i can consider for XTZ two possible scenario:
1: if it stay inside the channel for NEXT 2 DAYS and of course bitcoin wont fall it can go a lot upper than now...resistance on the 3.1857 and 3.2194 is weaker than before because it has alreaby touched several times.
2:if it come out of the channel it cant fall too much because we have good support on the 2.797 but if...
Two different interesting periods, similar and clear.
We expect a bounce on the support at 1692.50, let's see if we can get our last TP3.
Will the market be strong enough to break out the last target of 1752.80?
Let me know if you like our idea and feel free to reply in the comments with your opinion!
The price touched the resistance line 1,26325. The volume is slowly increasing during the last week.
We expect the price will descend to the support line at 1.24491 and it will bounce back to break out the resistance line at 1,26325.
Let me know if you like our idea and if you have some different opinion, write in the comments!
Dear traders GBP/JPY has broken strong resistance and it will continue to rise after it touches broken resistance( a support now).
this trade has a geat R/R, I hope you will make lots of pips.
push like button and follow me if you enjoyed my idea.
EURCHF is continuously trading in channel pattern since very long time as you can from the chart. This might continue to trade in channel pattern. One can take a trade for long term or short term with channel support and resistance line as stoploss for small pips.
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Discussed that NYSE:IAG may have bottomed two weeks ago. And price action in last two days on very heavy volume supports the fact that it really did.
Now it is approaching resistance zone and neckline of inverse H&S. Might rest for a while, but when resistance is cleared, nothing should stop the rally later on.
NASDAQ:RGLD is one of the leading stocks in gold mining industry. It started major rally earlier than majority of other miners last spring. And was one of the first stocks to caution that pullback is likely in AMEX:GDX in January 2020.
Right now it sits right near major support level, and in bullish scenario this is constructive level from which new leg higher...
NASDAQ:BBBY price is destroyed this morning, based on some ugly sales numbers for the chain.
However, stock was more than punished for all the problems in recent years. So key question is whether future turnaround would be succesful?
If it is, now might be actually good time to buy, and technical picture potentially supports it. If inverted H&S would be...
Few weeks ago I mentioned that NYSE:IAG is in good area to make a bottom, and based on recent price action, good odds that bottom is already in (for bullish case to be valid).
Major potential inverted H&S in the making and should not really go below 2.70$, where I am also placing my stop
Week ago discussed that NYSE:AKS looks promising for low risk entry as it touched various support lines. Today, it appears that stock is breaking out of its bullish flag or "handle" in what appears to be cup&handle formation.
Do not expect strong rally immediately, but should continue working higher in the upcoming weeks