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BAYN: Long (end of cycle + support)Hello everyone!!! Bayer AG at the channel support. There is hope for the end of the bearish trend that began in 2015. Additionally, according to the cyclical analysis, we can see the completion of a cycle of 1610 days (or 230 weeks, or 4.5 years). The cycle was repeated 7 times: of which 5 times there was an increase in the share price and 2 times - a fall. Therefore, this time too, we can expect the price to rise at least to the slope and horizontal resistance lines - about € 79 or 70% = take profit. My stop loss is set at € 42.610 (about -12% and 3% below the last local low). As for the indicators, the background is bullish. However, there was a huge bullish gap in 1996 and it has not been closed until now .... I plan to increase my position using the pyramiding method. Not a recommendation, not advice. I wish everyone a lot of profit !! PS Bayer AG - is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include human and veterinary pharmaceuticals; consumer healthcare products; agricultural chemicals, seeds and biotechnology products. The company is a component of the Euro Stoxx 50 stock market index. Werner Baumann has been CEO since 2016. Founded in Barmen in 1863 as a dyestuffs factory, Bayer's first and best-known product was aspirin. en.wikipedia.org
XETR:BAYNLong
by Dr_Chester
1
The double bottom scenario! As I was doing some restructuring of my previous lines on the chart i came across a slight switch up of future direction in the medium term. Based on my time adjusting my BTC chart i have been pushed slightly more to the bullish side based on both technicals and fundamentals which have arisen, and are slowly shifting the narrative over the markets. My reasoning will be discussed blow in terms expressed simply for those who are new but technical enough to be applicable to those of a experienced background on markets. 1) Flag formation (neutral): although the flagpole originates from a bearish direction the flag is seen as a downward trending slope. Therefore technically it can be argued that the formation can both be interpreted as bullish or bearish, depending on the signals being created within the flag. I shall be explaining why my view is more bullish than bearish in my opinion. 2) Double bottom (bullish): This formation is known widely as being a bullish sign or bearish if it is inversive. This formation is more powerful based on that fact that it also forms a bottom for the flag formation increasing the likely hood that it will reverse. Although the neckline of the formation cuts through the Golden pocket of the fib retracement which will act as strong resistance for price to break through. If price breaks this area it will be seen as an additional point of confluence. Thereafter there is not much resistance between the Golden pocket (GP) and the Target point (TP) which sits at the $38.8k mark. My medium term prediction for the the price based on the fact that the technicals are looking good as well as the narrative is beginning to shift, should be around $41k, which is labeled as the 50% fib level. Although this may look easy to achieve, it surely wont as the bulls would have to step up to break above the strong resistance levels that lie ahead of the $40k mark. NB: Be advised that all technical indicators and formations expressed are based on my personal opinion and limited knowledge in the field of technical analysis. Don't base any trade off my opinions but rather take it as a perspective upon your own research and analysis. Thank you for reading up until this point of the article. All likes and comments would be much appreciated, and if you have any thoughts on this article feel free to express your opinion whether it is good or bad. #notfinancialadvise #tradingview
COINBASE:BTCUSDLong
by Crisp_Flow
XRP LONGDAILY: First up we are still bullsh, price is above the 200ema which has shown strong rejection. Long term resistance turned support has been honored with several rejections. We have also seen the MACD cross with bullish volume presenting itself. 4HR: 200ema rejections forming nice support. Price has really tested and struggled to break through support. RSI is above the midline, which could indicate sentiment reversal. 1HR: Is currently claiming minor higher higher combined with higher lows, we want to wait until price hits 1.1015, if price breaks this resistance level we want to look for a retest to enter, then a continuation to the upside p [otentiaslly all the way to previous structure highs of 1.5981. Let me know your thoughts on this one, are you bullish or bearish on XRP?
Long
by Richie_the_trader
3
GBPJPY - Bullish Movement Ahead?After some Swing Trading analysis, I have been looking at taking a Long position on GJ. Using previous key points, Price recently returned to a bullish trendline after a positive move over the past several weeks. To back this up, price has broke above a previous resistance area. I am now looking for a retest at the Resistance (Or new support) area as an entry, in hope price continues up in the long run. One thing to consider is that there is a large WEEKLY bearish trendline, that price is approaching. Keep an eye on that level incase position traders influence the market too much.
Long
by LKFXTrading
Bitcoin is a beast!Bitcoin today never closed a 1h or 4h candle below 51k, which i think is very impressing at these high levels. The only thing the sellers achieved today was a higher low (again). The sell offs seem to get bought up faster and it seems almost imposible for BTC to even test the heartline off the parallel channel again. Under this condition i think its very likely we gonna see a test of the supply line of the channel rather sooner than later. Like i mentioned in my other post i believe if we see the top off the channel i think BTC probably gonna break it like in the run up mid december where it broke the broadening wedge and flipped its supply line into its demand line which was brutally bullish and BTC never saw prices below this demand line ever again. i normaly dont like to chart on the small timeframes but in this case it helps to understand the behaviour of some altcoins like (comp or maker) which show similar behaviour and just dont want to take off. Its also a reason for the declline of positive momentum on the 4h MACD histogram which i believe is not gonna show red in the next couple 4h close's and probably gonna just pick up positive momentum again because on the 1h the negative momentum is allready waining and now showing potential hidden bullish divergence (which seems to be the pattern of the month) if bitcoin can stay above this downsloping trendline which was a supply line before (also visible on the 4h), the likelihood of a retest of the recent ATH is very high. Especially with the 4h closing a bullish engulfing after this day of consolidation. btw. I am still in my long trade that i opened at the 49k level and as long as bitcoin closes 4h candles or even 1h above 51k i am not thinking about closing this trade. Lets see how this plays out :)
COINBASE:BTCUSDLong
by luyestefan
1
XAUUSD (Gold) | Long Term | Trading Plan | BullishAs per my very own analysis of weekly chart, GOLD (XAUUSD) has been moving in a BULLISH flag pattern since it placed its record high of 2075. I am expecting gold to drop till 1670 to 1690 area as a weekly pattern correction and it will take a huge pull back from that level. The buy setup would be properly completed and GOLD would be fully ready to target 2300 and above around June/July 2021. Today is 9th Feb 2021 and gold is trading around 1820-1830. I expect it to drop to early 1700s within 2 to 3 weeks and it might give a sharp drop below till 1670 to 1690 area. Incase the drop till 1670 doesn't happen, there is a good chance that gold can bounce off around 1800 level and then up towards 2300. My analysis is only based on technicals. I don't really count on fundamentals.. as fundamentals are bound to happen to help market move according to techincals for achieving their already defined pattern :) Disclaimer: This is just my analysis and maybe wrong. I will not be responsible for any unfavorable outcomes. Always enter your trades with a safe size with respect to managing your risk and equity.
FOREXCOM:XAUUSDLong
by samialvi
1
XAUUSD Bull Breakout Gold is looking very good right now for a buy. Down trend line on the daily has been broken upwards with a strong bull candle. Look to enter on the retrace at backside of trendline to buy this upwards to next resistance area. Entry @ 1900.00 area TP @ 1960.00 SL @ 1880.00 (this would mean price is back under trend line and created a low under the up trend line. Remember the number one rule of Forex: Look left. Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple 2020 Growth: 206%
OANDA:XAUUSDLong
by cvfxwealth