MATIC has been exhibiting a peculiar pattern on the daily timeframe. The price has been accumulating lows twice now, followed by a sharp shakeout of those lows (liquidity grab), which then triggers a pump. This article will focus on the idea that history repeats itself in the market and how we can capitalize on this by identifying these patterns. The accumulation...
UNI has been trading in a clear uptrend on the 4h timeframe. The price has been respecting the ascending trendline and making higher lows. However, the price is now approaching a strong resistance level at $13. The ascending trendline: The ascending trendline is a bullish pattern that is characterized by two converging trendlines, one connecting lower highs and...
CADCHF is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level. If the sell momentum continues the next target could be 0.6460 What you guys think of this idea?
Here I have EUR/JPY on the 1 Hr Chart! The HOT news on French PMI Thursday Morning followed by the Not-So Hot German and Manufacturing/Services PMI readings began the formations of a strong reversal pattern called a Double Top! The mixed PMI results for USD seemed to ease Euros' decent BUT With 2.8% CPI and talks from the ECB of "possible Rate Cuts in March",...
History repeats... Look what happened from 2000-2009. I took that market behavior and copied it to scenario that is happening now. Its exactly same, we are waiting on fake breakout at the top around 474-490(maybe 500) and then drop to area around 353-320. Thats around 2 years or downtrend if confirmed and -28%.
Allow me to share the exhilarating journey of BLUR, the budding cryptocurrency on Binance. Despite its nascent presence, BLUR has orchestrated a bullish symphony that echoes the proper way to ascend, shooting straight for the moon! 🌕 Navigating the Abyss: A Strategic Shakeout Descending Channel Tactics: BLUR engaged in tactical trading within a descending...
Short at Resistance and Supply zone after Fake Out! Let's see what will happen...🧐
As can be seen, Bitcoin is moving as expected within the ascending triangle formation, and we are currently on a stable path above SMA200 / 4H. Considering the Fib support and resistance, a correction to around $35K can be considered normal. If we can break the limits in this area, we can see a correction to $33.5K or even up to FWB:29K , which is our long-term...
OANDA:XAUUSD Gold benefited from the FED standby and we're seeing a potential fakeout above a consolidation range here in green for now as it's acting as a Demand zone. If price action can manage to get above this range we could see a new up leg towards the previous Higher High Pivot at 2009. In the contrary a dip under that range will trigger a resume of the...
In the ever-shifting landscape of the cryptocurrency market, Storj (STORJ) has taken center stage with a compelling narrative. It's been on a mission to clear global sell side liquidity and seems poised for an upward trajectory. STORJ's strategy has often involved liquidity sweeps, signaling a shift in direction, and it may be gearing up for another significant...
Hi Traders! On 4H Time Frame, The EURUSD Failed To Break The Support Line. Currently, The Last Lower High is Broken (Change of Character). So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 1.06670🎯
The cryptocurrency world often surprises us with intriguing market dynamics, and today, we'll delve into NEAR and FET, two projects that have crafted similar fakeout patterns but may be charting different paths forward. NEAR executed a "sweep of the lows," while FET is forging a "double bottom" pattern, both aiming for a potential ascent to $0.55. Let's explore...
DUSK Network (DUSK) has something remarkable unfolding on its weekly chart. It has artfully painted a substantial bullish pennant pattern, complete with a fakeout move to the downside. Now, it's poised for a genuine upward surge. The key to entering this market? Patience and a confirmation through a flag retest. 📊🏴 The Bullish Pennant Emerges: DUSK has...
Solana (SOL) has been a hot topic lately, and for a good reason. It's been on a relentless upward trajectory following liquidity sweeps of key lows. What's more, I'm anticipating another liquidity sweep around the $17 level, which could ignite another round of growth. It's a reminder that liquidity is the fuel that powers price movements. 📈💡 Liquidity Sweeps Fuel...
XAUUSD Short time bullish trend. it could be drop from faky zone and continue for trend on the other hand it will be break all zone in 2 candle with side way and make new trend.
Watch NVDA at this opening reversal zone. Potential to keep dipping to 417 on a market-open fakeout. I will add more insight later. But watch this play.
CME_MINI:ES1! CAPITALCOM:US500 CME_MINI:NQ1! CAPITALCOM:US100 Hourly consolidating in a bear flag. Incomplete bear count and looking for a one more low for Wave 5 followed by a big bounce. Not a buyer of first bounce after the big sell off. One more low and stop out early bulls and trap late sellers and send it higher.
In this brief and simple analysis, I'd like to focus your attention on the interplay between the 55EMA (green line) and the 200EMA (purple line), on the 1D timeframe of the index chart for BTCUSD. In technical analysis, when a faster moving average crosses above a slower moving average, you obtain a bullish cross, when the faster one crosses below the slower one,...