$BNX - bullish if we break out of the rectangle pattern!the price has formed a rectangle pattern made of a good support level @100 and the resistances @120 and @130
if we see a breakout from the @130 resistance on the 1D timeframe, we can expect a good rally until the following resistance, which would be around 160 thus providing a juicy 17 % ish profit!
I'm entering if this scenario plays out, just be patient guys!
let me know what you think about this!
Rectanglepattern
XTZ (TEZOS) ANALYSIS UPDATEGood analysis is not the one that is perfect but the one that has numerous backup plans to reduce probability to the minimal.
Following XTZ for the past few days we have 4 different pattern in place the up trendline which failed along the line, the Wolfe pattern which was truncated, the ascending triangle which as well failed (got me remembering the old time rule which says never risk more that 2% of your portfolio on triangles), and finally, the rectangle pattern!.
Now its heading towards resistance of the rectangle. if price closes above the rectangle with volume then go long else, watchout it could still go back to it origin.
BTC going to be bearishAs we posted in previous idea BTC is trading inside a bearish triangle and its broke out of it. Most youtubers still saying we are bullish but birdies are not.
We are seeing a rectangle which is a continuation pattern means soon we are going more down to hit our target which is 40k-41k.
We may go down from here or we gonna retest the neckline of triangle but both scenarios are bearish.
PRZ as Rectangle in CADJPY to go bullishJust be careful when the price arrives at the harmonic point entry.
TRV: RECTANGLE PATTERN BREAK WATCHRectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle, until it finally breaks to the upside or downside.
TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant the breakout .
I will watch for a break of 162.77 and enter a long trade only if we break this level.
First target at more or less 180.
AUD/USD analysisFormation of the rectangle shape in the Downtrend making momentum rest .
Followed by the impulse movement to lower price.
COROMANDEL 31/7/21this weekly chart which gives neat idea of structure and less noise.
there is good volume expansion with wide range green candles.you
have to be patient with these kind of stocks and stick to weekly time frame
Doge coin speculationtoo many breakdowns in the past few sessions and we need to watch out for further breakdowns as the volumes look bleak
disclaimer: for educational purpose only and not recommended for trade
ETHUSD | Entry On Pull Back To The Mean | EMA | Pin BarEntry comes after the pin bar form on rectangle resistance turned support at price level 2133.07. Resistance level turned support has four or more touches. Closing price of pin bar is near the price value of exponential moving averages. EMA s are pointing up which indicates an up trend.
Exponential Moving Average Period 10: 2119.21
Exponential Moving Average Period 20: 2096.45
Closing Price of Pin Bar: 2133.08
Trend: Up Trend
Level: Horizontal Support Resistance, Exponential Moving Average Period 10, Exponential Moving Average Period 20, Dynamic Support Resistance
Signal: Pin Bar
Pattern: Rectangle
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Price and Time of Candle
