Nice multi month consolidation on BAND .
The chart has formed a rectangle pattern which will either lead to reversal or continuation.
The rectangle pattern can be successfully traded by buying at support (143) and selling at resistance (190) or by waiting for a breakout from the formation.
With all the moving averages rising to support the price I would bet...
The price is retesting the neckline of the inverted head and shoulder . It is potentially a very good support for a long entry.
I'm playing the bounce with the red line as target (swing trade).
I'll close the trade if we break below the neckline.
So what are your thoughts? Does it qualify for a cup and handle ?
Definitely not your typical cup, right? But I do smell coffee here. No cup no coffee.
The pattern is confirmed once we break the previous higher high (the top of the cup).
I'm already in the trade.
Price target on the chart.
PHUN : low cap software company.
After forming a multi month bottoming base with a nice double bottom , I'm watching PHUN for a potential breakout of the 2.08-2.10 zone.
A break could take us to USD 4.92-5 zone.
CHD is offering a good Risk/Reward play.
Bounce off the 200MA and Bullish Engulfing Candle.
If we get a bullish push we can even reach the trend line and try to break out.
Possible entry here with a stop just under the 200MA.
Nice consolidation within a symmetrical triangle / wedge . Ready to break.
A break to the upside would give us a first potential target of 46.50 usd +
Wait for confirmation before entering as it could also break to the downside.
One concern: the 200 MA is quiet far.
But I'm leaning slightly bullish based on the Tenkan support (Blue line-Ichimoku).
I'm watching WIX as it could break that down trend line any time.
I'll feel confident for an entry if we clear 273-274 (based on Ichimoku daily).
All price levels are on the chart (in blue).
Price is supported by a long term trend line and a rising 200 MA which is not far below.
ETH is currently forming an ascending triangle .
Ascending triangles at the top and as continuation have a low failing rate and tend to break to the upside.
Traders should wait for the break of the horizontal line to enter a long position.
Measured move is at about 1314 usd.
Chart pattern invalid if breaks to the downside.