This has been by far my favorite company to trade this year, it has given me great returns. Look at the consolidation inside the blue rectangle, and what price did after it broke. And it looks like it is about to do it again. This is simple, be patient for an entry above the rectangle breakout at $580 with target at $600
As shown in my previous idea the overall trend is bullish - BTC is back on the lower trendline of the channel. Moving back into the channel would indicate some first signs of a starting "bullrun". Would love to see some setback + confirming FWB:25K as new support-level before entering the channel.
Injective Protocol (INJSDT) has recently experienced an impressive rally that saw the price surge from a significant support level around $2.50 to a crucial resistance level at $4.65. As the market now seems to be in a range, various indicators are signaling overbought conditions, raising questions about the next possible move for INJSDT. Current Market...
Same chart as two days ago...still consolidating within range. As much as it is following the parallel channel(s) for a bullish scenario, should supports fail, the bearish M pattern is still on the table. Just below $0.81 and again at $0.91 will bring resistance should MANA break higher. A drop below $0.59 would invalidate the C&H. This is not financial...
Hello traders,bitcoin is consolidating around 20k for the last 4 weeks. in case of breakout to the up 26k is expected but in case of breakdown to the down we can't see any good support to reverse the price until 13k.
From 19th October the stock has been consolidating in a symmetrical triangle pattern. It is near its support. Wait for the confirmation before entering inro the stock. Nearly 3 months of consolidation has been there. Once the stock price leaves the consolidation phase it can give a good moment either side.
Expecting a big move in PRAJIND. It has been consolidating for sometime now and looks like it is ready for a big move. The volumes have been increasing as well.
Indicators are conflicting... maybe diverging. I feel like BTC is going to ping pong for a bit between the 50 & 100 day MAs and I caught a levered short right at the top w/a super tight stop... took a strong pull back right after. Gonna HODL for something near the 100. IMO, until BTC closes over the 50, the ball is in the ETH court.
When discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50. Right now there is a balancing act going on. Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings. Since then there has been a strong RSI14 development and is showing a strong yet not "overbought"...
USDCAD overextended to the southside and looking for a reversal. We have a down trendline break to the north side and price seems to be consolidating. Look to enter at the bottom of this channel and take profits at the top for a 100 pip range opportunity. I'd advise buying only and not selling as a breakout north is expected. Good luck and let me know if I can...
Potential short idea for GBP/USD. Before the final breakout, consolidating triangle on the 4-hour chart indicates price action may deflect off the upper trendline, thus heading lower towards either 1.255, or even to 1.252. Note: My analysis is not professional investment advice. I do not take responsibility for any trading decisions you make ;)
~0.87 has been holding nicely for the past couple of weeks. Price hit 0.87 today and is being respected so I am in on a buy. Trade safe, trade long term.
EURUSD Market Outlook Update - Consolidating - LONG Bias with possibility to go short pending breakout.
EURCAD - Short Entering short because of the consolidation. i have entered short now for reasons such as >it doesn't seem to be able to make HH's >Daily TF we are down trending Will be entering again once there is a breakout candle to the downside. Any questions feel free to ask Ben #PipGainFX
Here is a $BIFI play which coin is known for leaving high wicks on the chart. Currently consolidating under resistance after breaking out from bullish pennant. If it manages to flip it, aiming for 48 sat as first target.
EXCUSE ME... MY NOSE IS CONSOLIDATING! As a Grid Trader I'm constantly seeking consolidating price areas, sideways channels, and slowly trending prices where every ZIG and every ZAG is potential profit in my grids. Yep, I have a "nose" for Grid Trading and I love a consolidating market. I hope you enjoy my Chart Art. Just horsing around! OTHER CHART ART...
Hi, RVNBTC is now in a consolidation and will break out probably after finishing the fifth wave inside the consolidation. after completing the Bearish Bat Pattern , as shown in my recent post, we are now in the stage of profit-taking. This comes at a perfect point, the last half of the month of june, the numbers will be given out in two weeks from now on and...
This post is a forecast to monday morning's price action. BCHUSD has been consolidating for some time, $ 379.00, now and after Saturday's bullish attempt, we can certain to expect some ACTION - perhaps maybe at 5AM (UCT+2)