Now it's time for alt party!!!
As you can see the trend is upward and I'm looking for an opportunity to enter a long position.
The down trend line (X) has been broken with good volume and the pullback to the line is completed.
I use the fib extension to determine the targets. I think it's a good time for investing in UTK/USD for at least 28.5% of profit.
As you can see Tezos(XTZ) was in a triangle and now the price crosses over the top line of the triangle which is a good signal to buy.
If the pullback is completed to the zone(B), and a good bullish candle pattern occurs. it's time to enter the position.
Target1: C (10%)
Target2: D (20%)
Stop Loss: Below A
Caution: due to the uncertain...
According to my analysis, DIA is in an uptrend channel. so we are looking for a buy position. if you draw the descending trend line(X) in 4h chart you can see the price has broken up the trend line(X) with acceptable volumes and at this moment a clean pullback can be seen on the chart. additionally a strong support(A) is under the price that we expect...
In this analysis, first of all we draw trend lines and support and resistance zones, then we track the ponds price which is at the level of the support zone(A) and also is at the floor of the trend Line(Y).
So in this case I draw falling trend line(x) which is weaker than trend line(Y) and use it as a guidance.
scenario A : If the closed price breaks up the...
Hi everyone !
As you can see BTC bounces in the yellow channel and right at this moment it moves in a pennant.
so in my opinion we should wait to see whether it will breakout trend line (A) or (B).
If the closed price of the last bar breaks up the (A) line, so as a trend following strategy we can imagine that the price will go up to point (C). and if the closed...