After breaking out of its macro downtrend, GRT found resistance on our Monthly level of 0.09564 only restest the breakout out of its descending TL and slice through not just the Monthly BUT reclaim its liq level at 0.10438
This is a very Prime Textbook Example on how to trade breakout trades 🥰
What is our next level for GRT to look for?
My POI to enter a...
It's been quite a long time since I've sent out an idea on my charts!
Today we are going to look at XMR in the HTF's
For the past 242 days, it has respectfully moving within a descending price channel
Although it is best for us to Trade the Range Until it Breaks, if this Gem does break upwards, it would be a very good HODL coin.
I would be aiming...
I thought I'd share something very interesting, that may occur in the upcoming weeks, the upcoming months.
Looking at the US Bond Yields, we see it forming a rising wedge pattern.
In Elliot Wave Theory, it is called a leading 5th wave diagonal.
The past weekly candle closed as a tweezer top AND finding resistance at the 0.786 fibonacci extension level.
It's been a while since I've posted an idea, but I wanted to do an analysis on Harmony ONE.
At the time of writing we are currently on the weekly level, from Aug 2020.
Aug 2020 is a fairly significant level as it had also created a liquidity level of 2.36
Typically, when these large wicks occur, price will tend to "eventually" return to it.
We see here that DYDX has broken out of its historic downtrend, retraced to test it local bottom of 1.18.
Is this a confirmed reversal for DYDX?
considering the sad news of FTX crumbling to pieces, monies will move from one dying exchange to another.
Only time will tell whether DYDX will succeed in becoming the next leading exchange, behind Binance...
SFP makes a 68% move today
However, it is a nearing a a daily level, liquidity level, AND the 3.0 fib extension level.
Based on my count, the 3rd wave is the most impulsive out of the EWT counts.
Will it continue its way to the upside? or find rejection on those said levels as resistance. :)
Trade Super Safe Today Friends :)))
If you think you've gotten...
I wanted to discuss the Rising Wedge pattern BTC has broken down from.
Now these trendlines I have drawn since March 2022 and is now being validated.
BTC has broken down from the wedge, also breaking the monthly level of 16,142
I have two scenarios. please see the following:
1. We continue to the downside finding support at the next monthly...
SPX has been moving upwards, forming a bearish consolidation pattern (Rising Wedge).
Morever, if we take our fib retracement tool and go from swing high to low, we see it reach the 618 fibonacci level of 3864.
For those in a long position, please take heed of this bearish pattern.
However, this is only valid IF the pattern is broken down.
I will most like not...
We see CHZ break out of our descending price channel only tap liquidity at the 0.262 level and return back.
However, CHZ finds support of the 1.618 fib extension level, coming from lows of Jun 19, 2022.
Almost Exxxxactly to the dollar.
Will this signal a bounce to the upside? or a a downwards continuation?
We shall watch and wait patiently for CHZ's next...
We see LINK make a nice 44% gain from Oct 23.
But is this a reversal to the upside??
If we zoom out and look at the bigger picture of the chart, we can clearly see LINK is in range mode between 6.2 to 9.366
At the time of writing this range is approx 186 days old.
As traders, when we are in a ranging market, it is best to TRADE THE RANGE UNTIL IT BREAKS.
Firstly, I would like to give my many thanks to the Tradingview community for the massice love & support!
You have all been very welcoming to my ideas and trade set-ups! :)))
I can't appreciate enough how seeing your positive comments make my day.
Its for that reason I wake up every morning, motivated to hit the charts for y'all! <3333
Now lets take a look...
We see APT break out of its descending resistance and moving above the POC.
WIll this signal a continuation to the upside? or a SFP (swing failure pattern) to the downside?
Keep in mind the bearish descending triangle pattern it is also forming.
Using the hourly level as support.
Trade Safe Friends <3333
This Analysis goes out to the request of erozsits
Thank you very sending that request :)))
We see MATIC have quite a large move to the upside, compared to most alts.
It is currently up 228% from its last bottom on June 2022.
At the time of writing, it is forming bullish market structure, breaking out of its wedge pattern on Oct 16, and successfully restested as...
We see SAND break out of its descending resistance and retrace
At the time of writing, it is attempting to find support at the daily level of 0.865
Will SAND hold this level? or break down further?
If SAND does continue to the upside, I would like a second retest of the daily (second entry long).
I will be keeping a close eye on SAND and give more updates!...
We see FLM break down from its past ascending channel.
But is this the end for this marvelous project?
Or will it continue its way to the upside from the 618 fibonacci level?
Considering today's important events, keep in mind for large deviations in most charts..
Trade Super Safe Today Friends :)))
If you think you've gotten awesome content from my TA, please...
Well The Adam & Eve pattern seems to be the go-to for MASK.
After DOGE was able to validate its A&E pattern at the top of its trend.
It seems MASK may do the same...
Please see with the measured move displayed