Yet another head and shoulder top. A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. This head and shoulders chart pattern is different because price has broken out to the downside and has closed far below the down-sloping neckline, but the most important...
As we count down to the second halving of LTC, price has remained stagnant. We have taken out time to provide vital infomation about the upcoming LTC HALVING(TA&FA). Before going deep into what will probably happen before and after the halving, we would love to explain to everyone what HALVING is about. A halving is an event that takes place when the reward of...
Today being 1st of August 2019 price f BTCUSD made a move to the up side forming a chart pattern called THE DOUBLE BOTTOM( V&U bottom) Chart view of the daily time frame gives a clear view of what is called the double shaped bottom with each bottom forming V and U shape. More details about this type of double bottom: Adam is a term that describes how the bottom...
Never ignore the beauty of an Ascending triangle breakout. Break even failure rate for up/down breakouts: 17%. In the past days the Ascending triangle chart pattern has been spotted and has always played out. On the daily time frame of USDCHF, price continue to hug the resistance(signal for the resistance breakout). Currently the price of USDCHF has broken out of...
Signal for a drop(retest of the weekly double bottom. When range boundaries are tested(horizontal) several times, it calls for a breakout. Silver(XAGUSD) has maintained it's move to the upside in the past few days, but on the 4 hours time frame the price of silver has shown an impending drop to retest a previous support level. To analyse this price move descending...
Consolidation lasted for 14days, before this breakout. The pennant flag pattern which is the most reliable chart pattern traders love to spot on a chart. what is a pennant flag pattern? Pennants flag patterns are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp...
It is a well-known price move that most often when price reaches a key resistance/support levels it tends to pull back, USDCHF has a clear example of this move. On the daily time frame, the price of USDCHF has been spotted forming a bearish hidden divergence and at the same time test the resistance at 0.99466. We all know how the bearish divergence works and has...
As the price continue to show so sign of recovering from its downward move, price has been hugging the resistance eagerly ready for a breakout. On the 4hours time frame, the price of ETHBTC has been spotted forming a text book classical chart pattern called THE ASCENDING TRIANGLE CHART PATTERN. The validity of the pattern is based on the several test of the...
The bearish trends continues as price is making more move to the down side. On the daily time frame the price chart of GBPJPY has has been spotted forming the 1,2,3 and 4 count move which we analysed on BTCUSD previous analysis. This move is more effective when price continues to make lower lows. The price move from 1 is used to measure the price move from below...
As the dominance dropped from 66.70 down to 64.1, the price still looks to hit previous low and testing previous support levels. Week starting 29th of July 2019, the price chart of BTCUSD looks to test previous lows if the near support levels are broken to the down side, to analyse the possible price trend the following will be used to determine the price targets:...
After reaching its target in the previous analysis price is looking to bounce back. This chart pattern which has a high probability of breaking out and reaching its target is here again, spotted on the daily time frame. On the daily time frame of ETHUSD, the price of ETHUSD has been spotted forming a reversal chart pattern called THE ASCENDING CHART...
Price usually hug the RESISTANCE more often before the major breakout will take place. This shows buyers williness. Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward. On the the 3 hours time frame the price chart of SILVER (XAGUSD) gradually respected the horizontal resistance and diagonal support level forming a chart...
A side watch as ETHUSD price move BTCUSD path( the same chart pattern). Considering the fact that the HEAD AND SHOULDERS TOP played out nicely and a neat retest of the up-sloping neckline as well which had a chance of Pullback rate of about 66%. Just as we analysed BTCUSD chart yesterday on the chart pattern called THE HEAD AND SHOULDERS TOP here ETH followed the...
Week start 22nd of July 2019 the price of BCTUSD has remained on the bearish side. On the 3hours time frame the price chart of BTCUSD has formed bearish chart pattern called THE HEAD AND SHOULDERS TOP. WHAT TO LOOK OUT FOR WHEN TRADING A HEAD AND SHOULDERS TOP: Price trend upward leading to the pattern Shape looks more like a head perched atop two shoulders. A...
The forth test of the resistance which is serving as the NECKLINE is looking to be a strong one and at the same time holding price from breaking out. On the three hours time frame, the price chart of ETHUSD has formed a chart pattern called the HEAD and SHOULDERS BOTTOM. Known for it's low failure rate and good average rise, the head and shoulder bottom chart...
The move to the upside gradually progresses as the breakout of the bullish chart pattern called The Descending Broadening Wedge . The Descending Broadening Wedge is essentially the opposite of the Ascending Broadening Wedge. The same pattern, but flipped or mirrored. Contrary to the Falling Wedge, where the price action contracts as the pattern matures, the...
After reaching the first target to the down side on our previous analysis, the price of BTC has formed a chart pattern that has moved and yet to reach all targets. Spotted on the daily time frame is the bullish gartley. To trade this the following should be followed: XA - Price rises from X (see figure on the right, not drawn to scale) to peak at A. This is...
The weekly time frame gives more clear levels as to the previous support and resistance levels in the past. On the weekly time frame, the price chart of EOSBTC has continued to maintain a widely spread HEAD AND SHOULDERS CHART PATTERN(TOP). The top head and shoulders chart pattern which is a bearish chart pattern tends to play out more when the price closes below...