Bottom
USOIL long, Double Bottom, Supply DemandHello Traders !
Nice move on USOIL. We can see a nice double bottom formation and I expect it to go up to the Supply Zone.
Let me know your view on USOIL and what you think about my Analysis.
Please leave a LIKE to support me if you like the Content I provide on Trading View
Thank you and we will see next time
- Darius.
LONG - KAVA - Trading OpportunityAnother retest of support while volume is increasing, book definition of consolidation.
Entry: 0.00011463
TP 1: 0.00012503
TP 2: 0.00013087
TP 3: 0.00013545
SL: 0.00010864
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
MCD Failed BreakoutMCD turned and ran down at a strong previous all time high. The action was on moderate volume. The bottom failed to complete, and a retest of the bottom support levels may develop.
CSCO Struggles to Complete BottomThe CSCO earnings report did not improve the stock price. The stock is still working on what is now an intermediate-term bottom. Volume is average.
WDAY Building a BottomWDAY is working on a final sideways pattern before testing the completion level for this intermediate-term bottom. Large lots have recently created a Shift of Sentiment™ pattern in the Balance of Power Indicator with their large lot activity.
SPLK Shifting SidewaysSPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
NFLX Working on an Intermediate BottomNFLX has moved into the completion of bottom area, but is struggling to hold on to that completion level. Some rotation is present from large lots. NFLX did not have a strong pre-earnings run.
AURORA Bullish Bottom TriangleAurora has formed a bullish bottom triangle on the daily chart. price seems to have reached a bottom hinting at a possible reversal in price.
AMZN Struggling at ResistanceAMZN is stepping back down after testing the completion of a bottom. AMZN did not have a strong pre-earnings report release run. The step back has weak bounce candlesticks. A retest of the lows is likely unless more buyers move in.
Exciting and interesting moments. Some mid term scenario's: from extreme bullish to finding the last bottom:
Small triggers can be enough to create a fast break out, followed by an early FOMO reaction. We are really close. The other extremely scenario is a pull back to the down trend again. Not a very likely, but there is even a small change we need to finish the Eliot wave and find the very last bottom.
I really hope to something in between, so we can build up a strong fundamental base for a healthy bullrun in the next 1.5 year. A longer period for the bullrun is even better to give bitcoin and alts the change to improve their technology and acceptation by institutions and governments.
Lets see what comes folks!
Large Upward Movement Due on XRPUSD ChartLarge Upward Movement Due on XRPUSD Chart
As shown in the weekly chart, XRP has seen a large upward movement an average of every 259 days with 280 days being the longest period betwen large movement. We have now reached the the point of average days in between which means a large impulsuve move should be due within the next 20 days if history rhymes. We have recently broke out of a descending channel after bottoming with tweezer top candles on a large support level followed by two bullish engulfing candles through two levels of key resistance. The next move after a potential consolidation will take us to the next resistance level at 30c followed by a break towards the larger macro trend line that has formed since February 2018.
