These are the principles I have gained due to the reading materials.
1. Wait for Extreme Premium/Discount
2. Wait for Price to Exhaust Pressure
3. Wait for Any Chart Patterns Indicating Reversal
4. Wait for Trendline Break with Momentum
5. Wait for HARSI/WAE Above Explosion Line + Reversal Engulfing Candle Close
6. Entry on Trendline or Pivot Re-Test.
NO...
We're observing a significant development on the ATOM/USDT pair, as we've witnessed a robust breakout from the descending trendline that was previously restraining the bullish momentum. We see that this breakout could lead to a potential retest of the trendline, which, if successful, would confirm the shift to a bullish trend. Currently, our focus is on the $9.7 level.
Cardano (ADA) is experiencing a significant breakout on the weekly chart, as the recent candle has surged past both the descending channel resistance and the key horizontal zones. This impulsive move indicates a potential change in trend, suggesting that buyers are regaining control.
But what caught our attention is that the RSI has spiked into overbought...
We've been tracking the MASK coin closely and have noticed some interesting movements. The coin attempted a breakout which didn't hold, leading to a sharp decline towards a re-test zone. If this re-test fails to push through, we're likely to witness a further slide into the lower price regions, with the 200 EMA as our primary target. This area will be crucial to...
INTRADAY/SWING TRADE:
--> Here we have a beautiful Descending Channel, which broke the demand area and re-tested it.
--> It's a high probability set-up with very good Risk To Reward ( 1:5 ).
--> Don't miss the chance that market offers you with the re-test.
--> Go to bigger timeframes (12H OR Daily) to see the exact pattern formation for a better...
If the market cap doesn't break down after touching bases with ~212 Billion i could see ~425 Billion by the end of the year.
Possibly an ALT season while BTC crashes, but that's unlikely as of now.
Watch for a break into the lower end of my Pitchfork projection.
Safe trading you guys.
We have broken the bottom of our range (yellow line), I would now look to short the first test of the level (red line) and stop loss above the swing high (green line) and aiming for the next support line.
XLMUSD is setting up for a strong follow-through breakout following a healthy pullback. The hourly chart shows a bullish double bottom candlestick pattern during accumulation phase. The Ichimoku cloud system shows price broke through the white Kijun-Sen (along with a T/K cross) and has now re-tested the line without a close below. The cloud top will act as...
Safer stops would be 1198.6 and still give a good risk/reward trade but this may do. I have already entered a short at 1188.50 (GCG7). Let's see what happens
Hey guys! Found a good retracement back into the resistance level inside a channel! Good short all the way down to the end of the channel maybe?
Good luck guys! Let me know how it turns out!
Oh yeah! There is a volume divergence on the 15 min chart! Just more info to give a clearer picture :)
