Hello 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...
H4 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. ------------------------------------------------------------------------- Wish you all have a good trading day!
We 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...
1. 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.
1. 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...
1. 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...
1. 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...
This 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...
I 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...
here in NIFTY 50 this black line is working as resistance if 15m candle break and remain their than a good move to upside will be their!
Hello, 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...
Hello all, SOL has been on a pretty solid uptrend recently. The coin last bottomed at $25.5 on 30.05 and since then has rallied more than 70 percent to the area above the $40-$42 resistance zone. If we zoom out we will see that on the Weekly timeframe the SOLUSDT pair respected the long-term uptrend and did not allow a break blow the 21-period EMA perfectly...
Tata motor if they break treadline then one side momentum is possible so stay on watchlist,
The share price of Tesla seems poised to appreciate towards the psychologically significant resistance level at 700.00 over the med-term. The prominence of this level is derived from the fact that it is positioned remarkably close to the 23.6% Fibonacci retracement. The latest upswing originated from the 38.2 per cent Fibonacci. The reinvigorated bullish...
LItentry is ready for move
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wait for it to cool down a little bit and come in 700-650 range. we can go long from there as this was previous resistance and should act as support for the stock to go higher
No need to panic, looks like bitcoin is ready for next move to upside very soon.