After a short-term downtrend, we saw gold forming the three rising valleys pattern, valley after valley until the third is confirmed, what makes the confirmation is firstly the downtrend that preceded the pattern, and the uptrend that accompanied it, also, there is a dome volume shape which makes another confirmation. What does all of that mean? the answer is...
EURUSD has formed the Rectangle Top pattern, which was after bullish movements represented via an Uptrend Channel , and the Three Rising Valleys pattern, meanwhile there is a support level which we expect to hold then start gaining momentum for upward movements, what been said in the begging about rectangle top, implies that it will drop a little to the...
XRP has formed a Bump and Run Reversal pattern, which, if validated and confirmed will be a sign of bullish movements, but there are failures to that pattern that make it bearish and invalidate, I'm saying that because we're in a stage of the market where the battle between BULLs and BEARs is strongly big, so anything is expected in the scene of messy...
ETH has formed the three falling peaks pattern(Bearish), which consists of three peaks with each one lower than the previous making a downtrend, also, it has formed diamond top, which is also a bearish pattern, so the possibilities for going downside are expected. NOTE: always DYOR, be cautious to place STOP LOSSes and trade your own personality.
OCEAN has formed a rounding bottom which is a good bullish pattern, but the resistance from the last dip is prohibiting it from climbing upside it, so, bullish movements are kind of messy right now and dropping will have the upper hand. Note: always DYOR, be cautious to place stop loss and trade your own personality.
MANA has formed descending scallop and triangle in the 30-minute time frame, they are two important bearish patterns that will make SHORTING CALLs play from now. NOTE: Always DYOR, place STOPs, and trade your own personality.
In the scene of the FTX collapse, we saw bitcoin dropping hard from 20500 areas to 15500 in less than 3 days, in the next 20 days BTC traded sideways, but, there, BULL TRAPs started, BULLs tried to push it up with strong momentum, and so was been, another time it traded sideways before another UP, they succeeded to push it higher the second time. with that, we...
RUNE has formed a rising wedge, after an adam top, what is expected now is falling rapidly, the market being kicked because of FOMC Rate Decision adds possibilities to position SHORTs.
The chart describes everything, dump is expected, train yourself to read the chart not moving directly to the description or taking a position, and keep calm. NOTE: always DYOW, and be cautious to place STOP LOSSes
For more than 600 days(that's 2 years approx.), USDILS was on a huge downtrend, this is a very long time to be on the downside, so, after that we saw a little bottom that reversed the chart. In terms of the present, it formed a pennant which makes us expect upside movements. Disclaimer: always DYOW, stay cautious, and trade your own personality.
ZEC has formed a rising wedge with a pattern completed around resistance, that's a good sign for confirmation, it is trying now to rise again but expecting that to be a false break, so shorting in teh current market situation is in favor right now.
NZDUSD has formed a falling wedge within a big rising wedge, in terms of a longer time frame it will drop nicely but in terms of shorter it will continue rising for a bit because of a falling wedge, so, shorting is in favor when the falling wedge pattern got finished. NOTE: Always DYOW, and trade your own personality, don't forget to place a stop loss also.
RLC has formed a rising wedge with a triple top pattern, which is a strong indicator for a dump, when we saw a triple top pattern we could say that dropping is in favor, but when that is combined with a rising wedge then shorting the Asset is very nice. NOTE: always DYOW, be cautious to place STOP LOSSes and trade your own personality.
GALA broke down ATL(ALL-Time-Low)creating new weak supports, it is in a special case where dropping is expected in higher probability, in terms of present it has formed an inverted cup and handle which tells us that making a new low will be in play strongly. NOTE: Always DYOR, be cautious to place STOP LOSSes and trade your own personality.
NQ! has formed a falling wedge after saturated sideways movements, it is been trading for a while in a narrow sideways channel, So, with the breakout of the falling wedge being completed, up-trending will be in play.
PHB has formed a rising wedge, with the market being bearish right now, any attempt to push higher is kind off BULL TRAPs, so, it may bounce a bit and then drop nicely. NOTE: DYOW, be cautious to place STOP LOSSes and trade your own personality.
DGB has formed an ascending broadening wedge, the rest is your research!
CELO has been formed ascending scallop and a confirmation line upon 0.718, so it is usual to pull back to around that level and then fall to support level around 0.550. NOTE: DYOR, trading is about personality.