BYND
This is setting up for a very nice break to the upside. This has a daily support of $157.8, we could dip one more time to $155 to complete the cup and handle pattern but this should see higher very soon to at least $165.
Hello, at the morning today, I comments on the publication of yesterday of the par AUD/JPY to buy Bitcoin and Ethereum, Just now, we are in profit!!!
So, we continue following the support trend line, it's a key that Bitcoin is still it.
In H4 timeframe the trend is bullish, but we need to be cautelous the $11,100 USD key, because that is a possible reversal of...
We can clearly see a C&H pattern for theta with the following characteristics:
-13-14 week cup
-Handle +1 week (16 days so far)
-U-shaped
Target according to this pattern: around $0.9-$1.0
Basically expecting a breakout and a good rally upwards. Buy only above 1155
However, Nifty will be facing a strong resistance this week which is why there "may be" a pull back.
If Nifty retraces and begins a fresh correction then keep an approp stop loss based on your risk appetite.
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I believe in keeping the chart simple with minimal...
Short Term Stock Option Buy ADANIPORTS SEP CE 390.00 @12-12.5 SL 7.20 TGT 23
1. Break out the first resistance 355 nest resistance is 395.
2. Above VWAP 373 if stays then we can see it gets closer to second resistance
3. CUP and HANDLE pattern is formed so its also supporting the upside.
4. TK cross over along with MACD cross over indicates the upside momentum.
Wait for the cup to cross. or a retrace after crossing too.
Broke out today with Volume and strong candle.
Wick is small in compared to body of candle.
100 Rs move possible being cup height.
Tomorrow will attempt to buy around 1345 for 1410 - 1420 as target
RSI and stochastic as per rules.
ATR is low
Watch for 1375 range being high for last 100 days
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- I hope you had an incredible week and its a time for the preparation, for the next week,.
- Bitcoin broke the daily resistance, is it coming back to retest or forming a cup and handle pattern, it also have a confluence of RSI divergence and MACD crossover shows...
Trilogy ready for new test of resistance coming out of cup and handle with surge to next fib retracement area. Look for breakout or retreat down before likely up.
Suddenly i remember the song "How long has this been going on"
For no reason.
Probably conviction in the pattern
Text book type.
And still some refuse to buy on breakout.
so i repeat "How long has this been going on"
Jokes apart expect a good 12$ move on this stock based on height only.
More shops getting open i expect stock to go up.
Rallis looking at a breakout above 307 for target height of triangle of Rd 35.
RSI is goof but would like stochastic to move up a little.
100 day high is around 324 so have to watch out that area.
ATR is low.
The previous Cup break out is still in progress.
