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Higherlows

Is Ethereum is about to breakout of an Ascending Triangle?!?ETH is potentially on the verge of breaking out of an Ascending Triangle, BTC has recently broken flush to the upside of a similar pattern linked to this chart. On the RSI there's a series of higher lows coinciding with the upward sloping support of an Ascending Triangle similar to the price action. On the KST there's been a bullish cross where I have placed the blue downward-sloping finger. If there is any retracement look for support at the red line first, if that doesn't hold the upward sloping line of the pattern should act as support again.
COINBASE:ETHUSD
by ScotianBot
Ascending Triangle for Bitcoin??After breaking out from a crude bullish flag or what could have been considered a descending triangle linked to this post, BTC has consolidated into an Ascending Triangle drawn in light blue. On the RSI there is a similar pattern as the price action, notice the series of higher lows along with the blue upward sloping support of the Ascending Triangle. On the KST there's been a breakout of potentially a bullish flag pattern on a macro level, on a micro time frame there's been a bearish cross displaying the red line crossing over downward of the green line.
COINBASE:BTCUSD
by ScotianBot
2
BTCUSDT Bullish price action on 1H chart may be bottom formingI am not saying this with certainty but these are the types of price action that I watch out for if I want to trade reversals. We seem to be forging a possible higher low with the current price action. Could this be the first higher low that kicks off a bull leg? I think the context is valid for it so something tells me it is but we need confirmation first. Looking to see if a higher high materializes from here. Note that a reversal here is lower probability (maybe about 40% chance or less) so this is definitely not trading advice.
Long
by thedailychartist
Possibly a rising wedge for GLXY?Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily. Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level. Ideally, the volume will decline as the price rises & the wedge evolves, however, the volume has seen an increase & currently GLXY is breaking the blue sloping resistance of the wedge pattern to the upside! That's the Bitcoin effect lol? On the KST there may be a bullish cross about to happen in the near term, a few more trading days will provide a better indication of which way the trend is heading. The RSI is displaying higher lows & higher highs since early December. The DPO is at an all-time high currently, if there's any pullback it would be ideal if the blue line held as support before continuing upward, and if not it'll likely act as resistance & the trend may be reversing, only time will tell.
TSX:GLXY
by ScotianBot
1
WAVESUSDT Dynamic S/R| Supply Zone| Declining Volume| 200 MA S/REvening Traders, Today’s analysis – WAVESUSDT- trading with a higher low construction, a break will be imminent, Points to consider, - Price Action Equilibrium - Dynamic S/R Support (200 MA Confluence) - Supply Zone Resistance - Declining Volume - Oscillators Neutral WAVESUSDT’s immediate price action is bullish with consecutive higher lows. The current equilibrium is forming at its apex where a break will be imminent. The Dynamic S/R is in confluence with the 200 NA as projected support, maintaining these as such will be indicative of strength. The Supply Zone is crucial resistance that needs to be breached; closing above with consecutive candles will be another indication of strength. Immediate volume profile is declining considerably; this is a pre-sign of a volatility expansion being imminent. Both oscillators are currently trading in their respective neutral zones; a break in price will cause a momentum shift in both the RSI and Stochastics. Overall, in my opinion, WAVESUSDT is a valid long if bullish signs persist; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
WLong
by AzizKhanZamani
11
EURGBP 4H Long - E0.8877; SL0.8812; TP0.9149; RR4.17FX:EURGBP seems to be leaving the bearish channel. We can see multiple signals that confirm there's a possible trend reversal coming up, leaning to bullish: Strong signals 1. The chart retested the strong support area around 0.8866 2. There's two higher lows (HL) a third one would me the confirmation even stronger Weak signals 3. The chart is grinding the lower band which could mean an upward move is imminent 4. MACD shows that K% is nearing D% which could mean a trend reversal leaning to bullish 5. Stochastic RSI shows price was oversold recently Trade setup Entry: 0.8877 Stop loss: 0.8812 Take profit: 0.9149 Risk reward ratio: 4.17
Long
by AlgoSurfer
2
LINKUSDT getting interesting. Here are my levels...I was watching for the market to hit 7.0 but it undershot the price and rallied, which I think is a good sign. Now we are finding support at 9.0 which was a previous inflection level. Where to next? If current candle closes near its high (bullish candle), I'd bet we would see at least a small leg up. If buyers got the strength, we should see a re-test of resistance just above 11. A daily close above that would be interesting (to say the least). Check out the 4HR chart below and see if it doesn't excite the chartist in you... :)
Long
by thedailychartist
1
Bullish Flag breakout for DKNG??It appears as though DKNG is breaking out of a bull flag, very interesting bullish cross on the KST. The first green finger on the KST back in April is what we want to see happen again, not like the red finger icon in July which basically resulted in choppy trading. Higher lows on the RSI and it's looking like a higher high is going to occur in the near term. Overall a few bullish indicators, add to the fact Michael Jordan Joins DraftKings as a Special Advisor to the Board and there's sentiment for upside price action.
NASDAQ:DKNGLong
by ScotianBot
AUDUSD Rising Wedge| Structural Resistance| Technical Target Evening Traders, Today’s Analysis – AUDUSD – trading in a rising wedge pattern at key structural resistance, a break bearish is plausible. Points to consider, - Consecutive higher lows - Strong structural resistance - Technical target (local support) - RSI and Stochastics lower high projection - Volume influx needed AUDUSD has been putting in consecutive higher lows as it trades closer to its rising wedge apex. Structural resistance is a key trade location; a break above this will NEGATE the trade setup. The technical target for this rising wedge is at local support, assuming price breaks down from the structural resistance zone . The stochastics and the RSI is projected to establish a lower high if price tests structural resistance. This will put in a double bearish divergence, thus putting more emphasis on a breakdown. There needs to be a volume influx upon a break in either direction of the rising wedge for confirmation. This will help avoid any bear and or bull traps. Overall, in my opinion, AUDUSD is approaching a key macro structural resistance. A short trade is valid with defined risk above resistance. For confirmation, wait for the wedge to break with increasing volume . What are your thoughts? Please leave a like and comment, And remember, “Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.” ― Yvan Byeajee
Short
by AzizKhanZamani
2
Bitcoin: What Proof Do We Need To Become Bearish?Bitcoin price structure continues to favor a push to higher prices. Although the 7300 level has not yet been cleared, the fact the price continues to flirt with resistance is a sign of strength based on the criteria that we evaluate. UNTIL the market confirms a change in the balance of order flow, we will continue to look for strength. In this video I explain what a confirmed change looks like in order for us to change our expectations from bullish back to range bound. Key Point: For the LONG only swing trade strategy that we employ, near term price structure carries meaningful weight. The recent series of higher lows (5700 area, 6500 area) represent strength and point to the greater probability that price pushes to a higher high (8K area). We have been managing a swing trade from 5750 and recently shared a more aggressive idea at 7025. The structure is our guide and we give the market a chance to let the probabilities play out UNLESS the structure changes. The key here is letting the market PROVE itself and not asserting and acting on our own opinions or feelings about what the market should do. That is why we make it very clear that we do NOT react to noise. The 7300 to 8K zone is a resistance zone where selling activity and a potential reversal are a possibility. And we consider this conflict in light of the bullish structure. At some point the MARKET will choose which way the order flow imbalance will sway. As long as the key support levels of 6425 and 6K stay intact, we maintain our bullish outlook and will NOT be distracted by price noise, or others who tend to over react to information that is much less relevant to our time frame. Waiting for the market to produce PROOF to confirm an idea is key to an effective process when it comes to timing. Reacting to information instead of WAITING and ANTICIPATING is a sure way to empty your account. A reaction is usually rooted in a fear, either of missing out or of losing money. That type of behavior is what leads to the herd mentality and has little to do with "being informed" or logic.
BITSTAMP:BTCUSD
by MarcPMarkets
6
Trade with the TrendThis is a follow up on my previous post. We managed to break below our support from the wedge consolidation on the 15m timeframe and currently we find ourselves in a parallel downward channel. The fundamentals helped push the price lower in a short period of time as the indexes opened really low on the US session, and as we all know, for the past month or so, Bitcoin has been really correlated with their movements. As for the technicals, we just bounced off the lower descending trendline and we would like to see the price go further up to retest another potential higher low of the descending trendline as illustrated on the chart. This is NOT a financial advice, trade at your own risk!
BITMEX:BTCUSD.PShort
by Proszi