So far ADA failed 3 unsuccessful attempt to break above the trendline. However the recent move shows us that there are strong support and buying interest at .80-.90 range. meaning there is a high chance that it could break the trend this time. I'm waiting for a final touch at .86-.86 to go long and planning to take profit around 1.15, 1.57, and 1.8 area. Good luck all
H guys, With this current selling pressure, we have strong supporting trend at 173- 175$ are which have formed since 2016. I believe we will see a sharp upward reversal in that area. However, with the earnings coming up in April 27th and seeing how Netflix performed during the earnings, there is a big chance that FB could follow a suit and sharp drop to...
Hello, SPY had a large sell off due to recent FED hawkish stand. Currently we created a support trendline since mid April and I believe the middle purple box would be the most likely bounce back area which is at 426 -422$ range. I believe we are due for strong pullback to 437$ by next week and RSI will also hit the support area . Here is my bearish long term...
Hi Guys, DOT finally looking bullish here. I'm watching closely on how it would react at the key resistance area around 23$ range. On the pull back if it can stay above the key support area 15 -16$, I'm planning to take a long position with the target price of 29$
Dot almost hit the upper part of the ascending channel. However, I'm seeing a major pull back as the price action doing high highs while RSI indicator doing lower highs. This showing a bearish divergence on daily chart. I'm taking a short position on DOT as it shows excellent risk reward ration.
Due to large bitcoin dump, a lot of the alt coins pulled back after breaking out from the trend. However, even with the pull back XLM still trying to breakout from the cup and handle for the 2nd time. I created a entry and stop loss points
Hey guys this is my analysis for bitcoin. Bitcoin is right now in a corrective move and if we can break above this downtrend channel, we will probably test the previous break below point which is at 52k, and if we can break above that level we will test 56k. Otherwise, if we get a strong rejection and fails to break above 52k we will probably see next buy...
XLM breaking out from the cup and handle. I created the risk reward ratio for entry and stop loss
XLM is next for a breakout. I added the stop and entry price
Alt coins are all running one by one. Dash is almost ready for a bull run as it's breaking out from bull flag. Waiting fora break above 146$ to take a long position.
There is a cup and handle formation on Link. I created the entry and profit area. 38$ pt
Completely found this ticker by accident today after eating here this morning. Snooped through the chart, and what do you know? It's breaking out from the falling channel in a cleanest fashion possible. Waiting for breakout above 145$. Pt 165$ Risk to reward ration 5:1. If there is any ticker you want me to analyze pls let me know.
After 6 months of nonstop drop, reverse split, common stock offering this company finally heading for a bullish direction. With rapid increase in shipping cost, good cash balance in hand, and a technical set(bullish divergence with double bottom) this stock is definitely going to run soon. In conclusion: Bullish reasonings: - Technical: double bottom,...
Created a head and shoulders, broke the neckline and retested the neckline. The entry looks perfect.
Hello all, Since bitcoin broke from 29-40k channel, we are in a strong uptrend. However, the price momentum showing weakness as daily RSI showing bearish divergence while the price going up. Looking at the fib level and previous breakout points, we are in a 3rd impulse point of Elliot wave which will end at 51300. From there we will see some corrective movement...
after 6 months of continuous downtrend, it's finally getting ready for a breakout. Indicators showing bullish divergence and a bounce from the support. The falling wedge is about to breakout, i think this is a great play.
As you can see it just broke from inverse head and shoulders and retested its breakout. This is the most text book bullish chart. Seeing potential run to 155$ soon
For bullish case: Roblox had a massive run day after its earning report. There is a strong support around 72-75$ range, the down trend from after market sell off will create a nice double bottom and a nice retest for a triangle breakout. This could trigger bullish momentum where it could possibly test its ATH. Bearish scenario; The price couldn't create higher...