Pattern-short
EOS - Short Opportunity - 20% ROI - Risk/Reward 2.8:1Attempt #2 to short EOS has finally presented itself.
Reasons to consider a short sell on a confirmed breakout:
Pattern complete with a defined consolidation zone
Decrease in volume with a tight squeeze
Risk to reward meet's criteria and allows multiple profit taking targets
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
XRP - Ripple Flag Continuation, at least 52% Short Profit.Hey everyone!
Another idea, hope you like it!
I spotted another Flag Continuation and tried to make it as simple as possible.
"The flag stock chart pattern forms through a rectangle. The rectangle develops from two trendlines which form the support and resistance until the price breaks out. The flag will have sloping trendlines, and the slope should move in the opposite direction to the original price movement. Once the price breaks through either the support or resistance lines, this creates the buy or sell signal."
Buy - right now is a good entry level (1.85)
Target - at least 2.7
No stop loss because it wont fall, ripple is very strong.
The arrow is at bad angle, it will be at 2.7 faster, my mistake!
Also the chart is not very refined because while I was doing this graph, it already went highly up so tried to make as fast as I could so you could have higher profit!
If you agree or dissagree comment bellow!
INVEST ONLY MONEY THAT YOU CAN AFFORD TO LOSE! I do not own magic Crypto ball that tells me where to Crypto will head! (fAt least not now)
If it gets a little attention I will update!
Thanks!
BTC make it or break it - possible head & shouldersWe have a possible Head & shoulders pattern forming on the 4h chart. We know BTC doesn't follow usual patterns, but we also know we're in a descending trend, so this time, it may surprise us.
We're currently at the 200 MA, if it breaks support and goes to 13k, prepare your wallets for a buying point.
What do you guys think?
Potential Head and Shoulders on ETPAs some have already noticed there seems to be a head & shoulders pattern forming on the 4h chart. Preparing to sell at right shoulder. Stop orders for these short trades should be placed at 0.00092-0.00094 level.
BTC - Possible Head and Shoulders Pattern FormingWe don't analyze this pair many times, but I noticed possible head and shoulders pattern forming on 4h chart. Head and shoulders is a reversal pattern that, when formed, signals the security is likely to move against the previous trend. Price just need to form right shoulder. Please keep watching for the updates.