Now this may just be a big rationalization but i am curious to know what your guys thoughts are on this possible pattern. With the dollars strong NFP data earlier today extending the price lower, the dollar also hit a large untested resistance on the daily timeframe. i am wondering if this could be a very sideways H&S in the event that the dollar rejects that daily level. The large buyside liquidity draws in the middle of structure also make me believe there could be a retracement to the upside on NZD. This isnt a TP or SL idea, i am looking for the opinion of other fellow traders and what they may think the price action could be in the coming week. Feedback is greatly appreciated. Kind feedback of course, Tradingview minds and ideas have turned into a battle ground over who is a moron for their idea and who is not lol. If i am incorrect ill be waiting for that red bearish candle to blow through my computer screen and desk to then hit my toes. Lmk.
ADA has been consolidating in a volatile range, with clear signs of rejection from the R1 resistance level ($1.1888). The broader trend shows bullish momentum has slowed, transitioning into a consolidation phase. The descending trendline (S7) has acted as a short-term resistance, but a breakout above this line recently indicates the possibility of a bullish continuation. The key to ADA’s next move lies in whether it can sustain its position above the major support levels. Support & Resistance Levels Resistance 1 (R1): $1.1888 This is the primary resistance level that ADA needs to breach for bullish momentum to regain strength. A break above this level could open the doors for a rally toward $1.3264 or higher. Support 2 (S2): $0.7428 This is the critical support level and the lower boundary of the range. A breakdown below this level could invalidate the bullish structure and lead to further downside. Technical Indicators MACD (12,26,Close): The MACD line is marginally above the signal line, indicating a neutral-to-bullish sentiment. The histogram is slightly positive but shows low momentum, suggesting indecision in the market. RSI (14,Close): The RSI is hovering around 50.40, reflecting a balance between buyers and sellers. A decisive move above 60 would confirm bullish momentum, while a drop below 40 could indicate renewed bearish pressure. Chart Patterns & Price Action The chart suggests a triangle breakout above the descending trendline (S7). However, the price has failed to gain significant upward traction, facing resistance near $0.93. This lack of follow-through indicates that bulls need stronger momentum to push prices higher. Projection & Scenario Analysis Bullish Scenario: ADA must reclaim $1.1888 (R1) to confirm a bullish breakout. If successful, the price could target $1.3264 as the next resistance zone, with potential for further gains if market conditions align. Bearish Scenario: If ADA fails to hold above $0.7428 (S2), the price could retest the $0.50 region or even the low of $0.3034. A breakdown would likely trigger increased selling pressure, signaling a bearish trend. Conclusion In conclusion, ADA is at a pivotal point, consolidating between critical support and resistance levels. The short-term outlook remains neutral until the price decisively breaks above $1.1888 or falls below $0.7428. For now, I remain cautiously optimistic, leaning toward a bullish bias if the support zone holds and momentum strengthens. ADA’s price action should be closely monitored, as confirmation of either scenario will dictate the next significant move.
Last year. January 15th around Psubank index trading 5500-5700 between ,where has BOI trading at 128-134 between Now psubank index trading after falling 6084 but BOI trading at. 94 Much gab between both charts Hope once subsided pressure will be covered on faster basis with fallow of index due to all results are good and trade at better valuation.
BTC appears to be completing its 4th wave correction, which is taking the form of a complex WXYXZ pattern. The structure suggests we're at the terminal phase of this corrective wave.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Nextera Energy(Extended Hours) - Double Formation * ((Wedge Structure)) | Completed Survey * 012345 | Wave Count | Entry Bias | Subdivision 1 - Triple Formation * 88.50 USD | Area Of Value | Subdivision 2 * Numbered Retracement | Subdivision 3 * Daily Time Frame | Behavioural Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
This is how I'm seeing GBPAUD for the near future. It's still in a strong uptrend, but I'm expecting a retracement to the 'green zone' (1.97108) before it moves to the upside. That level also lines up as follows: strong resistance turned into support / Pivot Point untouched on the weekly / Fair Value Gap on the Daily, and it also lines up beautifully with the Fibb tool at the 0.382 on the week. **This is not an advice, it's just my view on how I'm seeing the possibilities of future price action.**
https://www.tradingview.com/x/gRuXIhV1/ Lobo is currently at the buy zone, with no reaction in the price , very low volume , expect a lower low .
Weekly and daily chart showing bullishness. 4h, possible internal range liquidity to external range liquidity move, following the daily and weekly direction
I extended the two green lines from this chart https://www.tradingview.com/chart/BTCUSD/flMVlzLO-new-forecast-haha/ I predict, overall, that this year is a bullish one. The yellow is what I expect from a moderate, somewhat subdued run, the blue is what I expect from a utterly rabid one. Last week of October feels good for locking in profits. The target price range is approximately $450,000 to $1,250,000, which is stupid vast. Iust gauge how things are in early July and again early-mid September to qualify the level of rabidity. https://www.tradingview.com/chart/BTCUSD/flMVlzLO-new-forecast-haha/
This may just be a massive rationalization but let me know what your thoughts are please. I feel that maybe this is a very sideways H&S, with NFP data earlier today price shot higher into a big daily resistance, thus making me feel it will reject and complete this pattern. Unless of course it continues to break ceilings, then we can give the dollar a new name. Bitcoin. This is not an idea for marking TPs and SLs i am just curious if fellow traders could see this as a possibility. Feedback greatly appreciated. Preferably kind feedback lol. Ive noticed trading view minds and ideas are quite aggressive and condescending at times in the replies to others ideas.