theeonlydave
@t_theeonlydave
What symbols does the trader recommend buying?
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theeonlydave
Gold has created a left shoulder,head and is on the verge of forming the right shoulder so that it can then move upwards.The two arrows denote the shoulders. It is better to take a buy now and have a smaller stop loss than to wait for it to move upwards and join with a huge stop loss.
theeonlydave
There are two approaches that one can use:- first one is to wait for a break out and enter after observing on the 30m time frame in order not to suffer from jumping in too early.- The other is to wait for price to move and retest which will have you have a slitely smaller stop loss than when you go in with the first approach.
theeonlydave
Price initially starts with an irregular W formation and then transforms to give a consolidation that form a right shoulder to change the overal structure into an inverse head and shoulders.If you are an aggressive trader, you can buy now and set your Stop Loss slightly lower 3200 and your Take Profit at 3425.But,if you are a Conservative trader, you can wait for a breakout above the top horizontal black line but your stop loss will be much larger.
theeonlydave
Xrp has a structure of a head and shoulders(H&S), with the second leg developing after breakout and retest.Meaning it will drop all the way to 0.5098
theeonlydave
Trump/Usd as formed a W or double bottom structure which will move from 13.27 all the way to the TP at 16.92
theeonlydave
Trump Coin displays a bullish pattern which if timed well at $12.85, one can either enter your trade at that point or wait to see whether it will move downwards to touch the bottom of the support at $10.48 and then enter.TP obviously at $75.95 but, its all depends on the trader.
theeonlydave
There is a possible H&S forming and if it does complete its structure the price of Solana would be low.
theeonlydave
Looking at market structure and the various patterns given,we are currently in a M formation that needs to complete its second leg.
theeonlydave
Pattern X and Pattern Y bear similarities and should play out the same way.
theeonlydave
Once price has push through the zone denoted in yellow,past the upper diagonal resistance trendline forming the ascending flag and provide a retest at around 2080.47 then one can take a buy all the way to 2146.66.
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.