It is trying to break the resistance 0.0090-0.0092. If it is able to break it, it will have a wonderful rise, God willing ✅ ✅ Trading around weekly resistance flips involves identifying key levels on a price chart where the market has historically shown a tendency to reverse. Here are some steps to guide you through this process: 1. **Identify Weekly Resistance...
BTC bullish CLASSIC divergence rsi RSI Hidden Divergence Trading Examples Some traders identify a hidden divergence and jump into the market immediately. But I find it more useful to think of a hidden divergence as an alert for possible continuation setups. Once the alert is issued, we can start looking for continuation trade entries. Short-term bar patterns are...
**$STPT Breakout and retest inverse head and shoulders pattern ** The inverse head and shoulders pattern is a reversal pattern that can indicate a potential change in the trend from bearish to bullish. It consists of three troughs: a lower low (head) between two higher lows (shoulders). Here are the steps to trade the inverse head and shoulders pattern: 1....
What is a trendline break and how to trade it? There is a breakout when the price crosses an important level. However, not all breakouts are created equal. There are preconditions for a breakout to be considered relevant: Consolidation before the breakout. A significant increase in trading volume. Indicating investors’ enthusiasm to push the price as far as...
#DXY The dollar has reached the reversal zone (Harmonic Enlightenment pattern) The decline prediction fails with a daily close above 108.14. Otherwise, we wait for the green targets The "Butterfly" pattern is a technical analysis pattern used in trading, including cryptocurrency trading. It is a specific type of harmonic pattern that traders use to identify...
GLM looks good for Next Move A resistance flip breakout trade is a trading strategy used in technical analysis, typically applied to financial markets like stocks, forex, or cryptocurrencies. Here's a breakdown of the components: 1. **Resistance**: Resistance is a price level at which an asset historically struggles to move above. It represents a point where...
Descending Broadening Wedge Pattern Explained A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines . A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the...
** NGM:RVN BREAKOUT Falling wedge in Weekly TF And also retested ** 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...
CRYPTOCAP:SHIB Performing Falling wedge in Weekly TF soon Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action...
Trading a descending broadening wedge pattern involves a systematic approach to identify potential entry and exit points. Here's a step-by-step guide on how to trade a descending broadening wedge: **1. Identify the Descending Broadening Wedge:** - First, you need to recognize the pattern on a price chart. Look for two converging trendlines with the upper...
LRC performed Descending Broadening Wedge A descending broadening wedge is a technical chart pattern often observed in financial markets, particularly in stock trading and forex. It is a type of wedge pattern that indicates a potential trend reversal from a downtrend to an uptrend. Here's a breakdown of the key characteristics of a descending broadening...
NSE:IRIS Performing Falling wedge in 1D Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would...
Relative Strength Index The Relative Strength Index (RSI) is a momentum indicator that measures how fast and how much the currency pair’s price changes in a specific time period. It provides traders with overbought and oversold market conditions by providing values ranging from 0 to 100. A bullish divergence can be identified with RSI when the currency pair...
NASDAQ:SNT weekly Breakout Done Trading cryptocurrency breakouts, especially weekly resistance breakouts, can be a profitable strategy, but it also carries a significant level of risk. Here's a step-by-step guide on how to trade a weekly resistance breakout: 1. **Understand the Basics**: - Make sure you have a good understanding of technical analysis, as...
Trading a bullish symmetrical triangle is a common strategy used by traders to take advantage of potential price breakouts to the upside. Here's a step-by-step guide on how to trade a bullish symmetrical triangle: 1. **Identify the Symmetrical Triangle Pattern:** Start by identifying a symmetrical triangle pattern on a price chart. This pattern is...
Good time to accumulate #DEFI coins 💎📝 Keep an eye on it 👀 Trendline Trading Strategy What is a trendline trading strategy? In technical analysis of financial markets, a trendline is a diagonal line drawn through a chart to show the trend in price. The slope of the trendline shows the direction of the trend: if the line has an upward slope, the trend is up...
What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or...
$CELR Performed Bullish Symmetrical in 4HR tf What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising...