Target >> 40 - 51 USD Stop << 17 USD yeap, it will be the return of the dragon... chinese one: NEO. pbs.twimg.com
Another dragon pattern idea similar to the one we saw play out back in July prior to the inverse head and shoulders.
lets see, what happens.... i've just begin to exercise on this pattern.
This trade was brought to our attention by Tex3rdgen from the strike-trader-signals-chatroom. Here is his comments "I'm seeing a very definite Dragon Pattern on EURUSD daily chart. For those who haven't heard of it, it is a reversal pattern, it looks left with head at the top of a typical long neck with front feet lower than back feet with a hump in between. ...
He likes steak. Bull or Bear... Doesn't matter. Nom nom nom! Best of luck traders! Cheers
BNB/ETH is drawing a beautiful Dragon Pattern. Adding the fact that Binance is going to be one of the main crypto/altcoin exchange, the price should surge very soon. just now.
After a meteoric rise, rallying over 1000% in the past month alone, it finally appears to be forming a dragon head consolidation pattern. We’ve dipped as low as $0.62, but tested and rejected a Fibonacci level at $0.68. We are still testing the upper bound of the KRI, and are currently seated there at the time of this writing at about $0.74. Technically...
After the retracement predicted in this newsletter, Neo appears to have solidified its footing in the $100 handle, at the time of this writing, sitting at about $100 exactly. We appear to be consolidating and will likely form a dragon head pattern, all too familiar in cryptocurrencies. We are still testing the upper bound of the KRI, which should provide...
EOS, like many cryptocurrencies faced a setback with the Santa Claus effect, but looks primed for another breakout. It appears to be in the consolidation phase, the fourth and final phase of the dragon head pattern. In Cryptocurrencies, a breakout is a virtual certainty with this pattern. We appear to be in the first segment of a new Elliott Impulse wave, so...
Ripple still appears to be consolidating in a dragon head pattern, finding support around $0.70 a psychological level which coincides with a Fibonacci level. Clearly some retracement should be expected after XRP’s breakout in mid-December. We anticipate further pullback, optimally to $0.52 or so which corresponds with a Fibonacci Level and the central moving...
As noted yesterday in our newsletter, IOTA was indeed coiling up for another breakout as it rejected the central moving average of the KRI, and broke out from the dragon head pattern, testing the upper bound of the KRI before letting up steam. It seems IOTA is a bit ahead of the other Altcoins in terms of the Elliott Wave. It appears to have completed the...
Potential Dragon Pattern. Hump hit 0.382 FIB (HH-LL). My main entry signal will be a bar that closes above the yellow close-to-close trendline. www.tradechartpatterns.com
Long the dragon
Buy on broken trend line retest or 38,2%-61,8% retracement of last leg up.
- We can see some confluence on market profile information along with the harmonic pattern. - Big room for a movement down if we break the current Point of Control.
USDMNX currently in consolidation. bearish bat pattern has formed (blue). may lead to potential bullish bat pattern (rose). targets for dragon pattern on chart. watch price action and structure to determine entries. trade with care.