The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
On 4 days chart priceline of Stellar / US Dollar cryptocurrency has formed a bullish CRAB pattern and entered in potential reversal zone.
RSI is oversold.
MACD is turned weak bearish from strong bearish.
Volume profile of complete pattern is showing less interest cryptocurrency trading at this area.
I have defined targets using Fibonacci sequence:
Buy between:...
A bullish deep crab setup within the buy zone, the latest candle that you have seen on my LIVE data did not close below the low of the low price that touches Point D, hence it is still considered to be a long at the buy zone.
With the above definition, the market still is a trend trading opportunity. Yes, you hear me right, trend trading.
Priceline of Chainlink / Bitcoin cryptocurrency has fomred a bullish CRAB and almost entered in potential reversal zone.
I have defined targets using Fibonacci sequence:
Buy between: 0.00021167 to 0.00020197
Sell between: 0.00021920 to 0.00023743
Regards,
Atif Akbar (moon333)
Priceline of EOS / US Dollar has formed a bullish CRAB and entered in potential reversal zone.
From here the price action can take bullish divergence soon and hit the sell targets insha Allah.
RSI is already oversold.
I have used Fibonacci sequence to set the targets.
Buy between: 3.4192 to 1.9856
Sell between: 4.5315 to 7.2241
Regards,
Atif Akbar (moon333)
Priceline of Pundi X / Tether US has almost completed bullish CRAB pattern and entering in potential reversal zone.
RSI entered in oversold.
MACD turned weak bearish from strong bearish.
Volume profile is showing less interest of traders now.
I have defined targets using Fibonacci sequence method.
Buy between: 0.00039450 to 0.00017400
Sell between: 0.00056593 to...
Is not just a crab pattern but a deep crab pattern with a type2 bullish bat within the buy zone.
A great consideration for a trading opportunity but I will leave that decision to you.
Happy Friday.
A bullish crab pattern setup for a countertrend trading opportunity. The retest of the support line nicely touched the previous support and rebounded.
Traders who have missed this entry can wait for a retest of support of low of the candle body to engage the trade.
USDCHF formed blue bullish Shark pattern and currently it forming Bearish Deep Crab pattern or bearish alternate 1.618 Butterfly pattern. Watch for short execution in the red boxes.
The priceline of Nexus cryptocurrency has formed a bullish CRAB pattern and entered in potential reversal zone after completion of D leg.
The RSI is oversold and MACD turning bullish fro strong bearish by giving weak bearish signals.
We have a strong support at 0.00002141 sats which is not broken since 2016 and price action has hit this support last week and...
What's going on traders, I hope you've all had an excellent weekend.
Today I'm bringing you a trading setup that I've been watching unfold over the last few days, and now things are starting to fall into place as price has just re-tested the previously broken support at $10,310.
If you're a long time follower of my ideas you'll know that the majority of my...
Sofar the priceline of Ankr / TetherUS has completed all legs of CRAB pattern with required Fibonacci sequence so I am expecting the last leg will be completed accordingly.
As per Fibonacci sequence the targets are:
Buy between: 0.00410 to 0.00378
Sell between: 0.00435 to 0.00495
Regards,
Atif Akbar (moon333)
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