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Roundingtop

XRP/USDT Rounding TopWhat Is a Rounding Top? A rounding top is a price pattern used in technical analysis. It is identified by daily price movements, in particular the tops, which when graphed, form a downward sloping curve. Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement. The rounding top pattern can develop over several days, weeks, months, or even years, with longer time frames to completion forecasting longer changes in trend. It may be contrasted with a rounding bottom. Understanding a Rounding Top A rounding top pattern is similar to that of an inverse saucer pattern. It is also similar to, and may occur coincidentally with, a double top or triple top price pattern. The main point of recognizing the rounding top pattern is to anticipate a significant change in trend from upward trending prices to downward trending prices. Recognizing this kind of a change can allow traders to take profits and protect themselves from buying into an unfavorable market, or strategize to make money from falling prices by short-selling.
Short
by BabarLaghari
ETH /USDT (Interval 1D)ETH broke out from rounding top pattern on a daily chart, I have marked the target of rounding top pattern which is $1248. This pattern can possibly play out with a flash wick down to this level. Another interesting thing to notice is that soon we will see death cross, Last death cross on ETH happened on Sept 2019 which lasted for over 4 months. ETH is barley holding $2480 support and as we all know supports turn to resistances in bearish trend so less likely ETH will hold. If you want to buy eth, Place ladder down buy orders to accumulate.
Short
by NasirCrypto
4
Nasdaq Setting up for Rounded top Been posting bearish charts for awhile and scaling out of the market. Very hard to fully bet against the Fed but it's to risky to not be hedged right now. Bounced off support today but I think we will visit the bottom of the rising channel - could revisit the February 2020 highs. Market is setup for a perfect top: -Debt ceiling + Delta variant concerns -Parabolic for the past year -Covid got new traders to enter the market (provide liquidity for Wallstreet to sell) -Insiders selling -Advance decline (markets being held up by big companies while majority bleed) -High price to earnings valuations. Top it off, there is a rounding top pattern in the works. I am no expect in distribution, but I am concerned at the number of people who started investing in the past year with no knowledge.
NASDAQ:IXIC
by richardthick
Rounding Top idea for $BEL vs BTCROUNDING TOP IDEA Following up on the initial idea for a Rounding Top playing out on Bitcoin, this 4-hour $BEL chart shows a similar pattern which I expect to perform in an uptrend for a big move up in the mid to long term. April 17th's BTC dip accelerated the pattern closing and almost bounced off the rising trendline support. An impulse move might bring price to ATH by the end of this month (April) depending majorly on Bitcoins behavior. PARABOLIC CURVE THEORY POSSIBLE I've marked price level 7.00 for a future idea analysis on a larger scale timeframe as I believe this coin might be developing a parabolic curve. That level could actually be a base 3. If that turns out to be so, I would confirm the existence of the parabolic curve pattern making it a awesome opportunity for exponential growth which would put the long term price level around the 13.2USDT.
by AponSOKS1978
Rounding Top idea for $BTC***NOT FINANCIAL ADVICE*** ***THIS IS A PERSONAL IDEA, DYOR*** Could this be a Rounding Top pattern??? Note: Bulkowski describes the "Rounding Top" pattern in his Encyclopedia of Chart Patterns, page 608, as an upward breakout, indicating: "As prices move up, they curve around then break upward". He also mentions a downward volume trend as a sign of this pattern. This daily chart shows BitCoin $BTC describing a move that starts at the last days of January 2021 with higher highs (HH) that describe a curved geometry, rounded on the top. Inversely volume is doing the opposite to price and also shows decrease in volume (see Bulkowski note above). Between march 25th and april 21st Divergence indicator signals a bearish div on the Volume-weighted MACD (VWMACD) and Chaikin Money Flow ( CMF ) (see the yellow tag). This divergence is not clearly corrected yet. I'm speculating on 2 possible bullish ideas: The first one is based on a possible ascending trendline starting from mid December LL making a second touch on end of January's LL and that could be confirmed if price action bounces off for a third touch when hitting the 50K support level and if it fails to break down. This could start an uptrend to +78K in short term for Measured Move A. The second one is based on the chance that if price action breaks below the 50K all the way down to the 45K support level we might see an even bigger uptrend, all the way to the +90K level in mid term for Measured Move B. Let's remember that the weekly 21EMA sits at 45K atm. Bearish outcomes can be possible. We've heard people talk about a different scenario playing out if price action breaks the 21 weekly EMA marking the end of Bitcoins bullrun. Let's see what plays out... As always DYOR.
by AponSOKS1978
8
Round Top Pattern. Greetings All, Based on the rounding top pattern, I'm bearish on MRNA in the short-term. Target $116, which is also the 61.8% retracement level from the ATH ($189). Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss.  Loss of principal is possible. Please exercise your own due diligence.
NASDAQ:MRNAShort
by chiefwils0n
4
Rounding Tops. Bullish or Bearish?Rounding top patterns are intrinsically bearish and usually signify bearish reversals when they form in an uptrend. The first rounding top in the chart is between 04 - 23 Nov 2020. However, instead of a bearish reversal, AAPL rallied to new highs in the following days. The second rounding top pattern occurred between 01 - 16 Feb 2021, and this time, it resulted in a bearish reversal as AAPL reversed on the daily chart. Observe the volume in both instances declines in the pattern, and subsequently increases after breakout. Targets Targets are discernible by using a 1:1 ratio based on the height of the rounding top pattern as shown in the chart above. Happy Trading!
NASDAQ:AAPLEducation
by chiefwils0n
2