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Perfect time for one 0.3 position. On W chart we have triple bottom, RSI at dissent level for action. D chart is even better for same call. On top of tgat, swap is positive. I'll live this baby to grow. Eventually after 75pip will ad one more
HKEX:958 has formed three bottom now. If it can successfully break the 2.5, the target would be 3.05, which will be around 35% return.
Now it has a bottom head and shoulder pattern with target 2.5. Let's see if it can break this resistance and head to our final target.
Cut loss @2.05
Buy in @2.25
focusing on the smaller time frame, the price has created its 3rd drive into that consolidation zone, the price has overextended into a key psych region. Am expecting a retracement towards the 1.32500 area
- Also, GDP for CAD is expected to be lower than previous stat, that could be the catalyst for the price to pick up momentum
great risk/reward of 1:4
A daily chart which shows the resistance that ETH is likely to test. I have been long from $164, and believe we are going to test $300.
What do you think? Are we going to test and potentially break the $300 mark? Share your ideas!
Just as I stated in my XRP analysis, that BTC pump caught me off guard just as it did many of you I'm sure.
BUT alts won't play. They are there for a reason.
Crypto veterans aren't going to sit around and hold all of their BTC and not capitalize on the pump.
They will look for good alts to gain even more wealth off of.
Expect ETH and XRP to get some...
2 ways of reading this trade setup, trend traders will read it as the bearish flag and counter-trend traders as triple bottom with RSI Divergence.
As a born counter-trend trader, I'm more into with the latter. I have already engaged the trade and see how this play out.
Great Reward: Risk and not all my decision is just based on that, for this trade there is no...
Good morning, traders. Imagine thinking price hit the high and shorting already. Or worse yet, remaining short and not buying the dip yesterday. Of course this is only a sad predicament if you believe price will head higher before heading lower. I continue to remain long at this time. Nothing has changed, in the larger picture, to warn me that I need to exit my...
We were in an uptrend (red trendline )
which we broke and now acts as a resistance level
Again we were in an uptrend (orange line) ..again broken acting now as resistance
We also have a descending triangle which is about to break
and a DOUBLE TOP pattern (still neckline not broken)
We have a triple top (at the above green zone)...
BINANCE:FETBTC has completed a triple bottom which gives us good reason to believe the bottom is in and we will start to go up from 3800 sat. You can enter now if you're risky or wait for the downtrend line to break or even at the triple bottom resistance at 4100 sat or so
"A triple bottom is a bullish REVERSAL chart pattern used in technical analysis that's...