Zooming in to focus on the near-term opportunities for COINBASE:AGLDUSD If we look closer at the angle of the great pyramids chart pattern, we can see a number of opportunities for both short and long sellers. The key here is to watch the momentum which continues to build in this market. The price targets on the Ichimoku indicator align with the great pyramids structure we observe in recent and ongoing cycles. Have fun trading! Remember Habibi, the desert tests your will, not your strength.
Top down analysis done from daily chart to find overall structure (bearish) on the 4 hour timeframe found a new low point which was also a new point B for Fibs to be considered new Lower Low also at a daily key level of support new fib drawn out so we can see pull back to at least 38.2% which is a 150 pip move Bullish (counter trend trade) to then fulfill long term trade.
BINANCE:THETAUSDT (1D CHART) Technical Analysis Update THETA is currently trading at $2.33 and showing overall bearish sentiment Price got rejected from the resistance within the channel and expected to crash further. There is a good short trade opportunity here. Entry level: $ 2.33 Stop Loss Level: $ 2.58 TakeProfit 1: $ 2.1 TakeProfit 2: $ 2.0 TakeProfit 3: $ 1.9 TakeProfit 4: $ 1.78 Max Leverage: 5x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
? ? ? **Stop Loss (SL):** Below **16.51** ? **Entry:** Above **17.11** ? **Target 1 (T1):** **17.74** ? **Target 2 (T2):** **18.42** ? **Why Trade:** Symmetrical triangle breakout with bullish continuation and volume supporting the move. ✅ **Conclusion:** Prepare for Monday's breakout; monitor momentum and volume for confirmation. ??
Buys: 109.54 Target: 150? Monthly chart analysis this is a DEEP 618 Fibonacci and is the ONLY setup I will risk my capital ON! Low Risk High Reward will post some LEAPS plays DROP a LIKE if you want LIVE call outs!
Bitcoin has rejected the 99,500K resistance area establishing a LOWER HIGH (see arrow). This is a BEARISH sign that increases the chances of a 90K support break. At the same time, price is back inside of a broader support zone (90 to 95K) which may see a brief reversal develop as well. In order to utilize this information which may appear to be conflicting, you must know what time frame you are looking to capitalize on. The key is to be able to adjust when the market confirms one way of the other. Forecasting absolute scenarios is ineffective. The 90K support area is a key level. A bullish reversal is likely to appear somewhere in this zone which may be good for a brief retest of the mid to higher 90Ks, but I would not expect much more than that. It maybe worth a swing trade (upon confirmation) for 1 or 2K points. If 90K breaks instead, then this scenario is NO longer in play. The rejection of the 99,500 resistance signifies weakness that should be NO SURPRISE since price is coming off of a broader Wave 5. This move also establishes a BEARISH pin bar on the monthly chart. A break below the low of this candle will also constitute a broader time frame sell signal. This event CAN be the beginning of the next corrective structure that can see price retest the mid 80Ks or even as low as the 70K area (pre election peak) over the next quarter. Hard to believe after all the Michael Saylor thumbnails on Youtube recently. Lesson: Don't buy highs, especially when every Youtube thumbnail has his face on it along with an outrageous price objective. I think the only people fooled by this nowadays are little kids. The Wave 5 that has completed establishes a larger Wave 3 (the bottom of which is 15K). This means the coming corrective cycle Can persist for the next two years and may be very similar to a recent yearly Wave 4 in Gold which took two years to break out of. Wave 4s are typically consolidations and can be very confusing especially when they test their lows. This will be very important for long term investors to to aware of since it there are likely to be opportune dollar cost average prices (just make sure you understand how to weight and avoid leverage). Being familiar with wave counts is very helpful when it comes to recognizing important turning points and what to generally expect in the near future. It serves as an effective context to consider when utilizing other more specific pattern oriented strategies. The market provides the evidence, and then we adjust to improve probabilities, every else is a function of the risk we choose to take. Have a safe and Happy New Year and thank you again for considering my analysis.
DAX40 (DE40) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 19,681.24 1st Support: 19,244.23 1st Resistance: 20,427.78 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
https://www.tradingview.com/x/ksGeHZpm/ ✅AUD_CHF keeps falling in A downtrend and the pair is Consolidating below the Key horizontal level of 0.5620 So we are bearish biased and We will be expecting a Further bearish move down SHORT? ✅Like and subscribe to never miss a new idea!✅
? **Stop Loss (SL):** Below **1.39** ? **Entry:** Above **1.51** ? **Target 1 (T1):** **1.61** ? **Target 2 (T2):** **1.75** ? **Why Trade:** Symmetrical triangle breakout with bullish momentum and strong volume support. ✅ **Conclusion:** Prepare for Monday’s breakout opportunity; monitor volume and momentum for confirmation. ??
It seems to be consensus that CRYPTOCAP:BTC does something like this - 2023 fractal. This was my plan for a long time, but now seeing this chart everywhere in CT makes me think we go to revisit range lows but skip the dip to 85/86k and resume higher in the most bullish seasonality: post halving year Q1. Bottom line is CRYPTOCAP:BTC is range bound 90-100k and any smart trader would tell you to be bullish at range lows (90k) and cautious at range highs. I am already long (cross margin) down to 90k and will add if we wick to mid 80s. All calls for lower targets are unwarranted, and remember that bull markets work by keeping majority sidelined.