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Wpattern

RIDE - BIG W after BIG MLONG TERM BULL, SHORT TERM BEAR I am currently long shares, writing options so technically short under my strike at times, and trading additional shares to increase the overall share count. I like opportunities and I understand the risks involved, which you may not so do not follow me or anybody without understanding all risks involved. This is an idea based on fundamentals and includes such laughable chart-work because the chart is simply meant to show as a timeline and basic shape/placer holder, do not spend money because of this chart or any chart, invest and trade at your own risk. The reason I am somewhat looking for this chart to roll into the W after investor week is not only due to the fundamentals mentioned on the chart but. As shown in the more technical idea here , the market appears to have rejected the inverted head and shoulders and that has currently set us up to follow an ascending triangle. Spoiler alert for those that don't know: Those don't end well, statistically speaking. While I ultimately think Lordstown Motors WILL be a great force in the automotive industry (whether that ultimately is a very large dumpster fire or an empire), we don't really know yet and it's just not healthy to disregard the opportunities to trade along the way.
RLong
by rolledchange
ETHEREUM FINDING BULLISH MOMENTUM (LONG) or RSI Divergence?HI GUYS, I'M FIRST TIME POSTING ANALYSIS. Ethereum (ETHUSD) 1 Hour timeframe -> Short formed W. This is a make or break level and indicates a higher low with strong bullish momentum. The neckline of W can be a perfect entry ONLY WHEN price breaks the neckline (Black horizontal line - 3334) with strong momentum which will also result in 50-EMA breaking which indicates a strong buying level. The target will be a risk to reward of 1:2 which comes out to be 3463 (or you can exit at 3450 as well which was important support for previous days, so it can becomes strong resistance as well). Stop loss will be below neckline of Short formed W (3269) Therefore only take entry when : 1. Strongly breaking horizontal resistance level (3334) 2. Breaking neckline and top of short W (same levels - 3334) 3. Breaking 50 day EMA strong Once you have these 3 confirmations, you can take a trade and try for 200 EMA target as well while trailing stop loss. RISKS OF TRADE : Conversely, if the current levels do not sustain, we can see sharp selling with RSI Divergence where the power/momentum of ETHUSD has increased at same price levels (3334). This means it is in overbought zone and will likely to fall till RSI gets a support or comes around 40-42.
BITSTAMP:ETHUSDLong
by raghav_tradeit
3
AMBER BAT PATTERNHello Welcome to this analysis about AMBER , we are looking at Weekly timeframe perspectives . AMBER is developing here that will be a decisive factor in the upcoming times. when looking at my chart now we can watch there how AMBER has emerged with this key BEARISH BAT & CHANNEL PATTERN marked in my chart with the black boundaries. In this manner, thank you for watching my update-analysis about AMBER and its major BEARISH BAT PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NSE:AMBERLong
by shanechart
Reasons we should buy solano Hello again After long time here I came for telling you about SOLUSDT the first reason is a confirmed breaking out of a triangle which takes 2 months to break out . the second is obvious W pattern which I pointed out in chart the third reason I think is a third eliot's wave it might exist which give us a min target 66-68 $ and after that wave 4 and 5 as you know. the last reason is fundamental . we all know that solano is goood :) well I will open a position (3X leverage) in low amount and after neck line getting broken by price (38-39 $) then I'll add more money and I'll be waiting for 66-68 $ and sell about 60-80 percent of mine (for probable ascending ) stop loss is below the wave 1 and this depends of your risk managment. and also you can buy in spot ! Thanks for your attention.
Long
by amirhoseinmlh
3
The W pattern studyW pattern is directly opposite of the M pattern as you could probably assume Using GNOUSD as an example we can see the W breaking out and completing its formation In doing this it seemingly forms what I would call a 'Handle' for the pattern Observing this allows the comparison between the two patterns (W and Cup and Handle) Also the observation of a clear cut Top, similar to the cup and handle Outlined on chart 1,2,3 are my key takeaway points that I have come to believe
KRAKEN:GNOUSDEducation
by Bixley
4
NEXO - potential reversal, back to bullish price actions?Dear Nexonians After i watched the NEXO Chart for a while now i wanted to share my thoughts with you, because there are multiple signs of a HUGE reversal coming in the near future, if that happens i dont want you to miss that. First of all we have to consider that BTC will lead most of the movements in the market right now, so BTC also needs a bullish continuation for NEXO to play out like that. We also have to consider that NEXO's perfomance itself just like announcments, FUD or technical problems could have a bullish as well as bearish impact on the chart. Now that we all consider these things i want to start with the explanation of my TA. At the moment there are multiple bullish signs that speaks for a BIG reversal. The first thing i want to mention is the tripple bottom (red curves), as you see its similar to the most charts atm, also BTC had a similar triple bottom which already played out, so it looks like that this triple bottom had more weight than we thought and it seems like NEXO is lagging behind so i think this could be a important factor for the potential reversal. The second important factor of this potential reversal would be the clear "W" pattern also known as "cameltoe" which is forming right now, if we break out of this pattern it could lead us to a even faster rise with big momentum, so the breakout would mean even more fuel for the way up. If that pattern doesn't play out like that, it wouldn't be a bearish sign it could just mean that we are seeing more sideways action in this channel before breaking out somehow. In addition to these two factors, there is a bullish divergence which is also a strong bullish sign and with the other two factors it could lead us through this breakout because the resistance(C), where we at right now, seems kinda strong. So we need the momentum from the "W" pattern and/or triple bottom in addition with the potential upside correction from the bullish divergence to breakout and going to higher price levels or even to a new ATH. If we breakout of this resistance C, i think the next battle would be between the D1 and D2 resistance because there is a strong demand and supply zone, so we will either going sideways between them or we going back to the resistance C to retest the breakout or to hold the line. In my opinion we will only drop more if BTC does hard, in that case i think we will not drop more than the support A, anyways as long as BTC will move sideways or up i think we are in a very good position to get this BIG reversal. We also have to keep watching what NEXO itself does because a lot of the BIG movements in the past were around an announcement or a new feature. STAY TUNED AND BE CAREFULL! I would love to hear your opinion on all this in the comments. See you there ;)
Long
by monotrix_
2
Area of UndecisionFor period of next 1 or 2 days, the Bitcoin price price will be sideways. Daily trend shows no trade zone. Recent pump volume subsides. Either, we continue to break 35k, to play the W pattern towards 38k. or, We continue downtrend towards 32k. we can also see these area are confluence with Fibonacci level of recent high and low. If either of this pattern play out, this will be confirmation of further down or up trend. Just hold our bullets 1st. Don't waste on sideways market.
by cryptokulai