🎅🎅 Hi cryptoTraders, 🎅🎅
✔️ As you can see, BAX breakout the falling wedge bullish, and then can go x100 profits in long run.
📌My entry point: 📌
0.0000000009 - 0.0000000010
💰 My targets: 💰
👑👑BTC, the king of crypto...
BAX did an explosive moon recently from 31 SAT all the way up to 557 sat an incredible 18x, and I think pump number two is coming very soon.
Volume dropped greatly and an initial pump has come with rising bullish volume.
I expect the previous fractal to repeat itself.
I think we are going in to big old multibag J curve currently and the bullishness of the last...
BAX gapped down after a poor earnings announcement & has been trying to bottom since. The stock is still oversold but is trying to find some strength. It won't take much to bump into gap resistance but if it can get passed that it can get back to the $87 range.
BAX is approaching our first support at 70.38 (horizontal overlap support, 23.6% fiboancci retracement, 61.8% fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.33 (76.4% fibonacci retracement).
RSI (89,5,3) is also seeing a bullish exit where we might see a corresponding rise in price.
BAX is approaching our first resistance at 70.14 (horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 61.09 (horizontal swing low support, 38.2% fibonacci retracement).
RSI (55) is also approaching resistance where we might see a...
BAX is approaching support at 64.20 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 67.52 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching it support and a bullish divergence with price has been identified.
BAX is approaching its resistance at 69.27(61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 64.70 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
BAX reversed off its resistance at 70.14 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where price could fall further to its support at 64.90 (61.8% Fibonacci retracement).
Stochastic is pproaching its resistance at 97% where a corresponding drop could occur.
BAX announces earnings tomorrow BMO est .71. Last earnings were incredible, and this one should be better as Hurricane Maria's damages have already been paid for. Strong expansion into foreign countries/continents such as India, Eastern Europe, and Africa.
MACD: Daily crossing showing strong bullish momentum before earnings. Already crossed and in an uptrend on...
BAX seems breaking down from an upward channel. It had some recent insider selling in big quantities. It just broken down below 200 days moving average. We think it has good downside potential.
To Play this we could consider may $62.50 Puts. ($1.20 currently)
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- Inverse Bump & Run continuation....
Purchase of shares after the rebound from the support level and 200MA, which tells us about the upward trend. At the moment, almost the whole market draws the same picture, it's a pennant. It can be assumed that the market will continue to grow, based on data on the growth of long-term investments in the market and the reduction of short positions.