What about REN... To my surprise not only the technical looks great but also the fundamentals in the essence of the TOTAL supply of tokens.
Check it on coin market cap and you'll see the total supply is fully diluted.
The Megaphone pattern normally forms after major market moves and is a projection of a market that is out of control and unusually...
Hello my beauties.
I think BTC/USD has the chance to go back to the top of the megaphone it's in. It went into overbought during the formation of the higher end of this pattern, now it has recovered from an oversold condition.
The stochastic is diverging, so is the RSI - when the two indicators diverge together, it's normally bingo - and I believe we could long...
I have two megaphone patterns on 4H and 1H. Megaphone pattern is identified as Bulls & Bears in price disagreement. It can be a bullish or bearish pattern. Today I'm defining it as a bearish pattern because of a few reasons.
We have bearish divergence on 4H where price is starting to lose momentum for higher highs.
There is also a Head & Shoulder pattern into...
ETH has been on quite a run lately based on fundamentals moving from $1700 up to the price of $2400 in the past 10 days, however the price has been consolidating within the current price for the past few days. This is never bad as the price needs some time to create more support and to rest so it is not seen as overextended leading to a sudden drop off top.
On the DE30, price is respecting the non horizontal supports and resistances since many weeks.
So what do we have on this one ?
1. Non horizontal Support: The price is retesting now for a second time our yellow support meaning that we should look only for buy setups on the short term. So let's dive in to see what are our possible opportunities.
The price of the oil got rejected 3 times and in 4th time got some consolidation and broke the upper side resistance around 66.00. We can see a megaphone structure (Bullish megaphone structure).The retest of the upper side trend line will be a good entry point. Expected target would be 70.00stope lose can be placed below 65.00 level
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE AUD / USD PAIR WHICH IS CURRENTLY TRADING IN A BULL FLAG CURRENTLY RANGING WITHIN STRUCTURE LOOKING FOR CONTINUATION.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align...
Currently, I see a potential Bearish "Megaphone" pattern or potential Bearish Broadening wedge. Short-term bearish assumptions for the gold price are the potential targets 1, 2, and 3; that's the strongest support.
If the price can break out and close below the potential target 3, I reckon XAU/USD will keep falling to retest the...
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Hope everyone is good having a good one its still a new week lets see how it goes, Here's a look at the EURO / DOLLAR from the 4H
* The pair has been trading in that MEGAphone / descending channel respecting structure to an extent the structure has held.
* The pair has been trading around 1.19, up from the 2021 lows of 1.1836 as US...