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Double Top

NAS100USD on a double top 🦐NASDAQ on the 4h chart after the recent bullish impulse create a double top below a daily resistance. The price at this stage couldn't break above and after the double test of the structure is moving for a 2nd test of the support area. How can we approach this scenario? We will wait for a break of the support and if that will happen i will search for the Plancton academy rules to set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NAS100USDShort
by InkyGrip
6
Silver - Doubletop and Fibo trade !!Hello trader, good mood and profitable deals! 💲 Silver 1D chart double top Fibonacci SMA EMA200 Silver stoped the downside with a nice Doubletop at 21,429 and the IMO is supported by the SMA and EMA200. The first goal is around 29 (The goal of the double top) EMA 200 or corrections in LTF can be used as entries. The goals can be seen in the chart !! Even if I favor an upward movement, we could also go sideways. This is possible from 3 points, confirmed from 5! SL is below the current low. I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
TVC:SILVERLong
by TR7z
🚀🚀🚀 XRP what's next? Very large VOLUMES! 🚀🚀🚀Hello everyone, Unfortunately, we haven't seen a breakout of the trend line, what next? There are several scenarios. I personally took a position at $ 0.69 on a LONG with a stop loss below the local low. I'm counting on another breakthrough attempt. The main resistances are marked with a dashed green line. The close of the candle below the red line (resistance) will mark a descent to the last key position for XRP $ 0.55. This week you can see large VOLUMES, which positively indicates a rebound in the price. We also have divergences on the RSI. Increasingly higher, lows on the chart and decreasing ones on the indicator indicate a bearish. Higher lows and vice versa on the RSI speak of a bullish move. So we have an unclear situation. One thing is that we stopped at substantial support. Breaking it will create a medium-term doubletop, and then only a continuation of declines. From the fresh news regarding the SEC vs XRP case. Ripple took another victory over the Securities Commission. The judge rejected another SEC request that was intentionally delaying the end of the case. As a result, the re-introduction of XRP to the market may be faster than expected. Comment and like, Regards
Long
by SayMoney
2
ADA falls to the edge of cup after forming a DOUBLE TOP patternAfter forming the cup and handle pattern, ADA experienced rapid growth and then created a DOUBLE TOP pattern at 1.25. Based on the classic TA, I expect a 10% drop from the bottom of M pattern(0.236 fib) and a drop to $1 KEY ZONE. Also according to Ichimoku, Cardano's most important support is in the $1 zone. The $ 1 zone also shows the DC Channel midline which is an important line to maintain the uptrend. Then, in the mid term, I expect the price to rise to 1.25 due to the Hard fork Vasil, which will be released in June. Today, roadmap.cardano published the following sentence: Finally, they continued preparing for the Vasil hard fork in June.
Long
by UnknownUnicorn26598155
1
SHORT PROJECTION IN XRP - UNCOMPLICATED PRICE ACTIONTechnical analysis regarding the price of XRP in relation of dollar Tether for the next scenarios, based on daily movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Short
by luizhcruz
1
ADA exits the ascending channel to the $1 KEY POINTFollowing the negative news published by the Federal Reserve and due to their anti inflationary policy, it is likely that short-term prices will fall in the markets. Technically, ADA has started a downtrend after forming the DOUBLE TOP pattern at 1.25 and exited its ascending channel. probably supply will continue because the trading volume has not increased significantly at current prices. After the weak support of 1.08, I expect the bearish rally continue to the key range of $1. If macroeconomic conditions worsen, the price of 0.930, which is at 0.618 Fibonacci, is the most important support for ADA.
Short
by UnknownUnicorn26598155
2