After a healthy correction of around -70% (totally normal for a S coin) we have technical basis for a recovery rally A double bottom with bullish RSI divergence A down trendline break With a general altcoin rally I expect this to be trading back in the 1 dollar plus area soon enough.
#ILV doesn't have much resistance between now and WAY higher prices. Definitely can see this scenario play out If you didn't buy under $100 should you buy now? your decision ... Anyway we have a measured move that projects to $311 which I feel can be accomplished rapidly once our local high is taken out.
Filecoin is being shilled by Arthur Hayes as he likes the narraitve of decentralised blockspace I just like the chart :) I predict we see this W bottom play out for a second time Will the blowoff top be as manic ? still good gains to be had .. if Bitcoin does what we hope
On the daily chart, XAGUSD has formed a double top pattern, and the downside risk in the future is relatively large. At present, we can pay attention to the resistance near the neckline of 30.0. If the rebound is blocked at this position, we can consider selling. The target below is the support near 27.5.
CHFJPY is likely to pull back from a significant daily resistance level near the high of the year. This is supported by a double top pattern with a confirmed breakout below the neckline. I anticipate that after retesting the neckline of the double top, the market will continue to move downwards towards a rising trend line.
The Boeing Company (BA) stock has recently formed a noteworthy technical pattern that could signal a potential trend reversal. The pattern, known as a double top, occurs when a stock attempts to break through a resistance level, fails, and then tries again unsuccessfully. This often indicates that the stock may be losing upward momentum and could be poised for a...
Avax seems ready to rise. It is about to touch the support point.
Hello traders! Today, I have an idea for Gold, which has formed a pretty clear double top pattern. Here's some info on how to trade this pattern: 1) We can open a position after crossing the support line, but be careful; a retest is also possible. If we get a retest, I will open the position from the highest low. 2) Place the stop loss around $2330, according...
Dollar Index looks quite oversold after a yesterday's bearish movement. The price reached a key horizontal support and formed a double bottom pattern on that. I think that we may see a pullback today at least to 103.9 ❤️Please, support my work with like, thank you!❤️
Trade Plan Entry Level(Sell Stop): 173.655 Stop Loss Level: 174.977 Take Profit Level 1: 172.333 Take Profit Level 2: 171.011 Reasons for Bearish bias: - Double top formation - Bearish divergence - Safe entry at neckline breakout
Down Trend start, because Banknifty did not closing above previous top or resistance level and it formed Double Top. So we expect market coming down, next Target is Trendline Bottom. And also Nifty 50 did not Breakout the Channel Pattern, Trendline also Breakout, SGX or GIFT also Breakout Trendline. I want to help people to Make Profit all over the World.
BTC : 3 wedges to Monitor + Double Top On the rise : 1 Falling wedge has been detected , and it could bring the price to 72 928 $ ______________________________ On the decline : We can see on my graph a "Double top" + 2 Falling wedges Regarding the double top, the bitcoin can reach 48 000 $ minimum! About the 2 wedges : The potential targets can reach 56...
Not financial advice. NYSE:AI Scenario #1 Break white line of wedge will confirm bull side. Scenario #2 Fail to break wedge will go for a double bottom or lower. Like and follow for more ideas. Thanks.
The USD/CHF currency pair has exhibited divergence with the Dollar Index and has itself surged to the weekly block. Therefore, it is anticipated that this upward movement has been executed for dollar distribution, ultimately leading to a downward movement towards liquidity levels at the bottom. The probable target is the daily rejection block. There are liquidity...
Gold is displaying a bearish market structure The yellow metal seems to have broken out of our bullish trendline signaling A bearish change of direction happening in the near future But price might do a correction before falling any further And I'm expecting that correction to be a retest on our trendline Final conclusion is buy gold for now and sell later
NASDAQ spread between M2 supply almost reached levels we not seen since 2001. Almost like double top or sqeezed top wave5 (1.105 level of whole range as max target). Couple months may give us clue, as usually these extreme levels suppose to reached very fast if we close to real top.
Angloplat chart shows that price is in long-term decline and we are getting close the COVID low price. Price action has respected the Pitchfork and we see an area where there will be expected to be strong support, the intersection of the Pitchfork support and the horizontal support line. Before we get there we might find a turning point where the lowest price of...
AUDNZD on 4 Hrs chart shows the divergence with confirmation of double bottom. Entry at previous HH (trend break).