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NEO/USDT: Ranging into the lower flat channel BINANCE:NEOUSDT BINANCE:NEOUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $NEO is still moving into a ranged zone within $6.8 - $6.0; Based on the range formed here, I want to take a SHORT right below the current resistance zone take partial profits along the down till $5.5. Stop-Loss should be located a bit higher above the local high at $6.785 to avoid the possible deviation and stop-hunts above it... I'll trail my stop-loss once it reaches the Target1. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
2
DASH/USDT : Formed a tweezer topBINANCE:DASHUSDTPERP BINANCE:DASHUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $DASH has formed a tweezer top here (Not a complete one) and there're two highs to look for... I'll set a SHORT here with targets located on the each low and the last one acts as a EQ lows (Equal Lows). You can set stop-loss on the current high or the higher one at $50.60! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
1
VET/USDT : Buy setup | 26 RR | Breakout of symmetrical triangleBINANCE:VETUSDT Hello everyone 😃 VET is has formed a symmetrical triangle and now it's trying to break the higher line. It could be good to have a bag of it if breakout confirms with a candle close above triangle ! Also Volatility is being bullish and it's have a bullish crossover already... 📌 Have to mention that this coin is formed a bullish crossover on higher timeframes 😉 Don't miss it ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
26
XRP/BTC : Possible 630% bounce after breakout BINANCE:XRPBTC Hello everyone 😃 As you can see XRP has reached the trendline and now it's facing resistance zone there ! Volatility was in over sell zone limit and now it's trying to get out of it.. If XRP manage to break both of them ( bearish trendline and resistance zone ) then volatility will be back in bullish phase. After 735 days of accumulation in over sell zone; It will fly to spend some of it's time on over buy limit probably.. Also MA100 and support zone are below movement now and so; They are so near to it ! So any they can lead the pair above resistance. 📌 Based on volatility; After breakout, XRP will have enough space to retest it's last ATH on BTC pair. Hope you enjoyed our analysis about XRP's possible rally🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
45
ONE/USDT : Buy setup | RR 9.5 | Breakout from descending channelBINANCE:ONEUSDT Hello everyone 😃 ONE had a breakout from it's descending channel and now MA200 is trying to reject the price. There is a possible retest on Channel's higher or support zone; It could be good to take a bag of it at retest point.. 📌 BTC is moving below resistance line and bearish trendline now ! So, Be very careful with altcoin trading in the next couple of days. Altcoins are highly affected by Bitcoin, even 3% downward move causes 10% dump on some alts. Moreover, $BTC just pumped without any correction from $47k to $55k (+17% pump), so If you have any position in profit, make sure you moved stop loss at break even. Unless BTC.D breaks the 50% support level in Daily TF ! 🔴 MACD is being bearish;10% correction in short-term is expected ! Hope you enjoyed our analysis about ONE's buy setup🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
35
BZRX/USDT : Targeting next major resistance after a retest... BINANCE:BZRXUSDT Hello everyone 😃 BZRX had a pullback from it's broken bearish trendline. Now there are two located zones. - Heavy support zone which is acted as a great reversal point.. - new resistance zone which formed cause of recent rejections on daily candles.. MA 50 has reached movement and it was control movement as a support ! Also there is a bullish trendline which has approached movement already. 📌 Bullish factors are winning in this scenario but the last thing is BTC. 🔴 60K is an important resistance for BTC; Any minor rejection can change the market's direction for couple of months !! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BLong
by Helical_Trades
9
ETH/USDT : Buy setup | RR 7.8 | Breakout from bearish trendline BINANCE:ETHUSDT Hello everyone 😃 ETH has formed a double bottom in low timeframe and now it's trying to break the bearish trendline. MACD is being Bullish and BTC starts to recover after filling lower GAP. By the way it's not recommended to take any position with high leverage ! 🔴 Don't take any position before breakout ! Use 1X - 3X maximum. 📌 We are currently into a no trade zone level; So Watch for your risk management.. DYOR !! Use trailing Stop-loss. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
13
XEM/USDT : Below resistance zone BINANCE:XEMUSDT Hello everyone 😃 XEM has been rejected from resistance zone. Now it's trying to break it again but it's not strong enough now.. There will be another rejection to 0.35$ and 0.31$ supports as sharp bearish trendline is approaching movement ! Also MA 100 is going to have a bearish crossover with MA 200 and both of them are above movement.. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
XShort
by Helical_Trades
7
TOTAL MC : Bearish divergence on daily timeframe CRYPTOCAP:TOTAL Hello everyone 😃 Crypto TOTAL market cap had failed divergence on daily timeframe recently. Now it's forming another divergence on daily timeframe ! These multiple divergences will lead the market for a mid-term correction ( not major correction ) Also we are passing pivot point based on FIBBO time-zone... I expect a continuation of mid-term correction till 14th May. By the way there is a support zone which can hold TOTAL's movement and make a reversal point. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
CRYPTOCAP:TOTALShort
by Helical_Trades
26
XRP/USDT : Not a good time to buy BINANCE:XRPUSDT Hello everyone 😃 XRP is moving below a bearish trendline, How ever it's seems like a pennant. Also Indicators are overheated on high timeframes. It's not recommended to take long position for XRP right now. By the way, MA 50 has reached movement and it's trying to support movement ! So it will cause a retest on bearish trendline and then major target will be next support zone around 1.5$... 🔴 Any 4H closes above bearish trendline will change direction ! BTC is at support line, so we might see a little bullish recovery on market after current dive. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BITFINEX:XRPUSDShort
by Helical_Trades
43
All candlestick patterns for Trading : Bullish reversal patternsHello everyone 😃 In this article we present Most useful bullish reversal patterns of candlesticks and How to trade with them. ( Sorry for my irregular chart 🤦‍♂️ I'm not good in drawing 😁 ) 📊 What is Candlestick charts ? Candlestick charts are a type of financial chart for tracking the movement of securities. They have their origins in the centuries-old Japanese rice trade and have made their way into modern day price charting. Some investors find them more visually appealing than the standard bar charts and the price actions easier to interpret. Candlesticks are so named because the rectangular shape and lines on either end resemble a candle with wicks. Each candlestick usually represents one day’s worth of price data about a stock. Over time, the candlesticks group into recognizable patterns that investors can use to make buying and selling decisions. 📍 Bullish reversal Candlestick Patterns : Over time, groups of daily candlesticks fall into recognizable patterns with descriptive names like three white soldiers, dark cloud cover, hammer, morning star, and abandoned baby, to name just a few. Patterns form over a period of one to four weeks and are a source of valuable insight into a stock’s future price action. Before we delve into individual bullish candlestick patterns, note the following two principles: 1- Bullish reversal patterns should form within a downtrend. Otherwise, it’s not a bullish pattern, but a continuation pattern. 2- Most bullish reversal patterns require bullish confirmation. In other words, they must be followed by an upside price move which can come as a long hollow candlestick or a gap up and be accompanied by high trading volume. This confirmation should be observed within three days of the pattern. 📌 The bullish reversal patterns can further be confirmed through other means of traditional technical analysis—like trend lines, momentum, oscillators, or volume indicators—to reaffirm buying pressure. There are a great many candlestick patterns that indicate an opportunity to buy. We will focus on five bullish candlestick patterns that give the strongest reversal signal. 🈺 Now let's talk about patterns that we provided on chart.. ! - Hammer : Hammers have a small real body and a long lower shadow. 📚 The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open. - Inverted hammer : The Inverted Hammer formation is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow which should be at least twice the length of the real body. 📚 The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential bullish reversal pattern. - Dragonfly DOJI : The open, high, and close prices match each other, and the low of the period is significantly lower than the former three. This creates a "T" shape. 📚 A dragonfly DOJI after a price decline warns the price may rise. If the next candle rises that provides confirmation. - Bullish kicker : This pattern is characterized by a sharp reversal in price over the span of two candlesticks. 📚 Traders use kicker patterns to determine which group of market participants is in control of the direction. - Bullish spinning top : A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. 📚 Spinning tops are a sign of indecision in the asset; the long upper and lower shadows indicate there wasn't a meaningful change in price between the open and close. - Bullish engulfing : This pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle. 📚 Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks. - Bullish harami : It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days. 📚 A bullish harami is a candlestick chart indicator for reversal in a bear price movement. - Tweezers bottom : A tweezers bottom occurs when two candles, back to back, occur with very similar lows. 📚 Tweezers are more meaningful as part of other trends, especially pullbacks. - Morning star : A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick. 📚 The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend. - Morning DOJI star : A Morning Doji Star consists of a long bearish candle, followed by a Doji that has gapped below it, then a third bearish candle that closes well within the body of the first candle and in doing so confirming the reversal. It is considered a strong bullish price reversal candlestick pattern. 📚 It is considered as a signal of a potential upcoming reversal of the current trend of the market. - Bullish abandoned baby : It forms in a downtrend and is composed of three price bars. The first is a large down candle, followed by a doji candle that gaps below the first candle. The next candle opens higher than the doji and moves aggressively to the upside. 📚 This pattern signals the potential end of a downtrend and the start of a price move higher. - Three white soldiers : The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high. 📚 Three white soldiers are considered a reliable reversal pattern when confirmed by other technical indicators like the relative strength index (RSI). 📌 These candlesticks should not have very long shadows and ideally open within the real body of the preceding candle in the pattern. - Three line strike : The bullish formation is composed of a big green candle, 3 up candles, and one down candle erasing the advance made by the prior 3 candles. 📚 After prices trend in a particular direction, they will pause before refreshing higher. This is seen as a continuation pattern and is different from a pattern that would signal a reversal. - Three inside up : The three inside up pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle. 📚 Consider using these patterns within the context of an overall trend. For example, use the three inside up during a pullback in an overall uptrend. 📌 These patterns are short-term in nature, and may not always result in a significant or even minor trend change. - Three outside up : The three outside up and three outside down patterns are characterized by one candlestick immediately followed by two candlesticks of opposite shading. 📚 Three outside up/down are patterns of three candlesticks that often signal a reversal in trend. 📌 Each tries to leverage market psychology in order to read near-term changes in sentiment. - Three stars in the south : It is formed by three black or red (down) candles of decreasing size following a price decline. 📚 The pattern indicates a bullish reversal, although the price should ultimately move in the expected direction before taking a trade. This is called confirmation. 📌 The three stars in the south candlestick pattern is a very rare pattern that doesn't typically precede large price moves. - Bullish stick sandwich pattern : One candlestick pattern is the stick sandwich because it resembles a sandwich when plotted on a price chart - they will have the middle candlestick oppositely colored vs. the candlesticks on either side of it, both of which will have a larger trading range than the middle candlestick. 📚 Candlestick charts are used by traders to determine possible price movement based on past patterns; These patterns may indicate either bullish or bearish trends, and so should be used in conjunction with other methods or signals. - Matching low : The matching low pattern is created by two down candlesticks with similar or matching closing prices. 📚 The pattern occurs following a price decline and signals a potential bottom or that price has reached a support level. - Break breakaway : The first candle in the formation is long and black. The second candle is also long gaps away from the first in the direction of the trend. The third candle can be either color, but does not show a change in trend direction. The fourth candle continues in the direction of the proceeding trend. The fifth candlestick has a long white body, opens against the trend and continues in that direction to close the gap. 📚 The Bullish Breakaway pattern is a five candle reversal formation that occurs during a downtrend. - Bullish Tri-Star : Tri-Star patterns form when three consecutive DOJI candlesticks appear at the end of a prolonged trend. 📚 A Tri-Star is a three line candlestick pattern that can signal a possible reversal in the current trend, be it bullish or bearish. 📍 A Tri-Star pattern near a significant support or resistance level increases the probability of a successful trade. - MARUBOZU : A large real body, There will be no shadow at either sides of the candle, The color of the candle will be of a significant meaning. 📚 MARUBOZU means “bald head” or “shaved head” in Japanese, and this is shown in the absence of wicks or shadow on the candlestick, meaning that the opening or closing price will be the same as the maximum prices of the candle. The absence of shadow indicates that the trading session opened at a high price and close at a low price at the end of the day (or the opposite). 🔴 NOTES : - There are many bullish reversal patterns that we only present most useful patterns for trading ! - Most of them have 2 definition and direction ( Bearish and Bullish ) and we only present bullish reversal patterns ! - For better result in your trading, You need to confirm patterns through trend lines, momentum, oscillators, or volume indicators. ⏰ Best timeframes to work with candlestick patterns : Traders usually use Monthly, Weekly, Daily, 4-Hour, Hourly, 15-Minute and even 1-Minute timeframes. Ideally, traders pick the main timeframe they are interested in and then choose a longer and a shorter timeframe to complement the main one. The longer timeframes typically contain fewer and more reliable signals. The shorter timeframes usually contain more signals with less accuracy. There are several types of traders, and they have different trading styles. 📍 We will provide more contents for candlestick patterns in next weeks ! So stay tuned and support us with your LIKES, COMMENTS and FOLLOWINGS... Have a great moments. @Helical_Trades
NSENG:ACADEMYEducation
by Helical_Trades
122
UMA/SUDT : Breaking out from resistance zone BINANCE:UMAUSDT Hello everyone 😃 UMA is breaking current resistance zone ! It could have another retest on lower bullish trendline and bounce again from MA100. There are 4 located factors that makes UMA bullish : 1️⃣ Volatility is being bullish 2️⃣ MA 100 is supporting movement 3️⃣ MACD is had a bullish crossover 4️⃣ There is bullish trendline which is located below UMA's current level 🔴 BTC's funding is high and it's at Greedy stage ! So set tight SL for short-term and mid-term positions... Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
29
BTC/USD : Low TF overview BITSTAMP:BTCUSD Hello everyone 😃 BTC is forming a triangle into a rising wedge. There is a bigger rising wedge also. 📍 You can reach my last idea about BTC's movement on Related Ideas at the end of caption ! Majority for movement is still bullish, How ever funding is high and most of positions are being short.. On my personal view; I will wait for a confirmation after current FIBBO time-zone. I'm still looking for minor dip at 14th May around 40K !! Possible directions for BTC on next 4 days is : - Reaching major rising wedge's higher line and then may reversal movement happen - Reaching 66K level on FIBBO extension and then may reversal movement happen - Being rejected below current rising wedge and retest historical bearish trendline and then we may see the continuation of downtrend movement I'm still predicting on my last exclusive BTC's analysis, How ever these are all for mid-term. 📌 It could be better to see a minor dip before real top around ~200K by the end of 2021... By the way, As we are into bull market, Every short idea is risky ! But I'm talking about important scenarios like : 1️⃣ Multiple bearish divergence on Total market cap 2️⃣ Major pivot points based on FIBBO time-zone 3️⃣ Market is extremely overheated 4️⃣ Reaching 100% level on FIBBO extension 5️⃣ Reaching the final fifth upward wave of Elliot impulse wave 6️⃣ BTC's market is in the greedy stage. And many more factors that can confirm our last analysis for mid-term correction for BTC ! 🔴 Mentioned directions on this chart are not valid, I just want to make it more clear for scenarios... Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BITSTAMP:BTCUSD
by Helical_Trades
12
All candlestick patterns for Trading : Bearish reversal patternsHello everyone 😃 In this article we present Most useful bearish reversal patterns of candlesticks and How to trade with them. ( Sorry for my irregular chart 🤦‍♂️ I'm not good in drawing 😁 ) 📊 What is Candlestick charts ? Candlestick charts are a type of financial chart for tracking the movement of securities. They have their origins in the centuries-old Japanese rice trade and have made their way into modern day price charting. Some investors find them more visually appealing than the standard bar charts and the price actions easier to interpret. Candlesticks are so named because the rectangular shape and lines on either end resemble a candle with wicks. Each candlestick usually represents one day’s worth of price data about a stock. Over time, the candlesticks group into recognizable patterns that investors can use to make buying and selling decisions. 📍 Bearish reversal candlestick patterns : Bearish reversal candlestick patterns can form with one or more candlesticks; most require bearish confirmation. The actual reversal indicates that selling pressure overwhelmed buying pressure for one or more days, but it remains unclear whether or not sustained selling or lack of buyers will continue to push prices lower. Without confirmation, many of these patterns would be considered neutral and merely indicate a potential resistance level at best. Bearish confirmation means further downside follow through, such as a gap down, long black candlestick or high volume decline. Because candlestick patterns are short-term and usually effective for 1-2 weeks, bearish confirmation should come within 1-3 days. To be considered a bearish reversal , there should be an existing uptrend to reverse. It does not have to be a major uptrend, but should be up for the short term or at least over the last few days. A dark cloud cover after a sharp decline or near new lows is unlikely to be a valid bearish reversal pattern. Bearish reversal patterns within a downtrend would simply confirm existing selling pressure and could be considered continuation patterns. There are many methods available to determine the trend. An uptrend can be established using moving averages, peak/trough analysis or trend lines. A security could be deemed in an uptrend based on one or more of the following : - The security is trading above its 20-day exponential moving average (EMA). - Each reaction peak and trough is higher than the previous. - The security is trading above a trend line. 🈺 Now let's talk about patterns that we provided on chart.. ! - Hanging man : The hanging man is characterized by a small "body" on top of a long lower shadow. The shadow underneath should be at least twice the length of the body. 📚 The hanging man represents a potential reversal in an uptrend. While selling an asset solely based on a hanging man pattern is a risky proposition, many believe it's a key piece of evidence that market sentiment is beginning to turn. The strength in the uptrend is no longer there. - Gravestone DOJI : A gravestone DOJI is a bearish reversal candlestick pattern that is formed when the open, low, and closing prices are all near each other with a long upper shadow. 📚 A gravestone DOJI is a bearish pattern that suggests a reversal followed by a downtrend in the price action. 📌 A gravestone pattern can be used as a sign to take profits on a bullish position or enter a bearish trade. - Bearish kicker : This pattern is characterized by a sharp reversal in price over the span of two candlesticks. 📚 Traders use kicker patterns to determine which group of market participants is in control of the direction. 📌 The pattern points to a strong change in investors' attitudes towards a security that typically follows the release of valuable information about a company, industry, or economy. - Shooting stars : A shooting star is a bearish candlestick with a long upper shadow, little or no lower shadow, and a small real body near the low of the day. 📚 A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. - Bearish spinning top : A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. 📚 The real body should be small, showing little difference between the open and close prices. 📌 Since buyers and sellers both pushed the price, but couldn't maintain it, the pattern shows indecision and that more sideways movement could follow. - Bearish engulfing : A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. 📚 A bearish engulfing pattern can occur anywhere, but it is more significant if it occurs after a price advance. This could be an uptrend or a pullback to the upside with a larger downtrend. 🔴 The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle). - Bearish harami : A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami. 📚 A bearish harami is a candlestick chart indicator for reversal in a bull price movement. 📌 Traders can use technical indicators, such as the relative strength index (RSI) and the stochastic oscillator with a bearish harami to increase the chance of a successful trade. - Dark cloud cover : Both candles should be relatively large, showing strong participation by traders and investors. When the pattern occurs with small candles it is typically less significant. 📚 Dark Cloud Cover is a candlestick pattern that shows a shift in momentum to the downside following a price rise. The pattern is composed of a bearish candle that opens above but then closes below the midpoint of the prior bullish candle. 📌 Traders typically see if the candle following the bearish candle also shows declining prices. A further price decline following the bearish candle is called confirmation. - Evening star : An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a bearish candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. 📚 Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end. - Evening DOJI star : The Evening DOJI Star is a bearish reversal pattern, being very similar to the Evening Star. The only difference is that the Evening Doji Star needs to have a doji candle (except the Four-Price Doji) on the second line. The DOJI candle (second line) should not be preceded by or followed by a price gap. 📚 The pattern, as every other candlestick pattern, should be confirmed on the next candles by breaking out of the support zone or a trendline. If the occurrence is confirmed, then its third line may act as a resistance area. It also happens, however, that the pattern is merely a short pause prior further price increases. - Bearish abandoned baby : A bearish abandoned baby is a specialized candlestick pattern consisting of three candles, one with rising prices, a second with holding prices, and a third with falling prices. Technical analysts expect that this pattern signals at least a short-term reversal in a currently upward trending price. 📚 This is a rare pattern that has a fairly strong track record for forecasting a short-term downward trend. The key item of the pattern is the middle day, which should have a gap in front of it and following it, and which should close the session with price unchanged. - Three black crows : The black crow pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. 📚 Three black crows is a bearish candlestick pattern used to predict the reversal of a current uptrend. Traders use it alongside other technical indicators such as the relative strength index (RSI). - Tweezer top : A tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance. 📚 Tweezers are more meaningful as part of other trends, especially pullbacks. - Three inside down : The three inside down pattern is a bearish reversal pattern composed of a large up candle, a smaller down candle contained within the prior candle, and then another down candle that closes below the close of the second candle. 📚 The down version of the pattern is bearish. It shows the price move higher is ending and the price is starting to move lower. Here are the characteristics of the pattern. - Three outside down : The three outside down describe a pair of three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific sequence, showing that the current trend has lost momentum and might signal a reversal of an existing trend. 📚 The first candle marks the beginning of the end for the prevailing trend as the second candle engulfs the first candle. The third candle marks an acceleration of the reversal. - Advance block : Advance block is the name given to a candlestick trading pattern. The pattern is a three-candle bearish setup that is considered to be a reversal pattern—a suggestion that price action is about to change from what had been an upward trend to a downward trend in relatively short time frames. 📚 An advance block is a three-period candlestick pattern considered to forecast a reversal. The pattern's success at predicting reversal is barely above random. - Bearish stick sandwich : One candlestick pattern is the stick sandwich because it resembles a sandwich when plotted on a price chart - they will have the middle candlestick oppositely colored vs. the candlesticks on either side of it, both of which will have a larger trading range than the middle candlestick. 📚 These patterns may indicate either bullish or bearish trends, and so should be used in conjunction with other methods or signals - Matching high : The first line of the pattern appears as a long line whereas the second one can be either long or short. Both candle lines need to close at the same level. Additionally, the opening of the second candle need to be higher than the opening of the previous candle. 📚 The Matching High is built of two MARUBOZO candles having white bodies. In other words, it can be a White MARUBOZO or a Closing White MARUBOZO. - Bearish breakaway : The bearish breakaway is a formation of five candlesticks where the first is always bullish and the last is always bearish. The middle candlesticks will be rising and can be either bearish or bullish, but will usually be bullish. 📚 A bearish breakaway is a chart formation that can appear in a rising market when the price starts to pull or break away gradually to the downside. - Bearish Tri-Star : Tri-Star patterns form when three consecutive DOJI candlesticks appear at the end of a prolonged trend. 📚 A Tri-Star pattern near a significant support or resistance level increases the probability of a successful trade. - MARUBOZO : The black MARUBOZO is simply a long black (down, or red on the charts below) candle, with little to no upper or lower shadows. The pattern shows that sellers controlled the trading day from open to close, and is therefore a bearish pattern. 📚 How to avoid false MARUBOZO signals and setting stop-loss : If bearish, take a short when price falls below; Place a stop above candlestick. 🔴 NOTES : - There are many bearish reversal patterns that we only present most useful patterns for trading ! - Most of them have 2 definition and direction ( Bearish and Bullish ) and we only present bearish reversal patterns ! - For better result in your trading, You need to confirm patterns through trend lines , momentum, oscillators, or volume indicators. ⏰ Best timeframes to work with candlestick patterns : Traders usually use Monthly, Weekly, Daily, 4-Hour, Hourly, 15-Minute and even 1-Minute timeframes. Ideally, traders pick the main timeframe they are interested in and then choose a longer and a shorter timeframe to complement the main one . The longer timeframes typically contain fewer and more reliable signals. The shorter timeframes usually contain more signals with less accuracy. There are several types of traders, and they have different trading styles. 📍 We will provide more contents for candlestick patterns in next weeks ! So stay tuned and support us with your LIKES, COMMENTS and FOLLOWINGS... Have a great moments. @Helical_Trades
NSENG:ACADEMYEducation
by Helical_Trades
57
ATOM/USDT : Possible directions to break triangle BINANCE:ATOMUSDT Hello everyone 😃 There are 2 directions for ATOM. 1️⃣ There is a bullish trendline below current level, Which is not very strong but it can a be good reversal point for ATOM and make enough potential to break triangle's high... 2️⃣ My 2nd vision is based on S&R conduct, If ATOM rejects to hold above trendline; Then it will retest lower support lines. There are several located support levels which can be a minor reversal point for ATOM ! 📍 Also on daily view, ATOM formed a bullish flag ! 📌 Majority is triangle, If ATOM breaks triangle and take hold above it. Then it will be possible for ATOM to see new ATH !! 🔴 All of this setups are valid before minor correction that we mentioned on our BTC exclusive update.. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
8
EOS/USDT : Breakout on low TF BINANCE:EOSUSDT Hello everyone 😃 EOS had a breakout from bullish pennant and now it's taking hold above it. Volatility is being bullish and now it's going having a bullish crossover.. Also on higher timeframes it's going to have a bullish crossover ! 📌We expect a retest on pennant's higher line and then we might see the continuation of EOS's growth. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
ELong
by Helical_Trades
17
TOMO/USDT : Possibility for pullback from current level BINANCE:TOMOUSDT Hello everyone 😃 TOMO is moving into an ascending channel. Now it's into a support zone which is located near channel's lower ! We expect a retest on channel's lower line, Then there will be a chance for TOMO to pullback. 🔴 Volatility is at sell limit zone but on higher timeframes, It's having a bearish crossover, So it's not safe to take long without confirmation.. Wait for confirmed pullback. 📌 Also there is a resistance trendline, Which is forming a rising wedge with channel's lower line ! It can become a short-term resistance and majority for rising wedge is bearish, So we will play safe take our profits at rising wedge higher line ( resistance trendline ). Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
TLong
by Helical_Trades
12
ADA/USDT : Moving above bullish trendline BINANCE:ADAUSDT Hello everyone 😃 ADA is moving above two bullish lines. Now there are two important zones ! - Support zone around ~1.1$ - Resistance zone below ~1.3$ Both zone can hold or reject ADA but there is a coming event in August. The development team behind the CARDANO blockchain is unveiling new details surrounding its smart contract release... In the wake of its Mary protocol release this March, Charles Hoskinson’s CARDANO is revealing that its Alonzo upgrade will launch this coming August. IOHK (Input Output Hong Kong), CARDANO's development company, announced this week that the Alonzo upgrade will add support for smart contracts to the CARDANO blockchain. The update will allow developers to start building on the CARDANO platform – a highly anticipated functionality that the Ethereum network currently possesses. IOHK notes that the upgrade aims to support businesses and provide support for developers wishing to build decentralized finance (DEFI) DApps. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
16
BAND/USDT : Breakout confirmed BINANCE:BANDUSDT Hello everyone 😃 BAND had a breakout and now it's moving above bearish trendline. Volatility is still bullish, However movement was neutral-bearish... So we expect more continuation of BAND into our Entry zone ! 📌 BAND didn't bounced massively yet, So you can set one safe target and others could be farther ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
4
QTUM/USDT : C&H formed in high TF and a bullish flag on lower TFBINANCE:QTUMUSDT Hello everyone 😃 QTUM had a Cup & Handle formation on 12H TF. Also it had a breakout from bullish trendline on 4th April ! Now on lower timeframe : It has formed a bullish flag ! 📌 All of the signs are strong bullish and it could be safe to take long after breakout confirmation... 📍 QTUM's C&H pattern wasn't valid enough , But we can count it for bullish sign ;) Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
28
ALPHA/USDT : Confirmed breakout on low TF BINANCE:ALPHAUSDT Hello everyone 😃 ALPHA had a breakout in low TF and it's holding above support zone. Volatility was at sell limit and now it's at neutral level.. There's a chance for ALPHA to retest support line again. 📌 1.53$ support line is heavy, There is a possibility for ALPHA to hold above it !! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
ALong
by Helical_Trades
20