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Double Top or Bottom

Nvidia Stock Double Top Nvidia 📉 **Double Top Pattern in Technical Analysis** 📉 A **Double Top** is a bearish reversal pattern that signals a potential trend change from upward to downward. It forms after a strong uptrend and consists of two peaks at roughly the same price level, with a valley (or trough) in between. 🔍 **Key Characteristics**: 1. **First peak** – Price hits a high point and retraces. 2. **Second peak** – Price rises again but fails to surpass the first peak. 3. **Neckline break** – A drop below the trough confirms the pattern, signaling a potential downtrend. 🚨 **What it means**: When the price breaks below the neckline (the support level), traders may look for a sell signal, as the pattern suggests weakness and a possible reversal of the current uptrend. #TechnicalAnalysis #DoubleTop #ChartPatterns #StockMarket #TrendReversal #TradingTips
NASDAQ:NVDALong
by AlgoTradeAlert
CHZUSDT: Bullish Breakout or Breakdown? Key Levels to Watch!Yello, Paradisers! Is CHZUSDT about to break out into a bullish rally, or will the support zone crumble and invalidate the setup? We’re at a critical decision point, and how price reacts at key levels will be crucial. Let’s break it down. 💎CHZUSDT has formed a W-pattern at a key support zone, which is a classic bullish reversal structure. This pattern increases the probability of an upward move, but it still requires confirmation. Without a proper breakout above resistance, the bullish setup remains incomplete. 💎To validate the W-pattern and increase the chances of bullish continuation, CHZUSDT needs to break through the resistance level and close a candle above it. A confirmed breakout at this level would signal strength from buyers and could lead to a significant upward move. 💎However, if the price pulls back instead of breaking out, there’s still hope for the bullish case. In the event of a retracement, we can expect a bounce from the strong support zone. But to increase the probability in our favor, it’s essential to watch for bullish signals on lower time frames. These include an Internal Change of Character (I-CHoCH) or familiar patterns like a smaller W-pattern or an inverse head and shoulders. Seeing any of these will reinforce the bullish outlook. 💎On the other hand, if the price breaks down and closes a candle below the strong support zone, the bullish idea becomes invalid. In that case, it’s better to step back and wait for cleaner price action to form before making any new decisions. It’s never a good idea to force a trade when the market is unclear. Patience is key here. The market rewards those who wait for high-probability setups rather than chasing moves without confirmation. Discipline and a clear strategy will always keep you ahead. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
Is PYTHUSDT About to Explode or Break Down?Yello, Paradisers! PYTHUSDT is shaping up nicely after forming a W pattern at a key supportive trendline. But the real question is—will the price hold and push upward, or is a breakdown lurking just around the corner? Let’s break down the critical levels and scenarios you need to watch closely. 💎If PYTHUSDT breaks above the resistance level and closes a candle above it, the odds of a bullish move increase significantly. This breakout would confirm the W pattern, signaling potential upside momentum. 💎There's still a risk that PYTHUSDT could retrace further before any bullish breakout happens. If the price drops lower, it could be a liquidity grab (inducement) to shake out weaker hands before bouncing from the strong support zone. 💎In that case, it’s better to wait for the retracement to play out and then look for a bullish reaction from the strong support zone before taking any action. 💎Now, here’s the worst-case scenario: if PYTHUSDT breaks below the strong support zone and closes a candle beneath it, the bullish structure will be completely invalidated. 💎In this case, it’s better to stay patient and wait for a clearer price structure to form before re-entering any positions. Never chase the trade—we wait for the highest probability setups to align. 🎖 Remember, patience is key in trading! The market will always provide opportunities, but it’s the disciplined traders who capitalize on them. Stay focused on key levels, wait for confirmations, and don’t get caught by false moves. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
Bullish Cases for ENA/USDT#Bull_Insights #014 Coin Ticker : #ENA Market : Binance Time Frame : 1 Week. This report analyzes the bullish indicators for ENA/USDT as depicted in the provided chart, highlighting potential upward trends and investment opportunities based on technical analysis. Key Observations: Volume Surge : There's a noticeable increase in trading volume at the end of 2024, which often precedes significant price movements. High volume can indicate strong buying interest, suggesting a potential bullish trend. Price Consolidation : The price has been consolidating within a tight range, marked by the red dashed lines (approximately $1.2 - $1.4 USDT). Consolidation after a downtrend and rebound can lead to a breakout, often upwards if accompanied by increasing volume. Support and Resistance: The consolidation area acts as a strong support level. If ENA breaks above the resistance with significant volume, it could signal the start of a new uptrend. Moving Average Cross: Although not explicitly shown, the price action near what appears to be a moving average specifically on the daily time frame confirms a golden cross (short-term MA crossing above long-term MA), a bullish signal. Relative Strength Index (RSI) : The RSI, if considered, rebound from the oversold area and currently showing bullish sentiment with a divergence in the formation (not visible in the chart). An RSI moving upwards from an oversold condition or showing bullish divergence could confirm buying momentum. Pattern Formation : The price action seems to be forming a potential double bottom or and in some particular cases inverse head and shoulders pattern, both of which are bullish reversal patterns. Confirmation of these patterns with a breakout above the neckline or the red rectangle resistance area would be a strong bullish signal. Fibonacci Retracement: The price is currently near the 1.68 Fibonacci extension level. A bounce from these levels could indicate the resumption of the forming uptrend. 🔼Bullish Cases: Breakout Scenario: A breakout above the current resistance with high volume could lead to a target price calculated by the height of the consolidation range, potentially pushing ENA towards $1.6 - $1.8 USDT in the short term and will pave a way for the long term ATH move for the coin. Pattern Confirmation : If the patterns mentioned (double bottom or inverse head and shoulders) are confirmed, this could lead to significant price appreciation, targeting levels beyond the previous highs. Volume Confirmation: Continued increase in volume alongside price movement will validate the bullish case, suggesting strong market interest and potential for sustained growth. Fundamental View on the future of MIL:ENA : ▶️ Sector: DeFi ▶️ MC: $3.73B ▶️ FDV: $18.58B ▶️ Unlocked supply: 20.22% - Ethena is a synthetic dollar protocol built on Ethereum. - It offers a crypto-native solution for money that doesn't rely on traditional banking infrastructure. - Additionally, it provides a globally accessible, dollar-denominated savings instrument — the "Internet Bond." Conclusion: The current technical setup for ENA/USDT shows several bullish indicators. However, investors should watch for confirmation through volume and price action before making investment decisions. Always consider broader market conditions and news related to ENA that could affect its price independently of technical indicators. Recommendation: Monitor ENA/USDT closely for breakout signals above the current resistance. If confirmed with volume, consider entering long positions with stops below the consolidation area for risk management.
Long
by cryptotalk_et
Denison Mines Corp Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Denison Mines Corp Stock Quote - Double Formation * (Neckline) At 1.9250 USD | Subdivision 1 * Head & Shoulders Pattern | Entry Bias | Short Position - Triple Formation * 6X Retracement | Numbered | Subdivision 2 * (Flag Structure) | Uptrend Bias | Long Position * Daily Time Frame | Behavioural Settings Condition | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:DNNLong
by TradePolitics
ROSEUSDT on the Verge of a Breakout or Breakdown?Yello, Paradisers! Are you watching ROSEUSDT closely? If not, you might want to pay attention because this setup is reaching a critical point that could make or break its next move. Let's dive into the key levels and scenarios we're monitoring to stay one step ahead of the crowd. 💎ROSEUSDT is attempting to form a W pattern from a key support zone. If this pattern fully materializes and we see a breakout with a confirmed candle close above the resistance, the probability of a bullish continuation will increase significantly. This move could open the door to higher price levels. 💎However, it’s essential to wait for confirmation—the breakout must be backed by a solid close above the resistance level to validate the W pattern. No premature entries, Paradisers! Discipline is key. 💎If the price pulls back before breaking out, there’s a high chance of a bounce from the strong support zone. But to increase the odds in our favor, we need to see signs of bullish intent, such as a bullish I-ChoCH (Internal Change of Character) or familiar bullish reversal patterns like the W pattern or inverse head and shoulders on lower timeframes. 💎Keep in mind—it's not just about the support holding, but also about how the price reacts at these levels. Strong bullish reactions give us more confidence to enter trades. 💎On the flip side, if ROSEUSDT breaks down and closes a candle below the key support zone, it will invalidate our bullish idea entirely. In that case, it’s better to remain patient and wait for new, more favorable price action to form before taking any positions. 💎Patience and discipline are what separate successful traders from the rest. We wait for high-probability setups with clear confirmations. No rushing into trades without a validated breakout! Trade smart, Paradisers. Stick to your strategy, and remember—the market rewards the most disciplined players. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
5
Crypto Bull Market is Over!!!I'm a big Crypto fan and investor and this is my 3rd Crypto Bull run. We all enjoy the excitement of the 3-5 and 10x that these Bull markets bring us; however, we can never tell when the Institutions will pull the rug under us retail investors. Even though that I want this Bull Market to continue, we have to be realistic and look for clues to be able to come out with profits. If you look closely at these 3 charts and see how their tops all came pretty much at the same time, we have to speculate very hard that the Top is In. There is enough evidence that tells me that a Market Top is In on all 4 charts. First off, Homebuilders Trust on the Left showed a top in 2021, where it was the exact time that SP500 top as well as Bitcoin. Tops come when noone is expecting and all channels and influencers I read and watch are saying that we will have another run in Jan-Feb-Mar 2025 and some are saying this Bull market will last until Nov 2025. I really "hope" that this happens, but 'hope' is not a word to be used in trading. There is no Hope in trading. There is facts and one must try to find these little clues and make their best investment decisions. If the Top is In, how do we prepare? The way I'm seeing this that there is a lot of invested money out there yet so probably Jan 20 during Presidential inauguration, we should see another run up and excitement and news bringing everyone super excited to Crypto so Institutions can unload their bags. Then we should see sideways to downtrend begins. I will certainly start selling my bags and only leave 25% of my investments in case I'm wrong. In times like this, it is better to come out with some profits than no profit at all. What other evidences am I seeing? Homebuilders had a Head and Shoulders formation at the top on 2021, Sp500 had a triple top, BTC had a triple top. What do we see now in Dec 2024? BTC shows a Bearish engulfing in the Weekly Chart and in the Monthly it shows a Topping Tail or reversal Pin Bar. The SP500 shows a Head and Shoulders in the daily chart, (even though Nvidia is having a monster move as I write this today), Nvidia also has a Head and Shoulders in the daily chart. Google also has a Double Top in the Weekly time frame the same it had in Nov 2021 when Google top was in. All in All, we have to take all these facts in consideration and prepare ourselves. I hope you found this informative and helpful. Leave your comments below and let me know if you think that the Top Is In or not. Happy Trading.
BITSTAMP:BTCUSDShort
by ppatrading101
Is CYBERUSDT on the Verge of a Major Breakout? Yello Paradisers! Are you watching CYBERUSDT closely? If not, now’s the time. We’re at a critical point with a textbook W-pattern forming right at the supportive trendline of the ascending channel, and things are heating up! Let’s break it down. 💎The pair is currently respecting the ascending channel’s support, increasing the probability of a bullish move. But the key lies in what happens next: 💎If CYBERUSDT breaks through the resistance level and closes a candle above it, we’ll have a confirmed W-pattern. This will likely trigger a strong upward move, giving bulls the green light to step in. 💎If the price pulls back further, we’ll watch for inducement below the current level. This could bring the pair down to a strong support zone, where we’ll need to see bullish reversal patterns like a bullish I-CHoCH, W-pattern, or inverse head and shoulders on lower timeframes before considering long positions. 💎But let’s not jump the gun, Paradisers. If CYBERUSDT breaks down and closes below the strong support zone, it will invalidate the bullish setup entirely. In that case, it’s best to step aside and wait for better price action to develop. Trade smart, Paradisers. Remember, it’s not about predicting every move—it’s about waiting for the right setup and striking with confidence. Patience is what keeps you in the winner’s circle. Stay focused and disciplined! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
*BA UPDATE* 2 weeks into the trade (21MAR24 200C) Original Chart STATUS UPDATE: If you got into the $200-205 C EXP 21MAR25 on 02DEC2024 you're probably sitting at around 65%-75% in the green. BA has moved roughly 40 points since its most recent low $137.03 on 15NOV2024, and roughly 15 points since we entered on 02DEC2024. I suspect we keep that same trajectory for the next 30 days and that will take us to our target with 2 months to spare. Alot of good catalyst have come out recently surrounding BA's production and employee strike settlements. We may have another pop here this week coming up due to potential FED rate cuts, sending us even closer to our target of $200 per share by 21MAR24. Upon looking at the charts I noticed BA actually formed more of a triple bottom which is even more bullish than a double bottom. The neckline break of around the $265 area could run us up into the $320 area, once the options chain opens up deeper in price I will take a look at calls deeper OTM. I have found major monthly resistance at the $320 area so if you decide to diamond hands through the break our next trajectory will take us into the $380 area. At the point I would be all out when price starts to enter Monthly supply from $384-447 expect a major rejection off this area and DONT BE A BAG HOLDER..... - I got caught bag holding PLTR after making good money on them the week before. Keep in mind were looking to make money on BA all year. Keep your eye on the prize, as I hop into more calls in the future I will inform you all of the strike price, Date of EXP and entry price P.S. dont get caught up in the little intra day moves and little losses here and there, "When in doubt, Zoom out"
NYSE:BALong
by WadeTradez
6
Xau/Euro Sell IdeaGold/Euro has reached a resistance area that has not held 3 times now since last November. This is basically a Triple Top on the daily time frame. This is resistance and now we expect a fall again here like it did the last 2 times price reached this point. This idea is purely based off of the idea of resistance. There is not any signal to sell this pair right now on respectful time frames such as min 15 and so on... So you need to wait for a sell signal first, then sell. If you try to sell from the tip top and overleverage the trade, well... that never works as aud/usd, eur/usd, and nzd/usd proved to everyone today. So be careful with this trade
OANDA:XAUEURShort
by RlcTrading
VNET Up +- 40% From Potential Double Bottom. The Big Picture.VNET is Up +- 40% From the Potential Double Bottom. Remains Extremely Risky and Speculative. However, ones best returns are often seen from these Risks. This is also a China Trade, and not a Long Term Investment. However, the prior Levels do show GREAT Potential for further Upside. I started to nibble on the Bottoms with only a few $100 and is working for now. Follow the Larger Trend. Use 2 to 3 time frames to see the 30M, 4H and 1W Trend. Make your decision's based on the Larger 1W Trend. This is a Speculative 6 - 12 Month Trade. I also use the IMACD indicator to see the rate of change, also the CCI Stochastic. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
NASDAQ:VNETLong
by hitchcoxg
1