lucamodena

lucamodena Updated 

Technicals: We have a nice breakout from the descending triangle pattern (green figure) We have an inverted Head and Shoulders patter (purple lines) We have touched EMA1000 and had a nice bounce from it MACD and RSI showing bullish momentum. On the MACD the histograms are creating a bullish divergence in comparison to the price action. What is more...

lucamodena

MADNESS. I will short this crap from 9400 points - it will be probably just before the US presidential elections. GL & HF ;)

lucamodena

Why short?: Bearish Harmonic Bat Pattern Doji star formed at strong resistance zone Stochastic and RSI indicators in overbought territory As always I keep accumulating precious metals. I will be looking forward to add some more gold and silver during this upcoming short-term retracement. GL & HF ;)

lucamodena Updated 

Hi All, As we can see the enormous Harmonic Bat Pattern is developing in a magnificent way. We broke through the multiyear consolidation triangle. Now we follow the Elliot-Wave pattern. Stochastic indicator ready to take-off. In September'19 I opened two short position on GOLD (at 1507$ and 1530$) and took some profits at 1450$. Still holding my second...

lucamodena Updated 

Looks like we will soon test 8400 $ level...

lucamodena

Hi All, It's a bold call given the geopolitical environment we are in right now. There is a lot of uncertainty in the market not only due to the USA vs China trade war but also because of weakening US production and the recession level of PMI indices in the Eurozone in the manufacturing and service sectors. Add to this record high levels of government, corporate...

lucamodena

Hi All, Still sticking to my previous analysis. The price is preparing to break the strong resistance purple line (9500 $). It has been "knocking" on this level 4 times already and now it looks like bulls have run out of steam and this resistance is not gonna hold for long. RSI has still to revisit the oversold territory. Volume has been decreasing for the last...

lucamodena

Hi All, I think we have a big flag formation on BTC here. This is a bullish trend continuation pattern. We recently bounced of the 100 EMA. It's a good sign however the overall price action momentum is bearish (RSI still heading to oversold area - still a lot of space for a drop in price). The most probable scenario here is an eventual break-down of the 100 EMA...

lucamodena Updated 

Hi All, I think we are on the verge of a sharp correction. We just reached the 50% Fibo level There is a beautiful bearish Deep Crab harmonic pattern in play RSI extremely overbought - in fact, only 4 times in the last 20 years we have reached this RSI level (82) What is more I have noticed a very interesting pattern. Since our ATH in Aug 2011...

lucamodena

We just had a retest of the neckline of our inverted H&S patter. Stochastic indicator confirms bullish momentum. GL & HF ;)

lucamodena

Hi All, Another intraday trading idea. BTC reached a descending trendline (blue line) clearly visible on 1H timeframe and is now forming a H&S pattern confirmed by decreasing volume and divergence on MACD and RSI indicators. TP: 10,540 $ GL & HF ;)

lucamodena

Hi All, I think BTC retraced to a strong resistance zone. The is no much space to go lower at this moment. Looks like a bullish falling wadge is in place. Moreover MACD is showing bullish momentum + Stochastic just took off from the oversold zone. There is a nice R/R ratio. Set a tight stop-loss like showed in the graph and wait for the breakout! ;) GL & HF ;)

lucamodena

I expect the correction on BTC to drive the price down till 9000 $ level. However right now we can see a short-term long opportunity driven by this harmonic Bat Pattern.

lucamodena

Waiting for the price to break out of this triangle formation. If it will break to the upside (60% chance in my opinion) I exect the price to reach 14,500 $. GL & HF ;)

lucamodena

During the last pump XRP exploded from 0,25$ to over 2,5$. During the next pump I expect XRP to reach 4$ GL & HF ;)

lucamodena

Hi All, Another altcoin with a bright future ahead - IOTA! TA: Ichimoku gives us a nice bullish signal. Tenkan Sen is crossing Kijun Sen. MACD approaching the 0 line. Crossing it it will be a very positive sign, In 1 year from now you will thank me a lot for this recommendation! See you there! ;) GL & HF ;)

lucamodena Updated 

Short-term rebound on OIL after which sell-off will continue.

lucamodena

Hi All, I am super-bullish on altcoins. EOS is one of my favourites. Technical bullish signal: - price broke and retested a strong support/resistance level (yellow line). - we broke inside the Ichimoku cloud, cloud is turning green - DMI confirms bullish momentum GL & HF ;)