The potential bear pattern on BTC daily
Might look like its a lot going on on this chart, let me explain! I have drawn all my S&R levels (blue lines) and also found a triangle pattern (green lines). A good thing to do while trading is to look for CONFLUENCE. Therefore you can see when the FIB RETRACEMENT has been drawn on, we have CONFLUENCE at the bottom green trendline that lines up perfectly with...
Previous inverse head and shoulders pattern that played pout nicely. CRO now has a bull flag. I am waiting for the close to buy, see green parallel line as the target. Approximately 6%. Bullish news came out today as well, that CRO has launched and DEFI Exchange based on Uniswap.
This could either be a bullish pennant or a falling wedge - whichever it is - it shows bullish momentum because the price is currently outside the pattern. It broke out of the upper trendline. We want a CLOSE above the upper trendline before considering entering.
Chainlink has been performing very well lately. We got a nice pullback from the previous highs. I see this parallel channel playing out very nicely, the bottom trendline has previously acted as resistance as well. Going LONG if price breaks ABOVE this pattern.
EGLD broke out of this double bottom on the 3H. Even closing above my weekly resistance line. You can also see strong buy pressure because it is a big bullish candle with a small wick to the upside (comparing to the candle) that closed above the 20MA. Wait for a retest - never run into these trade, wait for an opportunity to enter.
So Curve had a previous ADAM & EVE pattern that failed. I have been waiting to see what the next move will be. As you can see - price broke out of my yellow trendline - BUT, is now moving sideways. I just draw this potential bearish pennant on the chart. Price is at the apex of the pennant so we should see a break soon, either up or down. MACD seems to be wanting...
*NOT FINANCIAL ADVICE* On this chart, we have a bullish and bearish scenario. A breakout of the descending triangle, with a MACD crossing up and above the ZERO line, would for me be bullish. If price fails to break out of the pattern, I have the RSI that would confirm my hidden bearish divergence. This is how trading works, it is a WAITING game - never force a...
Price has closed above the weekly 200 moving average, currently finding resistance at the upper resistance trendline. I am waiting for a break of the falling wedge and will then enter LONG.
Seeing a falling broadening wedge on the 3H timeframe. Price bounced from the bottom support trendline. Here you could do an aggressive buy or wait for the breakout of the pattern to be more conservative. MACD looks like it is about to cross to the upside.
Please read the chart for full analysis
Looking att Kusama, I see a breakout from a rising wedge which indicates bullish momentum. It now looks like a retest might occurring of the upper trendline that price broke out of and is now acting as support. I am keeping my eye on this trade, if a retest occur I will issue a LONG position. If the price breaks back inside the pattern I will look for a bounce of...
So LSK/BTC has now got a breakout of the symmetrical triangle pattern, price is now retesting that trendline as support. What I also see is that the moving averages are all aligned - moving up. Price has also closed above my monthly resistance (pink line) which is bullish. If you use the MACD, you can see that is has crossed - which also indicates bullish...
ALERT SET AT WEEKLY OVERHEAD RESISTANCE 0.020374 USDT
I am waiting for the retracement to the 13 or 18 ma, potentially even the 50 ma. Gold has broken its ATH. Looking very good at the moment, it's in an obvious uptrend (advancing stage). As long as its trending up I will remain bullish. As soon as we see a ranging market - the 200 ma will go flat and the price will whip back and forth. Then we will know we have...
ANT closed above trendline resistance (orange) and is now retesting. I did an aggressive buy and got in at 6.1087 usdt. Put my SL at 5.7180 based on the 6H timeframe. Potential profit is ATH - the reason for this is because ANT doesn't have any overhead resistance. Looking at the 6H timeframe, there is a weak resistance at 8.0705 usdt - which would result in a...
ALGO is giving a lot of bullish bias at the moment. The market structure shows an uptrend, you have a clear double bottom and a bull flag. I am looking for a breakout of the bull flag and then enter AFTER a close above the daily (blue) overhead resistance. I have set an alert there as well. I am looking at LAGO as a swing trade and the potential target is 1.44...
Continuation of the trend, we got a nice pullback on REP. New entry and new targets.