Bitcoin is facing strong resistance right now and is showing some clear bearish pattern.
I'm expecting price to continue the downtrend towards channel support if doesn't break back upwards.
Current Price= 9435.00
Sell Entry= 9400.00 - 9498.00
Take Profit= 9044.64 | 8706.24 | 8379.50
Stop Loss= 9612.50
Risk/Reward= 1:2.58 | 1:4.54 | 1:6.54
Expected Profit= 64.20%...
Binance Coin clearly broke-out this bearish pattern, now pulled-back is about to end, better prepare for downtrend.
We've got that blue Trend Line that was broken last week acting as support, but a breakdown would trigger lots of sell orders.
Sell Entry= 17.035 - 17.715
Take Profit= 15.445 | 13.807 | 11.025
Stop Loss= 19.306
Risk/Reward= 1:1 | 1:1.85 |...
Ethereum is at critical resistance here and I can see some bearish pattern forming.
There is still some place to grow up a little bit before dump that's why I'm using low leverage and large entry range.
Sell Entry= 193.62 - 200.00
Take Profit= 181.11 | 169.33 | 150.28
Stop Loss= 212.51
Risk/Reward= 1:1 | 1:1.75 | 1:2.96
Expected Profit= 23.94% | 41.88% | 70.92%...
Here we go again..
Finding support on the 8:1 Gann Fan.
A leg up to the 61.8% Fib Retracement would make sense here.. but I'm not seeing the momentum.
MACD is forming Bullish Crosses on the lower TFs, but again.. momentum is weak sauce.
IDK if I want to trade this one..
What do you guys think?
Hey all! I hope everyone is having a great Friday!
Price continues to move up towards $9.3 USD before getting REJECTED AT THE 100SMA (4HR). This rejection will send us down to find support on the 61.8% FIB RT ($8776) where we will consolidate before making a HUGE move UP.
ENTRY: SHORT $9195, TP1: $9K, TP2: $8.85, TP3: $8.785
Hello and welcome to my Trade Idea of the currency pair AUD/USD:
Lets start with the Top Down Analysis.
Monthly: Overall bearish, so we look for short Trades.
Weekly: The trend retraced itself after touching the weekly support. Now I think the retrace is complete.
Daily: We see a Trendline and again overall bearish momentum.
H4: We recognize...
Some Recent 15m price action analysis with Bearish Three-Drives Pattern . I think the SMA 100 will come into play after the next leg up. The SMA 50 is also standing by on the Daily, noted on the recent Bullish action Sunday Evening with quick profit taking. Bulls will need a great deal of momentum here to break SMA 50, 100 , and the Downtrend Line in place...
- After almost 1 whole year of trading inside a descending triangle we finally broke out to the downside and hit the 3000$ target with near perfection.
- Now we can see on the chart above Bitcoin could potential form a new descending triangle.
- After a weak correction to the upper side we topped out at 4245$, we formed a bullish pattern...
1 hour, 2 hour, 4 hour charts shown, 3 different indexes to confirm overall decreasing volume. I put $ES1! there as a "control" comparison
-Decreasing volume ever since hitting this price point (red rectangle zone)
1. Extremely likely we pullback Monday/Tuesday, Short term target ~$6400...
While ETH has seen a couple relief rallies in the past week, it doesn't appear to be enough to combat the selling pressure and the lack of buyers in this market.
Even with this most recent pump ETH couldn't muster enough buying volume to break out of this downtrend, and instead seems to have posted another lower high for a large descending triangle that can be...
GBPNZD is forming HARMONIC PATTERN - BEARISH SHARK on H1 Chart with Overbought ratios
and it's expected to reverse,
and Hence we'll be shorting GBPNZD with these preferences,
GBPNZD - SELL NOW
STOP LOSS - 1.94672
TARGET1 - 1.92368
TARGET2 - 1.91389
More updates will be posted under this thread,
have any doubts? then, let us know in the comment...
here on the Brent OIL we have a Bearish AB=CD pattern. it is an 886 "C" point of the retrace of AB and it is a BC Projection of 1.13 and the ABC extension is completed nearly on top of the BC projection as it should! we shall see what happens!