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Fakeout

FANTOM breaks the trend line 🚀Based on the chart, we had fake out for the price to the downside ✔️ and now the price is above the blue trend line support once again ✔️ besides we have major support here for the price ✔️ if the price stays above the trend line and support area here we can expect gain for the price and our first target is located on the chart 🚀 This is not financial advice, always do your own research. Please, feel free to ask your question, write it in the comments below, and I will answer. 🐋
Long
by MadWhale
16
ETHEREUM long position 🚀Based on the chart here, we had a fake out for the price to the downside from our black trend line ✔️ and now again, the price stays above this important trend line after reacting to our channel support ✔️ besides here we have an important support area for Ethereum ✔️ so we expect gain for the price at leat to channel resistance 🚀 and if the price breaks the channel resistance to the upside, we can see more gain 🚀🚀 This is not financial advice, always do your own research. Please, feel free to ask your question, write it in the comments below, and I will answer. 🐋
Long
by MadWhale
17
Breakout or fakeout incoming?We've struggled BIG to turn this trendline into a support since late 2021. Breaking out this trendline could attract some looks certainly. If that that happened while we see some more significant volume then it could turn into the beginning of something. In my opinion trend reversal won't happen when everybody is getting bullish. Trend reversal is most likely to happen when all hope is gone. When 99.999% bulls have turned bears and many of them have dumped their holdings expecting the worst. And that's why I'm struggling to see a potential breakout from this trendline yet. I can even see the next red candle dumping after rejection, or even a fakeout from 43K with potential downside to below 40K. If that happens I might turn more bullish.
by TheTradingParrot
3
Hidden Bull Flag Formation!Hey traders! As you can see on the Daily Candles of the Total Cryptocurrency Marketcap chart, we began with a Bull Flag pattern that started during summer, I believe this is somewhat of a fractal we are experiencing now. What happened during this downtrend is that we got two touches to the upper resistance line and two touches to the lower support line. During this period we also had a fakeout which also happened in the current one (Labeled "Fakeout"). Now that being said, it seems as if the break out of the downtrend will occur during late January or very early February. However, what is key is that we don't break the support line as shown. Based on all this, early February is something you want to watch very closely. Safe trading, -Pulkanator
CRYPTOCAP:TOTALLong
by Pulkanatir
EUR/USD probably a fakeout!Hey tradomaniacs, "Asia's share markets turned negative on Tuesday as two-year U.S. Treasury yields topped 1% for the first time in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March." Read more 👉 www.investing.com This is the reason why I`m concerned about the US-DOLLAR-drop from last week and have the suspicion that we are going to see fakeouts. Do you remember the post about rising yields but the falling US-Dollar and that one of these charts is lying? If we see a continuation of higher yields we can expect US-Dollar to make a huge turn. Also keep in mind that the entire rally during the corona-pandemic was based on the liquidity that has been provided to the market and that we could see more risk-off if the economy continues to cool down / stagnate while the FED is forced to fight inflation. Here are some charts just with key-levels: 1️⃣ AUD/USD 👉 2️⃣ GBP/USD 👉 3️⃣ EUR/USD 👉 I will patiently wait because fakeouts can cause huge momentum to the downside here as soon as finished!
Short
by Trading2ez
6
Same 1INCH cycle as last time! LOOK ! ! ! 🧐😱😱 Hello everyone, At the same time as Bitcoin and Ethereum delete investors by jumping up and down. 1inch performs its previous moves with 100% efficiency. After counting a sharp decline, it drew: - #1 bottom - correction - double top - fakeout - #1 bottom As since the last bearish market on May 23. Do we have a chance for growth now? If the cyclicality continues in line with the last time, the answer is yes Price soared by 362% in recent gains If it goes that %high in the future, I'm aiming to retest the highest points (where I will be exiting some of the profits) and aiming further at FIB 1,618 that is $ 11.1 for coin Comment and like, greetings
Long
by SayMoney
6
SHORTING GBP/JPYGJ has just broken below previous support / demand zone from which we are currently watching a retest. If we get some nice selling pressure we are looking to place a sell on GBPJPY. A word of warning, we can expect price to 'fake-out' above this zone all the way back up to our supply zone (yellow box) or even to the 61.8 Fib level before we see a continuation to out TP zone. Entry: Wait for a bearish candle pattern formation or wick rejections at either resistance or 61.8 Fib level. We ideally want a doji / shooting star or a bearish engulfing for confirmation.
Short
by TomBray1
Potential Crab Forming 🦀GER30 - Potential Daily Crab Forming, nice .886 tap on the Daily Pullback. Price has reacted the same on London open for the past 2 days I'm expecting a small fakeout of the LTF momentum line but then price to drop and continue to break the lows. (Price is currently sitting at the weekly BOS) Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only
GShort
by benalistarfx