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ASCENDING WEDGIEAscending Wedge Hey all! I hope everyone is having a great Friday! SUMMARY: Price continues to move up towards $9.3 USD before getting REJECTED AT THE 100SMA (4HR). This rejection will send us down to find support on the 61.8% FIB RT ($8776) where we will consolidate before making a HUGE move UP. ENTRY: SHORT $9195, TP1: $9K, TP2: $8.85, TP3: $8.785 It looks as if we’re heading towards the completion of an ASCENDING WEDGE as we have the upper resistance and lower support converging RIGHT AT THE NECKLINE (RED HORIZONTAL RAY) of the MACRO CUP AND HANDLE we’ve been forming since OCTOBER. Now.. Some things to consider: We are finding resistance on the MACRO 1:1 Gann Fan (highlighted in GREEN). We appear to be following this resistance line up. The estimated convergence of the support and resistance trend lines coincides with a 50% FIB RT line drawn from the $10.5K peek reached back on 13FEB. Breaking down off of this line makes sense as the 0.5 FIB RT is typically pretty strong S/R. VOLUME: We appear to remaining stagnant here without any signs of increasing BULL VOL, indicating we’re more likely to break lower. Slope of the VWAP is also looking more bearish than bullish. % BREAK DOWN is about 70% of the time BEARISH DIVERGENCE on the RSI - we are showing higher highs with lower highs on the RSI and STOCH RSI. The MACD is also looking bearish as the HISTOGRAMS are narrowing, however the SIGNAL line appears to have began to slope UP on this 4H TIME FRAME. 100SMA - At the apex of this ASCENDING WEDGE, REJECTION from this MA should be what initiates the MOVE DOWN. LOOKING AT SMALLER TF: We are showing similar signs from indicators. CHALKIN MF is decreasing, indicating a higher probability of breaking DOWN. VPVR - We look to have support at the coinciding with the 61.8% FIB RT ($8776) LARGER TF: 1D MACD SIGNAL appears to be heading towards a BULLISH CROSS, however we have BEARISH DIVERGENCE on the HISTOGRAM. However, MOMENTUM could be said to be shifting towards BULLISH, but this could be indicative of the move UP after we break DOWN of this BEARISH PATTERN. COMPLETION of this ASCENDING WEDGE and a break DOWN, will confirm the INVERSE HEAD AND SHOULDERS we are currently trending towards and could be the LEG UP WE NEED to BREAK THE NECKLINE OF THE CUP AND HANDLE. My play: Waiting for break below the bottom SUPPORT LINE -just in case we get an influx of RETAIL cash from say… SOUTH KOREA, INDIA, or FRANCE which COULD send flip this BEARISH expectation on its head. Following the completion of this pattern, I will be preparing to enter a LONG in anticipation of completing the INVERSE HEAD and SHOULDERS which should also give us the MOMENTUM we need to begin the BREAKOUT of the CUP AND HANDLE. Thank you for taking the time to check out my trade! Please comment below if you agree/disagree!
BITSTAMP:BTCUSDShort
by BitCapJNY
6
AUDUSD Short ComingAUDUSD is slowly making it's way up to the previous support zone confluent with the 38% Fibonacci retracement of its swing high to swing low. Looking for previous support to become new resistance for a continuation of the downtrend. Will wait for a clean short entry in this zone based on multiple rejections confirming resistance and aim for 200-250 pips back to the downside. Keep in mind this pair moves slowly. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
Short
by csohrab
BTCUSD, consolidation channel in Bitcoin chart, more declines ? Hello everyone, consolidation channel is forming in BTCUSD. After a steady price decline, this consolidation channel could mean that continuation of price decline is imminent and it’s possible that once support is broken, the price will continue to slide. So, as soon as support line gets breached and red candle closes bellow it, I will buy some “red options” (on red candles, max 10).If resistance line gets broken before my entry conditions are met, I will re-evaluate this set-up. My rules are the same as before: If you have questions about candle color options or wish to discuss trading strategies in real time, join - candle color options - chat, right here on tradingview. Rules: 7.Worst case scenario: if I will have 4 losing candles in a row, I will take my losses and look for a new set-up. 8.Best case scenario: If I will have 4 winning candles in a row, I will gladly take my profits and look for a new opportunity. 9.I will not trade more then 10 candles in a row and I will stop trading if I am up by 4 winning trades. For example: if my first candle is a losing candle but the next 5 candles are winners, then I will stop trading, since I will be up by 4 wins (5 wins - 1 loss = 4 wins). Please follow, like and comment !
by Candle_Trader
1
BYND- Bullish continuation or distribution?Whether you like it or not, BYND is the first mover in the alternative meat industry. There is just way too much upside and growth to be captured in this nascent industry. Future trend toward green environment and sustainability will only push this industry higher. Three scenarios- #1. Test the local resistance one more time and break out of the bull flag pattern. Third time is the charm! #2. Retrace first, then trapped shorts cover their shorts which propel the price higher. Swing long opportunity. #3. Key support lvl broken. Long at the second key support lvl. Positional long opportunity. Click like & follow me if you find my analysis useful. Much appreciated!
NASDAQ:BYND
by Libratus
NZDUSD Long ComingNZDUSD is forming a corrective pullback within a descending channel aka bull flag. On the fundamental side, New Zealand had their Monetary policy meeting last week which was concluded with no cut in rates and no sign of future cuts on the horizon for the time being which the market took as a hawkish hold. This boosted the Kiwi and after this corrective move it looks set to push higher in the near term. I'm looking for price to continue holding above support and breakout to the upside within the coming week. Great risk to reward. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
Long
by csohrab
{SWC}——PCCS, rally continuation? Thank you for your continued support :) Strategy: Price Volume Analysis Bias: Bullish. PCCS suffered from stock price declining in the past one month, the short term down trend seems reversed after the dragonfly doji formed on 3rd feb and the price started to rise. Today, PCCS recorded a big spike with significant volume. The closing price was 0.430, where a Bollinger Band Mid Band breakout was observed. If the momentum sustain, SWC believes there will be a positive movement in near term. S: 0.425, 0.415 R: 0.450, 0.470
MYX:PCCSLong
by ShareWorldConsulting
Netflix Breakout to All-Time HighSorry I've been away for a bit. Had personal things to take care of, but I have a lot in store for the upcoming weeks. Let's get right back into it! In this chart we're looking at Netflix on the 1W chart as price has consolidated into a beautiful symmetrical triangle. Price is currently breaking through the descending boundary and is attempting to confirm breakout after a clear 1W candle close above the $373 area. This symmetrical triangle has a price target of around $527 for about a ~45.5% gain. This chart pattern breakout is occurring above the 200EMA, so the probability for price continuing to the upside is even higher. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
NASDAQ:NFLXLong
by TheLuckyS7ven
2
LONG - BTC - Trading OpportunityExpecting a retest of the 3D support which makes confluence with the weekly level at 8738, we are going to long with 3 layer and a tight stop loss. Layers: 8758 , 8856 , 8936. Average entry: 8850 TP 1: 9324 TP 2: 9769 TP 3: 10039 TP 4: 10399 SL: 8684 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
BITMEX:BTCUSD.PLong
by ElMomento
Retrace to $9150 before continuationThe beautiful bullish hammer yesterday evening gave way to a 4% move overnight with BTC closing the day nicely above the 200 Day MA (1200 here on the four hour in orange). It met resistance at $9400 which is unsurprising since this has been a very significant level for months. I would not expect us to simply smash through from here since a little more of a pullback is needed for any bull worth their salt to enter a trade. An area of high confluence is the 0.5% line of this most recent move, which also clusters up nicely with previous support, the EMA zone, and the .236 line of the bigger move of the last several days. Expect to see a strong reaction at around $9150. This chart shows how a long setup could look. However it is pretty conceivable that BTC needs to correct a lot further before breaking through this significant resistance. We have many CME gaps still unfilled. This could lead to some kind of cup and handle forming. However outlook seems bullish ahead of the halving in May.
Long
by mastaplan
LONG - XLM- Trading OpportunityA retest of previous bullish divergence breakout, looking into watching this develop. Entry: 0.0000657 Target 1: 0.00000702 Target 2: 0.00000763 Target 3: 0.00000820 SL: 0.00000611 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento
AAON Breakout to All-Time HighIn this chart we're looking at AAON on the 1D chart as price has consolidated into a rectangle. Price has broken out through the horizontal boundary at $52.50 and has confirmed the breakout by breaking through the $53.29 area. This rectangle has a price target of around $61.67 for about a ~17.5% gain. This chart pattern breakout is occurring above the 200EMA, so the probability for price continuing to the upside is even higher. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
NASDAQ:AAONLong
by TheLuckyS7ven