Accumulation
ETH - diamond top or the beginning of accumulation phase ?Hello,
Looking at the ETH post merge can note few observations:
1. We are most probably in a Diamond Top reversal pattern on the 1D chart which is already in play ---> Target: The previous range high right below $1,300.
2. The current price action on the 1D chart looks A LOT similar to the one we had back in the period February-May, 2022.
3. The ETH/USD 1W chart suggest a Wyckoff Distribution #2 is still in play with the price being in Phase D currently. So, we are looking at the following grim scenario
4. But what if we are already in the Accumulation phase ? (bullish case)
Well then we are to see something like this
Cheers,
One clear possibility on Jackson Hole WeekAdding the developing Head & Shoulders pattern to the clear accumulation and distribution seen on the 4h chart from June's lows until now. Note that the VPOC has already moved up from 3771 to 4137 (where we've been essentially stuck for days).
If the pattern triggers and reaches target, $ES would be right back to the accumulation cost basis, with big momo traders having pocketed a hefty 350+ point profit.
US 100 LONG hello traders
There is a demand area that is overtaken by the price. The price is expected to rise above the area to execute unexecuted buy orders
There is an important support and resistance area
Accumulation occurs above the support and resistance level and below the consumed demand area
If the price breaks the consuming demand zone, I think it will be a buying opportunity to target supply zones
Valiant Organics limited stock analysisStrong accumulation near the trend line and after breakout again. Decline in % of Deliverable Quantity to Traded Quantity indicates profit booking. Healthy correction to the support zone may be good for fresh buyers. 17% movement in last week.
Not any recommendation Just an observation. I may be wrong
possible accumulation The fiber is trading in a range and we can notice an upthrust and apossible spring, we still cannot confirm that the low of today is the real spring, in fact if we trade in a conservative way we might wait other confirmations before thinking about opening a long trade, if you are more aggressive you might open a buy with tp and sl as highlighted on the chart above.
Pay attention at the fundametal news, especially on thursday during ECB event
If you want more specific information send me a direct message.
Francesco
BTC in accumulation cycle in coming monthsKey takeaways:
Bitcoin entered accumulation phase for several months ;
Bottom can be as low as 10k, due to recession and other external factors;
Big resistances at 30k, 40k and 50k (see resistance and support lines);
Bitcoin halving Mar 2024 will cause a new bull-run;
Disclaimer: If Bitcoin ETF will be approved, major upside will be inevitable. causing the premature exiting of the accumulation cycle.