Vcppattern
Young biotech leader $IMCR with good VCPImmunocore Holdings is a commercial-stage T cell receptor biotechnology company working to develop and commercialize transformative medicines for oncology, infectious diseases and autoimmune and inflammation diseases.
In a confirmed uptrend, yesterday signaled a good pivot buy where I placed an initial position.
I liked the volatility contraction pattern and the bullish divergence with the 10-day ROC prior to the breakout, and now I'll wait for the follow through action to add to the position.
Lets wait and see.
ERF pivot right above the 20 day ERF pivot right above the 20 day. Price and volume contraction mving into the pivot area.
Volatility contraction in #Bitcoin signals further upside Bitcoin and Ethereum are ones of the assets that haven't undercut its June lows.
In the daily chart of Bitcoin is above its 50-day MA and I see a pivot buy at $21,350.
But, when I zoom in at the 4-hour chart, I can see a good volatility contraction with a pivot buy at $20,700. Remeber that crypto never closes so 4-hour charts is the equivalent of a daily chart in stocks.
For me this is a good point to start with a small position and then add more on a breakout above the daily pivot.
There are two resistance zone you can use as targets, one is the September high and the other is the August high.