🔥 MATIC Massive Triangle: Accumulation Before Break OutMATIC has been trading inside this massive triangle for over 2 years at this point. Chances are that it will take another year before MATIC will finally break out of this pattern.
In my view, this triangle is a huge accumulation area where traders are loading in their bags in preparation for the next leg up.
This can really fly once we break out. Time will tell. Patience is key.
Pattern
🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support.
I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low.
The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
TRX - Inverse head and shoulder - Breakout ImminentBINANCE:TRXUSDT (6H CHART) Technical Analysis Update
TRX is currently trading at $0.12346 and has formed a inverse head and shoulder pattern. Price is currently around the resistance line, if see a resistance breakout then we have potential for a good LONG Trade.
I will wait till we have a confirmed breakout of the resistance and enter the long trade only after that.
Entry level: $ 0.12461 (Candle Close above this)
Stop Loss Level: $ 0.11752
TakeProfit 1: $ 0.12778
TakeProfit 2: $ 0.13172
TakeProfit 3: $ 0.13764
TakeProfit 4: $ 0.14398
Max Leverage: 5x
Position Size: 1-2% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
🔥 Bitcoin Inverse Head & Shoulders! New All-Time High Soon 🚀Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern.
In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed.
As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min). In my eyes, this could be the start of the next leg up towards the current all-time high, and likely beyond.
BITCOIN - Price can bounce up from support line of wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to falling channel, where it soon broke $68900 resistance level and fell to support line.
Next, price tried to grow, but failed and declined to $60100 support level, after which bounced up.
BTC rose to resistance line of channel and then continued to decline near this line, after which made downward impulse.
Price exited from falling channel, and entered to wedge, where it broke $60100 level, which coincided with support area.
Soon, price bounced from support line of wedge and rose to resistance line, breaking support level again.
Recently BTC fell to this level and now I think price can bounce up from support line to $66500 resistance line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Gold Market Update Exploring TrendsDiscover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
HDFC LIFE is going to blast !!HDFC life is a underperformer for Many years.
Stock is forming Broadening Pattern in a long term
We can see stock has bounced back from the support and now in an uptrend stock has formed Falling wedge
Which indicating that stock may go up from hereon
Also Stock is around the support of Falling wedge
Long term support is around 480-500 levels.
One can start accumulate the stock for good return !!
Thank You !!
GBPUSD short setuphello traders this my trading setup
Strategy : institutional tactics
If you like my idea please hit the like button, follow and show some love
wish you good luck and good trading
NIFTY 15Min CANDLE TRIANGLE PATTERN Nifty forms a wedge or triangle pattern in 15min time frame and double top completion spot may have high chance of reversal from 22000 mark
🔥 Bitcoin Inverse Head & Shoulders: Back To All Time Highs!Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern.
In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH.
Note: the pattern has not been confirmed yet, so wait for the price to break through the neckline for the pattern to be confirmed.
Share your thoughts 🙏
CHZ - Bullish on Weekly Chart#CHZ/USDT #Analysis
Description
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+ Looking at the weekly chart, CHZ is displaying a distinct breakout from the channel, indicating an overall bullish signal.
+ Examining the higher timeframe reinforces this bullish sentiment.
+ On the lower timeframe, we might anticipate a price pullback, presenting a favorable opportunity to improve our entry price through averaging.
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VectorAlgo Trade Details
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Entry Price: 0.12756
Stop Loss: 0.04482
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Target 1: 0.16175
Target 2: 0.24233
Target 3: 0.35612
Target 4: 0.46627
Target 5: 0.90295
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
$BNB is forming a beautiful triangleCRYPTOCAP:BNB is forming a beautiful triangle
I inicially thought it would form a parallel channel, but no, as you can see the channel is still on chart (in yellow)
Breakout from this triangle will give us 27% from today price
Expect some more downtrend for a few days before the breakout, as the Detonator indicator (purple) is riding on top of oscilation
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle.
It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life.
The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort.
Keep an eye on this trade!
🔥 BONK Bull-Flag Signal: Prepare For ReversalBONK has reversed from the previous local top, making it a double top reversal. I'm not betting on further bearish price action, but in case it does, I'm waiting for the price to reach the bottom diagonal support for a quick reversal entry.
Target at the top resistance, stop below the most recent local low.
The weekly on btcusd.Interesting weekly candle, a hammer that needs confirmation in the next 2 or 3 weeks. These types of patterns require confirmation within the following 2/3 sessions, they represent a retracement in the majority of cases, only if seen on the top or bottom can they represent a reversal, here we have no such scenario, the candle has manifested itself during an intermediate correction, ergo the retracement or correction could end here. Now we just need to observe the next weekly sessions, a perforation of the hammer low could mean that the correction is not over, but at that point the scenarios would change if this hypothesis were to manifest itself.
xauusd 1HThe market to continue moving lower prices support line2277.345 than we can expect a rebound from it, potentially support the resistance.
I think the market might moves up to resistance level
My goal is a resistance level of 2326.515
AUDUSD on the downsideThe price is moving in a downward direction to establish a possible pattern. This pattern is only drawn for a schematic view and it may move down in a different direction. Money management is mandatory.
GBPUSD has the possibility of price correctionBased on the wave counter that has been done, you can see that in the 4-hour time frame, there is a lot of possibility and potential to reduce the price to at least 1.1955.
NZDUSD will fall in 4 hoursAccording to the price chart, NZDUSD will
probably fall in the 4-hour time frame and will go
down to the 0.57540 range. This is an idea that has
a lot of potential to be realized, but it should be
entered into the transaction with capital
management and with low risk.
🔥 Ethereum's Big Short: Conquer The Next Bear MarketThis analysis is based on a massive rising wedge pattern that has been developing over 7 years at this point. It's a long-term trade, so we have to be patient.
The trade is simple; we're going to wait until the top of the next bull-market to enter a short on ETH. When this trade will activated remains to be seen. I'm waiting for ETH to touch the top resistance of the pattern.
Rising wedges are often bearish reversal patterns, so we can ride the wave from ~15k all the way to ~3k potentially. Exact numbers will be clear once we actually arrive there.
Assuming we're going to touch the top resistance, this trade can be double dipped:
- Buy and hold until the top resistance has been hit for 400%-500% gains.
- Short for another 60%-80% gain.
🔥 Bitcoin: Don't Miss This Massive Trade!In this analysis I want to elaborate further on my previous analysis where I talked about the daily RSI of BTC almost being oversold, which is historically a great time to buy during bullish long-term trends.
As seen on the chart, I'm looking at both the RSI and the diagonal purple trendline. Ideally, the daily RSI will be lower than 30 and BTC will be trading closely around the trendline. This will activate the reversal trade.
In my eyes, it's possible that said reversal will be the start of a new bullish trend for BTC, which can potentially take us all the way to 100k.
Small risk, huge reward. What do you think?
🔥 Bitcoin Blood In The Streets: A Great Buy Opportunity?""The time to buy is when there's blood in the streets."
A quote that most traders are familiar with. It basically means to buy assets during periods of weakness.
Bitcoin is currently experiencing a very volatily bearish period.
With a daily RSI sitting around 32 points, it takes just one red day for the daily RSI to hit oversold levels. During strong long-term bullish trends, buying when the daily RSI hits oversold generally indicates a great time to buy.
Seeing that the overall trend has been bullish for almost 1.5 years, I wouldn't pass on a potential swing-trade. Chances are that this is the final dip before 100k.
Do I know for sure? No. However, it's a bet I'm willing to take.
My overall perception is that there's likely more selling ahead from this point, but we cannot ignore statistical data.
You buying the dip? Interested to hear your thoughts.
BITCOIN ENTERING INTO A BEAR MARKET? Bitcoin has finally broken below 60k and we are starting to see our bull trend get reversed!
