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Chartpatterntrading

AMD: Hit a MAJOR RESISTANCE! What's next?• AMD is in a very strong bull trend, since it broke the $62 area, triggering an Ascending Triangle chart pattern; • Now, AMD is in a resistance area, as seen in the weekly chart (blue area); • This resistance area is a key point where AMD found support level multiple times in the past, and now, it is near the 21 ema as well; • If AMD does any weakness sign in this area, it might correct again (there's no clear top sign yet, but one might occur soon); • However, as long as it stays above the $62, the bullish bias would persist, meaning, any pullback would be anoher opportunity to buy, despite any possible short-term pullback in the next few days; • The situation is critical on AMD, so it is very important to keep our eyes open in this area. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
5
XRPUSDT | Downtrend Channel Wave Projection TP -30% and -50%> ABC correction with the major C leg downtrend ending diagonal pattern - possible final 5-wave at 0.5 fibonanci extension level -30% and 0.618 level -50% if break below the current key support. > The price is currently trading below SMA50 and SMA200 and RSI TFW bearish signal broke below MA line below 50. > An upcoming RSI bullish divergence in TFW could be possible - stay in wait and see mode for price confirmation. Always trade with affordable risk and respect your stoploss, nothing 100%
by dukeposh
PYPL: A classic Descending Broadening Wedge!• PYPL is doing a Descending Broadening Wedge in the weekly chart; • This week it went up almost 20%, and it is in a key resistance area, made by the upper purple trend line and by the 21 ema; • In theory, PYPL would correct next week, however, if the bullish momentum persists, PYPL would break this Descending Broadening Wedge, and in this scenario, the next resistance is the $122 (green line); • The volume is increasing, which reinforces the idea of a breakout; • For now, let’s pay attention to this resistance area. Remember to follow me to keep in touch with my analyses!
NASDAQ:PYPL
by Nathan_The_Finance_Hydra
QQQ: In a critical RESISTANCE area! What's next?• QQQ is in a resistance area around $284, which did work as a resistance twice since October; • Now, if it confirms a top sign around this area (any bearish candlestick pattern would work, like a Shooting Star, Bearish Engulfing, DCC, etc), it’ll confirm a Triple Top chart pattern, and QQQ would do a sharp correction from here; • However, if QQQ breaks the resistance, it’ll reverse the bearish sentiment and will probably keep climbing for the next couple of weeks - it all depends on how it'll close today; • Either way, QQQ looks interesting. Let’s keep our eyes open at the $284 area. Remember to follow me to keep in touch with my analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
4
Descending Triangle on XAU/USD @ D1A descending triangle pattern has formed on the daily chart of XAU/USD (gold). It now offers an opportunity for a short trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to the 100% of the pattern height plotted below the lower border. I will set the stop-loss level to the triangle's highest point (1807.70) marked with the red line. I will ignore bullish breakouts from this trend continuation pattern.
OANDA:XAUUSDShort
by AndriyMoraru
LITUSDT - Short - Broadening wedgeLIT is currently forming an ascending broadening wedge on 4h timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line of the wedge acts like a resistance and the lower line acts as a support. Looking at the chart we can see the RSI is suggesting an overbought condition. So it´s likely for the price to go down. Also we can see at 04:00 there was a lot of pressure from the sellers. So the price is most likely to go down. First target one should be prioritized. When the price breaks out of the pattern the final target could be considered. All the details are shown on the chart. Goodluck!
Short
by vf_investment
3
BTCUSD: Weekly analysis + Key Points to watch from here.• BTC is in a critical situation, at the moment, as it is at a key support level as seen in the weekly chart; • The support at $17,592 is the bottom of a Descending Triangle chart pattern. If BTC loses it, the next stop is the next support near $14k; • BTC would need to do a very quick reaction and break the purple line in order to avoid such drop and reverse the bearish sentiment; • In addition, the 21 ema is pointing down, and it is very close to the purple line, making it a dual-resistance area; • For now, let’s pay attention on these key points. I will keep you guys posted. Remember to follow me to keep in touch with my analyses!
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
HDFC LONG (INTRADAY NOV 9)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . HDFC is in uptrend and has formed inside candle (bullish mother baby candle) on daily level. In 15 min it has given breakout of a trendline and it also has a multiple time tested resistance means it has become weak now and it is showing signs of breakout.Wait patiently and we could see upside momentum. Thank you !
HLong
by Twobrainztrader
BNBUSDT | Wave Projection | Short Term Retrace - Bull Look +60%Price action and chart pattern trading: > A possible CUP & HANDLE pattern with a short term 2-wave retracement to the next strong support area of confluence where SMA20 X SMA200 golden crossed and volume profile point of control key level. > Entry @ pullback retracement SMA200 zone and lower uptrend channel support zone. > Target @ TP1 Handle 1.0 extension + 30-40% upside and TP2 Cup 1.618 ext. zone +50-60% > Stop @ B-wave position -10-15% downside > RSI indicator: OB + bearish signal about to cross MA line
Long
by dukeposh
📈✌ETH 30Min Long Position: Risky✌📉BINANCE:ETHUSDT COINBASE:ETHUSD Hi traders, first take a look at my previous analysis and positions. between now and the determined level, you can open long position in one or two steps. 🐱‍🏍 If the price rises and reaches the TP1 level, you can risk-free the position. TP1-2-3-4-5-6 are on the chart. The optimum stop-loss is below the determined levels. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
4
SHIB: Another IH&S! Some Key Points to watch from here.• On our last analysis on SHIB I warned about an IH&S chart pattern, that did work very well, as by the moment SHIB broke our key point, it hit the previous resistance with an astonishing precision before dropping again (link to my previous analysis below this post); • Now, we see the same pattern again, so what are the key points? The trigger point is the black line, while if it loses the red line it’ll frustrate the pattern. The technical target would be the previous resistance at the green line. This is a normal configuration of an IH&S; • However, if SHIB loses the purple line, then it might face more serious problems in the mid-term, as this would indicate a sharper sell-off; • For now, let’s pay attention to these lines and see what happens. I’ll keep you guys posted on this. Remember to follow me to keep in touch with my analyses!
COINBASE:SHIBUSD
by Nathan_The_Finance_Hydra
3
BTCUSD: Hit our TARGET! What are the next key points to watch?• BTC hit the target we mentioned yesterday, as it triggered our Double Bottom chart pattern. The link to my previous analysis is in the link below this post; • Now, BTC shows some exhaustion, but it is still bullish in the short/mid-term, as it is doing higher highs/lows and it is above its 21 ema; • There’s no clear bearish top sign yet, and BTC would only trigger a sharper correction if it loses the dual-support area made by the 38.2% retracement + 21 ema in the daily chart; • In fact, if it closes above the $20,800 in the daily chart, it’ll trigger another bullish pivot point; • For now, let’s keep our eyes on these key points. I won’t set any other public target on it for now, but I’ll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
📉✌BTC 1H Short Position✌📈BINANCE:BTCUSDT COINBASE:BTCUSD Hi traders, first look at my previous analysis (linked below). 💥A quick short position can have a good chance of winning. between now and the yellow area above, you can open short position in two steps. If the price falls and reaches the risk-free level, you can risk-free the position. TP1-2-3-4-5 are on the chart. The optimum stop-loss is on the chart. Please share ideas and leave a comment, let me know what you think. CrazyS✌
Short
by CrazyS
6
SHIB: Looking VERY GOOD! Key points to watch next.• SHIB is trying to trigger an IH&S chart pattern just above the key support at the black line; • Would be important to see SHIB breaking the blue and purple lines in order to trigger a bullish reversal – this could make it seek higher levels; • However, if it loses the black line, it will frustrate any possible reversal thesis, and the next stop is at the next support, around the red line; • Whatever side it breaks, SHIB looks interesting. For now, let’s pay attention to these lines on the chart. Remember to follow me to keep in touch with my analyses!
COINBASE:SHIBUSD
by Nathan_The_Finance_Hydra