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$ORN: March towards the 31st... get it?The green path: Orion has been riding these pitchfork channels for a while now. I wouldn't be surprised to see it continue this steady climb towards that next major 2.618 Fib level at around $35 dollars. The orange path: The next possibility I could see happening is $ORN forming another pennant shape, and having that play over the next few days. With pennants we're looking for a break above and a retest? Or a break below and a bounce that continues above the previous resistance. I've actually found that pennants tend to break downwards as stops are hunted and most overleveraged traders enter too risky of positions at the moment of the breakout. Always remain patient when trading that pattern. Trend is your friend. The red path: This is the more bearish of the paths, but if you zoom out to anything like the daily, we're still WELL within our macro bullish structure. I wouldn't be surprised to see $ORN price action take a more violent dip here to punish the fomo pump chasers who entered long positions AFTER the pump from the $20 dollar range. If it came back down to retest that S/R flip, that would be a great time to load up on some more $ORN tokens before the terminal is launched and for the big one... when staking is launched in q2.
OLong
by its_maxbro
Fall will continue ? BitcoinThe trend line was broken with consolidation below, this decrease can be called a pulse, therefore, based on the pulse analysis, we will see a continuation of the decline, the first zone 6800-7100 is the fibbo level and the last hope of bulls. At the moment, I see flat and bullish signals on the indicators, but from this moment, while we are under 8300 - short priority, but only after the breakdown of 8300 you can re-enter longs, but this will not happen, most likely as always - we will see flat after which there will be a continuation of the decline, on the principle of inertia.
BITFINEX:BTCUSD
by IgorPorokh
8
Salt about to rise till Double-Top?Hey cryptomaniacs, what I see is a good opportunity if this scenario continues the way I expect it if this is going to be traded as the "schoolbook" of Chartpatterns explains. We had a strong momentum and were about to build a double-top in the daily-chart and hit that ATH soon. That didn`t work out but still shows the market is ready to climb due the declining volumen since we`ve decided to consolidate and create this beautiful Wedge-Pattern. Support and resistance of this pattern got confirmed by "Fakeouts" and Buy&Sell-orders. The declining volume shows that the market "takes the chips off the table" to wait for a breakout and retracement to find a nice buy-opportunity. Important: The DAILY-CHART shows an UP-Trend including 5 Waves and headed to the consolidation Wave-Pattern A/B/C. After that we`ve decided to continue the trend and just builded the second wave (correction) which has stopped at a very important support zone (50% retracement). I don`t know how to add a second picture with the daily-chart. It shows that this breakout could create a longterm LONG-Move and this UP-Trend to break ATH if we don`t build that double-TOP. The journey could end at the top of the last momentum if that third wave (Breakout) end at the same level of wave 1. Let`s see what happens.. :-) Peace and nice trades everyone
SLong
by Trading2ez
3
BTCUSD can be long redHello. I`m glad i was right at least about the fact, that btc will not go up so fast. And now the market shows, that we are going even deeper. So, i guess 1-2 days left before we surely now what will happen. What must we see to make a decision? 1. Closing week candle with body lower than a half of the general length. 2. Breaking lower Boilinger Bands line. 3. Break previous low. Also, you can see some parabolic support. In the case, where we bounce from it and continue the growth, we could reach 50 k. Now, if we break through it, i think we will get LONG correction or flat. And maybe it is good, at least for the traders, who went out in time, because after the long correction we can get those 50k with the good conjucture and if the faith in bitcoin remains. To make the analysis complete, i can also mention the pattern. On 4h timeframe head and sholders are visible. Furthermore, it looks like nicely confirmed. Confirmation is good, when the left shoulder is tiny in comparison with right and volume in left shoulder is lower than in the right. Now watch for the breaking the levels . That`s all. Thank you for attention! Have a nice day and happy christmass holidays!:) If my charts helped you somehow, you can help me with donation. I`m saving up 0.02 btc to start trading and the part of it i`ll use to get the tradingview pro pack. Any satoshi from you are preccious for me. I will be extremely happy to start trading with your help in the New Year! Watch status to make it.
BITSTAMP:BTCUSDShort
by IvanGuskov
1
EURUSD: Continue to sell EUR rallies up to neckline of HandSEURUSD The sell off from the neckline of the large Head and Shoulders top formation above it hasn't been particularly aggressive so far, but the littlle rally attempt today has been severely knocked back. DXY hasn't quite finished unwinding the recent overbought condition after a recent near 2% spurt (see comment) and will likely move sideways to mildly down for a few days yet, finding buyers again at 94.41 and forcing EUR a little higher here, potentially back to the neck line itself at 1.1665 at the peak of DXY weakness but likely no higher - look to sell EUR into any further strength from here towards the neckline with a stop 40 pips above and/or when 1.1545 is broken on downside looking for a staggered decline back to a minimum downside target at 1.1241. It's still likely to bounce the next time it touches the lower parallel and to recoil sharply from any encounters with the upper parallel (at best) until the target is achieved. Continue to sell EUR rallies.
Short
by sumastardon