weekly Market OUTLOOKThis past week showed significant volatility, with OANDA:XAUUSD experiencing a sharp decline before recovering by the week's end. The weekly chart shows this movement, featuring a doji candle; the candle's shadows above and below emphasize this volatility, while the small body reflects a lack of directional movement. Notably, the market closed at the level of the June high, signaling that this price level remains important for the market.
On the daily timeframe, we see that the price rebounded from the 2350-2360 range, an area where the price has historically found support. Additionally, this rebound coincided with the 61.8% Fibonacci retracement level, which further reinforces the significance of this price zone. From a weekly perspective, the market appears to be in a consolidation phase, with the week's high and low serving as critical indicators for future price movements. If the price breaks and closes above the PWH, we could anticipate a potential rise toward the 2500 level. Conversely, if the price breaks and closes below the PWL, a retest of the bottom of the consolidation zone could be expected.
Looking ahead, next week is set to be highly volatile, influenced by important economic events such as announcements from the Federal Reserve, Bank of England, and Bank of Japan. These developments are likely to have a substantial impact on market sentiment and direction.
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IRISUSDT(IRISnet) Daily tf Range Updated till 01-08-24IRISUSDT(IRISnet) Daily timeframe range. 0.01593 trying to defend itself but if it stick with low volume it wont last. it tried to break 0.02013 several times but again for low volume and more sellers it failed. PA may stable later after market stables.
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the dip on TSLA:
nor sold this regional top:
Now analyzing the options chain and the chart patterns of TSLA Tesla prior to the earnings report this week,
I would consider purchasing the 235usd strike price Puts with
an expiration date of 2024-12-20,
for a premium of approximately $29.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ENPH Enphase Energy Options Ahead of EarningsIf you haven`t sold ENPH after the Double Dop:
Now analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week,
I would consider purchasing the 115usd strike price Calls with
an expiration date of 2024-7-26,
for a premium of approximately $3.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Alikze »» XAUUSD| Wave 3 or C bullish scenario🔍 Technical analysis: Wave 3 or C bullish scenario
- According to the analysis presented in the previous post , in the 1H time frame, a growth has been encountered after creating demand at the bottom of the descending channel.
- At present, according to the momentum and movement after the failure of the supply zone and pullback to the broken structure, the demand has been met again, and this growth can continue in the golden zone of the previous wave up to the specified areas.
- Therefore, the reversal structure in the form of wave C can continue until at least 0.78 of the previous wave of the 2420 range.
💎 In addition, if the green box is broken, the corrective view can continue until the origin of the upward movement.
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OANDA:XAUUSD
Lingrid | GOLD testing PREVIOUS week HIGHThe price perfectly fulfilled my last idea. It hit the target level. OANDA:XAUUSD is currently testing the previous week's high (PWH), where we witnessed a sharp move downward previously. Given the high-impact news scheduled for today, there is a possibility that the market may pull back after testing the PWH. I think that the market could retest the psychological level at 2400 before potentially moving higher. The price action created a small box, indicates that the market is anticipating the upcoming news. Therefore it's essential to exercise caution. Overall, I expect a potential pullback followed by a continuation of the current bullish trend, depending on how the market reacts to the news today. My goal is resistance zone at 2443
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Lingrid | USDJPY strong BEARISH momentumThe price perfectly fulfilled my last idea. It hit the target level. FX:USDJPY has dropped from the resistance level, creating a significant impulse leg following the recent news. Currently, the market is pulling back from the channel border and the support level at 150.00. This pullback presents a trend continuation opportunity, where we can look for a short position after the price retraces. Given that the overall market is in a bearish trend, I anticipate further downward movement after the price tests the resistance. If the market does retest the swap zone, we could see a continuation of the bearish momentum. My goal is support level at 149.200
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Lingrid | XRPUSDT breakout of the COMPRESSION channelThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:XRPUSDT has made higher highs, indicating a bullish trend. Recently, the price formed a triangle pattern—typically a trend continuation pattern—and has broken and closed above it, suggesting a potential upward movement. On the weekly timeframe, the market also broke above the high of the last two weeks. I believe that further bullish momentum is likely, especially since the market has recently bounced off the support level at 0.6000. My target is resistance at 0.7000
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DCRUSDT(Decred) Daily tf Range Updated till 31-07-24DCRUSDT(Decred) Daily timeframe range. we can see some accumulation here. but its on a critical level, going below 11.81 push it into a more risky zone. it would be good if it can be defended here. depends on how money flows in the market. local resistance at 14.46.
Lingrid | DOGEUSDT trend CONTINUATION opportunityBINANCE:DOGEUSDT has formed a triangle pattern, which often acts as a continuation setup in trending markets. The recent test of resistance at 0.14500 followed by a pullback to the support level suggests some consolidation in the market. On the weekly timeframe, the price has bounced off the demand zone, indicating strong buying interest and a potential reversal from lower levels. The series of higher highs and higher closes shows the bullish sentiment and suggests that the bullish trend is intact. If the price bounces off the support zone and the upward trendline, it may provide a solid entry point for a bullish move. A breakout of the triangle formation would further confirm this bullish outlook. My goal is resistance at 0.14400
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