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Shark

ETHUSDTPEthereum Price Prediction Tomorrow, Weak And Month Shark Pattern on Ethereum Ethereum (ETH) has been making banner in the cryptocurrency world with its recent surge in price attracting the attention of all traders and investors. While the market for ETH remains volatile there are some indications of that a Bearish trend may be on the horizon. In particular a potentially bullish shark pattern is developing on Ethereum with almost 4 legs confirming the pattern but D leg is not confirmed yet but we can see the D leg is developing nicely and its on the way. The shark pattern is a lesser g known chart pattern in technical analysis but one that can be quite powerful when it does occur. It is a variation of the more well known harmonic patterns such as the butterfly and the bat. Like these patterns the shark pattern is based on Fibonacci ratios and can signal a potential reversal in the price trend. In the case of Ethereum, the shark pattern is developing with almost 4 legs. If we calculate X - A for B leg is at the 0.382 Fibonacci retracement level and the C leg is precisely at the 1.13 Fibonacci extension level. The potential reversal zone for the pattern could be at the 0.886 Fibonacci retracement so potential target for the pattern expected at $1148. For Analysis visit our website
BINANCE:ETHUSDShort
by MemoCrypto
NATURALGAS: 3 White Soldiers at Bullish Shark PCZAt the start of the year Natural Gas had a potential Bullish Shark setup at the minimum .886 PCZ and it ultimately failed to pivot from there but now we are significantly lower at the 1.13/1.618 Confluence zone of this Shark and are showing Bullish Divergence on the MACD as well as a 3 White Soldiers pattern on the daily. The bullish Target for Natural Gas remains to be $4.5 but it could go as high as $9.00. As for stops i'd put it below the second candle of the 3 White Soldiers Pattern which should be below the PCZ.
NLong
by RizeSenpai
1 Trading Ideas might workThe Bearish Shark Pattern with a HUGE cross might not complete this round; instead of the Shark Patterns, it could form a Bearish Gartley Pattern. Personally, I will have my focus on the Bullish Shark Pattern that is completing at 1.188. I've a Bearish Biasness on the GBPUSD based on the higher timeframe, which means the buying trend would be a means to an end. If the Bullish Shark Pattern does form up, I will be waiting for the Bearish 5-0 Patterns. I know there is a lot of this going, I will be updating my analysis along the way. Feel free to prompt and remind me in the comment segment if I've not done so.
Long
by RaynLim
A buying and shorting opportunityA buying opportunity and shorting opportunity present on the EURUSD trade, which would you take? On the higher timeframe(right), there is a buying opportunity base on the Bullish Shark Pattern that is completing at 1.0519. Although the trade is within the Buy Zone(blue box), a retest at 1.0519 with an RSI Divergence is preferred. On the 4-hourly chart, the Bearish Flag Pattern is on the move. The way I'll trade it is to wait for a retest at 1.0666 with an RSI Divergence. Both setups are trend trading; which trade would interest you?
Long
by RaynLim
2
XRPUSDT is inside a massive descending channelXRPUSDT has been creating a daily channel, indicating a period of consolidation and uncertainty in the market. However, after a bullish impulse, the market bounced off the 0.618 Fibonacci level, which is a common level of retracement in technical analysis. This retracement suggests that buyers are still interested in entering the market and that there is strong support at this level. Furthermore, if the market is able to grab new liquidity from the 0.37$ area and break out of the descending channel, it would signal a potential shift in market sentiment from bearish to bullish. If the market were to satisfy Plancton's Rules, which is a trading strategy that involves taking a long position when a market experiences a significant price increase, it could indicate that the market is gaining momentum and that there is strong bullish pressure in the market. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
3
(W) Multiple patterns completed for NGASNGAS The symmetrical abcd pattern was completed at 2.49 and the bullish shark pattern was forged at the golden fib extension a couple of points($) below at 2.44. Both patterns suggest a bounce that could send ngas trading back to $5, which is equivalent to a move of 100% or 25k points above the current price. We have new fractal support at 1.96 - just below the 200% fib extension - the default target for the head and shoulders pattern printed above.
FX:NGASLong
by Andre_Cardoso
1
Solana Showing Signs of Life Near the PCZ of a Bullish SharkSolana after bringing us a Weekly Double MACD Bullish Divergence Below Support has managed to Spring Back into the Major Support Zone that is confluent with a 1.618 Bullish Shark and is now Preparing to Bullishly Engulf the previous weekly candle in an attempt to hook on to the zone. This can lead to us confirming the Old Support Zone as Support Again where we could then rally off the Support and take off to the Minimum Harmonic Target of $133.86 and if things are really Bullish; All Time Highs. My only worries for this coin are it's previous connections with FTX but perhaps the technicals are hinting here that the FTX impact is not as bad as I initially perceived.
BINANCE:SOLUSDLong
by RizeSenpai
1