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Continuation

EURJPY - ContinuationThe price seems to be starting to form a bearish flag, it is still in its early stages, it should give us an idea within a couple of hours if the price is forming a bearish flag or not. The price had recently dropped a lot, this had cause the RSI to move into an area of being oversold. The price is currently in a period of consolidation, this would allow the RSI to position itself, A careful eye needs to be kept on the price, as it is very likely that the price would break out within the coming hours. The price is much more likely to break out the bottom of this flag confirming a continuation of the downward trend.
Short
by JohnnyPurtoy98
USDCAD Bearish Pennant Projection.USDCAD Bearish Pennant Projection. The pennant is usually continuation pattern and often appears halfway through a sharp move. This allows a target to be achieved by measuring the distance traveled from the initial breakout to the low of pennant and then projecting this down from the pennant breakout point. The pennant is a short term pattern, should we continue to move sideways beyond the pennant apex the situation would need to be re-evaluated. Short Trade Set Up: Entry at 1.33400 which would see the pennant low take out first. Stop at 1.33700 if this analysis is correct we should not get back up here. Target 1.32800 projected target form pennant and previous support level.
Short
by Trend_Analyst
Bitcoin to $1k (The doomsday idea you're afraid to consider)This is a very unpopular view and I've already been told off by countless perma-bulls, but hear me out here. This is the doomsday scenario for BTC, displayed in a no-BS way. You likely haven't seen this view yet due to people not wanting to believe it can be possible, but take a look with an open mind and see for yourself. This chart highlights the possibility of continuation down from the 6k breakdown. At the time of writing, this would put us currently at the top of a large symmetrical triangle which is a continuation pattern, especially in this case where it's supported by the decreasing volume and rising RSI trend throughout. Following through with this pattern and ultimate breakdown will result in what I would start to call a bottom on BTC. Here's what I see for targets based on this: Short term target: $3550 (Bottom bound of the triangle. We are currently at the top bound and ready to make this drop to the bottom bound. I estimate this to happen during the week of writing this.) Full breakdown from triangle target: $1000 (Technical target, but could very well halt slightly above this such as near $1,200. This is the ultimate destination and a likely bottom.) Timeframe for breakdown from triangle: April-June (This is a rough estimate, I mainly expect some action to occur in early May as we reach the tip of the triangle. The main fall will likely happen fast, get ready.) These are my opinions based on personal observations, don't take my word as direct financial advice. Keep an open mind and just realize that this is a real possibility. I'll be updating this as we make progress. Good luck and be careful. -Ethy
COINBASE:BTCUSDShort
by EthyMoney
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