Potential breakout from point E of this descending triangle. PERLUSDT can growth easily more of 64% by the week, but a first swing in a break-out wave can be expected to start tomorrow. This impulsive projected from an ABCDE triangle can rise wild after the actual D-E decrease. The Fibonacci retracement is beautifully confluent in 14.6% key level with trend-line.
We have identified the uptrend and a rounded retracement (CUP). The strategy applied says the strength and longevity of the prevailing trend will determine the success of trade. We have identified the handle of the cup. First buy entry on the handle breakout, the upper line (resistance) that define the handle structure is our trigger line of first buy.
2nd entry...
We have just broken the upward channel on the 1 Hour Chart!
It might go back up to 0.0000125 in the next few hours before a fall back to around 0.0000110
Then It's moon time...
The Price has formed a doublé top and it had a pullback, so we are expecting the Price to continue the upwards trend and break the resistance and seek for new highs.
Wait the Price to close above the resistance and then enter the buy. Don't forget to confirm the rupture with MACd and RSI levels
Comment your thoughts!
MTSI has some cool chip technology and beaten up like most tech stocks in US-CH trade war saga.
Zack posts strong sell prior to MTSI have strong upward climb today after missing Q4 Rev. targets. Acquisition candidate>>>? What gives??
Zacks Investment Research, Inc. downgrades MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC from HOLD to STRONG SELL.
BY Investars...
NEO/BTC has been in a descending triangle pattern for a few weeks now, and we're beginning to enter the period in which a triangle pattern breaks out either way.
These patterns are usually bearish, however an upward break on a descending triangle is very powerful. As most of you are long traders, keep an eye out for this. If you're happy hedging, then you can...
CLW seems formed a nice base & if we get that moving averages to cross, that will be very nice fallen angel setup. So we are waiting for the it to break above, and keeping on watch list for now.
*Trade Criteria*
Date First Found- May 22, 2017
Pattern/Why- Potential fallen angel setup
Entry Target Criteria- Break of $46.63
Exit Target Criteria- $50+
Stop Loss...
There seems to be a possible double bottom formation occurring around the 5.35 area.
The first V sectioned of the market shows a reversal upwards and the next V section shows even more upward momentum.
I'm hopefully waiting for it to hit the 5.35 area so I can buy it and go long and I will take another trade straight after the first one takes profit cause of...
The price is still in correction stage after post income and people are undecided. However, dividend is increased by $0.05 compared to last year and it is almost dividend date. This should push the undecided people to buy. Also I notice recently energy and natural gas company price dropped but this does not and I think this is the lowest for these few months. I...
INFI seems breaking out of a pennant formation. There is a potential for upward channel formation as well. However both pattern suggests upward movement & we think it has good upside potential up to $4.
* Trade Criteria *
Date first found- February 14, 2017
Pattern/Why- Upward Channel; Pennant formation.
Entry Target Criteria- Entry around 2.5-2.58 (Hit...
Looks like this trend will continue, after the gap up some resurgence
is expected from profit takers, Support around 8.50 should swing in the channel
good play for the next few days.
March Corn still sees horizontal movement with creep upwards. Thursday is the USDA report for all grains, but the 2016 crop is still impacting this market. If USDA report shows a lowering of future crops, this may help corn. Also Funds may buy this week so support levels around 354'2 off the 3/1 Gann Fan may hold. If prices fall further look for 349 4/1 Gann Fan...
Here we go again.. not an experienced trader or professional but this does look like a promising bullish upwards triangle breakout over about 7 months.
Hey guys! A couple weeks ago I posted about a Descending Triangle on EURJPY that seems to be near completion soon!
But I seem to find signals that it will be an upward breakout instead!
-Stochastics have shown a bullish divergence
-Weekly chart Fib Retracements has shown that this Descending Triangle is resting on the 50.0 Fib Level
Seems like it could be a...
