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Reaccumulation

DOT Re-accumulation PhaseDOT may have another re-accumulation phase potentially playing out, similar to the one from mid to late January. Looks like DOT also had a S/R flip where it came to retest the 37-38$ area and got rejected As long as the market continues trending upwards and sentiment is still bullish, we might see higher levels. Also with IPOs (Initial Parachain Offerings) being rolled out soon, DOT has still got some upside in store Plus Gavin Wood CTO and cofounder of Ethereum, guy knows a thing or two about blockchain tech and how to stay ahead of the curve. DOT flips ETH price in 2023, just kidding, or am I?
Long
by TrippyA
XRP Short Term Reaccumulation Period Likely Happening So, as we are finally in an orbit with our XRP rocket, we might could expect some reaccumulation happening before continuing our journey to the moon. The pattern that has formed as we broken through our blue resistence line (now support), tels me that we could repeat Nov- Dec 2020 price action, minus the dramatic price fall of course. We have to understand that XRP price would already be between $1 - $2 area if sec lawsuit wouldn't happen in Dec, nevertheless here we are waiting for the tears of joy to come. No one knows how long this reaccumulation period could take, but a think it will happen quicker than it did in dec. as we've already broken through a 2year old resistence line (blue) The reaccumulation pattern could happen differently than it is shown on the graph, as there are many new people in the space than there was in 4-5 months ago. Whatever it happens i still think that this blue support line will get backtested, but don't take my word for it. I am not a financial advisor so and nothing here should be taken as a financial advise. Stay safe with your investments. BITSTAMP:XRPUSD
BITSTAMP:XRPUSD
by AVA37
PLTR In Reaccumulation - Suggesting targets of 60-80$.Most information is present on the chart here. PLTRs long term existence, unique technological products and customer base of high-profile Us Government Agencies all add up to a Value deeply beyond $22. Its revenue stream has grown over 45% in year 2020, with predictions for the same again in 2021 as PLTR has begun to open its doors to a wider base of customers worldwide. Even its earnings are suppressed by large amounts of stock compensation payouts in the company after the IPO - this alone has set the company in the Red for 2020, but creates an even bigger earnings springboard for late 2021. All in summary - The long term growth potential for this stock is hefty, even from here. Do not buy options. Do not take CFDs. Just buy and Hold till 2023-2025. It will pay off.
PLong
by richwn1989
GBPAUD - Institutional BuyOANDA:GBPAUD Trade Idea - 💡 On the 4h, a distribution schematic began to form in the 4hr BTS POI which was targetted for the original buys. Over the course of the schematic played out until Friday until price rallied to create a new high, this was the first confirmation that we may be seeing a reaccumulation which would tally well with the higher timeframe bias of an accumulation schematic. An entry off of the open to the next 4h BTS would fulfil to 50% retracement of the daily range accumulation as well as confirm external bullish structure on the 4h timeframe Let me know your thoughts?
Long
by digital_dwight
1
Goofed by what I thought was distributionSo.. PLANS CHANGED! Took some time to see on the sidelines how price would decide to play. Seems like we've been trending bullish with strong inst. order flow, so as of right now and the way the higher TFs are looking -Daily shows great strength, as well as a BOS; this could be the impulse to begin our bullish move, after many days of bearishness (for the retracement)-. Now, I'm seeing re-accumulation. Price begins to trickle its way bullish after a retracement on both 4HR and D (Jan 14-17th), which to me, seems like the standard push-up-pullback bullish scenario you'd see in clean price action. GBPUSD RE-ACCUMULATION ON 4HR GBPUSD BULLISH BOS ON DAILY With DXY showing signs of bearishness on higher TFs, as well as taking into account future events like stimulus cheques being handed out; value on the DXY is sure to nudge lower with all that money being printed -just my hunch, lol-.
by JaquiQuill
BTC Price Action Analysis - Wyckoff Cycle UpdateHello, traders! 10 days ago we did analysis on BTC about Wyckoff Cycle scenario and now we are going to give an update. Now we can see that the price formed triple secondary test after the trading range defining. At this phase the descending triangle pattern was formed and broken through. After that it reached the R2 pivot level of $37000. This is a very strong resistance, as a result we can see the price pullback to the triangle's upper band and attempt to re-enter, but there was a rejection. There is a potential price range between R1 pivot ($32800) and R2 pivot ($37000). During the current phase of the reaccumulation cycle it is high probability of the shakeouts in this range. But here we should be careful about the possible spring scenario. It is the fake breakdown of the trading range support. After that the bulls become to dominate on the market and the price can grow to the resistance line and form sign of strength pattern before the growth continuation. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
4