FTM Major Breakout or Rejection Incoming?!?Lets take a look at this beautiful confluence on FTM. A confluence this clean from major pivot highs do not come around often and what I can say is that the smart thing to do at these levels would be to enter a short position with stop above the wick high.
Some people might trade this as a potential breakout, with a stop loss 1% to 2% below entry while managing your position size isn't a terrible idea but the most probable outcome is for price to reject a little from here.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
Dynamicresistance
Bitcoin Fighting Point Of ControlWhen analyzing Bitcoin, we can see that we had a nice move up from the lows. After this move up, we can see on the chart that it's struggling to get past the Point Of Control. Usually when the price gets rejected from the point of control, it tends to find the Value Area Low of the range before continuing its move up of finding new lows. Since bitcoin did break out of its descending triangle, I would expect to see the price continue to move higher and test the Value Area High (Blueline above POC) before a possible retracement to either retest the Value Area Low or dynamic resistance that we just broke out of.
Every day the charts provide new information. You have to adjust or get REKT.
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Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
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NEO PRICE PREDICTION 2022 💎 NEXT TARGETSNEO is under a huge dynamic resistance. But soon it will open doors for long term holders buy round $5-$10 and hold for $100-$120.
NEO has shown that its accumulation period range from 600-900 days and after that you will be rewarded 800-900% profit.
The chart showing both short and long position trade carefully.
COST, Another clean short set up !COST is offering another clean short set up.
After proposing a beautiful and profitable Quasimodo pattern , COST reached to our first proposed take profit target ( See Related idea for details). After hitting our target , COST started a rally which is beautifully an abc form of counter trend correction . This abc form counter trend correction hit 0.618 retracement level of previous decline . Mentioned previous decline which was our short position is beautifully 12345 leg down therefore in terms of Elliott waves, every thing is it's right place to go short.
Moreover, stochastic indicator is in overbought zone in daily time frame which may be a good signal for possible trend reversal.
Please note two cluster of Fibonacci levels can be seen on the chart. COST has reacted well to first cluster which also nicely coincides with down trend line shown on the chart. This down trend line is a valid one since it has 3 rejection in it's history and yesterday hit might be the 4th rejection.
Trade set up and information were also added to the chart. Please note that besides all these bearish evidences , our proposed set up may not go well therefore I kindly ask you to set stop loss carefully . As explained on the chart, if you can tolerate more risk it may be a good idea to set stop loss higher at 565 USD. Our take profit targets show our Reward to Risk Ratio is extremely high so I think it is good to take the risk.
Good luck and wish you continuous profit.
BTC is at confluence point of four resistances !BTC is going to fight with 4 resistances simultaneously ! Is it able to win the battle? Lets follow.
As shown on the chart, resistances are :
1. Major down trend line
2. 100 days moving average
3. Minor static resistance
4. minor dynamic resistance
Order of numbers shows importance of resistances with 1 being the most and 4 the least.
Do you think BTC can break out all these resistances? We have to be open minded but I think it needs a very strong trigger (if it can find any) to be able to survive this battle.
Good luck everybody
Double Resistance Challenge!BTC Needs to close above 23k and confirm the S/R flip, then it'll MOST LIKELY pump to the 26.8k area. It broke a few resistance but it's currently at a dynamic and horizontal resistance rn. Stay patient or enter with a tight stop for a breakout trade.
Every day the charts provide new information. You have to adjust or get REKT.
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Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
EUR/USD New Short setup see my previous analysis to see the complete vision, half of which is achieved the rest of the other half price in correction only before completes fall which will continue for a period. expect the price respect the falling trend line and weekly horizontal resistance facing 0.61 fibo ,to fall again until the support that the price achieved at 1.04800
DOT somewhat bulllishDOT has done breakout of the dynamic resistance from ATH
Analysis
Breakout of dynamic resistance
Made double bottom on the trendline as retest of it.
Consolidating in range
Floored the bullish/breaker order block
Safe entry is $14
Risk entry is $16
ETH symmetrical triangleHello, our very first ETH analysis.
Analysis
Under Strong dynamic resistance from ATH
Under strong Structure resistance
Symmetrical Triangle in progress
Actions
Let's wait for the squeeze
Wherever it broke we took the trade.
Most chances are a bearish broke with a 6-7% profit.
GOLD SPOT (daily time frame) - ShortFOREXCOM:XAUUSD
There has been a strong support level since April 17, after the breakout that occurred on April 13.
Also in the meantime, we can see a near resistance/ support level
I confirmed these strong and near level by circling each testing that occurred on the level
Also EMA 10 & 20 period tends to become the dynamic resistance
Also have same view on 4hr timeframe, check it below
After the turn around on the near support, the market went bullish till the near resistance. And from there, we can see a fake bullish breakout there which i alighted with rectangle , and afterward, the market movement turn downward, towards the near support level ... c
Conclusively, I am having a sell signal on XAUUSD
Trade Setup
Call Type: Short (Sell)
Entry: 1810.00
T.p: 1750.00 (on the near-support)
S.l: 1825.00 (just above the near-resistance)
profit in pips: 60 pips
loss in pips: 15 pips
Risk-reward-ratio: 1:4
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USDHKD | Hong Kong Dollar 24 May '21 Rejection Candle USDHKD Rejection Candle formed on the Daily Chart.
Close to a breakWe can see a nice candle in the top of the dynamic channel (I show it with No.2) It`s very close to break the channel and if it happen, the next target would be 10000 USDT. With this trade vol, I think it will happen.
Clover Health Will Show A Technical Growth In Channel To $9.92After a false breakout due to a correction in the broader market, $CLOV has re-entered the falling channel it has broken out of and closed within it.
From this area, I expect growth towards the resistance zone around $9.92 to $10.00.
However, do note that this zone of resistance that we are heading for is a very strong area of resistance.
In this area, we see an intersection of:
1. Dynamic resistance created by the upper parallel line of the falling channel
2. Fibonacci resistance and Horizontal resistance
3. Former $10 SPAC price floor which acts as a very strong psychological resistance
Regardless, I expect a move towards it first. Would have to see how the market reacts to this level first before deciding on our next course of action.
This is not an investment or trading advice so please do your own due diligence!
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AAPL 4h highly probable to be bullishAAPL in Nasdaq is going to be bullish due to bullish signs in volume - RSI - ADX - MACD and other classic indicators so we just need a confirmation from crossing the dynamic resistance from the trend
QTUMUSDT Dynamic Resistance| Daily S/R| .618 Fibonacci| 200MAEvening Traders,
Second Analysis – QTUMUSDT- bearish Price Action with consecutive lower highs, a back test of Daily S/R is probable.
Points to consider,
- Bearish Price Action
- Key Dynamic Resistance (200 MA & .618 Confluence)
- Swing Low (Temporary Bottom)
- RSI Respecting Trend
- Stochastics Bearish
- Low Volume
QTUMUSDT is trading with bearish Price Action under key dynamic resistance; this allows us to have a bearish bias on the market. This area is in confluence with the .618 Fibonacci and 200 MA, adding to the probability of a resistance respect.
The swing low is a temporary bottom; price taking it out will make the Daily S/R an immediate target.
The RSI is respecting its trend line, a break will coincide with further downside on the stochastics. The stochastics are currently holding the 50 mid-point with a valid sell cross at current given time.
Volume is currently very low; an influx is probable when testing ley trade locations such as the Daily S/R.
Overall, in my opinion, QTUMUSDT is a valid short with defined risk; Price Action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
CURLF Descending Broadening Wedge| Volume Influx| Technical HighEvening Traders,
Today’s Analysis – Curaleaf Holdings, Inc. – as swing trade into technical target as US voting season approaches.
- Macro broadening wedge
- Dynamic Resistance broken
- 200 MA support
- RSI bearish divergence
- Volume influx
- Back test long
CURLF has broken bullish from its macro descending wedge, initiating the pattern with a clear technical target. The break has put in a valid higher high, first sign of a probable trend change.
The Dynamic resistance was broken with conviction; a back test will be in confluence with the 21 MA and the .618 Fibonacci.
This will allow for a risk defined long entry
The 200 MA is holding as support, price will remain bullish as long as it trades above.
The RSI has a valid bearish divergence; this indicates a correction being probable to the .618, a clear trade location with technical confluences.
There is a clear volume influx coinciding with the break of the pattern, follow through is required for continuation.
Overall, in my opinion, CURLF has validated its macro pattern; a back test is a valid long entry with defined risk. On a fundamentally scale, this sector will be approaching voting, speculators are likely to be positon themselves for macro swings.
What are your thoughts?
“Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
BTC Short Trade|Rising Wedge|Resistance Confluence|Price ActionEvening Traders,
Today’s Analysis – BTCUSD – a short trade is valid at major resistance confluence
Points to consider,
- Dynamic resistances converging
- .618 Fibonacci objective ( bearish resistance of dynamic resistance)
- Price Action in a Rising Wedge pattern
- Stochastics divergence
- Bull impulses (No follow through)
The .618 Fibonacci is the objective for this trade; price is likely to wick there for a liquidity grab as this is a clear trade location on the chart with key dynamic resistance confluence.
Price Action is currently trading in a rising wedge which has a greater probability of breaking down.
The stochastics has a valid bearish divergence, which has technically played out; this shows weakness in the market.
Furthermore all bull impulses have been sold into, another impulse above local resistance is likely to be a wick into the .618 Fibonacci area.
Overall, in my opinion, a short trade is valid at the .618 Fibonacci. The immediate trend is bearish; any rallies are to be sold into until the recent high is taken out at around $9796.5
What are your thoughts?
Thank you for following my work!
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
LIVIDITIUM Channel. Major top and bottom indicator/predictor.Look at historical levels for ATH and local highs, as well as ATL and local lows, etc.
Candle lengths and other parameters optimized for BTC, but can be adjusted for any charts.
Link to Script:
BTCUSD still on an upward trajectory.Guide band range set to = 4 on the weekly chart.
LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels.
Price needs to stay within the green band shown.
If price moves to the upper bound within the green band, it is more likely to come down.
If price move to the lower bound within the green band, it is more likely to rebound upwards.
If price breaks significantly into the upper red zone above the green band, it is very likely to get strongly rejected downwards (i.e. during the past ATHs).
For price to advance higher, the collective LVDT band levels needs to first climb higher first to provide the upward "channel" for sustainable growth.
Right now, the LVDT bands looks to be on a healthy steady growth trajectory.
Possible Price Reversal with 2 possible entries We have the following factors:
Possible H&S pattern at monthly resistance (pink horizontal line)
Daily Divergence
Daily uptrend breakout (orange diagonal)
If all the above are met we have 2 possible entries:
1. If price pullback in between 61.8 and 38.2 Fib levels (orange rectangle with red borderline) + a Good PA confirmation -Pin bar(s) or bearish engulfing candle-. This would be the top right shoulder of the H&S pattern.
2. If price breakout of the H&S Neckline and pullback to the same fib levels as above + Good PA confirmation.
*If the above are not met I wouldn't advice on taking this trade. Considering we are still on a ascending trend until market shows otherwise.
** You may search for additional entries on lower timeframes in case it confirms.
All comments are appreciated.
EUR/USD Short Setup Bearish momentum to continue even further, 20 EMA on H4 acting as a dynamic resistance for this pair. We can see it bounce off both the trend line and EMA with a pinbar rejection candlestick.
The Beast May -Possibly- Go Down
Weekly Resistance
Ascending Triangle
Triple Top
WAIT FOR..... Clear breakout of ascending triangle + Trendline + Clear PA confirmation! ....otherwise I wouldn't advice taking this trade!
Adjust the SL and TP accordingly when you get a clear entry.
All comments are welcome and appreciated
Peace!
Possible ReversalH&S pattern formation + Divergence + Daily Ressistance (orange rectangle) + Rising Wedge.
2 Possible entries (manage your risk accordingly).
- 1. @ Rising Wedge breakout
- 2. @ Pullback after breakout of rising wedge.
We can go for a quick 1:1 or 1:2, or if you are more aggressive you may trail your SL and set to BE after 1:1. Adjust your SL after entry!
I'll wait for clear PA confirmation + additional confluence -Fib, EMA, SR-, (remember H1 timeframe is more 'noisy' so be careful), otherwise I won't take this trade!
Peace
