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What is Tweezer Top candlestick?
A #Tweezer Top is a bearish reversal candlestick pattern that forms at the top of an uptrend, indicating a potential trend reversal. It consists of two #candlesticks that have the same high price, creating a top that resembles a pair of tweezers.
The first candlestick is a #bullish candlestick, indicating that the price has been increasing, and the #second candlestick is a bearish candlestick, indicating that the price has started to decrease. The two #candlesticks should have a similar length and form a top at the same level, creating a resistance level.
Traders often use other technical indicators, such as #volume and #momentum, to confirm the reversal before entering a short position.
#HOOK continues the drop as mentioned, price reached out the support level too, where long are good. If you took the entry then you're in 8% profit, and that's a good move for scalp. Lock-in some position right here and hodl with Breakeven stops.
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Here's the analysis of #HOOK :
#HOOK is been moving downward in a very corrective manner, after the major drop in price. Currently, it filling out the wick and might reach the strong support zone of $1.824 - $1.836. Nothing as of now, because range is very small for shorts. Wait for the price to reach support for potential longs and shorts after break-below.
#ANKR hit the support zone instantly bounced from there. The downtrend line resistance is $0.35 level. Don’t rush for new longs and wait for more confirmations.
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Here's the Analysis of #QTUM :
#QTUM rejected hard from the major resistance zone of $4.26 - $4.42. Price already broke below the 4H support around $3.10 - $3.19. There's a minor support in between but expecting price all the way down till major support zone of $2.50 - $2.60 and potentially buys may come. As of now, you can look for shorts, at 4H zone as resistance 📉
#OP break below of the minor support zone and given close below. Price goes deeper inside the support and likewise rejecting. If you took shorts then the trade peaked around 9% in profits, better to take major partials and shift the stops.
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Here's the analysis of #ANKR :
#ANKR rejected hard from the major resistance level of $0.0570 - $0.0597. Price is currently trending lower and approaching towards the strong support zone of $0.0331 - $0.0349. There's a trendline lower adding confidence to longs but always wait for the candle closure. In case of break below then shorts will be probable 📉
#BLZ/BTC BUY/LONG CALL
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: 561-675-855-1055 satoshi
Stop if 1D close below 430 satoshi
We are buying #BLZ here
BLZ is ready for a moonshot 🚀
Now is the right time to build your position in BLZ for massive profits in short term🚀🚀
We will announce a news based spot call with strong TA after 30 minutes😊
Stay tuned.
What is Evening Start Candlestick Pattern ?
The #evening star candlestick pattern is a bearish reversal pattern that consists of three candles. The pattern starts with a long green (or white) candle, indicating that the buyers have control of the #market. This is followed by a small candlestick, either bullish or bearish, that #opens and closes within the real body of the first candle. The small candlestick indicates indecision in the market. The pattern concludes with a long red (or black) candle, indicating that the sellers have taken #control of the market.
What does that means and how to interpret ?
Traders and #investors interpret this pattern as a signal to go short or sell, expecting a potential downtrend in the market. However, as with any candlestick pattern, the #evening star pattern should be used in combination with other #technical indicators and #fundamental analysis to confirm trading decisions
#Bitcoin is rejected from the resistance line. A break above this resistance line will push the price toward the high of the range. Stop loss is recommended in all trades.
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What is Morning Star Candlestick Pattern ?
The morning #star candlestick pattern is a bullish reversal pattern that consists of three candles. The pattern begins with a long red (or black) candle, followed by a small candlestick that opens and closes within the real body of the first candle. The small #candlestick can be bullish or bearish.
What does this Pattern Indicate ?
The pattern concludes with a long green (or white) #candle, indicating that the #buyers have taken control of the market. #Traders may interpret this pattern as a signal to go long or #buy, expecting an uptrend in the market.
Note : Traders should always use other technical indicators and fundamental analysis to confirm their trading decisions.
#Bitcoin is been moving inside of the consolidation and might take a test till resistance line. On hourly TF, price is ranging. Well, the $24,000 is the resistance for now and if price flip that area then we can expect a easy push till $25,000 and potentially a new higher high
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#TVK made a very quick move to the upside and achieved the 1st target and price made a high of $0.055, which is 14.5% in profits. I hope you locked some profit at TP level.
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There has been a huge amount of #stablecoin deposits to the exchange. It is the highest level of this year 👀. What do you think, what's next 🤔?
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#Bitcoin give a breakout to the upside, after a full day of consolidation. Well, price retest back the range as support and Hopefully, we'll see an upmove as there clean candle looking left. On Daily TF, price can still have room to go down below $22,000.
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What is Dark Cloud Cover Candlestick ?
#Dark Cloud Cover is a two-candlestick pattern that appears on a price chart and is often used as a bearish #reversal signal. The pattern is formed when a bullish candlestick is followed by a bearish #candlestick, which opens above the high of the previous candlestick and closes below the midpoint of the previous #candlestick's body.
The pattern suggests that the market has shifted from a bullish #sentiment to a bearish one, and that the bears have gained control. It is considered more significant when it appears after a sustained #uptrend and is confirmed by other technical indicators, such as #volume and #moving averages.
Traders often use the #Dark Cloud Cover pattern as a signal to enter a #short position or to exit a #long position.
#Bitcoin is been consolidation in a range now, after a huge dump in market. Price just did like nothing after that. LTF, shows range and a breakout will decide the next direction of the market. Bullish above $22,460 and in case of break below $22,000, then a easy move till $21,000 support.
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What is Piercing candlestick Pattern ?
A #Piercing candlestick pattern is a two-candle bullish reversal pattern that appears on a price chart. The pattern usually forms after a downtrend and indicates a possible #reversal in the trend.
The Piercing pattern consists of two candlesticks. The first candlestick is a #bearish candlestick that opens near the high of the day and closes near the low of the day. The second candlestick is a bullish candlestick that opens below the low of the first candlestick and closes above the #midpoint of the first candlestick's body. The bullish candlestick can also have a long real body, indicating a #stronger bullish sentiment.
The Piercing pattern is considered significant when it appears after a sustained #downtrend and is confirmed by other technical indicators, such as #volume and #moving averages. #Traders often use this pattern as a signal to enter a long position or to exit a short position.
We already mentioned rejection yesterday and today #Bitcoin dumped hard to the drawn support around $22,300 - $22,500. Price still hodling above the zone but might break it. Clean move is expected, till next support $21,300 - $21,500, if it breaks. Avoid to take low confidence setups as of now.
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#BLZ/USDT BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $0.1315-0.1955-0.2566-0.3425
Stop if 1D close below $0.1004
#BLZ NFT Marketplace and other exciting stuff is on the way✌🏻
Don’t sleep on this one price action will explode anytime 💥
10 minutes left until strong news based spot and futures call.
Stay tuned.
Wallet Maintenance for Tron Network (TRX) - 2023-03-03
https://www.binance.com/en/support/announcement/18819c876ea44f1da2a1803b1fc04bf4
OP is been forming a triangle formation, and market is kinda bearish too. Well, if price breaks the minor support zone near $2.66 level, then we can expect a potential sells till strong support. A breakout to the upside will send the price to resistance around $3.06.
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Here's the analysis of #KLAY :
#KLAY is been rejection out strongly from the major resistance zone of $0.3122 - $0.3309. On 4H TF, its looks like a breakout though, well, a minor support is formed at $0.271 and if we see a break then we can see a drop till support zone of $0.218 - $0.223. Take small risk and manage it accordingly.
#LINA performing well, and moved lower after breaking the strong support. Price made a low of $0.00987, which is 15.8% in profits. We recommend to lock in some profit and move the stoploss.
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#TVK followed the same in #BTC pair and made a high of 237 Satoshi, which is 16.3% in profits. I hope you're enjoying our free calls 🚀
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Here is the analysis of #OP:
The price is rejected from the resistance of the $3.00-$3.20 zone. The support is $2.40-$2.50 zone and a possible retest of this zone is coming. Wait for a new long position and place buy orders near the support zone. A daily candle close above $3.20 will push the price toward the $4.00 level.