Monthlychart
Eth has a similar bullish confluence pattern to btcJust like the bear flag and wedge on btc, Eth also has a weekly bearflag pattern inside a monthly wedge. Eth’s flag is more of a bear pennant however since its flag is a symmetrical triangle..where as the flag on btc is a descending channel. Definitely gonna have to overcome the weekly 50 MA and maintain it as support to sustain a bullish breakout here. *not financial advice*
ENGINERSIN possible double bottom breakCMP 87.90 | High volume gain | New 52 week high
Engineers India possible double bottom breakout
FII / FPI or Institutions increasing their shareholding
Strong Momentum: Price above short, medium and long term moving averages
*Not recommendation, do your due diligence
Idea :)
Symmetrical Triangle on the XRP Monthly chart ready to breakout?This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years now and is super strong support. We just had a flash crash on the daily dip down below it and threaten to trigger what looks like a h&s on the daily chart (not shown here) however that was quickly bought up and with very little volume to show is looking to be a classic fakeout breakdown/bear trap. Still a decent amount of hours left in todays daily candle but as long as that candle closes green it is a very good sign that this triangle will likely be breaking upwards. *not financial advice*
Kirloskar Ferrous rounding bottomCMP 333.90 | New 52 week high | Good volume | Bullish momentum
*Not recommendation
Kirloskar Ferrous Industries Limited (KFIL) manufacture pig iron and ferrous castings. Business areas of the company encompass Grey Iron castings S.G Iron castings Steel Investment castings and Pig Iron.
Nelcast breakout on monthly chartCMP 104.05 | strong technical momentum | New 52 week high
- Tracking for mid/long term
- Bullish technical indicators
*Not recommendation
Nelcast is the Largest Jobbing Foundry in India for the manufacturing of Ductile & Grey Iron Castings. Products cater to the Global Automotive, Tractor, Construction, Mining, Railways and General Engineering sectors.
Monthly falling wedge on btcusd reaching its apex on bitstamp.We currently have 9 consecutive daily chart candle closes above this falling wedge. You cant see that here because it is the monthly chart. I think we will need at least 2 weekly candle closes above the falling wedge to confirm its breakout however. Other exchanges charts have had price action above their falling wedge patterns for even twice as long as this one has so that adds to the bullish confluence and probability that this pattern will soon confirm a break out upward. A breakdown from this pattern would result in an impossibly low measured move target so odds favor the break upwards. May still take a couple months to confirm however. (Not financial advice)
$SPX to 2950I don't see a reason why $SPX could not sell off to 2950, which is a 100 MA on monthly chart. Got there in covid and much below in 2009 also. RSI is still high on monthly, and fisher transform indicator can go much lower. I'm just keeping an opened mind to possibilities. Let's hope it won't happen but there's not much reasoning for me to think otherwise.
Monthly Closing Of Bitcoin (June)
In Monthly (June) Chart BTC Closed Above Previous ATH ($19798) . With A Wick Of $17622
There Still A Chance For Bitcoin To Bounce Back From This Support
But It's Still In Danger Zone , As Many Bad News Can Effect This Support Level
Breaking Down Will Lead To Demand Zone Around ($9800 - $12K)
#TheStrat BTC 13k to 16k Still a Possibility!4hr Chart shows the small broadening formation we are currently inside of
I would watch the price action closely in this broadening formation and the longer term formation from my last post and look for bullish reversals (ex. 2u-1-2d, etc) on the daily and weekly timeframes.
Keep in mind that the monthly timeframe is still red, my humble prediction for the reversal and recovery of bitcoin would be within 2 months . This is so that the monthly chart candles have a chance to form an actual reversal (ex. 2d-1-2u).
Educational purposes only, not financial advice.
Thanks for reading :)
BTCUSD testing bottom trendline of monthly wedge!This is a super pivotal moment for the bitcoin correction. The candle is currently holding support on the bottom trendline of the wedge. However it wouldn’t surprise me to see the candle send a brief wick down to the monthly 50ma (in orange) which is double reinforced support with the grey line of the logarithmic regression rainbow. I could see us sending a wick down there then bouncing up and closing the monthly back above the bottom trendline of the wedge. I anticipate a fakeout breakdown first to draw in shorts. We will see what happens. I expect the 20-22k area to at least hold candle body support on the monthly at the very worst but as always this is not financial advice. Lowest I anticipate a wick goin is 14k but then again there is a gap still left infilled somewhere around the nonsensically low level of 9.6-9.7k so who knows the market loves to leave everyone in complete dismay so anything is possible. Personally I will be accumulating small amounts once we reach the gray regression line and slowly laddering in ever further rung down and seeing anything lower as a buying opportunity. Again not financial advice.
My XRP perspective my long term!!!I found out a possible big accumulation for the next years in XRP to take in your eyes!!!
Because as we look, we're in the bear market that I suppose a crash to $0.22 cents.
I planning to buy a massive amount of XRP coins to hold and make a compound interest by long term. Because I see in the future a good opportunity that I can't to miss in this cryptocurrency
I hope that this idea support you!!! I consider the monthly timeframe to logn term, but I'm in short in weekly and Daily as XRP has a bearish perspective to reach $0.22 cents.
VETUSDT is testing the monthly support
The price is testing the monthly level after a breakout from the daily support.
On the 4h timeframe the price lost the dynamic support inside the descending channel.
How to approach it?
The price could have a pullback until the previous daily support now new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Xrp appears primed 2 make close to 1500% gains against ethereum The XRPETH monthly chart does look like it needs to make a decision soon. To the me that decision seems like it will be a breakout upward, but of course these kind of pairs charts don’t behave anywhere close to as predictable as the usd pairs seem too so this pattern may not trigger like it usually does in traditional TA. Regardless even if it does break upward, since this is the monthly chart it may take 6 months or more to reach its target. *not financial advice*
MY THOUGHTS ON USD/CADIn my analysis of USD/CAD on the DAILY CHART, This currency pair is currently Ranging from price $1.27863 to $1.26646. On the lower time frames, price may continue to move to the area of resistance of $1.27863 and down to $1.26646. Looking at the Monthly chart price was retracing as it hit the area of resistance. Price may turn around and continue moving Bearishly to continue the Bearish trend creating a lower low. CAPITALCOM:USDCAD
Crazy price target on xrpusd rising channelOn the log chart we can see xrpusd has been in this rising channel since it’s inception. Now, if it were to revisit the top trendline again the lowest price we would reach it at would be $138. Odds are it would retest the top trendline way later than that though. I know this price seems absolutely absurd but thats what this pattern is calling for. I will have already cashed out most if not all of my xrp before any crazy price targets like these ever get reached but I do hope it reaches 3 digits one day.*not financial advice*
Still speculative Mobthly bull flag has 126k targetOk so at this moment this thing is still speculative even though it is indeed a valid bullflag in its current form…,if it doesn’t break up out of the bull flag on the next retest of the top trendline then odds are pretty good the flag will then start to grow too long get nullified as a flag. It would still be valid as a rising channel though. Anyways, let’s say we do break upward from the flag the next tIme we retest it’s top trendline. I arbitrarily placed the dotted measured move line where I think the next top trendline retest will be at, and at least from that area btc would have a breakout target of 126k. At the moment, this is a valid Chart pattern. The good news is we will know by next top trend line retestif it is or is not a bullflag. For now its valid but also “speculative”. *not financial advice*