Simple measured move after confirmed breakout. Could get there quick (before end of the year), remember how explosive it was last time. Consolidated for nearly 9 months so I don't think we will see many pullbacks on the way up.
GEO broke out of 4-year long downtrend, multi-year falling wedge pattern on massive volume and is now in the process of backtesting that breakout which could be an amazing opportunity to buy in. Golden mean ratio of Fib retracement is at around $23 which is confluent with historical resistance level and I believe this would be the minimum target of this trade if...
7.0-7.5 entry, lots of potential upside. My favorite chart on the stock market right now. Earnings line up with Russell inclusion and it's a reasonable timeframe for a move like that. $10 is perfect price target being psychological and historical resistance and we now have entry on confirmed breakout.
Triangle broke down with Daily Bearish Divergence maturing. Not looking good for crypto in the short term. Keep in mind though that the triangle broke to the upside previously and there was no follow up price action off of that so this might not play out just as well.
A lot of traders are discussing this possibility right now and there's no doubt that the pattern does look very real. But is it really going to complete and play out? For sure worth considering and staying cautious as we are nearing top of the triangle.
All timescales agree. Negative momo fading on daily, bullish divergence on 4h, bull pennant breaking out on 1h. All that after hitting important support level and pattern completion zone at 33.5k. Nice.
Might fail but pretty clear 4h bullish divergence after bullishly diverging on 1h. Bullish engulfing on 1h and 4h. Negative momo still fading on daily.
I'm staying out of this trade but curious to see if this plays out. Target would be around 42k.
Cup with Handle. Handle is a falling wedge. You are trading a bullish pattern inside a bullish pattern. On you of that you have triple 4h bullish divergence on MACD on that wedge. And it's super easy to target and manage risk with very tight stop loss around $57.4. Oil is going up and demand will continue to go up this summer and while XOM is usually correlated...