ACH ANALYSIS🔮 #ACH Analysis - Breakout & Retest
💲💲 There is a breakout of Falling Wedge Pattern in #ACH. It's a daily time frame breakout and it's a retesting time. After the successful retest we would see a perfect bullish movement📈
💸Current Price -- $0.01855
📈Target Price -- $0.02670
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ACH #Cryptocurrency #Breakout #DYOR
Bullush
USDJPY 4H Bullish ReversalI was initially under the impression that UJ might be prepared to retrace deeper. if the 23.6% fib did not hold. The Fibonacci level has held up nicely. Yesterday another indecision candle on top of support, and the 23.6%. In addition, the 4H moving average crossing to the upside, the 1H formed a higher low after forming its higher high within this range. I believe price is preparing to breakout bullish to continue its upward trend.
TESLA: How Promising Is the Possible Bullish Breakout?NASDAQ:TSLA
TESLA so far has proven everyone wrong. Hopefully the new earning report and announcements will attract new/existing traders and investors to overpower the market again. As far as technical analysis goes, I think we will need to see a few more bullish candlesticks to call it a proper breakout.
In terms of momentum build up and a proper squeeze in the 'Bollinger Bands' before the breakout the view so far is pessimistic. New push in the volume and price action is a must to convert it into a breakout.
Bollinger Bands & Stochastic RSI indicators are used to study the pattern of momentum in the market. Different types of momentum are also depicted to speculate the duration and size of the possible bullish breakout. The hourly time frame is adopted to keep consistency with the previous idea I posted (linked).
Please let me know your opinion. I will greatly appreciate it.
AUD/USD Bullish Shark Hey traders, looks like there is potentially ample trading opportunities heading into this week. Here's the first of my charting from over the weekend.
First I'm looking at a bullish shark formation of the AUD/USD. Price has been charted on the 1 hour for greater detail of movement, but I will be looking for a sign of reversal from the current price level on the 4 hour chart. Price seems to have found good support on the 4 hour and daily chart, whilst also entering into a key support/resistance zone on the weekly chart (see below).
This week (London Time) we are seeing the Australian Consumer Price Index release early Tuesday morning (2% consensus) and US GDP figures on Friday afternoon. I believe consensus may already be written into the market, but of course any upset in the release data will cause imbalance in the market so this may be one to watch!
Shark ratios are as follows:
C = 1.13-1.618
D = 1.618-2.24
X to D = 0.886-1.13
This trade should have 1:3 risk, with your SL below the area of support (detailed below also).