#bitcoin #btc price has declined twice from the bearish retest zone (as i described in my previous ideas) and it seems CRYPTOCAP:BTC bearish retest is getting succeed. This success means blood for #cryptocurrencies #altcoins .Best to be avoid risks until #btcusd reclaims (if possible) the broken trendline, the parallel channel. Not financial advice.
As we know markets move funky around the Hollidays but going into a new year we have new potential. USDCAD is currently selling from resistance zone towards trend line for a potential bounce for more buy in the uptrend or even break the trendline to go down long term.
just share my idea if break from buy zone its invalid vote up if you agre with me
As long as we defend the green box, the price would go to upward.
? #GBPJPY Buy 196.4 - 196.0 ? Stoploss 195.2 Breakeven 196.45 TakeProfit 1: 196.6 TakeProfit 2: 196.8 TakeProfit 3: 197.0 TakeProfit 4: 197.2 TakeProfit 5: 197.4 TakeProfit 10: 198.4 TakeProfit 20: 200.4 TakeProfit 30: 202.4 Trade at your own risk Protect your capital The Wizard ?♂️ Friday 12/20/2024 04:45 AM EST
SPY RSI on the monthly chart is showing an acceleration of selling going into the next few weeks, the 1.618 fib extension from today's high shows a perfect placement to the support created on Nov. 1 2024, and the EW count is showing today's high as the end of wave 2 retracement wave. Wave 3 will be the highest volume wave and will bring SPY down to 568 at the end of wave 3 or wave 5. Expecting Wave 3 to end at 568 and Wave 3 to bring SPY down to 565 over the next 2-4 weeks.
Intel ( NASDAQ:INTC ) is retesting cucial support: https://www.tradingview.com/x/XHDxkmku/ Click chart above to see the detailed analysis?? After dropping an incredible -60% over the past couple of months, we are finally seeing some stabilization at the current support on Intel. It is also quite likely, that we will see another short covering rally, which would perfectly line up with a rejection away from the support area. Levels to watch: $20, $26 Keep your long term vision, Philip (BasicTrading)
If it can stay and bounce from support area it will be going to cosmos.
This liquidity channel for Nerid is clearly visible in the scalp.
Wave Structure: The chart displays a 5-point structure typical of a Wolfe Wave: Points 1, 2, 3, 4, and 5 align with the criteria for the pattern. The line connecting points 1 and 4 represents the Potential Target Line (PTL), which forecasts the future price target. Point 5 is crucial as it marks a potential reversal area, signaling a buy opportunity in bullish Wolfe Waves. Key Levels: Support: The price near the 5th point aligns with strong support within the trend channel. Resistance: Key resistance zones are observed near $12.99 and $22.50, acting as medium- and long-term targets. Indicators: RSI (shown below the price chart) suggest divergence, where momentum weakens on a downtrend, indicating a potential reversal. The green EMA200 represents dynamic resistance, and a break above it could confirm the bullish reversal. Trade Idea Entry Point: Near the current price of $9.17, where Point 5 of the Wolfe Wave is forming. This area serves as the optimal entry zone for a potential long trade. Profit Targets: First Target: $12.99 (intermediate resistance). Second Target: $22.50 (aligned with the Wolfe Wave's PTL). Stop Loss: Place the stop below the low of Point 5 (approximately $7.50) to limit downside risk. Risk-Reward Ratio: Aiming for a ratio of at least 3:1, with upside potential significantly outweighing the downside. Scenario Validation If the price breaks above the moving average and sustains, it confirms the Wolfe Wave setup. Failure to hold support near Point 5 invalidates the pattern, triggering the stop-loss level.