Get started

W-patterns

NANOUSD In A Bull Trend - Elliott wave analysisHello traders, NANO is in a five-wave rise, up from March suggesting that bigger trend is bullish, and that further upside may be seen once a bigger a-b-c correction develops. Currently we see price unfolding a higher degree wave v, which can look for resistance and slow down into a three-wave correction at the Fib. ratio of 0.618 and at the upper Elliott wave channel line (1.436/1.50 region). Once we see a sharp drop from the mentioned resistance zone, and through the middle Elliott wave channel line, that is when a temporary top can be in place, and wave a of a three-wave correction underway. Trade well!
N
by ew-forecast
BTC Fueling Up For Journey To 28K???Here on my weekly chart we have a couple of interesting trend lines. First we have a MASSIVE triangle pattern which dates back to July 2017 continuing to coil up currently. Things to consider is that we have not had a new macro higher high in about 2 and a half years, so that being said we COULD still be in a down trend facing resistance ready to plunge currently. HOWEVER! the fact that we hammered up so fast toward our horizontal resistance as well as the very top of our triangle resistance without getting a violent rejection makes me think the price is currently tapping away as resistance getting ready to smash through. The measured move (height of triangle) would give us a price target of about 27-28k usd. On top of that if we break out of my top resistance triangle line it looks like we will also be breaking above my purple horizontal resistance setting a long awaited higher high. In my opinion this pattern is NOT valid until we see a confirmed breakout but I have been following all white weekly trend lines very closely since March and they've been playing out exactly as expected. EVEN THE COVID DUMP TESTED MY TRIANGLE PERFECTLY! I assumed after we broke my first line there that we could coil up between my trend lines before a proper breakout. Even with a candle close above my triangle pattern we could hug the resistance as what I would hope to be a flip to support for some time before actually blasting off. Triangles are my favorite patterns to play so this one makes me excited to watch play out in what could be the not too distance future. With the breakout of a triangle pattern as well as setting a new macro higher high we could really see fomo kick into gear with the start of a proper new bull market cycle which COULD send prices much higher, but 28k is more of a realistic target to shoot for I figure with the measured move :) Of course this isn't an over night type of trade, this is my weekly chart so it would take time to play out IF it does.
BITSTAMP:BTCUSDLong
by StuTubeTrading
4
Thank You GoPro For The 111% ❤ (GPRO)Today is the day I am taking profit on gopro, it was a nice 2+ Month swing trade and I'm very happy with the results! 💰💰💰💰💰💰💰💰💰 We are now getting into some severe Resistance levels and this thing has just been running up like no other! We are now at the top of the downward parallel channel on the larger timeframes. If it could push above would I get interested again? Maybe. I'm in the rebuilding process of new positions for my portfolio as everything in the stock market that I have held is now coming to a close. Most likely just going to roll this over to the cryptocurrency market. I got my eyes on some very important positions that I want in crypto. Thank you gopro, do yo thang! Love you!!! ❤❤❤ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:GPRO
by UnknownUnicorn2319099
3
Short Term Sell, then short term buyHello guys, This is what I see happening with XRP right now. Anything can happen and we will adapt to what the market is telling us. The first white rectangle is our first buy zone. Price can come down and bounce around .1856 --- It can, however, come down to the second rectangle and create that double bottom. To move to the upside targeting the top of the pattern and potentially to a higher zone. We will watch how the market reacts. Pattern identification and price action are key in these zones.
BITFINEX:XRPUSDShort
by Tashiflows
1
AUDJPY setting up nicely for a SELL 🎿HTFs - From daily down to 1H, price has been corrective for weeks and has formed an ascending expanding formation. Weeks prior, there was heavy bearish momentum which is clear when zooming to higher time frames | LTFs - Internal structure is clean with a middle section showing wave behaviour. Clue is the ascending channel at the end of the structure with the 123 formation ENTRY - One my favourite pairs to trade. Have been waiting patiently for this to reach an area of value which will be once the high is broken and price begins to show deceleration and a rejection at outer structure. Otherwise will be waiting for the market to show signs of reversing. If none of the above then no trade for me
Short
by Black_Magic_Capital