Rounded Bottom pattern on $TLMThis is a personal short -term swing trade I'm taking for Alien Worlds awesome $TLM coin.
PATTERN_____
Rounded Bottom (RB), or possibly Cup and Handle (C&H). Parabolic Curve Theory (PCT) applies.
TECH ANALYSIS_____
4-hour timeframe chart.
I'm approaching this Rounded Bottom with PCT. Have already recognised a sub-base (follow up on my research for PCT) which I name .b1.1 and bases 1 and 2 (.b1 and .b2) already reached byr Price Action (PA).
Ichimoku is bullish on the Kumo Cloud which is broad and beneath PA. Tenkan and Kijun are bullish and with plenty space between them. T over K is bullish. Impulses will grow longer and higher as it moves from base to base.
Chikou lagging span (purple line on my setup) is far and above PA which is bullish as well.
EXPECTATIONS_____
PCT has it that from .b3 up price could double in the shortest period which is consistent to base 3 being at a 0.56 price level and close of RB at 0.93 which is roughly double.
I expect RB to develop into C&H pattern or keep moving up for a measured move equivalent to the cup's depth (360+%) over a longer period of time. We will probably see $TLM passing the dollar within a week.
THREATS_____
BTC volatility and dominance kicking in.
I'm doing...
Entry Price (EP): range between 0.416 and 0.435
SL: Manual
TP1: 0.47
TP2: 0.56
TP3: 0.65
TP4: 0.77
TP5: 0.93
DYOR and TIT
Roundedbottom
Parabolic Curve Theory idea for $PNT vs BTCUPDATE:
This is an active setup for $PNT against BTC pair.
I posted this setup a while back and this 3-day chart shows how a normal correction in price action was affected by april 13th BTC dip deepening the correction on $PNT.
This put price action outside of the Parabolic Curve structure, but did not invalidate the setup.
Significant price action is still coinciding with main fib levels. We can see an uprally marking Base 1 (.b1 on 0,236fib) of the PCT and later Base 2 (.b2 on 0,382fib) on April the 4th.
BTC dip made price action pull back and break down Base 1 again. This deviation I've boxed in the green rectangle.
I'm expecting price action to keep it's path of strong impulses and minor corrections and/or ranging although PCT should mean ranges being shorter every time it ascend another tier to the subsequent bases.
Be aware that upcoming BTC dips may alter time projections and depending on when it happens, produce new deviations out of the PCT structure. I will have to revisit and update the idea if that happens.
UPDATE: Parabolic Curve Theory idea for $LRC vs BTCThis is an updated daily chart for Loopring $LRC against BTC pair...
Setup is still in play although it was visibly affected by the BTC Dip on april 18th.
Interested to see 2 things in this case:
- Volume is pretty low and it has been since before the Rounded Bottom began to develop. Eyes generally fixate on lower cap coins at the very end of the money flow and it's the case for this 40 satoshi coin.
- Patterns to me are pretty much like a figure-shaped support. This feeling is reaffirmed with the april 18th and 19th dip stopping it's descending path to hug the parabolic curve again.
Rounded Bottom idea for $AUDIOUSDTThis is a daily chart for Audius $AUDIO.
I've traded $AUDIO plenty of times these months, always been very profitable but in this occasion made a mistake getting greedy on the April 12th breakout candle. I had scalped it twice and took profit every time it retraced and reentered after. I should´ve seen the decreasing volume on the histogram (white segmented line) coming and was left hodling the bag.
But the resulting price action moving towards the upper trendline of the flag turned out forming a RB pattern.
I expect this to range maybe for 2-3 days before actually resuming it's climb and start a parabolic move to close the cup.
I'm still in play...
More ranging expected at every highlighted FIB level.
$AUDIO should break $5USD with the completion of this move.
Parabolic Curve idea for $TRB BTC rounded bottom***This is not financial advice. I'm posting this publicly in the hopes of gathering additional insight from other PCT Parabolic Curve Theory knowledged people. It is a personal investigation on PCT to find more precise correlations to other indicators***
For transparency I am invested in $TRB against BTC as I am an active trader.
This is a Daily chart on Tellor $TRB which is shaping a rounded bottom (RB) which has already touched base. It's an RB with an projected total span of approximately 313 days and already 75% in.
Price: currently 111,900 satoshi
Estimated top: 654,000 satoshi
ETA: approx. 84 days from publishing
Profit from actual position: 488%
I'm expecting the 4 bases of PCT to roughly hit around the highlighted yellow fibs marked from .b1 to 4
I'm linking this post to original publishing of my PCT research.
Tech indicators show Kumo cloud reversal, also shaping a clear RB pattern with relative decrease in volume at the base and multiple TK crossovers.
Komodo $KMD rounded bottom ideaThis is $KMD against $BTC pair. On a zoom out to a 3-day chart what instantly caught my eye were the 2 underlying geometries. The first is a huge shaping of an RB (Rounded Bottom) with an ATH of 126,000 sats starting around the first days of January 2018. Almost 1200 days have passed since then and the current price oscillates around 6,320 sats. making it roughly a 500% drop in price. Within the structure of this shaping RB it is clear that on march 2018 another minor RB was shaped, as it did again on mid-arch 2019 and the smallest RB on the end of august 2020.
That last RB has closed and I'm now waiting to see any further development, be it a parabolic move upwards if able to break the descending upper trend line that starts on December 9th's lower low and ends where the price action is at ATM.
The depth of the RB yields almost 400% profit.
RB Patterns once closed at least go for a measured move equal to its depth.
ETH/USD in a rounded bottomHi every one
Ethereum / U.S. Dollar
The ETHUSD has formed a rounded bottom and has broken out of It's resistance line which means there is a good chance of increase in it's price but the projected price movement will not be as much as the length of the measured price movement but it will be the same amount of worth !(Both movement are 1258$! which are shown in the picture!)
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.
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 ! ! !
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
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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.