Get started

Chart Patterns

Next Week We Will See Big Waterfall In EUR/USD.The EUR/USD pair is trading within a downward trend, confined within a parallel channel on the 4-hour chart. The channel's strong inclined resistance and support lines have been dictating the price action. (Current Market Scenario) The pair has reached the resistance line of the channel and has experienced a reversal, indicating a potential move towards the support line. (Technical Indicators Also Support Sell Opportunity) The 50 Exponential Moving Average (EMA) and 100 EMA are currently in a bearish crossover. The 50 EMA (red line) is below the 100 EMA (blue line), indicating a sell opportunity. This bearish crossover, combined with the reversal from the resistance line, strengthens the case for a potential downward move. Trading Plan: Sell Entry: 1.04200 Stop Loss: 1.04800 Target Prices: 1. TP1: 1.03700 2. TP2: 1.03200 3. TP3: 1.02700 Follow my professional profile to Get More Profitable Ideas.
Short
by Chart_Champ1
EURUSD, What will happen in upcoming weeks ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family. let's go for EURUSD analysis: for upcoming weeks, we'll probably see an upward correction to Specified level at first and then it will start another fall. so with a proper trigger we can open a short position. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
Short
by aminrzb
VARAUSD and MATICUSD Correlation PointsVARAUSD dropped a massive 85% after initial pump when listed on Coinbase. We will mark this bottom as correlation point 1 even though as I will demonstrate the market for VARA is out of balance and is due a significant pump. On the left VARA percentages are shown. On the right MATIC percentages are shown. In march notice that from the correlated high (not the ultimate high) from march until November VARA dropped 88%. In the same time period MATIC dropped a significant 78%. This leaves VARA at this point a negative 11% The pump TRUMP PUMP that started in november delivered a 154% pump for VARA and a 163% pump for MATIC a difference of negative 11% roughly. Currently, VARA remains 10% negative to MATIC. This is not the result of VARA being a less favorable buy but rather that due to it's low market cap movements are exagerated and wild. In this regard the Market owes VARA approximately 10% to 20% upward movement which will come unless VARA pulls MATIC down to an equivalent level. With regards to correlation, both assets pull upon each other like the moon and the earth pull upon each other. One is bigger and has more impact on the other but ultimately persistance of the lesser or smaller asset can aggressively pull the other down especially when very large market moving INDEXES such as DXY and BTC have substantial negative moves. Currently today at close last night, DXY and USDX closed high again hitting a very heavy resistance zone. This is bullish for BTC which is why between today and Tuesday we could see BTC move up again. This along with negative movement in the FX currency markets our altcoin and risk assets could finally see a little bit of light since we several markets have come to a head and a decision point. I am not a financial advisor, stay safe my friends.
COINBASE:MATICUSDLong
by fritbjorn
Strategy 2025. BTC Airless Scenario Below $100'000 Choking PointThe crypto market is flashing a worrying outlook for 2025, since a disappointing Santa Claus rally this year could deepen issues. This is especially important if BTC will not be able to finish the year 2024 firmly above $100'000 per coin. The financial market has had a tough week, but it might also be in store for a tough year in 2025. The market is on track for its worst weeks over years after the Federal Reserve gave a hawkish forecast for interest rate cuts in 2025. But looking at the market's internals, it's clear that damage had been inflicted well before the Fed's Wednesday meeting—and the signal is a historic indicator of tough times ahead. The number of stocks in Top Stock Club S&P 500 that are declining outpaced advancing stocks for 14 consecutive days on Thursday. The advancing/declining data helps measure underlying participation in market moves, and the recent weakness signals that even though the S&P 500 is only off 4% from its record high, there's damage under the hood of the benchmark index. This is evidenced by the equal-weighted S&P 500 index being off 7% from its record high. According to Ed Clissold, chief US strategist at Ned Davis Research, the 14-day losing streak for the S&P 500's advance-decline line is the worst since October 15, 1978. Clissold said 10-day losing streaks or more in advancing stocks relative to declining stocks can be a bad omen for future stock market returns. While this scenario has only been triggered six times since 1972, it shows lackluster forward returns for the S&P 500. The index has printed an average six-month forward return of 0.1% after these 10-day breadth losing streaks flashed, compared to the typical 4.5% average gain seen during all periods. "Studies with six cases hardly make for a strategy. But market tops have to start somewhere, and many begin with breadth divergences, or popular averages posting gains with few stocks participating," Clissold said. Perhaps more telling for the stock market is whether it can stage a recovery as it heads into one of the most bullish seasonal periods of the year: the Santa Claus trading window. If it can't, that would be telling, according to Clissold. "A lack of a Santa Claus Rally would be concerning not only from a seasonal perspective, but it would allow breadth divergences to deepen," the strategist said. Also concerning to Clissold is investor sentiment, which has flashed signs of extreme optimism since September. According to the research firm's internal crowd sentiment poll, it is in the seventh-longest stretch in the excessive optimism zone, based on data since 1995. "Several surveys have reached what could be unsustainable levels," Clissold said, warning that any reversal in sentiment could be a warning sign for future market returns. Ultimately, continued stock market weakness, especially in the internals, would suggest to Clissold that 2025 won't be as easy as 2024 for investors. "If the stock market cannot rectify recent breadth divergences in the next few weeks, it would suggest our concerns about a more difficult 2025 could come to fruition," the strategist said. Moreover, Dow Jones index has printed recently The Three Black Crows Bearish candlestick pattern, on weekly basis. This is especially important, since mentioned above pattern is massively unwinding from Dow's all the history highs. Previously this pattern has already appeared in TVC:DJI in November 2021 and lead to 20 percent decline in 2022 for Dow Jones Index and to more than 70 percent decline in BTC. The Three Black Crows Bearish candlestick pattern also has appeared in Dow Jones Index in September, 2018 (lead to 18% decline) and in July, 2007 (lead to more than 50% decline). The main technical graph represents a Choking Strategy for BTC in 2025, i.e. BTC airless scenario below $100'000 choking point. The epic 52-week SMA breakthrough in BTC will definitely accelerate a decline at all.
by Pandorra
Major Trend Reversal for Decentraland (MANA/USDT)! Long Term🔥 🚀Long Term 🚀 🔥 📈 Technical Overview: Descending Wedge Breakout: MANA has invalidated its long-term bearish structure, surging past key resistance zones. 📉➡️📈 Higher High Formations: Consecutive HH patterns confirm bullish market sentiment and upward momentum. 🚀 Key Resistance Target: Next significant level lies at $1.938, aligning with historical Fib retracements and volume nodes. 📊💹 Critical Support Zone: Strong base established at $0.138—ideal SL placement for risk-conscious traders. 🛡️ ⚡ Momentum Drivers: Bullish breakout supported by increasing volume and breakout above Ichimoku cloud, signaling trend strength. ☁️✅ 💡 Signal: Enter long positions on pullbacks or confirmed close above breakout levels. HODL potential targeting $1.938+ in this textbook reversal pattern! 🌟 #CryptoAlerts #MANA #BullishBreakout
COINBASE:MANAUSDLong
by Mcenzy
Kaspa in big sideways range or Head and shoulders?Yes we had that big head n shoulders on kaspa to include a bear flag. But that bear flag looking invalidated. I see more bullish tones than bearish tones now. We have price bouncing off monthly support, we are currently reclaiming .786 on a higher low (macro). Are are above point of control and finding support off the Value Area Low. That big head n shoulders on kaspa getting everyone to sell their bags. While the believers buying it up. That's my take. If you think I am "wrong", you are in the wrong business. its not about being right or wrong, its about being positioned for all scenarios. I am ready for .05 at the big .786/ high volume node also
Long
by ThreeMuchCrypto
2