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Bullish Rectangle

$REI Bullish RectangleRing Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2020, the company's proved reserves consisted of approximately 76.5 million barrel of oil equivalent. It also had interests in 18,712 net developed acres and 6,650 net undeveloped acres in Andrews and Gaines counties, Texas; 18,256 net developed acres and 212 net undeveloped acres in Culberson and Reeves counties, Texas; and 8,085 net developed acres and 24,830 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in Midland, Texas.
AMEX:REILong
by BADQOMOCAWGOWLD
Ripple XRPUSD - Ascending channel + Elliott Wave- On the chart we can spot an Impulse Elliott Wave and ascending parallel channel! - As you can see we are currently at the 5th wave to the upside, which can be huge! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - The coin started this uptrend by the Head and Shoulders pattern. - Target is top of the channel or 1:1 fib extension! - New all time highs are near than you think. - The volume is decreasing, which means, that a big explosive move is coming! - If you want to see more of these ideas, hit "Like" & "Follow"!
BITSTAMP:XRPUSDLong
by UnknownUnicorn2537518
9
Compound COMPBTC - Bullish rectangle + Descending channel- Compound - COMP Rank #57 on coinmarketcap. - On the chart we can spot a huge bullish rectangle, which will break up very soon! - Also we can see a descending channel, which is also ready to break up! - Profit target is below ALL TIME HIGH - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"! - See my related idea about COMPUSDT below in the related section.
Long
by UnknownUnicorn2537518
5
0x ZRXBTC - HUGE Falling wedge - ZRX is prepared for a great pump very soon! - Check my related idea about 0X vs USDT below! - On the chart we can spot a falling wedge, which is very close to a breakout. - The price is consolidating within Rectangle bullish pattern - Also, we have a double bottom reversal pattern. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
EOS EOSUSD - Rounding bottom + NEW ATH soon!- This is my analysis for EOS , a lot of poepole asking about why EOS is not pumping. - On the chart we can see a rounding bottom or cap and handle formation, which is bullish . - After a rectangle consolidaton, the price started with an Impulse Elliott wave . - First target 1:1 / below all time high. - RSI is ready and volume favors bulls. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
BITFINEX:EOSUSDLong
by UnknownUnicorn2537518
7
Link LINKUSD - Road to 100 USD! + HUGE parallel channel- Link is very bullish on the weekly time frame. - Target is top of the channel or 0.618 FIB trend-based FIB. - If you take a look at RSI we can see, that this oscillator is ready for another pump! - We can spot an ascending channel forming on the weekly timeframe . - Previous swing high acted as a support + bottom of the channel! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
COINBASE:LINKUSDLong
by UnknownUnicorn2537518
5
DFI.Money YFIIUSDT - Rectangle Bottom Formation + Breaking out!- DFI.Money YFII - Rank #274 - On the daily chart we can see a rectangle formation, which usually leads to explosive moves! - Target 1 is 1.618 FIB extension, but I beliave the price will be much higher than that. - YFII is really ready to pump very soon! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
YLong
by UnknownUnicorn2537518
13
SmartKey SKEYUSD - Elliott wave | +100,000% | New coin!- SmartKey is currently one of the hottest new coin out there! - Coinmarketcap current rank 2741, market capitalization $299,830,897, max. supply of 1 000 000 000 SKEY coins. - You can buy SKEY for example on the UniSwap exchange using your wallet (metamask, coinbase wallet...). - Do not forget to check my related idea about BTC.D (alt season), you really do not want to miss it! - SmartKey is the missing part of the puzzle that connects the world of decentralized finance (DeFi) and blockchain with the world of physical assets. - The coin started with a first successful Impuls Elliott Wave, which is genrally a sign of interest. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - I recommend to buy this coin ASAP as the FOMO can starts kicks anytime soon! - If you want to see more of these ideas, hit "Like" & "Follow"!
SLong
by UnknownUnicorn2537518
42
USDCNH | Perspective for the new week | Follow-up detailsAfter been stopped out of the bearish expectation on my last speculation on this pair (see link below for reference purposes); the price found bullish potentials as it broke out of descending channel to find a new high. Despite the new digital yuan tendency of increasing the international usage of China’s national fiat, I am of the opinion that the positive momentum noticed during the Breakout of Bullish rectangle (CNY6.45000 and CNY6.50000 range) on the 27th of July 2021 is a bullish sign and has the potential of extending to the CNY6.5500 level and beyond in the next couple of weeks. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Channel Observation: i. CNY6.5000 level which has been a significant zone that resisted price action in the last 3 months was finally broken with a bullish engulfing candle and I suppose this event reveals a bullish momentum building up behind the scenes. ii. Bullish Rectangle: In the last 40days, the price has been moving between horizontal support and resistance levels (CNY6.45000 and CnY6.50000), a feat indicating there has been no trend. iii. The Breakout of the rectangle on the 27th of July is presently considered a false one considering the two bearish engulfing candles that followed it. iv. Despite the bearish run following the breakout, price is still contained within the rectangle hereby fortifying hopes of a second breakout. v. Above Key level @ CNY6.46000 remains a comfortable zone for selling the Chinese Yuan in the coming week with possibilities of the second breakout of CNY6.495000 welcoming an opportunity to add a position. vi. I have also noticed that since finding a bottom @ CNY6.35000, there is the appearance of an Ascending channel where price formed two positive sloping trend lines drawn above and below a price series (resistance and support levels) detailing an uptrend in price. vii. It is also worthy to note that, the Key level @ CNY6.46000 is a significant level for bullish momentum as it has a memory for buying power as far back as 2016 (see weekly chart below). viii. A further Breakdown/Retest of CNY6.53000 might welcome addition to the existing position... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 800 pips. Risk/Reward : 1:4 Potential Duration: 7 to 15days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
BTCUSDTBULLISH RECTANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. When bears enter the market, a consolidation period starts and rate gets contained within a specific range, where bears are creating a resistance at a certain rate, and bulls are creating support at a certain rate as well. Bulls then break that consolidation, and the exchange rate continues its uptrend. Let's break down the pattern formation! In an uptrend, price action finds the first resistance (1), which will be the horizontal resistance for the rest of the pattern formation. Price action reverses direction from the first resistance (1) and goes downwards till it finds the first support (2), which will be the horizontal support for the rest of the pattern formation. Price action reverses direction from the first support (2) and goes upwards, till it finds the second resistance (3), which will be around the same rate of the first resistance (1) Price action reverses direction from the second resistance (3) and goes downwards, till it finds the second support (4), which will be around the same rate of the first support (2) The pattern is completed when price action reverses direction from the second support (4) and goes upwards till it breaks the rectangle's upper border at point (5) Before the breakout, 4 touches to the rectangle's upper and lower borders are the minimum for a valid pattern, more touches are acceptable. After the breakout, retesting the rectangle's upper border, which was a resistance that turned to support, is highly possible. The most common direction of the pattern is a continuation, but that doesn't rule out the existence of reversal rectangles. The target measurement in that case will be applied from the lower border's breakout rate. Volume usually increases when breaking or retesting the rectangle's upper border (5) This pattern is commonly found on all time frames. Entry: after breaking the rectangle's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border. Take profit: identified by measuring the vertical distance between the rectangle's upper and lower borders, that measurement is then applied from the breakout rate (5) Stop loss: the rectangle's upper border, which is a resistance that turned into support after the breakout.
Long
by Adam-Robinson
DFI.Money YFIIUSDT - Rectangle Bottom Formation- On the daily chart we can see a rectangle formation, which usually leads to explosive moves! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - Target 1 is 0.618 FIB and target 2 is below all time highs, but I beliave the price will be much higher than that. - Check my related idea about DFI.MONEY vs BTC in the related section! - YFII is really ready to pump very soon! - If you want to see more of these ideas, hit "Like" & "Follow"!
YLong
by UnknownUnicorn2537518
3
AUDUSD | Perspective for the new week | Follow-upPrice has moved over 200pips in our direction since my last publication (see link below for reference purposes) and it appears there is still room for a rally in the nearest future! The Aussie flourished against the Greenback on Friday by breaking the existing Supplication barrier @ $0.78000 to hit a new high in over a month. Figures were driven higher by surging commodity prices and a plunge in U.S. Treasury yields coupled with reports from U.S. jobs data release for April coming in well below expectations resulting in the Greenback hitting its lowest in more than two months. Current development suggests that the Breakout of Channel during last week trading session raises hopes of further rise in the coming week(s). Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Channel | Trendline Observation: i. Following the Impulse leg (13th April 2021); The appearance of a Channel graphically represents the peaks and troughs of price action over the last 22 days. ii. The Channel is also a clue to the indecision that prevailed in the market before culminating in a Breakout during last week trading session. iii. I am of the opinion that this Breakout is a signal that a Bullish continuation is imminent hence the need to look out for an opportunity to take advantage of the rally. iv. In this regard, I am anticipating that a correction into the $0.77400/0.78000 area in the coming week(s) could incite a trigger. v. To be on the safe side for a rally continuation, anywhere above the Key level @ $0.77700 should be an appropriate zone to join the train and should price decide to dip further, I have identified Buy window II for buying opportunity. Trading plan: BUY confirmation with a minimum potential profit of 180 pips. Risk/Reward : 1:5 Potential Duration: 4 to 7 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
NEM XEMBTC - ULTIMATE Bullish Rounding Bottom + BREAKING OUT!- On the weekly chart we can see a massive rounding bottom / reversal structure! - The price is currently breaking out of the local bullish rectangle continuation pattern. - I am expecting massive ALT SEASON this year, so be ready and be sure to check my related ideas about other interesting coins! - 2 previous highs have been destroyed by the bulls today and we should expect breakout and intra-day traders to join to the party. - Also this can be a great opportunity for long term investors as well as this whole weekly structure established in 2015 can be bullish and there is a chance, that we can definitely reach ALL TIME HIGH this year. - Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓ - Elliott Corrective structure (ABC) has been completed successfully. - I will release a new idea about XEMUSDT pair on the weekly chart soon! - Out profit target can be 0.618 FIB or near all time high. - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
15
Cardano vs Ethereum ADAETH - 2021 year of the Cardano- Cardano is ready for a massive breakout to the upside in compare with Ethereum. - On the weekly chart we can spot a bullish rectangle consolidation pattern. - If you take a look at volume, we have a massive historical volume confirmed! 🎈 - Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓ - There is a huge FOMO around Cardano on social networks. - Don't miss my upcoming updates and new ideas. - We can exchange back to Ethereum on the ATH Resistance level. - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
8
TESLA ANALYSIS: STOCK MARKETHello everyone, I hope you all enjoyed your three day weekend! Here is my analysis on Tesla, please let me know in the comments below on what you think of this video. This is not financial advice it is up to you on what you want to take on it but I would love feedback. The purpose of these videos is to help educate the public on how I see trading. I also want to say thank you all so much for all of the support and love, I was in a great slumber and now I feel more motivated than ever with all of this support! ~Master Chef out. P.S. If you want to know why I call myself Master Chef lets get this video to 45 likes and I will let you all know!
NASDAQ:TSLALong
by MasterChef23
1
CHFJPY | Perspective for the new weekThe Bullish run that begun mid-November 2020 gets caught and sandwiched in a Bullish rectangle pattern until it finally broke out of the range last week. This development hereby gives rise to a trading opportunity that we might exploit in the coming week(s). Tendency: Uptrend ( Bullish ) Structure: Channel (Bullish rectangle) | Breakout | Supply & Demand Observation: i. Bullish Rectangle: This pattern is described by horizontal lines showing significant Demand and Supply level which has been respected since late last year (2020). ii. A successful Breakout of my Key level @ Y117.250 during the course of last week trading session is a signal pointing towards the idea that price might be anticipating new highs in the coming week(s). iii. After the Breakout, price is presently going through a corrective phase and patience is required to ascertain where Buyers are going to resume the rally. iv. My new and propose Demand level in the coming week shall be around Y116.650/117.200 where engulfing candle springing out of this zone might be a signal to follow. v. It is important to state here that if the price significantly comes down Y117.250 and extend into Y116.400, I shall revert to my previous set up on this pair (see link below for reference purposes). Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2