Hey everyone, apologies for not being active on here lately !.
Set a Buy limit @1.08000 and @ 1.07920
Set a 25-50 pips stop
Aim for 1.08500 - 1.09000
Use proper risk management !.
22.04
Introducing $2.425 - Ethereum ETH W-shape pattern scenario.
Price in that moment at huge volume resistance $3.236 and at EMA60 of MA Ribbon.
For me more likely that we don't see a V-shape pattern but a W-shape pattern with second leg down to $2.425.
Importance of $2.425?
- this was the most seen volume at the current V-shape and the daily high on July...
Bearish scenario:
A possible triangle on Wallstreet and SPX would likely break to the downside since trend came from downside direction - trend continuation.
Bullish scenario:
A possible w-shape pattern could play out with a big bullish signal after inhibitions before FOMC - positive impact on Bitcoin and Co as
consequence.
What do you think? 😎
Drop me a nice...
TA explained
DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here:
As you might have figured from...
TA explained
SKL formed a huge W-formation and retested the W-neckline on the pullback. Price is bouncing on the 4H 50 MA which also aligns with the Golden Pocket.
Targets align with the extended fib levels calculated from the current pullback.
Trade setup
Best entries: 0.329910 - 0.345500
TP1: 0.45880
TP2: 0.53836
TP3: 0.62286
SL: 0.30903
RR: 10.11
Max...
With the w-pattern (double bottom) forming on LTC, in my opinion it looks like litecoin is currently riding the downward trend from its breakout (red line) before a potential break upward that might occur over the next few days.
I mentioned before some long-term trends to keep an eye out for LTCBTC, but there might be some upward potential for LTCUSD in next few...
TA explained
YFII created this huge W-formation. It seem to have completed the pullback of the latest impulsive move and ready to go for a retest of previous top and surpass it for higher targets
Trade setup
Best entries: 1994 - 2292
TP1: 3199
TP2: 3994
TP3: 4903
TP4: 5997
SL: 1599
RR: 7.03
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own...
TA explained
TRB consolidating just above broken resistance and "around" the neckline of the W-formation.
Trade setup
Best entries: 35.681 - 38.350
TP1: 42.373
TP2: 48.003
TP3: 54.764
SL: 32.371
RR: 3.86
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
TA explained
ROSE retested broken resistance clearly turning it into support after bouncing multiple times from this area. Forming a W-formation now. Price is consolidating at the neckline, a breakout will trigger a bullish trend. SL below the support area.
Trade setup
Best entries: 0.09749 -0.10079
TP1: 0.12090
TP2: 0.13258
TP3: 0.14578
SL: 0.08205
RR:...
TA Explained
After a strong impulsive move CTSI pulled back and formed a support area. It dropped below it twice but regained it now again. Price action is forming a W-formation now. Consolidation at the neckline would increase the trade probability.
Trade setup
Best entries: 0.18439 - 0.20996
TP1: 0.26322
TP2: 0.34242
TP3: 0.41718
SL: 0.15344
RR: 5.09
Max...
TA Explained
ALGO Completing the W-formation on bigger timeframe with a bullish continuation pattern at lower timeframe. trying to get in on the final dip within the falling wedge
Trade setup
Best entries: 0.4149 - 0.4303
TP1: 0.4548
TP2: 0.4806
TP3: 0.5107
SL: 0.3945
RR: 3.16
Max leverage: 3
—————
Do Your Own Research (of course)
Trade at own risk (of...
