I can see two bullish scenarios here on the weekly chart. Either a bull pennant break or a dip to weekly demand zone and then bounce to weekly supply zone. Max sell target is $2, risk the break of $0.9. Depending on your entry you could see possibly 3:1 risk/reward.
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GBPNZD
Multi-timeframe analysis
Daily view (Structural timeframe) : It has given breakout of "Head & Shoulder" Pattern.
4 hour (Behavioral timeframe) : It has given breakout of "Rising...
After the merge, the price of ETH is rapidly going down. It's basically a free fall right now. It was clearly a sell-the-news event.
I am very bearish until we break the major trendline that you can see on the chart. There is absolutely no reason to buy ETH at this moment.
On the daily chart, we can spot a descending parallel channel that is very well...
The temporary bottom on Bitcoin is in! Now we are looking for a bullish retracement. I think we will go lower, to 3K-10K, in the next few years, but not now!
On the chart, you can see the strongest resistance on the way up. It's hard to say which one will be the reversal point.
Do you think this Bitcoin crash was natural or was it caused by some strong entity?...
Price action and chart pattern trading:
> The price during last few weeks squeezed just under EMA200D with a series of bullish candlestick pattern
> A possible ABC uptrend wave with bullish pennant pattern target +22% at TP3 1.618 fibonanci extension.
> Support @ S1 -7% and S2 -10% downside
> Risk reward ratio: 2:1
> MACD squeezed momentum under the...
So far BTC has broken out of the bull pennant and may try to target $19,100. Falling wedge breakout as well at least to $18,268. Indicators on this time frame look perfect.
So far it looks like a bull pennant is breaking out to the upside for a potential move. Oversold stochastic RSI 15min and MACD losing selling pressure.
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ADANIENT is super Bullish and it has made bullish mother baby candle on daily timeframe and in 15 min it has made bullish pennant pattern. Now wait for breakout then we could see some upside...
If Tron Breaks out of this Consolidation Pattern on the Weekly/Monthly we could see it begin an ABCD BAMM to Finish off an AB=CD Projection on the Logscale Chart that would take it up to the 2.618 Fibonacci Extension Above.
Cup and handle forming for FTT, if price breaks above the neckline price could reach targets listed from the falling wedge, cup and handle, and bull pennant. Stochastic is pushing upwards.
Not 13,000 USDT, not 12,000 USDT, but I think 10,000 USDT or 9,500 USDT can be the bottom for Bitcoin, and this is a very optimistic scenario!
As you can see, the bears yesterday successfully broke the key market structure that had held for almost 6 months.
Bitcoin is now in serious trouble, and 3,000 USDT is now at play, believe it or not. A 5-year or 10-year...
Biggest bull pennant yet, falling volume falling price just like the previous 2 times before it pumped. Each time the RSI was in an oversold position, just like it is now. Wait for a breakout and its likely price will continue higher, at least that's what we can assume.
Today I woke up and saw a massive red dildo and I have to make an update and give you an idea, so keep reading!
As you can see on the chart, the price went down pretty significantly, but is it really a problem? I don't think so.
I detected an impulse wave that was completed a few days ago, and we are retracing this wave. There is nothing wrong with that....
Big pennant bear flag formed on 1W TF. Didn't manage to break 200 EMA which is serving as resistance with the 20EMA.
Chaos ahead. Our target is around U$ 800
As stated yesterday, I am bullish on Gold. Now we have a bullish continuation pattern which will be confirmed by a break and retest of both resistance and H1 supply.
No confirmation, no trade. Wait for the setup and tick off your confirmations and use good risk management.
Good luck!
It looks like next week will be extremely bullish for Bitcon and also for the altcoins!
Price is currently moving in the ascending parallel channel, so the bulls have strong momentum.
As per my Elliott Wave analysis, the first impulse wave has been completed, and I expect another 2 impulse waves to the upside.
23 000 USD next week is definitely possible!
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