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Harmonicpattren

USD/CAD: SomeHi everyone! In the past few weeks we have already traded FX:USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation. ✔ At the moment, we remain below an important resistance (not shown on chart), but if there is a bullish breakout during the first hours of trading, another bullish consolidation should appear, pushing the price to retest the trendline around the 1.3389 area. ✔ From a technical point of view and following the pair on intraday chart, it could be interesting to take a long position on pullback or corrective structure that will appear. During the next hours/sessions, we will publish new updates, even on minor time frame in the section below, or visit our Blog for a more detailed technical analysis. Trade with care. Analysis by Anonymous Banker Team Like | Share | Comment
Long
by TheAnonymousBanker
18
EURCAD's Price Action shows potential bullish moveGreetings Traders, It is a pleasure to reconnect with you following a brief break. Here is my EURCAD analysis. EURCAD ANALYSIS Taking a long-term view, it is apparent that the EURCAD has been experiencing an upward trend, as evidenced by its movement within an ascending channel. Notably, between April 17th and 26th, there was a substantial rally of approximately 500 pips, resulting in the attainment of the month's highest price (1.51099). However, after reaching the March high, a bearish harmonic reversal pattern (referred to as a crab) appeared, prompting significant selling pressure, which caused the pair to drop until May 1st. On May 4th, the pair experienced a rally to the 1.50974 region, creating a relative double top pattern, followed by a significant decline. Currently, a bullish reversal harmonic pattern (bullish bat) is formed, and it is anticipated that it will prompt a significant bullish pressure towards the supply zone at 1.50770. My short and medium term targets will be 1.48039 and 1.49274 respectively.
Long
by Samuel124
EURUSD: Bearish consolidation in near term?Hi everyone! Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure. Trade with care Like | Share | Comment
Short
by TheAnonymousBanker
1
Macro Bullish BAT, SHARK, and Deep CrabAn extreme speculation outlook on where support may come in for BTC. BAT, SHARK, and Deep Crab all lining up at the 88.6 of the macro fib. The C point is purely up in the air where that could end up, but this must pump up to make a lower high at C to come all the way back to 21k for the full completion to D. Multiple patterns are lining up with this price target. Not to mention a higher low to be put in. From there, this could even go lower, creating another Deep Crab at 12k for the Full .886 of the bull run Shark.
COINBASE:BTCUSDLong
by Jetki
💡BTCUSD ANALYSIS💡Hello Valued Friends, Technical Analysis: Daily Bearish Shark: When examining the daily chart, we can observe that the Bearish Shark formation has completed. *The first target of 29275 has been reached. The second target is 28200 The third target is 26789 Daily and weekly closes above 32650 are important levels to be monitored. Daily Bullish Bat: Another possibility on the daily chart is the formation of a Bullish Bat pattern in a different area. This formation could herald an upward move following a downtrend. Potential Weekly Bullish Shark Formation: When inspecting the weekly chart, we notice the potential formation of a Bullish Shark pattern. Additionally, I am monitoring the weekly chart up until the 6th-7th month of 2024. Significant price levels are marked on the chart. Short-term expectations point towards a downward direction in technical terms. However, for the long term, around the 6th, 7th, and 8th months of 2024, I anticipate a significant rise based on the fundamental factors depicted in the chart. Furthermore, I have been using the speed resistance fan shown in the image for a long time. When it breaks the all-time high price, fan directions could prove useful. Fundamental Analysis: Particularly, the halving event in March-April 2024 and the BlackRock SPOT ETF application, which will be decided in February 2024, hold importance for the future of cryptocurrencies. Bitcoin Halving: The Magic of Limited Supply In March-April 2024, the Bitcoin network's reward system, known as halving, will occur. This means that the amount of Bitcoin miners receive per block discovery will be halved. Such halving events facilitate a controlled reduction of Bitcoin's supply. Historical instances indicate that each halving has led to a price increase in Bitcoin. BlackRock SPOT ETF: Could it Accelerate Institutional Acceptance? One of the crucial steps for wider acceptance of cryptocurrencies in the financial world is the creation of products that facilitate access to crypto assets by major financial institutions. The anticipated outcome of BlackRock's SPOT ETF application in February 2024 holds significance in this regard. If approved, it could provide a more straightforward and secure avenue for traditional investors interested in crypto investments. So, What Negative Factors Could Impact the Market at Any Moment? Bankruptcy of a Major Crypto Exchange: The insolvency or distress of significant exchanges could heighten market sensitivity. Such a situation could trigger trust issues and price fluctuations. Issues with Stablecoins: Problems with stablecoins, especially popular ones like Tether, could lead to market fluctuations. If a stablecoin loses value or its reputation, it could have significant effects on the crypto market. In conclusion, the market is risky, and being cautious while practicing risk management is essential.
BINANCE:BTCUSDShort
by shncoskunn
📈Bitcoin prediction, 26K or 31K? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas. If the price breaks below the mentioned areas, the price will drop to the level of 28,150 and then 26,500. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Short
by CrazyS
GOLD/ XAUUSD ROAD MAP 🔰 Pair Name : XAU/USD 🔰 Time Frame : 4H 🔰 Scale Type : Small Scale 🔰 Direction : SELL THEN BUY From a highly technical standpoint, it is worth noting that Gold is currently in the process of forming a compelling and exceptional Harmonic Pattern, specifically the bullish Crab Pattern. As the price approaches the XA 1.618 level, approximately around the 1898 area, we anticipate a retracement to occur, at the very least reaching the 1944 area, and potentially extending further to 1956.7 at the B point-C point. It is important to be aware that there is a possibility of the price retracing back to the 1938.5 area today before completing the pattern. It is crucial to exercise caution and make informed trading decisions while staying attentive to the market.
FX:XAUUSD
by Moon_SmartMoney
2
GBPUSD Price AnalysisFX:GBPUSD It is a quiet day for the advance of the FX:GBPUSD GBP/USD. Today there are no economic indicators from the UK to present. A lack of economic indicators leaves GBP/USD risk-averse to economic markets, while weaker economic indicators in China, Europe and the US have rekindled the sentiment as central banks remain They can use it. From the point of view of technical analysis, the GBP/USD is fluctuating in a one-hour time frame in a descending channel that is drawn and according to the upward trend formed from the bottom of the channel, now to The parity ratio seems to be undergoing a corrective trend from the recent rise, and it is likely that as long as the rate above the 50% Fibo support (No hourly candle closes are recorded below it) then the Price is also expected that the rate intends to complete the BEARISH BUTTERFLY harmonic pattern to 1.2807-1.2801, in the meantime, the XA wave roof resistance at 1.2761 is seen will be.
Long
by Daragolbon
GOLD ✪ POSSIBLE REVERSAL ✪ DOUBLE BOTTOM ✪ HARMONIC ✪ ONE HOURGOLD-USD is moving in BEARISH direction for a long time. However, in this technical analysis, several indications are presented which suggests the possible reversal of this precious metal instrument. Firstly, there is a presence of BULLISH divergence, instead the price is steadily DECREASING, the Relative Strength Index (RSI) has been showing a UPWARD movement which indicates that the BEARISH momentum of GOLD-USD may be losing its pace. Thus, this divergence between the price and the RSI suggests that the price may be over sold and due for a correction. Secondly, there is a presence of DOUBLE BOTTOM reversal pattern which also supports the idea of the reversal for GOLD-USD. This DOUBLE BOTTOM Pattern was observed at one hour time frame analysis. Based on above, it appears that the GOLD-USD pair may take the BULLISH movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE level. The Risk to Reward Ratio is suggested 2% of the total portfolio. Best of Luck..
TVC:GOLDLong
by haroonsiddiki