Hello guys, Bitcoin is created a descending channel and double bottom patern as you can see in chart. If BTC can hold above $54300-54500 Zone, we can see accumulation for a while and after that, target zone will be $55600
The weekly and daily closes above the 1787-1788 are key here. Gold could now possibly move higher up to the 1847 level before successfully breaking below 1780 and retracing down further to the 1750 level many were looking for. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Thank you for taking the time. Trade...
EURONEXT:BN is showing signs that it has already bottomed out and on its way up. We have a relatively safe trade here. RSI divergence suggests a reversal of trend. It suggests that the low of 29 October 2020 at €46 is the lowest Danone will reach in the short- to mid-term (few months). An ascending triangle is showing upward momentum. This suggests a...
AUDJPY Long Term = BUY 1. Weekly Overview 2. Weekly Analysis : Final Tp : 89.935 Entry Price : 74.231 SL : 72.185 3. Daily Analysis : SELL SL : 76.580 Entry : 75.745 TP : 74.442 * Strong Buy Zone : 73.933 SL : 72.185 TP : open
Long term view EURUSD In the monthly timeframe downtrend line is broken. And in the weekly timeframe 1.1610 acted as a valley and supporting area and price is forming a new uptrend. In D1 after we reached 1.2170 price started going down maybe to reach 23% Fibonacci retracement. In the H4 after forming a top @1.2173 and after that a shooting star with a high...
I haven't changed anything since the last time I published this chart. I just want you to see.... SHLO is NOW creating a support at 1.30 on the daily chart. You can see on the 4H chart the EMA is starting to curve bullish. Right now would be a great time to get in again before the next pump up. This stock in particular moves a lot like auto makers aka Ford (F)...
This company failed to grow in the first quarter because the COVID19 pandemic prevented elective procedures and this has been very consistent. It has already exceeded the past lows. I got in at 0.99 and will ride this to around $3 but I understand this will take time. There might be a second wave or even another lull in the market but Medical seems to be one that...
Have some nice bullish engulfing at the previous resistance turned support zone, the price might/should go a lot higher tp - 70.5
Delta has been undervalued since they haven't been able to perform as per usual. It may be a while before they continue business as usual. They will be able to bounce back as one of the Domestic Airlines. I am more interested in Domestic since other countries may want to keep a hold on the spread of the Virus by preventing international flights. Overall this is...
With the idea that we are seeing the light at the end of the tunnel. Many states are opening up even in phases. AAL will rise with the markets. looks like it might even be able to reach $13 if not the end of this week then by the end of next week. The only thing I can see slow down progress for airline stocks is another outbreak of the virus. They will also not...
This company has bottomed out. It is an elective procedure which is why it's be reduced drastically. The hospitals prevent profitable elective procedures during the crisis and now this will come back to normal levels or close to it. Of course still running at a much more reduced level it won't come back full force but we could see a large swing in the next few weeks.
I assume it will have some small retracement upward after being sell-off for some days. If that weekly s2 holds the price from falling further lower then price prolly may rise back up around the s1 which in line with our Fibonacci 61.80%. In a nutshell, retracement speculation for intraday.
TECHNICAL/CHART ANALYSIS: 1. As seen by the orange triangles, USOIL is currently in a short term consolidation on the hourly chart. 2. On the daily chart it is just coming off of the RSI oversold level, and the MACD signal line is being crossed (both typically bullish indicators). 3. It seems to have found an intermediate support at around the 20/21 price...
ZEEL has given break out from downtrend as it has already started forming Higher lows and Higher highs. Breakout is also supported by huge volume spike, and it has important resistance at range of 380-400 levels. It might retrace from the resistance levels for good entry opportunities.
Bitcoin: Short Term Trade Idea Hi everyone, Today I'm sharing a Long idea for Bitcoin with you.He's my reasoning: * BTC is moving inside a falling wedge (bullish pattern) * BTC is approaching an old resistance zone, this time it may act as support * The 61.8% Fibonacci retracement level is also inside this zone * The target is the liquidity zone between...
On H4 the pair retraced to the 61.8 fib level which, to most people exemplifies a breakout. Most times this is wrong as the market makers will pullback to this area (where a lot of folks put their pendings for breakout trades), grab all the liquidity that's sitting there, and then pull away in the opposite direction which is the intended trend. Sometimes they...