Notes:
* Strong up trend on all time frames
* Great earnings track record
* Basing for the pas ~9 months
* Moving higher from its launch pad with higher than average volume and another quarter of better than expected earnings
* It's also breaking out of an ascending triangle
Technicals:
Sector: Technology - Software - Infrastructure
Relative Strength vs....
* Good earnings in the recent quarters
* Strong up trend in the recent years
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 66.27
* Relative Strength vs. SP500: 15.88
* U/D Ratio: 1.21
* Distance from breakout buy point: 0.44%
* Volume 48.37% above its 15 day avg.
* Broke out of an ascending triangle and move ~32% higher from there before...
On the upper chart, we can see the daily timeframe where the price got rejections from the dynamic resistance and the weekly one on 3k.
The price is testing a daily support and the market is trying to hold it on 2560$
On the lower timeframe the price is going to retest the previous zone as new resistance, we could see a pullback on 2610-2640.
How to approach?
We...
Hi traders,
The Weekly Candles of Ethereum-Bitcoin (ETHBTC) is forming something similar to an ascending triangle. However, the price action is testing the support and it looks like it is in a hard spot right now. Good chance it bounces though, but the real question is, What will happen to the price when it does break one of these s/r lines?
Safe trading,
-Pulkanator
The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right?
However, my chat is that we should look at...
* Great earnings quarter over quarter
* Strong up trend
* Breaking out of an ascending triangle with higher than average volume
* This is the second time this is trying to breakout.
* Out performing the general market
Note:
Due to market volatility it's better to keep smaller targets.
Under normal circumstances this trade should give you a 54.14% ROI.
You can...
Ascending Triangle Indicates Breakout is imminent on 15 min chart. Set TP points before going to sleep, will likely happen in the middle of the night at this rate.
ZBRA :
Ascending triangle forming on Zbra.
To avoid fake breakout, wait for a move above 518 to enter a long position.
Potential move of usd 90 to the target zone mentioned on the chart.
Note that the pattern can fail if the overall market drops.
Trade safe.
Varun Beverages (VBL), a stock of FMCG sector has given a weekly closing above 800 for the first time after its split on 10th June 2021. The day high of '810' on Friday coincides with 38.2% golden ratio on Fib levels.
Above 811, it can easily give 1-2% targets in intraday.
A 15 minute candle closing above 810, ater 9.45 am can be a good buy for a swing trade too....
AES CORPORATION :
Text book ascending triangle .
Ascending triangle patterns usually occur in trends and acts as a continuation pattern. It's defined by a bullish trending move followed by two or more equal highs and a series of higher lows.
The pattern is complete when price breaks above the horizontal resistance area. The pattern is considered successful if...
- Ascending triangle pattern
- Breakout with huge Volumes
- Shakeout may give a better Risk reward ratio
- Average price for entry can be 2430 with stoploss of 2335
From its height of $94 in June of 2020, NKLA has certainly seen a beatdown since then. We've reached NKLA's original levels before the bull run. For NKLA today, $13 is a critical level of resistance. Let's rewind the clock again: we broke through $13 in April of 2020 and bounced off of the same level, which was when our NKLA rocket took off. The same level was...
NANOUSDT is making a ascending triangle in the 4h time frame. After the breakout and a possible re-test, it is good to open a long position. This is not a financial advice tho.
