Bulls seem to be winning in a very bearish market when it comes to Quant $QNT.
The Inverse Head & Shoulders on the daily timeframe is a high-probability trade and one I have now entered and will continue to layer into. My targets are market on the chart at $189 - $222 for an easy 70%+ gain.
The pattern is one thing but what excites me about this play is the...
This chart is pretty self-explanatory.
Head and shoulders pattern has completed and with current Macro-Economic conditions worsening and tightening, I guess this truly was one of those, "Buy the rumors, sell the news" events with the Ethereum Merge.
Not only this, but we are consistently trending down, making a series of lower highs and lower lows. The trend...
At this rate, it’s very tough to be bearish Binance.
I’m highly confident $BNB will hit the targets on this chart within a few months.
Now, as with any position or trade, practice good risk management. There’s a possibility that I’m wrong and I’m prepared to take a small loss if that’s the case.
However, bulls seem to be in control:
1. 4 hours Ichimoku...
This chart says it all. On the daily ichimocku, we were supported at the kijun line (red line) on the 4 hour ichimoku, we are officially breaking back out above the cloud and primed to make new all time highs. The cloud has also flipped green and is now bullish in almost every single way.
I am currently going to be adding my posityon and if we break back down, I...
It's late, I simply don't have the energy to type up a long explanation as to why you should long this pair.
I will say this, I've seen patterns like this enough to be confident that we have an 80%+ chance this trade plays out.
My expected time frame should be between 1 - 2 weeks at longest.
We may see some volatility along the way.
I may be shooting myself in the foot here for posting this before
the daily close, but as of right now things seems bearish.
1. We broke down from our parabolic advance.
2. The sell volume as of 3 days ago was the biggest we've seen
since march. To me, this is a clear sign that BIG money moved out.
And it may signal further downside as retail traders fail to...
Get ready for some volatility.
Elections are just around the corner (tomorrow). We just had the monthly close on Bitcoin which is bullish, but I expect there to be a bit of a bearish move up until the elections tomorrow and through Wednesday in either direction.
There is a slight chance that Ocean may never retest the trend line (painted in black)...
I've used multiple time frames, indicators, and analysis to come to this conclusion.
We were heavily due for a market correction and if BTC fails to make newer highs, ALL Alts will suffer with it, no matter the fundamentals. Ocean has great fundamentals and so I would recommend you buy between the ranges of .20 - .18
As for my reasoning on the pullback, not...