- Broke first trend line. Now in descending wedge pattern. Candle closed below support at 61.8% FIBS level, current candle pulled back but hasn't closed yet. - If 61.8% support does not hold, the descending wedge will continue to 78.6% FIBS support (first red circle). This area will see price action (break up or down) from descending wedge. Area also coincides...
Link has respected the daily uptrend, broke through the downtrend with a bullish engulfing. Large target given the volatility of btc lately. Deemed a higher risk trade so only 0.5% of acc risk. I Will have a trailing stop set up after each Take profit hit. Last TP make also be set as a trailing TP depending how trade goes
Long trade within the trend, based on my previous TA about the cup and handle, Going with the philosophy "its right until its not" Hit the previous demand block and also stayed above daily support, long to upper trend line with TP's along the way.
LinkUSD pair has formed a tripple top, with multiple points of support and resistance converging. Should there be a break in the swing low, significant downside might be expected.
Ascending triangle into this resistance zone. If we have some solid bullish candles closing above this zone, look to enter long (if the triangle breaks, start looking for potential shorts instead). Stop loss should be below the zone in case we have a little pullback/wicks to the downside. First take profit is at daily resistance (2460), then next target is...
Entry: bear flag forming on 4hr and daily, could be potential double top. enter now or wait for break in flag. Exits: exit trade at bottom of flag Timing: bear flag has been forming for a few days could take the same time to form and drop.
MATIC has commenced EW and now looking to retrace to 4 prior to moving to 5. Looking for scaled entries around the 0.5 and 0.618 on fibs from the retrace. Looking for a conservative exit point for the first 2 positions and then hope to let the final position ride to see how far it goes and controlled by a stop loss. MATIC has conformed well to EW previously.