Get started

Continuation

EURAUD Reversal Head and Shoulder Price Action, watch for sell Hello traders: EURAUD is looking very clean on the higher time frame as it is forming the right shoulder of the H and S pattern. We can see after price hit the higher time frame double tops, a strong impulse move to the downside, hitting the previous lows. Then we see price correctively move up in an ascending channel, good sign of a continuation bearish price action. Latest development here is price is still within the correction, so best to wait for confirmation impulse out from the structure, a nd lower time frame bearish continuation correction to get in on the sell. Thank you
Short
by jojofang0901
27
ADAUSD Bull Pennant & Small Pairs PumpImportant things to note: BTC is taking a breather today, it recently hit the 54K level I have been talking about. Because of this, altpairs are looking better. ETHBTC made its first little pump back up. ETHBTC will lead other altbtc pairs in the push upward. I believe there is more downside for altpairs. ETHBTC looks like it has a small bull flag. ADAUSD is showing a bear pennant signaling more downside. Set alerts to both trendlines so you know where it breaks. If it breaks to downside expect a stop at 2.03. If it breaks to upside, I would expect consolidation. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Today was an interesting day. BTC has finally hit the 54k level I was waiting for, but only for a second. Since BTC is slowing down right now, ALTBTC pairs are looking better. Especially ETHBTC. I expected ETHBTC to get a little pump exactly where it is at, however, I did not expect it to produce a bull flag. This may just be a fluke however. The reason this is important is because ETHBTC will lead the charge for the alts when they start moving. So, I watch it very closely. Personally, I expect more downside from alts in general (ADA included). But, if ETHBTC starts moving, things may turn around. When looking at ADAUSD, I see a pretty clear bear pennant signaling more downside. Set you alerts on both of those trendlines so you are aware of the directional change. If ADA moves to the downside I expect it to hit 2.03, and if it moves to the upside, I expect it to start consolidating for upward movement. There is still room for my double bottom on the 1D (I know I have been waiting a couple weeks for it, but it can still happen). Anyways, this was just a short update. All in all, if you want to see where things are headed in terms of alts, just look at ETHBTC. If the bullishness breaks, expect more downside. Personally, I still believe alts will start moving sooner than many people think. That being said, I will continue to watch ADA and update you all accordingly! Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
15
ADAUSD Starts the Continuation of UptrendImportant things to note: BTC is cooling off. I do not see it going much lower. ADA started its flagging continuation. Price broke out of last flagging pattern. ADA created a smaller flag for continuation of uptrend Price target from smaller flag is 2.59. This coincides with our last target of 2.62. We now have a general idea of where the price is headed. I have noted the hidden divergence I saw. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. I am going to make this quick because the update is pretty self explanatory. Right now BTC is cooling, but I do not see it going past 53k before it starts moving up again. ADA has broken out of our last pattern with a classic 3 drives pattern and has now created a smaller flagging pattern. The target from the smaller patter is 2.59. This is measured by the size of the pole added to the top of the pole. This target coincides with our last target of 2.62. The target from the smaller flag is 2.59. If the pattern does not break, this is the general area the price is heading to. If the price breaks, it will head towards a support of 2.15 or 2.03 etc. However, since we have bullish momentum and bullish signals, and patterns, we should assume the pattern will complete. I have also noted the hidden divergence I mentioned on my last chart. Remember, try to relax during this time. The momentum of ADA will lag behind BTC, but once BTC hits its ATH and retraces, its time for altcoins to start really moving. For now, expect minimal gains, maybe a small pullback and a lot of consolidation. I will continue to keep an eye on ADA and update you accordingly. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
31
Wait for a continuation pattern and a selling opportunity GBPUSDH1 time frame. Structure: Downtrend. After the price rallied to the confluence between the trendline and the 1.36000 resistance, there was a downside move in the direction of the main trend. Now, wait for a completed trend continuation price pattern and a sell signal. The profit target is the 1.34200 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
1