- On the daily chart we can clearly spot a descending channel, which is very close to a bullish breakout!
- If you take a look at volume, we have a massive bullish volume spikes - always good to see.
- 200 weekly MA is actually acting as a resistance, but if the channel breaks up, then the MA will too!
- Due to my Elliott Wave analysis - 12345 Impulse wave...
Canadian Dollar/Swiss Franc forming a awesome Gartley Harmonic Pattern in H1 timeframe. The price it's move into this bearish channel and this it's another opportunity to short CAD/CHF. in that trade, I will put a sell order lmit to $0.7422 CHF. My Stop Loss to $0.7452 CHF and take profit of $0.7352 CHF. This it's an opportunity to find down 69 pips.
The H4...
- On the weekly chart we can see a falling wedge - bullish reversal pattern and the price is currently above the wedge!
- Due to my Elliott Wave analysis - we have completed an impulse wave successfully (12345) as you can see.
- Our profit target is 0.618 FIB retracement of the wedge or you can target top of the wedge if you think that the price can go even...
- We have a huge falling wedge on the daily chart, which can lead to a massive breakout!
- Also we can see a bullish rectangle pattern currently forming on the chart.
- You can buy breakout above the rectangle + wedge trendline (above 550 USDT).
- Due to my Elliott Wave count, we have a completed Impulse wave (1-2-3-4-5).
BINANCE:SOLUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$SOL has broken below the descending channel on the current daily candle.
So the major movement is expected to be bearish, But there's a formed bullish order-block at the current price...
BINANCE:BTCUSDT BINANCE:BTCUSDTPERP
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$BTC has reached the descending channel's bottom and so there're some similarities to check for...
Last time that $BTC has reached the channel's bottom ( Formed the...
The price is creating a descending channel on the 4 timeframes and now the market is getting the liquidity from the daily demand.
At 0.5 $ the price has a resistance.
How we can approach it?
If the price is going to have a breakout from the descending channel and retest the 4h resistance as new support, According to Plancton's strategy , we can set a nice...
Hello, today I want to analyse this token fundamentally and technically ✔️
based on the chart
the price is close to channel resistance, and we can see an appropriate amount of the volume for the price ✔️
if
this volume continues, and the price breaks the channel resistance to the upside, we can see more gain 🚀
this token fundamentally
has wonderful potential...
- If you change your chart to a LOG scale, you can clearly see a huge bullish flag on the weekly chart!
- It can also be a falling wedge, which is ofcourse generally a bullish pattern too.
- Next target is all time high, here we can expect some pullbacks again.
- Buy a breakout above local weekly high (0.18 USDT).
- As you can see - volume looks good, no bearish...
It appears as though ADN has broken flush to the upside of a descending channel which is drawn as two parallel declining lines drawn green on the chart, notice the rejection nearly exactly at the 200DMA.
On the KST there's a bullish cross where I've placed the green finger. More often than not when the KST gets this over-extended there's a sell-off immediately...
According to market signs, buyers are still reluctant to buy at this price, and today could be an opportunity for the bulls to try to push the price above $23,000, but I do not think sellers will allow this price to pass.
Start buying from below $16,000 to $9,000, increase the purchase amount at each stage of the fall.
META is down almost 60% in the last year and it looks like there are two possible outcomes from here.
Bullish scenario:
The current pattern is generally bullish and typically anticipates a significant trend reversal.
The Sentiment Index indicator shows a weakening in the Bearish Sentiment which could indicate that a more bullish sentiment could come next.
...
A descending channel has formed on the 4-hour chart of the CAD/JPY FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the...
Corrective structure possibly forming a descending channel within a major descending channel.
If price rejects at the third touch of the small descending channel , a long position will be favourable with a bullish impulse corrective structure.
The price is creating another channel below the daily resistance after the market retested the 18$ as I told you in my previous analysis.
How to approach?
The price needs to create a new breakout from the 18$ and retest it as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
...
