H!, trying to give some reasons behind the DXY movement during previous few months and weeks using patterns going to add few more graphics below hope u like it thanks
A Life Cross has printed on the above 6 day chart after an explosive 700% rally. A Life cross is often seen as a positive development for fans of moving averages. However a word of caution is advised, moving averages do not inform about the future, they inform you only of what has been. A number of reasons now exist to be bearish on HBAR, they include: 1) Past RSI support confirms resistance. 2) Price action is at monthly resistance. Look left. 3) Regular bearish divergence. Just as before look left, you think this time is different? 4) All tradingview.com ideas are long: https://www.tradingview.com/symbols/HBARUSDT/ideas/?exchange=BINANCE&sort=recent This will be the only short idea you’ll be reading tonight. Remember the the 90% are here to lose money, are you? Is it possible for price action to continue up after 700%? Sure. Is it probable? No. Ww
This is the reason why we are so blindly short this pair while not looking at the HTF For the 1W timeframe, it completed 61.8% pullback of the closed above 50% Fib heading to 38.1% or might be higher to 26% But so far for the 1D TF, we can see will retest the fvg at 68.1% Pullback or even higher at 78% We keep looking at 1H to 4H target but don't see the high time frame Fib. This cause a lot of people losing the money. So trade wisely, this is my 1D target, CHOCH is also confirmed in the Daily chart, it will heading back to 1.80 right now or even higher at 1.10. However, if the price keep surpase 1.13, Week Fib will come into play Goodluck
Rune always frontrun the bull cycle or the bearish one. Seems like we be having some trobule in next months. glhf
Is the selling action that we saw on Friday in the S&P 500 the result of sellers coming in to the S&P 500 or is it the result of buyers selling to take profits before the weekend. The price action on Monday should give us additional clues about which behavior is entering the market.
wicks like these always fill at least 40% this means GU will drop another 1000 pips
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The ETH/USD chart shows a price increase following a consolidation phase. A strong support zone has been identified, which helped halt the previous price decline. ? Conclusion: The support level around $3,045 appears to be quite reliable. If this trend continues, ETH has a good chance to rise further toward the outlined targets. ? Buy Zone: $3,100 - $3,200 ? Take-Profit Targets: 1️⃣ TP1: $3,643 2️⃣ TP2: $4,169 3️⃣ TP3: $4,977 ? Stop-Loss: $3,045 ? Entry Idea: Risk/Reward = 4.5:1