This week is going to be huge! We have this head and shoulders pattern that is ready for a massive breakout. I give it a 70% chance of breaking down and a 30% chance of breaking out of this pattern. The most important thing is to let me know in the comment section what you think about this upcoming crash or pump! Up or down? Bitcoin is on the road to 20k and...
FX:EURGBP is under resistance pressure.There is clearly either a weak buyer or a rather strong seller in the market. Regarding the limit support area, the price continues to push. I noted the important level of 0.8541 and 0.8521. And also an important pattern - descending triangle. The support area of the pattern coincides with the area of the limit support....
GBPCAD in the format of a global ascending price channel forms a setup that may resume upward movement after a small stagnation in the flat format TA on the high timeframe: 1) The market is in a bullish trend. Consolidation is forming above 1.71000. 2) The liquidity area on the support side may not let the price down, but on the contrary, push it up and make the...
BINANCE:BELUSDT feel better than the same BITSTAMP:BTCUSD which is preparing to fall. The weak market and red bitcoin speaks volumes, but at the same time there are coins in the market that can show good potential On the BINANCE:BELUSDT chart, I pointed out the descending triangle and we see the breakdown of the main scenario and purpose of this pattern....
Hey traders! 👋 PERP/USDT just made an exciting move that caught our attention. 🚀📉 Chart Analysis: We've been tracking PERP/USDT for a while, and it's been forming a descending triangle pattern. This pattern typically signals a potential breakout on the horizon. 📉📈 Today, we witnessed the anticipated breakout to the upside! 🚀🚀 This bullish move is certainly...
BINANCE:OCEANUSDT is making a liquidity shakeout from the support side. This maneuver gives a reserve of energy within which the price overcomes the resistance and breaks the wedge As bitcoin tests an important support area (25000 zone) and then forms a bullish momentum, the altcoin market starts to react accordingly. For us, it is important that bitcoin's...
BINANCE:CVXUSDT against the backdrop of COINBASE:BTCUSD , which has been falling for a long time and finally stopped, is forming a rather interesting consolidation near the wedge resistance. The coin on the chart is testing the bottom at 2.417, after which it forms a decrease in volatility and consolidation, within which the coin is creeping up to the trend...
Since printing a SL on 2023-08-18, AMEX:SPY had retraced 38% of the 2023-07-23 decline. Selling pressure remained heavy; though three of the four candles were positive, every bar dipped into the body of the previous bar approximately 50%. So while it seemed like a BTD, it did not seem like there was market consensus prices here were too good to pass up. We have...
For a daily swing trend, At 4H time frame there was a breakout for inverted H&S & descending triangle pattern. From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively. Both the risk : reward ratios are good. If my description is confusion please watch the...
CADCHF is in a strong bearish trend, as the D1 chart tells us. Price is forming a retest of strong support, which prepares the market for further decline TA on the high timeframe: 1) Support at 0.64863 plays an important role for us 2) The liquidity area is under intense attack from buyers. A break of 0.64888 - 0.6475 area will form a strong downside momentum...
In the shorterm, we can wait for the breakout of the descending triangule. SL: 25997 TP: 26200, 26400 Risk: 0.01/0.1/1 small/medium/big accounts.
FX:CADCHF under trend pressure is forming a setup to continue the trend and update the global lows. The currency pair is in the bearish phase. The price continues to decline and test the strong limit support line at 0.64990. A descending triangle pattern is forming on the chart, which can be interpreted as pressure from dynamic sellers on limit buyers at...
Gold against the background of a bearish trend is forming a setup that could reverse the price direction. The bearish trend, with a small degree of probability can stop TA on the high timeframe: 1) Price forms a retest of 1902.87 after a month and a half. The price will not break the level from the first time, most likely a rebound may be formed 2) A sideways...
BINANCE:OCEANUSDT forms a bottom at 0.1208 and forms a false breakout. After formation of the formation, the price rallies and goes into consolidation in the triangle format After retesting the triangle resistance on July 22, the price forms a small correction after which the price forms a pre-breakout consolidation near the upper boundary of the formation....
Hey traders! 📈📊 Exciting updates on the $UNFI:USDT chart. 🚀 It seems a descending triangle pattern could be forming. 📉 This pattern features a horizontal support line and a series of lower highs, indicating potential downward pressure. 📌 Symbol: $UNFI:USDT 📅 Timeframe: Weekly 📊 Chart Pattern: Descending Triangle 🔍 Pattern Description: The descending triangle...
Gold is testing a new low and updating the low. Price is forming a bounce and testing trend resistance, but more likely another decline may be formed which will further weaken the price. TA on the high timeframe: 1) We should consider 1902.87 as a medium-term target 2) Yesterday's daily candle formed a strong enough signal to fall - a shakeout was formed (a...
OANDA:XAUUSD is testing a key liquidity area after breaking triangle support. The price updates the global lows and confirms the presence of an ongoing bearish trend The price fails to reach the support at 1912.7 and forms a rebound. Most likely the target of 1912.7 is still valid, but before the support is retested the market needs more liquidity and for this...
OANDA:XAUUSD is forming a setup that can accumulate the potential to continue falling. The price is testing local support and forming a rebound before further decline The global bearish trend continues to develop. The price failed to pass through the 1980 area, forming a false breakout of the resistance area. A downward price channel is formed on the chart,...