Strap in and get ready for lift off. https://ibb.co/fCGXYpY
Price action within ascending triangle. Could be a great set up for the running of trendy RWA coins. This one is tiny and has a real project to back it up. Sub 100 mil marketcap could run a lot in the next few months. Let's see how price action will react to reaching the top of the formation.
Logarithmic chart. Looks like a clean Deviation Long setup. I've never seen a Deviation on the 1M before but this sure looks like it. Long deviations on BTC always provided mega pumps, don't know with altcoins + this TF but yeah: willing to take the risk. One of the best altcoin charts I've ever seen. Will sell BTC spot for this. --------------------------------------------------------------------------------------------------------------------- Direct CC below level I think is clean but I believe it doesn't have to happen per se. Retest is clean (SFP wick) and no LL after retest. Seeing how far price pushed above the level, closing into the structure, makes price less likely to get back to the level so there likely won't be chop on the level (price closing above and immediately closing below and vice versa). All this makes it the perfect deviation as in this way price respects the level perfectly (which I've seen before with BTC: Nov-Dec 2022 Deviation on 1W/1M, March 2023 Deviation on 4H and Jan 2024 Deviation on 4H).
AUD/CHF is currently trading at 0.5745, with a major resistance level at 0.5860 and support at 0.5670. Additionally, there is another resistance at 0.5790 and support at 0.5720. The pair has tested the 0.5830 resistance level twice and dropped but consistently reversed from the 0.5720 support. Currently, at 0.5745, we believe the price is likely to test the 0.5790 resistance again. If it breaks this level, the next target would be the 0.5830 resistance.
GOLD is moving in an UP trend channel. Greetings Traders this is my analysis for XAUUSD . From the last chart that had a solid growth we can see that the price is managing itself for a future Uptrend Movement. Traders make your own analysis before trading. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad!
It appears that GLM has entered a triangle formation at the point marked by the red arrow on the chart. Currently, it seems to be at the end of wave D. A buy position can be considered at the green zone during wave E. Closing a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
I'm entered to a new level of trading, i don't make dumb losses as much ads i used to do and the new challenge is just keeping this mindset. The only Problem that i have now is missing some trades and if i resolve that i can say i can be a slightly profitable trader that can pass prop firm challenge.
In this pase of ETh market im ready For Short ETH Pleas share your idea and Track my possision
USDJPY sell idea. Wait for level and reject sell entry at 150.250 , TP1 147.382 (288 pips) TP2 146.485 which is weekly support. My plan if we don't gap up is to buy to 150.250 and expect a rejection at that level. Method Higher time frame analysis , trend lines from weekly and daily levels and fibonacci levels. As always trade safe USDJPY can be a very volitive pair especially around 1 hour after Tokyo open. Important to wait for levels and best entry is a break and retest of the level. Don't over leverage nd let the trade come to you.
To project targets, I am using the following methods: Cup and Handle Pattern If we consider the price range of $709.02 - $338.24 as forming a cup and handle pattern, the price movement represents approximately a 52% increase. Projecting this on the upside sets a target of around $1078.79, which was achieved last week. A weekly close above $1122.44 will signal a potential next target at $1316.16, derived from the 2.61% Fibonacci extension applied to the range of $709.02 - $338.24. Fibonacci Extensions Using Fibonacci extensions on the same price range, the 2.61% target aligns with $1316.16 as the next significant resistance level. Key Levels: Support: The uptrend remains intact as long as $906 holds. Downside Risk: If $906 is breached, the next downside target is $709.02.