Get started

Pullbacktrade

SCN-W1 | Inverted Head & Shoulders Pullback Trading SetupPrice action and chart pattern trading setup > Inverted Head&Shoulders breakout and retest > Entry at the pullback position > Target at previous high zone 0.786 - 1.0 > Stop zone at the right shoulder area Indicator: > Smart money and banker chip strong volume support index 2.0 > Fundflow RSI above 50 > BBD signal above baseline 0 > KDJ stochastic on the uptrend above 70. Always trade with affordable risk and respect your stoploss
SLong
by dukeposh
BTC-DAILY- CONSOLIDATION THEN HIGHER !DAILY (D1) Price action seen over the last couple of days should be seen as constructive for further upside. Indeed, 1) the breakout of the TRIANGLE PATTERN by a long white bullish candle 2) Next candle closing above the previous closing So after, having reached an intraday high above 48'000 yesterday, @ 48234, we may see some correction, like a pullback towards, potentially the former high @ 45'850 or even lower towards the TENKAN-SEN @ 44'375; such kind of price action, if seen, should be considered, in the current market environment as a consolidation move in a new daily BULL TREND, calling for a move above the psychological 50'000 level and towards the next very important resistance area of 50'975, which is the KIJUN-SEN on the weekly basis. The breakout of the triangle pattern gives a TARGET OF 57'850 ! A FAILURE TO HOLD ABOVE THE ONGOING NEW SUPPORT TREND LINE, CURRENTLY @ 43'720 WOULD CHALLENGE THE EXPECTED BULLISH SCENARIO CALLING FOR HIGHER LEVELS ! Watch price action on both RSI and Lagging line WEEKLY (W1) Ongoing price action is showing an upside breakout attempt of the clouds; next significant resistance level , being, as mentioned previously, @ 50'975, which is the weekly KIJUN-SEN & 50% Fibonacci retracement of the 69'000-32'950 downside move. RSI @ 53.61. LAGGING LINE in support above the CLOUDS and the KIJUN-SEN As usual, monitor and watch closely price action on shorter intraday time frames which will help you to validate or invalidate the implications previously mentioned in the DAILY and WEEKLY time frames. IRONMAN8848 & Jean-Pierre Burki
BITSTAMP:BTCUSDLong
by Ironman8848
USDCAD future C-ClampI recommend anyone in a short to atleast take some profits right now as the drop in price is becoming unsustainable. Especialy if you look at the future of the ichimoku lines you can clearly see a long flat Kijun-Sen. These flat Kijun-Sen lines usualy attract price very well. Bullish candle is already forming on the daily chart and I only expect it to increase. We might even see a complete return to the range. This is a classic example of the C-Clamp pattern in ichimoku. This happens when tenkan-sen starts to move very far from kijun-sen leaving the trend unsupported and unsustainable. You can look at this as overbought or oversold. With this new technology we can see the probability of a future C-Clamp happening (pink lines). My advice is to long back into the previous range if you see more confirmation and put stop loss below previous low as that is where kijun-sen will no longer be flat.
Long
by Honestcowboy
The EOS trend has reversed, and investors are now aiming for $10EOS coin saw a reversal bounce back from the 2022 year’s low and has gained nearly 35% of its value since last week. The EOS coin is observing a retracement phase today near the 100-day moving average in terms of the daily price chart. On March 16, the EOS token showed a bullish signal by breaking above the 20-day EMA in the context of the daily price chart. So far, the crypto manages to move above the 20 and 50-EMA, but today the bears are looking aggressive near the 100-EMA (Yellow). The bulls need to push the coin price above this bullish barrier. Stoch RSI is observing flat into the overbought territory in terms of the daily price chart, where the simple RSI turned its peak to the downside, and now it is at 65-mark. Both of the RSI may impact the bullish trend. The Average Directional Index (ADX) is slowly moving up and is following an upward trendline, which indicates strength in momentum for the EOS coin. A retracement phase exists after a sharp rise, where EOS bulls should wait for this pullback to end. Buyers above the 100 EMA line will turn aggressive. Support level - $1.80 and $1.5 Resistance level - $3.0 and $5.5
by TheCoinRepublic
Opportunity in volatile markets. HindalcoIn volatile markets like current times, strong stocks display some characterstics which make them attractive to buy with low risk and high reward. When broader markets takes short upturn, these stocks break out of large bases with significant buying volume. Also, when broder markets taken short downturn, these stocks pulls back to retest the support level which was previously resistance. At this stage, small amount of money can be added and watch the trend in following days to support your hypotheses and more money can be afterwards uptrend confirmation. Hindalco is buy as per this hypothesis as explained in attached chart.
NSE:HINDALCOLong
by the_avinche
$DSKE to move higher as it recovers from pullback?* Okay earnings * Strong up trend since 2019 * Sector: Industrials - Trucking * Relative Strength vs. Sector: 13.48 * Relative Strength vs. SP500: 12.37 * U/D Ratio: 1.21 * Base Depth: 39.33% * Distance from breakout buy point: 0.34% * Volume 24.81% above its 15 day average * Created a base on base pattern * Was trading in a tight range earlier before the breakout * Then pulled back into the range and is now breaking out * The red horizontal lines indicate previous all-time-highs from 2017/18 Trade Idea: * You can enter now as the price is just breaking out of the range for the second time and it also seems like a pullback recovery. * If you're looking for a better entry you can look for a buy opportunity inside the range if it comes back in. Note: * First target should be achievable given that it's inside the recent range.
DLong
by HaseebKhan_90
3
$CHKP breaking its 15 month base! Pullback recovering.* Excellent earnings * Very strong up trend on the longer time frame * Breaking out of a 15 month base * Sector: Technology - Software - Application * Relative Strength vs. Sector: 3.81 * Relative Strength vs. SP500: 10.48 * U/D Ratio: 1.95 * Base Depth: 25.82% * Distance from breakout buy point: 1.75% * Volume 13.76% above its 15 day avg. Trade Idea: * You can enter now as the price is very close to its breakout point. * Or if you want to look for a better buy opportunity you can look to enter around the $137.47 area as that should serve as support moving forward.
NASDAQ:CHKPLong
by HaseebKhan_90
BTCUSDT is testing the previous support zoneThe price got a rejection from the supply zone as I told you on the previous analysis. On the daily timeframe, we can see a resistance exactly on 41800$. On the lower timeframe, the price is testing the previous support area. The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new Lower higher and then a new Higher low. How to approach? If the price is going to lose the 38k Zone and retest it as new support, According to Plancton's strategy , we can set a nice order. The next valid support remains 34k ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
14
BTCUSDT could have a pullback on the previous supportThe price had a very nice green candle from the 0.618 Fibonacci level on the daily timeframe and from the dynamic support. At the moment the price is testing the old resistance where the price has a supply zone. We could see a rejection until the previous weekly resistance on 40500$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
14
LUNAUSDT reclaims the weekly supportThe price had a nice bull run until 97$ on 1.13 Fibonacci level. On the daily timeframe, the price lost the 88$ support. on the 4h timeframe, the price could retest the 78$ thee weely support after a retest of the previous daily support now the new resistance around 87-89$ where the price finds the 0.618 Fibonacci level. How to approach? we will expect a retest of the daily resistance and a new rejection until 78$ weekly support. bearish short term, bullish after the bounce on 78$ According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
BTCUSDT wants to retest 40kThe price got a rejection from 45-46k zone from the weekly resistance and created a double top on in. At the moment the price is testing the last daily support on 38500 before the weekly one on 34k On the 4 timeframe, the price is trying to have a bounce on that area, so we could see a retest on 40k in the next few days –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
10
ETHUSDT wants to retest the previous support as new resistanceThe price got a rejection from the 3k area on the weekly resistance failed to have a breakout from the dynamic daily resistance. After the breakout of the daily support on 2800, the market retest the 4h support as new resistance on 2750$ Now the market is trying to hold the previous daily support. We could see a pullback until the previous 4h resistance around 2750-2800$ where the price will find the Fibonacci retracement. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
12
CROUSDT is testing the supportThe price is testing important daily support on 0.40$ where the price bounced several times in the past. On the 4h timeframe, the price is trying to create a double bottom on it, after a rejection from 0.42$ as new resistance. How to approach? We will expect a pullback until the previous support now new resistance on 0.42$ and 0.5 Fibonacci level. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
2
DOTUSDT pullback?The price got a rejection from the monthly resistance on 1.7$. If you look at the upper chart you can see how the price got rejections in the past, it means that this resistance is very strong. The price is trying to hold the 1.5$ daily support. On 4h Timeframe, the price could a pullback until the 0.5- 0.618 Fibonacci level –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
MLong
by InkyGrip
6
BTCUSDT wants a pullbackThe price is testing the Daily support on the 0.618 Fibonacci level as I told in my previous analysis. We Could see a pullback on the previous 4h support now new resistance around 43k. As you can see the 40k is a key level, if the price is going to lose it and retest as new resistance we could see a bearish impulse until the 34k How to approach? In a short term, we could see a bullish impulse until the 43k. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
ETHUSDT wants to retest the resistanceThe price got a rejection from the weekly resistance on 3050$ and lost the daily support on 2900$ as well. on the 4h timeframe, the price is testing the daily support on 2730$ where the price could get a liquidity for a new pullback on 2800$ How to approach? In the short term, we could see a pullback on the previous support now new resistance. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
TRXUSDT is going to have a pullbackThe price is testing the 4h structures after a rejection from the 4h dynamic resistance. We could see a pullback on previous support now new resistance. How to approach? If the price is going to lose the current support and retest as new resistance According to Plancton's strategy , we can set a nice order the scenario is invalidated if the price is going to have a clear breakout from the daily resistance on 0.062$ ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
$INVA to head higher after pulling back to broken resistance?* Good earnings in the recent quarters * Good up trend in the recent 2 years * High 3-month RS of 34.4 in the Healthcare sector and a RS of 4.0 against the SP500 * UD Ratio of 1.57 meaning it's under accumulation * Has been holding the earnings gap really well during this time * Trading well above the 50 day avg volume Trade Idea: * You can enter now as this is its second attempt at breaking out. * If you're looking for a better entry you can look for buying opportunities near the $18.97 area as that should continue to hold as support. Caution: * The red lines at $19.84 and $20.54 are from historic highs. We may see resistance around those price levels.
NASDAQ:INVALong
by HaseebKhan_90