3rd lower high ? right shoulder of H&S ? 50 MA moving further down closer to death cross ? Just so weak even after that good rally the other day. Working on a bearish engulfing candle today as well unless it catches some bids by 7pm today.
Backtesting prior resistance right now. Still lot of upside and huge volume coming into this asset.
It's just not dropping to test that lower resistance. Bullish ? Bearish engulfing candle yesterday and it's just shaking it off right now. So stop loss under support and let's go then !
Ooohh...this looks good too ! A lot like Jagx right now. Double bottom in an uptrend. Backtesting neckline now. Measured move potential of 40% ish. Easy risk management with stop under the resistance / now support area. Needs to come down a tad more today then let's go !!
If BTC can clear that resistance then target areas listed above. But has to clear that area first
Need a candle close about this resistance line, then I can truly start to believe !
Prior Gap fill spot acting as resistance. if we clear this spot it's almost straight up !
Broke out of the consolidation area with some good price action. Still little under hour till candle close but nice first day for a trade. Gap fill above and great upside potential on this trade.
Can we push thru !!! Great price action after that bullish pin bar candle today. Come one we can do it !!
Another view / idea for OIH. Lot of hype lately on this trade. Looking at it this way looks like it's up against 2 diff resistance areas. Pullback is needed for sure just how far it falls is the question. CPI numbers out tomorrow so the a lot of peeps waiting on that number before making any moves as well.
78.6% retrace. Breakout of the channel it was in a little while ago. Double bottom. Closed above all 3 moving averages on daily. What's not to like ?!? Good entry point with hammer yesterday off the avgs. Getting ready to break out of the consolidation it's in. Easy risk management / if candle closes below avg's exit and move on.
BTC never backtested the underside of the triangle....or is it a rally ? the daily has an awesome lower wick on it...we'll see what happens.
Missed the bottom but this asset recently completed 88% retrace similar to FUBO and we see how that one went. I entered into long today here. Nice upside potential and 16 mil volume today is dammmmmm good.
Triangle breakout to the downside. damn.
ARKK invest etf showing a breakout of descending wedge. Backtest tomorrow for an entry hopefully.
Perfect example of keeping an eye on volume. Here GAN is up 5% and working on a bullish engulfing candle. Then you look at the volume and it's not even anywhere close to it's avg 10 day volume...(white line). 300k volume. Fake price action used to lure buyers in. My opinion anyways. As pretty as a setup this was the volume just isn't there to stay in this trade.
Working on a nice bullish engulfing candle after the little pullback. Still some hours left to go today but looking good so far.