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Doubletoppattern

AAVEUSDT created a double top 🦐AAVEUSDT created a double top, if the price will have a breakout downward and broke the ascending channel, According to Plancton's strategy (check our Academy), we can set a nice 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.
Short
by InkyGrip
5
DASHUSDT created a double top 🦐DASHUSDT created a double top on the daily timeframe and now the price wants to test the daily dynamic trendline. The price lost even the weekly support, and we could see a retest of it. IF the price retest weekly as new resistance or the price will lose the dynamic support, According to Plancton's strategy (check our Academy), we can set a nice order Weekly ––––– 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.
Short
by InkyGrip
2
ADAUSDT created Double topADAUSDT created Double top, only if the price will have a breakout from weekly resistance we can set a nice long, According to Plancton's strategy (check our Academy) Weekly ––––– 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.
Long
by InkyGrip
10
ETHUSD to see a downtrend(4Hr) | Double Top Pattern observedMarket in last 24hrs ETHUSD saw a downtrend with the upper Bollinger band resistance Price volatility was very high. The market moved ~6.03% between $624.57 and $589.04 Today’s Trend analysis ETHUSD expected to see a slight downtrend with the price observing upper band resistance and double top pattern observed Price at the time of publishing: $594.43 ETH’s market cap: $67.52 Billion Oscillator indicators are mostly neutral. RSI at 50 Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral Volume indicators observed an increase with an increase in price while a decrease in volume with a decline in price Price expected to see a slight downtrend with the price observing upper band resistance and double top pattern observed. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 50, in the neutral region, close to the midline. CCI with a value of around -55 in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in volume with a decline in price indicating weak selling pressure. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas! - Mudrex
COINBASE:ETHUSDShort
by Mudrex
4
EURUSD, 4hr tf, sell the trendline rejectionHello my friends, Next setup for next week is EURUSD pairs. I could see that price broken below the ascending trend line and retested it. It looks like that retest could be seen as a double top pattern as well. With this in mind i think a rotate to the lower side is possible so we will sell EURUSD. Sell EURUSD 1.1865 Stop loss 1.1905 Take profit 1.1745 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck If you find this post useful, please give me a thumbs up and follow me for next updates. Disclaimer : I hold sell EURUSD position from Friday at 1.1875
Short
by HayatoDragonFX
EURJPY, daily tf, double top pattern to materializeHello my friends, I hope you all enjoy your weekend and have a great trading week during this US Election week. I am gonna share some setup for you all but before i start, let's review the previous week performance. First position is GBPJPY sell at 136.45 which hit my SL for -70 pips. I lost 2% from this trade Second poisition is GBPAUD sell at 1.8300 which i closed at 1.8060 for +240 pips. I managed to banked 6% profit or 3R Third position is GBPCAD sell at 1.7170 which i closed at 1.7000 for +170 pips. I banked 5.6% profit or 2.8R I still got some positions floating through the weekend and please check my posts if you missed it. Let's start with EURJPY analysis. As you can see, it looks like EURJPY made a double top pattern and price already broken below the neckline. This upwards movement looks like a retest to me and it could be a good sell/short opportunity. Counting the measured objecive of this double top pattern, it shold be around 121.00 So we could try selling it for 190 pips drop. Thursday candle looks like a bearish pinbar indicating sell pressure, and Friday candle looks like an inside bar of previous candle. With this 2 candle forming exactly at resistance, i expect price to drop because sellers are in control for now. Sell EURJPY 122.80 Stop loss 123.30 Take profit 121.15 (3.3R) RR ratio 1 : 3.3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1
XRPUSD to see a downtrend(1D) | Double Top Observed | Breakout!Market in last 1 week XRPUSD saw a downtrend after getting resistance from the upper band Price volatility was very high. The market moved ~10.00%, between $0.264 and $0.240 Today’s Trend analysis XRPUSD expected to see a potential breakout as the price observed a double top pattern with the price trading inside the bands Price at the time of publishing: $0.2454 XRP’s market cap: $11.15 Billion Oscillator indicators are mostly neutral. RSI at 46 in the neutral region. Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral and Hull MA indicates selling opportunities Volume indicators observed decreasing value for blue candles while an increase in value for red candles Price expected to see a potential breakout as the price observed a double top pattern with the price trading inside the bands. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, histogram size decreasing in the negative region suggesting a bearish bias. RSI at 46, below the midline in the neutral region. CCI at -61, in the neutral region. Another interesting point to notice here is that the volume observed decreasing value for blue candles while an increase in value for red candles indicating a shift from buyers to sellers. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XRPUSDShort
by Mudrex
3
GBPAUD WEDGE FORMATION AND BREAK BELOW (Part 2)Scaling in, we see that price is in the process of forming a double top and it is currently forming a doji candle stick at what appears to be the end of the up push. Earlier this week, after my analysis, I saw that price was going to come down to the 200MA after bouncing off resistance. I anticipated a bounce from 200MA back to resistance to form a double top, before going for a proper move to the downside. I took a long trade to resistance after rejection of 200MA area which hit target. Now I am waiting for further candlestick indications that would suggest that price is going down before I place my short trade.
Short
by Chinedumnweke
BTC 1D. The Double top and the Crusade to $7000.BTC price broke the weekly consolidation upward and buyers reached $12,300. But can we confidently claim that the growth trend from March 2020 will continue? We present to your attention fractal analysis done by us. If this scenario works out, it will be the main idea for the next months for us. We will make additions and updates based on it. Therefore, we recommend you subscribe to us and like us in order to receive updates on the idea in time. Most likely, Bitcoin is now forming a double top pattern. Possible development of this figure is reflected by red bars. It is very interesting that the fractal workout falls clearly at the leve l at which we focused our attention a few months ago. $11,385 - $10,760 - $10,350 are the levels at which buyers will impose a struggle on sellers and where price rebounds are possible. However, if sellers push the price below $9825 , then literally in 1-2 months the real target will be around $7000. Altcoins are likely to fall stronger than Bitcoin. Therefore, we need to closely monitor the strength of their rebounces and whether they have interest. Cancellation of this scenario is price fixing above $12,500.
Short
by P_S_trade
8
Overall Bearish Bias CHFJPYPrice appeared to have broken the low during the previous month. This monthly candle appears to be a retracement or a retest of that level. So far it a look as if price will respect that level and may be signaling it's setting up to make a large push to the downside. The weekly time frame show a double top, with a retest to the neckline, price also met resistance at and respected the trend line creating a lower high. Expecting a price to retrace/test and respect the 61.8 fib level on the daily, then creating a bearish impulse/continuation. I'm expecting price to sell off into the lower eclipse, possibly to the lower trend line and respect it, creating a lower low of the bearish trend, while simultaneously creating a higher low in the bigger picture. (this explains the purple and red drawings) Feel free to like, or comment and post your analysis if you see something different!!
Short
by NoCeilingsTrading
AUD/USD SELL SIGNALHey tradomaniacs, welcome to a new free trading-setup. Notice: Keep in mind that we will get to see the FOMC-Statement today. Market can be shaky and volatile! AUD/USD: Day-Swingtrade-Execution🔁 Sell-Limit: 0,71445 Stop-Loss: 0,71755 Target 1: 0,71135 Target 2: 0,70960 Target 3: 0,70780 Target for One-Target-Trader: 0,70960 Stop-Loss: 31 pips Risk: 0,5% - 1% Risk-Reward: 2,04 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
6