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Weeklychart

Triangle morphs into falling wedge retains pennant shapeThe triangle btcusd’s priceaction has been in for awhile is now appearing to morph into a falling wedge on the 1 day chart. We are looking at the weekly chart though to show how that falling wedge is also part of a bigger bull pennant. I made the pole of the pennant lavender and the wedge yellow. The red line represents the neckline of a 1 day chart head and shoulders pattern. The wedge has yet to be fully validated yet..still looking for one more touch of one of the wedges trendline on the daily chart to confirm but odds are good it will. Another reason i chose to show the weekly chart here instead of the daily chart is to show you that the 50 weekly ma (in orange) is still providing powerful support. If it continues to hold such support then we will indeed break up out o the pennant/wedge. I placed the measured moves of such a breakout at the convergence of the red neckline of the potential head and shoulders pattern and the yellow top trendline of the wedge. My presumption is that if the orange weekly 50ma maintains support it will likely help push the price out of the pennant/wedge right at that convergence point or possibly a few candles sooner to get ahead of the herd. If it does break out at that convergence point I have put a dotted line to chart the measured breakout move target of both the wedge and the pennant right at the point of convergence. The dotted purple line leads to the pennant’s breakout target. The dotted yellow line leads tot he projected falling wedge breakout target. If we breakout before the point of the converge the measured move targets for each will of course then be slightly higher. As always we must be prepared however if it does break below the red head and shoulder neckline. I wouldn’t be convinced it’s going to break down however unless we were to lip the weekly 50ma to solidified resistance first. Keeping this idea neutral for now until I see a confirmed break one way or the other. *not financial advice*
COINBASE:BTCUSD
by DrDovetail
ETH/USD multi time frame analysis, WILL BE UPDATED STAY TUNED !Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION) If like this and if help you with your trading Please Like, Share, Follow and comment that give me motivation to make another Market analysis and trading ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits! This is not an investment advice. "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
COINBASE:ETHUSD
by ArmaTrader97
2
USD/JPY multi time frame analysis, WILL BE UPDATED STAY TUNED !Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION) If like this and if help you with your trading Please Like, Share, Follow and comment that give me motivation to make another Market analysis and trading ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits! This is not an investment advice. "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
by ArmaTrader97
XRP Weekly Printing Pivotal PotentialBeen a while since my last post.. I was bullish as usual but not buying the top. I did mention the possibility to return to around .79 area. I was a bit off as we fell to nearly .50. I managed to top off some bags around .55. There are multiple things in favor of a reversal in market direction on the larger timeframes. Stochastic RSI oversold and MACD cooling off. Heavy selling across May and June have consolidated towards our next set up. The moving averages just below the current price candles could act as a very strong support. 100 day moving towards a cross above the 200 day (blue line crossing above red). With regulatory clarity I would reckon this asset might be hard to come by... Get them buy the tens, hundreds, or thousands while you still can... Horizontal resistances are three major levels to watch on path to retest ath.. Not Financial Advice. *THERE ARE ALWAYS DOWNSIDE RISKS*
BITFINEX:XRPUSD
by MitchMilli
Gold bull vs Bear Q2 2021gold bullish trend started in December 2015 is rising with blue trend line. will gold make new all time after third retest of weekly trend line or it just short term correction to down trend. intraday double bottom is made by gold at 38% retracement of entire trend. it can continue its downtrend or after correction it could retest 50% . continuation of bullish trend will confirmed after breakout of yellow trend line. support 1560 and 1445 resistance 1960 (buy at trend line and 38% retracement wait till end of the quarter )
FOREXCOM:XAUUSDLong
by Sangam-Agarwal
Thirumalai Chemicals Long Trade for Short and Long Term.The stock has been giving a breakout from its ascending Triangle on weekly basis and then from a 6-month consolidation phase and a straight upmove to 134 levels. This level of 134 was a minor resistance but it managed to close above it and is also retesting it very smoothly on low volumes supporting the view for a long trade for swing. The recent financial numbers says there is more potential for the stock to go higher. For the short term one can expect the stock to move further to 172-175 levels. There are more delivery trades happening into this stock. Hence one can also invest into it for long term benefits. PS - Even if the price falls down below 134, it has now a great support at 110-115 levels. Therefore suggested Stoploss at 103 for long horizon. Trade accordingly :D #Happy trading. #PurePriceAction.
NSE:TIRUMALCHMLong
by dhirengandhi16
BGA - Attractive Long Trade SetupThis is a weekly timeframe trade setup - Looking for an entry signal at around 5.50 (in the form of a bullish candlestick pattern) as this is likely to be a strong support level, I will look to take profit on half my position at around 6.50 and then hold the rest of my position to see if it breaks even higher as this is a longer term trade setup. Stop loss is 1 ATR below the support level to allow for market volatility, if there is a weekly close below the S/L level I would be out of the trade.
ASX:BGALong
by Ravi2409
Bitcoin on the Weekly (Zoom out)This is the Bitcoin chart on the weekly with some important information. All the way down below you see "The bull market doors", for the ones calling out a bear market. Don't get delusional calm down, we're in a super cycle. We just bounced of the big support area. MAJOR Support around that level Bitcoin failing to stay above the 21 EMA, but we could see a move to the upside and that would mean we only just wicked below. Two important resistance levels to keep an eye on. Why i state that we're in a super cycle, is because of the institutional money flowing into bitcoin and mass adoption. Whales are just manipulating the market, through FUD.
COINBASE:BTCUSD
by OVDCrypto
First test of the Weekly 21 EMA this Bull Run? Several months ago I posted a chart and commented on the 2017 Bull Run played off the Weekly 21 EMA. This Bull Run has not tested the Weekly 21 EMA in over 30+ weeks!! It's called a "Moving Average" and the average is way over due. The 21 EMA also lines up with the middle Bollinger Band... I like the confluence. A dip below the 21 WEMA for a day or 2 is possible in order to fill in the VPBR and make a solid Volume Profile. That dip would be to $38-$40K So... In Short more downside would at least graze the Weekly 21 EMA, not touched in 32 Weeks, as long as BTC CLOSES ABOVE the Weekly 21 EMA , all is still healthy. Resets all indicators also. Immediately down and a huge bounce👍 Please reply with your thoughts
BITSTAMP:BTCUSD
by Chefrusty