USD/CHF 4HUSD/CHF 4H Linear scale :
First, we can see a finished cypher down confirming our AB=CD pattern (at the C rn).
I used the BC line which is also the final cypher leg to draw a Fibonacci retracement giving us levels for our trade.
I used the 0% level as a target without being too hungry. We can still adjust the stop loss tho.
We are currently bearish because of our ABCD and possible ( not sure and present on the chart ) falling wedge.
Cypher
All Stellar Lumens XLM Broke Out The channel For Big MovePrevious broadening formation:
Previously on the weekly time frame chart, the price action of Stellar formed a broadening formation, and every time after getting rejected by the support it was forming higher than the previous high. But during the recent drop, the priceline of Lumens has broken down a very strong support structure of this broadening formation and now moving around the 50 simple moving average on the weekly time frame. After 50 simple moving average, there are also 100 and 200 simple moving averages strong support beneath the price action of XLM
Support and resistance levels:
If we take a look at the major support and resistance levels on the weekly time frame chart, then it can be easily observed that the priceline has been strongly rejected by the 70 cents resistance level. Ater $0.70 the price action broke down the different supports at $0.55, $0.45. $0.35 and $0.28 respectively. Now it is moving above $0.22 support level. During this recent downward rally, the price action has spike up to $0.20. Therefore, now the $0.22 cents resistance has been replaced by the $0.20.
Broke out the resistance of channel:
The price line has also broken out the resistance of a down-channel for a big move.
Big bullish Cypher move:
XLM also has formed a big bullish Cypher patter, I have already shared the details of this pattern in my previous article for more details you can visit the below article:
New broadening formation:
After breaking down the support of the previous broadening formation which was formed on the weekly time frame now the priceline of XLM has Formed another broadening formation on the daily time frame and moving at the support of this broadening formation. If the priceline will be reversed bullish from here and reach the resistance then it can move up to 80 cents.
$LLEX entry PT 6.30-7-8 Target PTs 15 and higher Long term PT 60$LLEX entry PT 6.30-7-8 Target PTs 15 and higher Long term PT 60
BULLISH CYPHER PATTERN
Spike in Volume
Lexaria Bioscience Corp. operates in the drug delivery platform business. It develops and out-licenses its DehydraTECH technology for the delivery of bioactive compounds that promotes healthy ingestion methods, lower overall dosing, and higher effectiveness in active molecule delivery. The company has licensed DehydraTECH to various companies operating in the nicotine, pharmaceutical, nutraceutical, and vitamin industries. Lexaria Bioscience Corp. was founded in 2004 and is headquartered in Kelowna, Canada.
GBPJPY Cypher Pattern DailyJust did some research on patterns. GJ looked like something just didn't know what on Daily. After researching I was able to identify what pattern it is. The Cypher Pattern. Definitely an impulse bullish move setup. Now I have more confluence in my trade setup I marked previously on the 4H.
HODL on a little longer before buying more.... Just an idea of HODL's current pattern. It appears to be built on shaky foundation...still a bunch of noise about CHIA on the boards however the figures are so wildly entertaining it would be a 1 - mil long shot that Tony scored the deal the way people are talking.
Currently we are bleeding based on BTC cost...how long can the soccer star keep up the appearance before he has to unload some to cover costs? I was a fan...now I'm a skeptic....still holding for an exit but not happy with the current situation.
DXY create cypher harmonic pattern.So, SELL NOW....
DXY chart create cypher harmonic pattern. When market create candle contamination on
92.200 Resistance zone. Then the market goes down to 91.508 support zone. If breakout 91.910 support level then dollar index
more down to 91.630 level.
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$SXTC entry PTs 1.50-1.57-1.67 Target PT 5 and higher$SXTC entry PTs 1.50-1.57-1.67 Target PT 5 and higher
BULLISH CYPHER PATTERN
RS Ratio: 1/04 on 2/22/2021
Wyckoff Re-accumulation after decline, between Support and Resistance levels
Influx of Volume
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Ethereum formed a bullish Cypher for upto 14.5% moveHi dear friends, hope you are well and welcome to the new update on Ethereum (ETH) with BTC pair.
Previously we had very huge profit trade of Eth with BTC pair:
Now this time on the daily time frame chart, the price action of ETH has formed a bullish Cypher , There is also 100 simple moving average support in the buying zone.
Cypher patternHow to trade when you see the Cypher pattern?
While trading the cypher pattern, you will apply a set of simple rules. They will try to minimize risk and maximize profits. Even though there is one more important step to learn before defining the cypher pattern trading strategy rules.
Step 1: Drawing Cypher patterns
Click on the harmonic pattern indicator located on the right-hand side toolbar of the TradingView platform.
Identify the starting point, X, on the chart, which can be any swing low or high point.
Once you’ve located your first swing high/low point, follow the market swing wave movements.
Every swing leg has to be validated and abide by the cypher pattern forex Fibonacci ratios.
Step 2: Trading process
Now that you know how to identify and qualify the harmonic cypher pattern, it’s time to trade the pattern. Standard methods of trading the cypher pattern include:
Entry point
The cypher pattern may be the most exciting harmonic pattern for risk management, because it has the highest winning rate. Backtesting results have continuously proven the cypher pattern forex is a very dependable harmonic pattern.
Next, buy with a market order at the first candle preceding the completion of the D point at 0.786 Fibonacci retracement of the XC leg. Once the market touches the 0.786 level, wave D is in place, because you can’t control how far the market will go.
When the CD leg gets to the 78.6 percent retracement level, the cypher pattern is complete and valid. However, the 78.6 percent Fibonacci retracement level of X to C also acts as the standard entry point for a valid cypher pattern trade.
Take profit
There are some ways to take profit with this pattern, but the standard method is to scale out of your position at the first take profit level and end the trade at the second take profit level. Take profit once you get to point A. To get to such levels, draw a Fibonacci retracement of the CD leg.
The cypher patterns trading method is a reversal method. Make sure you capture as much as possible from the new trend. If you’re not a fan of reversal strategy, and you prefer a trend following strategy, follow the MACD trend following strategy-simple to learn another strategy. The strategy has attracted a lot of interest from the Forex trading community.
Ensure you take profits once you reach point A of the pattern, because it has conservative take profit target.
So, why should you take profit so early?
For the most part of the harmonic patterns, it’s best to lock in profits as soon as possible. Since the cypher pattern is one of the most profitable harmonic patterns, you can give it more room for the price action to breath. You have the chance to at least see a retest of the wave A.
Stop-loss
Ensure you give your trade at least 10 pips space above X in the intraday charts. While trading a bullish cypher pattern, place the stop-loss at least 10 pips lower than the low of X. For a bearish pattern, place the stop-loss at least 10 pips higher than the high of X. That’s the only logical place to hide your stop-loss, because any break below will automatically invalidate the trade.
IOTA formed another big setupThe previous harmonic butterfly:
In this article I'll share with you how the price line of the IOTA coin has formed a very big harmonic pattern. Before this, I've already shared another major idea and that was a very big bullish butterfly which was formed on the weekly time frame chart. After taking bullish divergence from the potential reversal zone of this big bullish butterfly pattern, the Priceline surged to more than 1100%.
support resistance levels and SMAs:
After a very big rally, IOTA found strong resistance at $2.50 and after being rejected by this resistance level the price action moved down at the very strong support at $0.70. Now the price is moving at the $0.70 support level for the past several days. We also have very strong support of 200 simple moving average on the 2-day chart, which is exactly at the $0.70 support level. The next price level resistance is at $1.50 and then at $2.50. There is also a 100 simple moving average working as strong resistance before the $1.50 resistance level.
Big Cypher pattern:
Now this time on the weekly time frame chart, the price action of IOTA has formed another bullish Cypher pattern. After entering the buying zone the priceline has moved above the potential reversal zone and now agai re-entered the buying zone. The buy and sell targets according to Cypher can be as below:
Buy between: $0.8888 to $0.5214
Sell between: $1.17 to $1.87
The maximum extent of potential reversal zone $0.5214 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 250%, and the big loss possibility is 41%.
It Will Be Another Giant Move Of NEO CoinBroke down the rising wedge:
On the 4-hour chart, the price action of NEO coin was moving in a rising wedge pattern and as it is a bearish reversal pattern, therefore, the price action eventually broke down the support of this rising wedge but so far did not hit the bearish targets of this rising wedge pattern and moving sideways:
On the other hand, if we take a look at the Bitcoin chart, then on the daily time frame after breaking down the support of the rsing wedge on the daily time frame, the bitcoin is also moving sideways. Therefore the NEO is also following the move of Bitcoin.
BTC rising wedge
Support and resistance levels and SMAs:
On the weekly time frame chart, it can be clearly seen that after being rejected by the $130 resistance level the price action has moved down at $29 to $30. This is very strong supports and because previously it has been working as a support and resistance as well.
The priceline of NEO is also moving around 50 simple moving average on the weekly time frame chart and after 50 SMA there is also 100 simple moving average above the support of $20.
Big bullish Cypher pattern:
On the weekly time frame chart, NEO has formed a bullish harmonic bullish Shark pattern. The 1.13 Fib level is in the negative territory, therefore it is not possible for the priceline to move there, however, there is strong support at $12.50. Therefore, we can set the buying zone accordingly as below. There is also 100 simple moving average support in the buying zone which can be used as a stop loss for the long-term trade. The buying and sell targets as per this pattern can be as below:
Buy between: $26.08 to $12.50
Sell between: $51.64 to $110.057
As per the above targets, this trade has a big profit possibility up to 780% but if you consider the buying zone max up to 100 SMA then profit possibility can be upto 390%.
$WORX BULLISH CYPHER PATTERN$WORX BULLISH CYPHER PATTERN
SUPPORT AND RESISTANCE
MA50 crossing up MA200
Spike in Volume
SCWorx Corp. provides software solutions for the management of health care providers' foundational business applications in the United States. The company provides services related to repair, normalization, and interoperability of information, as well as big data analytics model that provides web portal for display, and reporting and analysis of the information contained within the data warehouse. It also offers various software solutions and services, such as virtualized item master file repair, expansion, and automation; electronic medical record management, a module that integrates the advanced data attributes created in the item master to the electronic medical records; charge description master management(CDM), a module, which assists healthcare providers by integrating the CDM data into the workflow of the hospitals purchasing systems; contract management, a module that assists healthcare providers to establish a contract management system and to provide care to patients; request for proposal automation solution; rebate management; ScanWorx, a mobile perioperative closed loop scanning solution; and data integration and warehousing, as well as solutions for integration of acquired businesses, which enable deployment of a virtual item master files. The company sells its solutions and services to hospitals and health systems through its distribution and reseller partnerships. In addition, it offers CageTix, a ticketing platform for mixed martial arts industry. Further, the company focuses on selling rapid test kits for COVID-19; and personal protective equipment. SCWorx Corp. is based in New York, New York.
$SEED BULLISH CYPHER PATTERN$SEED BULLISH CYPHER PATTERN
SUPPORT AND RESISTANCE
Huge Spike in Volume
Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology and an e-commerce platform in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. It develops, produces, and distributes hybrid crop seeds, as well as develops hybrid seed technology. The company also operates an e-commerce platform, which provides range of products, including agricultural seed products that comprise corn, rice, and vegetable seeds; other agricultural inputs, such as fertilizers and agricultural chemicals; foods; household products; and other consumer products to farmers through online and mobile ordering. Origin Agritech Limited was founded in 1997 and is headquartered in Beijing, China.
$SGOC BULLISH CYPHER PATTERN$SGOC BULLISH CYPHER PATTERN
Huge spike in Volume
SGOCO Group, Ltd. designs, develops, and manufactures phase change material storage systems for applications on cooling and heating systems in Mainland China and Hong Kong. The company's products include phase change material thermal energy storage products; LCD/LED monitors; and TV product-related and application-specific products. It is also involved in money lending services; and property lease and management activities. In addition, the company provides fintech and IT support services. It sells its products under the SGOCO, No. 10, and POVIZON brand names. The company was formerly known as SGOCO Technology, Ltd. SGOCO Group, Ltd. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong.
Stellar Lumens XLM a big setupThe SMAs:
After the powerful bull run, the price action of Stellar dropped very hard and broke down the uptrend line support. This trend line was working as a long-term market structure for the price line of XLM. After breaking down this trendline support the price action moved at the weekly 50 simple moving average an at the moment it is moving around this SMA. After the 50 simple moving average, there are also 100 and 200 simple moving averages below the price line.
Support and resistance:
The price action of Stellar has a very strong support zone starting from $0.28 to $0.22. If this support zone will be broken down then the price action can move to $0.12 because there is no significant resistance and support between $0.22 to $0.12. Therefore, for the price reversal, it is very important for XLM to save this supports zone.
Bullish harmonic Cypher move:
On the 2-week time frame chart, the price action of XLM has formed a big bullish Cypher pattern. There is also 25 SMA support in the buying zone. As per the Fibonacci sequence the buying and sell targets of this Cypher pattern can be as:
Buy between: $0.3474 to $0.2248
Sell between: $0.4439 to $0.6757
The maximum extent of potential reversal zone $0.2248 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 200%, and the high loss possibility is 36%, however at this time the risk is low as the price action is already close to the end of the buying zone.
MANA toke is ready for a big moveSupport and resistance levels:
From November 2020 to April 2021 the price line of MAN token surged more than 2600%. After finding strong resistance at $1.55 0 the priceline found nice support at $0.50. Right now it is moving between the $0.80 resistance and the $0.50 support level. If the $0.80 resistance will be broken out then we have the next resistance levels at $1 and $1.20. Once candlesticks will break out the $1.20 then MANA can easily move up to break out the next resistance at $1.55.
Daily SMAs and a possible death cross:
On the daily time frame, the price action has recently broken out the 200 and 50 simple moving averages. Now we have the next resistance of 100 simple moving average approximately at the same level where we have the $1 resistance level. The 50 simple moving average was moving down aggressively to form a death cross with 200 SMA. Now it is turning to the right side, therefore, it is possible that now this expected death cross will be avoided. However, if the death cross will be formed then the price action can still move towards the upside. Because the death cross will be formed below the candlesticks and there is a good support of 50 and 200 simple moving averages below the price action.
Bullish harmonic Cypher move:
n the weekly time frame chart, the price action of MANA has formed a big bullish Cypher, at the moment the priceline is moved up after visiting the buying zone, but it is possible that it may give us another chance to catch from the potential reversal zone if BTC takes one more dip. As per the Fibonacci sequence of Cypher, the buying and sell targets can be as below:
Buy between $0.6937 to $0.4283 (There is also strong support at $0.50)
Sell between: $0.9026 to $1. 40
There is also strong support at $0.50, therefore we can also set this level as a stop loss. As per the above targets, this trade has a big profit possibility of 220%, and the loss possibility is 38%, but we can also use $0.50 support as a stop loss to minimize the loss ratio.
MANA formed a big Cypher for upto 200% big moveHi dear friends, hope you are well and welcome to the new update on Decentraland (MANA).
Previously we had a huge trade by MANA token:
Now on the weekly time frame chart, the price action of MANA has formed a big bullish Cypher, at the moment the priceline is moved up after visiting the buying zone, but it is possible that it may give us another chance to catch from the potential reversal zone if BTC takes one more dip.