Hy traders!
Happy start of the weekend!
If you're new in the game, check out my previous analysis .. BTC Swingtade bulls defend 50k and BTC Swingtrade Part II bulls attack !!
Just a correction or on the way to new ATH!
As we can see, the channel in the bearish rising wedge works perfectly and we reached our target to the point.
For a new long entry we...
Overall, accumulate ETH on the red trend line for core position/bag. Ideally when ETHBTC pairing is under 0.033.
Take profits from leveraged trading positions of ETH in green box
at the top of the ascending white channel.
Expect it to be choppy in the green box in 7-10 days.
I'm overall bullish on ETH, but especially bullish after the recent inverted...
You can see from the Daily chart going back to last Feb 2020 that all the Highs and Lows have been supported exactly when they touched RSI channel. To me this is buy-time but please do your own research. This is for my own personal trading. Covered my shorts yesteray and switched to long until the chart tells me otherwise. Comments welcome.
It appears that there is at least 15% more downside to EDV before a possible trend reversal. I have two separate channels made up. If support fails EDV may find it self within the lower channel. The long term economic picture still seems to be uncertain. With more clarity coming with time. A bounce or failure at the long term support could very well happen within...
AAPL reported strong earnings in late January, but fell precipitously after. Earlier this month, it broke out of an upward channel, but bounced back off a support at 127. Given no fundamental cause for the drop, and a failure to break past the 127 support, a return back to the 137 resistance is distinctly possible. Should AAPL break past the 127 support on the...
AMD has been trading in a downward channel since the beginning of this year, with a small break above the channel earlier this month. It is currently trading at a support line that has been tested several times since mid-December 2020, at the top of the current channel. Looking toward the next week or two, AMD could continue the channel pattern down into the low...
Price has been respecting this channel for many days and today we have seen that it has rejected the 50EMA. Expect an uptrend at least to 1910!
Don't just copy trades. Trade wisely.
According to three important factors The Fibonacci ratio, the falling of the channel roof and the recent positive US economic news in the GBPUSD chart are waiting for the correction trend to continue towards 1.3680 to 1.3635.
The price can reach the top again after touching these numbers and the price is 1.3880.
The stop loss of this position can be 1.3560.
good luck
Palantir is continuing it's climb to $60, with massive catalysts and interest in this stock, i can see it getting close to this price by the end of March or sooner.
PSNL with textbook ascending channel.
Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line.
Enter trade around $40 looking for a move back back up.
Analysts: Predict $44
Warning: Run a tight stop-loss insider sale @ $38.67 Feb 3rd.
Extra info:...
USD is strong recently and It's clear on the 1D time frame () that price action has broke the 200 EMA and going bullish. You can wait for confirmation for retest on the moving average before taking the trade.
Using Fibonacci I see that it's good to go long at 50% level where there's a support forming. Take profits are divided into two...
price is moving in a 3-day channel, As you can see price Reacted well to channel trend lines, in my idea Minus market conditions its bullish because of retrace fibo 61% and channel trend line and blue zone that They play a supportive role.
Coming off of support of the channel line and testing that upper resistance line. The apex of the ascending triangle is close. Further, volume picked up yesterday and RSI curling from bull zone to breakout zone. Heavy eyes on this one!!!
