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Higherlows

LINK Symmetrical Triangle|Hidden Bullish Divergence|Low VolumeHello Traders! Exciting update today on LINKBTC which is looking quite bullish forming a symmetrical triangle in a blue sky breakout Points to consider, - Trend putting in consecutive higher lows - .236 Fibonacci – Local Resistance - 50 Moving Average, holding support - RSI travelling into wedge - Stochastics in lower regions - Volume declining LINKBTC broke structural resistance confirming the blue sky breakout with consecutive higher lows. It is now trading in a symmetrical triangle with a high probability of breaking bullish. Local resistance is from the .236 Fibonacci, looks quite weak compared to patterns support. The 50 Moving Average on the other hand is holding true after the first retest of the initial break. The RSI is travelling in a wedge and also diverging from price, confirming a valid hidden bullish divergence. Volume is clearly declining, signalling a break is imminent most likely to occur near the apex. Overall in my opinion, a break in either direction is probable due to clear support and resistance. There is however a higher probability of breaking bullish due to the nature of the uptrend. Volume will coincide with a breakout, confirming the pattern being true. What are your thoughts? Please leave a like and comment, And remember, “Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.” ― Yvan Byeajee
Long
by AzizKhanZamani
FETUSDT [Watchlist] : Breakout Attempt - When and How to BuyThe price action for BINANCE:FETUSDT is currently making an attempt for crossing-up the resistance area after few days of building-up just below. Depending on whether the current daily candle will close above the resistance, it will give traders a good opportunity to take a long position. Overview : since the Nov 22th low (at 0.0217) the price action has initiatedan upward move while making higher lows (i.e. green curves on the chart). Over the past few days, the price has been building up (grey box) just below the current resistance area between 0.06368 and 0.06059 (i.e. red rectangle ). The bullish structure formation since the Nov 22th low gives bulls good chances for potentially breaking-up the resistance area this time. FETUSDT-FETBTC Convergence : traders may notice a convergence by looking at the price action for BINANCE:FETBTC . The chart clearly provides the same bullish signs described in the BINANCE:FETUSDT chart. Finding convergence for an asset traded against two distinct assets generally a good sign. Here's a link for the BINANCE:FETUSDT chart : Risk management : given the elements described in the overview, traders might wait the current daily close to take position or not. If the price closes above the top of the resistance (i.e. 0.06369), it will be a bullish sign since buyers would have been able to push the price above the resistance. Profit targets and stop loss would be set based on the entry price. My Trading Principles : - Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3. - Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit. - Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade. "Remember, plan the trade, trade the plan. Build that discipline." I will keep updating this trade according to the future price action. Please support this idea with your likes, thanks. Best regards, You can also follow me on : => Telegram : t.me => Twitter : twitter.com => Instagram : www.instagram.com => LinkedIn : www.linkedin.com
by jbadiabo
ATOMUSDT [Watchlist] : Bullish Structure FormationThe price action for BINANCE:ATOMUSDT  (on the left side) is currently forming a bullish structure while facing a strong resistance around the 4.013 area after a first attempt on 11th-12th November which resulted in a false breakout. When looking backward, traders may notice a bullish structure formation initiated by a double bottom in September. This should attract traders' attention in a context where the market is within a bearish trend. Overview : since the double bottom on Sept 05th and Sept 24th, the price action has made higher lows (in green on the chart) along the way. After a nearly 40% correction ended in Nov 22th, the price action found buyers in the 2.6 area (last higher low). ATOMUSDT-ATOMBTC Convergence  : traders may notice a convergence by looking at the price action for BINANCE:ATOMBTC (on the right side) which demonstrates the same bullish structure noticed in the BINANCE:ATOMUSDT  price action. Risk management : given the overview, two options can be taken by traders. 1st option : traders may for a second retest of the previous support (i.e. 3.569 area) to take position. In that case, traders should place pending order along with a tight stop loss below the support. 2nd option (preferred one) : trader may wait for a breakout of the 4.013 resistance followed by a pullback to take position. In that case, an alert should be set for the crossing up of the price action. My Trading Principles :  -  Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3. -  Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit. -  Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade.  "Remember, plan the trade, trade the plan. Build that discipline." I will keep updating this trade according to the future price action. Please support this idea with your likes, thanks. Best regards, You can also follow me on :  => Telegram : t.me => Twitter : twitter.com => Instagram : www.instagram.com => LinkedIn : www.linkedin.com
by jbadiabo
XLM/BTC New Lower Highs | Key Resistance To Break! Hello Traders! Today’s chart update will be on XLMBTC which has been putting in lower highs as it approaches a key structural resistant level... Will bulls have momentum to break resistance? Points to consider, - Overall trend putting in higher lows - Key resistance yet to be broken - Stochastics projected up - RSI respecting its trend line & Neutral - EMA’s giving price resistance - Volume below average - VPVR decreases in transactions XLM has had a decent run from yearly lows, putting in consecutive higher lows; a trend change confirmation will only come to fruition if and when the structural resistance is broken convincingly. Resistance is looking staunched as of right now due to multiple rejections, price must hold above to avoid a false break. The stochastics right now is projected to the upside, can stay in lower regions for an extended period of time, however there is lots of stored momentum to the upside. RSI is currently neutral but is respecting its trend line, it needs to maintain to hold a higher low projection. The EMA’s is serving as resistance at current given time, it needs to cross bullish upon break of resistance to give added support for the bullish momentum. Volume right now is below average, an influx of volume is required to confirm direction of trend and to avoid a false break. The VPVR shows a clear decrease in volume of transactions, this signals that bulls will have low levels of resistance poised if and when price breaks structural resistance. Overall, in my opinion, a confirmed trend change will only hold true if structural resistance is broken. Targets for this break can come from the Fibonacci extensions, price is likely to reach the 2.618 Fibonacci extension due to the low level of volume transacted on the VPVR. What are your thoughts on XLMBTC? Please leave a like and comment, And remember, “Sometimes the best trade is no trade.” – Anonymous
by AzizKhanZamani
4
BTC Update! Continued easy higher low tradeWelcome back for the next leg up bulls. We got what we were patiently waiting for last chart. We have been following our 4 hour chart for the higher lows and were patiently waiting to get the next leg up which would allow for some profit taking and then a risk free trade based on stop losses of higher lows. We have now accomplished this and can rest pretty easy here. We were also watching EMAs last chart as price was stuck between the 12 and 26 EMAs with one giving resistance and other trying to hold support. If support failed we just watched the higher lows to make sure those held. They did and we established another higher low since last chart down at $9978. With this leg up over night, we have yet another higher low at $10,265. I personally took my first sell here in the low $10,700s just to lock in some profit as well as bulls running into daily EMAs at this level so was anticipating some potential resistance. Thus far bulls handling it well and it appears bulls are in control and may make the move towards $11k today. Back to 4 hour chart, we are also getting our EMAs to give a bullish cross here. Last time EMAs crossed bullish was around $9700 before running up to over $12,000. They then crossed bearish around $11,400 and will now cross bullish here. Some will and do successfully trade EMA crosses. Sell when they cross bearish (12 goes below 26), buy when they cross bullish (12 goes above 26) or whichever EMAs you use. I've personally really only used 12 and 26 EMAs for a few years now and they have worked very well. Now that the bulls are back above both EMAs, we will watch to see if they also hold as support. Personally scaled out about 15% of my position to lock up profits and remainder is at a stop loss under most recent higher low. If bulls continue to give new legs up, then I continue to raise my stop loss. It is now a risk free and slightly profitable trade based on stop loss levels. Happy Trading and lets see if bulls can put together a solid run here. A few days ago I was eyeing this $10.5-10.9k as resistance area and we got that at 10.5 so lets see if bulls continue to find further resistance within this range. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
1
CAD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair CAD/CHF: Lets start with the Top Down Analysis. Monthly: On monthly we see the currency pair has made L.H (Lower Highs) and H.L (Higher lows). In summary, the trend has made a Pennant. Weekly: We've been seeing more lower highs lately which confirms the trend is bearish. Daily: We see a trendline, and the candle touched the trendline just before the market closed. H4: H4 is for today the timeframe where we wait to execute the trade. I'll keep you up to date when the market opens.
Short
by Bullandbeartrading
18