Formation of Bearish Bat in process
Support from Ascending trendline (Point C of Bearish Bat Pattern)
Entry now with TP at every identified fib level
Trail your stop loss accordingly
EURUSD has formed a head and shoulder reversal pattern with rsi displaying bearish divergence.
The price has also broken the ascending trendline suggesting a drop is about to happen.
If the price consolidates below the resistance level we can open short orders with targets at 1.0547 and 1.0456.
It's time guys! We have a clear picture for at least next 20%...if the price moves down from this trend that means 42k...
If it retraces from third bottom and moves out of top side of trend then 53k...
So, wait or set up a limit long and short... :p
Not a financial advice, just my opinion...
BOLT retested this ascending trendline that supporting it since July-Aug. Wants to break out from this "small" descending channel that was road down for almost a full month. Last time this trendline was tested 3 times, so we could expect similar action here. If we lose this trendline as support and that horizontal support level at 0,0063, we could expect more...
Hello my friends,
In has been long since my last trade opportunity for XAUUSD
After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.
Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic.
We might see price bounce from this support to retest...
Welcome traders,
Let's start with the Weekly chart to see where we are right now
As we can see price has broken a major descending trendline With an inverse H&S pattern and has made a correction.
Daily TF
Another inverse H&S pattern shows a nice neckline break and a correction
Now down to the 4H chart and we can see the price is rising supported with...
LITECOIN change its trend after a long short trend and now it is in a strong ascending channel. its look that LITECOIN wants to rest and become range after a spike. then it continue the trend and goes up till higher target (148.00) .
BTCUSDT after the break of the bull flag is now testing the resistance at the previous ATH.
The price is moving over an ascending trendline and according to Plancton's strategy if the market will break above we can set a nice long order opportunity.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
Update...We had some nice upwards momentum recently but we have retraced. We now have a perfect confluence of re - tests to support, trend line & breakout. Providing the ascending trend line holds and we get above the 180EMA then ATOM is again looking very good. However, if it should break the trend line then the Fibonacci retracement levels & the levels of...
PLATINUM on the 4h chart is testing the 1220 resistance.
The price is moving over an ascending trendline and recently broke above the descending trendlone.
According to Plancton's strategy if the market will break above we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
Whether GRPN goes on to have it's best year, worst year, or just hovers around expectations, $48-$49 confirms path for all of these results.
First - Just some fundamentals that match up with technicals:
-Currently, the market is factoring in an upcoming earnings EPS equal to pre-covid (November 2019) numbers of roughly -$0.60.
-The yearly EPS for 2019 was...
I buy silver, not much to be honest. A few ounces here and there. But, I prefer crypto which is why I am taking the chance to sell some silver now. I think it is better invested in some quality DeFi projects. I want to add to Alpha & Rune positions.
The chart: Silver has been in an uptrend since March 2020. Culminating in an ascending triangle pattern. It looks...
