My analysis is fairly simple, I drew a channel in which price broke it and now coming back up for the retest.
I drew a fibs for the first double bottom I saw on the lower time frame(5m) so I can measure that expected pull back and entry. Price retested the 1.618 twice with confinred rejection and now price is following my fibs to the T so I am expecting a heavy...
In my previous analysis i showed a potential double bottom on the daily chart which has been playing out so far. The ideal entry, when the triangle would break on the low side, didn't happen. It simply broke upwards and continued the rally since. However, this rally has been very slow so far. It's not always bad, but at this point it needs to accelerate a big...
On the UK100 1hr chart we can see a double top.
I must say that this trade is for educational purposes since I don't spot this pattern that much.
The RSI, Volume and Price is lower at the second top which means the interest is cooling down.
The stop is placed at the last high or if you trade safe a little above.
To get better at spotting this patterns I'm...
been a long time i'm not charting because i'm in holidays. now i'm here today to show you guys how ASII stock will flow. as you can see on the chart, we've been double bottoming in recent 4H candles. i'm jumping in now on Rp. 7200 - 7250 area,waiting & swing the trade for a possibility the resistance breaking & start laddering profits on Rp. 7500...
Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy...
The chart is the long view on Ethereum, and boy-oh-boy it is hanging on by a thread. Price is trying to make a triple bottom historically and a double bottom of this bear market in the 0.0023-0.0021 range. Every time it tries to breakout it gets rejected at the downtrend resistance. Best guess says that the only people that could be selling this much coin would be...
Prediction : Long
Daily : The price is making a pullback, now it's near the previous support.
H4 : The price is on a support, we have some deceleration at this level.
H1 : We form a wedge, we can have some consolidation at this level, then wait for a clear break of the wedge.
we can see here how we have almost reach the first bullish breakout target on the total crypto market cap chart of the yellow 1 day falling wedge. we are now finding resistance right at the neckline of a potential adam and eve double bottom which is either a 1 day, 3 day, or weekly pattern. Considering we haven't yet hit the yellow falling wedge target and we...
BTC hit a top for a few days. Will go side ways and down a little bit to bring down the rsi a little bit. Then a quick pump up to 76-81 rsi and then a quick turnaround right back down to where we were a few days ago. 4200-4300 should be the top.
1) Falling wedge breakout
2) Possible double bottom
3) Both RSI and MACD bullish on the daily
4) Volume picking up, still lacking though.
5) Keep your eye on bitcoin as it influences the entire market.