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W-pattern

After exiting from triangle, Ethereum can continue to growHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price declined to the resistance level, which coincided with the seller zone and even fell below this level but soon backed up to the seller zone. ETH some time traded in this area and later rebounded up to 3717 points, after which it turned around and made a downward impulse to the support level, which coincided with the buyer zone, breaking the 3360 level. Also, the price started to trades inside the triangle, where it bounced from the 2875 level and started to grow to the resistance line, which their moment coincided with the resistance level, after which it rebounded and fell to the buyer zone. But soon Ethereum turned around and rose back to the resistance line, but couldn't fixed and fell back to the support level. Some time later price made an upward impulse from this level and a not long time ago Ethereum exited from the triangle pattern. Now I think the price can make a small correction move and then continue to grow. For this case, I set my target at the 3360 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support. I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low. The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
Long
by FieryTrading
1
TRX - Inverse head and shoulder - Breakout ImminentBINANCE:TRXUSDT (6H CHART) Technical Analysis Update TRX is currently trading at $0.12346 and has formed a inverse head and shoulder pattern. Price is currently around the resistance line, if see a resistance breakout then we have potential for a good LONG Trade. I will wait till we have a confirmed breakout of the resistance and enter the long trade only after that. Entry level: $ 0.12461 (Candle Close above this) Stop Loss Level: $ 0.11752 TakeProfit 1: $ 0.12778 TakeProfit 2: $ 0.13172 TakeProfit 3: $ 0.13764 TakeProfit 4: $ 0.14398 Max Leverage: 5x Position Size: 1-2% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
🔥 Bitcoin Inverse Head & Shoulders! New All-Time High Soon 🚀Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern. In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed. As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min). In my eyes, this could be the start of the next leg up towards the current all-time high, and likely beyond.
Long
by FieryTrading
5
BITCOIN - Price can bounce up from support line of wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to falling channel, where it soon broke $68900 resistance level and fell to support line. Next, price tried to grow, but failed and declined to $60100 support level, after which bounced up. BTC rose to resistance line of channel and then continued to decline near this line, after which made downward impulse. Price exited from falling channel, and entered to wedge, where it broke $60100 level, which coincided with support area. Soon, price bounced from support line of wedge and rose to resistance line, breaking support level again. Recently BTC fell to this level and now I think price can bounce up from support line to $66500 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
4
🔥 Bitcoin Inverse Head & Shoulders: Back To All Time Highs!Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern. In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH. Note: the pattern has not been confirmed yet, so wait for the price to break through the neckline for the pattern to be confirmed. Share your thoughts 🙏
Long
by FieryTrading
9
CHZ - Bullish on Weekly Chart#CHZ/USDT #Analysis Description --------------------------------------------------------------- + Looking at the weekly chart, CHZ is displaying a distinct breakout from the channel, indicating an overall bullish signal. + Examining the higher timeframe reinforces this bullish sentiment. + On the lower timeframe, we might anticipate a price pullback, presenting a favorable opportunity to improve our entry price through averaging. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.12756 Stop Loss: 0.04482 ------------------------------ Target 1: 0.16175 Target 2: 0.24233 Target 3: 0.35612 Target 4: 0.46627 Target 5: 0.90295 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle. It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life. The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort. Keep an eye on this trade!
Long
by FieryTrading
12
The weekly on btcusd.Interesting weekly candle, a hammer that needs confirmation in the next 2 or 3 weeks. These types of patterns require confirmation within the following 2/3 sessions, they represent a retracement in the majority of cases, only if seen on the top or bottom can they represent a reversal, here we have no such scenario, the candle has manifested itself during an intermediate correction, ergo the retracement or correction could end here. Now we just need to observe the next weekly sessions, a perforation of the hammer low could mean that the correction is not over, but at that point the scenarios would change if this hypothesis were to manifest itself.
BITFINEX:BTCUSD
by Melupira89
🔥 Ethereum's Big Short: Conquer The Next Bear MarketThis analysis is based on a massive rising wedge pattern that has been developing over 7 years at this point. It's a long-term trade, so we have to be patient. The trade is simple; we're going to wait until the top of the next bull-market to enter a short on ETH. When this trade will activated remains to be seen. I'm waiting for ETH to touch the top resistance of the pattern. Rising wedges are often bearish reversal patterns, so we can ride the wave from ~15k all the way to ~3k potentially. Exact numbers will be clear once we actually arrive there. Assuming we're going to touch the top resistance, this trade can be double dipped: - Buy and hold until the top resistance has been hit for 400%-500% gains. - Short for another 60%-80% gain.
KRAKEN:ETHUSDShort
by FieryTrading
2
🔥 Bitcoin: Don't Miss This Massive Trade!In this analysis I want to elaborate further on my previous analysis where I talked about the daily RSI of BTC almost being oversold, which is historically a great time to buy during bullish long-term trends. As seen on the chart, I'm looking at both the RSI and the diagonal purple trendline. Ideally, the daily RSI will be lower than 30 and BTC will be trading closely around the trendline. This will activate the reversal trade. In my eyes, it's possible that said reversal will be the start of a new bullish trend for BTC, which can potentially take us all the way to 100k. Small risk, huge reward. What do you think?
Long
by FieryTrading
21