Hey, This is really a text book chart, together with many others in the crypto atm.. A lot of fear and greed is currently in the market, you see that in the PA. But that is old news, cuz I shared that a long time ago already. For me more upside from this zone is very likely, if it fails... I have to go back to the drawing board and see what is the next area of weekly or monthly demand to time when and where price is likely to move towards. Have a good one, more charts soon. Make sure you follow us :) Kind regards, Max Nieveld
A sell opportunity is envisaged from the current market price as EUR continues to weaken. We see how dollar index keep Getting stronger due to positive economic sentiments. I’d expect price to trade and possibly make a new low. Our take profit is at 1.02236
The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD market continues to push to lower levels. The price formed a notable double top before dropping after testing the downward trendline. It initially tested the high zone from the previous week, then declined, breaking and closing below the previously respected support level at 1.03500. Furthermore, the price has broke through the previous day's low, suggesting that bears are in control. I expect the price to at least retest the previous lower low levels and potentially make news lows. My goal is support zone around 1.02620 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
USD/JPY saw renewed buying interest above the 158.00 mark early Wednesday, fueled by ongoing uncertainty surrounding the Bank of Japan's potential rate hikes. Adding to the bullish momentum, the Federal Reserve's recent hawkish shift, rising U.S. Treasury yields, and a stronger U.S. dollar have all supported the pair ahead of the highly anticipated U.S. ADP data and Fed minutes release. The upward trend is expected to persist, backed by strong technical signals, including support from the EMA 34, 89, and the ascending price channel. Wishing you successful and profitable trades!
NQ is being pushed down, and a rebound doesn’t seem possible at the moment. There are some fundamental factors supporting this weakness. However, as a chart analyst, I focus on the signals within the chart itself. What I see is a possible target around 18,400, which aligns with the L-MLH. With the weakness of the MAG7, the Nasdaq is unlikely to make further gains. The options are sideways or down. The latter is what I trade according to the rulebook.
Short EUR/USD: Observing a parallel bearish channel with the continuation of the ABCD leg.
Important areas for today: Resistance lines 2691 2677 2662 Support lines 2632 2618 2605 Currently, the price is above the blue area (2645) and the prevailing trend for us is bullish. If this area breaks down, it could be a sign of a trend change. The yellow channel areas and also the yellow trend lines are of great importance to us. It should also be noted that the support area between 2648 and 2643 is very important.
#MYRO The price is moving in a descending channel on a 15-minute frame and sticking to it well We have a bounce from the lower limit of the descending channel, this support is at a price of 0.0573 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.0588 First target 0.0606 Second target 0.0627 Third target 0.0658
Weak candles have no power, buyers are skeptical, a selling position will be created, let's see the chart together.
ETH going to ATH ? - long opportunity - analysis only, no advice