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ATOM's TRAP Under Horizontal channelATOM, the crypto maverick, finds itself ensnared in a substantial horizontal channel, delineating clear upper and lower boundaries. Unbeknownst to many, this channel serves as a significant catalyst, propelling ATOM's price action with vigor. The strategic use of stop losses becomes the impetus for a potential surge, and the $20 mark looms on the horizon. Navigating the Horizontal Channel: Formation of Clear Boundaries: ATOM's price action has meticulously constructed well-defined upper and lower boundaries, encapsulating it within a compelling horizontal channel. This channel acts as a psychological and technical battleground for traders, setting the stage for dynamic market interactions. Trader's Dilemma: Traders often find themselves trapped in this horizontal channel, faced with the challenge of navigating within these clearly demarcated limits. The confined space intensifies market dynamics, creating an environment ripe for rapid price movements. Stop Loss Dynamics: Strategic Stop Loss Placement: Within the constraints of the horizontal channel, traders strategically place stop losses. This becomes a pivotal factor influencing accelerated upward movements as stop losses trigger in reaction to specific price levels. Catalyst for Growth: The systematic triggering of stop losses is a catalyst for swift and decisive price action. It induces a domino effect as one trader's stop loss triggers another's entry, fostering momentum and potential breakout scenarios. Anticipating the $20 Milestone: Psychological Price Point: The $20 mark stands out as a psychological barrier within the context of ATOM's horizontal channel. Breaking through this level could signal a shift in sentiment and trigger intensified buying interest. Technical Indicators: Traders should keep a close eye on technical indicators, volume trends, and momentum oscillators for confirmation of the potential breakout. Such indicators can provide valuable insights into the strength and sustainability of the anticipated surge. Conclusion: Accelerated Growth on the Horizon ATOM's confinement within the horizontal channel is not a restraint; rather, it's a catalyst for dynamic price movements. The strategic placement of stop losses within this channel sets the stage for a potential surge, with the $20 milestone serving as a significant focal point. 🚀 Horizontal Channel Dynamics | 🔄 Stop Loss Triggers | 🎯 Targeting $20 📊 Share your insights on ATOM's journey within the horizontal channel and your predictions for its impending price action! 💬📈
by Yaroslav_Krasko
Bitcoin will continue to crash to 36 600Bitcoin is really bearish at this moment. We have had a massive crash recently, and this is not looking good. My technical analysis suggests that we have completed the impulse wave (3) and are in a corrective phase wave (4). This corrective phase should end at 36 600 USDT, and then I am expecting another pump to reach 48 500 USDT. On the chart, you can see a symmetrical triangle, and the price went above it; unfortunately, it was a false breakout / fakeout. Usually, what happens after such an event is that prices reverse and go in the opposite direction. Triangles are usually marketed as wave (4) from the Elliott Wave perspective. 36,600 is a strong support because it is in the middle of the previous consolidation. Also, this is the first major swing low, right before the previous pump. There is definitely a lot of liquidity, which is a magnet for whales. Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Short
by Xanrox
3
EURUSD: Structure Based Trade Explained 🇪🇺🇺🇸 EURUSD is testing a wide daily horizontal demand area. The price is currently ranging on an hourly time frame. A bullish breakout of the resistance of the range - an hourly candle close above 1.1085 - will be your solid bullish confirmation. A bullish continuation will be anticipated at least to 1.1106 level then. If the price drops lower, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
ADSK - 16 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:ADSKLong
by TheArtOfCharting
Dollar Index (DXY): Your Trading Plan 💵 After a massive selloff, Dollar Index retraced to a key horizontal resistance. We can see that the market is currently consolidating within the underlined blue area. To short the market with a confirmation, let the price break the support of the range. 4H candle close below 102.37 will confirm the violation. A bearish continuation will be anticipated at least to 102.0 level then. Alternatively, a bullish breakout of the resistance of the range will extend the correctional movement at least to 102.86 ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
1
GIB.A - 7 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSX:GIB.ALong
by TheArtOfCharting
TXT - 5 months RECTANGLE + 18 months SYMMETRICAL TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NYSE:TXTLong
by TheArtOfCharting