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Hello Traders, We are analyzing WIF/USDT on the daily timeframe. The price is approaching the downsloping support where we can see a fair entry point for a potential long position. The entry, targets and stop loss are shown on the chart. We expect profit-taking at the downsloping resistance so it's the first target of this trade, but 2 other targets are higher. Good luck
NASDAQ:ACT is working on it. I'll wait a little longer. But in the event of an outbreak, retest and keep it certainly has potential. Be kind to the world and each other!
Symmetrical Triangle: The chart clearly shows a symmetrical triangle formation. This type of pattern typically indicates that the price is consolidating within narrowing ranges and a breakout (in either direction) is likely to occur. Symmetrical triangles can break out either upward or downward. To determine the breakout direction, pay attention to the trading volume. Fibonacci Levels: Fibonacci retracement levels are marked on the chart to identify potential support and resistance zones. Levels such as 0.786, 0.618, and 0.5 are highlighted, showing where the price might react. Key Support and Resistance: The lower boundary (around 0.0130) appears to act as support, while the upper boundary (around 0.0140) serves as resistance. If the price breaks above the upper triangle boundary with volume, it could test higher resistance levels. Conversely, a breakdown below the triangle may lead to a move towards lower support zones. Potential Scenarios: Bullish Scenario: If the triangle breaks upward, the target price is usually calculated as the height of the triangle added to the breakout point. Bearish Scenario: If the triangle breaks downward, the target price is typically the height of the triangle subtracted from the breakdown point. Suggestions: Watch the Volume: An increase in volume often confirms the strength of the breakout. Set a Stop-Loss: Place a stop-loss near the triangle's lower or upper boundary to manage risk. Use Additional Indicators: Tools like RSI or MACD can provide insights into trend strength and momentum.
DOGECOIN on H1 timeframe presents a selling opportunity due its bearish momentum from a semi-brearish channel breakout which is about to be formed.This suggests a potential sell
NYSE:NIO can easily compete with NASDAQ:TSLA and smaller EVs like NYSE:CHPT , NASDAQ:EVGO if they fail to innovate by adopting battery swap technology. NIO's ability to swap a battery in under 4 minutes is a game-changer, offering unparalleled convenience. At under $5/share is a bargain!! Two possible entry points ?
BINANCE:BTCUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue? Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try Resistance levels: 2675, 2682, 2699 Support levels: 2658, 2636 From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high
Hello everyone, Today I had entered short positions and Alhamdulillah got it. Happy Weekend guys??
Nice run for $AAVE. It is expected that we will make a correction. I expect that since it has been the case in previous runs, we can certainly correct up to 50%. We will continue to keep our eyes on this. Be kind to the world and each other!
The pair this huge bullish flag (USDSEK is doing something similar). SL triggers if the flag is busted (daily candle should closed below the bottom of the flag)