Good Morning Traders. I spotted this pair, and after checking on the H4 chart I realized that sales are the prospect to happen, however, I do think that a break above the marked resistance level could invalidate the sells and you should be waiting for a retest above the resistance to confirm buy entries. I do recommend that you scale down to lower timeframes...
Snapchat has probably peaked in terms of its popularity. Yes- a lot of us use the app. Including myself. But what do they really do that is hard to replicate? All of that aside, technical analysis says this stock is overpriced. Bearish double top. Massive gap down below that has already broken. I originally meant to share this last week. It has also lost both...
Important things to note: I am going to start posting my main market overview in a BTC chart instead of cramming everything into an ADA chart. I will be posting alt charts throughout the week (this just makes sense structurally). BTC looks rather good from every angle (on chain, technically, and in the macro space). I bet in early Feb that BTC was going to 53k in...
TVC:USOIL is this the top? waiting for updates...
Hi Everyone! There is a potential long in play on the 1H timeframe for the EURGBP pair. We are currently keeping our eyes on the current candle to see what it does for confirmation of a valid setup. If the current closes below our zone the trade will be invalid. If the candle closes above the zone it increases the odds that we will move up to our target zone...
The price created a double bottom on the daily timeframe on 20$ and got a rejection from the 0.618 Fibonacci level on 24.76$ on the 4H timeframe, the price is creating the higher high and higher low, and now the wants to confirm the previous resistance as new support on 24$. How to approach? We are monitoring the price action, and we are waiting for a bounce on...
Push to 45k Resistance at 45.5k Double Top Going down to 35k
Double top Testing EMA not breaking through key area
It has been a big week for the Swissie as rates have rallied north of 0.9300. Now a Weekly Double Top pattern is in view at 0.9368 - 0.9373. If this area comes into play, a potential selling opportunity may come to pass. Here’s the trade: Sell 0.9364 Stop loss at 0.9389 Profit target at 0.9339 1:1 risk vs reward worth 25 pips Should we see more bidding, this...
double bottom "W" pattern. Still new to this, comment if you agree/disagree ! obv not financial advice
ALGO is inside a weekly descending channel, got rejections from 1,8$ area, it's strong area. As you can see the price had a breakout and retested this area as new support, but after the breakdown, the price retested the previous strong support as new resistance. The market created a double top on the daily timeframe. The price bounced on the weekly support and...
When ROSE passes the top of the handle, I'll be looking at an entry (maybe there,) to add to my position!
Check for rejection when retest the resistance in the daily timeframe.
in total chart will win and make the pattern double bottom as usual but we will see huge sell after 7 days
The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right? However, my chat is that we should look at...
The short may have already left without me, but i am more interested in buying from 127.500 area Possible double bottom with plenty of liquidity for anyone who is currently long from that price area..
After Ethereum's drop and recovery today, a massive hanging man candle formation has formed. This is a strong indication of an imminent collapse in Ethereum. Short positions anywhere above 4100 can be traded. I think cryptocurrencies in general will enter another bear market. A double top has formed in Ethereum and Bitcoin too. Both these chart patterns are...