the REPUSD chart has formed a cup and handle pattern on the 1w timeframe, it is close to breaking out of the top of the pattern
Warning: This crypto moves slow compared to others so could take a while
In the coming weeks if it breaks the topside resistance of $24-$25 it could chase the wicks at $31 and $37
Entry: Strong volume break over $24-$25, or white...
Bull Pennant on OXTUSD 4hr chart
Has also just broken out of descending triangle (to the upside), so this is a good continuation pattern/play. High conviction
Duplicating pole gives pt of 0.42, but over 0.37 could honestly fly to previous highs
Really nice setup:
entry would be at bottom white line
Stop loss would be if it breaks below instead of upwards
The 4hr chart on OMGUSD is setting up a nice symmetrical triangle pattern.
Normally the pattern can break either way, but it seems it is leaning towards the upside because the daily MACD is close to crossing.
Entry would be your own judgement, either green line bounce if you are risky or a strong (volume) break of the red line.
Stop Loss would be a high volume...
Without all of the lines drawn, GRT/USD is forming a large cup and handle pattern.
The buying volume increased on GRT as it formed the second half of the cup and the selling volume is decreasing as it is forming the handle right now.
I charted 2 resistance lines (RED) and 1 support line (GREEN)
Elliot wave 3 will start at the upcoming support line and will...
The volatility index is in a downtrend similar to before the march correction. The blue lines are price targets/areas of resistance.
Within 1-2 weeks from this post:
The price will cross over the trendline or we will see more reversal candlesticks
The macD will cross
There will be a bullish divergence on MacD
This chart lines up very well with the chart I...
Undoubtedly we are in a big bubble. Nobody knows when it will pop and it is mainly related to EV companies and "but look at their future in 10 to 20 years." Tesla has an abysmal p/e ratio compared to any other auto maker which appears to be a dying stock category. As I said above, nobody knows when it can pop and nobody knows how far into the bubble we are....
I believe the market is due for a bigger correction in the coming weeks than the ones we saw in September/November
The UVXY chart is showing similar patterns to the previous March crash:
1 - Bullish divergence on the RSI
2 - Both a larger double bottom from before March crash to now, and smaller double bottoms at each area
3 - Rapidly increasing volume which...
I think we see short term upside to the 110 resistance area before it makes its B-C Wave correction to fill the gap below.
There is a bullish divergence on the rsi vs the chart which points to shortterm upside
In 2 instances on the lower lows, when a support area is hit buying volume picks up for that day.
Volume is also declining, and eventually will break...
3y chart of CVS has been an inverse head and shoulder
The fair market value of this stock is around 90, which is a 30% upside.
The Inv Head and Shoulders + The vaccine being delivered throughout the year, could see 90+ by the end of the year
SUPER Bullish on this
RSI Double Bottom Divergence while the chart has higher lows
Symmetrical triangle with decreasing volume (usually follows previous trend)
Green Doji candle with a close over $30 which is a big resistance
We will have to see tomorrow what happens but overall price target is 55-60
LAZR has been forming a pennant/symmetrical triangle formation while the volume has been declining.
The final price target after breaking out from this pennant is $68-$70 based on range boxes and extending the original bull run pattern
I think that LAZR will hit $50 before pulling back to $40 and then it will continue on its run up to 65-70
This is also my...