Breakdown
CARDANO BREAKDOWN! CRASH INCOMING?!Hey everyone
Today i show you my ADA Daily Chart Analysis that shows all important Price levels.
ADA broke down the biggest support at 0.98$-1.03$ and i expect a big correction after
this retest is successfully done.
Where does the correction stop?
- I think at 0.40$ area ADA will get strong support finally and we shouldnt fall below it
Are there trade options for that correction?
- Yes you can short ADA from 0.98$-1.03$ with dollar cost average and a stop loss above 1.03$
I hope you guys like this idea.
$DWAC - Bearish Descending TriangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
From Trading Sim:
You can identify the descending triangle reversal pattern at the top end of a rally. This pattern emerges as volume declines and the stock fails to make fresh highs. The pattern indicates that the bullish momentum is exhausting. At the same time, price action forms a horizontal support level.
After price bounces off the support level multiple times, posting lower highs, we can anticipate a potential downside breakout. The minimum distance that price moves prior to the breakout is measured from the initial high. This distance is projected lower after price breaks out below the support level.
DWAC - All Cults End BadlyWhat do they say about Jim Jones and the kool-aid? I'm not talking about the rapper either. I'm talking about the Jim Jones who shot himself in the head after poisoning his entire following with a concoction of lies.
We are about to see something similar on this overbought, nearly worthless stock.
As Dan Primack of Axios wrote yesterday, " Trump's Truth Social bomb ". This rollout has been a disaster. Most people are still on the waiting list to join. Trump has barely posted. The app is full of bugs. It's stopped to 37th on the Apple Store as of yesterday. Primack wrote, "Trump hasn't posted a single time since the launch, despite an international crisis that has captivated the country. Instead, he's given his comments to radio and TV hosts — including one this morning with Dominion conspiracy theorist Maria Bartiromo — plus via his CPAC speech".
Doesn't bode well when the entire reason for making the platform is to follow Donald Trump.
Also- what is the plan here? According to Seeking Alpha , "At a current market cap of over $15 billion as a pre-revenue company". They go on to add, "Thirty days post-merger, this total is expected to increase to over 170 million shares, excluding warrants."
So we have a failed rollout with bugs, Trump barely posting, and share dilution coming to boot. I haven't even mentioned the biggest wildcard.
Trump's legal woes.
Last night, news broke that Trump could be facing criminal charges if the Attorney General wishes to proceed: "Jan. 6 Committee Lays Out Potential Criminal Charges Against Trump
In a court filing, the panel said there was enough evidence to suggest that the former president might have engaged in a criminal conspiracy as he fought to remain in office."
So 1. Dilution 2. Sell the News with Planned Q1 Merger 3. Failed and Buggy Rollout 4. Potential Criminal Charges.
This is a short that would impress Michael Burry. Don't drink the kool-aid.
M_MFIN ( intraday levels ) Mahindra & Mahindra Finance, this stock is showing weakness on daily and weekly chart, if it breaks down the level of 138.50, then possibly more bearishness could be seen on chart, one can go short if this level is broken or if any Shorting opportunity is seen on 5 minutes time frame, with Stoploss of 138.50 & above, for targets of 133.50 or upto 128.55. Sell only Below 138.50 in intraday and Buy only above 146.50 in intraday.
Support area
Macd in daily is negative
Macd in weekly is also Negative
Rsi in daily below 40 and down tick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
#NASDAQ - CRASH - 12.000 INCOMING? Nasdaq broke the recent correction lows and closed right at session lows.
If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down.
Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major inflection point in the Nasdaq chart.
That would probably be an insane buying oportunity, especially in some - at that time probably completly obliterated - high growth stocks.
---- If you wanna protect your portfolio, wait for Nasdaq to retest 13.700 from below and get rejected, that would be your lowest risk/reward short entry. Im not posting full short setups though, cause of reasons :D ----
STAY SAFE out there and good luck on your trading.
VETUSDT is testing an important supportThe price is testing an important support at 0.05$. if you check on the left you can see how the price respected that area, it means that this area is very strong.
The seller's pressure is strong, and if the price is going to lose the support we could see a new retest of 0.046$
How to approach?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
Don't forget, a simple breakdown is not enough
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
BTC price dips below $40KBitcoin (BTC) fell through $40,000 as Wall Street opened on Feb. 18 with analysts watching lower levels.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD teasing a $40,000 breakdown throughout Feb. 18, with several attempts seeing bounces higher before the level finally gave way.
Can we get a retest of this Rising Wadge on BTC?As i told you at 44k we had hidden bearish divergence on the weekly and bearish divergence on the daily, point of control, daily resistance level and golden pocket. On the top of that we had this bearish pattern called rising wadge that we broke to the downside so it was clear to me that we are going down.
At the moment we are at the support levels where i am taking advantage of the ranging market because of the low volume on the weekends.
However i am expecting a bounce from this point at beginning of the week and retest of the breakout point betwen 42 and 42.8k where we can get our short position filled.
On the weekly i am still bullish and i am expecting a bounce from the ascending channel on the weekly and continuation of the bullrun 2.0.
If we break the channel and close weekly below it we can expect bear market and lower twenties.
What do you think about this rising wadge retest and can we reach the target?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
Bitcoin doing Bitcoin things... #btc Bitcoin broke out baerishly of the small uptrend it created recently, to test 40k once more as support.
So far it's holding on for dear life but again only lower highs, the argument of bitcoin holding 40k gets weaker and weaker.
If we break 40k to the downside, 38k is the next target and if that cant be hold, we test the january lows again, and might go for a type 2 return of that harmonic, what actually would make up for a great spot to buy bitcoin.
Proceed with caution at the moment, with the situation in ukraine, we can't be aggressive in this markets,
there are times to make money and there are times not to lose money.
Good luck on your trading!
Ascending Triangle on BTCUSDHi Traders,
I normally don't do shorter time frames but as you can see on the 1HR of BTCUSD, the price has had lower lows and equal highs. This is obviously a symptom of an Ascending Triangle. There is one small thing that is kinda weird and that is there is one move out of the resistance line which looks like a fakeout/ liquidation station. This will break out in the next day or two and the target is 46k USD. However, in the rare case, we DO breakdown 42.8k is the target.
Safe trading,
-Pulkanator
BINANCE Support Breakdown Retest Entry.If anyone wants me to explain this chart analysis to them, then please comment and let me know.
P.S: I'm getting into the habit of posting multiple Ideas per day and that's why i'm not willing to put much time and effort into describing my analysis. However, I'll be more than glad to explain the ideas later on to anyone, who's got subjective and non-linear questions.
With that being said...
Happy Trading !!!
Gold Giant Pennant "Giant Pennant" sounds funny, but that is exactly what Gold finds itself in. A giant contracting pennant pattern.
The nice thing about these patterns is which ever way they conclude they move to approximately the length of
the widest range of the pattern. The bad thing about these patterns is that no one can really know how they will
conclude. The ending is often marked by many fake outs, leading both buyers and sellers to mistake which way
the pattern will conclude. If the markets can stay strong and oil continue its push to 93, then we can reason
1. there will be highly likely a bearish fake out dipping below the bottom of the pennant bottom.
2. We can estimate the price target at around 2110.
3. IF on the other hand the market remain weak this will likely do the opposite and fake out the bulls and conclude
down to a target of 1541.
We only need patience and let this play out and with more certainty we can profit from what wil likely be a very
strong move in either direction
BINANCE COIN EASY + PROFITABLE SETUP.So, what you all actually see is a Descending Triangle Pattern formed in Binance Coin.
A descending triangle is a part of the 3 famous triangle patterns, namely:- Ascending, Descending, Symmetrical.
All these patterns are some way or another part of Price Action Trading. In this case the upper trend line indicates lower highs and the bottom line indicates equal lows(~).
And eventually, price breaks the pattern and a Bearish Breakdown occurs.(Keeping in mind that the break may vary in the other two patterns).
After the price took a little support, it went back up and retested the previous support which is generally when most of the traders prefer to enter and make a position, as it's the safest entry possible in the given circumstances.
With that being said...
Happy Trading !!!
GBPAUD - SETUPGBPAUD price dropped from a critical resistance area after printing a good upside move last week. We are expecting that bears will show dominance and will drag the price down towards fib level 0.38% and if they carry out their momentum the price will drop towards a 0.618% level. So watch the levels carefully.
Simple PRICE ACTION Setup In LUNA.One of the simplest setups a trader would fancy is like such, didn't really take long enough to find this setup but this was personally what I usually look for, whether looking in Equities or Cryptocurrencies.
Let me emphasize on the fact that how ideal this setup was for many traders including myself and also reconsidering that you don't find such easy setups everyday.
With that being said, I'm not sure if there's anything much to explain about in this setup.
Happy Trading !!!