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Harmonic Patterns

ETHEREUM The Parabolic Rally to $10k has started!Ethereum (ETHUSD) is having a strong recovery rebound this week after marginally breaking below the 1W MA50 (blue trend-line) earlier. This indicates enormous buying pressure on the Bull Cycles first core Support level (the second being the 1M MA50 (red trend-line) which supported twice last Aug/Sep). In comparative terms, relative to ETH's previous Bull Cycle, we are around the October 2020 levels, which was the last consolidation before the Cycle's main Parabolic Rally started. This is also evident on the 1W RSI fractals among the two. The rally exceeded by a small margin the 1.5 Fibonacci extension and formed the Cycle Top. As a result, we expect ETH to hit at least the $10k level before this Cycle tops towards the end of the year. Technically, we should see the 1W MA50 support until the end. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ETHUSDLong
by TradingShot
GBPUSD H4 | Bullish Rise Based on the H4 chart, price could potentially make a bullish bounce off the ascending trendline, with the price currently near our buy entry level at 1.22118, which aligns with a key pullback support zone. Our take profit is set at 1.22978, targeting a significant resistance level, marking a logical exit point for the trade. The stop loss is set at 1.21520, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
XRP in Overbought Conditions: Just Be CarefulXRP in Overbought Conditions: Just Be Careful XRP is nearing the completion of a bearish harmonic pattern. I am sharing this analysis as a warning that it could potentially move down from this zone. It's a very risky assumption because the entire crypto market is focused on the Trump Inauguration. However, considering this pattern, we cannot ignore it, at least to consider taking partial profits or being cautious about any possible crash and taking further steps. It is not recommended to sell if you believe it may continue to rise, but it's better to know where the price may react. XRP found a strong resistance zone between 3.5 - 3.53. The price may test the entire zone and could also take a pause before this pattern shows bearish signs. If the bearish correction begins, it may unfold as shown in the chart. You can find more details in the chart. Thank you!
Short
by KlejdiCuni
2
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.0350 1st Support: 1.0264 1st Resistance: 1.0423 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Ethereum (ETH): Buyers Trying To Hold The Ground!Ethereum did have a nice upward movement toward the 200EMA, which was our target area for upward movement. Now, price is showing signs of weakness where we were rejected by that same EMA and price is now retesting the broken zone (where buyers try to fix it as a support zone). We are looking for a full breakdown here and once we see confirmations, we will look for a short position here, but if buyers manage to secure this zone, then ETH might head back to that upper resistance zone!!! Swallow Team
Short
by SwallowAcademy
2
This is a recent video of ETCUSD-1 of only a few cryptos nowThis is a setup involving the most important momentum indicator of all Volume and probably the number 1 ingredient that's needed for your trade to run towards a nice profit. Unfortunately where I am Australia, from here is where I do trading from, well the most important thing Volume is usually missing right through the morning session, but not always. But there did seem to be much buying during the recording of this pair and this trade went live from about 10am on Tuesday 7 January. Another wonderul indicator ftht is often overlooked with a view towards it not working, could not be further form the truth. When used correctly the MACD won't be only a trigger to buy or sell into a trade, but I use it sometimes in the current traded timeframe or the next timeframe up will allow me to steer price up or down by watching for any cross of the MACD and Signal lines. Standby
EIGHTCAP:ETCUSDLong
by Easy_Explosive_Trading
2
Head and Shoulders reversal, Bitcoin will usher in a big crash!!We have special charting tools to highlight famous Head & Shoulders reversal pattern (in yellow). I spotted this textbook pattern today and would like to share this educational post with you. It was shaped by three peaks with the highest (Head) in the middle. The Right Shoulder reached its climax right at the top of the Left Shoulder. It makes the pattern more symmetric. There is a Neckline that intersects both valleys of the Head. Its a reversal pattern and the trigger is located at the Neckline under the Right Shoulder around 91.7k. The target is measured subtracting the height of the Head from the trigger point. It was highlighted in the chart at 75k. The collapse could be painful. This might prove the old traders saying "buy rumors (Tramp promises), sell facts (reality)" for Bitcoin.
Short
by Aramis111
5
Bearish drop off 50% Fibonacci resistance?USD/CHF has reacted off the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.9136 Why we like it: There is a pullback resistance level that line sup with the 50% Fibonacci retracement. Stop loss: 0.9200 Why we like it: There is a pullback resistance level. Take profit: 0.9046 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
$LTC Litecoin Weekly partial decline confirmedLitecoin testing the highs of the range again here after a partial decline. Targets higher would start at the local 1.618 at 219, with resistance at 273, but the measured move would imply a 100% extension which would take up into about 328. If we were to make new highs here i think youll be looking at 500-700 pretty quick with the 1.618 extension reaching as high as 1500. I would not be surprised to see LTC included in the American strategic reserve, or ETF's proposed to drive price in this fashion. Youve also got the Proof of Work aspect and its relationship with Doge as a script mineable coin, and the derivatives/futures/Grayscale. Like XRP and some older coins we've been trading, i think LTC will have its day this cycle, and theres a lot of potential antagonists thatll be ready to explain where the price action came from, but thats typically after the real opportunity has passed.
Long
by TradingNomadic
1
Bitcoin is not far from crashing!Bitcoin bulls are under significant pressure today as the price tests the lower boundary of a 50-day range. Since November 21st, Bitcoin has formed a major head-and-shoulders pattern, indicating that a break below 91,281 could result in an 18% decline, bringing the price down to 74.16k. While such a drop would be significant, it seems unlikely given the broader bullish trend and strong fundamentals, though it cannot be ruled out entirely. From a trading perspective, here are a few strategies to consider: 1. Short on a Break: Short Bitcoin if it breaks below 91.28k, targeting levels around 86k or 84k instead of 74k, as buyers may step in at those lower levels. 2. Buy the Dip: Consider buying near 86k, as it serves as a support level, and traders often capitalize on sharp dips of this magnitude. 3. Buy Now with Caution: Enter a long position at the current support level, though caution is warranted as the market may attempt to run stops below 91.28k. Traders should remain vigilant, as the price action around 91.28k will likely dictate the next significant move.
THINKMARKETS:BTCUSDShort
by Aramis111
2
Stay optimistic, the price of gold will rise!Last week XAUUSD did not go lower from the Daily FVG. It only made a correction to the 23.6 fib retracement and it's in a wave 4. All of this made me adjust the wavecount and the pattern. I think it made a Triangle (wave 4) which is now finished and price made the next impulsive wave for wave 5. So if this is correct, then next week we could see a correction down and more upside. Let's see what price does and react. Trade idea: Wait for a small correction down, a change in orderflow to bullish on a lower timeframe and trade longs.
FOREXCOM:XAUUSDLong
by Ameer-Trader
1
EURCAD Falling Wedge Breakout and Support Bounce EURCAD is currently trading at 1.484, with a target price of 1.505, indicating a potential gain of over 200 pips. The analysis is based on a support and resistance strategy, highlighting a key level of support where the price has recently bounced. A falling wedge breakout has already occurred, signaling a bullish reversal pattern. This breakout suggests increased buying momentum as the price moves away from the support. The support level appears to be holding strongly, reinforcing the likelihood of upward movement. Traders are targeting the next resistance zone near 1.505 as the projected price. The setup reflects a well-defined risk-to-reward ratio, favoring long positions. Monitoring price action at key levels is crucial to confirm the trend. Overall, the pair shows strong bullish potential based on technical patterns and market dynamics.
Long
by AndrewsMarket-Mastery
1
LTCUSDT UPDATELTCUSDT is a cryptocurrency trading at $118.43. Its target price is $150.00, indicating a potential 25%+ gain. The pattern is a Bullish Pennant, a continuation pattern signaling a potential breakout. This pattern suggests a brief consolidation before a strong upward move. The Bullish Pennant is a positive signal, indicating a potential price surge. Investors are optimistic about LTCUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. The Bullish Pennant pattern typically leads to a strong upward move. LTCUSDT is poised for a potential breakout and substantial gains.
Long
by CryptoWithJames
1