Shiba INU is giving breakout of cup and handle pattern ... Keep a watch on it
Hello again peoples, As we witnessed today, price did not do what I was looking for yesterday. Instead, we went through some range bound price movement, tested yesterday's high and bounced back strong towards today's high but not break out happened yet. That is just a perfect scenario to raise my blood pressure, but here is what I will be looking for tomorrow. https://www.tradingview.com/x/TKmGDINk/ - Today's consolidation could be a bear trap for those that realized the early signs of trend weakness. As you know, our target for W3 to be completed is right above this resistance at $577. We were able to consolidate, and possibly accumulate, right below that level while holding $573 support. Bears tried, but even when they aggressively pushed down price, as soon as it hit our support, price stabilized and bulls pushed back up at the end of the day. https://www.tradingview.com/x/ee2qOqU6/ - If you look at our 30D Volume Profile, you can see 3 levels that I highlighted. The level #1 is the support we held, #2 is here I can see price finding resistance (end of the 70% value area), #3 is where price might go it it breaks #2. - It might be a crazy coincidence of the universe, but our TP for W3 is right in between #2 and #3. https://www.tradingview.com/x/S23LGObh/ - In our 5min chart, we can see how we were able to bounce off the 200 EMA. And if you look at the 1hour chart: https://www.tradingview.com/x/VowEvYk8/ - You can see that our 20Ema(orange) is the same as the 200ema in the 5min chart. - A nice buy opportunity for those that missed today will be if price test that $574 support again before starting our last leg up towards $580. Anyway, this is what I have for today. Let me know what you think and how I can make my analysis better!
Mid week analysis. Went higher as fakely forecasted before a correction after 0001hrs, Wednesday started with a Open low setup. I'm still bull biased with a stwonk possibility to the 3040s range if as if. Red folder news with GBP CPI at 1500hrs local sg time & yellow news with usd at 2030hrs sg time. let it flyyy
Summary: Gold is currently in a range-bound phase between 3006 and 3036. Both bullish and bearish momentum appear limited for now. As long as the price remains within this zone, the strategy is to buy near support and sell near resistance. If 3037 is broken to the upside, bullish momentum may strengthen and warrant re-evaluation. Key Levels to Watch: 3057: ATH resistance 3036: Key intraday resistance 3026: Short-term resistance 3015: Support 3005: Important intraday support 2994: Bearish target zone Short-Term Trading Strategy: For Shorts: Enter a SELL position if the price breaks below 3021. Watch 3018 for initial support; if the decline continues, monitor 3015, 3011, and 3008. For Longs: Enter a BUY position if the price stabilizes above 3027. Watch 3029 for confirmation; if bullish momentum continues, monitor 3031, 3034, and 3038. ? If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support! Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 11.5/61.80% Chart time frame: C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Today's buying and selling boundaries: 3021.00 Support and resistance levels 3049 3038 3031 3010 3003 2992 Trading strategy: If the price breaks through 3031, consider buying, the first target price is 3038 If the price breaks through 3021, consider selling, the first target price is 3010
Today's buying and selling boundaries: 150.12 Support and resistance levels: 151.50 150.98 150.65 149.59 149.25 148.73 Trading strategy: If the price breaks through 150.12, consider buying, the first target price is 150.65 If the price breaks through 149.59, consider selling, the first target price is 149.25
TROY ~ 1W Analysis #TROY Buy gradually from here with a short -term target of at least 20%+. This is the lowest support for now.
Technically, the gold daily chart rose slightly yesterday, and the price closed within the range of MA10-7-day moving average. The Bollinger Bands of the 1-hour chart and the 4-hour chart have narrowed, and the price is now adjusted near the middle track of the Bollinger Band! The upper track of the four-hour chart suppresses the 3038 line, the lower track supports the 3003 line, the MA10/7-day moving average is glued, and the RSI indicator is flat. It is expected that the gold price will continue to fluctuate in a wide range, and the trading idea is still to sell at a high level, and then consider buying at a low price. Gold is currently temporarily maintaining a high-level shock repair in the daily trend. After continuous shocks in the 4-hour level trend, the technical pattern has begun to gradually repair and complete, the short-term moving average has begun to gradually turn around and diverge upward, and the K-line chart has begun to slowly stand on the short-term moving average support. In the short-term trend, bulls have an advantage, but the current price is temporarily under pressure around 3035. The overall market is still volatile. The US market reached a high of 3036 and fell under pressure. This position is the 0.618 resistance of the decline and rebound. At the same time, it has risen three times. Note that buying needs to find the right position. Today, you can pay attention to the 3005/3008 support to go long. In the short term, the market is volatile, and both long and short positions have the opportunity to participate. On the 1-hour chart of gold, the price has fallen back after touching the previous pressure zone. In the short-term trend, the technical pattern has also begun to weaken. It tends to have some adjustment space in the short term, but the adjustment strength is uncertain. At present, the bottom divergence pattern is formed on the hourly chart, and the short-term moving average turns upward. It is expected that gold will still have a rebound demand in the short term. If the gold price stabilizes above $3010, the short-term target will be the $3035-3045 range, and further breakthroughs are expected to test $3050. Key points: First support: 3013, second support: 3005, third support: 2992 First resistance: 3032, second resistance: 3038, third resistance: 3046 Operation ideas: Buy: 3005-3008, SL: 2996, TP: 3020-3030; Sell: 3033-3035, SL: 3044, TP: 3015-3010;
Thats SOL, The ORange shall likely happen when market falls to the block, Somehow if vol comes on the OB, the red arrows what shows, takes place.However, more pressure leads to the fall till 128, but from rage 135 to 129 is the best buys to 167, even 178 as well!!