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DREPBTC is testing monthly support 🦐DREPBTC is testing monthly support and it's creating a rounded bottom. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
DLong
by InkyGrip
6
$CFG - Daily & Weekly Chart Patterns#CFG Daily and Weekly Charts. It is creating higher lows and higher highs for a while absorbing the major supplies and forming a rounded bottom pattern. It is sitting above all the major moving averages denoting a strong uptrend is forming. The next supply zone is around 32 levels and we may see some reaction and a higher low before reaching the supply zone. We need to see how it reacts to the supply zone. In the weekly chart, it made a breakout from a symmetrical triangle which confirms the daily chart pattern.
NYSE:CFGLong
by sgzaman
YFII Well, the "second bottom" as a gift or still to $1900?Our previous idea accurately worked out, and given the great interest of users and their "support", it's time to update thoughts on YFII. For 3 months, the YFII cost has been non-stop falling in the channel. For the first time, the "bottom" at the level $1169 was recorded on 10.07.2020, and the fall was 88% of the maximum value. Those days, the maximum trading volumes were recorded, that is, there was interest. Today, for the third time, the price has approached "conditional bottom"level . But trading volumes are gradually decreasing, you need to carefully monitor whether there are interested large buyers, because so far there are no applications for a rebound from the “bottom”. Although, we see the following scenarios in the near future : If the price can fix above $1385-1400 and exit from the falling channel, then the way to a firm volume level $1900 will be opened. If the price breaks the "bottom" down and fixes below $1135, then there will be every chance to get a second "bottom" at the level $860 or even a third "bottom" in the zone $500-630. P.S. our YFII trade here ______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Y
by P_S_trade
Zoom 8h Chart 11/2 Head & Shoulders May Have Bottomed@cptWORLD Gave some great insight on zoom so I went back to review and adjust accordingly at the the end of the day. The bears failed today which I wasn't expecting until the last green trendline. This made me adjust my buy zone up slightly to 430-455. However, we need to see tomorrow and over the next few days how price reacts to this trend. Right now we are looking good for a bounce back up. I've switched from short-term bearish to neutral. I'll be watching this closely as more lockdowns and stay-at-home orders are announced. NASDAQ:ZM
NASDAQ:ZM
by jakelikesstocks
5
RCEL, Broadening Bottom (bearish) I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 82% TARGET (EXIT) PRICE = 12.07 USD BREAKOUT (ENTRY) PRICE = 20.50 USD DISTANCE TO TARGET PRICE = 41.23% EMERGED ON = Oct 30, 12:00 PM (EDT) CONFIRMED ON = Oct 30, 03:39 PM (EDT) WITH CONFIDENCE LEVEL = 95% The Broadening Bottom pattern forms when a security price makes higher highs (2, 4) and lower lows (1, 3, 5) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. What distinguishes a Broadening Bottom from a Broadening Top is that the price of the security is declining prior to entering the pattern formation. This type of formation happens when volatility is high or increasing, and when a security's price is moving with high volatility but or no direction. It potentially indicates growing investor nervousness and a little indecisiveness. Trade idea If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with a DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the Target Price by subtracting the pattern height from the breakout point. Pattern height is a difference between patterns highest high and its lowest low. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
NASDAQ:RCELShort
by AlTorress