PPT looks good on higher time-frames - Moving averages are ready on bullrun.
In the chart you can see Bullish Gartley pattern with Potential Reversal Zone between 1340. and 1353. sats., price can bounce from this zone quickly so you can watch for good entry. Targets for Gartley pattern are in the chart - orange boxes within bearish channel.
You can buy some...
We have a bullish gartley on the 15m TF on the TNT/BTC.
The red lines are all old and recent resistances/supports.
TPs are on the graph, as always don't be too greedy.
SL: 439 (-4%) below support and fibonacci level
The “perfect” Gartley pattern has the following characteristics:
Move AB should be the .618 retracement of move XA.
Move BC should be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.272 of move BC. Consquently, if move BC is .886 of move AB, then CD should extend 1.618 of move BC.
Move CD should be...
The counter has formed a bullish gartley pattern.
And the down move is also overstretched. The RSI indicator is also indicates it by hovering around the oversold zone.
The pair is showing early signs of strength by the formation of morning star pattern.
Hence, we expect a pullback in the counter to the resistance of 1.61262.
I continue to be very interested in XLM. Referencing my previous post on XLM, the right shoulder of the inverse head and shoulders pattern ended up being very violent and broke through the neckline like butter on a rampage straight to 16 cents. Go XLM!! Woo woo.
Now Bulls are looking at where to re-enter into a new trade after taking profits and knocking it...
We spotted this together during Yesterday live session isn't it. It forms up nicely like what we have been waiting for.
On this 1-hourly timeframe, it is a trend trading opportunity but on the higher timeframe, it is a view as a counter-trend?
So what is your strategy in engaging this trade?
Stop loss and long targets identifed (eoy ?)
Don't hesitate to zoom in ; it's in order to see the whole picture.
I also identified bearish and bullish divergences on RSI (including hidden ones).
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What's going on everyone, I hope you all had a great weekend! Today I'd like to provide a short-term technical outlook on Binance Coin (BNB/USD).
BNB/USD is in the final stages of forming a bullish gartley 886 formation on the 1h chart, providing a trading opportunity with a 1:2.5 risk to reward.
The measurements for a valid gartley 886 are detailed below.
XVG is standing right above the Bullish Gartley's Stop Loss Zone, still in the Potential Reversal Zone. It is coming this major trendline ; Elliott Wave count with the help of RSI makes me think that XVG finally bottomed with a truncated 5th wave.
Let's note that RSI has also a Bullish Convergence.
Good trade and good luck everyone,
Bullish Gartley just completed. To buy now or limit orders on any small time frame buy levels inside the rectangle box.
Duration: Intraday trade or hold swing.
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