Heres a quick idea INJ looks to me like it is in a diamond pattern. Top trendline of the diamond is around $9.75 Just needs to flip this resistance to support at around HKEX:9 Smaller timeframes starting to show some signs of inverse head and shoulders and a bull divergence on the 5 min TF Laterz dudes :) peace and love
diamond continuation/top/bottom patterns are rare and hard to spot, best used with other indicators or analysis tools etc. when price breaks out of the diamond it can signal continuation of previous uptrend (or mark tops and bottoms). to measure the move take the high and low and you can take that distance from the break out as an estimated target, break out=...
Crypto Total Market Cap formed a diamond pattern in 12H TF. This pattern has just been broken out. CMF values had also broken out its trendline. It's likely that the continuation is confirmed for Total Market Cap. The target woule be +5% the next days. This 5% up is not much but would be very interesting when looking at the current position of Total Market...
BTCUSD reached further the supply area in overbought condition. A potential decrease of 7% can occur if the price action interact with the anchored VWAP from ATH. This potential movement can ignite an impulsive 5-wave bearish exiting of this big diamond pattern, which is likely complete. Fisher Transform suggests the direction of the price action in 2H and 1D...
As it's evident on the chart we are facing the top diamond pattern on the chart which occurs when the prices are at their top and the reverse trend is going to be expected from these areas, so be careful if you have any position and set your stop loss If the trend changes, we will see at least a 5 to 6 % decrease in the prices. stay safe ! and wish you much money...
I'm seeing a diamond pattern on $ETH. From my knowledge where diamonds enter they in most cases exit. I still think there is a small possible bounce to the highlighted circled area around the 1770 area then down. My thought is that the price target down is between the 2 green horizontal lines at 1650-1625 area with a possible extension down to the 1580 area. Why...
Looks like the diamond pattern has broken completely and price project is down to approx 25 - 23. Coincidently the june 16th $23 puts have seen massive action yesterday (3/16/23) and today 3/17/23 Do you see what I see, yes or no, any thoughts otherwise or in agreement?
Wave Analysis combined with price action and chart pattern trading: > A potential minor 1-wave descending triangle breakout scenario with ABC falling wedge retraced 0.786 fibonacci level > After recent uptrend diamond breakout above SMA200, now assuming a possible upcoming bullish divergence FAKE BREAKDOWN minor 5-wave to complete the reversal pattern for...
The price action is printing a peak formation making an iv wave of a potential expanding diagonal ending. This contractive path suggests a possible diamond pattern to be formed, in which structure price can form a counter triangle. The expected swing down tends to led the price to extend an 2.618 Fibonacci ratio of a potential Harmonic Bat C-D leg @ pivot support...
COINBASE:ETHUSD ⏰ TimeFrame 1h 👉 💎 Diamond reversal❓ or continuation❓ ✔️Logarithmic (Log) Chart
At the start of February, SPX saw a number of "affirmations" that the uptrend was underway: 1. broke up and continued to trade above it's longer term trendline resistence 2. traded above its 200 day MA since 24th Jan 3. followed by a Golden Cross on 1st Feb However the month of February began to see momentum evaporate as the index began to pullback below it's 20,...
Ahoy, me hearties! Let me tell ye a tale about a man named James, a swashbuckling trader who sailed the seas in search of the finest diamonds. James was a master of the diamond top pattern, and he knew how to read the tides of the market to make a profit. When he saw the pattern confirm, he hoisted his sails and set a course for treasure. His crew worked...
waaaSUP everyone, i thought i would share this one, I was charting away and drew the wedge channel BTC is in. The white trend line is from body of the candles the blue is from wicks of the candles. If you notice the blue trendline of the wedge has hit the last wick bang on You will also see the bear flag that BTC is currently in ready to go somewhere, It...
Bullish for now .The previous ceiling or even higher, offers and requests, macdi is a great place. And I see support in Macdi. ,
After breaking the lower support line in the diamond pattern and exiting the price from this pattern, a sell decision is issued. In such situations, you can open the shorts position. The price target after the pattern is broken from the bottom is the same as the highest to the lowest price within the pattern, but sometimes the price chart may see higher prices...
Diamonds are a very deceptive pattern in addition to the cryptocurrency market. Sellers in this area are misled by the fact that this deception provides a lot of liquidity to institutions and major investors in the market. A diamond pattern is formed when it is broken, QMed (price engulfs it). That is, for example, H, L, HH, LL, HHH exist. In the diamond pattern,...
The markt has been more bullish than bearish lately. However it is getting overbought in the near term and a bearish divergence is now seen on the daily chart. Hence some pullback from here will not be too surprising. Bearing in mind divergence usually result in only a short term trend change lasting several candles. I am looking at possible near term SPX...
Let's see how this turns out. Highly manipulated ATM, on the macro I'm bearish. Currently, however, a FOMO pump to 22.8K may be in the cards before this thing goes back to structure & back to bed. Be safe, be strong, be wise :) **If you have patience, strong hands, and like scoring wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired...