This is clearly a head and shoulders pattern forming up on the BLZ price chart. I will be expecting this to dump till reaching its golden ratio which is 0.176 range if it breaks the neckline and retests. Also depends on where BTC moves. Cuz in this situation, alts follow where BTC heading to. Happy Trading!
On the weekly chart, a double bottom was formed, neckline was broken then retested. On H4, this pair has been forming higher highs indicating that the pair is bullish. I'm looking to go long on this pair
EURUSD on the daily chart is testing the neckline of the H&S pattern created at the top of the bullish move. The market after the 1.23400 high couldn't create higher highs and lost momentum and created a last retracement at 1.18900 before closing the week over the neckline. According to Plancton's strategy if the market will break and retest the neckline we can...
EURUSD pair seems it is formed a massive H&S pattern And after the ECB rate decision If neckline breakout happens, we will see bearish continuation And while the closest target is the horizontal support below The scale of the pattern implies that the price might go much lower Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's)...
Purple Line = Daily SNR/Trendline Red Line = 4 Hour SNR/Trendline Orange = 1 Hour SNR/Trendline If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits! This...
I think price will drop like this after price made a triple top pattern on chart.
As we can see on this chart, we have a downward trendline breakout from $2650 and a pull back is in play back to $2550 or the breakout point at $2650. When price reach $2650, I expect price to dip to the neckline at $2220. If price, break the neckline downward, then I expect another dip to $1800. What do you think? Share your opinion in the comment...
We have an ascending triangle with three credible support trendline on the chart. Price retested the trendine and resulted into a bullish pin bar which indicates a long position incoming. Therefore, I expect price to break the neckline upward and to continue in that direction. What do you think? Share your opinion in the comment section✍️ Please support this...
The entry price, stop loss and take profits have been represented on this chart. If you take a thorough look at this chart, you will see a lot of buy confirmation on this chart. First we have the inverse head and shoulder. Second, we have an upward trendine breakout and retest. Thirdly, we have a support trendline uptrend continuation. Therefore, if...
💥 CARDANO🔥 ADAUSDT BUY/LONG Entry - $1.53 or market price Tp1 - $1.78 Tp2 - $2.30 Stop loss - $1.31 REWARD✅ - It has potential of 15% - 50% ROI from entry RISK - 15% from entry price Apply risk management As we can see, here is an inverse head and shoulder which confirms price to go long. Therefore, I expect price to go long to the first target at $1.78...
An inverse head and shoulders on NKT that broke the neckline 48 hours ago. An acceleration to a new all time high took place the same day. The next day showed much of the regain reverse, which is a worry as this engulfing candle could be a reversal sign. However, watch price action over next couple of days to see how it shakes out or play it with a tight stop...
We enjoyed a 150pips run in our last publication before the price began to find higher highs (see link below for reference purposes) which topped @ Y133.4ish during last week trading session. Even as the EURJPY appears Bullish on the long-term outlook, the break below Key level @ Y132.800 which also serves as the Neckline of the Double Top structure signals a risk...
I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #GBPCAD Hello friends. the market here seemed to be bottoming and it might be forming a triangle here but it doesn't meet the rules so i can't take it, however here is my plan: >> if the market...
Throughout the day, AUDUSD has been forming nothing but higher highs and higher lows. It has also broken above 0.7786, a neckline to the previous 2 lows. In any case, sellers are definitely looking very weak and buyers will be able to take over easily as it now finds support at the bottom of a rising channel.
The trend is quite extended. Im going to apply strict risk management on this idea. SL to Break even after a 1:1 ratio has been attained. Executing the trade upon evidence of a reversal candlestick pattern from the demand levels.
Bullish run update. Following our successful entry and Target hit, we see another opportunity for the bullish run continuation. Caution because pair is currently gathering more sell orders to trap retail seller. Expect aggressive stop hunts to the downside, but based on probabilities we are bullish until further price action
Enter on the retest of the horizontal support resistance line. Potential entries for a buy are 1745.355 and 1760.754.
A head and shoulders pattern has formed on Alibaba and the neckline is perfectly aligned with the firmly established support line that has been tested numerous times since October 2018. The head and shoulders pattern on BABA has been forming since September 2019 and if the neckline/support is broken I think we could see a very significant drop from here.