USOIL || Price AnalysisUpdate:-
USOIL is losing its momentum but it looks like it will retrace back before going below 89$.
Detailed analysis is marked on the chart.
Note: This is purely based on my analysis and not a financial advise.
Pattern
DXY Reversal Based on historical pattern Hi Guys,
JUst for the Education purpose, found one interesting pattern in history which might be very worth looking at TVC:DXY charts
Lets look at this chart where i have market how DXY reversal might Play out
www.tradingview.com
This pattern i found which has similar or should i exact same character
Watch this in Hourly TF
its same pattern senario .
FEDEX Long M15 and M30 are oversold with divergence, there is a pattern on M15 and M30, There is very good support for this buy, as this is with the trend so it should go up to $270.
ADBE Short - This trade is with the daily and H4 trend
- There is a pattern on M15 and M30
- There is a lot of divergence
- This is a fast-moving pair so there is high stop loss but it should fall to the bottom (500)
📈 Litecoin's Ascending Channel: A Sign of Strength 📈Litecoin, often referred to as "digital silver," has been quietly making waves in the cryptocurrency market. A compelling technical pattern has emerged, signaling the coin's strength and potential for a sustained bullish trend. Let's explore the concept of an ascending channel and what it suggests for Litecoin.
The Ascending Channel: A Bullish Structure
An ascending channel is a technical pattern characterized by a series of higher highs and higher lows.
It represents an upward trending channel where buyers consistently enter at higher price levels.
Litecoin's Strong Position: Riding the Channel
Litecoin's price action has been remarkably consistent within this ascending channel.
The channel's boundaries serve as support and resistance levels, providing clear trading signals.
The Significance: Strength and Potential
The presence of an ascending channel is often seen as a sign of strength.
It reflects a consistent balance between buyers and sellers favoring upward momentum.
Trading Strategy: Navigating Litecoin's Channel
For traders, an ascending channel provides valuable reference points.
Consider long positions near the channel's lower boundary and take profits as the price approaches the upper boundary.
Conclusion: Litecoin's Ascending Channel
Litecoin's ability to maintain this ascending channel is a promising sign for its future performance. However, always remember that the cryptocurrency market can be volatile. Stay informed, adapt your strategy, and manage risk wisely.
As Litecoin continues to ride this bullish structure, it demonstrates the resilience and potential for growth within the crypto space. 🚀📈🌟
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Like, share, and leave your thoughts in the comments! 💚🚀💚
GBPAUD Short This trade is with the H4 trend, and it has a pattern on M15 and M30, both of those timeframes are also overbought with multiple tops and divergence, this is a very good risk-to-reward type of trade as this is expected to fall all the way to the bottom.
EURCHF Short All timeframes are overbought with a lot of divergence on H4 and H1, there is going to be a previous week's high, and will be the start of the week which most of the time means that the trade will fall. There is a pattern on H 4 and it is currently the 3rd top. tight stop loss with the 1st target being 0.9619
🔥 PEPE Falling Wedge Break Out Soon? Crazy Potential!PEPE has been losing a lot of value after the initial listing on Binance. However, there might be some good news for the bulls in the near future.
Seeing that falling wedges are bullish reversal patterns, a break out from this pattern might be the signal where bulls are waiting for in order to step back into PEPE.
With a bullish/neutral BTC, this token can fly high. The trade on the chart has a R/R ratio of 26, making it a great short-term trade with a high potential pay-off.
🔥 Arbitrum Approaching Key Resistance: Bears Are Ready!ARB has been trading inside this bearish channel for a couple of months now. I'm expecting the top resistance to hold yet again, making it a great area for a potential short entry.
Ideally, we wait for the RSI to be overbought on the daily and make an entry around the key area of 1$.
The start of a crash for COPThis is one of the biggest signs of a market crash for the stock COP. There is significant divergence on every timeframe, including a daily head and shoulders. this trade has multiple patterns the main one being on a Daily timeframe. Expecting this stock to drop to $112 with a decently tight stop loss, We have already taken this trade at $124.
🔥 WARNING: Ethereum 6-Year Rising Wedge Break Out ConfirmedAs of last week, Ethereum has broken out of a rising wedge pattern which has been formed at the start of 2017, making it the longest pattern that exists on the ETH chart in recent memory.
Seeing that rising wedges are classically bearish reversal patterns, the risk is definitely to the downside. There's a risk that ETH will see more bearish pressure over the next few months.
If BTC were to make a double bottom like last cycle, I assume that ETH will make a lower-low in the yellow area.
Personally, I'm keeping some cash on hand for this very bearish scenario. Will you? Share your thoughts in the comments.
SILVER Will Go Down! Sell!
Hello,Traders!
SILVER broke out of
The bearish flag pattern
While trading in a local
Downtrend so I will be
Expecting bearish continuation
Sell!
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Check out other forecasts below too!
TOMO. Cup is Hot. The Handle is heating.Hello friends!
I've seen your interest on my previous BINANCE:TOMOUSDT analysis and wanted to keep you updated on the lower TF.
As my account is young, I have only 7 points of reputation, I cannot add pictures to my comments. So I decided to just put this in a new post.
As I've mentioned previously, we've hit the Entrance zone at $1 and went back up to $1.07 with a big Volume. That's a Great sign! The Buyer is there.
However, for the Big upward move we need all the doubting people, thinking it's a selloff to get out. As always.
That's why I'm guessing we've entered into the +- weekly long consolidation with the lowest point of 0,87-ish within a 0.9-1.1 range . You can either trade within this range or just buy some bags at around 0.9 (Or DCA from 1.01 to 0.87) and wait for the tip of the handle at 1.62, Or wait for this figure to play out with the big gainz.
Can't wait to be able to post updates with pictures.
-A.I.Vision
🔥 The Perfect Bearish Bitcoin Trade - Learn How!In this analysis I want to talk about Bitcoin's bearish triangle pattern that has been unfolding itself over the last few weeks.
I'm not sure whether BTC still has a bullish move in it, but when it does, we are ready. As always with trading, it's a matter of > . If Bitcoin decides to move up, we will enter a short from the top resistance which has historically been quite strong.
Stop above the resistance line, target at 23.500 for a nice R/R trade. A more bearish (but riskier) bet would be to place the target at 20k.
🔥 Bitcoin Retesting Channel: FOMC Fake Out WARNING 🚨I've been fairly bearish since BTC failed to break through the top resistance of the channel a couple of weeks ago. However, BTC's price action this week seems promising at the very least, so we have to consider different outcomes at the very least.
My anticipation for the coming week is that we're going to retest the top purple resistance. We will get some decent volatility during tomorrow's FOMC, so a sudden bullish move is not ruled out.
With inflation rising again, there's little reason for markets to pump. So I will be looking for a sudden bullish move upwards during the FOMC, ideally getting above the resistance, and then reversing quickly, leading to a fake out. A perfect bearish trade would be to step in during the fake out and ride the bearish move all the way down towards 20k.
My bearish stance will chance as soon as we can get a weekly close above 30.5k. If the bulls manage to pull it off, I'll be looking at 32k and then potentially 35k. We are not there yet, though.
Interesting times ahead. Share your thoughts in the comments🙏
Is EURUSD Ready to Change the Direction?Here is my latest structure analysis for FX:EURUSD .
I'll let the market for the next move, if the market become successful breaking the support @1.07809 it may change its pattern and continue to flow bearish.
Alternative Scenarios: the market tests the support and continue to move bullish, and if this happens the market may continue to move @1.10585 and further @1.13397.
My advice: Don't trade now, wait for market to choose the direction and go with trend.
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
🔥 QNT Bearish Triangle Break Out: Great Short?QNT has been trading inside a bearish triangle pattern since September last year. With the most recent break out below the bottom support area, bears are more likely to step into a bearish bet.
I'm waiting for the price to make a new local low, a daily close below 89.9 will do the trick. We don't want to be trading a fake out!
Target at the 2022 lows.
Does history rythmes?2020-21 felt a lot like 99-00
1. Inflated valuations
2. Record high IPOs
3. Retail participation
Do we see the same cycle again?
🔥 STG: One Of The Best Trades Of The YearThis analysis is based on the idea that STG could be trading inside a bullish parallel channel. I copied the top resistance and placed it at the bottom.
This trade requires a lot of patience, but can have a massive pay-off with some luck. Looking for a move all the way up towards the top of the channel.
Candlestick-Formations: How To Spot The Patterns Like A Pro!Hello,
Welcome to this tutorial about Candlesticks and in particular the very various candlestick patterns that form in the financial markets. The charting technique under which Candlesticks operate are candlestick charts and the candlesticks firstly came up in the 18th century, till today they established as a widespread technique that many traders use for their charting. What is so amazing with these candlesticks compared to a line or point-and-figure charting is that they can determine very precisely if a market is trending, if a reversal is establishing or the momentum of price-action is slowing down. The various single candlesticks can add up to decisive candlestick-patterns that can be used for trading and trading decisions, especially with other indicators such as oscillators or channeling they can be a strong tool for today's trading principally also in modern markets where there is decent liquidity and not many gaps such as Cryptocurrency or Forex.
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Characteristics:
- In my chart, I have listed 34 contrasting cryptocurrency patterns that can be spotted in the markets. On the left side, there are 16 bearish candlestick patterns and on the right side, there are 16 bullish candlestick patterns together with the 2 candlestick patterns in the middle which have the same name regardless of direction.
- From the 17 patterns for each side are 15 possible in both directions bullish as well as bearish while there are only 2 patterns in each direction that only form in this bearish or bullish direction.
- The patterns can be divided into continuation patterns and reversal patterns. Continuation patterns can be used to make sure the established trend moves on and reversal patterns can be used to spot actual reversals to properly prepare on it.
- The patterns are functioning in the underlying timeframes similarly with the trend established in this timeframe however from a broader perspective the bigger the timeframe in which the particular pattern forms the more consistent and strong this direction is for the bigger trend. So when for example a reversal pattern forms on the weekly timeframe it is stronger than patterns forming on the daily timeframe.
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Candlestick-Patterns:
Bearish/Bullish 3 Continuations:
- A very typical continuation pattern. The first big candle sets the tone for the pattern following up with 3 minor little candlesticks with no strength in the reverse direction till a further major candlestick emerges pushing the price toward the established direction.
Bearish/Bullish Harami:
- This is a good example of a reversal pattern. The first candlestick is a candle against the trend direction followed up by a new candle in the trend direction showing still possible continuation till a final smaller candlestick with a smaller body than the previous one sets the tone for the reversal.
Bearish/Bullish Harami Cross:
- A great continuation pattern. As the first candle is a big candle setting the pattern up with strength a little cross following up with the same close and open which is showing a consolidation in this range to build up and continue with the further volatility into the established direction.
Dark Cloud Cover/Piercing Line:
- A very very strong reversal pattern. While the two trend candles still suggest that the previous trend is ongoing the next third candle is very weak as it is small and does not rally the full length of the previous candle and shows up win the ends of the previous candle signaling high weakness of the bulls or bears and setting up the determined reversal.
Engulfing Bearish Line/Engulfing Bullish Line:
- The next substantial reversal pattern. It happens in a developed up or downtrend with the last candles low forming a line, the body of the next candle is bigger than the previous however it's close or open exactly forms there where the previous candle had its low, when the next individual candles moving to continue in this reverse direction then the pattern fully confirms.
Evening Doji Start/Morning Doji Star:
- This is a very interesting reversal pattern. As one normal candle into the trend directions sets up the pattern one continued weak start Doji is formed above the top or bottom of the previous body showing exhaustion and momentum slowing down, when the next candle moves into the reverse direction the pattern and continuation are validated.
Evening Star/Morning Star:
- A great reversal pattern. The first candles close or open set up a line where the next close or open travels outside the line with the candle showing a weak breakout while the next line into the reverse direction confirms the reversal and the formation to set up further volatilities into the reverse continuation-zone.
Gravestone Doji/Dragonfly Doji:
- These candles signal the initial exhaustion of the trend with a candlestick with a long shadow and the smallest possible body with the same open and close, they can be reversal as well as continuation patterns. Either the body is in the upper range or the lower range of the shadow, this is which direction the next movements will likely go.
Separating Line Bearish/Separating Line Bullish:
- This is a strong continuation pattern. As the first candle's body with the open or close sets up a line the next candle's close or long is below or above the line which means a weakness of this next candle regardless of the direction and estimates the further continuations into the trend direction.
Evening Window Star/Morning Window Start:
- This is a good example of a reversal pattern including a gap in the structure. As the first candle moves into the established direction there comes a gap before the next candle emerges which closes outside the body of the previous candle above or below, after that following candles into the new direction validate the final reversal of the previous trend.
3 Bullish Soldiers/3 Bearish Soldiers:
- This is a very typical reversal pattern as the established trend exhausts with three small candles the momentum of this trend gets smaller and when the next candles follow up with a much bigger body into the other direction the pattern is completed and will determine the bearish or bullish continuations into the reversal direction.
Inverted Hammer:
- This is a reversal pattern that stops the previous trend and moves in the other direction. It has a high similarity with the hammer however in this case the small bodies close or open is at the same price as the low of the candle showing the exhaustion of the previous trend direction and builds the setup for the full reversal.
On-Neck Line:
- This is a pattern that shows the incoming bullish reversal of a previously established bearish trend as one first bullish candle signals the possible reversal it is followed by a bearish one still pushing downward and forming a new low till a snap-back move on finally confirming the reversal.
Shooting Star/Inverted Hammer:
- This is a pattern that determines a strong reversal as the first candles open or close forms a line, the following candles move above or below this line and then close or open is exactly on this line just outside after that the next big candle forms into the reverse direction again below or above this line and the final reversal is formed.
Long Upper Shadow/Long Lower Shadow:
- This pattern can move in the bearish or bullish direction showing up a reversal, as the price-action is exhausted in the particular direction a long shadow builds up while the body of the candlestick is very small in the previous direction weakens further and the reversal is easily established.
Tweezer Tops/Tweezer Bottoms:
- This reversal pattern can come in two variants in both it is important on where the close of the new candle lies to the previous candle or in reverse the open to the new candle, similarly with the low or high of the new candle. When these are at the same price action the reversal is determined into the new direction.
Hanging Man/Hammer:
- This pattern signals a determined reversal and in comparison to the long upper shadow/long lower shadow fills out the complete end of the shadow with the close or open at the same price level as the high.
Tri-Star:
- The Tri-Star is a pattern that shows a reversal with three candles each one with very small shadows as well as a same-close-and-same-open body, in the bearish reversal two bullish candles are followed by a third bearish and in the bullish reversal, the reciprocal determinations hold true.
Spinning Top:
- This pattern is an amazing reversal pattern with a very large shadow and the body exactly in the middle. Depending on whether the candlestick is green or red this will be the direction in which the further continuations move.
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As we can see now there are a lot of great patterns to be formed in modern markets and when done right they can be spotted and can provide the proper informational inputs for trading planning especially in combination with other technical analysis tools they can function exceptionally well and building a solid alternative for the other charting techniques, the success story tells itself as they have established well in the trading world. In trading these types of candlestick patterns it is necessary to recognize in which timeframe they form, as bigger timeframes can invalidate lower and in which trending constellation they are forming, therefore it is also good to look at previous candles and their patterns in the individual asset.
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In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best to you!
Information provided is only educational and should not be used to take action in the markets.
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🔥 Perfect Bitcoin Short Initiated: Bearish Triangle!Recently I made an analysis on BTC's bearish triangle and the short-entry I was hoping for. The original resistance that I drew (yellow) has not been hit yet, but instead the purple line has proven to be a strong resistance. Support/resistance lines, especially diagonal ones, can be fluid, so I drew the triangle again.
I'm waiting for the price to reach below 26k to make a short entry, target at 20k. This gives us a very decent short-term entry with a huge R/R of 11.5. A more risk averse trader might want to wait for the definitive bearish break out and enter below 24.9k
🔥 Bitcoin Head & Shoulders Forming? Patience For BearsAfter bouncing off the bottom support, Bitcoin seems to have regained short-term bullish momentum. In this analysis I want to discuss the potential H&S pattern that BTC is forming in the near term. My longer-term view is still bearish, but that doesn't mean we can't get a bounce here and there.
In my eyes, there is a potential for BTC to move further up. The odds are against the bulls at this point, but there's still a chance that this pattern will play out.
The 30k-31k area is going to be key. Not only because of the number, but also because it's the April'23 high. Would be a perfect bearish entry.
Do you think this pattern will play out? Share your thoughts in the comments 🙏
🔥 The Best MANA Trade You Can Make Over a month ago I made an analysis on MANA where I went in detail on this trade. Basically, this falling wedge trade has the potential to be a portfolio defining trade with a risk-reward almost 100.
As of this week, the trade has been entered. This is a long-term trade with a run-time of likely over 1 year. Patience is key with this trade.
My overall view of the market has been quite bearish recently, but that doesn't mean that we can't look for good entries like this one. Always keep your eyes open for opportunities in the market.
