Rounded
SNDL: Will it fly again? It seems so.Hello traders and investors! Let’s see how SNDL is doing today! It has been some time since we talked about it, so we have many things to update!
First, for several months, SNDL did nothing, but now it seems it is waking up again. When it broke the resistance at $ 0.79 we had something new, and now we are in a clear bull trend with higher highs/lows.
Any pullback must be seen as an excuse to buy SNDL. Now, we are heading to its target in the daily chart :
It seems we have a rounded bottom , and some would say that this even a Cup & Handle, but this is not important. What matters is the meaning of this movement.
Right now, we have something new on SNDL, as the price is not dropping or in an accumulation anymore, and what’s even more interesting, the volume is increasing . This means that the players are excited about the stock, and technically speaking, our next target is the $ 1.75.
Let’s see if SNDL wil hit there again in the next few days. Meanwhile, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!
Thank you very much!
AMC: Be aware of these Key Points for the short/mid-term!Hello traders and investors! Let’s talk about AMC today!
In the 1h chart, we have a support level at $ 7.63 (black line), and a trendline connecting the previous tops, which is working as a resistance. If AMC is about to do anything next, regardless of if it is up or down, it must do a breakout from one of these lines.
The volume has been quite low during the last candlesticks, indicating that the next big movement will occur soon. In moments like this, the 21 ema is totally useless, and it is not a reliable support/resistance level.
Now, let’s see the daily chart for more clues:
We have what could be a huge round bottom in the daily chart, which means that we might see some rally next, up to the pattern’s target, which is around $ 20. AMC is above the 21 ema in the daily chart, which is good. Unlike in the 1h chart, where we have an annoying congestion, here the 21 ema might still work, as AMC is still trending.
But what really caught my attention is the volume . When the stock spikes, the volume increases a lot, but when is drops, it starts to diminish again, showing that the bulls are in control of the situation , and they are really moving AMC.
Either way, if AMC loses the 21 ema and the support level in the 1h chart, the next stop would be the black line at $ 5.22. But if we see any bullish pattern around here, we could see an excuse to buy, and if it breaks the purple trendline, even better.
Remember to follow me to follow me to keep in touch with my daily studies, and if you’ve read this far, you must’ve found this analysis interesting, otherwise you wouldn’t still be here, right? If that’s the case, please support this idea !
Thank you very much!
XLM/USDT can reach 4$ in long termHi every one
STELLAR / TETHERUS
XLM/USDT has formed a rounded bottom which means this instrument's projected price movement is upward and as high as the measured price movement !
note that this analysis is for long term
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
$PRO TSXV Pershimex Resources CorpPerfect rounded bottom and cup in the making.
100% + gains to be made
Naked Analysis - Chart Patterns & Price Action ---> THIS IS A NAKED CHART ANALYSIS <---
ONLY CHART PATTERNS AND PRICE ACTION ANALYSIS - NO INDICATORS
Here as you can see after the breakout of the rounded bottom - continuation pattern, the market went to retest the resistance zone, which now is support.
At the support area, bullish momentum pushes the market up in smaller timeframes and the market is now going to continue the upward trend.
* If you don't know about the Rounded Bottom pattern, you can go to my profile and find the post about this pattern, to completely understand this analysis.
HAVE WEEK & HAPPY PROFITS ! ! !
DREPBTC is testing monthly support 🦐DREPBTC is testing monthly support and it's creating a rounded bottom. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ROUNDED BOTTOMSHere we have a nice example of a ROUNDED BOTTOM pattern.
Here is a continuation pattern, but it could be a reversal pattern
if the market was trending in a downtrend before the pattern occur.
--> Very good Risk To Reward Ratio ( 1:4.5 = 450 pips).
WATCH OUT FOR THIS PATTERN BECAUSE IT OFFERS VERY GOOD MOVES ! ! !
$KEY - Double Rounded Bottom Pattern.#KEY Nice double rounded bottom pattern in the daily chart and a symmetrical triangle breakout in the weekly chart. The inner rounded bottom pattern made a higher high and on the verge of a breakout from the neckline(edge).
If it could make higher highs and higher lows it is very like that it will reach the neckline of the broader rounded bottom pattern and breakout may occur. The demand and supply zones are marked on the weekly chart.
$CFG - Daily & Weekly Chart Patterns#CFG Daily and Weekly Charts. It is creating higher lows and higher highs for a while absorbing the major supplies and forming a rounded bottom pattern. It is sitting above all the major moving averages denoting a strong uptrend is forming. The next supply zone is around 32 levels and we may see some reaction and a higher low before reaching the supply zone. We need to see how it reacts to the supply zone.
In the weekly chart, it made a breakout from a symmetrical triangle which confirms the daily chart pattern.
STMXUSDT creates two rounded bottom 🦐STMXUSDT creates two rounded bottoms and the price wants to test a daily resistance.
IF the price will break the daily resistance According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
TCTBTC is creating rounded support 🦐After a huge Bullrun, TCTBTC is creating rounded support on 4h chart.
Now the price is testing the first 4h resistance, According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.