AUDCHF - Wait For The Next Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDCHF has been overall bullish, trading within the rising wedge in blue.
Currently, AUDCHF is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #AUDCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Pattern
Bitcoin Bull-Flag Breaking OutIn my most recent BTC analysis I talked about a pending break out of a bull-flag pattern. My previous design was not the one the market agreed upon, so had to redraw the bottom support.
As expected, the price is breaking out through the top resistance as we speak. Wait for the candle to close for confirmation.
My view is quite bullish, so I'm expecting this break out to lead to a new ATH in the coming weeks.
Bitcoin's LAST Hurdle: Short-Squeezing To New Highs!Bitcoin has shown that it's ready for a new all-time high by printing relatively big green candles over the last 3 days. However, the 73k-74k area remains an area of big resistance. Previous buyers are looking for an exit, whilst patient bears wait for the perfect short.
My best guess is that Bitcoin is going to trade around the purple area for a couple of days, flushing out over-leveraged bulls and bears. However, the break out that will follow will likely be violent.
With all the short-stops lying above the current all-time high, it's more than likely that the new all-time high break out will take us multiple percentages above the current ATH. I'm personally aiming at 80k within the first 1-2 days, potentially even 90k in the first week after the break out.
Be patient and dont trade small fake-outs.
PEPE - Breakout or Fakeout ? $BINANCE:1000PEPE (1D CHART) Technical Analysis Update
PEPE is currently trading at $0.0081162 and showing overall bullish sentiment after the breakout, if this breakout hold then we have good chance a price pumping.
If this is a fakeout then the price can break the support zone and fall more.
Overall we are looking at solid breakout with potential a for a good long trade.
Entry level: $ 0.0081479
Stop Loss Level: $ 0.0074780
TakeProfit 1: $ 0.0096355
TakeProfit 2: $ 0.0119873
TakeProfit 3: $ 0.0158114
TakeProfit 4: $ 0.0210186
Max Leverage: 3x
Position Size: 1% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
MAV Bullish Channel ReversalJust like my recent CYBER analysis, MAV is trading within a bullish channel. I'm anticipating that the low is in (for now) and that the most likely path forward would be a continuation of the trend.
Target at the top of the channel or 1.25$, stop below the recent swing lows.
CYBER Bullish Channel: More Gains Expected Soon!CYBER is a relatively new token on the Binance exchange. Since it's inception, this token has been mainly going up inside this bullish channel.
After a recent touch of the bottom support, it would theoretically be a great time to step in.
Target at 22$, stop just below the recent swing lows.
GJ Rising Wedge Break!Here I have GBP/JPY on the 1 HR chart!
Price has been following what looks to be a Rising Resistance and Rising Support forming a RISING WEDGE!!
Early this morning on disappointment of GBP strength, we seen price BREAK BEARISH strongly on the pattern!!
I believe price is now retracing to the Rising Support of the Wedge to test as a VALID BREAK for confirmation that price will CONTINUE DOWN!!
*Currently waiting on the Re-Test of the Rising Support Break! Upon VALIDITY, I will be looking to SELL!
HelenP. I Gold can break trend line and continue fall to $2290Hi folks today I'm prepared for you Gold analytics. A not long time ago price little declined and then made impulse up higher than the resistance level, which coincided with the resistance zone, but soon turned around and declined below this level, making a fake breakout. Then Gold reached the 2400 resistance level again, but at once rebounded and fell to the support zone, which coincided with the 2310 support level, and then rebounded and tried to grow. Price failed and in a short time declined lower the 2310 level, breaking it and later even reaching the trend line, after which rebounded up and broke the 2310 support level one more time. The Gold made a strong impulse up, an even higher resistance level to 2450 points, but soon turned around and started to decline. In a short time price fell to the trend line, thereby breaking the 2400 level again and now it continues to trades near this line. For my mind, XAUUSD will make a small move up and then rebound down to 2290 points, thereby breaking the trend line and also the support level. If you like my analytics you may support me with your like/comment ❤️
ONE - Looking like a moon trade #ONE/USDT #Analysis
Description
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+ The price has reached the broadening wedge pattern and is currently trading within the support zone.
+ I anticipate this support holding and the price rebounding from this zone. (However, if this support fails, our trade is invalidated.)
+ I'm initiating a short position at this point and will consider adding more once the rebound is confirmed.
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VectorAlgo Trade Details
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Entry Price: 0.01983
Stop Loss: 0.01595
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Target 1: 0.02251
Target 2: 0.02560
Target 3: 0.03124
Target 4: 0.03931
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
three drives patternhello guys...
Before anything you should know I don't follow the exact fibo level and strict rules to find patterns!
Only the generalities of the subject matter to me.
rules:
- a sharp movement
- three-five drive one after the other
- the correction waves don't engulf the last correction
- always a divergence (rsi) helps
let's see some examples
BNB Massively Undervalued? $10,000 Potential!BNB has been making some extraordinary moves last cycle, where it bottomed around $4.5 and made it to $700 during the next top.
Looking at the chart, we can clearly see that BNB follows a bullish channel pattern. My assumption is that this channel will hold and that BNB will make a move towards the top of the channel.
$10,000 is possible, it's a "mere" +5,000% move from bottom to top, as opposed to last cycle's +16,000%.
Are you bullish on BNB? Share your thoughts.
🔥 Bitcoin In A Bull-Flag: Wait For Break Out!After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again.
Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish.
Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some point.
Wait for the market to show clarity. Wait for a break of either resistance of support. A new all-time high is around the corner.
Nifty 50 Reached CHANNEL Top. Wait for Breakout, which directionNifty 50 reached again "CHANNEL" Top. Wait for Breakout to confirm which direction. If Breakout above the Channel Top, it will become Very Bullish. Otherwise, it may come down.
I want to help people Make Profit all over the World. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
Refer this image :
Cup O' The Morning!! - EUHere I have EUR/USD on the 1 Hr Chart!!
Price has been traveling in a Descending Channel and after the Test of the Support @ ( 1.0800 - 1.0810 ) last night, Price made a DRASTIC return to the Resistance!!
Upon the Price Action you can see that Price is getting ready to break BULLISH of this Channel via the CUP & HANDLE pattern forming!!
Price has given us the COMPLETION of the "BOWL"
NOW with price struggling to break to NEW HIGHS, we can expect price to come down looking for SUPPORT!!
Where at??
Taking the Fibonacci Tool, we see our Targeted Fibonacci Zone being the expected "Handle" levels are ( 1.08297 - 1.08381 )
*If price is unable to BREAK HIGHER, I will be looking for BUY OPPORTUNITES AT THIS ZONE!!!
My area of Profit Target, if the Pattern remains VALID up to the point of its Full Execution, will be the 1.0900 Area
330 % PROFIT. I analyzed Triangle Pattern on (19-01-2021).I have identified and Analyzed a "Triangle Pattern" on 19-01-2021, at that Time the Price was 45 rupees. Now SUCESSFULLY Breakout Triangle Pattern and Reach the Triangle Target. Overall PROFIT 330 % within 3 years. So the Pattern is most Crucial in stock market.
I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
Refer this image : charts.fyers.in
STRONG "HEADED" REVERSAL COOKING UP?? - UCADHere I have USD/CAD on the 1 Hr Chart!!
Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP!
Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face".
A HEAD AND SHOULDERS PATTERN!!
Now with our "Neckline" @ 1.36567 being confirmed after the formation of the First Shoulder and Head, we can expect to see 1 last attempt at a HIGH!!
This HIGH I believe will be at the Same level as the First Shoulder, forming the Second, which will be CONFIRMATION OF PATTERN!! Then, upon arrival back at the Neckline, we will be looking for SELLING OPPORTUNITIES!!
**IF Price BREAKS & CLOSES ABOVE the First Shoulder @ 1.36984, Pattern is INVALIDATED!!
First Profit Target Zone will be at the SUPPORT ZONE @ ( 1.3627 - 1.3600 ) Range
🔥 Bitcoin's HUGE Cup & Handle Pattern Breaking Out!In this analysis I want to take a look at a long-term pattern that BTC has been following over the last few years. In my eyes, BTC's price action closely resembles a cup&handle pattern, which is a bullish break out pattern.
Assuming that the handle's low is in, we can place our stop right below it. Target at 150k. Be aware that the pattern has not yet been completed; wait for a new all-time high before entering a position.
Share your thoughts!
BTC - Path of least resistance and maximum painI'm not a conspiracy nut but giving room for belief in conspiracy theories, let's say the entire crypto market is a "washing machine" for various fronts. It just doesn't have any practical utility right now, that makes the world a better and safer place. The possibilities are endless but let's just say it hasn't been leveraged for any noble cause, yet. Sakamoto Natoshi would be turning in his grave should he know what his noble invention was being used for, if indeed it was a noble act from the get go.
Bottomline, it has a shade to it's existence, and as such can only be construed to serve malicious intentions of governments, authorities and the rich.
So it is always bound to opt the path of least resistance and maximum pain, as far as common folk are concerned, i.e. acting against them.
Now stepping into reality, considering common folk, retail traders and institutions who are involved in this charade.
Common folk: I meet people constantly who have never heard of bitcoin, also people who learnt about it's existence just now in 2024!
A subset of this common folk with some grasp of how world economics work and an appetite for risk want a piece of the action.
Retail Traders: I'm not sure if the term "retail traders" also encompasses the so called "whales". I'm assuming not. So let's say everyone working with a portfolio value of 1BTC or less. From this category (at least the sensible and well educated) never expected what happened in the first 3 months of 2024.
But now that we are where we are, they also want a piece of the action(including myself), knowing very well they could be too late at the scene.
Institutions: All the hedge funds and their 60+ grandpa managers who do not understand technology are also now a part of this charade, in addition to various tech companies and their CEOs, playing we know it all.
"Apparently" the whole rally is attributed to the ETF inflows from said institutions. And somehow there is this sense of unshakable faith in the air, if these institutions are already invested, BTC is bound for the moon and it can never look back again. There are preposterous articles on how any price below 70k was a buy!
Everything mentioned so far isn't an established fact! Let's now turn to tangible facts we know, our dear charts! Hoping and praying to the good lord, that this data is also not fabricated.
The 12 month candle on the left is as big as it's ever gotten. We still have 7 months left to go until the candle closes. And looking at the volume, we are at 450k on this particular exchange, compared to an average of ~2 million on previous full candle.
Assuming half a million traffic per quarter, this volume does make a lot of sense but what it doesn't correlate to, is the ETF's inflows. If anything, it should be double or triple the average based on all the news about the kind of money that's been inflowing. Very skeptical!
If I were any sensible and should I consider myself in the position of a market maker, I see a lot of paths testing and breaking supports(the beaten path), rather than price discovery(the road not taken). Because,
-who dares to buy any further?!
-retail is already late to the party, don't want that portfolio eroding
-institutions are "supposedly" already invested, who are they going to sell it too? They should be idiots to buy it all over again all the way to 100k, coz if nobody wants to buy now, who's gonna buy at 100k?!
-halving has reduced the supply, there is less supply for the next 3 quarters than the previous 12 month candles and it makes sense to buy/sell lower again than at the 100k or 130k area
On the contrary, looking at the perspective of taking bitcoin away from the common folk's reach, it does make sense to drive the price into the 6 figures. But then again, if you take it away from the common folk's reach, how is the so called "evil system", that's basically designed to prey on simple minds, supposed to work?!
I know, I know, I'm rambling! The point is, I don't see this going to the moon any time soon! And I could be completely wrong about this and may have already fallen for the trap that's set for all of us! Time will only tell.
Heartfelt thanks to anyone who's managed to reached thus far, please leave a like if you did like the read or teach me a swear word in your mother tongue down in the comments, for wasting your time! Peace!
xauusd analysis for the dayBefore the much anticipated FOMC meeting market has fallen deep down to 2376 area and we have predicted this fall two days before.
now there is a demand pressure in 2365-2370 area and if market breaches 2376 it can go upto 2420.
support area : 2365
tp ; 2383
tp : 2393
tp : 2397
tp : 2407
tp : 2420