My first prediction failed, but the bigger ascending triangle seems to work.
Although there was a bearish breakout, the price came back in the triangle and broke the support zone. Bullish!!!
Maybe the bullish Bitcoin movement helped a bit ;)
My next target is 0.29500 USD. The 0.30000 USD could be a hughe psychological resistance.
Caution when the support area...
#Ravencoin has been retracing for a long time now, a move up seems to be coming!
Since it broke out already and it's on big descending channel support, that looks like a good buy zone.
Current Price= 0.00000115
Buy Entry= 0.00000116 - 0.00000110
Take Profit= 0.00000128 | 0.00000144 | 0.00000162
Stop Loss= 0.00000098
Risk/Reward= 1:1 | 1:2.07 | 1:3.27
#Waves is looking bullish again after that pullback to broken trendline, let's give it a new try!
Current Price= 2.4674
Sell Entry= 2.4700 - 2.4146
Take Profit= 2.5632 | 2.6910 | 2.8840
Stop Loss= 2.3214
Risk/Reward= 1:1 | 1:2.06 | 1:3.65
Expected Profit= +9.90% | +20.36% | +36.18%
Possible Loss= -9.90%
Fib. Retracement= 0.5 | 0.618 | 0.786
Weekly candle has broken out of an old pitchfork channel I had on GBPUSD.. Acknowledging the likelyhood of a retest of support/resistance, I'd say it's a great set up for me.
Low volume nodes make excellent targets.
~180 pips for grabs here, if we tap the target low volume node area.
The monthly double bottom pattern on the TOTAL2(Alt Market) has finally gotten it's first monthly close above the neckline. There are 2 possible necklines here a descending one(notated by a dotted yellow line) and a horizontal one (orange yellow). Both price targets for a breakout from each neckline are listed. Not quite sure which one is more legit but we are now...
VeChain is looking bullish again and I'm expecting it to keep going up.
We enter the trade just in time, now it already left Buy zone so you could wait for it to add more or enter now if you missed out.
Current Price= 0.017973
Buy Entry= 0.017800 - 0.017290
Take Profit= 0.018745 | 0.019688 | 0.021085
Stop Loss= 0.016345
Risk/Reward= 1:1 | 1:1.79 |...
$NIU is breaking out of a beautiful classic pennant on daily chart
Yesterday the 5EMA crossed up the 10EMA
Price trades above all major MAs, RSI at 61 with plenty of room, MACD ready to cross into positive area
Also notice the volume in the past sessions above the 20MA AvgVol
They tried to push it back today after the open, retested the 20EMA and we are looking at...
We may come back down and retest the top trendline of the symmetrical triangle before takeoff but to me this looks like probability will favor and validate this pattern breakout. Being a monthly chart it may take several months to reach the breakout target but based on this simple macro pattern we are likely in for a very bullish 2021. Of course we are only just...
If you keep missing out with Ethereum, you'd better do something about it!
This is another clear break-out to me and it could go for a new local high.
Current Price= 407.59
Buy Entry= 407.60 - 396.00
Take Profit= 433.15 | 469.65 | 497.47
Stop Loss= 375.74
Risk/Reward= 1:1.2 | 1:2.6 | 1:3.67
Expected Profit= +25.96% | +67.56% | +95.24%
Two simple patterns are all that's needed to be focused on right now on the weekly chart as we can see the weekly bull flag in yellow has clearly confirmed its breakout and we should see it reach it's breakout target of 14.4k! Also, by the bull flag reaching its target this should also fully validate and confirm this weekly inverse head and shoulders pattern I've...
$ENPH has a beautiful cup&handle pattern from where it has tried several times to breakout
MACD looks very good crossing up and turning positive, RSI is at 69 but this stock has a history of melting up in overbought area
Company had ER yesterday , beating the expectations and the move up was on 2.5 times more than the 20MA VolAvg
Also worth noticing the 20EMA...
Looking at the weekly chart here we can see the XRPETH chart is reaching the apex of a falling wedge its been in for quite some time. Should this see a bullish breakout upward we could see XRP make 130-140% gains against ethereum based on the measured move for the wedge. This pair's chart can be harder to predict than normal usd, btc, or tether paired charts but...
we can see Xrp has finaally broken above this white ascending trendline that has been acting as super strong resistance for quite some time now and has done so with authority. The next notable resistance is a horizontal resistance line at .357 (in turquoise). My take profit target for this breakout is just below that at .342. We can see XRP's golden cross is...
$MIME has been trading inside a classic ascending triangle since early May and has broken decisively yesterday on almost double 20MA VolAvg
RSI at 65 and MACD in positive area, both with plenty of room to run before overbought condition are met
Stock trading above all 3 major MAs
Measured move target is around 51.48
$CL is breaking out of a month long ascending triangle pattern on volume bigger than the 20MA AvgVol
Notice RSI is breaking out also above 60 and MACD is about to go positive. Both with plenty of room before overbought condition.
Company reports earnings Friday, 31st on July BMO, so it could be a classic ramp up before ER
Measured target from the technical...