Ethereum has broken through its neckline to the upside in the wake of bitcoin's movement but it has broken to the downside on no volume which is still a valid break because topping patterns do not need volume and Ethereum has and will collapse on the weight of itself, this is an unfortunate event and it is extremely like that it will continue a downtrend...
Guys & gals, sorry to disappoint but it's time to face reality. My Elliott Wave Theory projection is just not happening. This dog just won't hunt; not going to the Moon anytime soon, either. What we have going on is a classic bull pennant in bear market flag formation. It's probably (~94%) going to lead to continuation downtrend. see virtually identical Fig 2:...
Look to go long at market price and watch for the breakout. Hold trades until the 150.900 area is reached.
So much hate for AMD from the collapse of cryptos but crypto GPU is such a small part of the business. AMD is trading within a well-defined flag pattern which would suggest it is a long continuation play. In any case, there is a clearly defined downside ($9.50) and potential upside ($13) from the flag pattern for a high risk reward long set-up and you get some...
Delta Wave in progress, should breakout in next 4 weeks, PT1: 77, expecting continutation of Major trend PT2: ≥89, which is validated by previous symmetrical measuring rule.
EURUSD update: Price is attempting to stabilize at the 1.1933 level which is an old resistance / new support level while showing a bullish pin bar in the process. With momentum being decisively bearish, there is not enough structure at this level to justify any long swing trades. When momentum is decisive in one direction, usually any attempt to stabilize turns...
With NFP being next week. We are seeing where the US DOLLAR INDEX is creating a potential continuation pattern for more downside. We wil be waiting for a fantastic set up next week to go short. Lets see how this pattern develops for the sell. An ideal setup would be a trend continuation or corrective pattern on a lower time frame possible the H1...
Recently in BTCUSDT Itekday is giving great signals long and short following Trend Continuation Patterns
BTCUSD 1H - Bear flag pattern trading strategy is one of the most reliable continuation patterns. One of the first experiences most traders learn when they start trading is price action trading and one of the most popular price action pattern that you probably have heard is the bear flag pattern. The bearish flag is a very simple continuation pattern that develops...
Folks, we don't really know which direction will take place! If I knew I would be a millionaire. LTC is in consolidation with a potential to continue in the same bullish trend direction..But its not 100%... Their is a 75% chance it will continue bullish. Two different price targets were set , we need a few candles over this weekend to confirm which direction it...
These are the "GO" reversal continuation candle patterns I use when I am using the Break-Hook-Go pattern.
Helllllllo again! Browsing through the charts and this caught my eye: OMG may be forming a symmetrical triangle!(Continuation pattern). It is important to note that just before this, OMG was on a positive trend, despite the majority of the crypto market. Since the symmetrical triangle is a continuation pattern, it would be expected that the positive trend will...
Looks like IOTA is going down in sync with BTC. If it bounces down from the upside of the triangle it could break down further and search for new lows
Hi guys, Here some analysis on the EUR/USD pair: We are still in a strong bullish trend and currently a nice correction has been formed lying on a major, historical and daily support. Therefore we might see a bounce from this support (middle black line). Trade setup: - Consolidation has been formed right on the major support - Double bottom (with 2 long wicks)...
A clear rejection on price action s&r with fibonacci confluence might be the low of the next leg to the upside . So, i'm looking to buy on the break of 1.5330 where the first target will be 1.549 and ultimate target 1.6 zone. Best of luck :-)
XRP is touching the still intact log trendline. It's adjusted a small amount due to recent price action but still touching on previous up-swings. If this holds and it continues to go up, we could see 4.2$ if the market wills it.
Since the announcement that you can buy some Mariah Carrey with monero, it rushed a little bit. But after each rush you have to come back to the reality but this reality is still sweat. In the last week was rapidly falling between the line of a flag. Monero seems to find it self again on the old trendline. Effectively it bounced from the trendline breaking the...
ETHUSD update: Higher low established at the 610 level while price works its way into the next resistance zone. There are countless scenarios that can unfold from this point, but in this report I am going to evaluate two that we are more likely to see in light of the most recent price action. At the moment, price is hesitating just under the .618 resistance area...