Going to break this down quickly as already covered this before.
1 - Oversold chart
2 - Inverse Head and Shoulder pattern forming
3- Volume past 3-6 months is Highest ever recorded on this stock since 2014 IPO
4 - Trend - Higher Highs and Higher lows from 2020 lows
1 - Blockchain Play so has serious hype potential
2 - Purchased 500...
VERY simple technical coil here, Bullish Pennant formation, broke above the downward sloping trendline and holding well so far, the chart is very bullish and what I like most about this is most people are either no longer in this or have given up hope past couple of years, these are the same people who will chase it IF it starts to grind higher and go parabolic.
This after its IPO spike a few years back has been punished by the market, however we feel now is the time (and covered on our blog many months ago) that GPRO 7.25% / GoPro 7.25% may be making a comeback, and now that they have released their new advertisement for the Hero 7 with MUCH improved specs this is a good case for a huge recovery as:
1) Coming into...
BTCUSD / Bitcoin is making a weekly falling wedge pattern which is pretty clear, it could mean a reversal is in process however we don't believe we have seen the MAX pain on the space just yet IE where everyone gives up and cuts their positions.
On a number of social media platforms we have been monitoring this sentiment however and it does seem a lot have cut...
Here we have the DXY on the weekly, what we are looking for is a drive lower to push out the now 'Net Longs' and to put them offgurad and to attract short sellers into this market.
Next we next to see a higher low somewhere in the regions of the highlighted area, in order to look for SHORT opportunities in the likes of:
OR by going...
Based on historical pricae action and data showing almost the same type of moves we have come up with these as a potential correction zone for bitcoin to hit.
Of course, it could bounce hard and rally however, it ould be better for a healthy correction to be seen first.
This data was based on 2012 -2016 if you take a look you can spot these very similar style moves.
A potential trade idea however due to FED rate hike potential we will sit this one out likely as volatility may be just to great and the risk is higher on this one, however this is a good one to watch and keep an eye on for June 14th 2017 US Session.
Inverse H&S pattern (forming)
Higher low (forming)
Bullish MACD divergence
This is a market we are very very interested in, fundamentally and now technically price is now pointing to a much higher area in the long term.
We would look at pullback's as value areas to look for long signals as you can clearly see how price is heading after its very long term consolidation period.
This is one very interesting.
New all time highs consistently every week the past few weeks and price is in the middle of a parabolic phase.
We have no idea truthfully where price can go as we have never seen price at these levels, so the next best thing is to use Fib levels to 'guage' where price can go.
We have a wild card prediction on this one as well which...
usdsgd - bullish -
1. falling wedge breakout
2. bullish macd Divergence for a few weeks
3. 50ema cleanly broken
4. 200 ema cleanly broken
NB looking for:
fib 0.5-.618 pullback would be ideal to look for signal.
spx - short -
1. no great daily candle however hidden treasure
2. intraday H&S pattern
4. 60 min MACD bearish divergence
5. key zone
6. double top
*A nice intraday pullback rejection of pivot area w/Fib would be nice.
*Safest stop is hear or above most recent high for safe protection
*Target would be an area of value seen on the daily, ie...
Gold - long
Not a typical one but one that caught our attention.
1. no great daily, potential hidden treasure
2. intraday falling wedge breakout
3. bullish MACD divergence
5. 1260 historical weekly key level acting as support
*Potential to take to the daily fib level for a short term target if Price action goes well.