NYSE:HSY HSY has reached the resistance trend line in its current channel. That doesn't mean it HAS to go down now, it could very well bust through, or chop around just below for a bit. The Stochastic indicator is pegged out at 100 on the monthly, but can easily ride there for months to come. The daily and weekly Stochastic still has room either way. If it gets...
NASDAQ:COST It really pays to understand the "log" button on your chart and when to use it. Because looking at COST monthly chart in this way shows a very clearly defined channel and midpoint line. So, instead of looking like an unchartable stock that looks as if it has to be out of gas, it becomes much clearer that in fact, it could have much further to go. This...
What a bloody Monday again. And lots of bearish charts around pointing to 8.4k and even lower. But Bitcoin be Bitcoin. Do I see a big rising wedge forming on the weekly? I wouldn't mind if Bitcoin gets pumped to 15-16K first before there's another dump. Just a bit of counterthinking here...
My bullish scenario: A little downside towards the blue trend line (10.5-11k) followed by an impressive rally towards a new yearly high. My bearish scenario: If BTC breaks the blue trend line we might go back to 9 or even 8k.
Eur/Nzd is currently in a downtrend channel. My prediction is that if it drops below the day timeframe support and a candle closes I will sell at 1.64452. As it continues making lower lows and hits the 4 hour support line I will take profit at 1.63338 with a 109.9 pip profit. OR if it reverses and bounce off the 4 hour resistance line I will wait for re-entry off...
Based off my analysis UJ is currently in a channel on the 4 hour timeframe. Inside the channel on the upside, price has only touched the line twice meaning there's still room for up and down movement. On the downside it has touched three times but the trend is still moving in a uptrend. My prediction for a potential sell would be if price reverses back down to...
Dear few readers, it looks as though the top of the trend line has been reached. There is support about 9% below the current price. Maybe this price will drop. Maybe it will go up. There's only one way to find out.
I see a possible breakout on a bullish trend depending on bullish bias. What's your opinions? Regards
Greetings. An update. Continuing early warning of trend line direction idea. The upper trend line based on close together touches appears to be playing out well. If Etherium can now navigate the green rectangle of S/R then Etherium @ $300.00 a very real possibility. This update relates to my previous published idea. Trend line first proposed on September 21st at...
Someone requested ETHUSD... here is what I am seeing. As internal momentum for trend is measured with the ADX indicator, the latest price move to the upside was on falling momentum. This divergence should help bring selling interest along the bearish trend line that is being tested at the moment. A move back to the 61.8% level is imminent and the price should...
Although BTC seems to be shying away from my 4100 target I did call the recent downside to 6k (within $90). *Check last post for proof. BTC is breaking out of the purple symmetrical triangle that tons of people tried to long and got REKT on. If this daily candle can close above the purple trendline this is huge because I cannot see any higher trend resistance. I...
Hello ladies and gentleman, boys and girls. Lets look at Xbtusd. We can see a trading channel formed and holding solidly. The long term down and uptrend has not been breached yet. Weekly chart is bearish with a bear flag. On the 4hr we can see a mini head and shoulders forming. The height of which gives us a target perfectly off the 7600 long term uptrend forming...
Bearish flag pattern of past week scares everybody who hodl that coin. We think it could be even worse, theres a big possibility Ripple can break to 80cents and then slowly recover after few hours/days. In our It'll be very fast race, as you can see at the chart, breakdown could happen tomorrow, but no one knows, XRP market is very unstable and forecasting it is...
To those that asked me yesterday, I indicated that if we cross $11,900 (GDAX prices), that would trigger a short-term buy signal from which we could get a range projection target of at least 800 points. As I write this, we are seeing a gain of 1000 points, give or take, and now the question turns to: "how much higher can we go?". BTC' has ignored the overbought...
Currently, we seem to find ourselves at a crossroad yet again. Is this truly a path to new highs? Yes, overall Market Cap has greatly increased, that is a clear given. Is institutional money already pumping futures-like volume in this sector? Yes, but haven't they already been doing that all year? Regardless, I digress. the blast through $8k is anything but a...
Currently, we are seeing BTC test the $6000 resistance which was attempted and rejected earlier this week. The upcoming Segwit2x fork is definitely in play here as we are a little over two weeks away from the 494784 block being mined (fork block). Current projections have that happening as of 10/16/17 (Thursday, November 16, 2017, 5:53 AM - per respective...
Over the weekend BTC crushed through the $4400, $4500, and $4650 levels. Who knew that the $4900-$5100 area could be in play so soon, and now its very tricky up ahead. I still have not taken in profits from the trade entry point of $4200, but have tight stop losses around this current level. Perhaps, I may exit if I have to catch some sleep. Only doing it so today...
The short-term consolidation that took place over the prior couple days appears to be slowly fading away as the $4150 support level held overnight. The ongoing post-crash advance, albeit slow and without fierce momentum at the moment, appears to be continuing. Crucial resistance still ahead as we aim for the $4400 level yet again, more resistance is found near...