XRP completed Cypher pattern for up to 70% profit rallyHi dear friends, hope you are well, and welcome to the new update on XRP coin.
On the small-time period 4-hour chart, the price action of the XRP has completed the final leg of bullish Cyhper and entered the potential reversal zone. There are also good support of 50 SMA in the buying zone and 100 and 200 simple moving averages below the buying zone.
This trade has a profit possibility of 70%, and the loss possibility is 16%.
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.
Cypher
GBPUSD - Potential Bat, Cypher & Gartley PatternsFirst & foremost I apologize for being away from tradingview for so long. I do try to make a habit of posting here every once in a while, but it's been a busy start to the year so my priorities have been elsewhere (as you've most likely seen).
Speaking of busy, it's been an extremely busy year for pattern traders as well. For me, personally, 15 of the 18 trades that I've taken thus far have been pattern formations & that's due to the massive amount of consolidation that we've seen in the markets.
The GBPUSD is one of those pairs that has been consolidating of late & it currently has 3 potential pattern formations setting up. Now the only one that we need to pay attention to now would be the potential bullish bat at the bottom since the D leg is almost complete. But if it provides us with a bullish response, we would then be in the process of potentially completing the C to D legs of the bearish Gartley & Cypher Patterns as well.
We'll need to keep an eye on these to make sure none of the requirements are violated but wanted to share these potential opportunities with you.
Your Trading Coach - Akil
ICON (ICX) Will Set New High After Breaking Out This ResistanceHey friends, hope you are well, and welcome to the new update on ICON coin.
Cypher move and a 200% rally:
In the month of Oct I posted a chart, in which I showed that the price action of ICX with US Dollar pair has formed a big Cypher on monthly chart and soon it will be turned bullish from the potential reversal zone of this pattern.
Support and resistance levels:
On ICX with US Dollar pair, after the 200% move the priceline has found resistance at $0.95 and after getting rejected by this level the priceline broke down the previous support of $0.80 and after getting bounced by daily 25 simple moving average again breaking out the $0.80 resistance level.
Up channel:
On a daily time period chart, the priceline of ICX coin with US Dollar pair is moving in an up channel. After the recent bearish move, the priceline spiked below the support and used 21 exponential moving average as support and re-entering the channel right now. If the priceline will again reach the resistance of this channel then we can see an imminent move up-to $0.95.
Big Shark move:
On the monthly time period chart, ICX with Bitcoin pair has completed a big Shark pattern and now it is gearing up. So we can expect a big move soon in the BTC market and in the US Dollar market as well.
Long-term final resistance:
The ICX with Bitcoin pair has been bounced from the 0.00001400 btc support and reached the next resistance at 0.00003000 btc, after this level we have the next resistance at 0.00006100 btc and the final and key level resistance can be 0.00009100 btc because in long-term there is no significant resistance after this level.
Conclusion:
Once the priceline will break out the key level resistance and it can surpass the highest price and set the new high in the history of ICX coin.
CADCHF H4 - SHORTCADCHF H4 - SHORT
Cypher pattern with D-completion at 0.786 fibonacci retracement of XC leg.
Look for selling opportunities within the D completion and resistance level for a SHORT opportunity. Otherwise, you can potentially place a SELL LIMIT ORDER @0.70363 for a sniper entry to catch a 1:2.5 trade towards the next support area.
Understand that this is a countertrend trade and the idea behind this is to capture 1:1 as soon as possible.
For those in USDCAD, you may be exposed to 2 CAD pairs therefore, manage your trade.
CADCHF > Advanced Harmonic Pattern, Sell Setup!!If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you.
Analysis of #CADCHF
Hello friends,
Possible Cypher pattern might complete soon, there are two ways to trade this pattern.
1-Aggressive entry by setting a limit order at D completion
2-Conservative entry by waiting for confirmation at the structure level, which I prefer
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
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-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
USDJPY Short Trade IdeaFollowing the previous week's 3rd wave impulse move by UJ, this is the update on the end of the third
wave and the possible beginning of the 4th wave pullback. At the very same time, it appears that a
cypher harmonic pattern is underway. I am looking to capitalise of the CD leg of the harmonic pattern
and then later take on the 5th wave to complete the impulse move.
Let me know down below about your views on UJ for the coming week, it may be a very interesting
move.
Targets:
- 104.450
- 104.340
Ethereum (ETH) Less Than $1600 Is Damn CheapHey friends, hope you are well, and welcome to the new update Ethereum coin.
14000% rally:
From 2015 to 2016 the price action of Ethereum rallied from $0.15 to $21.49 that was more than 14000% gain.
22000% rally:
After 14000% gains, the price action of Ethereum started the next rally from 2016 to 2018. This time it was more than 22000%, that was almost doubled move than the previous one.
Bullish Cypher move:
it can be also observed that before the second bullish rally the priceline also formed a big harmonic Cypher pattern on the monthly chart and started this big move from the potential reversal zone of this bullish pattern.
Bullish Gartley move:
Now recently back in March 2020, the price action completed another bullish harmonic Gartley move on the monthly time period chart. I also shared this move in march as below:
Now from the potential reversal zone of this pattern the price action has rallied more than 1500% sofar and reached the highest resistance level in its history.
Conclusion:
As the priceline of Ethereum has been reached the highest resistance level in its history. This big harmonic Gartley move is a powerful signal that the priceline of Ethereum is again going to make a big move like 2016 to 2018, and it can be doubled than the previous rally.
EURCAD > Looking for A Sell Confirmation!!If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you.
Analysis of #EURCAD
Hello friends,
Waiting for a rotation pattern to sell this CYPHER pattern.
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
Is it time to re-test BTC highs? Possible Double Bottom?It's way too early to tell, but I can't help but look at market structure and the technicals. Bitcoin corrected at twice to the same point. Perhaps price is not ready to sell lower at this time. Always study price action. Trade at your own risk. Please refer to previous posts below.
XMR formed Cypher pattern for upto 40.5% bullsih rally
Hi friends, hope you are well, and welcome to the new update on Monero.
On the weekly chart, the price action of the XMR has completed the final leg of bullish Cyhper and entered in the potential reversal zone. The price action is breaking down the 50 simple moving average but we have another good support of 100 SMA below the buying zone.
Possible profit and loss ratio:
This trade has a profit possibility of 40.5%, and the loss possibility is 10%.
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.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
GBPJPY SHORT analysisSHORT trade analysis on GBPJPY .
Graph is looking bearish to lower trendline . Trade idea is also shown on MACD and RSI indicators, so you can see that graph made regular bearish divergence .
If you liked this idea or if you have your own opinion about it, write in the comments.
USDCAD made BULLISH CYPHER PATTERN and will RISELONG trade analysis on USDCAD .
Graph is looking bullish to upper trendline . On the chart is clearly seen bullish cypher pattern meaning that price will rise. Trade idea is also shown on MACD and RSI indicators.
If you liked this idea or if you have your own opinion about it, write in the comments.
EURCAD gonna FLY 🚀LONG trade analysis on EURCAD .
Graph is looking bullish to upper trendline . On the chart are clearly seen 2 consecutive bullish cypher patterns meaning that price will rise this time too.
But right now i expect small price drop to support area (due CAD price rising in future days), which was many times hard to break in the past as you can see on the chart.
So you can take this analysis as buy for long term with larger stop-loss, or sell on short term with small stop-loss.
Trade idea is also shown on MACD and RSI indicators.
If you liked this idea or if you have your own opinion about it, write in the comments.
Bullish Cypher Pattern Started.the detail is shown in the above Idea.
in the previous as I expected sellers could Break the daily golden line and fall to the leg of the pattern.
now I expect buyers again will enter to market Strongly to release sellers pressure.
(Monday gap define sellers or buyers power ratio )
Targets optimistically designed in BTCUSD 4H - I believe!!!Technical analysis regarding the price of BITCOIN in relation of dollar for the next scenarios, based on 4h movement.
The price I have been walking effecting its downward corrections. The price found a strong support region at 29K697, touched and is already retracting.
Projecting the Chypher correction, we obtain the level of 1,188 that the price made. In such a way, the price is gaining momentum (high) and may increase the most considerable resistance that we have in 41K939 (the price breaking the EMA of 89 periods will make it more feasible for the price to continue to rise.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***