if NAKD cannot break $1 or the downtrend line, or both the trend is down to neutral if it breaks the down trend, or starts to hug the downtrend then I could see a possible trade the action is weak not financial advice
of course! (comparing XRP to NAKD) what a long strange trip its been these patterns are synonymous with whatever you want to call it consolidation, manipulation, suppression either way it works on the liquidity available in the market NAKD may be on the verge of an upswing not financial advice
Here we go, approaching the last touchpoint on the ABCDE Symmetrical Triangle Wave. Looking for that bounce out. With the amount of FTDs due on Jun 25th, we can be seeing a break UPWARDS. (then again, anything can happen)
a continuation of trend seems to be in order for naked 50/100 crossover tends to bullishness establishing price action over the 100 MA at some point $3 should be challenged and if that can be surpassed then $24 is on the table
although a much shorter time frame, naked is printing a similar consolidation pattern as the multi year xrp consolidation would be interesting to see if they perform/mirror going forward at some point naked will be ahead of xrp in the fractal time frame not financial advice
at .75 support naked is light on sellers if support is established here the journey to higher prices is back on track
Let's see if this potential plays out 1) we track to see if the Right Shoulder completes target to ~$4.60 2) lots of resistance at neckline, if price breaks neckline it will confirm the pattern and should give us a second target of 7.60 or so From an elliot wave perspective wave 1 and wave 2 have completed and we should be on our way to wave 3 with higher...
As you can see the market is ranging in a small zone for sometime and it just met with the supply zone, which means that it will have highest chances to move to the demand zone now. It has started fhe move and it maybe taken as a late entry but there is a chance. Apply strict risk management, no more than 0.5% on the trade.
sqeezing between the 200 HLMA channel and the 50 HLMA channel support looks good at the 200 likely a direction soon
My Marketmiracle advisor yesterday generated a LONG entry sign on $NAKD NAKED BRAND GROUP at a price of 0.5620 USD and a target of 122.93 USD Honestly it seems to me an estimate with a target a bit too much in the but gives us the idea of the possible swing that this title could actually have. I therefore preferred to carry out an analysis on the graph stopping...
high risk trade with possible high reward some positive factors on the chart but some serious hurdles to manage too not a great idea to buy in here unless you are speculating on the recovery not financial advice
simultaneous test of multiple supports 350 MA - orange 100 MA - green price support - .60 declining resistance broker and tested MACD signal cross not financial advice
weekly averages crossing 50/18 which may signal bullish tendency as with the GME price history not financial advice
macd signal cross looks favorable for the formation of the right shoulder possible entry point here not financial advice
Check this out. Huge potential for big gains. Symmetrical Triangle with a Pennant continuation pattern inside. Pennants break to the side that created it. In $GME's case - to the upside we go. *This is not financial advice, please contact your local HF (Hedge Fund) for that. Please do your own DD (due diligence) before assuming risk.
pierced the 350 MA - would be nice to see it hold at .60 support with .35 as back up support healthy targets ahead not financial advice
We can clearly see that there is exhaustion from the bulls and the trend on an hour chart has broken and is forming a head and shoulders setup, successful breakout and completion of the head and shoulders trend should confirm the short position on an hourly chart