Updated EURCAD analysis, previous one was incorrect, for me at least. Price has broken down below the upward trend line and confirming descending channel. Stops above supply zone, target bottom of channel
Price hitting lower channel support and demand zone. Stop placed below demand zone. 1st target is resistance line within ascending channel. Close half position and move stops to B/E. 2nd target resistance line/upper channel resistance line intersection.
Price broke upward trend line and confirmed descending channel for now. Stop placed above trend line resistance, channel resistance and supply zone resistance. Target is bottom of channel.
Price is at the resistance line of the triangle pattern forming. Its also entering into a supply zone. Will wait to see if price breaks out of the bottom side of this triangle to begin a descending channel pattern. Stops placed above supply zone. When price reaches triangle support line i will move stops to B/E but keep entire position open. Target is bottom...
Price is at the bottom support line of the wedge pattern that's forming and rejected the demand zone just below again. Stop placed below the demand zone and 1st target will be top resistance line of wedge at which point ill close half the position and move stops to B/E. 2nd target will be the untested supply zone created before the last drop
Price is rejecting the supply zone for a 5th time and also rejecting the top resistance line of the triangle pattern. Stops above the supply zone and target is a little lofty but going with the triangle turning into a descending channel. Tutes are short. Ill take my chances.Ill close half the position at the lower triangle support line and move stop to B/E for the...
Bullish pennant currently forming on daily. Prior pole leading into pennant is just over $5k, but the move itself was a 170% move up. So two ways to look at it. Target could be $5k above pennant tip or 170% above pennant tip. Both are marked on the chart. One target is $15k and the other $27k.
BTC forming bullish pennant on daily. Daily is in a bullish trend. Pole is 5k+ which puts target for next rally over 15k. Price is near the lower support line of the pennant, so from here I will be entering on every cross of the 50ema upwards over the 200ema on the 1 min chart with a target of 15k and a stop just below the previous swing low.
