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Consolidationzone

TRX/BTC - Consolidation and/or Breakout (20-80%)Hi all TRX/BTC looks to have established itself in a new consolidation trend after a sustained downward bearish movement. Bulls have definitely re-entered the market and halted the price decline, and we're also sitting at a strong level of support that has been tested multiple times over the last 2 months. My personal recommendations: Enter at the 0.00000435 level. Stop loss at or below 0.00000405 (6-7%) Look to take initial profits at 0.00000535 level (23%). This could either be in full, or 50% profits. Then look to see what happens from there. Price will either hit the consolidation resistance area and move back towards the support zone, or it will try and breakout upwards. Re-enter the trade if a breakout is confirmed. Hope that helps! Cheers and good luck, RJR
Long
by DreamsDefined
4
ETHUSD: Downtrend Triangle (Market Consolid) Before Uptrend 500?BITTREX:ETHUSD is most definitely trending downward. The bearish signal, given by the descending triangle, suggests just that. This should be regarded as a market consolidation given the recent hype around the historic 10k mark achieved by COINBASE:BTCUSD that drove the entire crypto world nuts, including ETH. But this was expected. The descending triangle is constructed with a flat support line @ $433.36 (Green Horizontal Line or consolidation line) and a downward-sloping resistance line (See the descending red line). If the price drops under that support line, then the new support line should be placed @ $412.10 (Blue line). it is just a matter of time before BITTREX:ETHUSD hits $500 again, based on my R&D. Entry Point $462.26. Stop Loss $406. Target Profit $500. Smart Trading!
COINBASE:ETHUSD
by watat83
Idea on differential consolidation zonesOn the 4H chart, I reviewed the latest consolidation ranges following the differential spikes of gold. This week the price began to range between 1300 and 1325. Now a double top formation is beginning to form, but first we need to see that 1325 level not exceeded. If confirmed, we can talk about a possible bounce back to 1300 soon once again. I consider 1300 level as a strong support/resistance level which will call back the price action to itself again. Eventually we will see 1300 in short-to-medium term, the question is: when is right time to sell for this target? Right now or 10-20$ above from here?
FX_IDC:XAUUSDShort
by CitRoN_RouGe
Palladium on bullish momentumThis commodity TVC:PALLADIUM has been uptrending since may 2016 on the daily timeframe . After some periods of distribution, forming an ascending triangle on the 4H chart, price break upward and continue its ascension above september 2014 high. We can now see price ranging on the 1H timeframe. As per the general sentiment, I will go long on this commodity without any further reflexion. SL at 917.72 . I usually don't define profit for my trend following strategy. You can set your take profit at the previous high around 932.
TVC:PALLADIUM
by nkanven
Possible DASH/USDT consolidation13.08.2017 DASH price crossed uptrend line and started going down to 191$. Then it found a resistance at 205$. SMMA8(2h) want to cross SMMA24(2h).Seems DASH want to do consolidation beetween 186$-205$ . At 186$ level it has strong support. At 205$ level it has strong resistance. Also it touched some support near 191$ level. If till 14.08.2017 12:00 SMMA24(2h) will not cross SMMA48(2h) then some consolidation will hapen and we can buy near 191/186$ and sell near 205$.
by berezovskyy_andriy
Shark886 within 1H consolidation zoneReading the chart After the French election the pair surged higher until it hit a "major" dynamic resistance (reprojected a channel aligned at the 2016-10-06). Now it consolidates awaiting the big news from the UK. As a pattern trader I look for patterns within consolidation with potential to break out. If I loose, I reset and wait for a retest of the broken consolidation zone. Measured from the latest highest low I saw two things: a Shark886 pattern and a Gartley pattern. Both completion points creates a nice potential reversal zone (PRZ) of 3 pips at the most recent higher low. Both patterns share the same stoploss, so it is more attractive to take the entry of the Shark pattern for a better risk:reward ratio. Setup Shark886 Entry: 0.8668 Stoploss: 0.8642 Target 1: 0.8706 (1:1.46) Target 2: 0.8729 (1:2.35) Target 3: 0.8794 (1:4.85)
Long
by Mikoxl.
VRC BTC 1H POLONIEXAfter a huge move in Vericoin price earlier in the week as well as a BTC price rise yesterday and as Traders awake to $2,700.00 BTC I fully anticipate the Vericoin market to go back into its 'box of consolidation'. For those that may not have entered yet, this may be a decent entry point as it will signal a continuation of a strong pattern channeling upwards slowly over time & printing a bullish H&S on short time frames with a neck-line at around 11.8K Sat. Im also looking for a steep A-B-C on a 12H TF which may be currently half way done with C-leg candle printing now. This would be rather healthy, get us into a 1D pinch and put us right into the price target range if not even below. That being said, the volitility is an intra-day trading dream! Aside from the trading aspect, if you are unfamiliar with the Vericoin Project below are some useful resources. Homepage: www.vericoin.info Slack: vericoinandveriuminvite.herokuapp.com Twitter: twitter.com GIT: github.com Roadmap English: www.vericoin.info Roadmap Spanish: www.vericoin.info Roadmap Chinese: www.vericoin.info My Twitter: twitter.com If this has helped you in any way & you are inclined to do so, a small thank you can be sent below every little bit helps us small timers. BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT
V
by BTCFailWhale
Last puff before falling again?EURGBP is closing in on an area that could proof to be too strong. on 4H RSI and stoch are close to or pretty much overbought. Both indicators can show bearish divergence if price actually stalls at the red marked area of 0.7850 - 0.7860 and this together with an area that has proved itself als a consolidation area I'm inclined to believe price will revert here it's also the 0.5 fib level of the last bearish move. some points for the bulls. We closed above the larger bearish channel and the recent bullish candles have been very strong. A potential short could be at 0.7850 with a stop at 0.7872 and a first tp at 0.7770, TP2 at 0.7710 and a final TP area at 0.7580.
Short
by UnknownUnicorn326052