ETH/USD C wave long - Symmetrical triangle spottedETH/USD C wave long - Symmetrical triangle spotted
W-patterns
BTC Fueling Up For Journey To 28K???Here on my weekly chart we have a couple of interesting trend lines. First we have a MASSIVE triangle pattern which dates back to July 2017 continuing to coil up currently. Things to consider is that we have not had a new macro higher high in about 2 and a half years, so that being said we COULD still be in a down trend facing resistance ready to plunge currently.
HOWEVER! the fact that we hammered up so fast toward our horizontal resistance as well as the very top of our triangle resistance without getting a violent rejection makes me think the price is currently tapping away as resistance getting ready to smash through. The measured move (height of triangle) would give us a price target of about 27-28k usd. On top of that if we break out of my top resistance triangle line it looks like we will also be breaking above my purple horizontal resistance setting a long awaited higher high. In my opinion this pattern is NOT valid until we see a confirmed breakout but I have been following all white weekly trend lines very closely since March and they've been playing out exactly as expected. EVEN THE COVID DUMP TESTED MY TRIANGLE PERFECTLY!
I assumed after we broke my first line there that we could coil up between my trend lines before a proper breakout. Even with a candle close above my triangle pattern we could hug the resistance as what I would hope to be a flip to support for some time before actually blasting off.
Triangles are my favorite patterns to play so this one makes me excited to watch play out in what could be the not too distance future. With the breakout of a triangle pattern as well as setting a new macro higher high we could really see fomo kick into gear with the start of a proper new bull market cycle which COULD send prices much higher, but 28k is more of a realistic target to shoot for I figure with the measured move :) Of course this isn't an over night type of trade, this is my weekly chart so it would take time to play out IF it does.
INCY: $92 need to hold for a few more daysLong condition:
1. $92, met
2. Regain strength near here - INCY needs to hold the key level for a few days.
USDCAD
Im expecting the price to start going up from now, affter last week falling.
The price just break this trend line and is retesting now,
We have a strong rejection from the higher time frames and also a visible double bottom 📈 🙏⏳
Thank You GoPro For The 111% ❤ (GPRO)Today is the day I am taking profit on gopro, it was a nice 2+ Month swing trade and I'm very happy with the results! 💰💰💰💰💰💰💰💰💰 We are now getting into some severe Resistance levels and this thing has just been running up like no other! We are now at the top of the downward parallel channel on the larger timeframes. If it could push above would I get interested again? Maybe.
I'm in the rebuilding process of new positions for my portfolio as everything in the stock market that I have held is now coming to a close. Most likely just going to roll this over to the cryptocurrency market. I got my eyes on some very important positions that I want in crypto.
Thank you gopro, do yo thang!
Love you!!! ❤❤❤
🥇MLT | MAJOR LEAGUE TRADER
OCO Completo em EURGBPOCO Completo em EURGBP
Mas atenção! Posições curtas devem ser introduzidas após um claro rompimento do nível de 0.88664 e houver um pullback no mesmo nível e stop acima deste.
Macd indica uma clara divergência clássica de baixa e no momento se encontra em território negativo
A maior parte dos indicadores técnicos apresentam sinal de baixa bem como médias de 20,50 e 100 períodos.
Dealing with impatience6.1.20 Dealing with Impulse/impatience; gold silver oil ES Dow NewYork Russel 2-618 reversal patterns ( but with bullish price action )
USDJPY 28.05.2020This analysis is only intended for educational purposes, not financial advice!
Be safe !
Short Term Sell, then short term buyHello guys,
This is what I see happening with XRP right now. Anything can happen and we will adapt to what the market is telling us.
The first white rectangle is our first buy zone. Price can come down and bounce around .1856 --- It can, however, come down to the second rectangle and create that double bottom. To move to the upside targeting the top of the pattern and potentially to a higher zone.
We will watch how the market reacts. Pattern identification and price action are key in these zones.
USDJPY 25.05.2020Good day everyone!
Rising wedges usually breaks to the downside as we can all see in this USD/JPY pair.
As it stands the US Dollar is getting weaker and I believe that the market could go as low as 107.000 to 106.750 range where we could see a push to the upside again towards the 110 range.
Wish you a great day in trading and be safe!
If this helped you in any way feel free to leave a like.
AUDJPY setting up nicely for a SELL 🎿HTFs - From daily down to 1H, price has been corrective for weeks and has formed an ascending expanding formation. Weeks prior, there was heavy bearish momentum which is clear when zooming to higher time frames |
LTFs - Internal structure is clean with a middle section showing wave behaviour. Clue is the ascending channel at the end of the structure with the 123 formation
ENTRY - One my favourite pairs to trade. Have been waiting patiently for this to reach an area of value which will be once the high is broken and price begins to show deceleration and a rejection at outer structure. Otherwise will be waiting for the market to show signs of reversing. If none of the above then no trade for me
BTC/USD Short Idea R/R Ratio: 6As always good R/R. Easiest stop loss.
Should be low leverage trade. Bearish local formation, probably because of "satoshi coins" FUD. Don't really like to trade during or after the news, but i can't move past this trade, too good of opportunity. Get out of the trade if price reaches 9700
AUDJPY Short opportunities, Long term analysisClear and simple technical analysis
You can trade short under pattern Sperandeo
Also give your attention to long term Fibonacci
This levels will be the most important support levels
Possible long continuation aheadRetesting to the previous all time high back in 2/20. Looks like it could possibly continue the upward trend tot he all time high. There is some support between 38 and 37.
An ideal entry would be passing 39.00
I am already in the trade, I entered @ 38.89
GBPUSD UpdateAffter got the up side perfectly, now will wait for a good confirmation for more than 200 pips down
ETH Play for the next 1-2 WeeksHistory may not repeat, but it sure does rhyme. Making Lower Highs on High Time Frames, I expect this to be the bloodiest shakeout of them all. Lets see what happens. Check out my past predictions, I only bring my most confident predictions to Trading View. I have not been wrong yet on Trading View... Key Word= Yet
USDTRY Recovery forecast until July !TRY Has stabilized fundamentally and we have also technical support by pattern Sperandeo. First trendline is crossed, now target is T1 Trendline as first strong support.
Gold - Bull Flag - Levels to WatchWatch for a strong close above $1,740 for a potential measured move to $1,900 (prior cycle highs).
Set a stop with a close below around $1,680
It is only a matter of time until gold retests highs, for those who are more inclined to 'trade' gold, which i do not recommend, then there is a potential nice bull flag shaping up.
-TradingEdge
