BOIL on may 9th went into hard resistance in the highest VWAP line area, the Hull moving averages did a death cross and it fell 12% into the support of the first upper standard deviation line where it double bottomed with a reversal. The ZL MACD shows lines and trends that are confirmatory. As a result, I have closed my short trade from my prior idea and...
Bitcoin broke out of its parallel downtrend here back in June of last year. That channel has a first target that is exactly equal with its ATH weekly close. I have an earlier post about this that is linked below. It has since formed a parallel uptrend and is presently looking like it may attempt a breakout. Should that occur, its TP 1 and 2 are halfway towards...
After an impulsive bullish movement, USDCHF stopped, approaching a key daily horizontal resistance. The price formed a double top formation on that on a 4H time frame and violated its neckline during the NY session yesterday. Looks like the pair became too overbought. I expect a retracement to 0.8823 ❤️Please, support my work with like, thank you!❤️
Hi everyone! Here is one of my biggest positions in my portfolio, STX, which I have been holding since early 2023 and staking it. Other big investors like Tim Draper are extremely excited about Stacks and Bitcoin L2s, so hit up that Like and Follow buttons and now lets dive in the technicals: Short-term and Mid-term, STACKS or STX is exhibiting relative bullish...
Looks picture-perfect. What do you think? leave comments below.
HBAR looks like it is headed back down between 146-156 (or slightly higher or lower than this range), for a 3rd bottom and potential triple bottom.
DCR is one of the very few early coins that printed a macro higher high during their second cycle. Clear monthly range and currently trading near range low. A reclaim of $19-$20 on the weekly would look very promising. Range low > mid range > range high. BTC going parabolic is my only doubt though, because it could crash the entire market the moment it does a...
We can see here a huge inverted HS and a double bottom (blue arrows) forming. I thinks all of this is going to push up very hard and break out the resistance from 08/2021. I'll wait for a pull back to buy, right now is too close to the resistance. Every time it pulls back to the trendline I'll add.
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
The chart paired with the news makes me believe price may break down further.
GBPAUD may retrace from a key horizontal resistance. After an impulsive yesterday's movement, the pair became overbought and formed a double top pattern on an hourly time frame. I expect a bearish move to 1.946 ❤️Please, support my work with like, thank you!❤️
This is daily chart. Use stop loss I use elliott waves and fibo I think wave C as correction will start now tell me what time chart do you prefer And what is your thought
Bitcoin is very near golden crosses of its 50/200 MA (dotted lines) and EMA (solid). It is also just below resistance. If it is going to get a re-test near wedge top, where it broke out (green wedge), or near the 50 MA or EMA, it'll happen soon. It could just run to ~26 and ~30k, get those golden crosses, get above resistance and head towards double-top...
Previously, The AUDCAD Formed a Bearish Double TOP Pattern. Currently, The Price Broke The Support Level (0.87950 - 0.87662). So, I Predict a Bearish Move. ------- TARGET: 0.86880🎯
I am expecting a trend-following trade from the current daily support level where the market is now. If we look at the 1-hour chart, a double bottom pattern is visible, and its neckline has broken above. Now, at the retest, we will take the trade. ENTRY 0.6108 STOP LOSS 0.6085 TARGETS 0.6139 & 0.6151
We expect further downside on this pair, signalled by the stoploss hunt at the high of the current month. We can also see a formation of a double top pattern which further supports our directional basis.
FSR on the 15 minute chart in previous price action fell from a triple top on January 30th and then put in a double bottom Friday morning 2/2 and rose to finish out the day with a strong engulfing green candle. Nearby above are targets at 0.835, 0. 873 and 0. 915 based on the Fibonacci levels and also bearish high-volume nodes on the bearish-only volume...
Reversal Pattern in NZDCHF in BULLISH TREND. Bullish Trend is going on but there is a reversal pattern so I am doing Short. Also it is very much safe because it is under 0.382 level.