US DOLLAR MAJOR BOTTOM MOVE TO A 90 % NET LONG US $ MARKET A decline has been ended in the correction of the us $ a major low is in place moving to a net long us $ and all us and world stock market nearing the protection target of 3618 and cycle peak was due aug 25 /9187 high to sept 10 focus on sept 4 1929 high three spirals in time and two wd gann date move to a net 100 cash look for a last rally or and abc rally to fall short on most index
Bottom
elrond h&serd has had a decent pull back since it hit all time highs and now it looks to forming an inverse head and shoulders we should have a breakout @ 0.00000167 if you miss the breakout chances are we will re-test the breakout point then start the climb higher
Maybe the price is at the bottomMy idea:
we can clearly see that bottoms are in the red rectangle. currently the price is in the red rectangle. That's why I think the price is at the bottom.
Harmony (ONE) 450% Profit PotentialHallo Everyone, One is looking bullish right know, i use positioning trading strategy with 1 week timeframe in this analysis
There are supports that push the pair higher :
1. Dynamic support using red curve line
2. Volume Profile
3. EMA 13 and 34
If it reach target FIBO 0.786 then Rounded Bottom Pattern confirm and it will go higher more
In additional, Squeeze momentum indicator showed that the pair still in squeeze release bullish phase, it can strenghten the bullish of the pair
I hope you enjoy the analysis 😁😁😁
See my other positioning trading strategy analysis :
EUR/CHF: Sideway Movement We Need Break To Decide Our DirectionThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DPharma - Formation of Cup & Handle PatternThis is DPharma H1 Timeframe Chart, the price is supported by the 50EMA.
It created a "Rounded Bottom" or "Cup & Handle" Pattern
It is a bullish continous pattern, If breakout, It may shoot up to 3.90 level.
Today it creat a Flagpole Pattern in the end of the trading day.
LTCBTC attempting the break 🦐LTCBTC has found a bottom over the daily structure.
Market has attempt twice to break above the range but so far has been rejected.
IF the market will mange to break and close over the structure we can set a nice long order according with our strategy.
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
A Rounding bottom comingAfter 12 months we can now draw a Rounding bottom pattern and, in all likelihood, we can expect it to be close to completion.
Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
So to follow this turnaround pattern could be a good trade.
Best of Luck.
DXY ready for a buy?TF: 12 Hr
DXY looks pretty overold and likely needs a correction. Bullish divergence can be seen developing on the 12 hr for the RSI and slightly on the MACD. Price is also near another significant low which may produce a double bottom, which would be another bullish reversal confirmation.
Let me know what your idea is for DXY below.
See my previous DXY analysis here:
GBPSEK Long / Buy - Double BottomReasons I took this trade:
- Double bottom formed on the larger timeframe / Bounce of strong resistance.
- Pair is oversold on many timeframes.
- Tight stop loss / Good R:R (Risk:Reward Ratio)
- Strong BULLISH candle on 1h timeframe ( Piercing Line Pattern & Possible Bullish Hammer )
- MACD crossover
Entry : 11.44453 (roughly)
Stop Loss: 11.39150
TP1: 11.54250
TP2: 11.65475
Please check against your own analysis BEFORE taking this trade and make sure you are happy to enter.
Open to any critique or advice :)
ICADE - DAILY - Potential Long OpportunityWe can see a triple bottom on this real estate company and developer. Potential buy opportunity once the descending trend started 04/06 is violated. The company was growing and showing solid fundamentals in pre-covid period, earnings release next week.
Always keep in mind it is a game of probabilities.
Bitcoin Long Term Analysis- " No chance to buy back in " not a good mindset when trading.
- My goal is to find the next Bitcoin bottom. Disclosure, I currently have no position in BTC.
- In the long run, the halving will kick in 2021. Look at halving charts.
- First wave of alt season happened. This short term down trend will bring a lot of weekly pump and dumps.
- This is the time to find bottoms and get into juicy positions.
This chart is not the best. Take it with a grain of salt.
👀 ETH at a Critical Point 🤞Hey guys,
Just a quick one with Ethereum today - it's been trending in an upward channel for some time now, 4 months or so, hitting the high (resistance) line and deflecting to the low (support) line, and back again!
It's currently sat rock bottom on the "Support" line - a great time to open a Long trade, right? Maybe, maybe not. No one could blame you for wanting to go Long here, the odds seem to in your favour; but after a big pump of around 4 months of sustained growth it might just break that support, and if support is broken, down she falls!
We could be looking at lows back at $186 if a break down out of the channel occurs, THIS would represent a cracking time to enter a Long position! Or, (we think more likely) the price will continue within the current channel, possibly not hitting the high end as that would be breaking all kinds of previous resistance!
We're currently going for a Long up to $270-$280 (you watch the price plummet now! :) ), followed a decline in price, to where is still up for speculation!
Most importantly, you should be enjoying your trading, if you're not, you are doing it wrong!
All the best,
theCrypster
Double bottom | CADJPYAfter the successful trade on May 25, today we have new potential at CADJPY.
The price forms a double bottom with a potential of 80.41
If you are not familiar with this formation:
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound.
What Does a Double Bottom Tell You?
The double bottom pattern always follows a major or minor down trend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Consequently, the pattern should be validated by market fundamentals for the security itself, as well as the sector that the security belongs to, and the market in general.
The fundamentals should reflect the characteristics of an upcoming reversal in market conditions. Also, volume should be closely monitored during the formation of the pattern.
A spike in volume typically occurs during the two upward price movements in the pattern. These spikes in volume are a strong indication of upward price pressure and serve as further confirmation of a successful double bottom pattern.
Common mistakes
1.Do not looking for the pattern within an up trend!
2.When the bottoms are equal or second is lower than the first one - this is not a double bottom.
3.Don't be greedy and do not rush, always wait for confirmation.