Hello everyone! UPST is now in the resistance zone of this regression channel in the daily chart. I think we can experience a pullback to the $340 in the upcoming weeks. Remember that the trend is your friend, that's why I'll not short UPST for now. NASDAQ:UPST Not a financial advisor. Just my personal opinion. Enjoy your weekend.
Hello everyone! A rising wedge is commonly know as a reversal pattern, I'm looking to short NFLX once we reach the resistance zone in this rising wedge. Even with all the hype from Squid Game numbers and positive earnings, price is not moving much as weeks before. Today Oct 19 NFLX rise in post-market trading to the 663 (wedge resistance zone) and pullback...
Watching ADA closely for upside breakout in this symmetrical triangle. Remember that a lot of NFT projects are coming to the Cardano blockchain, we should see an increase in volume in the following days or weeks. The horizontal lines are standard deviation, the yellow line (2.66) is the mean. Not a financial advisor. Have a great trading week you all.
We are in this channel since Oct 6, a doji candle was form in the 4H chart so we can experience a minimal pullback in the following days to the support line. Overall we are in a uptrend and we also broke last ATH at 146. I'm looking to add long positions at 150-151 or after breakout of the resistance line in this channel. The horizontal lines are standard...
Symmetrical triangle in the 2H chart, increase in volume confirm that the increasing blue line is a strong support zone. If the price goes below the ascending blue line we should see a drop in price to the 3,500 - 3,300 price zone. Price going sideways is expected in the following hours. The decreasing blue line below the triangle is also a good support...
ICP is falling again to the support area at $264. Good Volume is important to decide if we are going to enter a buy position. The problem right now with ICP is that many investors don't understand this new blockchain technology, even me. For many of us what we don't understand is a red flag but who understands ethereum in 2014 or bitcoin? Maybe this is the next...
We are looking for a breakout at 1.05 and high volume to go long, Bitcoin fall yesterday delay the long run that Matic was having but we are again on track. Red lines are standard deviation acting as resistance. 1st TP (R1): $1.12 2nd TP (R2): $1.26
I know, many of us don't understand well what is Dfinity Internet Computer (ICP). From what I read is a revolutionary public network that provides a limitless environment for smart contracts that run at web speed, serve web, scale, and reduce compute costs by a million times or more. Build everything from DeFi, to mass market tokenized social media services that...
Ascending Wedge most of the time means incoming falling in price and in this case is what happens (the breakout happens in the red circle). We can expect more falling in price depending on the selling pressure for that reason DONT panic sell. Matic is an awesome project with a lot of potentials, Matic can reach $7 in the long-term. MACD still below the 0.0 line,...
With Ethereum getting more congestion over time Matic has a long-term bullish pattern. Matic test again ascending support line and probably will test again the .90-.93 price range. Just hold.