Gold against Dollar takes a dig at the trader's investment by making strange and unpredictable moves, my tech analysis says that it could be scallop patterns in the cards , which could bring the bulls into the scene atleast till 1965 to 1990 zone
#SCLP/USDT $SCLP is inside falling wedge pattern, and above long term support zone, it is possible that price drop to lower line of support zone that is the same with lower line of wedge pattern, then start its rally to break the upper line of wedge that is the same with resistance zone around $2.6. this break out can cause increase toward $3.1 and maybe $3.8.
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The previous analysis failed as the price broke through the uptrend line. It seems that SCLP might form a harmonic pattern. If so, have to wait for confirmation.
Price has already broken the downtrend corrective wave. It is possible for the price to make a rapid downward move before continuing to move up. Or, the price bounces of the two lines converging several times. Anyway, there are two lines in the upward direction of the price. After the horizontal line (the previous price peak), there are no resistances; how up can it go?
It looks like the corrective downtrend wedge has ended as the price crossed the upper side. There are one or two resistance lines ahead, after that, there is no resistance! How up will it go?
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DOT can be seen to continually reject the price along this chart pattern line It is called an ascending scallop and they love to break out to the upside even further when the formation is completed (green oval) Big upsides coming
Just another FTR chart. (for the record) You can watch this with me throughout the day or until it breaks in either direction. Fun! The previous post is the video that gives it more context if you're curious.
Yet another potential scallop. Seems to be a scallop and wedge with some divergences showing up on the 1hr. If it holds true, it could take a while to break, regardless of direction. I did find some divergences of the bullish variety, so we will see how those play out. I will publish this chart so you can watch it at your leisure.
Sorry for the late post. I go over the current charts I am watching and what boundaries I have my eyes on. I will try to get out the video sooner tomorrow so theres time to react to my charts.
ENGUSD has formed a large descending scallop once price reaches horizontal levels and the scallop has completed price can rise sharply this is a nice entry point as you can see the scallop has nearly completed I am long Enigma ENGUSD
This is not a financial advice, do your own research please. The BTC/USDT chart shows two inverted J pattern in previous circle. If the chart keeps up with the inverted and ascending scallop, then BTC should hit $44700. This same pattern can be found in the 30 minutes chart as well as on other time intervals. You should DYOR before taking on trade.
idea for RUFF I believe these are a trading pattern called a scallop If 100MA holds bounce is likely
In this idea I toy with some cycles and with a very basic chart pattern. This is a perfect specimen of an ascending scallop. Measurements are to soft exits to insure exit. One might say a pyramid style scale in with an inverted scale out would be the best way to utilize these targets to see max profits. This is a good example of the trades that I drop for my...
Obviously if 44.8k floor breaks we are interested in supports associated with the epic and historic bull run this month i.e. the 50% and 67% retraces. Also watch the big volume prices that often stress out traders centered on 34.5k approx. But what a thing of beauty, You'd be inclined not to ignore the long opportunity up to 72.2k currently presented. Have fun...
In this idea we see Nexo is falling to support and will start climbing in January. This is confluent with my chart of Bitcoin where Bitcoin will fall into a consolidation region approx January 14th. once Bitcoin has stabilized we will enter a 1-3 month alt season. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains.