I am still not 100% sure if this pair has shown signs of a fake breakout, we will need to monitor the price on Monday and wait and see whether or not price wants to continue ot respect the ascending trend line or trade outside it again. Definitely one to keep on your watchlist, lots of potential for an upside move here. COT Data - 72% Short
We are currently seeing some pound strength again after the news that EU wont seek to suspend negotiations on Brexit. So I will be waiting for the daily close to asses whats next for GJ, more price action needed for now.
Week 37: 07 to 11 September 2020 FCPOX 2020 analysis Last week the price broke the resistance level, however it was not a clean break. It means, it was not really a sign to be bullish yet. We are anticipating two possibilities: The key to observe is RM 2,740 - 2,750, we will see the behaviour of Price Action in this area. (1) If the price bounce at RM 2,745...
We won't be trading today but this is a potential setup you could take. We may have witnessed a fake breakout of the ascending channel on the 4HR time frame. It is possible that the price could now decline aggresively.
High risk fakeout sell setup. Against the 50EMA (Which its reacting to on the 1HR now) so it's high risk. Also against the overall trend.
After making a nice trend higher on the daily chart, price has stalled into a sideways box pattern. After trying to make a breakout higher that ended in a fakeout, price is very much stuck at the moment. The best play looks to be to watch this pair until price makes a clear break out of this congestion and shows some clearer price action.
According to supply and demand , the price fly from demand zone to this major supply zone and possible fake out could be recognize ,THIS MAY BE A POSSIBLE POSITION
Price attempted a breakout higher in this pair last week that turned into a fakeout with a daily bearish 2 bar reversal. Price was looking to breakout higher and through what has been a tight ranging period. Now price has moved back lower into the range, more sideways price action could play out. In the short-term the intraday price flip level we discussed last...
Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! BTC/USD: Daytrade-preparation Market-Sell: 11870 Stop-Loss: 12500 Target 1: 11200 Target 2: 10895 Target 3: 10425 Stop-Loss: 630 pips Risk: 0,5 % - 1% Risk-Reward: 2,33 LEAVE A LIKE AND A...
is it fake out? or real break out from triangle?
This one's TA played out like true poetry. I was on my way to post a chart of an exciting double bottom pattern on the TOTAL2 (altmarket) chart and it brought back up some charting I had done on a head and shoulders (in yellow). I was saying in previous ideas over a year ago when we originally formed this big h&s patterns that based on how illogically low the...
In my last analysis, I was a bit devided by the price action of Bitcoin. Bitcoin broke in and out of its triangle whether it was bullish or bearish. We spotted 2 false breakouts on the downside and one on the upside. When the price was at the support line of the triangle, I said that Bitcoin had a 55% probability to rise to resistance and possibly break it. Right...
After a, now confirmed, fake break out of the support, I expect the pair to re-test the support and break out of it's current range
As DEXes trading volume approach or even exceed that of centralized exchanges, speculators are pushing up the price of DEX tokens. AirSwap has the market cap of around 35 millions and is a speculative DEX token that has a lot of upside potential. Long now or wait until the weekly S/R lvl is successfully retested.
MakerDao, Compound and Aave are the three major lending protocols in the DeFi space. I think LEND has run its course and there are better coins to speculate on since it has already gone up more than 35x this year alone. It may be facing a major pullback soon. Even so, it is never a wise idea to short a high momentum coin until the trend is clearly broken, which...
how many diag breakouts lead to fakeouts and dumps with bitcoin, it would be ultimate trap for moon boys to 100x long into a supernova style dump and rinse scenario