1. Harmonic Pattern shows a Bearish Crab (Bear)
2. Leaving the ascending channel at the bottom (Bear)
3. Forming a symmetrical triangle pointing upwards slightly (Bear)
4. Elliot (correction) wave ABCDE is at play which could become double or triple top or a head an shoulders (Bear)
5. Declining volume shows there's no big price changes coming (So for now...
On the 4 hr chart, BTC has printed a Bear Flag or (ascending bearish wedge ), and also about to run into the converging 50MA & 200MA. It is testing the bottom of our 2.5 month long, ascending recovery channel, the RSI is showing us Bearish Divergence since about April 30th. We could easily retest 8200 and step down to 7700 & 7300.
GOLD on the ascending channel: Decisive area to go long or short
This is a short-term (30M) analysis for GOLD.
*** pay attention to those instructions on the chart, and don't enter any trade if u have no confirmation candles (Two candles in 15M timeframe)
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Would appreciate if you left a like if you enjoy my idea :) NVDA in an ascending channel since the corona outbreak. Expecting this stock to keep rising in the next days, and possibly make a new high. Take profit and stop loss levels can be changed personally for risk management. This trade is just an idea from me! :) Leave feedback if you have anything to...
Hello my friends.
I want to make a quick TA on BINANCE:ICXUSDT/symbol].
Pattern: Ascending Channel
S & R: ICON sits on its support level
Inshallah we will reach all targets in less than a month.
Caution: Always do your own research.
Support my idea with pushing like button.
I hope you have profitful trades.
If you made a huge profit from this idea,...
NSE:ACC is trading in ascending channel from last 20 days. Trend is sideways to positive. ADX is showing positive cross over. RSI also showing strength.
We are recommending Buy around 1165-1170 levels with Stop loss below 1130 on closing basic with Target of 1260 in next 12-15 trading sessions.
GOOD DAY TRADERS
HERE'S AN IDEA ON THE USDCAD PAIR, PREVIOUS WEEK WAS A QUITE ONE FOR THE CANADIAN DOLLAR WITH THE NEWS AND DATA UPDATES..
EVEN THE BOUNCE BACK IN OIL PRICES HEADING INTO THE WEEKEND BRING MUCH VOLATILITY TO CAD.
> ON FRIDAY CAD PUSHED HIGHER AGAINST SOME PAIRS PROBABLY DUE TO SOME WEAK ECONOMIC UPDATES FROM CHINA, GERMANY AND THE U.S. PLUS THE...
An Intraday setup to go long
RCM has been in an upward rising channel and price has tried to break down the lower boundary. However, the last session showed there are still buyers at this level and the session ended with a bullish engulfing pattern.
I am expecting some bullishness in the short term in the new session. This bullishness could be for short term or...
EUR/USD offers a great opportunity to trade a beautiful candle showing a rejection in the upper part of the up-channel.
Short-term trend is up and it is well represented by the chart pattern that we are studying, but long term trend is not so clear, in my opinion.
Fundamentals are against EUR, recently. The setup of the moving average also slighlty prefers short...
It appears as if AUD/USD is creating a large bear flag with a small bear flag located at its beginning, as visible in the upper left corner of the bear flag. Which is known as a falcon flag to a minority of traders. Although it appears as this flag, we have currently just gotten confirmation for the second touch. This can be a valid short term sell, but you must...
When I reflected on my previous idea I think I drew the channel a bit too steeply. I now connected the low to the most recent $0.215 drop and found this more conservative ascending parallel channel.
This channel gives us a bit more time to monetize an upwards move as the volatility has reduced a little bit over the last few days.
When trading an oscillating...
I'd thought let me just continue this Bitcoin technical analyses and evaluate our steps from last saturday. One thing I already noticed is that our prognoses of the bull breakout after may 16th became valid. As you can see in this chart, yesterday BTC only suffered a few hours of decline, and then went up again.
You can see my previous idea here that I posted on...
Overall bias is still bullish, the bulls are still in the driving seat with a clear rejection off the long term descending trend. I think we may see a short-term pullback before a continuation to the downside. Price has now fallen back in to the ascending channel which was previously broken out of before the fall back into this range. I will be looking for the...