Get started

Bottom

Five types of major support and resistance levelsWant to buy the bottom and sell the top? Want to predict major turning points in a security's price? Want to avoid buying too early or selling too late? Then you need to understand support and resistance levels! I know a lot of people who mostly trade breakouts. That can be a very successful strategy, and I've used it myself to good effect. But if you buy a breakout after it happens, you pay a "breakout premium"-- especially if you're buying option calls or puts. You'll get a much better price on options if you buy them *before* a breakout or *before* a major change in momentum. How do you do that? Know your support and resistance levels! Once you know how to identify the different types of support and resistance, you can look to see where several different types of support or resistance coincide . Those will be key price points at which different types of investors who rely on different types of indicators will all buy or sell at the same time.
NYSE:HPEEducation
by ChristopherCarrollSmith
3
Naked Analysis - Chart Patterns & Price Action ---> THIS IS A NAKED CHART ANALYSIS <--- ONLY CHART PATTERNS AND PRICE ACTION ANALYSIS - NO INDICATORS Here as you can see after the breakout of the rounded bottom - continuation pattern, the market went to retest the resistance zone, which now is support. At the support area, bullish momentum pushes the market up in smaller timeframes and the market is now going to continue the upward trend. * If you don't know about the Rounded Bottom pattern, you can go to my profile and find the post about this pattern, to completely understand this analysis. HAVE WEEK & HAPPY PROFITS ! ! !
Long
by MONEYMAKER00
DREPBTC is testing monthly support 🦐DREPBTC is testing monthly support and it's creating a rounded bottom. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
DLong
by InkyGrip
6
$CFG - Daily & Weekly Chart Patterns#CFG Daily and Weekly Charts. It is creating higher lows and higher highs for a while absorbing the major supplies and forming a rounded bottom pattern. It is sitting above all the major moving averages denoting a strong uptrend is forming. The next supply zone is around 32 levels and we may see some reaction and a higher low before reaching the supply zone. We need to see how it reacts to the supply zone. In the weekly chart, it made a breakout from a symmetrical triangle which confirms the daily chart pattern.
NYSE:CFGLong
by sgzaman
YFII Well, the "second bottom" as a gift or still to $1900?Our previous idea accurately worked out, and given the great interest of users and their "support", it's time to update thoughts on YFII. For 3 months, the YFII cost has been non-stop falling in the channel. For the first time, the "bottom" at the level $1169 was recorded on 10.07.2020, and the fall was 88% of the maximum value. Those days, the maximum trading volumes were recorded, that is, there was interest. Today, for the third time, the price has approached "conditional bottom"level . But trading volumes are gradually decreasing, you need to carefully monitor whether there are interested large buyers, because so far there are no applications for a rebound from the “bottom”. Although, we see the following scenarios in the near future : If the price can fix above $1385-1400 and exit from the falling channel, then the way to a firm volume level $1900 will be opened. If the price breaks the "bottom" down and fixes below $1135, then there will be every chance to get a second "bottom" at the level $860 or even a third "bottom" in the zone $500-630. P.S. our YFII trade here ______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Y
by P_S_trade