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Coinbase Textbook Bottoming Pattern Found Hi Guys! This is a Technical Analysis of Coinbase (COIN) on the 1 week timeframe. As you can see we have drawn out a Inverse Head & Shoulder Pattern forming in COIN. This is a textbook pattern as it follows to the t the necessary criteria both in price action and volume. Stages of the Price Action Downtrend to form Left Shoulder The rally from Left Shoulder does not breach the Neckline Downtrend from peak of rally to form Head The rally from the Head also does not breach the Neckline Downtrend from Peak of rally to form Right Shoulder The rally from the Right Shoulder breaches the Neckline A Return move from the breakout back to Neckline -> This stage we are currently playing out Volume Signs of Textbook Inverse Head & Shoulder 1. Left Shoulder has taller volume bar (higher volume) than Head Volume 2. Lighter volume or shorter bars seen for Head than Left Shoulder 3. The rally from Head to Right Shoulder has increasing volume that exceeds volume of the rally from left shoulder to neckline 4. DOwntrend to Right Shoulder -> shows a declining volume bar height / declining volume 5. Sharp Spike on Volume during rally from Right Shoulder to Neckline breakout 6. Declining Volume during current move, the Return Move Thoughts: Both times we rallied from the shoulders we reached a Resistance zone and got rejected. I believe we are currently in the "Return Move" to test the Neckline as Support -> The areas i am looking is: 1. 0.5 FIB Level, this is also where the 21 EMA converges so a Support zone to watch This area is important because it is the "Golden Zone" for FIB, as well as where the 21 EMA is at. This makes this area a place to observe for potential bounce. Though i believe this to be short lived. 2. Testing Support on the NECKLINE SUPPORT line 3. This one is least likely but nevertheless still possible, the 0.382 FIB Level, a potential scenario being a WICK down from testing support on Neckline After testing these levels i believe that Coinbase will start its Bull run where it has tremendous growth in market cap A first target would be breaching the Resistance zone and confirming it as Support. Take a look for yourself. Experts let me know what yall think! Stay tuned for more updates on COIN in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COINLong
by SafofAllTrades
2
dont miss the opportunity in the silver longCertainly, here's your text rewritten as if it were an analysis brief on TradingView: --- **Technical Analysis Brief: Silver** *Date: * **Analysis Overview:** Greetings, traders! I've conducted a concise technical analysis on the Silver market, and I'd like to share my findings with you. In recent observations, Silver has exhibited some promising signs, which could potentially lead to a favorable trading opportunity. **Key Findings:** 1. **Hammer Formation:** At the conclusion of a downtrend, Silver has formed a notable hammer candlestick pattern. This suggests a potential reversal in the market sentiment, as the bulls are showing signs of strength. 2. **Morning Star Pattern:** Additionally, there is a clear morning star pattern emerging on the charts. This is a bullish three-candlestick pattern, further supporting the notion of a trend reversal. **Price Projection:** If my technical analysis holds true, we may anticipate a positive price movement in the Silver market over the next 20 days. The projected target price is approximately 77,800. This presents an attractive trading opportunity for those looking to capitalize on potential gains. **Closing Remarks:** If you found value in my analysis, please consider showing your support by liking this post and following me for more updates. Remember to conduct your own research and risk management before entering any trade. Happy trading!
MCX:SILVER1!Long
by TrendlineTitan
XRP/usdt SeptemberI am pretty certain XRP is heading towards 0.60 mark, this could take 1-2 weeks or a month. But on the way I will be taking small positions both up & down... My analysis is as below, ( Note that these are all my assumptions and not facts ) - as of today or tomorrow, XRP should drop to around 0.475, it may drop further. - after the drop it should start a bullish movement heading towards 0.4980 as the first target and 0.53 as the second target. Please do your own analysis before taking risks.
Long
by Kivvwi
🚀XRP🚀 The Monthly Flag Pattern 📈📊 The Flag Pattern: The flag pattern is a technical analysis formation that often indicates a continuation of the current trend. It typically consists of a strong price movement (the flagpole) followed by a consolidation phase (the flag) that forms a distinct shape on the chart. 🏁 A Familiar Sight: XRP enthusiasts might feel a sense of déjà vu because the monthly chart is showing signs of yet another flag pattern formation. We've seen this before in XRP's historical price action. 📈 What It Could Mean: The flag pattern is generally considered a bullish continuation pattern. If history repeats itself, this formation might suggest that XRP is gearing up for another bullish run. 🔎 The Importance of Confirmation: While patterns like these can be exciting, it's crucial to remember that technical analysis is just one piece of the puzzle. Confirmation from other indicators and fundamental factors should be considered before making any trading decisions. 🌌 The Crypto Journey: The crypto market is known for its unpredictability, and every move should be approached with caution. Risk management and thorough research are your allies. In conclusion, the appearance of another flag pattern on the monthly XRP chart is an intriguing development. It hints at the possibility of a new bullish phase, but it's essential to use it as one tool in your analytical toolbox. Stay tuned, stay informed, and remember - the crypto world is full of surprises, and each chart pattern tells a unique story! 📊🚀 ❗See related ideas below❗ Follow + Like this post and share your thoughts in the comments; your engagement fuels the crypto conversation! 💚🚀💚
BITSTAMP:XRPUSDLong
by Yaroslav_Krasko
GBP/USD Analysis - A Patient Approach to TradingWhen it comes to trading GBP/USD, a well-thought-out strategy can make all the difference. In this analysis, we'll discuss a potential trade setup that involves retesting a support line and aiming for a resistance line. Remember, patience is key in trading, and risk management is crucial for long-term success. Support Retest: The first step in our analysis is identifying a retester support line. Currently, we are looking for a pullback that could potentially retest the support line at 1.24900. This retracement is a crucial phase in our trade setup. Entry Points: Once we observe the price reaching the support line at 1.24900, we can start looking for entry points. Timing is essential here. Keep a close eye on the price action, and consider using technical indicators or patterns to confirm the entry. Be cautious not to rush into the trade; wait for a clear confirmation signal. Take Profit Levels: For our trade, we have two take profit (TP) levels: TP1: 1.25430 TP2: 1.25760 These levels are where we anticipate the price may encounter resistance. It's crucial to have multiple TP levels in your strategy to secure profits along the way. Stop Loss: To manage risk, we should always have a stop-loss (SL) in place. For this trade setup, we recommend setting the SL at 1.24730. This level should protect your capital if the trade goes against you. Risk Management: Remember that money management is the cornerstone of successful trading. In this analysis, we recommend risking no more than 1% of your trading capital on this trade. This conservative approach helps preserve your account in case of unfavorable market movements. In summary, trading GBP/USD requires patience and a well-defined strategy. By waiting for the support retest at 1.24900 and carefully selecting entry points, along with setting appropriate take profit and stop-loss levels, you can increase your chances of a successful trade. Remember to stick to your risk management plan to protect your capital and maintain a disciplined approach to trading.
Long
by Ju5ke
Symmetrical Triangle continuationAUDJPYSymmetrical Triangle continuation Pattern in 1 Hour Chart AUDJPY, its show that might they Break out from this point to Upward Direction, showing bullish Trend. Entry Price & TP1 & TP2 Set Accordingly Stop Loss for Long: 93.939, For Plan B Entry price is also set for Short Trade might this go from this Point to down ward so we set trade accordingly & Entry Price & Stop Loss for Short Trade is 94.326 also Defined with TP1 & TP2 as well. Symmetrical Triangle continuation Pattern might take break out both side so we already make plan for the both side trades, once one side trade is active, so cancelled the other side, wait & watch
by TradingwithBelieve