Tesla has been one of the most controversial stocks over the last few years. In 2018 $tsla was the most shorted stock in the entire market. If we look at the technicals we can see that Tesla has been respecting a trend line dating back to early 2016, has been tested 3 times since, and has not closed below on a weekly level. This week will be very interesting, but...
WAVES have couple patterns playing and we need to see which one will play although we're inclined for continuation of uptrend.
There's a big symmetrical triangle which is main one and we did ABCDE completion inside, now we should have a leg up to 13278 SATS (not so fast)!
This symmetrical triangle is crossing with a descending triangle thus we need to be careful...
ETH is currently trending along a upward sloping trend line. It could be an area for the price to bounce of. In addition, the RSI is bouncing off the 40 RSI support level that has been held for 11 days.
The $151 to $155 is a key resistance level to watch as it the price has been rejected multiple times in the past. If it breaks that area, a key area to watch is...
What will it be? "Bulls take the stairs up, Bears take the Window down". Two ideas that I think are in play, especially with much rejection coming from the Daily SMA 50.
Firstly, SMA 50 and 100 are soon to meet, and possibly one tough hombre to cross. That, coupled with a minor Round Top could spell a setup price down to POC @ $120 ($115 on other Exchanges), or...
After a spike from the lower levels, NZD/USD is currently in an ascending triangle pattern.
It suggests the strength of the trend. Hence we expect the pair to move to the resistance at 0.69385.
However, we recommend traders to take positions only after the bullish breakout ensues.
Stochastic bearish divergence is showing a clear reversal on the current bullish trend. There is an an ascending triangle clearly showing and the price will very probably hit the 0.98500 mark, supported by the bullish trend line, by march 19th before it rises again to the level above 1.00416.
I have been doing some technical analysis of the NZD/USD Pair and I could clearly see this Ascending Triangle formation occuring. The yellow resistance line is a dynamic monthly area & the blue trend line is a weekly area. I will be keeping a close eye on this pair in the coming week to see if these areas carry on being respected as price gets squeezed.
Same situation as for LINK; Trying to break out of ascending triangle with retest of 0.236 resistance with a possible 50% break-out to the 0.382 Fib level around 16k sats. Important to note that it is trading on a year+ supportline that is very unlikely to break + the fundamentals are good.
USDCAD ascending triangle on 4H timeframe.
+ Textbook ascending triangle
+ watchout for 'fakeouts'
+ Previous pattern TP1 reached.
+ Stop loss is your friend.
+ Take profit depends on your risk appetite.