Channelbreak
XVG Reversal?XVG was inside a Bullish Pennant (or symmetrical triangle) but unfortunately it broke bellow:
After dropping bellow the support line it made its way near it again, making it a Falling Wedge which means trend will be reversed after a breakout on the top line.
We could see another bounce inside the channel! So buy the dips!
Vergen is a good coin and if you Hodl you'll get rewarded.
Patience is a key to this market!
Trade safe!
BF UTILITIES Short term Positional CallBf Utilities Limited NSE: BFUTLITIE
Short term Technical Trading Call.
CMP: 506, Closing Basis SL: 484.9, Targets: 525 534
Technicals:
* Trend line breakout
* Channel Break out
* Pull back trading
* Fibonacci level Breakout
* Volume Breakout
* Short consolidation breakout
IBREALEST Short term Positional Call India Bulls Real estate Trading technical call for medium term
CMP: 235, Closing Based SL 209, Targets 248 255 265
For educational purpose only
LINK/BTC - Channel Break-Out - BullishStrong bullish activity continues for this low market-cap coin.
A break from the upward trend has occurred with daily candle closing above the resistance.
I can see this coin reaching 10.5k sats easily and possibly beyond.
I've been watching LINK since October & it has been relatively quiet however it has been performing extremely well, following trend with low resistance and great support.
It is really a great project @ rank 82 on CMC with strong fundamentals, lots of room to grow and explode.
Cardano retrace potential to .50 fib?Bearish divergence. A hanging man candle. Overbought on the RSI and outside of the linear regression channel. Potential retrace to the solid support at the .50 fib and then a continuation to the median of the channel? Just putting my thoughts down on paper as I am new to analysis. I am not an expert. Just studying charts.
Bitcoin Cash Waiting For The ImpulsIf BCH break support line we enter short position.
If it breaks falling triangle we can enter new position for a short time trade in the channel. If it breaks channel up we have additional confirmation to enter a new positon.
Target the top of the channel and the ATH.
Understanding the channel trading strategy.After Ascending wedge breakout and channel formation. Etherium slowly gaining momentum went to the top of the channel. You saw it bounce off of the resistance line three times (triple top sell signal) and then make a sharp dive to the bottom of the channel. Once it reached the bottom of the channel and reversed, you saw it turn around sharply and then make a small pull back again. At the pull back is the point where you would reenter the market, since then it's just gone up and then sort of fizzled out. I think what you want to see here is a bounce off the bottom of the Channel with the slight pull back, then two green candles -On the 15 minit chart- then buy back in. One of the reasons for the fizzle is the extreme trading activity in Bitcoin, but you'll notice that it once again has hit the bottom of the channel and we are waiting for it to turn around. Now as long as this bottom of the channel at around 433 stays above the pull back bottom of 422, I think we're still in a long position. If however it breaks out of the bottom of the channel and starts going from the purple to beyond, I would look for a 30 to 50 Point correction starting at 422.
ATTENTION A SENTIMENT CHANGE AND POSSIBLE CHANNEL BREAKOUTThere is a head and shoulders pattern at the top here. A Break to the lower level of the right shoulder also followed by a rounded topping and now two clear channel top and double bottoms. Based on fib from the original fib breakout in the beginning of november I see a correction to around 12000...
Moving the channelOK, after a long term ascending triangle followed with the Breakout, we watch the breakout occur and then we wait for a slight pull back in order to get into the market to indicate the direction.
Now as you watch the chart, you can see the ascending channel form since November 6th and as the breakout occurred. We've been in an upward channel but recently the market activity has jumped.
I'm assuming that because of the number of institutional traders that are getting ready to pounce on the market we're getting a lot of activities so a couple of the main majors have broken out of their upward channel. What you want to watch out for in these upwards channels is normally after you get a break out of a channel, you get a pull back. So wait for the pull back and two upward pips on the 15 min chart and then buy in.
If you haven't bought into Bitcoin at this point, now watch for the pullback and then buy in. The charging pattern indicates a shift in sentiment to the upside.