Futu - a Chinese online brokerage & wealth management platform has finally broken its resistance of accumulation zone forming an ascending-triangle chart pattern. This stock has tremendous potential. Let's know why: 1. Accumulation Completed Futu entered accumulation stage (stage 1) somewhere in December 2021 following a steep fall inline with general market...
Hello Trader's ,, We Are Back With New Signal And Analysis For " GBPJPY " ,, On 1 Hour Time Frame ,, We Have A good Break Out For Golden Zone ,, Stop Lose And Target On Chart
After a huge plunge in Dec 2021, RETA had been consolidating in a wide range for the past 11 months. It's 200 day moving average has begun to flatten out since 27 September and the stock has also started to trade above this moving average since 14 Oct. The 200 day moving average have been tested a couple of times since and has proven to be the support so far (@...
On our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below...
So we've still got a longer term uptrend and Fibonacci channels seem to be holding fast and true. We still have a pretty strong forecast for a golden cross (50 EMA up over 200 EMA). With the recent pump we've got two possible fork situations with the nearest term fork taking us lower but the the broader trend would indicate more room for higher levels. I like...
Hello guys. hope you are good today im going to explain a few about the reasons MATIC skyrocketing these days. i look this happenings in 2 sides: first Fundamental News and second Technically. lets go... "On Monday, deltaDAO, a data economy solutions company, launched its Gaia-X Web3 Ecosystem network upgrade based on Polygon Supernet. The Polygon team said the...
Just needs to flip the 1 day 200ma (in blue) to solidified support and it should reach both breakout targets not so long after. If it does I’m pretty confident it will see a golden cross in its near future. *not financial advice*
Digibyte has done nothing to show that its about to reverse its downtrend yet, however we are starting to see the inklings of a possible double bottom forming. This is still so early in the pattern that its almost pure speculation on my part at this point. You should never try to trade a pattern until it has confirmed either a breakout or a breakdown. Although...
Looking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this...
If the golden cross occurs and sustains itself, we should see both of these bullish targets hit in the near future. We are currently above the yellow neckline and would reach the yellow target first. On the way there it would take us above the white channel, and flipping that channel to solidified support would validate its breakout and take us to the white price...
Price action and chart pattern trading: > The leading diagonal wave with a possible bullish explosive move +50% based on CUP & HANDLE pattern > The current ENTRY ZONE is considered a strong support at the channel with SMA 20 / 50 golden cross SMA200 > Target CUP & Handle @ 1.618 Fibonacci extension from A diagonal uptrend wave $7.000++ zone. > RSI bullish above...
Gold Analysis Friday 28 October Thursday Gold performance: Gold opened at $1664. made high at $1670 and low at $1654. Gold daily closing was at $1663. Today, Gold opened at $1665. Support is at $1649 and Resistance is at $1680. Trend is Neutral. Fundamental events today according to Pakistan Time. 05:30 PM, US CORE PCE PRICE INDEX 07:00 PM, US Inflation...
Despite the volatility, TOST is still showing superior relative strength to the market, now trading 66% above it's June's low of $12. A golden cross (50day MA crossing above it's 200day MA) might be happening soon, plus it is also trading close to the neckline of now a more apparent inverse Head & Shoulders Base. Perhaps these are signs that earnings (expected...
Quant seems to be leading the market. Continuing to pump before the other cryptos and making its way towards a potential new inverse head and shoulder neckline. Of course it doesn’t have to find resistance at this neckline, but there is good probability it will…if so it should give us a great idea of where it’s next measured move will be once it breaks above the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Nice sized candle currently above the yellow symmetrical triangle..it has grown a mild bull wick since testing the thickerwhite line above the triangle which is the neckline to a bigger inverse head and shoulders pattern. It could come back down to retest the top trendline of the yellow symmetrical triangle…the most important thing is where the current daily...
Price has respected 38% and 50% fibonacci support, broke 60% resistance now turned support. There's a golden cross and price is now sitting above the short MA which could mean a breakout targeting the 78% resistance level . LET ME KNOW WHAT YOU THINK :) Arsenicolupinx