NYSE:URI daily looks like a good buy. After a perfect double bottom it has now broken the top trendline and the 5 EMA has crossed above the 20 EMA.
A Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should...
On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the...
Taking a LONG here with low margin and leverage because the market is so uncertain now due to the Ukraine-Russia issue.
Long term up trend was broken @ 24,295 Grabbed support @ 29.2k then bounced to ATH's Sort of looks like a double bottom currently on this new trend line that was once resistance and broken @ 19.7k. Double bottom (Eve & Adam which is a higher low DB) isn't yet confirmed, will need to close green above 45.8k on the weekly. If confirmed the completed db pattern will...
BTCUSD has reached a major key area on the 1D Chart. Given the uncertainty in fiat, and how much it was impacted after the Russia-Ukraine crisis, it looks like the market has reached a deciding point on whether BTCUSD should continue the up trend. While countries are trying to regulate cryptocurrency, the core idea still lies in its blockchain technology and...
A good trading friend of mine asked for a fresh set of eyes on $OPEN. I figured I would share here. I don't like the impersonal style of this company. When people sell a home- they want a personal relationship with their realtor. Anyone with their chops would tell you it's best to expose the house to the market and let a bidding war take place. This model is...
Hi Everyone! There is a potential long in play on the 1H timeframe for the EURGBP pair. We are currently keeping our eyes on the current candle to see what it does for confirmation of a valid setup. If the current closes below our zone the trade will be invalid. If the candle closes above the zone it increases the odds that we will move up to our target zone...
Hey Traders, As you can see on the Daily Chart of Bitcoin, the price action has formed a price target that gives us a target of $65,000! I think this will break out soon... Safe trading, -Pulkanator
Anchored at A: 24 Jan, B: 10 Feb and C: 24 Feb's pivots. After forming a double bottom at point C, 28 Feb's bullish engulfing closed above the median line, so I marked the 50% level between point B + C to mark the validity level of my trading idea. I am anticipating a push into the 3.4k area mid march before seeing a minor retracement back down to around 3k...
The price created a double bottom on the daily timeframe on 20$ and got a rejection from the 0.618 Fibonacci level on 24.76$ on the 4H timeframe, the price is creating the higher high and higher low, and now the wants to confirm the previous resistance as new support on 24$. How to approach? We are monitoring the price action, and we are waiting for a bounce on...
We have a Double Bottom at the 800 Day Simple Moving Average and at the PCZ of a Bullish ABCD and are trying to break free from a Downtrend we've been in for the last several weeks if all goes as expected we will rally towards the 200 Day Simple Moving Average up near $2,220
Ethereum is ripe for a pullback on the 2hr timeframe per completion of a bullish inverse head and shoulders pattern. I would be a strong buyer at 2380 if RSI/ MFI support holds but generally I don't believe the ultimate bottom is in until new lows are not made for over a month or so.
We have Bullish Divergence on both the RSI and MACD with a Double Bottom at the 200 day Simple Moving Average inside a Falling Wedge.
According to previous analyzes, we have progressed, but the double bottom pattern is formed, and a downward trend line is broken and the pullback is done properly, and now it is time to touch the price from 48000 to 51000
Please support my work by clicking the LIKE button (If you liked). Also, I will appreciate for ur activity. Thank you! Last week, I was saying buy when everyone is fearful and sell when everyone is greedy! I also mention the war was a good thing for BTC and we can get a lot of volatility from it. Then I said it will be a bumpy ride, and let me tell you it was...
Monthly timeframe seems to be forming a symmetrical triangle with PA resting just above the 200 EMA. Relative strength index in a make or break position where we will bounce from over a decades support, or breakdown and visit oversold conditions. Fisher is at the lows and looking to start pointing up. We are also looking at a potential double bottom with the covid lows.