So obviously ETH is going up along with the rest of the market, but this offers good targets to take some profits. Whether you measure the shoulder depth, or the entire H&S depth, it matches up really well with the $440 and $480-490 resistance levels. I expect a pullback at both of these levels, but of course ETH will go much higher in the long term.
MVIS is forming long term setup for bullish break at 3,01 with "Cup and a Handle " nice formation.
Not investment advice. Take your own risk please.
YFI has made a good volume recovery. I will be waiting for the 8hr retest of the closest S/R line and a good resumption before going long. A safer entry would be the retest and resumption around the 21000 S/R line. It would also be above the EMAs at that point.
Inverse head and shoulders signals conclusion of down trend. Place your buy orders now with a stop at 330. Going up, up and away.
If you want a safer entry, wait for the 8hr retest of resistance at 21000
Hello guys and girls, hier is my idea, I think for all of you who are familiar with the head and shoulders pattern, you know how to read my drawings on this chart. I'am already short on this one, maybe a little bit to early, but we will see. Pleas feel free to share your opinion about this trade in the comment section. With best regards, Jens
Looks to be forming several bullish signal. Good place to buy would be that ~$550 support level. If you missed the wick off there just wait.
If the channel fails from below, the sales profit can be opened. Sell and buy And if you move up, it is a good buying position for the deal
We got price holding at weekly demand i had drawn up ( green zone ) and is creating support as you can see on the 1 hr timeframe and the 30 minute timeframe as well .Price can either break demand retest and follow through or reject and go to the upside , from what i see im leaning towards the idea of price going towards the upside BUT , you can never be to sure ,...
Anyone else see a potential short for AUDCAD ? , Personally not entering this trade as it doesn't fit my trading plan but It's looking like it could break that demand zone I have marked and make its way to the downside , could also be an overshoot and make its way back to the upside , who knows ? all you can do is take the hints the markets give you and create...
RESULTS... COOL TO SEE.. LONGING BELOW DAILY & SESSION OPEN.
TF: 8 Hr Possible H and S formation on the 8 hr TF. This has formed after a strong rally, and price may due for a corrective pullback. I think a retracement to the .318 looks like it may be a good area to look for longs. This retraement area offers a few bullish confluences: 1. Area aligns with with a former broke resistance zone; 2. The 0.382...
(Patience) Break and retest on bitcoin for weekly wick fill. TIP: It’s kind of an obvious setup so I think you’ll get that big wick (that BTC frequently does) to hit SL on people already in a buy position or a close below support to fake out people trying to sell, then a close back above the support for the move.
I try to use Fibonacci Retracement to find Support and Resistance then use Trend Lines and now i have 5 Scenario in different color! I think the RED and BLACK is going to happen means 7700$ and 7100$ !!! By the way if BTC go upward First target can be 11300$ but if BTC go downward one of the 4 remain scenario can be ture