I started trading traditional markets recently alongside BTC
Wow how calm it is over here compared to crypto - really enjoying it so far to be honest
Current price 63, targeting 80 for the gap fill on the daily
Strong bullish divergence with a possible ascending triangle forming
26% possible profit - may take a few weeks to play out
Stop around 61.5
Here's an odd chart, almost overbought on MFI and it's barely off the bottom. Not really sure what that means, but I expect it to tank on earnings again. Maybe a lot of institutional holders dumping?
No position yet
symmetrical triangle (gray) where price should be in a continuation of the prevailing trend (in this case should be up)
ascending triangle (blue) where price should breakout and continue in an uptrend...
which ever you were looking at the price broke down... we might still be in a sideways range... but I feel the risk is to the downside.
A green 1D candle just broke the down trend
Price had moved 12% since the reversal
-Candles: 3 green candles on the reversal with my BULL indicator painted
-Moving Averages: Support on the 10ma (Blue)
-Volume: Green above the orange average line
-RSI: Up trending
-MACD: Up trending
Its Daily chart i will re-post it after closing .. Anyhow if closed like this attached pattern this will be perfect setup for bullish uptrend targeting the upper gap and targeting mainly 69.3-70.3 MFI At lowest levels which means new fresh money will come soon RSI Perfect stochastic too the most interested candlesticks pattern on daily chart . i consider it highly...
Concerns over slowing growth but increasing competition has lead to weakness in SQ, which looks set to continue as all indicators are signalling more pain ahead. They bears are well and truly in charge and the 10% short interest looks set to grow.