TopChartPatterns

TopChartPatterns

BTC-USD is trading inside a channel. It usually takes sometime to break a channel but an up-break is likely. The AI model has found multiple similar patterns in the past and a lateral movement is expected for the next few weeks. Furthermore, remember that BTC-USD broke a bigger falling wedge this January so a bigger bull trend is probably unfolding. The...

TopChartPatterns

We have a break of a falling wedge pattern confirmed by the AI model which found that a movement between 7-10% is likely in the upcoming 30 days based on years of previous data and similar market patterns. Also see lateral volume to understand where the price can end the first rush.

TopChartPatterns

The algorithm is showing a very profitable pattern in SANOFI. First, if the price breaks up we have a clear rally until the top of the channel with a tight stop loss slightly below the break point. On the other hand, if the market is moving down, we should see a break to the downside of the channel, then an easy break of the support and the blue line would be...

TopChartPatterns

Our algorithm has shown a rising wedge in ETH which is one of our favorites patterns. That's because when you find a rising wedg during a trendline, the outcome is incredibly useful. If the pattern is broken downwards as expected you know that the trend is not over and you can still take advantage of shorts. Sometimes, a rising wedge breaks the upper trendline...

TopChartPatterns Updated 

The algorithm has found an interesting pattern in EUR/USD. Red in chart After the break of the previous channel the price has corrected a 61,8%, the fibo level but this is also the previous zone of supports and resistances. If that's not enough, it's also the last level with accumulated volume, if we move to 1,08 the volume disappears which would be the...

TopChartPatterns Updated 

TSLA is probably one of the most famous bubbles that we had in this last bull market. Yes, it's probably one of the future car companies and more, but it was extremely overpriced. Few months ago the algorithm showed a marvelous Head and shoulders pattern which usually predicts the end of a trend. This october we had a confirmation of the break of this pattern...

TopChartPatterns Updated 

In the previous post we explained how Bitcoin is changing and showing some range pattern instead of a bubble behaviour. It's important to adapt your trading style to market style, if you are still expecting crazy rallies in BTC you can be stuck here for months or maybe year. Today we show you how we analyze the prices between long term ranges (green lines) and...

TopChartPatterns

The algorithm has found a wedge in pepsico which gives a great risk return ratio. Good luck and take care with the red line, where a multiple top pattern could be formed even when the target of the wedge is over it.

TopChartPatterns

As we said in our previous anlysis the 100$ zone was the target of the big Head and shoulders pattern. In the intraday we've seen a V shape end which usually means a trend reversal is unfolding. Once the first black line is broken we would have a confirmation of a new short term bullish trend. So buying over the black line give a great risk reward ratio. Let's...

TopChartPatterns Updated 

The algorithm shows an opportunity to buy credit agricole if the double bottom pattern breaks. The double bottom pattern is a bullish reversal pattern that appears on a chart as two distinct bottoms at roughly the same price level, separated by a peak in between. The pattern is formed when the price of an asset falls to a support level, bounces back up, falls...

TopChartPatterns Updated 

Our algorithm has sent us an alert on Kraft. It has been trading in a clear range which is hard to see in today’s market conditions and now has created a head and shoulders with and embedded V end pattern inside. Both patterns have been seen thousands of times before by our algorithm and with a win rate of more than 75% are good patterns, especially when...

TopChartPatterns

The algorithm is proposing a trade in ITUB which seems quite interesting. A channel has been formed creating a kind of big flag. The most probable scenario is a bounce to the upper zone again but be ready for a retest of the lows, so if the channel breaks down you can also profit by shorting with a risk reward of 2. If the price bounce as expected, the risk...

TopChartPatterns

The algorithm is showing Disney in a very important historical support zone. In the chart you can see the historical channel and how the price is approaching the support line. Furthermore the 80$ is a key support that if it's lost could move the price to 43$ easily because there is no other serious support or historical volume. So, by buying slightly over 80$...

TopChartPatterns

As you know, we usually post ideas from our algorithm, but today is diferent, I've been struggling with a crazy idea for some time and it's becoming more and more clear. The bitcoin market has undergone significant changes over the past few years. In the past, it was known for its wild price fluctuations and was often associated with speculation and high risk....

TopChartPatterns

The algorithm has found a resistance at the end of a downtrend channel. The 33$ support is working pretty well and now we must be aware if the price has enough demand to break the 36$ level. This break could potentially move the price outside the channel and the zone of 40$ would then become the target. The risk reward is good enough and the stop loss can be...

TopChartPatterns

Our algorithm has found a descending volatility pattern after a long period of downtrend and this always helps traders to make money because we can take advanatge of any movement (up or down). We've recently seen a fake break of the red line, but be ready because losing the first blue line is really dangerous for XRP. XRP was created by Ripple Labs, a...

TopChartPatterns Updated 

The algorithm has shown a simple but probably profitable flag in ABB. I plan to buy if the price breaks upwards and would like to exit in the upcoming take profits zones where the price has changed the behaviour previously.

TopChartPatterns Updated 

Our algorithm has shown an unfolding Head and shoulders pattern in TD. We still need to see how it ends, but be aware because buying at 63$ could be a very profitable investment if the HnS finally breaks the upper resistance. As simple as this. Enjoy trading.