TON Coin Breaks out from Bullish Triangle Pattern TON coin has broken out from a solid and large bullish triangle pattern confirming that the bulls have taken control once again. it is likely to rise fruther in the coming weeks.
Iam looking at conservative targets but it seems the market does not want to see this coin below 4.8, where there is a very strong support zone.
The targets iam conserding are quite reasonable.6.1,7.00,and 8.00.
Bullish-pattern
CHR - Breakout will push the price higher#CHR/USDT #Analysis
Description
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+ Price is trading inside the channel and waiting to breakout from the channel
+ This breakout could change the downtrend started in early 2024
+ A rejection at the resistance could push the price further down.
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VectorAlgo Trade Details
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Entry Price: 0.21
Stop Loss: 0.1592
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Target 1: 0.2759
Target 2: 0.3481
Target 3: 0.4485
Target 4: 0.7180
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺
In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯
"First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it :
As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe.
As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀
So let's reveals more details for you dear 🐺KIUCOIN🐺 family :
In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders .
So I think there is another secret reason for us to pay attention to it :
BTC.D
As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle.
Now finally it's time to take look at the lower time frame :
As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000.
I hope you enjoy this idea dear KIUCOIN family , also always remember :
🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
Areas to accumulate XRP.If the price of XRP goes up then this talking point is moot. However, if XRP continues to consolidate then any buys below the RED LINE and above the GREEN LINE are a good buy. Any buys below the GREEN LINE and above the YELLOW line are a great buy. And any buys below the YELLOW LINE are a fantastic buy!
Don't put all your eggs in one basket, and don't fill the basket in one trip!
GOLD : Xauusd Cypher Harmonic Pattern OANDA:XAUUSD
Price is making Harmonic pattern , It's a possible cypher pattern
C leg possible extension is 1.13-1.27 which is 2044-2060 area
D led extension is 0.786 which is 1970 area
After completion of X-A-B-C-D cypher pattern market can give retracement of 38.2-61.8 %
For confirmation , C and D leg should keep in there maximum extension range to make it valid pattern
STLA - Ascending triangle - Long termOn the weekly timeframe of the STLA chart, we can see an ascending triangle forming. An ascending triangle is a bullish formation.
It's interesting to watch this asset during 2023 for the price to break out of the triangle to the upside. The breakout-line is shown on the chart. When this happens the pattern gets confirmed and trade can be entered by taking a long position. This is a long-term trade.
See all further details on the chart.
Good luck!
HDFC BANK, GREAT FLAG PATTERN!!a great formation has been formed by hdfc stocks.
its a great bullish pattern, and as i have mentioned the waves, and the trend of waves, a long back in one of my idea(linked it below), the stock is following in the same way. it yet needs to go up by 10%, there is 3rd wave pending, and stock will go up soon.
but the risk part is that bank nifty, has been very overbought position, and it yet needs to be falled about 7%, i will bring a detailed analysis, in further coming ideas. but yet, this risked, is hedged, by the fall of SBI & ICICI banking stocks. this 2 very stocks had kept bank nifty at its ATH.
bank nifty will trade between the range of 43000-40000. its just that it needs to come to its major trend, since now it is in an overbought position.
yet this range will be maintained by great weighted bank nifty stocks, like hdfc bank, icici, kotak and sbi.
LAST POINT: have a look a volume bars too, for month, week and day time frames.
so i am bullish on hdfc bank as of now for this month.
(below i have just dropped some idea links related to banking sector for your own analysis).
Already bullishHey everyone,
I saw an opportunity here, and I felt it is important to share it with you.
Looking at the H4 chart, I saw a rejection of the support that we are on (and that I talked about yesterday, link down below) and the price looks like going to close above the trendline that I drew on this chart. If it does, it means that we were (and we are still in) in a demand zone and we might see some bullish moves.
I could confirm this bullish bias by looking at the H1 timeframe, where there is a double bottom and liquidity has been removed from the last low. Most probably we are going to retest the last high as support.
I really see potential here because I saw this pattern a couple of times in the past.
Key levels 2.0
Key levels are psychological price levels on the chart where many traders base their technical analyses on. These traders are likely to place their bullish or bearish entries, and exit points around these levels. And as a result, key levels tend to be crowded with a high trading volume.
Key levels also attract so much trading volume because that is where institutional traders make their trades as well. And thanks to their big-money moves, key levels are often resilient and lasting.
How to Identify Key Levels
There are three main types of key levels, and you are most likely familiar with them all even if you’re a novice forex trader. So identifying them should be quite easy.
The Horizontal Key Level
The horizontal key level is made up of support and resistance levels. But we aren’t talking about just any support and resistance level. We’re referring to those with lasting historical significance. You’ll find these horizontal key levels on the higher timeframes, such as the weekly and monthly timeframes.
The horizontal key levels remain active for months and years, and the price mostly never gets across them without strong opposition. In the chart above, notice how the level keeps getting a lot of reactions from the price before it finally breaks.
The Slanting Key Level
The slanting key level forms on trends. It appears as a trendline on the chart. And just like their horizontal counterparts, slanting key levels mostly form on the weekly and monthly charts.
The Rounded Key Level
Rounded levels on the charts also form key levels. Our article on rounded levels tells you everything you need to know about rounded levels. But for the sake of this article, rounded levels are those price levels that are easily divisible by 100. They often end with two or more zeroes.
Traders often place their trades around the rounded key levels because it is psychologically easier and simpler to trade at 120.00 as opposed to 119.97 The same way you would say you bought an item for $100 when you actually bought it for $99.99.
Tips on Trading Key Levels
Here are some tips have at the back of your mind when trading the key levels:
Pick your key levels from higher time frames. The key levels on the higher timeframes tend to be stronger than those on the lower timeframes. The reason is that this is where the market movers, big banks, and other institutional traders make their trades. Any level below the 4-hour chart could easily falter and is prone to false breakouts. But to be on the safe side, use the key levels on the timeframes higher than the daily chart.
Set your stop losses wisely. Where you place your stop losses could make or break your forex account. There are many schools of thought when it comes to setting stop losses, and each one is perfect for varying trade scenarios. But one objective method of setting stop losses that works for most trading scenarios is using the Stop Loss Cluster indicator.
The Stop Loss Cluster indicator tells you where most traders have placed their stop losses. And these are the levels the price is most likely to hit during a false breakout.
Conclusion
You too can base your trades on these key levels. But make sure you follow the strategies and tips we have discussed to help you make the best of the key levels
Daily Timeframe Bitcoin Triangle PatternDaily Timeframe Bitcoin Triangle Pattern - Potential chart that can be playing out in the next few weeks. This is typically a bullish pattern so can be expecting a break to the upside. Worse case for the bulls we drop down to low 20K levels. Think it's time to sit on your hands and wait for a clear break out of this range we dropped back into of the past 2+ weeks. Let me know what you guys think. Take care!
SAND - Falling Wedge bullish pattern?💎Throughout this year SAND has been trending down, but perhaps this was only a corrective pattern of a major bullish trend?
💎The pattern, started back in November 2021, is identical to a Falling Wedge pattern, which most of is bullish. Wave five could be ending any time, and once completed, we are likely to see a price rally. Still, Paradise Team is waiting for a few more confirmations .................
Bullish Shark on the 1hr BTCHello, we got a bullish shark forming on the 1hr bitcoin chart. A shark harmonic pattern has the XC .886 to the 1.13 buy area zone. However, you'll know the entry zone if the BC extension is of at least a 1.618. There it lines up with the .886 so we know that the entry for the price reversal zone is with the combination of the .886 and 1.618 BC extension and not at the 1.13 for this one.
According to Scott Carney, harmonic trader, from harmonictrader.com, he states we should take at least 50% position off at the 50% retracement up from the whole bullish pattern. This is because the shark pattern, if it hits the 50% retrace profit target, that is where a bearish 5-0 pattern completes.
Bitcoin bears are in for a little surprise Hello my wonderful trading view family.
Great is the opportunity we have been given in this Cryptocurrency market.
This pattern minimum target is over 100K per Bitcoin.
How blessed we are to be sitting in front of such profitable market conditions.
Don't take it for granted, And definitely don't miss out on it due hesitation, Nature rewards courage (And God helps those who help themselves)
Not financial advice.
Stay Profitable.
- Dalin.
CRV Long Trade Setup - Strong Bullish Momentum Despite BTCHello Traders,
Here is my analysis / Trade Setup for CRV/USDT
CRV is one of my favorite cryptos to trade. When it is Bullish it often has strong momentum as well as predictable formations.
***Personally I probably won't enter this trade due to my conservative nature and wanting to keep cash free for other trades I have in mind and incase BTC tanks. But this is a good trade setup I wanted to share with all of you.
1) Wait for a pullback, get the confirmation bounce at $2.51 and enter a long.
2) Set stop loss around $2.38
3) Take Profits around $2.92
- You may notice that my take profit is lower than the local high, that is because I am a conservative trader. I would rather lock in profits a little early than try and squeeze out another 1% and risk price dropping early and not taking profits. In fact personally I would probably take profits even earlier just to be safe.
- However this is just a guide, you are the one who ultimately decides how you want to trade.
***Trading Wisdom***
- "The less you trade the more you make."
- I Know this sounds counterintuitive but let me explain.
- Lets say one trader take 10 trades a week. They win 6 lose 4. - 60% win rate
- VS. a trader who takes 5 trades a week but loses 1. - 80% win rate
- Strive for quality over quantity. If you can't be disciplined or patient you will lose out in this game of trading.
- Monitor the charts daily, be patient and wait for the chart to tell you when it is time to enter a trade.
- It is extremely hard to make money trading, I think somewhere around 90% of new traders lose their money.
- It is important to think like a pro, and a pro is patient, disciplined and never chases a trade, they wait for the trade to come to them.
***Last Note***
- For those who are curious... On average I probably take no more than 2 Trades a week. Could I take more and make money? Yes. But again I am looking for high probability trades. I only take a trade if I have and edge and have an 80% chance of the trade playing out how I expect.
- 2 trades a week is 100 trades a year. Average gain 10%, average loss 2%. Win rate 80%
- 80 wins X 10% = 800%
- 20 Losses X 2% = 40%
- Total 760% *This is not exact but close to my averages.
- This just goes to show how if you are patient and take your time you can make massive gains over time.
Happy Trading and Best of Luck!
19.04.22 DOTUSDT 4HDOTUSDT TA Analysis 4H
DOTUSDT is currently in a double bottom pattern with resistance at $18.81. The pattern has a taget of of $20.31 and has a resistance point @ $19.24
If it manages to successfully reach its target and continue pumping to $20.31 it could form an another double bottom patern or an inverted H&S with a potential target of $22.60. After reaching $22.60 there will be an another inverted H&S pattern formed with a target of $28.18 which also happens to be a resistance point of the downtrend channel it broke out not too long ago.
TP1- $20.31
TP2- $22.64
TP3- $28.18
Bitcoin ST Outlook - 2 Long Trade Ideas Using Major Support $Hello Traders
Here are 2 Long trade ideas for Bitcoin for the coming days / week.
Trade 1)
As you can see BTC is currently trending along a major support line. Yesterday I exited my short position from $47K, turned around and opened a long position at $39.2K.
- 1st let me start by saying I am still Bearish on BTC although I do believe BTC will bounce at this level.
- I believe BTC will bounce off this level and should hit at minimum $42K - $42.3K which is a minor resistance level.
- It's possible BTC will trend beyond $42.3K but I prefer not to get greedy especially when I am overall Bearish.
- BTC is still within the accumulation zone for a long position so feel free to pick some up around $40K and under.
- Sell at $42k - $42.3K
Trade 2)
- After the first move plays out I believe BTC will trend down to the $36.5K - $37K Major Support Line.
- I would expect another bounce up to the major support turned resistance at $39K - $40.5K (It's an angled trendline so price varies depending on when it's hit.
- I will enter a long position at the $37K major support level
- I will sell my position at the major resistance level around $40.5K
That's it, remember this is not financial advice and I am not a professional so enter trades with caution and have a solid risk management plan in place.
Happy Trading and Good Luck!
KSS LongDespite the recent pullback in the US stock market, I remain bullish on KSS. As shown in my analysis, there is a pretty clear bull flag patter formed in Kohl's price movement. The last KSS bull run yielded 250% return so there is significant upside should a breakout occur.
Not finacial advise, simply speculation (:
Good luck!