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Sideways

ADAUSD Slow Sideways Consolidation Falling WedgeImportant things to note: ALTS are trading sideways mostly as I said would happen. ADA price should pullback a bit short term and bounce. ADA also in descending wedge (longer term). Waiting on BTC.D to drop. When BTC.D falls, alt pairs will start moving upwards. Most alts are consolidating strongly. Very slow PA right now. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So I haven't updated in a few days because there wasn't much to update. BTC is consolidating currently for the next move which will likely create a new ATH. I expect a pullback around 73k but we will see. It is after this that I expect alts to start moving again. I have been keeping an eye on BTC.D and I feel like it is very close to hitting its top. I can obviously be wrong since we don't know what will happen when BTC hits numbers never imagined previously. Most alts including ADA have done exactly what I said would happen which would be to consolidate in a lot of sideways PA. Remember we expect to see mostly consolidation, slow grinding upward gains, and a pullback or two until alts start to really move. That is exactly what you are seeing right now. ADA is in an ascending channel so expect a small pullback, the size of the bounce will tell you where the price is likely to head next. Looking longer term, ADA is in a descending wedge, so you can expect that the price will bounce and break out of the pattern at some point. Also notice the 200MA is rising. I do not see the price falling below this point at the moment. However, it can bounce off of it and everyday, the 200MA gets closer to the price. As always, I will continue to update everyone on the price movements. However, do not expect much of anything until BTC.D starts falling. This is a great opportunity to DCA if you haven't and not just with ADA. There are plenty of opportunities out there and I have spent this consolidation period swing trading the sideways PA and rotating into promising looking alts. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
37
Time For A Pull Back?Hi all, We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened. Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we have 47.660 also coincides with Point of control and 45k as the last retracement levels. If 45k is lost, then it's game over :) Upside target, 60k waits as a weekly and physiological target. We should wait until support or resistance levels of the current sideways trading range is broken and verify the direction with a swing failure. Note that there are many bull and bear traps now, so don't FOMO into anything, set your alerts and wait for confirmation before taking action. But hey, what do i know :) Trade safe!
by BitcoinMillio18
3
Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21. In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test. We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get at the levels marked . I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel . If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel . Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region . Trade the range Until it Breaks was some great advice that I was taught ! Always Know your Invalidation and Have a Trading Plan ! Share Comment and Like ..Appreciated
COMEX:SI1!
by SJTRADESFUTURES
EURUSD.Trapped in a Tiny Range. Getting ready for the Breakout.EURUSD is trapped in a tiny rage between 1.1700-10 and 1.1745-50. Trend remains down as we can see clearly in the chart. Today's announcement will lead outside these boundaries. Upside Break will open the road for 1.1790-1800. A break below 1.1710 will eventually lead to 1.1660-65. The first touch of 1.1790-1800 could be used for Short term Sell positions. The opposite is true for 1.1660. Next levels to watch are 1.1850 to the upside and 1.1600-10 to the downside. We will update the idea with comments after the announcement...
by Chartist-Trading
GBPAUD 📉Decline to pivot points⚡As of today, ltrym has been trading sideways since July 27th. During this time, clear boundaries and control points of support were formed. Further price movement - when the sideways range is broken, I expect a descent to the pivot point and back into the range - a false exit. We are also now at the lower boundary of the local ascending channel. If we break it, then we go down to the border of the range and push off from it. The second idea has more chances of implementation, since the sideline is quite old, which means its boundaries are quite strong. Have a nice trade!
Short
by TradingAlchemist
3