IF you are an Elliott wave trader, you have to confirm that this is a valid EW count. As per my Elliott analysis, this impulse wave (5-3-5-3-5) has been completed successfully together with major ABC correction from 2021. On the daily chart we can spot 2 parallel channels and they are both close to a breakout, so with this confluence we can increase our...
Elliott wave analysis on BNB was really hard, but this is my outlook on the 4h / daily chart. Don't forget that BNB on the weekly / monthly scale is extremely bullish, so we should follow the main trend. We have a broadening wedge / descending channel, which are usually both bullish patterns. Also the price is printing a local ascending triangle in the...
Hello, community members welcome to another BTC/USDT chart update. As we can see BTC broke below the lower trend line support and dropped down to the lower support zone. Currently, BTC bounces and printed consecutive green candles, here bulls need to take charge to gain above to get back inside the channel pattern. In the current scenario, BTC is trading in the...
Hey traders, Update for EURCAD pair. As you remember, we spotted together a major monthly structure yesterday. The price has perfectly bounced from that. The price managed to break a resistance of an intraday accumulation range. I am expecting a bullish continuation from its retest. Targets: 1.32 1.328 ❤️If you have any questions, please, ask me in the...
PRICE CAPPED IN THIS AREA Looking for another rejection (4H chart) Price has had multiple attempts to break higher but has been pushed back on every occasion looking to SHORT again on another rejection
On a today's live stream, we discussed USDCAD. The pair is trading in a bullish trend, steadily growing within a rising parallel channel. Retesting a current year's high, the price started to coil within a horizontal trading range. For now, we are expecting a consolidation within the boundaries of the range. Its bullish breakout will trigger a bullish...
Gold building out an insane base here. Gold building out an insane base here.
This rectangle pattern on the daily chart of EUR/CAD offers two breakout trading opportunities. The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. The stop-loss can be set to the low/high of the breakout candle (not shown on the chart).
After a major 7%+ drop yesterday WTI is starting to show signs of a possible reversal. To be a successful day trader, or any kind of trader/investor for that matter, you need to have an arsenal of patters which have worked for you in the past and have a high probability rate of success. To us this is one of those patterns, and below is the criteria: - Price at...
On the daily chart, we can clearly see a descending channel / falling wedge, which is ready for a breakout! Buy a breakout above rectangle + 200 MA + trendline of the channel, we have a nice confluence here, that is very important! This coin never made an all time high, so it is safe to set the profit target to 0.618 FIB + end of the wave 4 (High liquidity...
As you remember, traders, we were monitoring NZDCAD last week. We were patiently waiting for a neckline breakout of a double top on 4H. It's finally broken now and we already opened a short position with my VIP members. I expect a bearish move now to 0.7959 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with...
- TWT is currently one of the most bullish altcoin on the market as you can see on the weekly chart. - We have an ascending triangle - very bullish pattern and you can buy now or buy a breakout above the neckline. - The platform was acquired by Binance in July 2018. - The full Trust Wallet team is not public, but it is known to comprise over 20 individuals —...
Notes: * Very strong up trend on all time frames * Great earnings track record * Building a base on base pattern * Held up very well against the general market and its sector * Recently bounced from its 50 day line * Printed a pocket pivot with higher than average volume * Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer ...
beautiful breakout..in triangle the breakout willbefast andfurious...so buy.
Three taps at the level, price is likely to move down. Target - the size of the consolidation, almost 400 pips. Watch for a smaller frame flag as a confirmation. Alternative: break down and retest - support->resistance. Trade safe.
- We have a massive base on the weekly timeframe / inverse head and shoulders! - If you love bases as much as I do, then this is definitely your opportunity for great gains! - Volume looks solid, no bearish pressure and we have a massive volume spike, which is always good to see. - The price is currently above the POC level, so we can expect a pump any time...
Hey traders, NZDCAD is trading within a wide trading range on 4H. 0.805 - 0.806 is its resistance and 0.7945 - 0.796 is its support. Testing the resistance of the range, the price formed a double top pattern. If the price breaks its horizontal neckline 0.8 - 0.81, I would consider shorting the pair expecting a bearish move to the support of the range. If the...
Notes: * Strong up trend * Okay earnings track record * Consolidating for the past ~9months * Bouncing from its 50 day line with bullish momentum Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.73 Relative Strength vs. SP500: 1.32 U/D Ratio: 1.97 Base Depth: 36.27% Distance from breakout buy point: -1.16% Volume 19.91% above its...