BTC/USD - weekly Analytics + Altcoins 30.05.2022Bitcoin formed a false-break from the level of $28.650, followed by an impulse movement. These facts and the pessimism of investors give reason to expect further growth of quotations, the breakdown of the level of $31.150 will give another trigger for the ascent.
Altcoins:
TRX , in our opinion, still looks attractive for buying, an additional confirmation of future growth will be a breakthrough of 0.092.
USD (US Dollar)
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (29906.37).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 31457.46
TP2= @ 32673.24
TP3= @ 34344.46
TP4= @ 36193.81
TP5= @ 37583.56
SL= Break below S2
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💡Don't miss the great buy opportunity in EURUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0605).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1.0700
TP2= @ 1.0760
TP3= @ 1.0811
TP4= @ 1.0850
TP5= @ 1.0894
SL= Break below S2
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💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 12.22
TP2= @ 12.64
TP3= @ 13.28
TP4= @ 14.11
TP5= @ 15.00
SL= Break below S2
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💡Don't miss the great buy opportunity in SUSHIUSD @SushiSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.504 ).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SUSHIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 74.
Take Profits:
TP1= @ 1.708
TP2= @ 1.815
TP3= @ 1.979
TP4= @ 2.173
TP5= @ 2.323
SL= Break below S2
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💡Don't miss the great buy opportunity in GOLDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1798.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 1831.7
TP2= @ 1858.0
TP3= @ 1871.9
TP4= @ 1891.8
TP5= @ 1920.0
SL= Break below S2
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BTC/USD - weekly Analytics + Altcoins 23.05.2022Bitcoin remains in consolidation, which indicates the purchases of large players in this range at an average price of 30,000. This is a positive sign for the formation of a stable uptrend in the future, a breakdown of the key mark of 31,150 will strengthen the growth of quotations.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend.
USDMXN Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect USDMXN to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USDINR could pause it's upward rally !!!!USDINR has reached it's upper range where it has faced
resistance several times as visible on charts.
Avoid fresh longs here and an aggressive could also take a short
position here with very small stop loss.
RSI is also facing resistance near 72 which is again negative sign.
Although, USDINR could make some fall but, that is always good
for the market and because of which we could see some upward rally in markets.
BTC/USD - weekly Analytics + Altcoins 16.05.2022From May 12-13, 2022 there is a potential upside movement in bitcoin , this structure may be a false breakdown and development of a future uptrend. The key resistance at the moment is the level of 31.150, its overcoming will open the way to the further growth of quotations and confirm the trend reversal. May 14 formed the extreme value of pessimism of crypto investors, which also confirms the end of the downtrend.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
#usdinr long setup.#USDINR spot pair formed a Rally-Base-Rally pattern on a daily chart. Fundamentals also support the current bull trend.
#Rising Interest rates
#Increase in India's trade deficit.
#Current economic conserns.
USDMXN Trading Plan - 12/May/2022Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go down from here.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USDINR View 13 May ExpiryUSDINR 13 May Expiry view
Looking at Price action, it has shown a clear BO of Inverted Head and Shoulder with good volume.
Next Target can be next resistance or 77.160 if breaks this too then ATH-all time high level 77.416 (round to 77.5)
May Sell 76.5 PE and buy 76.25 PE for hedging ( execute this when you get a dip, view - buy the dips )
Plan Your Trade and Trade Your Plan !
Happy Trading !
Gold is the best hedging instrumentGold is the best hedging instrument
Every sound investor knows that when the market turns grim, the best place to put their money is in Gold, Gold has always performed well during the times of crisis be it the 2008 crash or the covid downfall, or even in the recent Russo-Ukraine series of events.
Although the price of gold remains very volatile, today I will try to put forward my technical view regarding gold.
Monthly analysis:
Gold has been trading with a median price of around $1800 since the covid outbreak, but recently after Russia invaded Ukraine, the price of gold shot up and almost made another all-time high, but it couldn't hold the levels and fell down rather sharply and currently, it is trading in a strong support zone.
Weekly analysis:
The price of gold has been taking support from an inclined trendline since August 2021, with the continuous formation of higher highs and higher low formations, currently, the price is trading at the support trendline currently and a position can be created according to whether it breaks the trendline or if it takes support from it again.
Daily analysis:
This is where the things get interesting, on the daily timeframe the price is currently trading at yet another recent support which also happens to concur with the weekly support trendline. Thus any bullish candle formation can indicate that a long position can be created and on the breakdown of the trendline we can short XAUUSD.
In a nutshell:
XAUUSD
View - Neutral
Formation of a double top on the monthly timeframe.
Price trading on support zone in the weekly and daily timeframe.
A possible plan of action:
Bullish above $1865 with SL of 1848.
Bearish below $1848 with SL of 1866
Thank You
GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1850.00, resumption of uptrend is expected.
We make sure when the resistance at 2075.00 breaks.
If the support at 1850.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1850.00 is broken.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
While the RSI resistance #2 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1998.30 on 04/18/2022, so more losses to support(s) 1875.00 and minimum to Major Support (1850.00) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 41.
Take Profits:
1790.08
1804.23
1814.96
1831.00
1875.00
1958.29
2000.00
2075.00
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USDINR on verge of a breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/ (Buy Price-Initial Stop Loss Price)
4. sell 50% of your position on ADX cross of 40, keep the other half and trail the stop with Supertrend indicator or any other indicator of your liking.
After a consolidation sale March 2020, OANDA:USDINR is ready for a breakout. On closing basis It has already given breakout. If it crosses 77.16 with high volumes then one can consider buying it with a stop at 75.80. It has already given a breakout with high volume on 30 minutes chart yesterday morning which is a sign of bullishness.
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.04966).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.05678
TP2= @ 0.06349
TP3= @ 0.07129
TP4= @ 0.07619
TP5= @ 0.08277
SL= Break below S2
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
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