There are two options: 1. If the price will reach the last higher high, it going to touch the resistance (komo above the chart). we have to notice the price needs to show his power for higher price. 2. If NOT, then we have to except forcing the support to break down. when i focus on the history of this chart, i found several situation like now. But, on this...
Dear Traders, Due to demand, I'll upload a few chart ideas beyond the forex markets. Besides the previous post about the DAX, the CHN50 is also looking good for a weekly pullback from Weekly and Daily Supply, both breaking a clean bullish trend to the downside. The same gameplan is used as for the DAX, which is to show patience and see price-action move a bit...
Dear Traders, Due to demand, I'll upload a few chart ideas beyond the forex markets. The DAX is looking really good for a weekly pullback from institutional supply, created by breaking the 2017 bullish trendline to the downside. The gameplan for this potential short opportunity is to show patience and see price-action move a bit higher towards the end of the...
In favor of coin growth. 1) Local uptrend. 2) Global uptrend. 3) The only coin that holds an uptrend after 2017. 4) Ascending channel in increments of 20%. 5) Strong coin liquidity. 6) Dad and mom in the face of the strongest player in the Binance market. 7) TOP cryptocurrencies. 8) The clarity of trade....
LTC / USD An expanding triangle forms . The third wave inside the triangle, as a rule it is the largest. Potential + 70% . Traders rarely trade inside triangles, especially in expanding ones. I trade these triangles internally and often, but only at the final stage of the formation of the triangle, how exactly here you can take the largest profit in the short...
Bitcoin dominance chart by market capitalization. You probably noticed that over the past month, many violas went to growth by a large percentage. This can be seen in my trading ideas for some altcoins. Maybe it's not casual? At the moment, we see that the dominance of bitcoin over other assets is still in an uptrend. % BTC dominance came very close to the...
ENJ Mechanics of win-win work on coins for pumping. The accumulation channel is 45%. The potential at the exit from the accumulation channel is up to + 600%! The coin, due to its over greed and aggressive manner of squeezing money out of the crowd by the market maker, goes hundreds of percent from the accumulation zone. Now the coin is in the accumulation...
XLM downstream trading. Recently, a lot of PR on this coin. The trend is still downtrend. Trading in a downward channel from the trend lines, which I depicted on the chart. The pivot points from which this or that movement will be embodied are also depicted on the chart. In addition to the trend support and resistance of the channel, do not forget to trade in...
Ardor moves in the accumulation channel with a step of 40%. Now the price has hit the trend line of the internal channel. Fixing the price above it gives a high probability of price growth to the upper boundary of the channel, and this is + 25% (white arrow). If the price cannot be fixed above this trend line, then we will see movement to the bottom of the...
Matic / btc has formed an interesting formation on a global scale, something like a symmetrical triangle , and inside it the price goes in an upward channel, in increments of 77%! Now the price is at the breakdown zone of the downtrend line and the breakthrough of this formation. Entrance on a breakthrough or rollback after a breakthrough, depending on...
Elrond (ERD) is an altcoin that has not yet had large pumps. The project is several months old. Little fame. The price is in a horizontal channel of 3.5 months with a price step of 85%. Now a symmetrical triangle has formed in the middle of the channel, the price is clamped, the denouement is coming soon. If a triangle breaks up. That is the potential of the...
BTC Formed Diamond figure. The price of an important uptrend line, from which everything depends on the reaction of the price (yellow line). Also, the price has been for a long time above the downtrend (white line). If the uptrend (yellow line), which acts as a support, maintains and the price moves up, then the first goal is $ 9700-9800 A very important area of...
As you know we have two different strategies to enter a position: buy between specified range and buy above a certain level. When you see them at a signal picture it looks like there is no big difference but it is very important in fact. When you see buy above recommendation it means there is a technical condition which defines further price action. Looking at...
OMG Ascending Triangle. Earnings with different price movements. Rising triangles mostly work up. Perhaps this upward triangle will become a reversal pattern of a downtrend. A break of the triangle up and working it out to the widest part + 21% will mean a break of the channel. Just at a height of + 21% is the first resistance. If this happens and the price...
PPT formed a symmetrical triangle. The goal of working out the figure is + 100%, across the width of the widest part. It's funny that the first serious resistance is just at a height of + 100%. Now the price is inside this formation. Price made two waves, thereby starting to form a triangle. There are no clear rules with how many waves a triangle should consist...
NEO After breaking through the impulse of a global downtrend, which lasted almost a year, the price draws a canvas of a symmetrical upward pennant. The price is almost in the corner of the canvas, soon the denouement. Potential for working out the figure + 45%. This is the height of the flagpole of the figure. It is also worth noting that there was a large...
BTC After an impulse + 39% A pennant pattern is formed. Behind the trend is an upward pennant . Behind the shape of the canvas is a downward pennant . The shape of the canvas resembles a wedge . Not to be confused with a downward pennant according to the trend! These are the exact opposite formations! The pennant canvas is formed above the downtrend line. The...
GBPUSD is in a downtrend....It also crossed a strong resistance.....Short/sell it!!!!