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Consolidationzone

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
XAUUSD: BEARISH DESCENDING TRIANGLE IN THE CONSOLIDATION ZONE !!Hello Traders, I’ve been watching FX:XAUUSD for about a week and been trying to find a setup for entering into the strong bearish trend, at least for the short term. Zooming out the price action chart, I was able to recognize a really well developed chart pattern which is called the descending triangle. These types of triangle are usually taken as bearish signals and they can form in both bullish and bearish trend markets.This type of triangle patterns form when market price gets very volatile and later begins to consolidate into a tight range. This consolidation phase gives us (the traders) time to setup our entry when a breakout occurs. In descending triangles the sellers are continuously putting pressure on the buyers, which results in the formation of lower highs and strong support level. The first primary target, after getting the breakout to the downside, is equal to the height (x) of the descending triangle. I have also labelled two additional major target levels, if you are planning to have more than one shorting position for this setup. The first major target level is very close to the 2nd and 17th December lows. The last major target is the bottom of the consolidation zone, which could potentially act as strong support level. Once the downside breakout has formed, stop loss will be placed above the falling trend line (trend line connecting the “a”, “c”, and “e” points). A breakout to the upside would invalidate the bearish triangle pattern. I have also attempted to label the price action within the descending triangle by using Elliot Wave Theory. If there are any mistakes in my wave count, please don’t hesitate to point them out, as I really want to understand this theory the correct way. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well: moneymaking2016
FX:XAUUSDShort
by moneymaking
3
USDCAD: SYMMETRICAL TRIANGLE WITHIN CONSOLIDATION ZONE ON 4 HR!!Hello Traders, Here we have a VALID SYMMETRICAL TRIANGLE on FX:USDCAD , which has formed within the consolidation zone. We have been in this consolidation for the past 15 days and this probably has to do with the upcoming Fed interest news this Thursday. Everyone is just trying to be on the safe side and the direction will probably be more clear after the Fed news. This type of consolidation can be seen in almost any FX pairs, but it's more obvious in pairs related to USD, like EURUSD, GBPUSD, AUDUSD, NZDUSD, etc. For this pattern I have labelled 3 potential targets each with a same -50 pip stop loss. 1st target can be taken at the lows of the consolidation zone, while the 2nd target can be taken at the 127.2% Fib extension for A and B points. And the last or 3rd target is the measured target, which is equal to the distance between points A and B, which is approximately about +236 pips. NOTE #1: The current candle has broken the triangle to the downside and most likely will close below the bottom of the triangle. Wait for the retest of the triangle before entering into the short trade. Be ready for any type of possible false breakouts, especially since we are in a consolidation zone. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Short
by moneymaking
15