Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price some time ago fell to the support line, which coincided with the 29500 support level, and soon the price bounced up to the 31200 resistance level, thereby breaking the current resistance level. But in a short time BTC started to decline and a few time later...
XRP / BTC – Weekly Performance Time Analysis A stark realization looking at this chart is just how long bear periods are for the XRP/BTC pair suggesting that you are better to hold BTC until a buy trigger event occurs for XRP. The POC is a vital area to watch (explained in the chart). If we find support above/on it, we have room for major upside as there is...
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see how the price some time ago bounced from the support line and made a strong impulse higher of the 1845 support level, thereby breaking it. After this price made a correction to the support area, and then rebounded up to the 1965 resistance level, which coincided with...
I normally don’t put too much faith in 4 hour timeframe chart patterns, however should this 4 hour chart bull pennant hold up the bullish breakout target is around $1.10 . As of now it does look like it’s about to break upward, however being a smaller time frame like the 4hr chart there is still a chance this could be a fakeout and the real chart pattern is much...
This chart shows a bullish pennant on the daily chart of the USD/JPY currency pair. It can be used as a trend continuation pattern in case of the price closing above the upper border of the pennant part. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (141.208), it is placed at the low of the...
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see how the price recently bounced down and fell to the support line, thereby breaking the 235 support level, which coincides with the buyer zone. After this BNB at once bounced of the support line and rose to the resistance level, breaking the support level again, but...
My Analysis on Gold: 1) Reach a monthly high 2) Retraced on a FIB ratio between 50% and 61.8% 3) Had a breakout from a bullish pennant and also made a retracement NB: These confirms our bullish sentiment on Gold. FOR ENTRY: AN AGGRESSIVE TRADER can enter with a good candle pattern from a lower timeframe (1H, 4H) and volume confirmation. A CONSERVATIVE TRADER...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few time ago price moved inside falling channel, in which it traded between mirror level and support area. And after Euro declined fell to support line, which coincides with support line of falling channel, it made upward impulse. Euro rose to $1.1120 level,...
(10/1000) Confirmed Bullish Pennant pattern for AVGO. 29.16% possible gains. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 and climbing 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in blue 8- Descending volume during flag forming 9- Volume during post forming 10- Break out...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price declined to support line, thereby breaking support level with support area inside falling channel. After this, BTC bounced from support line and made strong upward impulse to current support level, which coincide with support area. As well, price...
Descending triangle forming on 1hr & 5 min time frame. Be on the lookout for the breakout!
Bitcoin is forming this bullish pennant on the daily chart. The price has been inside this pattern for a month, and it's time for a massive breakout! The next stop is around 34k because of the 0.618 FIB extension from Wave (1) to Wave (2) and we can hit this target next week. After it, a pullback is likely, but continuation of the uptrend to 39k is in place as...
After consolidating for year and half BEML has finally given breakout. This chart came on my attention in Sept 22, however, the SL is hit. Now again it is showing the strength to trade under blue sky. This is a very good opportunity for an INVESTOR. BEML is Government's one of the largest Heavy machinery unit. Target mentioned here are medium term targets. Long...
USDJPY left a lot of unmitigated levels while on this uptrend and began breaking flags(corrective phase) to the downside indicating a lot of selling power the pair is gaining.
Btc forming a pennant pattern let's see which side it will break if the pattern breaks up side easily we can expect 30500 and the other side it break down means we can reach up to the 29400 mark again . . . . . . . DYOR !!!
(6/1000) Bullish Pennant pattern for ATH on the Canadian market. Not confirmed yet. Pros: 1- PPS above 50MA and 200MA 2- RS above 0, but just a little 3- R/R ratio above 5 4- 250RSI above 50 but flat 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in blue 8- Descending volume during flag forming 9- Volume during post forming 10- ATR...
equilibrium triangle buying third lows as part of methodology
UBER on the 15-minute chart this week has printed a small bullish pennant pattern then continued into another larger print of the same pattern. The Price Volume Trend Oscillator went red to green as the initiation of this trend over the past two days. Trading volumes have pushed prices and are in the range of double the moving average. The zero-lag MACD...