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Consolidation

MKRUSD - Consolidation or Downward Move?After around 6 months of hugely profitable trading with MKR we've received a Short signal from Crypto Tipster v2 - looking at the chart there's 2 possibilities from here. Either we're actually looking at a period of consolidation whereby the price isn'y going to do all that much within the current range until it reaches the end of this wedge in a couple of weeks; or we're going to experience a drop into the trading area below this wedge. Given how profitable Crypto Tipster v2 has been with MKR recently we're inclined to go for it, 10% on the Short should be acheivable, 20% is also not unlikely! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:MKRUSD
by theCrypster
2
CRWD ~ Inverse H&S built, ready to pop higherHere's a 30m chart to highlight detail of the inverse head and shoulders built on CRWD. Green line weekly support goes back to the lows of August 2020. Purple box is a large daily gap left from late last year up to $138 area. If looking from peak to trough of the head and shoulders, it's roughly $16 from neckline to low of the head, in a breakout of neckline it could be considered within an expected move to move a similar distance to the upside. That's around the 124.00 area. If looking at the daily chart, LBR momentum indicator is showing a slowing of downside momentum, further adding that a short term bottom may be put in here. Daily RSI is right around 50 as well so there is room to go higher without hitting "overbought" levels. Earnings are a bit away still. No position currently, but will be looking to open one soon depending on price action.
NASDAQ:CRWDLong
by Cheesy-Bean_and_Rice-Burrito
UPL- Take Reverse From Support ZoneUPL was moving with the trendline and now it was consolidated nearby the trendline and now it's given a breakout in an upward direction as you can see now. This breakout can give very good risk-reward on a positional basis, traders can also find opportunities on daily basis based on their setup. Entry Level:- Above @740 (Wait for Retest around 740) Stop Loss:- Below @708 Target:- Book target based on your entry (For intraday Might be different)
NSE:UPLLong
by investing_views
Beyond Meat - The Vegan Short SqueezeIf looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher. In recent days I've noticed some unusual options activity in a handful of highly shorted names and this is one of them. Paired with bullish bets on these names with some sizeable money, overall indices this week finished on a strong close going into next week. Above this $17.00 level on BYND is a volume gap where significantly less volume has traded as only 4 days moved it through this zone last year. These voids can sometimes fill rather quickly when price starts moving back through them. In conjunction with this, LBR MACD has a first cross which can be a long buying opportunity, with an RSI that has recently cooled off from overbought. Today I opened a long BYND position. This is in anticipation that we test the upper part of the channel again as well as that $17 area, possibly getting into the gap. Mix in the fact that this stock has a float nearly 40% short, with earnings a month away; there could be a short squeeze over the next few weeks in this one.
NASDAQ:BYNDLong
by Cheesy-Bean_and_Rice-Burrito
5
✅ 4 Methods to Confirm EntriesYou should make sure that your reward is bigger than your risk. It is up to you what your optimal risk to reward should be – ideally you should have a risk to reward of 1:2 or 1:3. ✔️Trendline Reversal & Break The trader should constantly monitor both the support and resistance trendlines and redraw them as the old ones break and new ones form. When an intersection of the projections happens, one of the trendlines must be broken and the other will most likely continue to hold the price. We trade in the direction of the trendline that remained unbroken with potential entries at the trendline breaks. ✔️Support & Resistance Look at the price chart and observe the support and resistance levels that you have drawn on the charts. You will look to place sell orders at the resistance levels and buy orders at the support levels. Stop loss below the support level or above the resistance level depending the call you’re on. ✔️Fibonacci Retracement Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. The percentage levels provided are areas where the price could stall or reverse. These levels should not be relied on exclusively, so it is dangerous to assume that the price will reverse after hitting a specific Fibonacci level. ✔️Consolidations A price consolidation is a period when the price is moving sideways without any significant advancement in the upward or downward direction. A price consolidation can take any form. It could be a rectangular pattern (often called a range), any of the different types of triangle patterns, a rising or falling wedge, a pennant, or a flag. Depending the pattern that takes place, you’re gonna look for entries and stop loss bellow pattern’s invalidation. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
1
watch ETH for a long positionwatch ETH for a long position hello guys... as you can see on the chart, ETH makes consolidation and for the last move, starting from 60% of correction of the last leg, and now the price is on top of the range, in my opinion, this pattern happens when the price wanna break the area. but I don't act based on my prediction, so I am waiting for a break-up, after that, you can take a long position until the green area (as a target). always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
16
5 Important Points About BTC.D🦍BTC.D or Bitcoin Dominance is one of the most important factors for investors to find out, if it is better to keep more Bitcoin in their bag or Altcoins. Don't forget, it's not all you need to make your decision but it's the important one! To make a decision about BTC.D, I've checked multiple parameters on weekly time-frame chart, so we dive deep into them one by one. Let's hit it. #1: Indicators (RSI and MACD) : MACD is showing a bullish divergence on the chart, that means the bearish momentum is getting weaker. It doesn't mean we're going up, but it means if any bullish power happens we can easily go up because Bears are weak now. Let's check RSI on the chart, the RSI is completely moving above a ascending trendline (Yellow line). Until we're above it, then BTC.D is good to go up. It looks like RSI is going to touch it's trendline again, if it does, I'll consider it as an important date to check my altcoins to swap with Bitcoin. #2: Consolidation channel for 1.5 year : This is a very strong and important channel for BTC.D because it has trapped BTC.D inside of it for more than 1.5 year, and many traders have used it to accumulate more BTC. How? Swap altcoins for Bitcoin in the bottom of the channel and the opposite in the top of the channel. Now that we're very close to the bottom of the channel so we have to consider swapping again, from Altcoins to Bitcoin. But be careful, you have to check each of your altcoin's chart one by one before making any decision. #3: Very strong support area (green area) : At the bottom of our consolidation channel, you can see a green area that is the strongest support area in BTC.D history. Because almost every time BTC.D had reached this level, it has forced BTC.D to move upwards. The overlap of this support area with the bottom of consolidation channel makes me seriously consider to swap most of my altcoins (with capital/risk management) with Bitcoin. SO TAKE BTC.D AROUND 40% SO SERIOUSLY. #4: BTC.D All Time Low : It is possible to have a downward fake breakout to 35.4%, because this is BTC.D ATL (all time low). It has happened before, so I'm still bullish on BTC.D unless this area is strongly broken downward. Other than that I believe we're in the BTC.D floor or at least close to it. It means, I prefer Bitcoin to Altcoin for long run as this is a weekly time-frame. #5: Comparing Bulls and Bears : I compared last two waves in the consolidation channel, greens from bottom to top and reds from top to bottom. As you can see on the chart, it took 20 candles (week) for bulls to go from bottom to top and 13 candles for bears to cove top to bottom. It means, in last two waves bears we're definitely stronger than bulls and we didn't see enough momentum in bulls. Although BTC.D is on the floor but my impression is that, BTC.D doesn't have enough momentum to break the channel upwards with one bullish wave. I think we need at least one strong correction in the middle of the road, before upward breakout. This will be my tough about breakout unless we see a super strong momentum when the bulls start pushing BTC.D. I wanted to add something else about this breakout, no matter when it happens, the target of BTC.D will be something around our green area (58%). So that date, will be a good time to check the market to swap Bitcoin for Altcoins. Well, this is my analysis on BTC.D, don't forget this is a weekly timeframe, so it is for long-term investors not short-term traders. Feel free to add up your ideas about my analysis in comment section, I do like to discuss different ideas with you guys to educate ourselves and take the best out of the market.💖
CRYPTOCAP:BTC.DLong
by ArshiaZojaji
13
IDXX - broke out of consolidationIDXX had a strong move last Friday on high volume that brought it to the top of it's 2 months consolidation range high of 447.80. The following Monday (9 Jan),it formed a little Doji Candle just slightly above this level , perhaps traders were still skeptical if this break was for real. The day after, on 10 Jan, it staged another decisive move higher, increasing the probability that this move could have momentum. Initial Stop Loss should be placed slightly under the last candle's low @ 438 (abt 7% downside from yesterday's close). The stock could face strong resistence if and when it manage to reach around 535 - 550. Earnings are expected out on 1st Feb, hence it might be prudent to reduce positions or take profits prior. Disclaimer: Just my 2 cents and not a trade advice. I may or may not have entered into this Trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:IDXXLong
by Juliac
4
EDELWEISS - Bullish Consolidation BreakoutNSE: EDELWEISS is closing with a bullish candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:EDELWEISSLong
by BrahmaBull31
SAFARI - Bullish Reversal BreakoutNSE: SAFARI is closing with a bullish candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:SAFARILong
by BrahmaBull31
GOLD SHORT TERM INTRADAY IDEAXAUUSD CHART Gold has made a clean run up over the last week due to fundamentals and technicals in play. However, we have approached a weekly resistance whereby we are seeing forms of exhaustion on the higher timeframe which is expected. There's a possible shift in structure as lower lows and lower highs are forming. I am favoring shorts as of now however as price is still very bullish, i will wait for more confirmations. Safer shorts will be below 1867 upon the breakout of the 4hr consolidation zone to retest 1860 again which will net us estimate 70 pips Safer buys will be above 1881 key level. Upon a break above 1881, i can see us heading to 1890 key level possibly to 1900 psychological level.
OANDA:XAUUSD
by CJ_GOLDPIPS
TARGET PREDICTION!!!!! (SHORT)DESCRIPTION: In the chart above I have provided a macro analysis on what can be the potential path that price action will follow with current ongoing bearish momentum. POINTS: 1. Price Action is in an overall downtrend channel. 2. Within this falling channel we have consolidation occurring with bearish trajectory as seen in the image to the top left in the top right example. 3. We have seen a BREAKOUT to the $139 range recently and if we come to see PULLBACK in the $156 range this would confirm a downward move. *IMPORTANT: PULLBACK POINT COINCIDES WITH TOP OF CHANNEL, SUPPLY FLOOR & 100 & 50 MA. SCENARIO #1: If price action is to lose $125 we will most certainly see a continuation of current bearish momentum which will then place us in the the follow SUPPLY & DEMAND POCKET OF $125 - $75. *NOTE: $125 -$75 SUPPLY & DEMAND POCKET HAS PROVEN TO HAVE WEAK PRICE ACTION IN THE PAST. SCENARIO #2: If price action is to move onto a bullish scenario it is crucial we hold $140 and see enough consolidation in order to invalidate current setup. NYSE:TGT
NYSE:TGTShort
by DGSTBROKERACC
NIO PENDING REVERSAL (UPDATE)DESCRIPTION: In the chart above I have provided a macro analysis update for my previous prediction for NIO. POINTS: 1. Adjusted pockets for SUPPLY & DEMAND: 1ST LEVEL = $14 - $24 & 2ND LEVEL = $33 - $43. 2. SUPPLY & DEMAND POCKETS do in fact show a common deviation of 10 points of spread. 3. Current $9.50 is serving as CRITICAL SUPPORT that is broken would invalidate entire setup. 4. If we come to see a continuation of this sideways consolidation between $9.50 & $14 price action will begin to squeeze for bullish divergence. 5. More than covered gap from early July 2020. Scenario #1: Bullish scenario can mean we see price action move into 1ST LEVEL SUPPLY & DEMAND ZONE as we invalidate bearish trend. Scenario #2: Bearish scenario can mean we break below our critical support of $9.50 and fall to $6.00. NYSE:NIO
NYSE:NIOLong
by DGSTBROKERACC
2
Weekly Outlook - NFP!! (Ending 010623)First, it is NFP week. The Market is more unpredictable because manual intervention will take place. Please be aware of this when trading. Second, I'm looking for Consolidation, Manipulation, then Distribution. Initially, the market has consolidated. Next, it will drive higher, liquidating all the Bears' Shorts built in (the three levels I noted) and making the Bulls trigger happy to provoke Long positions. After their positions are built in, the market will reverse and liquidate their Stop Loses below 3780. Stay Tuned...
CME_MINI:ES1!Short
by FreddyFutures
1