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4hr

WINUSDT 5th wave upHello traders. My wave counter is indicating the start of the 5th wave break out on the 4hr. The yellow line is the quickest and is for individual/sub-waves counts, the green line is for each completed 1,2,3,4,5, the red line shows the whole structure. The yellow line will show when to exit and when to place buy/sell orders etc. We had a short two-wave correction which has created a longer 4th wave correction. Price briefly created a double bottom, broke the line captured some liquidity, and has moved up. Target is an unchecked price imbalance, which I call a naked imbalance. I'm suggesting the price will return to that point and collect trapped longs. The two-period RSI is above 60 and is in the buy zone. Targets on the chart and as always good luck!
Long
by Avery_Upton
6
Ultra bearish technicals on lite coinLite coin has the possibility of returning to 152USD if this ultra bearish scenario plays out. After failing to reach the target for the previous inverse head and shoulder pattern targeting 237USD, lite coin has begun to develop 2 head and shoulders patterns. Easily viewable on a 4hr chart the big one is targeting a downside target of 152USD and will only come in to play if the smaller head and shoulders pattern is completed. The smaller head and shoulders pattern is pretty easy to spot on the 1hr chart and it is targeting 195USD. Personally I do not see the bigger pattern playing out, as the smaller pattern is tilting up which means it is less likely to break the trendline. I have no trades in lite coin atm.
COINBASE:LTCUSD
by zac_destroys_all
3
LINKUSDTCHAINLINK / USDT 4H Link is one of the most popular Altcoins. Here we see that the link has formed a channel in the 4-hour candlestick and now it has reached the bottom of this channel. New channel, 0.38 fibo resistance line Therefore, the probability of the trend returning to the upward trend can be considered more than the fall and failure of the new channel. But you know very well that all altcoins get a bitch with a bitcoin sneeze or cough. Comment on the link and its possible process, thank you
by Technoarz
10
EURUSD 4H Possible Entry for 1:3 RRRIf we see the market structure of EURUSD it seems like an uptrend on a daily timeframe. If you see that black dark line is the strong support level respected many times. Here we are looking for the trend continuation because on 4h time frame the trend is also shifted from one downward to upward recently and making higher highs and higher lows. As the price approaches the strong support that can be seen from every timeframe it will possibly return back to the key level of 4H frame. For entry I am using the 1h timeframe to see wick rejections retracements and retest of the level. If the price retest the strong support twice on 1h candle making a W and break 1h small level it is a possible entry for 1:3 on EURUSD up to 4h key level. Stop loss is 2 times 14 ATR. Otherwise, It will break and strong support and re test it 1,2 times by making double top of resistance which will indicate that price is now breaking and trend will be downside
by mahmad01
3