Posting about ZIL for 2 days in a row because I really like what's happening here. Market is a bit confusing right now but wouldn't it be amazing if this pair broke out of consolidation off of this diamond pattern? :) Not trading advice.
Currently attempting to break that double-bottom neckline. If confirmed, opens up a run to range resistance for a possible bullish breakout scenario... The bottom is probably in, folks! :)
Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see...
Adding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone. Note also the downward volume trend as price consolidates further. Looking bullish to me honestly. BUT... This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even...
A bit of momentum on the bulls side might finally push the price higher and out of this descending broadening wedge. A confirmed break opens up a run to new ATH and into price discovery mode.
From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal. Just needs to break that neckline around 0.0000233
Breaking that key 0.0265 level is pretty significant IMO. While we still need to wait for a HTF close (e.g. daily close) to confirm, something tells me the bulls have momentum on their side and we may see further breaks of resistances in the near term. Current resistance is a trend line resistance drawn from the 06-JAN-2021 HIGH.
LINK is killing it with its recent rally and looks to re-testing 18.80 key resistance level. Break that on a weekly close basis and higher chances for prices to run new ATHs.
Currently at support and forming a potential breakout setup off of an inverted HS. Let's see how it deals with that neckline if the buying pressure persists.
Breakout setup back in play. Waiting for a weekly close here but not beyond me to entering small and early if LTF price action shows a strong possibility.
Wedge top breakout with follow through sell-off. Seeing support region at 1.1230-60 and bears will be looking to flip that to continue sell-off. On the other hand, bulls camp will look to buy at these areas. We might see a broad trading range going forward. Neutral for now but looking to buy until we see a clear break below support.
LAZR : Nice consolidation within a symmetrical triangle / wedge . Ready to break. A break to the upside would give us a first potential target of 46.50 usd + Wait for confirmation before entering as it could also break to the downside. One concern: the 200 MA is quiet far. But I'm leaning slightly bullish based on the Tenkan support (Blue line-Ichimoku). Trade safe.
Seeing the bearish case suggested in previous posts getting stronger. Let's see if it re-tests that neckline from here.
It can be argued that we are seeing a breakout and re-test setup for this pair. If we work under that premise, it's reasonable to to expect a subsequent test of the 19.00 levels for a new ATH attempt. But only if 15.80 holds. Otherwise, more sideways to down are likely. Looking for a strong bullish close in today's candle.
Another one I am watching for a potential breakout setup. Will let the chart speak for itself on this one.
See related idea for a bit more info on this setup. If breakout is confirmed, reasonable target to would be 0.90 area representing a measured move from the inverted head and shoulders setup (see weekly chart in related idea).
Yes, please. ;) We may still see more trading range price action (note the lackluster volume) but as long as 1,125 holds on a daily closing basis, short-term buyers should be on the right side of the market.
Support level at 1.26 and price action seeing increasing buying pressure, so at the least a possible short-term opportunity for the bulls.