BTC likes those head and shoulder patterns. Because traders like this pattern, especially the inverted head and shoulder type.
However, we should remember how often this pattern has failed in the past months. So many times, there was an inverted H&S structure in the making, and many times, it failed. It looked as if it would burst through the neckline, just to...
Goooood evening fellow traders!
Came across this setup on ADA and figured it would be interesting for you guys to see this.
ADA is currently trading rangebound, and not within some kind of TA pattern. ADA recently plotted a lower high (failed to gain a level) which is usually accompanied by a lower low before retesting. The green zone is my intended buy zone...
Steem is heading to the 13 k satoshis level which will mark a possible new move or the continuation of the up trend move that will take it closer to test the 14500 satoshis level. After that point it is not clearly if a new move has been made or there will be some pullback before confirming the new move. I've been closely looking at #STEEM price moves and it is...
Strong downside move coming for the GBPAUD based on the following criteria.
1. The orange diagonal line represents one of the harmonic positions of Jupiter. It acts as resistance.
2. Bearish Alternate Bat Pattern.
3. Bearish Shark Pattern.
4. 90-day cycle of the inner year - powerful reversal day count.
5. New Moon phase on the 6th (today).
6. Bearish Divergence...
As we can see on the chart there is a double bottom pattern on the EURUSD, we are placing our Buy Stop at neckline level ( a little above to avoid a bounce trade), we can also confirm this operation by looking at the ADX whe3re d+ and d- crossed giving us a reversal signal, our SL is placed at the second bottom and TP placed with 1,95RR ratio
Big guy on patterns, everything else is just noise. Right on key resistance, but it look like it's going straight through it 20 SMA is right there holding it up (the little sma that could). Could be an extra simple set up here for some fast gains. uc.
We had a strong dump on ETH last weekend as an immediate response to BTCs movements.
ETH is trading within an ascending triangle pattern in a bear trend, which is making the (usually bullish) pattern, more neutral when appearing in a bear-trend. It's a good pattern to have at a bottom as it's easy to spot a clear breakout and makes for a rounded bottom.
In EUR/AUD pair there is this major resistance/support zone on weekly and daily chart. Price has break the ''ice zone'' on daily and is closed above the structure. If we get a retest on 1h - 4h chart between fib 38.2-50.0 levels, there would be equal move then to orginal trend on the zone's top.
Gold monthly chart showing a recent break out of a large triangle pattern. There is strong support at the 0.61 fib, so ill be looking to make an entry after a break and re-test of the current resistance at $1345. My first target is $1545, and my second target is $1775.