Breakdown means weakness. Look for a display of weakness upon retest of pivot on the other side. I would want to see at least one lower low + lower high and short a retrace. Always employ sound risk management. GLGT Original idea by Ribz
On the daily we have a break in market structure to the upside and a proper .705 retrace that we should have been looking for (to the pip actually). On the 4H timeframe we also have some higher lows and a repeated effort against the resistance zone which is exhausting the sellers. The strategy is that once we finally break above that resistance, buy on the...
Daily view: I can see a perfect .705 retracement on the daily timeframe , into a bullish orderblock On the lower timeframe (1H), we've broken past the resistance that was holding us back and now we should find support on it before taking on some more highs. Target for now looks like that daily resistance level which would also fill the void on the daily...
Low objectives likely reached and therefore we are looking for upward expansion. The high probability entry is once support is found above Mondays High. Target Swing Highs to the left. GLGT Original idea by Ribz
Overall this is a nice .705 retracement we have here. The resistance zone around 1150 level is holding us back but it's been tested twice already, reducing the sellers each time. If we manage to find support now around the broken 1080 level, it should give us enough acceleration to finally break that resistance and ultimately head for the previous big...
Nice to see that NEBL has broken the high of the range it's been stuck in for a while. I see 3 possible optimal retracements and all of them would make sense. Upper yellow is the top of the big range and lower yellow is the top of this local consolidation. Third possible retracement is the bullish orderblock from which this pump originated. It's possible...
We're currently into a daily resistance block, and since we still haven't bounced hard off it and are proceeding to make higher lows, on lower timeframe, we can assume that the buyers are trying to push it through that resistance eventually. Target is based on the weekly + daily resistance blocks. Original idea by Svarog
Since we've seen those recent highs broken, maybe a good retrace for a BUY would be around the 1635 level which falls within the 1H orderblock between .62 and .705 fib levels, plus that's near the level of the previous high that we have broken with this impulse. This idea comes with a stop below that 1453 recent low. Original idea by Svarog
"MUST find bullish price action above Mondays High to show support is found. Target 1 displayed, however EURGBP could likely reach higher targets so Scaling out of position always a good idea. Original idea by Ribz
This is the level you should be watching. No indicators needed. Downside potential is massive, huge R. Original idea by Ribz
So far DOGE has bounced from that sweet fib spot and from that 4H breaker to the PIP. If we can rely on meme magic to keep us safe, it should keep making higher lows until eventually it reaches at least 110 level from that previous high, and if it somehow breaks it, the sky's the limit! BUT if it drops below that breaker it might go further down to fill that...
This current retracement lines up well with the fibs (just under .705), successfully tested 4H(red) and 1H(gray) bullish orderblocks for support, and seems like it wants to make some higher lows. All somewhat good indications of a possible move upwards. Next step would be breaking the yellow pivot line and establishing support on top of it before attempting to...
Daily demand would make for a fantastic long entry. May the Gods be so generous. Original idea by Ribz
Break above resistance, and ZEC to reach higher targets. Original idea by Ribz
Price Action fairly easy to read on this one, break above resistance and it's an easy ride higher. Original idea by Ribz
Clean break of range and ICX is ready for more upside expansion. I've seen this Price Action pattern on other pairs before BIG UPSIDE... Original idea by Ribz
If we take the fib from the last major high and low on the 1H timeframe we can see that ICX has retraced right around 0.705 level which is ideal AND touched that 1H gray bullish breaker. Also a good sign is that it's been making higher lows on the 4H and Daily timeframes. Only thing that worries me right now is that green pivot level which we have fallen...
Invalidation level here is tight, therefore potential Reward is yuuuge. Pivot support could allow Cardano to really make a big move here, these are the type of trades you want. Can ADA really go any lower, even if she does, our stop loss is close here and our risk is very minimal. Always think in terms of risk to reward + strike rate GLGT Original idea by Ribz