Bearish divergence was formed on several charts, major resistance will be a big obstacle here. For a nice risk reward trade, you could trade this potential retest of bottom of this falling wedge pattern. A possible -40 percent down from here.
Trading the bearish Harmonic pattern; Place the sell order at point D (a 127 percent extension of the XA leg). Position the stop-loss right above an extension of 161.8 percent of the XA leg(personal preference). And place the profit target at A or lower for a more aggresive take-profit since it might indicate a trend reversal. This depends on the condition of...
Nice short setup for Ethereum The bearish Gartley follows the same guidelines, with the XA move being to the downside and the point D generating a sell signal.
Bullish: The rare Megaphone Bottom—a.k.a. Broadening Pattern—can be recognized by its successively higher highs and lower lows, which form after a downward move. The bullish pattern is confirmed when, usually on the third upswing, prices break above the prior high but fail to fall below this level again. Megaphone patterns are considered both reversal and...
After 1 Year of bear market, we can now see a possible bottom in the next coming month. ABCD correction played out, now a double bottom could give us enough power to switch the momentum! Notice we have lost over 80 % from the top by this point. I expect the price to fall below previous low and then a nice rally to the upside! So based on these indicators/price...
A big move is on its way, by looking at the price action I have noticed it has respected this descending channel upper line resistance serveral times. Also mid line is accepted as a support. Given the angle of the channel, it is more likely for it to break downwards, to 12-14k. Also seeing a rising wedge on Eth on 4h time frame, ETH could be going to 800...
Long opportunity Ethereum and crypto! A nice scenario could play out in the near future, nice position to be bullish again!?
After multiple months of strong selling .. I expect a bounce near 12,5k. You could try a swing trade here, or an option to buy on spot. Just my view, gl.
- Based on the Elliott Wave Theory we could draw this chart. - This shows a possible outcome of 5700$ per Eth. - AB TIME= CD TIME, a strong correction within this period would most likely invalidate this outcome. - Possible Bull flag scenario. Just my view on the coming weeks, do your own research;)
Potential reversal for bitcoin. Entry 58k; tp 62k. Reversal pattern short term! Please do your own research, just my view on the market. Gl.
We Have just seen a breakout from a flag pattern, target would be around 65500. Also if AB=CD time we could say this is a good entry for a short. Target for this short would be the bottom of the channel. Have a look at my previous post, it shows that we are still in a downtrend. Just my view on the market:)
Bearish butterfly target 69700-70000 might give us a good short opportunity, XA 127% fib extension show a target D. Also total marketcap crypto chart shows me bearish signal indicating the end of the wave up. It is a risky trade since we just broke recent ATH but this could still be a good chance for a short. Just my view on the market.
This rising channel/ bear flag might indicate weakness in price action. Pullback from this 63-64k is possible to around 55k, before we will eventually go higher 70k+. Breaking back inside the channel will ofcourse invalidate this pattern. Best of luck. No financial advice just my view on the market.
According to this chart, we are in a bull flag, a test of the middle line would lead into a new move upwards! Still a bit speculative, but worth a watch. Goodluck!
After we saw a bullish bat harmonic pattern play out, we saw the price go from 29k to to 53k. Now we can see a clear bounce from the middle line of the channel. I do not think this middle line of the channel will hold. Which might lead to a possible downfall to 20k. Also note that BTC dominance is forming a double bottom, which indicate multiple month of...
Are we repeating previous run? ending with a diamond top? Indicating a retrace to 37k. - Goodluck
Eth showing a good short at 3750-3790, just like previous run up it failed to find support above this line, indicating a descending channel on the daily. At first we hit resistance, broke above it, failed to maintain that level and dropped below it again.... Now a possible retest is coming our way. This gives us a good option for a short, to the mid-line of the channel.
The chart speaks for itself. Likely to bounce at this level and a rejection from the mid. line would be very likely to play out. Completing a possible H&S pattern - Target would be around 37k! - Goodluck