WONG - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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Consolidation-breakout
Archer Daniels (ADM) consolidation to breakoutADM has been going through strong bull runs, consolidations and then continuation from the consolidation back up.
This looks like another set up for a continuation up. The market has run up, in part perhaps due to the commodity price increases and is now consolidating, perhaps as commodities cool off or maybe just old fashioned profit taking at a new high.
Typically these consolidations should continue up, however with commodities taking a breath there are forces at play beyond the stock itself so I'd wait for a breakout rather than jump in during the consolidation in case the move breaks down.
Then consider the exit of the flag and distance to the ATH (orange line) and potential resistance in between when choosing an entry.
EFORCE - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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GRANFLO - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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S&D Bullish Entry on EURUSDI just entered this long trade on EURUSD. Here are my thoughts on this trade entry:
Price has been in a very strong bullish trend, making new HHs and HLs.
A few days ago, a bullish market manipulation took place, creating a demand zone that price may possibly retrace to.
In the past 24 hours, a (smaller) bearish market manipulation took place and created a small supply zone.
| About the manipulations |
The bearish manipulation, to me, seems like a retracement in our bullish trend, because...
1.) ...the bearish impulse move is smaller than the most recent bullish impulse move
2.) ...the bearish impulse move showed signs of weakness due to a BOS near the previously established demand zone
3.) ...a stop hunt below the demand zone seems to have taken place before the BOS occurred
Let me know if you have anything to add to this analysis. I'm always open to new ideas.
AAVE-USDT(Horizontal Channel Breakout)An open-source decentralized lending and borrowing DeFi protocol built on top of Ethereum and enable the users to borrow and lend a wide range of crypto assets without the involvement of any third party institution like a bank. The total valued locked (TVL) in lending protocols currently stands at ~$39.6 Bn, which Aave alone has locked in ~$11.96 Bn in its protocol
On the daily time frame, Aave has been consolidating in a range since Feb 2021. It has given a breakout from the range and it seems to move to its new highs.
The support to the lower side is placed at $530 which is the upper limit of the range while it may give targets of $750 in the near future.
EFORCE - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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IPMUDA - Pre Consolidation BreakaoutNO INVESTMENT ADVICE IS PROVIDED
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BPLANT - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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PMETAL - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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CBIP - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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HENGYUAN - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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FREIGHT - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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EG - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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HARBOUR - Pre Consolidation BreakooutNO INVESTMENT ADVICE IS PROVIDED
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WPRTS - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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BTC - weekly setup similar to May-July 2017Hello,
Few days ago I shared an idea about a potential bearish reversal triggered by the Diamond pattern on the daily chart.
Now the situation is that the pullback is a fact, but it's mainly triggered by FUD events, which usually don't have long-term effects on the price and are absorbed sooner or later.
Additionally, we are most certainly at a support
But this is not actually what I wanted to share in this idea. Some time ago I posted another idea looking at the BTC past performance that might help us prepare for what is to come and give us some food for thought.
Here is the idea:
__________
BTC Weekly chart:
Still in a long-term uptrend corridor, the price touched 21-day EMA which usually indicates the beginning of a trend reversal once the price breaks below it. What is more, we have a local price channel that is currently broken and the price has to recover to the levels above $50,000 to keep the bull run intact.
But if we go back to the May-July period in 2017, we will notice that the bull run was in its mid-phase when quite a deep correction occurred. You can clearly see that the price was struggling at a horizontal resistance on Weekly just like it is doing now, and then it broke down touching the 21-day EMA. A 34 percent pullback. What we have now is 30 percent pullback from the top.
BTC dominance is again below 45 percent - just like in May- July 2017, but what is more fascinating is the ETHBTC pair which is at the exact same level as back then and we all know what followed.
I cannot make general conclusions from this just sharing some thinks I noticed on the chart and I cannot just disregard the similarities I see.
Cheers,
XRPUSD - Short Term Bullish Towards Consolidation Upper LimitNO INVESTMENT ADVICE IS PROVIDED
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UMA-USDT(Consolidation Breakout)Universal Market Access or UMA seeks to decentralize the financial derivatives products such as Futures, CFD or Total Return swaps.
For the past 3 months, UMA has been trading in a Horizontal Channel formation . Closing above the resistance trendline $33 may trigger the price of the UMA token to new highs.
Key levels to watch out for-
Support to the lower side is present at $35 while it may rally to $44 after the breakout.