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W-pattern

GBPAUD long bias monthly perspective from daily charthi, there is an uptrend on this asset. price swinging upper 0.61 fib extension level, thats nice cuz price now above the 0.61 fibonacci retracement of 3 years. thats sense bulls are on control. i think price will range at upper level at august which 1.95-2.00. if needs a demand i think the changed 1.9 level is will be work as key. it has a nice bullish candle from price. high volume level of the trend inside of trend is at 1.9 level. i ll looking for gbpaud's bullish signal this month.
Long
by firatbicer
GBPCHF FORECAST Right now market is in support zone and trying to pull back from support zone from few days market moving in a rectangle zone i.e If market successfully pullback from support zone then we can expect a upward trend following rectantangle zone till 1.15141 if it brake the resisrtance then market will again move upward direction and price will come nearest to major resistance If market fails to pullback from here then the price can go downward direction and try hold at support .if price break this support also then then the market start changin his move and moving downward direction sharply and we can expect a bearish market here and most probably market will reach nearest to major support and try to hold here or market will pullback rapidly due mojor support
by yusufff04
Neo long NEO will Go to 46-50$NEO price today is $ 9.71 with a 24-hour trading volume of $ 80.93M, market cap of $ 684.93M, and market dominance of 0.06%. The NEO price increased 1.49% in the last 24 hours. NEO reached its highest price on Jan 15, 2018 when it was trading at its all-time high of $ 195.95, while NEO's lowest price was recorded on Oct 21, 2016 when it was trading at its all-time low of $ 0.072287. The lowest price since it's ATH was $ 4.18 (cycle low). The highest NEO price since the last cycle low was $ 138.87 (cycle high). The NEO price prediction sentiment is currently neutral, while Fear & Greed Index is showing 64 (Greed). NEO's current circulating supply is 70.54M NEO out of max supply of 100.00M NEO. In terms of market cap, NEO is currently ranked #1 in the NEO Network sector. Trend Bullish Higher Lows divergence RSI Momentum bullish MACD Bullish Highlights Price has increased by 18% in the last 1 year Outperformed 68% of the top 100 crypto assets in 1 year 15 green days in the last 30 days (50%) Has high liquidity based on its market cap Trading on Binance Trading with Euro Risk Analysis Outperformed by Bitcoin and Ethereum Trading below the 200-day simple moving average Down -95% from all-time high The top-performing year for NEO was 2017 when the price of NEO increased by 52,232.08% from $ 0.144763 to $ 75.76. The worst performing year for NEO was 2018 when the price dropped by -90.04% from $ 75.76 to $ 7.54. The average yearly growth of NEO over the last 8 years is 7,457.81% per year. Usually, NEO performs best in Q2 with an average of 591.78% gain and worst in Q4 with -4.85% loss. According to current NEO price prediction, the value of NEO is predicted to drop by -2.29% and reach $ 9.32 by July 9, 2023. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 64 (Greed). NEO recorded 15/30 (50%) green days with 9.15% price volatility over the last 30 days. Based on our NEO forecast, it's now a good time to buy NEO. And I bought NEO at this level 20 technical analysis indicators signaling bullish signals, and 9 signaling bearish signals. NEO is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 2 days, since Jul 01, 2023. The price of NEO is currently below the 50-day SMA and this indicator has been signaling SELL for the last 4 days, since Jun 30, 2023. The most recent Death Cross in the Bitcoin market happened 21 days ago, on Jun 12, 2023. Meanwhile, a Golden Cross last occurred on Feb 20, 2023, which was 133 days ago. Based on technical indicators, NEO's 200-day SMA will rise in the next month and will hit $ 10.00 by Aug 02, 2023. NEO's short-term 50-Day SMA is estimated to hit $ 8.15 by Aug 02, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 57.69, which indicates that the NEO market is in a neutral position. NEO Price Forecast Date Price Change Jul 5, 2023 $ 9.31 -2.39% Jul 6, 2023 $ 8.52 -10.66% Jul 7, 2023 $ 8.70 -8.85% Jul 8, 2023 $ 8.10 -15.12% Jul 9, 2023 $ 8.24 -13.60% Jul 10, 2023 $ 6.79 -28.87% Jul 11, 2023 $ 6.97 -26.95% Jul 12, 2023 $ 6.90 -27.64% Jul 13, 2023 $ 7.17 -24.87% Jul 14, 2023 $ 7.13 -25.26% Jul 15, 2023 $ 7.06 -26.02% Jul 16, 2023 $ 7.05 -26.07% Jul 17, 2023 $ 7.18 -24.75% Jul 18, 2023 $ 7.11 -25.52% Jul 19, 2023 $ 6.96 -27.06% Jul 20, 2023 $ 6.94 -27.23% Jul 21, 2023 $ 7.44 -22.02% Jul 22, 2023 $ 8.11 -15.01% Jul 23, 2023 $ 7.90 -17.23% Jul 24, 2023 $ 8.11 -14.94% Jul 25, 2023 $ 8.17 -14.34% Jul 26, 2023 $ 7.70 -19.27% Jul 27, 2023 $ 7.73 -19.01% Jul 28, 2023 $ 7.70 -19.30% Jul 29, 2023 $ 7.47 -21.75% Jul 30, 2023 $ 7.88 -17.38% Jul 31, 2023 $ 8.68 -8.99% Aug 1, 2023 $ 8.29 -13.08% Aug 2, 2023 $ 8.37 -12.29%
CAPITALCOM:NEOUSDLong
by DaveBrascoFX
Bitcoin Patterns #2This is an update to a previous post attached below. White traingle Looking at the white traingle pattern it looks like BTC has broken down, with a confirmed retest. Bearish. The measure move (target) would be around $28540 as shown by red box. Yellow Parralel Channel The channel is playing out nicely so far, you can see it react well on smaller timeframes, especially the central line! Although we broke down from the triangle we have for tbe meantime found some support around the bottom of the channel. Blue line The thicker blue line is a longer term support/resistance begining in January 2021. We have yet to break back above it since May 2022, with multiple attempts.
COINBASE:BTCUSDShort
by Connix
🔥 XRP Reversing From Strong 2023 SupportXRP has been trading bullish for the majority of 2023, continuously trading alongside a diagonal support. As of last week, XRP has yet again retested the support line and is currently reversing. My assumption is that this support will hold for the coming months. For an optimal risk-reward I'm targeting 0.7, but you can also take partial profits around 0.55 in case you want to play it more safe. Stop below the recent swing low.
Long
by FieryTrading
5
🔥 MATIC Potential Bear Flag Forming: 2 In 1 Signal!After weeks of selling, MATIC seems to have found support and has been trading inside a bullish channel for over a month now. A bullish channel after a strong sell-off often results in a bear flag pattern, which is a continuation of the bearish trend. Looking at this chart, we can construct two different signals. The safest trade would be to wait for the price to fall through the channel's support and enter once the price has closed below it. A more risky trade would be to enter from the to resistance, around the current area. Bot trades have the same target: the current bear market bottom around 0.32. The potential win of the risky trade is much higher because of the tighter stop and the further profit target.
MShort
by FieryTrading
8
🔥 Bitcoin Finally Breaking Out? Part 2Last week I made an analysis on Bitcoin where I wrote that I was expecting a break out from the range. However, BTC reversed sharply after hitting the ~31.5k resistance. No entry has been made in the previous analysis because we didn't close above the yellow area. As of now, BTC is seeing another strong influx of buyers. Again, I'm looking at the same structure and hoping for a bullish break out. Close above 31.5k to trigger the signal. 39k is the target because it's around the middle of my Elliot Waves analysis range, see below.
COINBASE:BTCUSDLong
by FieryTrading
15
🔥 Why I'm Still Bullish: Bitcoin Elliot Waves AnalysisOver the last few months I've made several Bitcoin analyses where I discussed the Elliot waves pattern I discovered. To this day, my prediction of price movement is spot on. With this analysis I wanted to give you all an update on where we are and what we can expect. Below you find a couple of past analyses in chronological order. Assuming that BTC will follow my Elliot Waves prediction, there's still more juice left in this run. The fact that we're consolidating (and not reversing) right below the 31k resistance is very bullish in my eyes. Only thing we need now is some kind of catalyst to push us through this massive resistance, be it bullish macro news, ETF approval, or simply a spike on low volatility. What I'd prefer to see is a strong move through previous local tops (we've bounced off the 31,000 - 31,500 area like 5 times now), and an immediate move to 33,000 to confirm the break out and leave bears in disbelief. My target area for this year remains the same: 36,500 - 40,000. Would be very surprised if BTC manages to break through 40k this year. But hey, anything is possible. To invalidate this analysis I have to see a move below 25,200 (dotted purple support) before confirming a break out through 31k. Are you bullish or bearish? Tell us why in the comments 🙏
INDEX:BTCUSDLong
by FieryTrading
32
📈 4 BULLISH PATTERNS YOU NEED TO KNOW📌How to easily identify these patterns? 🟢Cup and Handle Pattern The cup and handle pattern is a bullish continuation pattern that typically occurs after a significant uptrend. It is characterized by a U-shaped "cup" followed by a smaller consolidation known as the "handle." The cup portion represents a temporary pause or correction in the price, forming a rounded bottom. This signifies that selling pressure has diminished, and buyers are stepping in. After the cup formation, the handle is formed as a slight downward drift in price, usually in the form of a small consolidation or a shallow retracement. The handle represents a final consolidation before the resumption of the bullish move. The handle should be relatively smaller in size and have a downward-sloping price action. 🟢Double Bottom The double bottom pattern is a bullish reversal pattern that signifies a potential trend reversal from bearish to bullish. It consists of two consecutive lows that are approximately at the same level, forming a support level. The first low represents a selling climax or a period of intense selling pressure. After the first low, the price rebounds and retraces to form a temporary high, creating a potential resistance level. However, buyers step in again, pushing the price back up, resulting in a second low that matches or is very close to the level of the first low. This double bottom formation indicates a significant level of support where buying interest outweighs selling pressure. 🟢 Bullish Flag The bullish flag pattern is a continuation pattern that occurs after a strong upward move in price. It is characterized by a brief period of consolidation, where the price forms a narrow and rectangular range, resembling a flagpole and a flag. The flag portion of the pattern is typically slanted in the opposite direction of the initial price move. The flagpole represents the initial strong upward move, indicating a surge in buying interest. Following the flagpole, the price enters a consolidation phase, represented by the flag. This consolidation allows the price to stabilize and absorb selling pressure. The flag pattern should have parallel trendlines that contain the price action. 🟢Inverse Head and Shoulders The inverse head and shoulders pattern is a bullish reversal pattern that indicates a potential shift from a bearish to a bullish trend. It consists of three consecutive lows, with the middle low (the head) being lower than the two outer lows (the shoulders). The pattern resembles a head between two shoulders. The left shoulder forms as the price declines, followed by a subsequent rally to create a temporary high. The price then retraces, forming the head, which is lower than both the left and right shoulders. After the head, the price rallies again to form the right shoulder, which is usually slightly higher than the left shoulder. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4