In this chart we have spotted a DOUBLE TOP and we precise an entry accordingly. There is a slight Divergence spotted, which might be a chance of reversal.
In this chart we see a series of HH & HL and at the top point we spotted a DOUBLE TOP with no new HH. On that basis we have decide to take a short entry.
The BTC/USD 2-hour chart suggests a potential double bottom pattern forming. If confirmed through a price breakout above the neckline, technical analysis indicates a possible rise towards $74,000-$76,000. The recent market correction instilled fear among investors, leading to a price drop. Many analysts are currently predicting a price target around $58,000.
Hello Traders ! On Monday 11 March, The CHFJPY Reached The Support Level (166.798 - 167.394). The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken ! So, I Expect a Bullish Move 📈 I'm Waiting For Retest... --------- TARGET: 169.210🎯
In examining high timeframe setups for SKL on Coinbase, I was initially drawn to the notable trading volume, a key indicator of market interest and potential trend shifts. Upon further analysis, an Adam and Eve pattern emerged on the chart. This classic pattern in technical analysis signals a potential reversal from a downward to an upward trend. It features two...
Just an update on the pair...Looks like price is respecting our HL area hopefully preparing to break the LL areas..Currently have positions open on those levels (Trade 3)
The much anticipated ARB cliff token unlock (on March 16) is now behind us. Are clear skies ahead? The Weekly ARB/BTC chart sure looks interesting for double bottom potential.
DXY Bearish Medium Term Double top is about to be formed but not yet confirmed. Invalidation should be at $103.55. Double top is being formed at the resistance of BIG Bearish Flag
If Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history,...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 The market keeps correcting, after setting a new higher high higher close on a daily. Ahead, I see an important confluence zone based on a major rising trend line and a horizontal structure support. The next bullish wave may initiate from there. ...
Hey everyone, I've been diving deep into Bitcoin's price movements lately, and I've come across a fascinating pattern that I believe is worth sharing. You see, when we look at Bitcoin's historical data and chart its price trajectory, it appears to move within what we can call a 'channel.' This channel represents a range within which Bitcoin's price tends to...
Hello All, The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)
Sell Below 356 Target mentioned in the chart Hello All, The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year...
Price formed a double top at weekly resistance, looking at the daily timeframe price closed and rejected daily 1.08950 so there is high probability to see price drop at this level. I will be looking to sell at current price as an aggressive entry and setting my stop loss above Friday's high. trade type: swing/intra-day
A clear DT in #EURJPY Daily and confirmed it by retest the neckline.
GBP/NZD is currently at a very strong resistance zone between 2.09700 and 2.1000. At the same time, it's a rebound zone with a 61% Fibonacci level from the highest peak to the latest low. It has attempted to break through several times but hasn't succeeded so far. I expect it not to break this zone and to descend again to the support zones below at 2.06400 and...
It seems this is my fav pattern :) Well, I guess this is Double Top pattern on BYBIT:1000BONKUSDT.P chart which is formed already and is going to the target prices. Here I marked up 2 scenarios: - conservative: orange lines - optimistic: blue lines.
#OM/USDT #Analysis Description --------------------------------------------------------------- + I'm seeing clear RSI divergence pointing towards bearish price trend for the OM/USDT + Also the chart looks like the price has reached double top pattern which is a bearish pattern. + Overall there is a short trade opportunity if we trade carefully....