Upside
The doggo going out ?
After all the fomo on DOGE and SHIB this year, le price is finally in consolidation mode, if a break out has to happen, big chances it's from here.
Easy to manage the risk when price break the trendline.
+ Bullish divergence on the RSI as you can see.
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Vesper Finance next x2?
Since july, Vesper Finance shows a slowingdown downtrend, and looks ready to reverse after a flat stage, probably accumulation.
You can see an inversed Head & Shoulders just breaking by the upside at the moment.
--> Perfect place to take a position.
If price confirm the break out and BTC don't nuke, we're going to 20$.
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ADA looking for continuation - As seen from the illustrated chart, we broke down from the 3.10 level and met our shorted target (vertical green arrow.)
- While we continue to build up momentum heading sideways in the descending triangle our next key target of resistance is the 0.786 Fib @ 2.92.
- After breaking this level with continuation to the upside, the Mid term target stands at the 1.618 Fib, 3.38.
(Not financial advise, trade at your own risk)
Watching PLTR for reversal head and shoulders confirmation. PLTR has been forming a reversal head and shoulder pattern since February. I will be watching price action for confirmation of pattern and break in neckline at 27.40 level in the coming weeks. If a breakout occurs I anticipate some nice quick upside to $30+. If we do happen to see a pullback I am expecting price to bounce on the trendline that has been established since May. Regardless of short term price action I think this is a great company to buy and hold for the long term.
TrendyTrades: WISH Bullish AnalysisAt the bottom of the wedge with a gapfill above. We can see WISH pushing up from here. Look for confirmation before taking the trade.
▼Notable Bull Signal▼In the short term SBUX looks like there is still room for a dip, but greater time frames provide that of bullishness. On the 4h and 15min it can be observed that we are getting bearish momentum, while the daily shows a reduction in selling momentum. One notable bull signal that is given by the daily and the weekly is the Weis Wave. The selling volume has been steadily decreasing, indicating we may see more up-side.
▼ Daily Bull Signals ▼
Squeeze Indicator
Cycle Willy
Weise Wave
▼ Weekly Bull Signal ▼
Weis Wave
PEP - PEPSICO, INC + upside break Historic:
08/18/2021 (dd-mm-yy)
Fear & Greed Index: 37
Mid-term forecast (1-3 weeks):
If price breaks the 158-159 resistance, a resumption of a strong uptrend is expected.
Aiming at 163.
If the support at 153-154 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 153 level is broken in the medium term.
Technical analysis:
A triangle forms on the daily chart between 158 and 153, starting on July 27, 2021.
Today August 18, 2021 it can break 157-158 and is expected to rise to 163 according to technical analysis and confirmation of the pattern.
+ Trigger:
Trigger1= 157-158-159
+ Take Profits:
TP1=163
+ Stop:
Stop1=153
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BITCOIN - Reversal OddsHello everyone, rouzwelt here
This post is about analyzing the probabilities of a successful reversal and it'll be brief. As you can see in the chart price is about to break above the red down-trend line and if it manages to do so then we will see an early sign of bulls showing up to fight back, but that's only the first step. The second step for them is to move past the last impulse move up which is in line with 0.382 fib retracement level, this might be the easiest step in their way up. But the real challenge for them to change the short-term bias in their own favor is to break above the last swing high which is in line with 0.618 fib retracement level that makes it a strong resistance level (yellow dotted line). They also have another small step after those which is to break above the purple channel, but I don't think that it would be a difficult job for them if they have already passed the previous ones successfully.
So there are 3 steps in their way to be able to change the odds here, and if they succeed in doing that then they might begin to bring price back to upper side of the 30/40k range which will give them another chance to test the 42k level and maybe break above it this time.
But until they manage to do so, bears are still in control, although they are not doing much. And any failure from bulls in those 3 steps would make bears' job even easier, as rejection at those said fib levels are highly probable, and they also would be good short entry points if price reaches to those levels because the main trend is to the down side, and whenever that is the case you better look for short entry points at impulse moves up, as in down-trend generally speaking, resistance levels manage to hold and reject the price.
That's all for now and please consider supporting me by hitting like if you find my post informative and please comment if you have any opinion about my analysis, I'd appreciate it a lot. Enjoy your weekend and trade safe.
Wait for confirmation of Price Action to execute buy orderH4 Time Frame
Structure: Breakout Sideway from 1790 to 1820.
Bias: Upside.
Wait for retest support 1820 and confirmation of Price Action to execute buy order.
Target is next resistance at 1850-1860.
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Wish you all have a good trading day!
Kin just 14 days from major breakout 071421We are seeing a nice breakout point for KIn within days. I am using the Martin Auto Trendlines (red and green dotted trendlines) to see the possible path for Kin within days and something tells me we will be on the upside but If Bitcoin decides to make that last move down then we could see Kin go lower for the short term. This will be a great time to dollar cost average into more Kin as we are getting closer and closer to Bitcoin turning the corner and heading to its end of year peak of over $250-$300k. Time will tell.
Amazon Triple Bottom1. Amazon just completed the third bottom of a triple bottom that began late last week. High probability pattern that should be followed by strong upside.
2. This triple bottom is also just under the key level of 3700.00, showing there may be a support range from 3695.00-3700.00 that will allow uptrend to resume.
Gold Back to All Time Highs1. Gold price is entering a narrow wedge with an 11 month resistance and a 2 year support. This support has repeatedly been tested over the last 2 years, and is more powerful than the medium term resistance level.
2. Price is currently at the top of the wedge. A break of resistance sets up a run to all time highs, with pull backs around 1915.00 and 1965.00. I expect price to move higher swiftly after a break of 1820.00.
HD Triple Support Convergence1. Home Depot is nearing three distinct support indicators that converge at the 290.00-300.00 range. The 200 EMA, trend line from October 2019, and trend line from March 2020 all meet within the 290.00-300.00 range. Price currently sits above this range, and tested 300.00 in the previous few months. The three supports in this range should serve as a launch point for price, and price can retest the support before more upside.
2. The lower end of the support zone (290.00) was a notable resistance point on two different occasions during October 2020. Now it acts as a strong support, and price should hold on to this level with much strength. It is a good confirmation to the other trend lines.
3. Relative strength index shows a repeated pattern that has been followed by significant upside on two recent occasions. For RSI to reform this pattern, price needs to pull back to the support level and consolidate. After a confirmation of the support level and a reset of RSI, shares can move decisively to upside.
BA Filling Out Huge Triangle1. Boeing is filling out a huge triangle, with the base formed by the 75% price drop from March 2020. It has consistently tested the bottom leg of the triangle and responded with strength, each time reaching the top leg of the triangle. The triangle is narrowing around current price, and a break to the topside would yield significant upside after this long consolidation. Repeated strength at the bottom leg is significant to the bull case, and currently indicates upside strength.
2. There was a fake breakout of the triangle in March of 2021, forming a small peak at 260.00. A few months later, price touched the top of the triangle at 258.00. The next target on the triangle is around 262.00, so the resistance range is 258.00-262.00.
3. Price just tested the bottom leg of the triangle, and the 200 EMA (blue) has fallen out of the triangle. For the bull case, the 200 EMA needs to cross back into the triangle for confirmation of a continued uptrend. Following this, price should test the top of the triangle and continue to fill it out. Earnings at the end of the month could weigh heavy on price, and a positive report can break the triangle to the upside.
EBIX the Mother of All GapsThis small cap gem should be a fun one for swing traders as the asset has nicely put in higher lows and higher highs in price for the last 15 months or so.
And now at this moment it has 2 nice bullish setups going for it:
1) support at its $31 dollar level where there is also the 21 MA just below it as well.
2) a giant crater of a gap that needs to be filled still at around $47.15.
If the price was to fill this gap that would result in a +35% move to the upside from where we currently sit.
The ultimate target sits around $54, however.
If this $31 level continues to hold, lookout as this asset could move quickly.
Weekly candle close below $31 would be enough risk for me to exit the trade.
Keep that bearish scenario in mind as many traders may be attempting to play this gap also.
Kusama (KSM) Looking Strong Good UpsideI know the market sentiment has been "extremely bearish." And we are in a bear trend, I wouldn't consider this a bear market officially just yet. Now is the time to really start thinking which projects will perform when we inevitably overcome the cloudy summer season of FUD storms and on to sunnier days in cryptocurrency. Kusama is looking strong and will most likely be at the forefront of the next DeFi Mania wave along with Polkadot (DOT) of course as these projects are going to be key cryptocurrencies in the expansion of DeFi. The Kusuama parachain auctions have have started and will be live for the next couple of weeks.
With this recent Bitcoin dip there was a massive sell off as many people are getting out of their Alt coin positions. We formed a nice and important bounce for Kusama starting to form a new level of support after this capitulation . Of course if Bitcoin experiences another massive plunge bringing it deeper in $20ks then we could see this support easily broken bringing down below the $100 range.
Only 10 million coins already 89% through its circulating supply. Keep Kusama on your radar.
Litecoin LTCUSDT - potential breakout soonHello,
Litecoin is looking interesting as it continues to trade in a symmetrical triangle figure without being able to break in either direction, still it is rarely registering big losses %-wise compared to the rest of the majors. The price is now hovering around the March correction low of $170 and the POC line (Point of control) and is ready to reach the break point
A potential break out of the triangle in an upward direction can result in a upside reversal as the price can clear the 21-period EMA in combination with the horizontal resistance and the 23.60% Fibonacci level at $190. Then no resistance up to $230.
So, what we can expect here is a retrace to $160 - lower boundary of the triangle and current local support, then reversal with the above-mentioned parameters.
Regards






















