I am still not 100% sure if this pair has shown signs of a fake breakout, we will need to monitor the price on Monday and wait and see whether or not price wants to continue ot respect the ascending trend line or trade outside it again. Definitely one to keep on your watchlist, lots of potential for an upside move here. COT Data - 72% Short
After a fake breakout of the 4hr trend line (manipulation?), I expect this pair to re-test line before continuing higher. I would take this trade, via a buy limit order which would be placed in a confluence area with a 4hr trend line, market structure support and 50% fib level.
After a break and close below that was followed by a close back above and retest of lower part of consolidation channel, this pair has confirmed the fake breakout and is now well placed with an opportunity to ride the next swing leg and the creation of a higher high on the daily TF. Target can be set at the 127.2% fib extension taken on the retracement. Entry can...
Will we witness a $0.34 break and retest for a further bull run, or is it just a 'fake bull run' and we're going to dump back to the $0.17 level?
SPIKE FROM DOWNSIDE | INSIDE PATTERN BREACKOUT TRADE ONLY, BIG PLAYERS SUCCESSFULY CREATED SPIKE TODAY.
i would wait a rebound in the red circle before feeling it can go higher.
FAKE BREAKOUT, WEAK CANDLES, GOOD RISK REWARD RATIO 1:2
RSI in over extended territory, BBS well over extended. MFI showing alot of cash flowing in, though I have noticed that this indicator does and has shown high vo;ume with pumps in price. The MACD seems quite confused though is bullish and Stochs are showing overbought... I would be careful of this pump, I do believe this could very well be a fake out. It has...
1st day -1.37% worldwide confirmed cases
As we can see since some weeks ago, the price as been respecting this area very well. Before the market close on 22-05 we can see a breakout for the down side and a fake out right next. We can see that is a fake out because the price came down again. And now is expected a nice retest and a clear confirmation for the sell oportunity. A good Stop Loss with around...
As you can see in the chart, In the last few weeks we have witnessed two very strong and Important events: 1- V-Spike Pattern: Bitcoin dropped about 60% in just 2 weeks and then recovered almost the entire previous drop in less than 2 month. This move can be considered as a strong bullish sign in the market. Because the bears used all their power to lowering the...
Hello friends, I hope you're all well. I've been thinking of making SWOT and technical analysis videos for crypto and stocks. I really enjoy the fundamental analysis part, it's the wetstone used for sharpinng a dull knife(Decision), the technical part is the polishing of the knife(precision). Okay so, Bsv is pushing up slowly, and Btc is fluctuating around...
TEZOS looking very strong against BTC. my game plan for XTZ... Good Luck...
Overall trend of the price is DOWN . Price has fallen down from descending triangle(orange) and has made fake breakout of the daily key level. Price was rejected at this level, we can also see bullish divergence (green) at this point. These two things strongly indicates that price should go up. Since overall trend is bearish it's risky to open long position. We...
HELLO TRADERS! USDCAD is in a triangle Pattern. There is a failed breakout to the downside. We are buying to the top. It will most probably break the triangle above. Then it will go up at least the size of triangle. Its main target is 1.5000.