On 6the May 2021, the stock saw a gap up opening, followed by a big bull candle, which further followed by sideways move same and next trading day, i.e today. Seeing this price action, if the price sustains 970 levels, it could head towards 1040 and 1080 levels in the very near term.
I am bullish on USD Fundamentally as they are recovering well from the pandemic I am bearish on CAD towards the American dollar as America has a stronger currency I see a consolidation zone in USDCAD from 2015 and we arrived at the bottom of it this month, my entry was a candlestick pattern that consists of 3 candle sticks 1st candlestick must be a...
When discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50. Right now there is a balancing act going on. Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings. Since then there has been a strong RSI14 development and is showing a strong yet not "overbought"...
Xmr looked like manage to breakout couple days ago with good volume. But it seems there is a strong short-term resistance above the cup formation and the price rejected back from that resistance line which is the white coloured line. Also volume decreased significantly after the rejection which is really not so good for an upward price movement. We simply needed...
In looking at the daily chart I'm leaning towards a final check of support into the upper $20s (PT's listed on chart) before regaining a steady uptrend. Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92. If it can regain demand above that...
Hello, Traders! After entering a bullish trend and the subsequent correction, LINK continues to consolidate in the trading range of $25.46 - $30.10 Buy entry can be sought in the $27.00 - $28.26 range Stop-loss can be placed under $24.60 Correctional Fibonacci levels would be the following: $30,78 $33,54 $37,05 Watch out for the market and good luck! ...
BTC continues to surprise us with the rise of price. Even though we could say that we had experienced such price movement back in 2013 it is still a long time ago and has surprised me at least. From a technical standpoint we could consolidate with BTC between 3.618 and 2.618 fib. extension level ($63300 and 46600) but could still correct deeper. In my opinion at...
Hi we are observing this crypto Token since last 100 days and we can see a long consolidation in the pair. if we observe the same pump in BTC soon we can see that the market dominance will distribute the funds to other sector too and Curve DAO token is also will get a good effect so we shall be having an eye on this token too please comment your ideas
We have bullish patterns in all the time frames but the only bad thing is that the price is trap between support and resistance. The price is consolidating, I would be waiting for the price to break one of this structure level for a possible entry.
We have two scenarios for CROUSDT. 1st of all if price will be able to breakout from resistance and we see possible pullback (bullish candle is good signal) then price will rise like you see (1.618 is strong zone for trend reverse and we have also another resistance here, so you can tp before price going to kiss them) 2nd scenario will happen if price won't be...
WHAT A MOMENT FOR TRXUSDT!!! For neutral term I just can say that : Price is on resistance zone and trying to breakout from this area. If price will be able to move ahead and breaking also, then who will be able to stop it ?! Stay tuned for it and keep it up!!!
Always waiting first for a breakout of the yellow zone, than a RETEST. Only then I may take position. Happy Trading! XD
A perfect scenario for this week trading setup on EURUSD will be a retracement back into the consolidation zone(grey box) and giving us a long shadow candle for us to engage for a shorting opportunity. It will be better if the trade stretch towards the harmonic patterns, in this case the bullish crab pattern that was a perfect buy zone as it is on the support...
Nice gap up from market open today, and right now the market hit the consolidation zone within the bat pattern. It's a great area for traders to consider for a shorting opportunity as a counter-trend trading trade.
Last week I've shared with you the sideway consolidation expansion and the details that you need to look out to engage the trade. Trade1 would give your 39pips of profit which is 390USD/lot traded. Trade2 would give you 49pips with just the 1st target which translate to 490USD/lot traded. The entire move to the maximum potential from trade2 gives you 112pips of...
On 16Dec, we have identified the ABCD pattern during our live session and right now, we have a Bearish Deep Gartley pattern that forms up within the consolidation zone of the ABCD pattern. No doubt, this is a counter-trend setup, it is a stronger setup then the week before as there is more indicator line up to support the pullback trade. The aggressive trader can...
BTC has been sitting in this consolidation range for the past few hours. The current price is directly in the middle of this zone with a short term bullish trend forming. I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again. This is a bullish scenario, and...