Width measurement up to 3 levels of FTMWith the beginning of the same sufferings, we can expect the continuation of the process up to three levels ."
MTR
CARDANO- Does the update have a bull effect?Hi everyone
As the news for the new hard fork for CARDANO booming, we can see a pattern on the exact opposite of the news.You may argue with a bull flag pattern or volume and you might be right but a bull flag with accumulation around 50 bars??
For now we have a HH MTR pattern with low risk and high reward, resistance level is 0.69$ and our support levels are 0.6$ and 0.55$.The price may reach the resistance and activate the pattern there, but if it crosses that line we may have a good way up.
Hope this analysis helps you in a way.
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BNB-What can SEC do??Hi everyone
As SEC investigates Binance,the market continues the bear market, but in a good way( There is NO bad way for a day trader).
Well, so far the market fell down and seen a reversal and fell again, that whole line screams MTR but there is always a bear argue in any situation.Let's say SEC finds something then what??
For now, we have the support level of 290$ and 280$ below and resistance level of 295$ & 300$ above and we don't have a good signal bar for today but you may see better bars in lower time frames like 4 Hours, just be care full and take care.
Hope this analysis helps you in a way.
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BITCOIN-A trend line to a better price.Hi everyone
After a bear climactic behavior from BTCUSDT in weekly time frame, we had a LH MTR which took the price to today's level.Now we can see a divergence in 4 hours time frame on RSI which can lead to lower prices.
IN 1 hours chart, a trading range with more than 16 bars is visible. this can be a final flag in a bull trend and create a HH MTR , turning our sharp bull to weaker but steady bull trend.
Hope this analysis helps you in a way.
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GOLD- HOW LOW CAN IT GOO??Hi everyone
As we got ourselves a good start for this week for XAUUSD, we can see last week's buying pressure was less than the prior bar,so with this perspective and structure on daily time frame which is, bars with long shadows showing less buying pressure than the prior trend,bear context might be more reliable.
Context for 4h chart in the next couple of bars might be more red than green, because the pattern here may turn out to be a MTR pattern.The pattern here might be a triangle ( inside the channel).
Resistance factors are 1865$ level and the top of the channel,and for support we get,1850$ level and of course bottom of our channel.
Hope this analysis helps you in a way.
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Cardano-more bear or a reversal??Hi everyone.
ADAUSDT have created a small weak channel in daily time frame .Considering the context on the chart ,we have a MTR scenario ahead. MTR is an easy and profitable pattern to trade for experts and beginners as it has one of the best traders equation.(Major Trend Reversal).
For now we have a channel in between 0.4$ & 0.6$.If the pattern takes place right here,we may get a weak bull channel a head.
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Mesa Royalty Trust losing altitude. MTRImmediate targets 7, 6.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Dow Jones formation MTRHI TRADERS... The price in broad bullish chanell in HTF and we have fristly wedge bottom secondly bullish break out along with EMA GAP
On other hand price have a good consolidation away from DemandZone
i think buy 50% pullback and scale in lower price upper DemandZone is a good idea
Major Trend Reversal based on Al Brooks theory; 40% probability.Subjective analysis based on the Al Brooks method. We have a broad bullish channel, and within that channel we have an upward and downward trend. If the context continues in the same way (it will probably continue until the market cycle changes) it is possible to imagine a new bearish leg that sets up a new bearish trend within the broad bullish channel illustrated. In addition, a major trend reversal sequence (from high to low) was noted in a region of resistance of the bullish broad channel + high climate bar in the region of resistance. According to the theory, we will have a 40% chance of reaching a 2 to 1 target, however, in my opinion we have a little more probability, I would say more than 60% of reaching the first target, due to the macro context in which the broad channel discharge is inserted.
A Minor Reversal Setup On USOIL USOIL opened with a massive gap that broke through some resistance lines outlined in the earlier posts. Currently the market participants are seemingly waiting for a pullback to enter limit buys and potentially targeting couple of hundred ticks. This chart shows possible price movements during the next couple of weeks. Limit buy orders around 5225, the top of the previous pullback range, with wider stops seem reasonable for now. It is recommended to reduce the position size to 1/2 and add as the position moves into green territory.
A 3 Day Trend IndicatorA 3 day chart is very useful in terms of being able to see a major trend reversal. It eliminates the noise of daily or lower timeframe charts and shows the change in trend faster than the higher timeframes such as the weekly and monthly. Keep track of the candles and look for a higher high and higher low candle for the first signal. The USOIL chart above shows a sequence of 3 day candles that have lower lows and lower highs for the past 8 or more candles, clearly showing that the major trend is down. Short risk on oil is out of the question as long as there's no higher high and higher low 3 day candle. As soon as there's one, at least a minor change in trend can be anticipated and traders are likely to switch to short risk.
USOIL 5H Possible MTRUSOIL -0.09% is seemingly about to pull a major trend reversal on the 5H timeframe. The 6780 area resistance is the first zone that bulls need to clear to pave a way to the gap area around 6850. Currently the 5H shows a pullback formation within a bear trend. If sellers persist, they will add shorts around the aforementioned resistance area of 6780. If demand takes over, a good chance of testing the gap area. Also, USOIL -0.09% is below the 150 day EMA , this is the make or break area for longterm trend.