**$API3 is encountering resistance at the upper trendline of its descending broadening wedge pattern.** ` Here's a quick refinement for clarity and precision, keeping the structure intact:` 1. **Confirm the Pattern**: Identify the descending broadening wedge on API3’s chart, characterized by lower highs and lower lows with diverging...
The Relative Strength Index (RSI) bullish divergence is a pattern in technical analysis that signals a potential upward reversal in an asset's price. It occurs when an asset's price reaches lower lows, but the RSI, a momentum oscillator, forms higher lows.
Trading strategy Identify and Confirm: Look for the two converging, downward-sloping trendlines with at least two touches on each. Volume should ideally decrease as the pattern develops. Wait for Breakout: A bullish signal occurs when the price breaks above the upper trendline. Confirm Breakout: Confirm the breakout with an increase in trading volume. ...
A **falling wedge pattern** is a bullish chart pattern in technical analysis. It forms when the price makes lower highs and lower lows, but the range narrows as the lines converge, creating a wedge shape sloping downward. **Key Points:** - **Bullish Signal**: Indicates a potential price reversal or breakout to the upside. - **Structure**: Two converging...
The falling wedge is a bullish chart pattern in technical analysis that signals a potential price reversal to the upside. Key characteristics of a falling wedge Downward-sloping trendlines: The pattern is contained by an upper resistance line connecting lower highs and a lower support line connecting lower lows. Converging lines: The space between the two...
Steps to Trade the Double Bottom PatternIdentify the Pattern Look for a downtrend in the price chart. Spot two lows (bottoms) at approximately the same price level, forming a support zone. These lows should be separated by a peak (the middle of the "W"). The pattern is more reliable on higher timeframes (e.g., daily or 4-hour charts). Confirm the Pattern:Ensure...
Expecting a strong move from $SANTOS, potentially yielding 50%. A strong support line is a price level where an asset tends to stop falling due to significant buying interest (demand) that prevents further declines. It’s often identified by:Multiple Touches: The price has tested the level multiple times without breaking below it. The more tests, the stronger the...
$BANANA 🍌 Soars past $50 How Trendline Support Trading Works Identify the Trend: Look at the price chart of a cryptocurrency (e.g., Bitcoin or Ethereum) on platforms like Trading View. In an uptrend, draw a trendline by connecting at least two higher lows (points where the price dipped but didn’t break lower). Use charting tools to ensure accuracy, as eyeballing...
The chart you provided is for GUN/USDT on Binance , showing a significant price drop followed by a period of consolidation. Based on the visible trend, the price has recently approached a support level around 0.024 USD and appears to be testing it. If the support holds, the next move could be an upward bounce, potentially targeting the resistance near 0.0417 USD....
$C (Chainbase) is currently flying under the radar, attracting minimal attention from the broader market, much like CRYPTOCAP:SOL (Solana) did in its early days when it was first listed, as shown in the second photo you referenced. This comparison suggests that $C is in a similar phase of quiet accumulation or undervaluation, where its potential is not yet...
BMV:IN looks ready to run into price discovery mode! Given the recent price action, this could be an optimal moment to take a long position or increase your holdings in $IN. The price has demonstrated a strong rejection at the key order block and demand zone, indicating robust buying interest at these levels. This rejection suggests that the market is...
SET:YGG **Future** / **Spot ** recommnded Style swing hold 🫴`1st entry near the chart price ` 🫴 `2nd entry around ( 0.5080 - 0.5020 )` ` Stop lose if daily candle close below (0.4665)` <@&949979082127470592> @everyone
1. **Left Shoulder**: The price declines to a new low, then rises. 2. **Head**: The price declines again, forming a lower low than the left shoulder, then rises. 3. **Right Shoulder**: The price declines once more, but not as low as the head, then rises. 4. **Neckline**: Draw a line connecting the peaks between the left shoulder, head, and right shoulder. This...
An inverse head and shoulders is a chart pattern used in technical analysis to identify potential bullish reversals in a downtrend. It consists of three parts: two shoulders and a head in between them. Here’s how you can trade the inverse head and shoulders pattern: ### Identification 1. **Left Shoulder**: The price declines to a new low, then rises. 2....
Buy and hold thanks me later MYX:THETA also futre trader can trade but swing and mange ur risk Trading during the accumulation phase in the Wyckoff method involves identifying potential accumulation zones and entering positions based on signs of accumulation by smart money. Here's a basic guide on how to trade during this phase: 1. **Understand...
EURONEXT:AAVE BREAKOT Falling wedge in 1W TF Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. - Identify converging trendlines...
Sure, here are the key points for demand zone trading in crypto: 1. **Identifying Demand Zones** - Look for price areas on the chart where the asset has historically seen strong buying interest, causing multiple price bounces or reversals. - Confirm these zones with high trading volumes and supportive candlestick patterns like bullish engulfing or hammer...
NYSE:MDT 🙌🏼 In the event of a successful breakout from this pattern, a bullish move of approximately 90% is expected 🚀