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IDEA - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. IDEA is sitting around daily support. And as per my last video analysis (attached below), we were waiting for IDEA to form a new swing high around the red trendline to consider it our trigger swing. on H1: our red channel is now valid but it is not ready to go yet. Before we buy, we want the buyers to prove control by breaking above the last high. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade lower inside the green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
25
ADAUSD Break To Upside and Key AreasImportant Things To Note: The overall market speaks for itself. I have said it many times, we are in for a ride. BTC looks great. I have a target of 100K for this leg from cup and handle pattern. All of the Totals reaching ATHs ADA has finally broken out (we knew it would). It should follow the map I laid out for you guys in previous posts. ADA will finish its cup. Expect consolidation near resistance. (not too much) Volume will need to fill. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So things are looking great for the market. I told you alts would start moving sooner than you thought and they are. There are plenty of opportunities and I tried to give you a few while you waited for ADA to breakout. I have a cup and handle target that was made a few days ago by BTC of around 100K (looks like PlanB is going to be right again). The structure of ADA turned bullish and when I saw the confirmation, I let you guys know in an update. I hope you read it. Just like I had planned, we got our breakout and are currently seeing the formation of our cup. There will be consolidation along the way, however its looks pretty good until we hit the resistance I marked on the chart. From there, the volume will need to fill a bit. A lot of you wanted to sell ADA, however if you spoke to me directly you know how I felt about that. This is a great example of keeping your emotions in check. You knew ADA would break out. The pattern was right there. I mapped it out as clear as day. So, if you couldn't control yourself, consider this a learning lesson. Now, like I said before, sit back and enjoy the ride. As always, I will keep you in the loop with what I see. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
COINBASE:ADAUSDLong
by mysticalwalrus
58
USDCHF - Head & Shoulders Pattern @ Trendline Hi Traders! The setup of this idea is that the market is now at the weekly Trendline. There, it formed a Head-and-Shoulders Pattern, which indicates a down-movement. At the same time, the market is in a bearish Flag. The Breakout of this flag could possibly serve as an Entry Trigger. You can take profit at the next major Support, which would be the weekly TL or the Support @ around 0.91200 Here are the things again in nutshell: Weekly Upper Trendline Head & Shoulders Pattern (Break of) Daily Support at around 0.92200 (Break of) Bearish Flag Pattern If you have something to add or another point of view, do not hesitate to comment! Thanks and successful Trading :-)!
Short
by swissmoneymakers