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Reaccumulationzone

CHZ Re-accumulation, next targetsCHZ is ranging since March 2021 – almost 1 year. Support at $0.20 was tested many times before it breaks and price drops at $0.16. After a couple of weeks of accumulation, price pass through $0.20 to $0.24 confirming in this way the shakeout/spring. The are some long shadow candlesticks between May and June 2021 - an indication that large traders entered the market and moved the price quick and high. Long shadows form the demand area. With the last two weeks accumulation (LTF 4H), it seems that all buying orders in the demand zone ($0.16 – 0.213) is filled. Because consolidation is forming in a long period of time, if we flip $0.80, a conservative target is at $1.50 (161.8% Fib extension) and a more optimistic at $2.36. If you go long near $0.23: Great Risk/Reward ratio: 4.58 (take profit $0.58) – 16.57(take profit $1.50) - 28.34 (take profit $2.36) Stop loss: $0.155
BINANCE:CHZUSDLong
by Rhaonnor
USDCAD MAJOR RE-ACCUMULATIONHello my fellow traders. I hope you have been having a good time with the charts I have been onto UCAD since the beginning of its markup phase and have kept you updated on my views. If am not wrong, This pair is cooking something up. Institutions are re-accumulating their orders and I might have sniffed them out. Possibly we might see a reaccumulation with a spring unfold. This provides us with more opportunities to stack our orders with the whales.. Its still too early to tell but as we wait lets see whats in store for us
Long
by hakeemb
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
Cardano it's into this accumulation zone; bullish!!!Cardano make a orrection toward the 0.618% of Fibonacci and then, we see that the trend still strenghten. In H4 timeframe, we are into this simetric triangle of accumulation of trend. So guys, we see that the trend still bullish toward the $0.21 cents. Now, we are moving toward the new impulse soon, we are into the correction #4 formed this scenario, soon se would need to see an impulse #5. So, I put a bought order limit at #0.1360 USD with a SL at $0.1231 and my target profit will be $0.2170 Good luck in this position!!!
BINANCE:ADAUSDLong
by harisonhbn9718
Updates: Ethereum is leading to the $409 USD!!!in H1 timeframe in short-term we could see a possible movement unitl the $409 USD, but that zone above of $400 USD it's would did an Ethereum so volatil. As Ethereum is into this simetric triangle flag in H1 timeframe, we continue in favor of the bullish trend!!! That is a re-accumulation zone that buyers are buy a Ethereum!!!'' IN H4 timeframe we see that Ethereum is so bullsih. And also to recall I change my seeing of my targets profit, becuase I updated in weekly zones and I see taht we're in the strong demand. As reference, if you check the special analysis, you could to follow my own strategy on Ethereum. In Daily we see so clearly the trend and the zones that was updated. But, my own take profit will be $445 USD, becuase that is my exact zone that Ethereum is into this supply and demand strategy!!! And also guys, I add my second trade on Ethereum in buy at $373 USD. My previusly bought was in the $372 USD, that is my own strategy that I add because I see that Ethereum is into this re-accumulatio zone!!! So, in summary I have 1.70 Lots in ETH invested, that mean 0.85 lots investrd in each trade, in that case is 2 trades.
COINBASE:ETHUSDLong
by harisonhbn9718