Wpattern
ADA/USD idea | 01.06.2021Cardano will continue to grow.
Reasons:
1 The market follows the ascending trendline.
2 Ada has formed a W pattern that generally indicates the future growth of the market.
3 Below Cardano is a support level.
Our target is 2.462575
Good luck!
ETH is going to 4700?Descending Triangle formation by ETH price action. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
Let us see if this triangle will be bearish or bullish.
I believe its a bullish as it also is forming a W double bottom in shorter time frame, and we might see an uptrend continuation from here!
Nothing is certain, so lets wait and watch!
You can check my previous ideas and price actions predictions by referring to the link below. Most of them were correct and played out well.
HBAR / USDT - $3 Possible by June 1stThis is just a quick hopium theory, but I do think it's actually a possibility:
If we are in a logarithmic parallel uptrend, the completion of this all-time W pattern has HBAR at 3 dollars by June 1st.
Several notable predictions have had targets of 3-5 dollars for HBAR for this bull run, but could it actually get there this soon?
OMGBTC double-bottom, wedge challenge?OMGBTC recently had a near breakout from a double bottom w-pattern a few days ago (blue dotted lines).
It has since started to retrace (as is common with a double-bottom breakout), however, if it does in fact continue to break upward again, there is some interesting resistance right around the corner.
Since 2018, a descending falling wedge has been forming for OMGBTC that has forms a vertex right around the beginning of 2022. Hence there is a possibility for a rise up out from a double bottom breakout to reach up to this wedge in the short term. From there either another push back downward or a breakout can be expected, but it should be interesting which occurs with how soon is the date for the apex of the wedge.
It looks like OMGBTC might be a few weeks away from this point, but the direction change to challenge this wedge looks like it may occur in the next few days (if the trend does in fact head upward, as BTC Dominance has recently shown that BTC could also take over in this relationship soon, see my other post for details). Either way it looks to be another point to keep an eye on.
BTC/USD $65K IINCOMING ?!?!? Who's Short, Who's Long??Following up from our most recent idea, with slight adjustments to the neckline and price targets of BTC/USD right now we can see we may now be confirming the breakout. Giving us Hope for new ATH of prices around the late $64K mark before heading up for our price target over the $65K level.
Of course I will be taking profits off of the table prior to reaching out price level its self.
Trade safe, let me know what you think down below!
BTC-----Still ConsolidatingAfter BTC has finally Broken it Supply and Demand Zone. I still believe it will still break it $64,300 Zone. Although am Still bullish on BTC, still showing signs of Consolidation.
LONG on GBP-NZD # A clear break and retest
# W pattern formation
# perfect scenario if GBP picks up some steam
# Safe SL below friday's low
# SAFE TRADING
TEXTBOOK W PATTERN ON LTC... NEW ATH INCOMING!??!Here in the LTCUSD chart we can see a beautiful W pattern after today with many hours still ahead of us. So far we have been rejected at around the previous high of February 18th and as you can see from my prediction, i think that we are rejected further to slowly consolidate around the previous high of Febuary before we confirm support and head upwards and we could potentially see prices of LTC at over $300 in the coming days!! Of course we are waiting for confirmation of the what could now be support, ready for a future break towards the upside of the previous ATH do you think we can see a new all time high?!
As always taking profits prior to reaching our price target.
What's your thoughts? let me know down below!
ZRXlooks like a big shake out coming, bears have some MOMO here, I will be looking for some sweet dips to buy fam.
Feef Rinance W patternW bullish 1D pattern.
Strong bullish tendence with high highers and high lowers.
BTCUSD W PATTERN POTENTIAL BREAKOUT!! ARE YOU LONG OR SHORT?!Right Now we can see in the charts people that we have a potential breakout W pattern set-up. The W pattern usually having a bullish bias. If we do break towards the upside, as seen within my analysis that my price taget woud be around the $58200 level. of course taking chips off of the table prior to the target price. We have a lot of resistance a the 57k level so I hope to cross that level and stay above it today.
let me know your thoughts! :)
CRV/USDT - High Probability of Bullish W PatternHello traders and community, today I will tell you shortly about the situation of CRV/USDT
Trend analysis
- As you can see from the CRV/USDT daily chart, the price of CRV started moving upward for testing current resistance zone (red rectangle) and so forming bullish W pattern. Right now CRV is still in range trend between two main zones (green and red rectangle), and we as traders need to wait for a breakout to open our trade position for making profit. As a trader, I recommend to put long position up to 2,9 price level for lowering risks (possible scenario on the chart). Resistance level is situated on 2,945 price level and Support level is located near 1,704 pricel level. Overall trend of this pair stays bullish and therefore it's great opportunity for trading and investing. Always check trustworthy signals before open your trade position!
Chart pattern
- Range pattern (functioning)
- Bullish W pattern (forming)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Bull signal)
- MACD: MAs are prepared for upward movement + they get closer to each other (Bull signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is going upward to the level of MA20 (Bull signal)
= Overall bull signal movement
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Tell us about your opinion for making better decisions in trading :)
P.S.: Information provided is only educational and should not be used to take action in the market.
HZO ... W pattern on Hourly chart8 Mar 2021
I see W pattern on hourly chart
volume registered high (see below)
if price closes above 51.60 (green line on the chart ) ,
it will go up further 5.50 dollar up .. That is the height of the W pattern
Silver Weekly Cup & HandleIs this a legit cup and handle on the Weekly for silver?
If so... what happens next?
You decide.
BITCOIN TREND BREAK APPROACHING !!!!!!possible W pattern (double bottom) on 1h. wait for break with volume , retest of neck acting as support and then bounce off neckline with above average volume and LONG once we go above the breakout high.
gamblers go LONG now
goodluck
GRTUSDT ‘The graph’ long speculationRecently announced parachain with dot, more fundamental news pointing to this coin being undervalued perhaps, saw a break, retest now it looks like we are seeing rejection and we are just waiting for the consolidation. Prob in the W form previously mentioned (all these coins seem to like it). TA pointing good (although we don’t even have a 100 day moving average this is how new this coin is lol). Mid term levels noted. This is another long term coin that I will look to take partials along the way. If you wish to know any of my longer term levels on Grt or any other questions don’t hesitate to dm. This is not financial advice. Happy trading!
Ngs
BITCOIN LONG?!?!?!!?!?W pattern breakout . wait for confirmation signal.. volume supported break of neck line then volume supported retest and bounce off neckline as support + price going above the breakout level.
signals are important
gamblers can go long now! set stop losses
TRACKING BITCOIN!!side by side here. 1h and 4h.
for the risk oriented . possible double bottom can lead to huge W pattern breakout to 62K!!
on the 4h we are in an ascending broadening wedge breaks bearish 52% of the time as per thepatternsite.com
learn more at thepatternsite.com
