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4hrchart

TRON potentially clawing itself up off the ground???After being down in the dirt for so long TRXBTC may be showing bullish signs for a potential reversal! Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern. IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support is shown will be looking at candlestick formations to enter off bullish engulfing candles on 4HR TF. Short term play is also possible if Darvis box is formed for internal trend trading. TP's once triangle is broken, we would be looking at previous structure, TP's at 215, 226, 235 with final TP at 260 for full retracement. If full retracement occurs, cup & handle formation may be a possibility for longer term bullish play. LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders; Link in profile description!
Long
by Irezumi
3
GBP/JPY SHORT (4H)Starting the analysis off from the 26th March after the big push up. There were more buyers overpowering the sellers at this time which meant our resistance line was broken and became our new support line (new support @ 132.529) and having a new resistance line at 134.705. It then formed a sideways channel bouncing off both our new support and resistance up until the 5th April. From the 5th April, an upwards channel was formed, buyers were still buying into the pair pushing it at a newer high of 135.750 Since the 9th April, the 4H chart is clearly showing that the momentum of the pair has now started to slow down forming yet another sideways channel, indicating and confirming to us that not much price movement is happening and that not many buyers or sellers are jumping into the market and are probably waiting on more confirmation to either sell or buy the currency pair. Momentum has now slowed right down and the sideways channel’s support (134.572) has been broke, which has now started a reversal movement. As you can see from the chart, on the 15th April sellers started to come in, pushing the price movement down and creating a new support line @ 133.696. From the 15th April to the 17th April, Friday evening the candlesticks have started to form a Symmetrical Triangle which could indicate a Bearish Movement. My entry to go Short on this pair will be after the new support line has been broken and a strong bearish movement is in place. My Stop Loss will be set at around 134.993 and I will have 3 TP zones. 1TP – 132.529 , 2TP – 131.489 & 3TP – 128.380. ** PLEASE NOTE ** - THIS IS MY OWN ANALYSIS ON THE GBP/JPY PAIR.
Short
by JTEZDOG
2
Must keep a close eye on this potential 4hr chart H&S patternif this H&S pattern triggers the breakdown target is 6k. Odds are if this pattern triggers we will also trigger the 1day chart rising wedge pattern that has a breakdown target of 4.3k or so. Hopefully this will only be a fakeout but these asymmetrical patterns love to trigger and catch everyone off guard by surprise so we must play close attention to it here and as always only act on obvious confirmation of a breakdown...it could easily send a couple wick s under the neckline without confirming so as always tread cautiously until absolute confirmation.
COINBASE:BTCUSD
by DrDovetail
O que será que as Bandas de Bollinger irão fazer a seguir?!No gráfico com velas de 4 horas, estou reparando uma indicação de baixa no MACD, ao passo que as Bandas de Bollinger estão se estreitando, e o preço está usando a Média Móvel (linha vermelha central das bandas azuis) como suporte! Sempre que as Bandas de Bollinger se estreitam de forma convergente como está acontecendo, é sinal de que um movimento relativamente grande está prestes a acontecer! Vou manter o olho aberto pra ver o que acontece nas próximas 12-24 horas, especialmente porque o MACD do gráfico com velas diárias está indicando força de alta! Pra que direção vocês diriam que o movimento do preço tem mais probabilidade de seguir? AVISO LEGAL: conteúdo com proósito de informação, e não deve ser considerado conselho financeiro.
by UnknownUnicorn1927084
Possible Cup & Handle or Double Top now forming?We can see here on the 4hr chart how the recent bullish breakout has reached the exact same height we reached on January 19th of 9190 before retracing opening up the possibilities here for both a cup and handle(bullish) or a double top(bearish. Currently I think the cup and handle has a higher probability of occurring. I anticipate that we will probably retrace to around 8.5k to fill the cme future gap before rebounding here. We could go lower but I'm not worried about a double top unless we find a way to break below the descending pink trendline. I am anticipating that the 1 day 200ma will not hold support but if it does there's still a chance we could continue upward although currently not very probable until a correction occurs. Let's remember last time we closed above the 1 day 200 we almost closed 14 1day candles above it and still managed to break below it...so unless I see a ton of bullish volume and a huge spike in price action to go with it, I wont be convinced the 1 day 200ma is going to hold support until we've closed 2 consecutive weekly candles above it.
BITSTAMP:BTCUSD
by DrDovetail
Ugly 4hr h&s pattern on btc has a target below 7.7kthis pattern has not yet been validated quite yet but should confirm either the breakdown or the fakeout within the next 2-3 4hr candles max. Probability is currently favoring the breakdown and if that occurs the target will be 7.6-7.7k. A break downward here could also flip the momentum and lead to further downside from there with 7427 as the next potential support. We have lost our other 2 big supports of the 3day 50ma and the 8504 horizontal but still have a chance to reclaim them if this h&s ends up being a fakeout instead. If we do indeed confirm the 3day 50ma as solidified resistance it will not be a good thing and could lead to a 3 day deathcross which when that happened last time took us from 6k to 3k pretty quickly..Lets hope we can reclaim the 3 day 50ma as support to prevent any sort of 3 day deathcross.
BITSTAMP:BTCUSD
by DrDovetail
2