Channelbreak
#VIBE fractal concept, 100% short-term earnings potential#VIBE is looking ultra bullish and will definitely achieve some targets. Stoch is below oversold. In addition, we found a fractal concept. The blue boxes indicate a decline followed by a fast uptrend and then some consolidation. After the consolidation we make another leg up and find ourself in a wedge/channel. Once #VIBE broke out of that wedge it went straight to the moon, lets see if it happens again.
EURAUD 1H Channel Trading StrategyChannels are a common chart pattern
EURAUD is at the channel bottom.
If it is a bearish channel breakout, you are a seller.
Wait for a 15m Break, Hook, and make your entry!
If it returns into the channel as a bullish continuation, you are a buyer.
Wait for a 15m bullish continuation candle pattern, and make your entry.
Thanks everyone, have a great week and let us know below how you trade channels. :)
USD/TRY SetupFOREXCOM:USDTRY
Over the last 109 days USD/TRY has been forming a rather large triangle. However, over the past 66 days the pair has been trailing down an expanding falling wedge until it bounced off of a strong support zone. It has now completed a classic break-check-go pattern and over the past 3 days has completed a swing low setup (low, lower-low and a lower-high). The fundamentals now pair with the technical setup due to the current problems between the Turkish Army and the Kurdish Liberation Movement. We could be looking a sharp turn in the market due to increasing tensions between the US and Turkey. No trade idea is 100%. What we are constantly searching for are solid reasons to take a trade. Remember, as always plan your trade and trade your plan.
XVG Reversal?XVG was inside a Bullish Pennant (or symmetrical triangle) but unfortunately it broke bellow:
After dropping bellow the support line it made its way near it again, making it a Falling Wedge which means trend will be reversed after a breakout on the top line.
We could see another bounce inside the channel! So buy the dips!
Vergen is a good coin and if you Hodl you'll get rewarded.
Patience is a key to this market!
Trade safe!
BF UTILITIES Short term Positional CallBf Utilities Limited NSE: BFUTLITIE
Short term Technical Trading Call.
CMP: 506, Closing Basis SL: 484.9, Targets: 525 534
Technicals:
* Trend line breakout
* Channel Break out
* Pull back trading
* Fibonacci level Breakout
* Volume Breakout
* Short consolidation breakout
IBREALEST Short term Positional Call India Bulls Real estate Trading technical call for medium term
CMP: 235, Closing Based SL 209, Targets 248 255 265
For educational purpose only
LINK/BTC - Channel Break-Out - BullishStrong bullish activity continues for this low market-cap coin.
A break from the upward trend has occurred with daily candle closing above the resistance.
I can see this coin reaching 10.5k sats easily and possibly beyond.
I've been watching LINK since October & it has been relatively quiet however it has been performing extremely well, following trend with low resistance and great support.
It is really a great project @ rank 82 on CMC with strong fundamentals, lots of room to grow and explode.
Cardano retrace potential to .50 fib?Bearish divergence. A hanging man candle. Overbought on the RSI and outside of the linear regression channel. Potential retrace to the solid support at the .50 fib and then a continuation to the median of the channel? Just putting my thoughts down on paper as I am new to analysis. I am not an expert. Just studying charts.
Bitcoin Cash Waiting For The ImpulsIf BCH break support line we enter short position.
If it breaks falling triangle we can enter new position for a short time trade in the channel. If it breaks channel up we have additional confirmation to enter a new positon.
Target the top of the channel and the ATH.