Price target for BIDU is $147.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
ETH is just doing a simple retracement b/w the .382 and .5 Fib retracements zones.
Next PTs for ETH using the 4 hour swing low and swing high points are as follows.
PT1: $3,177
PT2: $3,740
Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho.
Bonus...
BTC is ranging b/w fib retracement zones - very typical in a big drop like this, but don't get caught in the FUD as eventually BTC will turn and make headway toward the fib extension zones in a pattern that I've drawn in orange.
PT1: $49k
PT2: $57K
BIDAO (BID) has just posted a Hash Ribbons Buy signal (along with several early bird altcoins like COMP and LINK)... the last time BID posted this signal, it rose >250%.... combining the fact that it printed this buy signal inside a Bull Flag should compound the return most likely above my price target over the next 35 days - but let's see how this plays out....
This is a project that I don't like too much as the team rarely releases information but from a TA perspective it is moving. Do not buy yet though, do wait for a retest of the upper flag line if you are going to buy... but again I heavily caution this project as the team rarely releases updates and pretty much disappeared - it is led by a kid programming protégé...
This is a project that has strong potential if they can coordinate properly with a PR team. The CEO is Basti Agner, a programming kid prodigy sort of akin to Steven Jobs or Bill Gates... the only problem is that the project has been extremely silent the last few months.
However, they do have great partnerships and it does appear they are still working on the...
If you're looking for a good point of entry for Bidao this is in my opinion a good zone to buy.
Timings on the chart could vary a lot, they are just key areas based on previous price movement and volumes.
Not investment advice just interested in your thoughts. Let me know what you think.
What is Inverse Head And Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price...
