VSTM has been trending up for quite some time now. We can see a beautiful ascending triangle has formed and two tops have been made. VSTM has recently beaten earnings however, it only has a zacks rank of 3 (hold) so I wont be holding this for too long. The MACD is also trending downwards but it can reverse if it continues the move to the upside. Volume has also...
ETH as most altcoins is heavily influenced by BTC, so everything here has to be taken with a grain of salt because if BTC moves, much of it could be moot.
Still, there is a clear symmetrical triangle on 4h here, which is also itself part of a bigger Ascending triangle on the same timeframe. It has been trying to break down over the past 12 hours and has been most...
It looks like an ascending triangle pattern. I'm 65 % up and 35 % down in my mindset now. But BTC 2.74% haven't done some big move for a long time so we can expect something.
ALDR was recently upgraded by zacks to a rank of 2 (buy). ALDR is in the healthcare sector which has been doing well over the past 6 months. It is currently making a nice move up with higher highs and higher lows ( Ascending triangle). There may be a couple more days of consolidation so I will wait for a bullish confirmation with some strong volume to support the...
Short-term
Ascending triangle - waiting for breakout
- Hard capped at $6,600 w/ bears in control
- Finding support at 61.8% fib level ~$6,350
- Expect sideways action between $6,350-$6,600
- A break above $6,650 would put the bulls back in
the driver's seat
The action in Bitcoin (the past couple of days have been choppy to say the least. Are we gonna break up or down?
Looking at the overall pattern on a smaller timeframe, we can see that we have clear resistance levels to break to the upside, while there is steady accumulation from the bottom.
What does this mean?
Typical for ascending triangle patterns, they...
On the 45 min timeframe BTC is forming an ascending triangle. Let's see if it bounces within the triangle. Will it break bearish or bullish? Have a plan for both my gang.
***A 100% drop playing out throughout the rest of the year is still very possible. If you ask me though the bullish risk to reward on the long term is mind blowing. We are in buying territory...
I think XRPBTC is going to stay bullish, and it'll play out with a sporadic combination of cup and handle and ascending triangle fractals. This is a rough estimate, but end game is going to be about 20% gain if you buy at the bottom of the handle. Always have a plan for the bearish scenario. The bear is very real. He is strong and still on the prowl ready for...
What is going to happen!? Bullish or breakish breakout? Slow accumulation into a cup and handle pattern? Ascending Triangle? Bruh... Always have a plan because nobody knows. Stop loss bihhh.
***A 100% drop playing out throughout the rest of the year is still very possible. If you ask me though the bullish risk to reward on the long term is mind blowing. We are...
Ascending triangle with similar tops and higher bottoms. Wait until it is broken to the upside or downside. Such triangles can be bullish (usually) or bearish, so one needs to wait for breakout for a better entry. With recent events around Musk and still a poor balance sheet, I feel that the resistance around $390 has become too strong and Tesla stock will tank in...
We have been looking at BITMEX:BCHU18 downtrend and on the denoted blue square we can see a daily downtrend line broken and used as support. The best long opportunity would've have been the re-test on 16 August 0900 Eastern Standard Time. BITMEX:BCHU18 just started an uptrend and volume is picking up on the whole cryptocurrency market. We believe that a break of...
The GBP/JPY pair is in a strong downtrend in longer timeframes.
The bulls tried to put on a show but was bogged by a head and shoulder and then they tried to resilient effort to revamp a buy trend but the neckline of head shoulder is acting a strong resistance.
But, an ascending triangle is in the making just below the neckline. The breakout either above or...
See chart. Minor retracement with clear wedge formation- ascending triangle before a further break down. Not enough bulls to fill Friday's gap.
Im not an advisor this is not advice, just fun education post, good luck!
Doubtful SPX 0.32% can fill Friday's gap. Curving over now after a tiny subminuette 5 wave reactive bull impulse.
Expect lower by day's end and a break sometime this week.
I'm not an investement advisor this post is for education only, good luck!
