Hello all DuncanForex.com with another trade idea
This one is dependant on Market conditions,
It is currently consolidating - sitting on Support whilst lower highs are continually made.
It is creating a triangle pattern and I am waiting for it to either break out and retest above the triangle or break out and retest below for a short opportunity.
In the past days RVNUSD has broken out of the consolidation and is now retesting the .78 of the rally.
Typical for a confirmation is a break above or below a valid resistance or support and retest to confirm its value in the market.
Exactly that has happened yesterday and we have seen a volatile answer to the retest of the intersection between the boarder...
Good morning, traders. Price dropped a bit lower yesterday, as I noted in Discord was a possibility as the day played out, but the TR remains reaccumulation with uprise since we still have higher lows consolidating toward the resistance at the top of the TR. This means that I really don't have anything to add on the lower TF analysis. So, I want to remind you that...
Okay guys here's my weekly update for BTCUSD.
This week has been a relatively boring one again, no substantial movements and we seem to be stuck in a sideways channel.
Keeping the chart as simple as possible, I've removed the trend line as it's no longer confirmed and using my 45EMA and Support/Resistance lines.
Here is the evidence we have to work with to...
Wondering what everyone thinks. Chart looks pretty good, finally broke resistance (green trend line)
Currently facing resistance at the 0.382 fib extension line (roughly $72.88) - Historically, seems like SQ is a big fan of this fib level (Take a look at how price reacts every time it touches 0.382 fib extension + 38.2 retracement -...
ATVI is building an intermediate-term bottom that is a solid base from which the stock can eventually move up as its fundamentals improve. This is a pattern all Retail Traders should notice, especially Position Traders and Intermediate-Term Traders.
- Bullish break of the 200 DAY MA on great volume.
- Currently consolidating nicely above cluster of daily candle closes back in Dec. '18 and April '19
- Possible Bull Flag Formation short to -mid term and ascending triangle pattern.
- Still possibility to Retest 200 Day MA confirm as support if BTC Dumps
Price really wants to go to $500, but the psychological affect of not wanting to buy at the top is weighting down on the price action.
As you can see based of volume, a lot of ppl bought pretty low, so they are in no hurry to sell. However, a lot of new buyers are not that eager to drop $500 on what used to cost on average $120. So i can expect some stronger than...