Cypher
ETHUSDT: bullish BAT or bearish CYPHERThere could be two harmonic patterns and two trend lines:
1. ETHUSDT seems to bounce between two trend lines;
2. it could break out the upper trend line, then it is going to form a bearish CYPHER with D at 0.786 or 2650 region;
3. if it breaks out the lower trend line, it could form a bullish BAT with D at 0.886 or 2360 region.
Mithril (MITH) forming bullish Cypher for upto 78.5% rallyHey dear friends, hope you are well, and welcome to the new update on the Mithril (MITH) token.
Previously we had a nice trade of MITH token.
Now on the daily time frame chart, the price action of MITH is very close to complete the final leg of bullish Cypher.
Buy and sell targets:
Buy between: 0.00000137 to 0.00000113 btc
Sell between: 0.00000156 to 0.00000202 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000113 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 78.5%, and the loss possibility is 18%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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.
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
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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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write in the comments. I will be glad. Thank You.