Raja Pro Trader

Most of the top coins are seeing losses, with percentages fluctuating slightly across different data sources:
Bitcoin (BTC): Trading around $108,000 - $110,000, with a decrease of approximately -2.00\% to -2.60\%.Ethereum (ETH): Trading around $3,900 - $3,930, with a decrease of approximately -2.20\% to -2.50\%.BNB (BNB): Trading around $1,145 - $1,150, with a decrease of approximately -2.60\% to -3.20\%.Solana (SOL): Trading around $185 - $187, with a noticeable decrease of approximately -3.80\% to -5.20\%.XRP (XRP): Trading around $2.33 - $2.35, with a decrease of approximately -2.50\% to -3.80\%.Stablecoins (USDT, USDC): Remain pegged to $1.00, as expected, with minimal percentage fluctuations.
Notable Price Movements (24-Hour Change):
Highest Drops (Among Larger Market Cap Coins):
Zcash (ZEC): Showing a significant drop, around -7.3\% to -9.65\%.Aave (AAVE): Showing a significant drop, around -7.3\% to -7.9\%.Bittensor (TAO): Showing a large drop, around -6.9\% to -7.8\%.Cronos (CRO): Showing a large drop, around -6.7\% to -7.3\%.Sui (SUI): Experiencing a notable drop, around -5.4\% to -6.9\%.Highest Gains (Among Reported Top Movers/Smaller Market Cap Coins):ZORA: Reported a substantial gain of +28.07\%.MERL: Reported a significant gain of +25.28\%.ChainOpera AI: Reported a large gain of +23.36\% (Note: Price in Indian Rupees). PAX Gold ($PAXG ): Reported a gain of around +3.71\%.

Three Line Price Break (3LPB) charts define the underlying trend and are considered as an adjunct to the candlestick charts. 3LPB charts display a series of vertical boxes or candles that are based on price changes. The 3LPB method entirely dispenses with the recording of the volume sales and time data on the X-Axis. The other major charting techniques like Point & Figure, Kagi and Renko charts also ignore the passage of time and volume.
The 3LPB are always constructed based on closing prices. A basic understanding of 3LPB is when there are three white successive candles, the major trend is up, and when there are three successive black candles, the major trend is down. The major reversal signals (based on the 3LPB technique) are given when the shift lines, white to black or black to white are formed.
After forming a confirmed trend of 3 white candles or 3 black candles, the reversal is only triggered if the current price is traded below the lowest of all prior three candles in case of a bullish trend reversal, or if the current price is traded above the highest of all prior three candles in case of the bearish reversal.
Trading with 3LPB
The 3LPB charts below show major trend changes. A trend change confirmation is made when a reversal bar is formed. However, a trend confirmation bar could be late and a significant move to the upside or downside may have already happened. A solution for this problem could be an intra-day trading signal for confirmation of the trend. The 3LPB charts also use other indicators and pattern formations to indicate price trends. The best trade signals are generated when the market reverses near the key support and resistance levels.
Trading 3LPB Charts
The chart above shows an example of a 3LPB pattern from the Russell 2000 E-Mini oneminute chart. Candle A shows a Three Line Price Break reversal to the upside from the previous trend as the price closed above the high of the three candles. A "long" entry is placed at 83 1 level. A stop order is placed at the low of this breakout candle at 830. Targets are either taken with a reversal candle or at a pre-set target limit. One of the best techniques to place a target is to take the length of the reversal bar and use 2 times the length of the bar as the target. At candle B, a 3-Bar reversal candle is formed to enter a "short" position below the low of candle B. A "stop" order is placed above the high of Candle B. A target of twice the length of the candle is placed below the entry level.
Trading 3LPB with Triangle Formation
The chart above shows a Three Line Price Break chart from the Russell Emini one-minute chart. The chart shows an ascending triangle pattern formation as the upper trend line was tested three times. The price closing outside the upper trend line signals a potential long trade.
1. Enter a "long" trade above the high of the breakout bar.
2. Place a "stop" order below the low of the breakout candle.
3. In an "Ascending triangle" pattern trade setup, the depth of the triangle is added to the breakout level for a target.
$XRP $SOL $BONK

Japanese rice traders invented Candlestick charting methods in the 1600's. "Candlesticks" show a visual representation of traders' emotions; where as "bar" charts or "western" charts emphasize a focused approach on closing prices. Candlestick charts have a real-body (Open to Close) and shadows (Upper, Lower) showing intra-bar price relations between the key price values. In Candlestick charts, if a price closes higher than the open price then the Candlestick would be plotted Green suggesting bullish, and if the price closes lower than the open, the Candlestick would be Red, suggesting a bearish condition. The market sentiment is measured by the "real-body" length and its color. The bigger the real-body the bigger the sentiment and the smaller the real-body the smaller the sentiment which conveys indecision.
Candlestick charts offer a unique advantage over bar charts or line charts since they offer an excellent visual representation of the relationships with prior Candlestick bars. This indicates supply and demand along with the support and resistance levels, and possible trade decision opportunities for trend continuation or reversals.
Candlestick charts offer a simple way to show market movements and present outstanding trading opportunities. There are about 30-40 Candlestick patterns, continuation and reversals, which are helpful in trading. However, these patterns need to be clearly understood and mastered for successful trading purposes. The theory behind Candlestick charting method is not infallible. All patterns have clear confirmation theories and trading rules. The charts demand a full understanding of knowledge of pattern formations for successful trading.
There are many books written on Candlestick patterns and theories. Below are a few examples of trading Candlestick patterns.

#Courses: #candlestick_patterns #candlestick