ETH has returned to its monthly buy setup completing its bullish retest. Expecting a turnaround in this monthly zone, possibly going for 1720ish.
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I spotted a descending channel on the yield curve which it never formed before in it's entire history.. So if this one plays out then we will break out to the upside..
AUDUSD about to shoot up on both small timeframe and higher timeframe, we have some bullish momentum and buyers are more than sellers which means the market is about to continue up for some time, studying the chart and the use of S&R and some trend lines I've come to the conclusion that AUDUSD will shoot up? , let's wait and see how it plays out comment your views on AUDUSD?
ETH tagged the 1:1.272 pocket recently and bounced right off. This pocket is a major support area; given the HVN (High Volume Node) that rests in that zone. This asset may start to show signs of strength compared to Bitcoin as we come closer to alt coin season (yes, I highly favor an alt coin season). But the question is when? That transition could start during this correctional phase or shortly after. So trying to pinpoint the correctional bottom for ETH may be challenging. As USDT.T has the potential to form higher local highs, I would imagine that ETH would print a lower low. There is a POC (Point of Control: Yellow Horizontal Line) that the lower low could hit @ $1627.57. If that is the case, this would suggest that ETH is indeed starting to show signs of strength compared to BTC. If support breaks in that area, the next stop is the 1:1.618 pocket @ $1412.51. If this happens, I believe that anything lower than that support window (ending at the 1.786; $1264.27) would not be up for grabs. I'm going to label this scenario as "worst case"; The 1:1.618 GW correction. When considering higher time frame 3 wave corrections (The gray ABC wave structure) a noticeably potential point of support is at the 1:0.618 of that larger ABC wave structure @ $1427.56. So with these combined support structures in mind; I'm going to favor this area as the potential correctional bottom for ETH. I could be wrong, and ETH finds support at the POC horizontal ray, but only time can tell. Good Luck Traders!
How I see it: Just another perspective. Bullish breakout @ trend - TP = 20305.00 Bearish rejection @ trend - TP 1 = 19112.00 TP 2 = 18700.00 Thank you for taking the time to study my analysis.
USDCHF Bearish movements are still going on after a little correction we expect another bearish movements
Gold surges upwards as soon as it is stimulated by the news, but this momentum is not expected to last long. On the contrary, it is a good opportunity to short at high levels. From a macroeconomic perspective, the current global inflation expectations and monetary policy trends are profoundly affecting gold demand. In terms of technical indicators, MACD shows that although bullish energy is being released, KDJ has entered the overbought zone. It is expected that in the short term, after gold touches the resistance range of 2938-2945, it will continue to increase short positions, with the target of 2920-2910, accurately grasp the band opportunities, and achieve profit goals with the help of the possible callback market. You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
https://www.tradingview.com/x/tzyhm7Zs/ Hello,Traders! AMAZON made a bullish Rebound after the retest Of the horizontal support Level of 190.78$ so we are Locally bullish biased and We will be expecting a Further bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
For weeks we are testing this level now but cannot break it. Due to the large drop since January I consider a corrective rise as more likely now.