Get started

Trianglepattren

XRPUSDT: triangle pattern broke to the upside, LONG OPPORTUNITY?XRP price today is $0.718515 USD, down 3.32% in the last 24 hours, with a 24-hour trading volume of $2,449,258,622 USD. On daily chart we can see how the descending triangle pattern started forming in May just broke to the upside testing the first resistance level at $0.78, where it got rejected. Now a pullback retesting the previous support at ~$0.66 is expected, and this can be a good entry opportunity for long trading. Following the triangle pattern , the aimed target should be $ 1.17, but personally I don't believe it would reach it in the short term, therefore I would set many "taking profits" at the previous resistance levels. RSI on daily chart is decreasing and is now headed to test the previous resistance identified at 46.6 level This is the reason I believe price will suffer a pullback up to $ 0.66 level, before rising again, range which corresponds also the the EMA of Keltner channel (on daily chart ). If this will happen, this can be considered a confirmation for going long as historically, whenever price broken the upper level of the channel immediately a pushback happened to the EMA level before retesting the upper boundary. MACD still looks bullish on daily time frame and Keltner channel is becoming thinner and thinner, a sign that volatility is decreasing. This usually happens before a big move to the upside. TRADING POSITION: Long ENTRY PRICE: < 0.66 TARGETS: 0.77 / 0.84 / 0.87 / 0.95 / 1. 01 / 1.08 STOP LOSS: $ 0.58 TARGETED PROFITS ARE HIGHLIGHTED IN THE GRAPH While on daily chart the price looks bullish , on 4h chart we can see how MACD is under the trendline, price therefore is under the EMA of the Keltner channel and is now decreasing headed to test the lower boundary of it, this corresponding to the spotted entry price. Therefore, 4h chart allows us to understand with more certainty that price will suffer a decrease before our long targets being reached. Moreover the lower boundary of the channel on 4h time frame corresponds to the EMA on daily time frame, a possible confirmation that price won't go under that level. Let's see if XRP will perform as expected. For more ideas like these, please follow us on our social medias as well!
Long
by Lari_Pen
NASDAQ - TRIANGLE!In the NASDAQ I cannot see any new intermediate highs so far, which presents a corrective character of a triangle. I assume that the triangle is the wave (4). As long as we are within the triangle, the upward movement is intact and I expect prices in the 15600 area in the next step. Should we leave the triangle below and go below 14789, we will see larger sell off (also coming below 14445!). So that the upward movement remains intact, the 14708 mark should not be undercut. I´m still in good spirit that the upward movement will continue. I assume that we will hit the lower edge of the triangle again before reaching new all-time highs. H1: Kassa wolfe wave:
CME_MINI:NQ1!
by TizTrader
9
BTC Wyckoffian Analysis - Appearing alerts of Redistribution I posted on my last post here, that I’m thinking the price will rise, but now I think I was wrong. I think there’s a lot of weakness in the market and I will explain why: 1. The highest VP points on the lower half of the range - that is a Sign Of Weakness(SOW) because it means the for most of the range, there is not enough demand, the supply slowly pushes the price lower, and the demand fails to handle it. 2. The volatility is noticeable - there is not even one bullish movement that is not answered with an equal or stronger bearish movement 3. The range keeps getting lower lows 4. OBV decreases through the range - indicates higher volume for bearish movement 5. Macro descending triangle - the range is also a triangle pattern, which indicates movement continuation 6. Macro H&S - the range is the right shoulder of a much bigger H&S pattern
Short
by dma300