VEN, pending breakout of key apexI think that VEN is currently correcting and squeezing into a key apex which it will break out of. The first impulse wave up appears to be already completed and following a 1-1 extension VEN has the potential for a 40% gain. The blue box represents an early accumulation zone at the 618 fib retracement level, however I would suggest buying in on confirmation of an uptrend following the breakout of the key apex, placing your stop loss below the apex. VEN has already bounced of the 0.5 fib region for its whole wave retracement so I do believe the market sentiment to be overall bullish for VEN.
Apex
ICX/BTC Ascending Triangle near Apex (Target 0.0011-0.0013 BTC)ICX is in a bullish ascending triangle with an imminent breakout near the apex. Target is 0.0011-0.0013 BTC.
ETC’s Time To Shine!As we can see on the chart above ETCBTC is trading within the trading year at 2 year lows. The rapid price increase in BTCUSD has pushed this pair down significantly. We expect ETC growth to outperform BTC growth in the first two quarters of 2018 and recover BTC value.
LONG Gold (swing setup)TP 75% 1314-1320Mid range my bias toward price of gold is uptrend because confirmation on 12/12/2016 confirm the down trend is over. Now gold is developing triangle or Apex between range @50% fibo ( swing trade setup)
EURUSD Forecast 240After a nice bearish rising wedge and some consolidation. I'm looking for the next drop around 1.10000
CrossroadsWe are in a crossroads between major trendlines here.
This forms a triangle pattern on which you can apply fib-time lines to predict a breakout (0.764 fib-time).
I added some interesting levels and other trend lines aswell.
How to trade it:
Depending on what side of the triangle (bottom / top)
the price is closer to while approaching the 0.764 fib-time,
you can start scaling into the respective trade.
For buys you can wait for breaks of:
231 level
yellow trend line / H&S neck line
blue triangle top
log downtrend (red)
260 level
For sells you can wait for breaks of:
apex level 218.33
210 level
200 level / triangle bottom
192 level
Targets are based on projections of the widest distance within the triangle, down / up from the apex.
For the up target the absolute value is used, for the down target the % value.
If you have any questions please leave a comment !
Good Luck ! : ]
