Since okex withdraw is blocked yesterday, Bitcoin drop sharply almost 200 dollars in 1h. but this kind of negative new doesn't affect too much to Bitcoin, the price has come back to 113xx when the day closed yesterday(still in the box), which will be a bullish sign for the long term market.
I expect the break out of the box will happen before week closed, since...
Broke out of box.
First possible target 1550 range as marked by line.
Stochastic and RSi are as per rules.
ATR is still low.
Also closed just above last 100 day price range.
May explode this week.
Larger green candle with volume break out.
Stock above 9 EMA
Just waiting to clear the box.
But need to watch 338 - 340 levels .
Last couple of years seen resistance in that area.
SO a breakout above 324.8 for 335 area should be possible.
RSI and Stochastic are with rules.
Cameco consolidating, potential box-breakout, jump above $11.10 is a buy...
Meanwhile, commodities across the board are bid, CPI surprised to the upside today in the US, crude oil CL2 is right on key resistance as well.
Last week we were watching for a breakout higher .
Whilst price did roll out higher, there was very minimal follow through and no explosion that may have been expected.
The resistance level that price has just broken through will be an interesting watch this week. With such a little breakout it will be key to see if this level holds as a new support or if...
Team breaking out of box and 185 levels.
I will enter above 189 keeping 180 as SL for a target 210-214 levels
It has taken support at 50EMA.
Being within channel it could also be held until channel low is broken. But i am not much fan for holding a long time.
As you can see, the FX:EURUSD is stuck in a box since few weeks.
The best scenario to buy the pair for a LONGTERM Bullish trend will be if the price get out of the box crossing our favorite 200 EMA line. It will be a big signal for long position .
For the moment, we dont know if the price can go lower or if buyers will push it to the top of...
Pure technically this pair is plotting opportunity for box trade - nice break above the box, pullback to its upper area and then shoot up again.
But there's always a but. USD PMI on Monday and RBA rates on Wednesday can spoil this nice picture.
Put on radar and if there will be time to monitor it closely, execute trade(s).
Disclaimer: this idea is solely for my...
ETSY has been consolidating within a standard box pattern for the past several weeks, and has broken out of its initial trend line resistance, ready to test the upper region of the box at 73.50-74. Whether or not it breaks from there remains to be seen, but a test of 74 would yield 3+ points per share. Not a bad return.
Pure Technical Projection.
Box Pattern, which in this case should break to the downside. This is a short 75%.
Also, price is in the vertice of a symmetrical triangle, so the breakout may be fast and strong.
The trade was placed after the formation of the highlighted candle, just below its minimum and the stop loss is at its maximum.
I would advise you to do a partial buy at the first major resistance and than hold it till it reaches the second major resistance where we will buy the rest.