The dominance continues to move higher despite the price fall. On the daily time frame, the price of BTCUSD has been spotted forming a double top chart pattern which signals a bearish continuation to the downside to test the near support. The top are pointed and is classified as ADAM and ADAM. Adam is a term that describes how the top looks, in this case, a...
Easy to spot but difficult to trade. Even if price breaks out of the ASCENDING TRIANGLE CHART PATTERN doesn't mean that price will move higher, knowing fully well that the 200 moving average is above it. Currently an opened candle stick is above the 200 moving average, when this candle stick closes above it it signals move higher move. The important thing is...
We look for a bearish continuation when price is below the 200 average and when there is a bearish chart pattern. The DESCENDING TRIANGLE CHART PATTERN . A descending triangle is a signal to traders to take a short position to accelerate a breakdown. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart. A descending...
With many days of rejections and consolidations, price remained inbound to some level and got a lot of rejections. These rejections and pull back at the same time gradually formed a continuation and bullish chart pattern called THE INVERTED HEAD AND SHOULDERS CHART PATTERN(Also called THE HEAD AND SHOULDERS BOTTOM) Head-and-shoulders bottoms are reliable chart...
After price has broken out from the falling wedge based on the previous analysis and has reached its first target at $11743 price is currently consolidating inside a bullish pennant flag pattern which for another move after a possible breakout. On the 30mins time frame, the price of BTCUSD has been spotted making a lower lows and a lower highs right inside a...
After moving down to test $9731.2, price has maintained three different lower-lows and three different lower highs forming a bullish chart pattern called THE FALLING WEDGE CHART PATTERN. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and...
More pulls backs still in play as the price broken out of the symmetrical triangle chart pattern. Symmetrical triangles, sometimes called coils, are a popular chart pattern because they appear often and perform reasonably well in a bull market. Price trend can be any direction leading to the chart pattern. Shape look more triangular. Prices move between two...
After pulling back down from its new high, price has maintained its move to the down side and held a new support level strong. On the 3hours time frame, the Price chart of BTCUSD has been spotted forming a bullish chart pattern called THE ASENDING TRIANGEL CHART PATTERN. An ascending triangle is a chart pattern used in technical analysis. It is created by price...
As the dominance continues to mover higher dominating the whole market, the price has continues to move higher as well breaking several resistance ahead. On the weekly time frame, the price of BTCUSD will be analysed using an indicator called THE ICHIMOKU KINKO HYO . This indicator is used to determine; Trend Determination, Entry Signals, Exit Signal and...
After two targets were achieved based on the previous analysis we posted, check: On the 2hours time frame, the price chart of BTCUSD has been spotted forming a BULLISH FLAG pattern which signals a continuation on the price move to the upside. After the strong move higher, the market needs to take a “break”. Here’s where you can expect a potential Bull Flag to...
After the long waited targets on the previous analysis on BTCUSD which was achieved price dropped down and maintained it's levels above $10,000. On the 1hour time frame, the price chart pf BTCUSD continued to hold its consolidations and forming a chart pattern called THE SYMMETRICAL TRIANGLE CHART PATTERN. Symmetrical Triangles chart pattern can be...
Holding its level between $9361.97 down to %8956.80, makes it more and more liable for potential breakout. On the daily time, the price of BTCUSD has formed a chart pattern which was formed back in May 2019, before that breakout from $5755.33. This chart pattern is called THE ASCENDING BROADENING WEDGE CHART PATTERN. The ascending broadening wedge is a chart...
When the flag is rectangular in shape and the the flagpole which leads to the flag steeps and last several days, this is called the BULLISH FLAG PATTERN. Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. The pole is the result of a vertical rise in a stock and the flag results from a period...
Yet another BULLISH PENNANT FLAG PATTERN . Same set up just like the LTCUSD. Always watch out for the breakout and the close of the candle stick body above the resistance before taking a trade. So like we all know, bullish pennants, just like its name suggests, signals that price is about to move higher. This means that the sharp climb in price would resume...
Volume speaks better for a perfect breakout. On the 4hours time frame, the LTCUSD has gradually moved up maintained two down-sloping resistances and two up sloping support levels. We has talked about the pattern using different pairs. Traders know that pennant flag pattern are called continuation pattern BULLISH or BEARISH, the test of 0.618 fib retracement level...
FAST MOVE, THE PENNANT FLAG PATTERN Pennants are the workhorses of the day trader, pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial...
THE BULLISH PENNANT FLAG PATTERN BREAKOUT. Bullish pennants are continuation patterns that occur during a strong uptrend. After a strong move higher, the price moves sideways in a pattern that resembles a triangular flag – or pennant. The uptrend continues when the price breaks out from the narrowing price pattern on above-average volume. The bullish pennant has...
THE SYMMETRICAL TRIANGLE CHART PATTERN The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. Symmetrical...