TIA have formed 3 strength Signs : Inverse Cup and Handle Double bottom Spring #Wyckoff Method Targets are marked using Fibonacci Far Target - the top side of the lateral Trend at 11.67 SL - 6.67 I am Just sharing insights and market trends for learning and growing every day and it is not financial advice.
Current market sentiment has been fairly bullish resulting in a great week for the top 10 crypto assets, however, we are still to see a snowball effect onto assets outside of the T10. Today I shall be discussing my perspective on the current Hbar market structure and why I feel it will be caught by the snowball to come. At the time of writing this report,...
Price has recently rejected support on multiple occasions, and a double bottom pattern appears to be emerging on the daily (D) timeframe. Additionally, multiple rejections on the 4-hour (4H) timeframe further strengthen our bullish bias. I expect the price to continue in a strong upward trajectory. **Rationale:** ~ Breakout of Descending Channel (D) ~ Retest...
CRYPTO:ADAUSD is creating price action like back in 2020 and we might see a rally soon. Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same...
hello guys. Let's analyze ETH! ✎ Current Price and Structure - Current Price: The current price of Ethereum is approximately $3,158.24. - Trend: The chart shows Ethereum in a descending parallel channel, indicating a bearish trend. ✎ Key Patterns - Double Bottom: At the lower end of the chart, a double bottom formation is seen around the $3,110 level....
Bitcoin is doing exactly the double test we predicted in order to rebound with bullish momentum. We could see Bitcoin between 68 and 70 again in the coming days, maybe next week. We are in the profit zone ! If you followed my analysis from weeks ago, you should be in the green with no problem! Congratulations!
Hard to say which one of these patterns are more likely to get validated at this point. Always a chance Bitcoin dumps one last big leg down from now until June in which case one last big capitulation dump could be enough to trigger the double top pattern here. However if the correction for bitcoin has already found its bottom then I think its a higher probability...
Using leverage when the markets are trading sideways/range is especially risky, since this is a prime place for algo trading to liquidate positions. Shakeouts are more common than you may think. The above example on the left is a perfect example of an extended shakeout over a multi-week period before the upwards price action starts. It is, however, important...
Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Ethereum (ETH) is currently showing some interesting signs on the 1-hour timeframe. Let's break down what we're seeing: Possible Double Bottom: The chart suggests a pattern resembling a double bottom, which can be a bullish technical indicator. However,...
Consider a compelling swing trade opportunity in Rossari Biotech , a leading specialty chemicals manufacturer in India, renowned for its innovative and sustainable solutions across various industries. Reasons are listed below : Price at Support Zone : Rossari Biotech is trading at its support zone, where it was initially listed, indicating potential buying...
The chart for Silver/US Dollar (XAG/USD) on a daily timeframe shows a bullish "Double Bottom" pattern around the 28.60 USD level, indicating potential reversal of the recent downtrend. This pattern suggests strong support, as the price has bounced off this level twice. The current price is approximately 29.038 USD. A significant resistance level is identified...
Fundamental Analysis: NSE:WHIRLPOOL Whirlpool of India has shown consistent financial strength, making it a top pick for this week. The company has maintained higher dividends for the past seven years, highlighting its commitment to returning value to shareholders. As a prominent player in the household consumables sector, Whirlpool benefits from strong...
The GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Double Bottom Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Double Bottom...
If you're looking for a buying opportunity on GBPJPY, focus on the double bottom retest zone between 199.62 and 199.37. Overall, I maintain a bullish outlook on GBPJPY. Key Levels: - Double Bottom Retest Zone : 199.62 to 199.37 Strategy: - Buying Opportunity : Look for entry points within the double bottom retest zone between 199.62 and 199.37. - Bullish...
4 hour chart comparison, negative correlation between Bitcoin and the Dollar Index. I'm still bullish on BTC up to 73k, but I think we'll at least see 67.5k with the way these two are moving, possibly a pullback below 67k to around 60-65.
I saw some other stocks of the same segment doing bullish patterns. We have a potential double bottom fighting with downtrend line resistance. I think is going to bounce back and forward between the 13.5 support level and the downtrend line until something breaks. The double bottom (inverted HS in the daily timeframe) tells me that the price wants to break up the...
DOGE got a memorable boost with the previous FOMO. With the Crypto Markets preparing for the next boom, I think this one will go again. This dog went to the Moon, now Elon's gonna take it to Mars. I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range. DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis: * Elliott Wave Impulse: Cycle A...
Cronos can go bust, but even so, it's on Sale. CROUSD / CROUSDT will go straight bull at one point. So, I am still buying these poopy coins on each major fall they have. Yeah, that's what I do.. putting my money into a black hole. My next good BUY LEVEL: $0.03 . Who knows, maybe I'll actually get rich. My Technicals on CRO: * Elliott Wave A-B-C Pattern *...