Opening 2 buy orders on Verizon, the first with a 1:1 R:R, the second up to 1:4.5
Risking 0.5% of capital each
SL under minimum of 52.40
- Doji formation
- GAP to close
- Touching MA200 on daily chart
Good day Traders
Our $3470/$3500 support has been holding strong. Although we keep getting rejected by the $3550/$3600 resistance, we now have bullish divergence on the 2H MFI so still expecting a move to the upside. Our 1D SMA50 is going to be strong resistance yet again, this time around $3670 but we first need to get above $3600. The way I see, we have 4...
As you can see, BTC seems to have found a bottom and is working it's way upward.
Having already breached the SMA 25 (4H) chart, it is hovering over the SMA 50. This, is still short (by around $700) of a cross of the SMA 200. This barrier has been a tough one for BTC to break but, if broken soon, could lead to a lot of optimism in the space.
Until the SMA 50 is...
Nice bullish setup on #BOTZ, yesterday's candle was a bullish rejection candle right at static support (yellow box) and SMA200; this confluence might be confirmed by today's candle. If it closes bullish it's a good opportunity to buy for the mid/long term.
All the markets and indices are retesting early February lows and are stalling around critical support levels; today was a neat green day providing a strong rebound signals.
In particular, QQQ showed a morning star pattern formation around a support level given by the SMA200 and former static support.
Everything confirms and shows a downtrend, but looking at the trendlines and centre line for the RSI indicator. It seems that we can perhaps hope for a reversal soon
1.Candle stick crosses the grey dotted line and we see higher highs.
2.OBV line crosses grey dotted line and we see an increase
3.RSI crosses centre line (50) for a bullish momentum.
Do you agree...
I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing...
My interpretation of Volume and Price:
Volume Share Price Interpretation
Decline Uptrend Bearish
Decline Downtrend Bullish
Increase Uptrend Bullish
Increase Downtred Bearish
What are your thoughts on GLBS?...
BTCUSD formed a doubletop and has dropped through the neckline (61.8 Fibret). Price target is the 23.6% Fibretracement at around 7200$. Notable: SMA200 could be a strong support at that area, definitely a rebuy opportunity.
If head and shoulders do not break my prediction is around 3k and possibly more. If H&S does break we are looking at 1800 or less. More bullish indicators then bearish yet the H&S could be worrying. I expect if the H&S does not break we will see a bounce from the Ichimoku cloud/purple trend line we can see here. We are still above the cloud and riding the SMA....
This stock have been bouncing of the SMA200 several times. Great enter now for a long-term long trade.
As always. Target is floating and not set. If the trade is successful, I will close once it hit's SMA200 again. re-enter if it holds.
This stock have been following a trend line for a long time. I don't see why it should stop.
Stock oversold, and price at SMA200.
As always. Target is floating and not set. If the trade is successful, I will close once it hit's SMA200 again.