Hello!
At the moment I would like to share some higher resistance areas if somebody doesn't know where to take out some profit if we fly higher, and one technically good entry point if we start to make a pullback!
From my point of view, the first strong resistance is around $7286-$7349. Historically, this level is worked nicely and if somebody is on the trade then this level is definitely one point where You must consider to take out some partial profit. IF we rally through this level right away then the second one is $7500 (described later in the post)!
If You are not in the trade at the moment then definitely do not enter before we make a pullback or before we haven't got any significant confirmation, because the current price is very risky and full of FOMO, it may fall down quickly!
The pullback may happen because we are on the trendline which is pulled wick to wick(first touch 08.08 and the second touch 22.08) and we are on the decent resistance zone (we have the May low and a round number $7000)
Where we can enter the trade after the pullback!?
From the current price perspective (current price is $7080), the ideal entry point would be around $6700-$6800.
Entry point criteria:
1. We have historically a strong resistance which now becomes a support at $6767
2. Fibonacci I - pulled from 22.08-28.08 retracement 38%
3. Fibonacci II - pulled from 26.08-28.08 retracement 62%
4. Close to upwards trendline - pulled from bodies since 14.08
5. Supported with 50 daily EMA
6. Supported with multiple EMA's on the 4h chart
7. Definitely, we wait and watch the current price action in this area if we reach there
Target $7500 criteria (for those who are in the trade at the moment and for those who enter a trade after the pullback):
1. Fibonacci pulled from 24.07-14.08
2. Round number
3. Trendline since 05.05
4. Fibonacci extensions (entry point Fibonacci's)
5. Round number and Fibonacci retracement level are just SO identical!
Hopefully, You like this and hopefully, it helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You for your support!
Have a nice day!!
At the moment I would like to share some higher resistance areas if somebody doesn't know where to take out some profit if we fly higher, and one technically good entry point if we start to make a pullback!
From my point of view, the first strong resistance is around $7286-$7349. Historically, this level is worked nicely and if somebody is on the trade then this level is definitely one point where You must consider to take out some partial profit. IF we rally through this level right away then the second one is $7500 (described later in the post)!
If You are not in the trade at the moment then definitely do not enter before we make a pullback or before we haven't got any significant confirmation, because the current price is very risky and full of FOMO, it may fall down quickly!
The pullback may happen because we are on the trendline which is pulled wick to wick(first touch 08.08 and the second touch 22.08) and we are on the decent resistance zone (we have the May low and a round number $7000)
Where we can enter the trade after the pullback!?
From the current price perspective (current price is $7080), the ideal entry point would be around $6700-$6800.
Entry point criteria:
1. We have historically a strong resistance which now becomes a support at $6767
2. Fibonacci I - pulled from 22.08-28.08 retracement 38%
3. Fibonacci II - pulled from 26.08-28.08 retracement 62%
4. Close to upwards trendline - pulled from bodies since 14.08
5. Supported with 50 daily EMA
6. Supported with multiple EMA's on the 4h chart
7. Definitely, we wait and watch the current price action in this area if we reach there
Target $7500 criteria (for those who are in the trade at the moment and for those who enter a trade after the pullback):
1. Fibonacci pulled from 24.07-14.08
2. Round number
3. Trendline since 05.05
4. Fibonacci extensions (entry point Fibonacci's)
5. Round number and Fibonacci retracement level are just SO identical!
Hopefully, You like this and hopefully, it helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You for your support!
Have a nice day!!
Komentar:
Hello!
Currently, the price moves sideways and it draws some patterns on the chart!
On the 15 min. timeframe we can see a red trendline which was before resistance and now becomes a support if we drop below that then we could see a downward movement.
But also it starts to draw an "Ascending triangle" which will indicate bullishness, break above the triangle could lead a leg up to our strong resistances!
I keep You posted!
Currently, the price moves sideways and it draws some patterns on the chart!
On the 15 min. timeframe we can see a red trendline which was before resistance and now becomes a support if we drop below that then we could see a downward movement.
But also it starts to draw an "Ascending triangle" which will indicate bullishness, break above the triangle could lead a leg up to our strong resistances!
I keep You posted!
Komentar:
Be ready, be ready something starts to happen because we are almost on the tip of the triangle and at the moment he price show some down pressure after triple top!
Our current supports are may low, round number and the triangle trndline and the red trendline! Close below those will confirm that the pullback has started and even a nice Sell opportunity is triggered!
Good luck!
Our current supports are may low, round number and the triangle trndline and the red trendline! Close below those will confirm that the pullback has started and even a nice Sell opportunity is triggered!
Good luck!
Komentar:
Yesterday, after the triple top we have seen some downwards movements and we have collected the signs that movement downwards may happen! We have a break below the triangle, we have a break below the red trendline which was before resistance and now it becomes a support, we have a break below the round number!
At the moment the price retest this round number area and we are ready to go lower! Also, we have a lower low and lower high price structure which will also indicate that the leg down is coming but You already know where You can enter the trade if You see a correct price action in this level - $6700-$6800!
At the moment the price retest this round number area and we are ready to go lower! Also, we have a lower low and lower high price structure which will also indicate that the leg down is coming but You already know where You can enter the trade if You see a correct price action in this level - $6700-$6800!
Komentar:
"...ice Sell opportunity is triggered!" Hopefully, You have made some profits and looks like soon we will be in the area where we have to watch price action where to enter the trade! Currently, I make a new post where I put again those criteria's why we can enter the trade in this area and the targets (3 targets)!
So, 'see' You soon!
So, 'see' You soon!
Komentar:
Check out my NEW Idea!
If You appreciate it, please leave a like!
Thank You!
If You appreciate it, please leave a like!
Thank You!
See You tomorrow!