Not a positive sentiment and also technically not looking good Bearish bias remains dominant : Potential retracement to 6310 - 6400 before further decline Downside targets: 6000 - 5900 (key support level) If 5900 is broken, a further drop to 5600 - 5500 is possible I hope im wrong :( lately there have been a lot of buyback news in conglomerate and bluechip stocks (bbca,Adaro group and Barito group). But in reality it still hasnt been able to counter foreign movements So, its best to wait and see for now
At the 2 white circles we see almost a identical pattern. Now we're looking if RSR really is bottomed out at the 4h chart or not. If yes, you know what to do.. If not.. then short it! We need to keep seeing higher lows and higher highs on this chart to go up again after this significant drop. But we also need to watch what Bitcoin is doing these days. Orange move = lost move, don't watch. Green move = Long at retest AFTER the breakout. (Recistance at the grey lines) Red move = Short at retest AFTER the loss of the yellow trendline.
Hey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 85.800 zone, NZDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 85.800 support and resistance area. Trade safe, Joe.
I really like the look of this chart. A perfectly rounded bottom and now a pull back to the 200 week moving average and the golden pocket. We’ve closed above this level at $12.46. I’m expecting a bounce next week. Keeping an eye on this and will open a long if the futures look positive on Monday. This is a small market cap in the digital advertising space, growing extremely well with good cash to debt ratio and solid growth. It’s had a sizeable pullback and has been on my watchlist for a potential buy. Not financial advice, do what’s best for you.
If we get two 4hr closes above the key resistance line, then good probability of a move higher. Three potential targets and suggested stop loss.
• CMP: ₹800| Stop Loss: ₹750| Target:*900 | ₹1000 DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only.
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 3035 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 3035 support and resistance area. Trade safe, Joe.
I don't care if you are a bull that believes this is the beginning of price recovery or a bear that believes that this is just a slight retracement to gear up for the major downtrend. I am here to show you different possible scenarios during my Elliot Waves learning process. In the main image of this post, you can see that bulls have completed a 5 impulse Wave 1 and have now completed a ABC flat correction Wave 2. If I'm correct, we are now in the beginning of Wave 3 with a price target 581-587. Now lets take a closer look to where we are: https://www.tradingview.com/x/UC9xZt61/ - From the 5 Impulse waves that make W3, we are now in Wave 1 which also has 5 impulses and $570 for its target. https://www.tradingview.com/x/MWiGKQYf/ - Zooming in closer, you can see that we have just completed the first wave and are now making the second wave with a price target between 561.92(full length of wave A) and 559 (23% Fib LVL). https://www.tradingview.com/x/p7SlkcLD/ - After this correction wave is completed, I expect us to have a strong momentum towards W3 price target at 566, a quick and sharp correction for W4, and a last impulse towards our first main target that will be testing or possibly explode through $570. https://www.tradingview.com/x/QcHrrEnc/ - After we hit our first wave target, I do expect price to consolidate for a bit, hopefully holding the 570 level, and prepare for another explosive wave towards 578 and then our 581-587 area target. to complete the this 5 impulse wave. * It is important to remind you that this is the scenario I see happening on the idea that SPY has completed its correction and is now aiming to continue our uptrend towards new ATH. For this to happen, I would prefer to see this Wave 3 blasting through its price target and possibly testing 590 and above, leaving little space for a quick W4 correction and then proceeding to levels near ATH. In the main picture, I highlighted $597 as a level to confirm a bullish this bullish theory. * I will later on post my bearish view on SPY just so you don't get too comfortable. We can't leave your therapist without a job. And at the end of the day, keep in mind that we are out here to observe the market and take advantage of its ups and downs. Manage your risks, ride the waves, and let the gods of the charts dictate where price go.
Hello again degenerados, Just like you read in the title, COINBASE:ADAUSD is on chilling mode and I don't have anymore hair to pull out. If you have been following my analysis, you are now expecting price to be moving towards our T1 range. HOWEVER, while we are watching COINBASE:XRPUSD and COINBASE:BTCUSD making moves, ADA is just chilling as if our future is not at stake. But instead of pulling our bags from the exchange and end up regretting it for the rest of our lives, lets see what has been happening with Cardano: - As you saw in the main image of this post, I have not changed my bullish bias towards Cardano yet. What helps me through this are the Price action that we see happening in XRP and BTC and how they compare to what Cardano is doing: - XRP https://www.tradingview.com/x/niRo90K7/ - BTC https://www.tradingview.com/x/niIze4Q1/ - As you can see from the charts above, both XRP and BTC are looking somewhat more bullish than Cardano but why? https://www.tradingview.com/x/7qQ7pB3U/ - In my opinion, I think ADA is going through a consolidation phase, possible the W2 of our 5 impulse waves that creates the first bullish leg of the next bull run. - As you can see in the Image, W1 was kinda weird and choppy which brought us to an even weirder W2, but the outcome has still not changed as we target the retest of that upper trendline in the $0.84 - $0.95 range. - As for Wave 2, these are the following scenarios(Orange and Yellow) that I think might be happening: https://www.tradingview.com/x/nM1K5PA7/ - For one scenario (orange), W2 was already completed and we are now beginning W3. - For the other scenario(yellow), we might have just completed W2 or we are pretty close to complete it with the possibility of retesting that $0.67 level. I DON'T KNOW The fact is that the whole financial market is being played with by geopolitical and economic wars around the world and there is nothing we can do about it. ADA has been acting heavy. Some accumulation has definitely happened and might still be happening right now. All we need is enough stimulus for the market to start moving. I still need to remind you to be aware of the lower trendline as our last hope of support. If price breaks through $0.65, a new wave recount will need to happen. All we can do is wait and observe as ADA continues to test the limits of our patience. Keep strong!
800-Volt-SUV ist an der DC-Säule so flott wie Hyundai Ioniq 5 und Porsche Taycan