Similar to GBP/USD, I’m looking for long opportunities on EU. My key area of interest is the 3-hour demand zone, where I will wait for price to mitigate and accumulate before entering a position. Price has also changed character to the upside, further validating this demand zone as a strong point of interest. Additionally, there is a significant amount of liquidity to the upside that needs to be taken. The next major supply zone I have marked out is the 23-hour supply zone, which is further away. For now, my focus remains on the demand zone—unless price breaks below, creating a new supply level. Confluences for EU Buys: - Bullish market structure shift, with a clean demand zone left behind. - Unmitigated 3-hour demand zone, making it a strong area of interest. - Liquidity resting above, which price is likely to target. - DXY has been bearish, aligning with a bullish outlook for EU. Note: If price breaks structure to the upside without tapping my nearby demand zone, I will either wait for a new demand zone to form or look for a sell-to-buy opportunity from supply.
We’re spotting a potential short setup as TUT BINANCE:TUTUSDT.P approaches a key support level with increasing selling pressure. ? Market Recap & Why This Looks Bearish: Strong rejection from the $0.0498 - $0.0525 resistance zone. Price failed to hold momentum and is grinding lower. Support at $0.0372 - $0.0369 is being tested again – multiple retests weaken the level, making a breakdown likely. ? Short Setup & Targets: ? Entry: Below $0.0372 (after confirmation of breakdown) ? Targets: $0.0328 (first TP) $0.0287 (strong support) $0.0229 - $0.0250 (final TP for full breakdown) ? Stop Loss: Above $0.0400 (to avoid a liquidity grab) ? Trade Scenario: 1️⃣ If $0.0372 breaks, we enter short for $0.0328+ targets. 2️⃣ If price bounces off support, we wait for a better re-entry on the next rejection. 3️⃣ Fakeouts possible! Watch for a liquidity grab before confirmation. ⚠️ Final Thoughts Bearish Bias – Sellers are in control unless we see strong bullish reaction. Patience is Key – Wait for a clear breakdown before entering. Manage Risk! – Use proper stop-loss & don’t overleverage. ? Follow for more setups! ? Are you shorting this? Drop your thoughts below! ?
In this video, we analyze the NASDAQ:QQQ to determine whether we are at a bottom or if there is further down side ahead
So we had a lot of similarities in the CRYPTOCAP:BTC bullish cycle with the previous cycles. I believe it is logical that we will have some similarities in the correction. So I checked based on the Ichimoku indicator and I imagine such a pattern for the future trend of Bitcoin. But this is just one of the possible scenarios. Don't always be bullish. The market has two sides. So always have short trades in your plan. Be with the trend. Be safe. happy Eid Al-Fitr
Hello traders, considering the downward trend of the Euro/Dollar, I think we can enter the trade at the specified points.
READ CAREFULY PLEASE! as i checked BENQI formed bullishflag and in timeframe 1W so it can be about 2-3 weeks to blowup you guys have stoploss and everything in chart and i just opened my long
? Analysis on H1 (1-Hour) Timeframe 1️⃣ Trend & Structure Price is forming an ascending triangle, which is a bullish pattern. Uptrend is still strong, with no signs of weakness yet. As long as price holds above $3,080, there is potential for an upward breakout. The last candlestick shows buyers gaining control, but price is still below the key resistance at $3,088 - $3,090. 2️⃣ Technical Indicators RSI is around 55 - 65, meaning momentum is still bullish but not overbought yet. Volume is increasing, but not significantly. EMA 50 is below the price, confirming the trend is still strong. 3️⃣ Expected Movement ✅ If price breaks $3,090 with strong volume, the next target is $3,100 - $3,105. ❌ If price gets rejected at $3,088 - $3,090, we may see a pullback to $3,075 - $3,070. ? Analysis on H4 (4-Hour) Timeframe 1️⃣ Trend & Structure Price is still in an overall uptrend, but reaching a key decision zone. The market continues forming higher highs & higher lows, which means buyers are still in control. Major resistance is at $3,088 - $3,090. Critical support is at $3,070, and if it breaks, a deeper pullback may happen. 2️⃣ Technical Indicators RSI is around 65, close to the overbought zone, so a reversal is possible. Volume is increasing slowly, meaning buying interest is still present. EMA 50 and EMA 200 confirm the uptrend is still strong. 3️⃣ Expected Movement ✅ If price stays above $3,090, the bullish trend may continue to $3,100 - $3,105. ❌ If price gets rejected at resistance, a pullback to $3,070 - $3,065 is likely. ⚠️ If price breaks below $3,065, this could signal the start of a bearish reversal. ? Summary (Multi-Timeframe Analysis) H1 & H4 are still bullish, but facing strong resistance. Breakout above $3,090 → Buy opportunity (target: $3,100 - $3,105). Rejection at resistance → Sell opportunity (target: $3,075 - $3,070). If price drops below $3,065, a stronger bearish move may happen to $3,050. ? Best Trading Strategy ? Scalping (M15 - H1) Buy if price breaks $3,090 with strong bullish candles. Sell if price gets rejected at $3,088 - $3,090. ? Swing Trading (H4 - D1) Buy if price stays above $3,090, aiming for $3,105. Sell if price breaks $3,065, targeting $3,050.
Hello Traders, Sometimes it nice to look into the past for future guidance. I would say the market and BTC have never provided such a great match of a time in the past. I'm talking about the 2022 top. So far up to this point they are following 100%. If it is to continue to follow then another big drop is about to happen in markets and BTC. I expect it to really start on "Liberation Day" as trump calls it. April 2 is when Trump is expected to announce what Tariffs are going into effect. I think the Market and crypto are holding onto the belief that his will pause or go easy as he has been doing. Except this time I think he sticks to his guns on that day and goes hard... just like retail has been buying this stock market dip because for the longest time you just always "bought the dip" because it would go back afterword's so people got trained... Which is ok normally except when something changes like has happened in the market and crypto. The structures have broken bullish trend support and using MA's you can clearly see its following 2022 to a T and what happens next. Using the idea we continue following 2022 I show the fib levels from then and same fib levels now. I put different colored arrows on 2022 on important price points and put them on the same fib levels now so you can get a basic idea of what prices we are headed to next. Lets see how long it follows 2022.. and if Trump goes hard on Wednesday I expect the next drop to 73K to happen soon.. Then after a short small rebound price then drops to 64K. then a big relief rally.. You can consult the chart for the next possible prices if it continues to follow 2022. Good luck!
ETHUSD Daily Analysis Ethereum is currently trading at $1,830, testing a critical support level. The price action suggests two potential scenarios: ? Bullish Scenario: A rebound from $1,830 could lead to a push towards the $2,100 resistance zone. A breakout above this level would expose $2,530 as the next key target. ? Bearish Scenario: A confirmed break below $1,830 would signal further downside momentum, targeting $1,500 as the next major support level. ? Key Levels: Resistance: $2,100, $2,530 Support: $1,830, $1,500
I’m looking for long opportunities around the 5-hour demand zone, aiming to take price back up to the 6-hour supply zone, where I will then look for potential sell setups. Since price is currently positioned between these key levels, I will wait to see where it starts to slow down and how it reacts. Ideally, I want to see accumulation in the demand zone and distribution in the supply zone before making any decisions. However, overall, my bias for GU remains bullish, especially as the U.S. dollar continues to weaken. Confluences for GU Buys: - A clear 5-hour demand zone presents a potential buying opportunity. - Liquidity remains to the upside, which price may target before a reversal. - DXY has shifted bearish, indicating a potential bullish move for GBP/USD. - Price has been consistently bullish on the higher timeframe over the past few weeks. Note: If price breaks below the nearby demand zone, I will expect a temporary bearish trend to form.