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Technical-analysis

GRTUSDT technical analysisHello everyone, lets quickly get into GRT analysis. it has been shaping two rounding bottoms for a long term, we have had a good run from bottom to major resistance ( black line ) on top ( which is about 80% up ) and it was kind of a cup and handle pattern. I believe as we reached on top of the black line resistance, we have now a lot higher to go. we are currently under 1.32 resistance which I believe will break soon, and after that my tps would be: TP1 : 1.52 TP2 : 1.75 TP3 : 2.21 TP4 : ATH Remember, its just an analysis use it in your own strategic ways. Good luck everyone and have profitable trades.
Long
by Algo_Analyst
1
XAGUSD, 4h analysis Hello everyone, this is my first idea which I'm sharing, its just my opinion and I'm not much of an expert here so don't rely on it much; less being said lets get into it. So I have pretty much labeled everything on chart, but to explain it more carefully I will write everything down. we have been in a long down trend which we broke out and price been rising since, by hitting the neckline resistance zone, we had this correction which can also be considered as pull back to breakout zone. as you can see there is a good support zone below the neckline which price showed reaction to and bounced off a little bit and stopped us from going further down. I believe the bigger uptrend is starting and we are about to see some rises in price in near future. if price continues to go up to retest the neckline, it will complete a heads and shoulders trend reversal pattern. with that being said, my tp zones will be : TP 1 : 23.45 TP 2 : 24.13 TP 3 : 24.58 Let me know what yall think in comment section below and good luck in your trades.
OANDA:XAGUSDLong
by Algo_Analyst
Realistic path to 100k BTC From a fundamental standpoint, typically when there is a negative correlation between funding rates and price action the price continues in it direction until funding resets. Currently on the most recent dip from 63k funding has been on a general uptrend. This suggests that we are likely to head lower before getting a significant bounce. Leverage needs to be flushed out and BTC needs to dip in order to grab liquidity and head much higher. Technically speaking, price action has been traveling in a tightening range forming a symmetrical wedge. Depending on how the support/resistance lines are drawn some may say price has already broken down; however recent price action has carried no volume nor significant volatility so this suggests a high probability of still being within the pattern. This wedge has targets of either 75k or 48k depending on the breakout direction. Symmetrical wedges are considered continuation patterns so the likelihood of breaking up is higher, but taking into account the high amounts of leverage and general lack of interest in the market currently, I believe a fakeout to the downside will occur before an upwards breakout. Based off of the Volume Per Volume Range (VPVR) significant support lies between 56k-58k and this is where we likely get a massive bounce. www.tradingview.com
BITSTAMP:BTCUSDShort
by coryc089
GBPJPY H8 - Short SteupGBPJPY H8 - Short Setup We bounced as much as 1.5R this morning, but as mentioned in the technical rundown, we are starting to lose bullish momentum. Each time we pull to support (seller control), buyers can't seem to bounce any higher. Typically signals a possible bear break in the pipeline, very similar to what we have marked on BTC. Our confirmation is a break and retest of support, confirmed seller break and market relief for short entries down to 153.
Short
by Trade_Simple_FX
USDCAD RSI DIVERGENCE + FALLING WEDGE REVERSAL - H4 *UPDATED*Please zoom out to see my chart fully. Highly likely reversal on USD/CAD. This is because we can see RSI oversold divergence on the H4 chart at a key level of daily support (the black line). Price makes a lower low to the key daily support line (the black line), whilst the RSI makes a higher high, a new swing high on the RSI when the price has in fact made a new swing low - DIVERGENCE. We also have a lovely double top pattern on the H4 chart at daily support (which is again the black line) that has failed to make a lower low. However before I enter this trade, I want to see a H4 candle close its body above the trend line to signify a trend line break. Then I will look for long (BUY( trades on intraday timeframes. DISCLAIMER: DO NOT TRADE THIS IDEA. IT IT NOT 100% GUARANTEED TO WIN AND YOU MAY LOSE MONEY. TRADING INVOLVES RISK.
Long
by markboateng91
2
USDCAD RSI DIVERGENCE + FALLING WEDGE REVERSAL - H4 Please zoom out to see my chart fully. Highly likely reversal on USD/CAD. This is because we can see RSI oversold divergence on the H4 chart at a key level of daily support (the black line). Price makes a lower low to the key daily support line (the black line), whilst the RSI makes a higher high, a new swing high on the RSI when the price has in fact made a new swing low - DIVERGENCE. We also have a lovely double top pattern on the H4 chart at daily support (which is again the black line) that has failed to make a lower low. However before I enter this trade, I want to see a H4 candle close its body above the trend line to signify a trend line break. Then I will look for long (BUY( trades on intraday timeframes.
Long
by markboateng91
$AAPL BULL TRAP?!We saw $AAPL consolidate around the $140 mark with some average volume and then run up this past Thursday to $143. But on Friday, we saw it pull back a bit from the initial run during the early opening hours. Volume: The run-up on Thursday was not supported by volume. This makes me believe it may be a bull trap and if I had to bet on it I could see $AAPL pull back this coming week. I still largely believe that $AAPL will pull back to the $135 support; the 200 EMA also coming in as support at that level. The SPX had the same run-up with below-average volume. Overall Sentiment: The markets have been choppy with traders unable to decide whether the Jobs Report was a good sign for the market or not. Obviously, with lower-than-predicted numbers, we would usually see this as a bad sign. But many are watching it to gauge when the Fed will begin its tapering. Let me know what you think.
NASDAQ:AAPLShort
by madbroke