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Retest

BNB => Ascending channel retest 🚀🚀🚀Binance Coin (BNB) has emerged as one of the stalwarts in the cryptocurrency space, showcasing remarkable strength and resilience. Let's delve into the fascinating world of BNB's price action, particularly its impressive ascending channel on the weekly chart, and explore the potential for a bullish breakout. Binance Coin's Ascending Channel: A Powerhouse of Potential The weekly chart reveals BNB's remarkable performance within an ascending channel. This channel represents an area where BNB's price oscillates upward within well-defined boundaries. Ascending channels often serve as powerful indicators of a bullish trend. Anticipating a Fakeout: A Clever Strategy As BNB moves within the confines of this ascending channel, traders should be aware of a potential fakeout. A fakeout occurs when the price temporarily breaks below the channel, tricking traders into selling. Look how fakeout can be done : A fakeout is a strategic move by whales and market participants to shake out inexperienced traders. The Art of the Retest: A Bullish Sign Should BNB execute a fakeout, it often follows up with a retest of the ascending channel's upper boundary. The retest serves as a validation of the channel's significance and a strong bullish signal. Experienced traders often view retests as prime entry points for long positions. BNB's Weekly Strength: An Encouraging Indicator BNB's ability to maintain its upward momentum on the weekly chart is a promising sign. Strength on the weekly timeframe is often seen as a sign of potential further growth in the mid to long term. Conclusion: Seizing the Binance Coin Opportunity As Binance Coin demonstrates its strength within the ascending channel, traders and investors have the chance to make informed decisions and capitalize on potential opportunities. Understanding the nuances of a fakeout and the subsequent retest can be a strategic advantage. While the cryptocurrency market remains dynamic and unpredictable, recognizing and leveraging these patterns and signals can empower traders to navigate the ever-evolving landscape. Remember to employ sound risk management practices and stay informed. Engaging in discussions, sharing your insights, and being part of the crypto community can be invaluable in this exciting journey. 🚀💼🌐 ❗See related ideas below❗ Feel free to like, share, and leave your thoughts in the comments.💚🚀💚
Long
by Yaroslav_Krasko
BITCOIN BULLISH short term!!!Bitcoin has broken through a massive downtrend and is now retesting the diagonal or dynamic resistance. If bitcoin manages to hold these levels, I would exspect prices to move higher at tap the 28k level. This is a great area to enter a long while managing your risk for a 2% max loss on trade if your stop-loss hits. You can also see that on the 6hr TF is is well oversold which is more bullish than bearish in the medium term. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
2
Crude Oil headed lower or higher from here?This is why I think Oil will head lower. October 5th and 6th were very big down days that created an imbalance around the 87.1 area. We saw a break down of the channel and now even after news it only retested the 87.1 area and wasn't able to get above that. Currently, it's trading just below the broken channel and is struggling to get more traction. Bear case: The Bulls aren't able to push the price higher above the 87.1 and we head lower. If that's the case we may see Oil head lower to the low 70's or high 60's area. That'd be roughly the measured objective of the broken channel. Bull case: The Bulls push past the 87.1 area and have a decisive move above it. This would result in a false break down of the channel and would open the possibility of a much stronger move towards the $95 area and potentially higher. A false break to one side of a pattern like this often cause an aggressive move in the opposite direction. All that being said, this of course, will affect Energy stocks so be sure to manage your risk and DYDD
BLACKBULL:USOIL.F
by HaseebKhan_90
1
UJ: “Break & Retest” Setup on “Momentum” Entry (18/100)System has identified a “B&R” playbook setup and a potential “momentum” shift market entry during the first hour of the ASIA 12-Candle Window. RISK: 1R TARGET: 2R ***DISCLAIMER*** This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
Long
by USA_Capital_Funds
ETH ANALYSIS🌸#ETH Analysis : Breakout and Retest ✅️ ✅️ 🚀#ETH was following falling wedge patten on 1 day time frame and we can see a confirmed falling wedge breakout with retest which indicates a bullish move in #ETH.💲💲 🔖 Current Price: $1617 ⏳️ Target Price: $2000 ⁉️ What to do? - We can trade according to the #ETH chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #ETHAnalysis #Cryptocurrency #Breakout #Retest #DYOR
Long
by ZEUS_Market_Alerts