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Lowerhigh

COTI 1D Chart - 30%+ drop possibleCOTI on a 1D chart is looking like it is moving within an upward channel and we may be ready to see the price drop to get to the bottom of the channel. The price may have a 30%+ drop (assuming it gets to the 0.382 fib level) before moving upwards in the channel. Keep an eye on the RSI as well. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Short
by MillionaireEconomics
ELON/USDT. Update 11.24.21 From my previous post, you can see we how had a breakthrough; however, is not what we expected, we wanted a bullish breakthrough but did not happen. INSTEAD, Dogelon created a Higher Low, we had a Low already created back on Nov 4th 2021. If you look at my chart on the daily you can clearly see the High and Low of Dogelon, we have extended our triangle. I'm taking advantage of all the lows to add more to my position and stack a nice amount for the break and take profit partially and let the rest run once the breakthrough happens. At this point we just need to wait and see how the market behaves for the remaining of the days. IF everything goes according to how we see (although never happens and our job is to adapt to the market) the chart, the next possible breakthrough might be around "December 2nd" Like I stated earlier, market is unpredictable therefore all we have to do is adapt when it happens, all we can do is follow and execute the opportunities given to us. -NOT A FINANCIAL ADVISOR, THIS IS ONLY FOR ENTERTAINMENT PURPOSE. TRADE AT YOUR OWN RISK.
Long
by KasraInvestments
How To Trade The Symmetrical Triangle (Higher Lows, Lower Highs)Lower Highs are represented by the diagonal trend line. These lower highs are the resistance line. Higher Lows are represented by the diagonal trend line. These higher lows are the support line. Breakout Candlestick Retest Candlestick How To Trade The Triangle Chart Pattern First, Look For An Up Trend Second, Draw Diagonal Support Line and then draw Diagonal Resistance Line. These lines are your levels. Third, Wait For The Breakout Candle. Enter after the candle closes. Fourth, Wait For A Candlestick To Retest Diagonal Trend Line. Enter after the retest candlestick closes. Fifth, Set Target Using Height of Pattern
ZEducation
by TradeLive-
SPX: We are crashing! Time to panic?Hello traders and investors! Let’s see how the SPX is doing today! Yes, we have a systemic crash in the US, but we’ve seen worse. This crash seems to be related to US tech stocks and China only, as European markets are still quite resilient, especially FTSE (UK) and DAX (GER), which are leaving huge shadows under today’s candlesticks. As we discussed in my recent video, the SPX has no reversal signs , and even now, we lack bearish structure. We must see lower highs/lows in the 1h chart before assuming we’ll correct more. We have a support at the gap (black line, 4,369), and the index is seeking this point, for now. Remember: A crash is just a pullback, and it doesn't mean we are in a bear trend. However, I agree that the daily chart looks bearish already. The market might understand today’s movement as a false breakout from the previous top level, and we are heading to the next support at the 21 ema. If the crash is strong enough, we can retest the support around the 4,289 again. I find it hard to believe we would retest the purple trendline in the daily chart without a stronger bearish structure in the 1h chart. We can hit there, but we must see a clear reversal in smaller time-frames. Only time will tell if this is just a crash or the beginning of a bearish reversal. If it is a crash, then fine, it’ll be just an opportunity to buy, like it has been since April 2020. If it is the beginning of a reversal, then we must wait for more patterns to confirm our theory. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
6
USDJPY | Perspective for the new week | Follow-upWith an astronomical 500pips run in our direction since my last speculation (see link here below for reference purposes); It appears the character displayed by price action lately has found a safe haven for Supplication @ Y109.500 area thereby welcoming a Selling bias for me in the coming week(s). At this point in a very Bullish trend, the market is looking as if it is trying to figure out where to go next as the thrust from Pivot III did not have enough momentum to find a new high and considering the sharp rejection of the Y109.500 area during last week trading session; it appears that the Greenback risk a further decline. Can inflation rescue the dollar? Let's see! Tendency: Downtrend ( Bearish ) Structure: Supply & Demand | Trendline | Reversal pattern Observation: i. The Bullish run that began late January 2021 which is characterized by series of higher swing highs and higher lows appears to have found a peak @ Y111.000 after what looks like a setup transitioning into a downtrend after hitting a brick @ Y109.500 level. ii. The present structure has a high tendency of changing to a series of lower highs and lower lows in the coming week(s) as I anticipate a Breakdown of the Bullish trendline in the nearest future. iii. I will like to call our attention to the Supply zone @ Y109.300/110.000 area; This level was a very strong Sell window before the Breakout on the 30th of Mar 2021 followed by a Breakdown on the 7th of April 2021 and since this day we have witnessed price trading under this level throughout the month of April 2021. iv. With my Key level holding @ Y108.500, I shall be looking forward to taking advantage of a decline below the key level this week. v.This been said, there is an opportunity to add a position to your existing trade when price does a further breakdown/retest of Demand level @ Y107.500. vi. CAUTION: On the contrary; it could be a rally (bullish) continuation when price breaks above Supply zone and retest to find new demand level at this juncture... Trade consciously!:) Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry