Of all the altcoins recently, tron has been not only holding it's ground but continuing to gain ground while other big coin breakouts have already dipped back down. It exceeded it's projected breakout price target from it's cup and handle pattern days ago, and has since then almost tripled that projected breakout! It seems content on continuing to rise as well....
China wants to be #1 and so does $BABA.
The recent news and the jump caught my attention. BABA is finally above 200. However, that level held its ground as a resistance. So I mapped it to see, whether the just discovered pattern holds.
Weekly 61.8% Fibonacci retracement Overall uptrend Always use stops! Cheers.
JACK looks pretty interesting short setup. It had a huge decline below MA200 & holding this support now. Moneyflow has plummeted. It has huge downward potential if it can break the support label. * Trade Criteria * Date First Found- March 2, 2017 Pattern/Why- Support breakdown Entry Target Criteria- Break of $92.77 Exit Target Criteria- Momentum Special...
JACK offers a terrific short setup against a low volume resistance level, and two historical key earning levels. The spread with CMG makes it a great candidate for a pair trade, aiming to capture the profit from both the JACK short, and the CMG long. CMG has to rally to catch up to JACK, and JACK is overextended and will revert back to the mean. You can size each...
CMG has been accumulated in this zone for an extended period of time, and currently taking off from the uptrend mode. We're long with my signals group from the 405 mark. The stock had very negative sentiment due to a case of food poisoning, but currently, there is no reason for it not to rally from here, to catch up to the likes of JACK, for instance. After...
Our candidate last night had 2 indicators but it had two problems.. It was in the daily cloud and it was right under the 200 DAY MOVING AVERAGE. As with all our candidates and included in our book of the rule of entry, you must have a positive opening candle to enter into a possible candidate. I like a good, strong 21 minute bar some other people use 13. Thus,...
Long if closing above $85.4. Take profit: 110.23 Stop loss: 81.56 Short if closing below $80.9. Take profit: 68.09 Stop loss: 85.40 Pretty nice triangle here looking rather bullish, but I will wait for a break above/below for a riskless entry...
11-6 Does everyone know what a rising bearish wedge looks like while its building? You are looking at one in the process of being built. For informational and educational purposes only. These are not recommendations, trade at your own risk.