BTC/USDT 4hInterval Chart ReviewHello everyone, I invite you to a quick review of BTC to USDT pair, taking into account the four-hour interval. As we can see, currently the price has bounced off the downtrend line and we can observe a rebound.
Moving on, we will move on to marking support areas when the price starts to go down again. And here, using the trend based fib extension grid, we can see significant support at the level of $68607, then the level of $67672 is important, and then again a strong support point at the level of 66474.
Looking the other way, we can similarly determine the resistance points and here we can see the first resistance at level of $70,536, further visible at $71,844 and then strong resistance around $74,000.
It is worth mentioning that the RSI indicator approached the place where we could previously observe a price rebound, while the STOCH indicator approached the lower limit, which also resulted in a quick rebound from the trend line.
Support
If bonk validates the channel breakout here target = .00003736The previous daily candle closed with he top trendline of the channel as support and now the current candle is seeing a bullish impulse suggesting the tp trendline has been flipped to solidified support and that it could already potentially be validating the breakout. I’ve seen bigger fakeouts than this before so I’m not ready to say the breakout is confirmed jsut yet but so far probability is favoring it. *not financial advice*
ULTI on the Rise: Will It Break Through This Key Resistance?Trend Analysis
1. Current Price Movement: The price is currently trading at 0.06687 USDT.
2. Support and Resistance:
Immediate Resistance: 0.06956 USDT (Highlighted in the red shaded area).
Next Resistance Level: 0.07518 USDT.
Immediate Support: 0.06457 USDT.
Next Support Level: 0.05735 USDT.
Indicators
1. Stochastic RSI:
The Stochastic RSI is in the overbought territory with %K at 98.97 and %D at 90.76. This suggests that the price might face a short-term correction or consolidation.
2. Cumulative Volume Delta (CVD):
The CVD is showing a positive value (35.393M), indicating buying pressure and accumulation at the current price levels.
Price Projections
1. Potential Pullback: The price might pull back to the lower part of the ascending channel or to the next support level at 0.05735 USDT.
2. Bullish Scenario: If the price breaks above the immediate resistance of 0.06956 USDT, it could aim for the next resistance at 0.07518 USDT or even higher towards 0.08054 USDT.
Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars.
Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future.
Levels to watch: $130, $100
Keep your long term vision,
Philip - BasicTrading
BTC/USDT 4HInterval Chart Hello everyone, I invite you to a quick review of the BTC chart. As we can see on the chart, we are locally moving against very strong resistance.
After unfolding the fib retracement mesh, we can see support at the level of $69,701, the second support is at the level of $68,415, and then we have a very strong support at the level of $66,305.
Looking the other way, you can similarly identify resistance points. And here we will start by identifying a very strong resistance zone in which the price is currently moving from $70,781 to $72,001, only when we manage to break out, we will be able to see a move towards $75,450.
Intel - Reversing to the upside!Hello Traders and Investors, today I will take a look at Intel .
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Explanation of my video analysis:
On the chart of Intel there are actually two major horizontal structure levels which you have to keep an eye on. First of all there is quite strong support at the $26 level and just a couple of months ago Intel rejected this support towards the upside. Vice versa there is resistance at the $44 level, always pushing price lower. As we are speaking Intel is also retesting a minor support so there is the chance to capitalize on a short term bounce.
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Keep your long term vision,
Philip (BasicTrading)
Good results for B&MThe market seems to have recieved B&M's results positively. The fall in reported profit was expected.
Technically this week could provide a launching pad for it to break to the upside from its weekly 50 ema.
This is not a recommendation. Trade your own plan and make decisions based on your own research.
DOT/USDTHello everyone, welcome to a quick review of the DOT chart. As we can see on the chart, we are locally moving along a downward trend line. After unfolding the fib retracement grid, you can see the price staying above the strong support level at $7.04, then the support level at $6.73, and then the strong support level at $6.44. Looking the other way, you can similarly identify resistance points. And here we can see the resistance at the level of $7.17, the next important place is $7.40, after which we will be able to see an upward movement towards the resistance at the price of $7.77.
WLD/USDT ABOUT TO BREAKOUT! Ready For A Big Pump!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
WLD looks good here. Forming an ascending triangle like structure and currently, trading inside. Accumulate in the green zone. Once it breaks out it will pump big.
Entry zone:- CMP and add more up to $4.2
Targets:- $5.36/$6.44/$9.24/$12.2
SL:- Daily close below $4
Let's Discuss!
What are your thoughts on WLD's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
AUD-CAD Risky Long From Support! Buy!
Hello,Traders!
AUD-CAD has retested
The local horizontal
Support level of 0.9050
From where we are already
Seeing a bullish rebound
So I think that we will see
A further move up
Buy!
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Check out other forecasts below too!
W is about to moon :#W #Analysis
Description
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+ The price is showing a strong rebound from a major support level.
+ Recently, it successfully broke through the resistance line, indicating a potential upward trend.
+ Based on this momentum, I anticipate that the trend will hold steady and reach our projected targets.
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VectorAlgo Trade Details
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Entry Price: 0.648
Stop Loss: 0.498
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Target 1: 0.752
Target 2: 0.873
Target 3: 1.023
Target 4: 1.257
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Timeframe: 12H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
BNB/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the 4H BNB to USDT chart as we can see that we are getting close to trying to break out of the triangle.
Let's start by setting goals for the near future that we can include:
T1 = $600
T2 = $608.50
T3 = $614.50
T4 = $621
AND
T5 = $643.50
Now let's move on to the stop-loss in case of further market declines:
SL1 = $595
SL2 = $583
SL3 = $573.50
AND
SL4 = $563
When we look at the EMA Cross 50 and 200 indicator, we will see the yellow ema cross 50 line staying above the blue ema cross 200 line, which confirms that the uptrend is continuing.
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving in the lower part of the channel marked with white lines.
Let's start by determining support and here, first of all, you can see a strong support zone from $67,238 to $66,289, while further support is visible at a level close to $65,000.
Now let's move on to determining the resistance points. And here we see resistance at the level of $68,240, then we have a second resistance at $69,299, and then the resistance zone from $70,041 to $70,959 is important, only when the price positively tests it will we be able to see new increases.
Looking at the EMA Cross 50 and 200 indicator, they indicate the continuation of the local downward trend.
The RSI indicator, which remains near the middle of the range, has room for movement in both directions, while the STOCH indicator remains in the upper part, which may again translate into a recovery movement.
ETH fighting against strong resistanceHello everyone, let's take a look at the ETH to USDT chart on a one-day time frame. As you can see, the price is currently bouncing off the downtrend line.
Let's start by determining the support line and as you can see, the first support in the near future is $3,530, then you can see support at $3,250, and then we have a strong support zone from $3,046 to $2,796
Now let's move on to determining the resistance points. And here we must start by identifying a very strong resistance zone from $3,821 to $4,110, only when we manage to break out and positively test this zone, we can see a move towards the resistance at $4,917.
Looking at the EMA Cross 50 and 200 indicator, they still indicate that the strong upward trend is maintained.
There is still room for growth on the RSI indicator, while the STOCH indicator shows a move towards the upper limit, so you should be careful and take into account a possible recovery.