-The 1W chart shows a re-test of the support TL on this triangle pattern. This shows that there is a lot of selling pressure and bears are in control.
If you look at price in the circled area, you can see that as price increases, the retracements are strong/deep; showing that if price were to continue higher, the bears will come back and drive price back down...
Ethereum appears to have confirmed a bottoming out pattern, forming a double bottom on the weekly chart on 26th of august and 23rd september, of course the pattern is not complete until a confirmation break of the neckline at $210, but the charts are printing multiple bullish signals, with a break of a a multi month falling wedge that dates back to first contact...
(This is an idea) after playing around.
-The current market sentiment is in a downtrend.
-Price has already made a Left shoulder & a Head for this structure.
-4H chart; Price holds at green zone resistance, so a potential ADAM/ADAM DOUBLE TOP:
-Price is below the 200 EMA.
-15minute chart: Harmonic pattern formation:...
Price tests 50% zone on Fibonacci numerous times on the 1D.
EVE-EVE double top on the 4H chart:
To understand what I mean by "Eve/Eve", highly recommend to check out the book: 'Encyclopedia of Chart Patterns; Second Edition by Thomas N. Bulkowski- it has around 850 pages.
Double bottom on the price of UK OIL with bullish divergence on the RSI on the daily chart,
Good entry for longs and taking profits at $62 where the 20 MA is at at the moment , price in case of an uptrend most likely will travel towards that level,
Also Fibonacci taken from the high to low of the descending channel we have been trading in for the last few...
TP absolutely smashed with an absolute killer entry. Proud of that one. It makes all them smashed keyboards and headbutting a wall hours on end because words stopped making sense cos i worked so hard worthwhile. Success is a direct correlation to how much you want it. FACT.
gbp and eur clear off news, gbp acting very bearish throughout today's sessions; looks like a retest will take place
1hr and 30 min ema starting to cross
1 hr fib showing a possible break towards .38 zone