1hour divergence, time to buy the dip until the support fails. setup on the chart!
Trade on break low. Stop / target 1 & 2 on chart.
just now Situation: EOS is currently still correcting. WXY has just finished, and after it hit a big support it bounced up, and is now forming an indecisive correction pattern (Triangle or ABCDE). Triangle's are relatively easy to trade so i've set up some important price levels in the chart that will be decisive as to which direction the price will be going once...
XRP performing complex elliot wave correction. Now forming a pennant after upmove, which is likely to break up. Just like the pennant formed after the downmove broke down, i expect this one to break up. Possible bounce zone should be above the last low at point D. Invalidation will be if it goes below. This means a heavier correction is coming. The green line is...
After a larger cycle WXY correction, ripple could be starting a new bull cycle here. However it is possible that the current rally is a X wave (Correction wave in a trend), which consists out of a three wave cycle. If you look at the previous X wave rally that happened in april you can see roughly the same pattern. And look where that ended up...
Hi guys, been a while. IOTA just had its first initial impulsive leg up after a downtrend and is forming a continuation pattern. In this pattern i have layed out three different areas where you could go long with respectively their risk to reward ratios. As you can see the best entry is the one closest to the baseline of the triangle, but it doesnt reach this...
Broke downtrend and formed a triangle after a small leg upwards. 1030 was the confirmation for bch to start the new trend. Safe to go long with stoploss below bottom triangle. Targets are displayed on the chart (.32 and .618 fib). risk is 10%, potential gain is 20-40%. Good luck
break out 5min dowtrend, expecting a small bounce to atleast the beginning of channel
Currently we are in a downtrending channel. Elliot Wave target of the WXY is 8.4k, which has confluence with the AB=CD pattern (AB : .382 retrace = CD : 2.41 - 2.618 ext). Sell near the upper boundary of the trend, and counter trend takes could be taken at the bottom of the trend to ride sell the rally's. If we break out of the channel, expect sharp movement either way.
REd arrows show how it can play out. Fake-out not necessary but common. Short term bear.
We are at the bottom of the channel. 4H is approaching oversold and 1H to 15m is showing bullish divergence. We will most likely break up the down channel to go for a .5 to .618 retracement. There is confluence with a recent swing high /swing low at the .5. So it could be best to sell at this lvl (9472). Stop loss is the red line.
Monero formed a HVF pattern on the daily with targets: 477 & 585 , and is now having decreased volatility inside the parallel channel. Breakout of this channel will come with force, but since this pattern can break either way, it is important to open a position on the following condition: 1. Only open position when it breaks up. 2. When it breaks up we are going...
Looks like a nice setup. risk to reward is atleast 2:1 and we just need to wait for a breakout to open positions. As you can see the first attempt was a fake out. There was a close above the resistance, but it is important to have a full candle body above the resistance. Wait for a breakout with a full candle body above the line to enter a position. Ascending...
Biggest resistance probably the floor of the last top. So after we break resistance of 1630, we should jump to 2370.
going for a small swing up. Red line is stop loss.
TRX showing HVF continuation pattern (triangle). You can enter inside the parallel channel or when it breaks up out of the channel. Stop loss is below the channel. Target is the length of the first impulse of the triangle, measured from the middle of the parallel channel. Good luck!