The price of Bitcoin formed tweezer tops (reversal pattern) 3 days ago, and after the FUD news in regards to ETF denial of the Winkle twins, we saw further consolidation down to the 7130 price point. There are two channel that contain the price currently. A larger ascending channel that the price is still within, and a potential downward channel. However, I...
Yellow = Buy zone Green = Sell Targets Red = Stop Loss Tweezer bottoms (Green Box) - Reversal pattern Falling wedge - Reversal pattern Stochastic RSI low. Bull Cross RVI - Need to break resistance to confirm continued momentum upward. Smaller timeframes are overbought which should pull the price back within to buy range before continued upward action.
Today and yesterday have the same exact high at 86.15, which makes that a tweezer top . CELG has made a nice recovery from the sell-off and looks to be holding the 100 day SMA on daily. If triggered in, I will look to close out before earnings on July 26 next week.
Overall, BCH price is within a descending channel. We had a small reversal after the tweezer bottoms (in orange) that formed 3/4 days prior. Tenkan san shows the market is ranging. At the same time, Kijun Sen is falling to meet the price which signals a lessening in momentum. The wicks under the past two daily candles further supports that idea as well as the...
81.80 - 80.80 is the key area of support. Two pin bars was formed side-by-side, or another forex term "tweezer bottom" can be spotted on the Weekly chart. Will decide whether to Long the market when it opens tomorrow. Stay tuned. ** This is not a But/Sell recommendation ** ** Please do your own due diligence **
There are potential tweezer bottoms forming on the candles which could signal a small reversal of trend. This price action is further reinforced by the falling wedge pattern being formed. However, ADA has some strong resistance to overcome at the top of the wedge both in the form of psychological resistance as well as the .5 fibonacci level. There's a small...
Current price action looks to be forming a bull pennant on the daily chart. The past two daily candles closed forming tweezer tops signalling a reversal this is confirmed by the Stochastic RSI which just underwent a bearish cross in the overbought region. The kumo as well as the Kijun, and Tenkan sen are all acting as supported this is further reinforced by...
This is the bounce we are most waiting for. I see many bull divergence from some of time frames such as 30 min, 1hour and 4 hour. In addition, i see that we will break this falling wedge. The bull scenario: The thing is, we need to close above the red line 50-MA (recent support) around 8300 for daily candle today. If it happens, we will see a tweezer bottom, and...
Everything adds up almost perfectly among the indicators right now. RVI is low and is nearing past levels of strong support. So volatility and downward momentum is decreasing which is bullish. Room to fall then bounce off support. This is mirrored on the stochastic as well as the TRIX. We should see the price bounce off the bottom of the ascending channel at...
Hi guys, another opportunity on this glorious sunday. AUDNZD has rejected a horizontal resistance zone with a double top. Price has decelerated and has formed 2 hightests, a tweezer top setup. Furthermore the overall weekly trend is bearish aswell. Target is the next support zone, the stop is above the weekly 0.618 fibonacci retracement level. Happy trading
Solid gains last week on the most recent minor bull run. Based on the weekly close...I cashed out. Start of a new week. Candles showing tweezer tops on the 1D TF. Short order(s) placed. Sitting in FIAT on the sidelines for now. It is what it is. All thoughts, comments and constructive criticism will be accepted. Go well. (-_-)
Candle Pattern: tweezer tops Trend: down Trend Entry: with TP/SL Ratio Target: 1 to 1 Target TP PIPs: 10 SL PIPS: 10 Fib Entry: .236 Fib TP: 1.618 Stochastic: short strength Inside EMA/SMA zone: no BB: middle band Notes: breaish engulfing around fib .236 and price respecting middle band in down trend stochastic showing strength to the down side.
tweezer tops formed in retracement of downtrend looking for 1 to 1 ratio TP
JNUG may be in a weekly downtrend, but there is a promising bullish buying opportunity today. We saw the daily 100 EMA act as resistance in October, but in late December,JNUG breached both the 50 EMA and the 100 EMA without a significant pullback. It printed a bearish tweezer top last week, leading to a failed re-test of the 100 EMA in after hours trading last...
Hi traders, At previous resistance we just got a tweezer top following by a bearish engulfing candle. A very good opportunity to go short once you see some pull back. Lets hope for a nice bearish move. Like and Follow for more of my analysis. GOOD LUCK!!
Daily double top with daily tweezer rejection. First target being daily 49EMA and based on momentum two thing could happen: 1.Price could smash right through the daily EMA and continue with the overextended bearish momentum. 2. Weekly double bottom could play out and price could reject daily 49EMA forming HL giving potential long position.
Daily break and retest of the 1.415 zone forming daily Head and Shoulder pattern. Daily closed as Lower High with daily tweezer tops rejecting key resistive zone.
I see a weekly low test rejecting the weekly 51EMA, that lead to an intraday double bottom giving price momentum to break and retest the H1 51EMA. A break and close above 111.5 will present weekly tweezer bottoms for the following week. Lots of upside potential