What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement. A rounding top represents a sell signal . The initial upwards...
Trend reversal might occur in USDCAD.. ..the idea is based on strong price movement and breakdown of the resistance level around 1.326. Joining bears from 1.32615 price with 1.3276 S/L and 1.3202 T/P provides R:R around 4.1 // Feel free to share your opinion/position via comment and follow me to stay updated.)
GBPAUD Short - Based on indicators and price action movements by Narati Traders
Good day today everyone, It's your host xR bringing you our continued analysis for this bearish decline. Let's jump right into it. We previously alerted you all of our sell signal at Ten Thousand, Three Hundred Ninty Three Dollars. We covered several signatures that suggested bearish market behavior. This week we'll provide you clarification for our expectation...
if the 4h keylevel is broken easily and the weekly tried and then maybe pullback on to the 4h for a second try and break of the weekly? that would be bullish. Otherwise staying out, probably waiting for the pullback on the weekly key level tbh
Overnight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.
Short Term Bearish will hit my orange zone, long term after it reaches the bottom orange zone will reach the top orange zone. After the completion of the bearish bat, we will see major bearish momentum on the pound.
Stunning 1H set-up on EURCAD, just got bullish confirmation on the closing candle of last week, will wait until spread is back to normal for entries. RR ratio is roughly 2:1.
Nice 1H ENGULF and breakout ! Clsoe to hitting TP.
Again it's finally that time - BitB is about to move in the right direction. As you can see we found our bottom around 30. This coin tends to pump when it moves and this is what we don't want to miss The market has been very dry lately and Bitcoin may predict the outcome of the coin. We are currently setting up for the same scenario chart wise prior to the last...
It looks like BTC price will have to decide where to go very soon. What's your bet?
Hey guys & gals! I want to get your attention to the recent advance of XRP. That coin is my Hollywood Star since I started with Ripple in the Crypto world and I sold most at x15-20 so it has profited me a lot. Anyway I've always kept some its my lucky charm and I have been following the coin non-stop ever since. Anyway here is a break down of the price...
Hello Trading Maniacs! Cardano is preparing for an outbreak very soon as you can see on the chart. 5 impulse waves to the downside finished with a nice ending Diagonal Reversal pattern. Shown between the blue dotted line in the right corner. Based on all other coins, who have had this pattern in the last couple of days, did the same as you can see in my other...
Bitshares for those who don't know, is a very promising altcoin... as you can see on the chart it's getting ready for a next bullish run! 1. A "rounded bottom formation" tells us we are entering a "market reversal". (Bearish to Bullish) 2. If we break "major resistance" it may retest it as new "support". 3. 'Buy-in' at around 0.205 USD // 'Take profit' at around...
I believe after looking and researching the ETHUSD chart that a price drop is imminent. I believe patterns shows a significant sign for price analysis, I try to line the most amount of technical pointers to come to my conclusions and only when they line up i'm settled to take my risk.