Hello fellow trader,
I am very new to crypto trading and really need some ideas and insight. Please rate my graph from 0-10 , and if you are welcomed to drop any ideas and comment so I can improve myself.
May the force be with you
The main trend of CHZ is upward, however in the last few days, we had a sharp drop forming descending tops.
It doesn't seem likely to break out the recent downtrend (2) before reaching to the main trend line (1)
*** These are my personal opinions and were prepared amateurish. Not financial advice.***
Scenario 1 : If candle tomorrow open above gap and close above gap with high volume, island reversal pattern is completed and price will fly high.
(This is a rare and strong signal)
The gap will be filled first before price continue climbing
If candle tomorrow open below gap and close below gap with high volume, reversal candle pattern...
1. Gap up on 1st Sep followed by higher price with high volume on the next day made the 0.08-0.085 area a strong support.
2. Coincidentally, daily EMA50 line is also now at 0.085 area make it one of highly congested area.
Scenario 1 : The price will testing support before bounce back (BULLISH)
Scenario 2 : The daily candle will fill the gap between 0.08 and...
I am still learning the terms but I think I understand the patterns, this looks like the market is currently stagnant in the middle of consolidation. Before this it was in a downtrend and I do not think it is going to keep going down. I am trying to capture 20 pips only and looking for the best entry, where to place stop loss and where to place take profit. I...
Market currently in a downtrend on the hourly from the weekend close came to retest the 38.20 % broke through to retest and bounced from the 23.6 fib level which happens to be the crown of the Head and Shoulder potential move
4 HR and daily say head and shoulder pattern for confluence .
Market is available with bullish momentum in previous daily candles for...
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