Looking to purchase Oil/energy equities, looks like USO has a slight negative bias and might break down from ascending wedge. Looking to purchase more oil/energy on a dip. I can see 43-44 on a correction. 100 EMA near 44 should cap losses, unless we have a news catalyst. Exxon and other energy names have moved up hard over the last few weeks, might be time for a...
Cosmos is a network comprised of many independent blockchains, all of which use byzantine fault tolerant (BFT) consensus algorithms. Cosmos enables developers to build both permissionless and permissioned blockchains. The network launched with the release of its first blockchain, the Cosmos Hub, in 2019. -Looking for ATOM to have a nice run into 2021... -Crypto...
Since the peak in September, 12400 resistance has held, but an ascending wedge is forming. Either 12400 resistance breaks before may 2021, or we are going to have to see some correction, quite possibly a big one, around that time. Up until then, expect a narrowing range on this index, where a significant (and followed through) break of either of these two lines,...
After the gap up opening tonight, S&P500 displays a cautious but noticeable uptrend in a broadening range. Expect slowly increasing volatility, but with proper entry and exit points, this does provide an opportunity to make profits both on the way up and on the way down.
Still positive on a further upward leg on BTC
currently, we are seeing price playing inside an ascending broadening wedge pattern and respected the trendline resistance well, personally, in this case, I will wait for top formation formed on the lower timeframe before placing any sell order **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the...
The S&P 500 is forming a rising channel or ascending channel marked by two blue parallel uptrend lines. Most stocks typically continue to channel until either trend line is broken. An upside break is a signal that buying intensity has increased, while a downside break indicates an end to the short-term uptrend. On the RSI there's a noticeable divergence,...
Another quick analysis, this time on the BTC pair for QNT. Looks like October is going to be an exciting month!
Plan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...
I believe price is attempting a lower high to stay in line with the current daily downtrend. A pinbar has formed at the top of the most recent pullback, leading me to believe a downside push could be in the wings. Price has also created an ascending wedge that would need to broken to further confirm a downside push.
AAPL has formed an Ascending Broadening Wedge on the daily that we are currently backtesting the underside of as resistance that should take us back down to the lower $300s
Not Financial advice, heck look at my armatures chart. GHSI ascending wedge is squeezing up. With some due PR as a catalyst I can see this taking off to minimum past resistance. I try to keep it simple, trading is just a hobby for me.
Hello traders, Context XLMUSD has been consolidating gains for about two and a half weeks since the local high set on June 4th. Now, XLMUSD seems to be on the verge of breaking out of the downtrend that has constricted price action since the local high. An inverse head and shoulders pattern may also be forming on the daily chart that could help propel XLM to...
$SPY $SPX $AAPL $QQQ -- $TTD looks like its going to reverse soon so i opened a starter position -- july puts.
While overall trend is still bullish, the S&P500, shown here by the ES!1 futures, had overextended, and stalled with an inside candle at the breakout of the (adjusted) Broadening Wedge. Any lower close would mean a break back down into the rising wedge. The S&P500 has stalled at the earlier drawn Final resistance level as well. MACD is still bullish, but...