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Cypher

SLP bullish divergence on market cipher I was bullish on AXS and SAND months ago but it feels too risky and late to jump now on either of them. Whereas SLP bullish MC divergence is showing us that it might have already found a bottom at 0.06 and looks pretty much ready for a reversal to the upside. This could be a great opportunity to enter with a DCA or grid bot. Grid bot could range similarly to the long position shown in the chart. Even an infinity grid could work. The opportunity is a 500% upside vs a potential drop 50% so risk reward is 10 to 1, much more attractive than trading AXS but at the same much more risky. I will go with a position below 1% of the capital using a DCA bot.
Long
by TheTradingParrot
1
Break out imminent after confirmationWe have a potential breakout of ADA from this falling wedge Once we retest the breakout area and manage to close above the target would be fib 0.6 at around 3 USD which would confirm a new uptrend. This price action might have to do with the recent news of upgrades on the network so I'd expect this to play out on the bullish side before end of the year. I've been accumulating below 2 dollars on every occasion the price went below. If this doesn't play out and it turns out a fake out (we had one before) I would be looking to add some more with the expectation of eventually still hitting the target late 2021 or early 2022. Cardano team has been improving massively in the last year and its one of the only top caps that hasn't had any relief or bullish rally in quite a while. Many eyes are on ADA and when that happens some volatility is a must. Facts: 1) Market cipher green dot on the daily 2) RSI in buying zone according to previous data 3) IFTRSI fires buy on daily at 0.9 level 4) falling wedge apparent breakout (although it hasn't tested it as support yet)
Long
by TheTradingParrot
EURUSD BAT & BULLISH CYPHER PATTERNSThe EURUSD looks as if it may be entering another period of consolidation. Although many periods of consolidation are sloppy, choppy & contain nothing useful, they also sometimes are filled with hidden gems. In this case the hidden gems to be on the lookout for are 2 potential advanced pattern formations in the form of a potential bullish bat pattern & a potential bullish cypher pattern. As always if you have any questions of comments please feel free to share them below. Akil
Long
by Akil_Stokes
6
Waiting for breakout of bullish P-Wave on SOLUSDMajor Bullish Signs on SOLUSDT All the analysis Part is viewable on the Chart. Investment advice: I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation. As for now it is possible to scalp the asset when it reaches one of the borders of the formation. Move to a lower timeframe like 5 minutes and long/short the bounce back into the triangle when the trend is obvious on that timeframe. Stop loss is recommended a small distance outside the edge of the triangle. I will publish the bottom indicator later as it is not as user friendly yet.
COINBASE:SOLUSDLong
by Honestcowboy
CHFJPY > A Huge Harmonic Bearish Cypher Pattern!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #CHFJPY The market is now near its structure resistance level where I expect the market to turn bearish, also I have a harmonic bearish Cypher pattern. My plan: I am now waiting for the market to turn bearish n the lower time frame and provide a reason to get in a sell trade targeting the next level of support Please do not hate for my trading plan and I always thank you so much for the time you spent her e. Check today's analysis below⠀ >>“ luck is when preparation meets opportunity." _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
6
American Barrick (Gold:NYSE) ....(My Game Plan) I am looking at a American Barrick (GOLD) purchase opportunity on weakness at slightly lower levels. My trigger level is a PRZ (Price Reversal Zone) from approx $16.90 to $15.90 which would satisfy the completion of a bearish Crab pattern and the initiation of the final leg of Cypher pattern whose price objectiveiisi around the $27 level. If things fully work out, and they rarely all do, this idea thus carries a 10:1 reward ratio. Now you have to like gold in general and gold shares in particular to even consider this trade. Barrick's price momentum seems extended and subject to weakness. Barrick recently increased their dividend and one should expect more as major gold companies are experiencing major free cash flow surpluses. 2 points to consider in the shorter term: 1) We have a small gap above here which may be filled and 2)the completion of an ABCD leg may draw in some bottom feeders. If we take out the dotted blue line I may have to reevaluate my thinking. This is a 4 hour chart. Watch the broad market, the Gold price and the GDX for further directional clues. As always this is not investment advice and do your own due diligence on any positions. We are coming into a period of characteristically rapid turmoil so don't be married to any position or view and be nimble. If in doubt... stand aside !! Good Luck S.
NYSE:BLong
by Steve666
1
Cypher@0.786XABearish Cypher@0.786XA Be ready to go short soon. The price it's 98% close to complete the pattern also to hit the PRZ and start testing it and this is correlating with the Weekly downtrend line crossing the PRZ, creating that a strong zone that will probably deny the price to continue up! Rules: 1. Harmonic Patterns Completion (Harmonic Pattern Cypher ) - 98% Complete and Waiting; 2. PRZ Hit - Waiting; 3. PRZ Test -Waiting; 4. Terminal Bar - Waiting; 5. Type-1 Reaction - Waiting; 6. Type-2 Reversal - Waiting; 7. Candlestick Reversal Sign - Waiting; 8. Candlestick Confirmation Sign -Waiting; 9. RSI Reversal Sign - Waiting; 10. RSI Confirmation Sign -Waiting; 11. Risk Management - Applied; 12. Risk / Reward - 1/3. " It's the Lord your God, you must follow, and him you must revere." Deuteronomy 13:4
Short
by JonyFxHunter
heyheyIt’s not a mystery that geometric patterns are in the Forex price chart. And the cypher pattern is a very good representation of that. The Cypher pattern forex is part of the Harmonic trading patterns and is the most exciting harmonic pattern. This is because it has the highest winning rate. Our team at Trading Strategy Guides is building a step-by-step guide on Harmonic trading patterns. We recommend reading the introduction of harmonic patterns. Read the article here, Harmonic Pattern Trading Strategy- Easy Step By Step Guide
OANDA:XAUUSDShort
by m3hd15h