symmetrical triangles with refused breakthrough from top trend line, sliding and testing bottom, look for potential breakthrough for short
look for confirmation of this breakdown before shorting. Could be a short one. Looking to sell DGD I already aquired at 45 from previous trade (detailed below) to pick up more at a lower price (kind of a short but not really). look for a retrace back to previous lows. If price action finds resistance at previous trendline, that would be a good enough signal for a...
for observation. three line strike and engulfing green, bullish
My trade last night in retrospect could have been better. My sell target was too ambitious given the amount of room left to grow in this pitchfork. It could have been a good scalp between 55 and 57, but nothing more. That being said the mid term outlook for this token is still good. The price action is still moving well within the pitchfork and we can expect it...
BTC with a bullish move out off the downward channel, looking very good short term
I had described this situation yesterday. price action triggered buy at 45 and now looking to make a retrace upwards. For the time being it is making a short term consolidation pennant and will most likely continue further.
In my previous post i describe a short term ascending triangle. However the formation takes into account a big low created by a whale selling instantly at market price. This can be considered as an outlier and shows a more definite triangle with a slightly larger time frame. I Believe this will be the correct formation meaning the timeline for breakthrough will...
NAV forming ascending triangle into very heavy resistance at 1800. On Binance there is usually a 20 btc sell wall around this area. If this bullish formation manages to breakthrough momentum will carry higher.
VEN broke down trend line not long ago and it has already tumbled quite a bit. RSI is already overextended as price action has dropped literally in a straight line. I knew it would drop fast but not this fast. wouldnt be surprised to see at least a short term reversal at is it venturing into oversold region.
short to 450k-500k sat
consolidating in new price range. could run up to 62-64.
MJN breaking through falling channel after being added to the Nasdaq. Good chance to continue upward trend. Look for pullback entry point
A few factors lead me to believe this stock might make a short term reversal. First, RSI showing that bear strength is getting weaker. Additionally it seems to have formed a very short term double bottom (can be observed better in a short term timeline graph). On top of this price action could bounce off of 24% fib. The trading range is decreasing as the wedge...
560-570 should be a good sell zone. then wait before returning to median or bottom off pitchfork range to buy more. If it falls out of trading range then look for better entry as usual.
Had to close this trade manually as it didnt quite reach my sell target. Now completing the cypher top and breaking down trendline. Prepare for a bigger correction most likely
BTC breaking through its retracement falling wedge pattern after essentially doubling in value after hitting a low of 6k. The breakthrough is on very high volume, looking to see it go higher after maybe a small retrace.