There's a head and shoulders on the daily. If it breaks the neckline it can fall to the 1.618 fiv level at 1231.
I'm new to this. This is not financial advice. Trade at your own risk.
As some have already noticed there seems to be a head & shoulders pattern forming on the 4h chart. Preparing to sell at right shoulder. Stop orders for these short trades should be placed at 0.00092-0.00094 level.
BCHUSD Update Near Term and Break Points
Near Term
BCH ran out of upside momentum, double topping at 1461
though this level was actually briefly exceeded, snapping at
any bear stops just above it before fading, and showing first
quite big red bull engulfing candle off the high of the
day...mild rejection, not hot but not cold either, except in
very near term...
Hello traders! Right now EURCAD is on the TOP of the daily channel. We had the first strong down impuls on this pair based on the CAD strength. We are expecting a bigger correction at this level. Be patient and wait to see how price action develops. If the price continue to stay under daily MA, then you can look for sell opportunities in lower time frame. Don't...
Hello traders! Right now we are on the TOP of the daily move (7th wave in Elliott wave theory). We are expecting a bigger correction before we go up for the next wave. It is possible to come and retest the trendline . Be patient and wait to see how price action develops. Follow me for future updates. TRADE WITH NO EMOTIONS!
We have a beautiful ascending triangle here, ADA already had a big bull run few days ago, it could be really interesting to watch the exit of the triangle closely.
Don't buy before having a real buy signal (blue line)
ABCD pattern and we are sitting on fibonacci 0.618. It have big chance to go back to the 360$(fibonacci 0.786). The 360$ also a ressist of the bearish trend.
Target : 355-360$
Will go short at the level marked by the pink box if the shark pattern completes. Expecting wave 4 (purple) to complete around the 0.382 retracement of wave 3
On the 4 hour chart, the pair is in a downtrend and has reached the potential structure zone. Also, the market has stopped making lower lows/lower closes on the hourly timeframe and therefore we're now technically in consolidation (on the H1) with anticipations of going up. There's also a potential bearish Gartley forming resulting in a good opportunity to go sell...
