ChartChameleon

ChartChameleon Updated 

Liquidity Retest on DOGE USD is anticipated by the CHAMELEON indicator.

ChartChameleon Updated 

CHAMELEON MOMENTUM shows RANGING market conditions.

ChartChameleon Updated 

The CHAMELEON has printed a 4H Long signal for BNB.

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DOGE USD 360 long trade setup formed above support with a clear target in view. The "m"' s could be a good first tp level.

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Eth short showing on 1h. Eth short showing on 1h. Eth short showing on 1h.

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BTC LONG on the DAILY Now in the entry zone for LONGs on BTC according to the blue lines and the red lines for the STOP. Green target is also shown.

ChartChameleon Updated 

BNB climbed back to the top of SUPPLY. Teal candle is a short signal. Stop at the high of the SUPPLY ZONE marked. Consider take profit at a 2:1 ratio.

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Trend if up on the 3H. Look for a nice entry on the lower timeframes.

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BUY signal painted on the DOGE USD. Blue lines show LONG ENTRY (Based on the the strength of the signal) Red marks the STOP (Based on price action analysis) GREEN shows the TAKE PROFIT (arbitrary using the risk reward ratio of 1:1.53)

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SHORT from SUPPLY See chart for details. Picture tells a 1000 words!

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Testing the indicator. Price is within a liquidity zone. BUY signal printed.

ChartChameleon Updated 

The LONG did not really happen. Since then the SHORT has flashed.

ChartChameleon Updated 

Testing with a BTC PAIR. Indicator says down she goes.....

ChartChameleon Updated 

As can be seen the automated alerts had fired a LONG. The best place to enter when such engulfing candles are the triggers, is on a pull back. The trade idea which is the focus of this post is not one which the automated signal generation spot so precisely as can be done by eye. Currently this is kind of like an "Off menu" signal. So we need to set alerts...

ChartChameleon Updated 

A melding of all the research done on CHAMELEON indicators and the like. A culmination of 3 years work. This is NOT the only indicator you will ever need, since there is a requirement to run a tuning variable through the configuration in order to make the supply/demand zone align up correctly with the market cycle. Doing this also allows for the cycle tops...

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Set up the indicator in tune with the ADA 4H cycle and saw a SHORT signal has occurred.

ChartChameleon Updated 

Indicator clearly says up. Price just reacted off a lower timeframe liquidity pool. This is a good opportunity to take a daily position. First target the daily liquidity zone as shown for a 2:1 trade using the low of the entry setup candle as the STOP.

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CHAMELON DAILY LINK USD LONG at return to CLOSE of YELLOW CANDLE after CONFIRMATION shown by GREEN TRIANGLE.