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Butterfly

ReNeuron Group (RENE) ... a little gene therapy ??Here's something for you punters and long haulers. From TV: ..... ReNeuron Group Plc engages in the development of novel cell based therapies that target significant areas of unmet medical need. It develops its core stem cell assets such as CTX neural cell line and human retinal progenitor cells. The company was founded by John David Sinden in 1997 and is headquartered in Pencoed, the United Kingdom. RENE last 92% of it value from the fall of 2019 and has clawed some of that back in recent weeks. RENE trades on the LSE and the OTC but ususally by appointment. Apparently the analysts love it. (that scares me sometimes) This may have a chance if the high of February is taken out. The chart suggest is a fairly good Harmonic Butterfly pattern on this weekly image. Targets and a Stop have been marked, suggesting a RR of just over 2.5x . I am mentioning but probably not playing. ( depends on broader market sentiment and Biotechs in particular.) This company presently does not turn a profit. Earnings reports are expected mid July. Not investment advice. As always do your own due diligence, respect broader market and wold events. Good luck S.
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by Steve666
1
EOS USD | Bullish Butterfly | Spring Back Test Of Spring Hey what's up everyone, EOS is looking insane right now. The stage is certainly set for much higher prices and these are some of the lowest risk levels. I mean just look at the picture of the weekly chart I included, you have a major inflection zone that goes all the way back to 2018. These are levels that buyers historically defend, I want everyone to notice the orange arrow I put on the weekly chart of the spring back test of spring that happened in January 2019. After the successful back test of spring the asset appreciated almost 300% in 119 days. Well it just did the exact same thing. Now look at the illustrations I made on the 1st picture, after it broke the zone it made the lowest low of the correction and then rallied and made a higher high than the previous local high and then it sells off and makes a higher low than the previous low while back testing the inflection zone confirming accumulation hence the "spring back test of spring". The sell off and higher low after the rally is what's important guys, that development is major trend reversal type stuff. So many other coins did very similar stuff but didn't make a higher high on the rally and made the same low on the sell off. This is an awesome trade setup that is also extremely educational. Again, this could all fail if bitcoin collapses but If you take trades with these variables you will be a very successful trader! Targets are as followed $3.87, $4.70, and $5.48 Ps. The daily hidden bullish divergence on both the MACD & RSI is starting to playout implying price action continuation to the upside. The daily RSI rejected the bearish control zone twice and just got back to 60 in the bullish control zone which is exactly what we want to see. Oscillators look great and primed for much higher prices. Much Love Just.IN BITFINEX:EOSUSD
BITFINEX:EOSUSDLong
by ThisJust_IN
1
Does anyone think that USDCAD could rise from current? Hmm...My previous long-term idea was based on a fact that triangle could be broken down. Looks like there is good dynamics on it. However, we could see that a pullback has lost a dynamics so I do think that my previous idea is under a huge risk now. So I have tried to make an alternative forecast and see what could happens if USDCAD doesn't fall more. Attention. It is not a setup or forecast. So, I really don't recommend anyone to trade based on it. Because I still believe that pullback can completes soon and price could falls further. Use this only as additional education analysis of how Channels, Harmonic and Double Top are working together.
by UnknownUnicorn163516
1
Butterfly@1.272XAThe " Bearish Butterfly " it's close to completion and close to give us a clue weather it's going to reject the price or letting go, but nevertheless I do confirm this a nice edge to look for a short trade! Setup Rules: 1. Harmonic Patterns Completion ( Bearish Butterfly@1.272XA) - 95% Complete ; 2. PRZ Hit - Waiting; 3. PRZ Test -Waiting; 4. Candlestick Reversal Sign - Waiting; 5. Candlestick Confirmation Sign -Waiting; 6. RSI Reversal Sign - Waiting; 7. RSI Confirmation Sign -Waiting; 8. Type-1 Reaction - Waiting; 9. Type-2 Reversal - Waiting; 10. Risk Management - Applied; 11. Risk / Reward - 1/2. "For all have sinned and fall short of the glory of God, being justified freely by His grace through the redemption that is in Christ Jesus." NKJV Romans 3:23-24.
OANDA:XAUUSDShort
by JonyFxHunter
An Intricate BlockA lot of bullishness unfolding here so I will start with the targets and break it down how I got them and why I am so bullish on SQ. *Initial Target = 138 ; time to target TBD, what I'm looking for is 3 consequtive green candles at the 2 hour level (estimating time to target occurring before the end of April) **Intermediate Target = 157 by 5/4/2022 - I will explain below Goal Target is above 166 , but will return to this after the first 2 pts are hit (I can say time to target is after May 4th) Explaination: - my analysis displayed begins after the gap on last earnings, notice the 5-count down to fill gap that immediately led into a harmonic resulting in a leading diagonal with wave 1 at 100% retracement of AD... the 5th wave made it to 2.618 - the corrective wave off (5) was a wolfe wave which led into a Butterfly which is yet to materialize... however, the green circle starting April 12th is a Butterfly Fractal - you'll see this if you look at the chart at 5 or 15 minute intervals... I am expecting the next leg up to begin any day now coming off this setup * Initial target is a 0.618 AD from the "primary" butterfly and a 1.618 from the "secondary" butterfly fractal. In between the current price and the initial pt (138) there is a gap to fill around 134 - this will be a 1.272 AD off the secondary/fractal butterfly (again, not shown but you can find it at the lower intervals). A gap and continue to initial target will set up to continue to intermediate target. ** Intermediate target of 157 is 1.272 AD of primary butterfly (shown). Using the blue trendline from the 1-4 wolfe wave resistance I obtained time to target as the intersection of the 1.272 AD and the 1-4 Wolfe line.. this falls on May 4th but could occur sooner in the right conditions. I'll revisit this soon but I'm seeing very bullish signals in SQ. Side Note: the yellow trendlines are just longer term trendlines from a while back, left them on there in case they can explain any hold ups or critical levels in price action, probably not important. Not Financial Advice.
NYSE:SQLong
by JerryManders
On the Wings of a ButterflyNear term Bitcoin likely to get some wings - Bullish Butterfly with initial target around 41k. Description of chart below: - yellow zone would complete butterfly harmonic, expect liftoff from there - green zone is initial 1.618 target range - red horizontal line is 3 standard dev. under the displacement of the proportional differences between 9 day s.m.a and price vs. 9 day s.m.a and 20 day s.m.a which is acting as a local over-extension to the down side relative to recent peak around 48k - down-sloping green line is channel support that it recently fell out of - this is the channel that began end of march - orange horizontal line is an old price support level Lets see if the momentum from a leg up off this pattern can get it back above that support - if so I can see it continuing to around 50k before the inevitable drop to complete the bigger bullish harmonic at the weekly level. Not Financial Advice.
COINBASE:BTCUSDLong
by JerryManders