The larger time frame rising wedge pattern has been stubborn. But I believe it may have just made a lower high for the first time in a while which could signal the bulls are exhausted.
I'm willing to enter in a SHORT trade to capitalize on this opportunity and will gradually enter into a position.
Should we see a break of the lower trend line I will add to...
Markets continuing toward a large previous structure area that and would complete the Bat pattern lined out proving a case for short entry at the .886 retracment of X to A
Pullback is also into an inverted 1.618 extension off of a double bottom that breaks structure that would confirm again an entry for shorting, in 2618 trade looking for pullback into .618...
Bitcoin is testing the higher time frame supply zone shaded in light blue. Price tends to touch these areas and fall away sharply and should keep a temporary lid on further buying interest for now.
The rising wedge pattern is completing near this area as well. This is a bearish pattern . However, there is always the risk it can pop out the top first before a...
EURJPY is now at a downtrendline, what could means some short force, pushing price to signaled area.
at this area, we are completing a gartley pattern + a perfect ab=cd pattern.
high probabilities to get some force to go up when arrive at this point.
so i'm shorting, then long. for a conservative entry wait to point so long.
Tron has still not broken the consolidation zone on this setup and remains a valid BUY trade. If price dips below the lower horizontal line it will invalidate this setup.
Reasons to consider a BUY trade on a confirmed breakout of the consolidation zone:
Pattern complete with a defined consolidation zone
Falling wedge pattern on RSI (divergence appearing)
...
Etherium has broken out of a rising wedge pattern on the 1-4 hr timeframes.
With this in mind, I'm looking for another short entry trade on the lower timeframes for a trend continuation play. We can see price is now in a falling wedge structure and expect another drop before a possible breakout.
This presents a great trade opportunity with the overall trend...
We're on support and on the trendline and also we can find a triangle pattern. If will be the support and trend line broken, the price is on the way down. If we will break the triangle, we can expect big move up! We need to be aware of the down trend.
Good luck, good hunt.
Hello,
Bitcoins price development formed a quite accurate shaped diamond bottom.
The bottom diamond pattern has shown an excellent performance compared to wedges and triangles.
The Fibonacci retracement I use in the chart is not based upon the price, but on the expected performance of the pattern.
This might be calculated as following. Measure the price range...
We have another rising wedge pattern setting up on Etherium Classic.
Reasons for sell trade:
Rising wedge meetings rules
Decrease in volume
Break of the RSI trend line
Bitcoin has similar rising wedge pattern forming
Projected stop loss and take profits targets are shown.
A move above 16.3 would invalidate this setup.
Disclaimer: This is only my...
Traders,
Nice potential opportunity for a trend continuation short on EURJPY pair.
After we broke the previous support level my bias is very bearish on this pair.
The bat completion can be a reason for entry.
Have a great weekend!
EOSUSD is setting up a potential rising wedge pattern.
I'm still in position from my previous trade analysis on EOS which you can view here:
This is a great example of how I add to my position and ride the overall trend. Of course, with tight stops.
Short target remains as shown.
All this is happening while BTC is also forming a rising wedge pattern =...
