CVCUSD Descending Wedge FormationCivic is in temporary downtrend on H4 chart and falling into the descending wedge pattern. So far is respecting lines perfectly and it's getting closer to support zone between 0.38 and 0.35. I will be buying it if it falls to 0.35 and the target will be 0.50 or more! Stay tuned
Chart patterns
BITCOIN: Following the RISING WEDGE ProjectionHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
BITCOIN/USD
⚪ Technical Analysis :
Since the 10th of February, the price has been following an interesting rising wedge, bouncing many times on its dynamic lines.
During the 17th of February 2021, a strong bullish bar moved the price up above the rising wedge and it is currently following a clear uptrend.
🔴 Conclusion :
According with the pattern's projection, I'm confident to see the price moving up until the level 55k.
This strong bullish impulse could probably get an upcoming retracement as a re-test of the dynamic resistance.
I'll be waiting for the price to re-test that level before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
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Gianni
$DTEADAVIDsTEA Inc. operates as a retailer of specialty tea in Canada and the United States. The company offers loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts; tea accessories, including tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles, infusers, filters, frothers, tins, and spoons; and food, as well as tea beverages, such as hot or iced tea, and tea lattes. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories. As of February 01, 2020, the company owned and operated 231 DAVIDsTEA stores. It also provides its products through its Website, davidstea.com; and distributes products through 2,500 grocery stores and drugstores. The company was founded in 2008 and is headquartered in Mount-Royal, Canada.
$USWSU.S. Well Services, Inc. operates as an oilfield service company in the United States. It provides hydraulic fracturing services to the oil and natural gas exploration and production companies. The company is headquartered in Houston, Texas.
$LKCOLuokung Technology Corp., through its subsidiaries, provides location-based services and mobile application products for long distance travelers in the People's Republic of China. It offers Luokuang mobile application, a content and service distribution platform that provides content and services, such as information, entertainment, travel, e-commerce, online to offline, advertisement, and other marketing features. The company also offers software development kits and application-programming interfaces, which provide spatial-temporal big data analysis and customized map to software and mobile application developers; and spatial temporal indexing cloud service, a data-level virtualization technology. In addition, it offers information SuperEngine that includes the server engine, which enables to store, manage, and index the spatial temporal big data on the server side; and Web graphics image engine that supports transmission of graphics images, as well as display and edge computing for multi-terminal and cross-platform. Further, the company provides spatial temporal cloud platform that offers cloud services, including data storage, data resource, and platform support services, as well as supports users to aggregate multi-source spatial data, map services, and Internet of Things streaming data. Luokung Technology Corp. has a strategic partnership with Jiangsu Dianyu Information Technology Co., Ltd. to expand mobile commercial big data services in the 5G era. Luokung Technology Corp. is headquartered in Beijing, China.
$EH is a big dip opportunity!While I am not a big fan of autonomous UAVs just yet, I still think a short seller report on a company like EHang was a bit unfair. I disagree with many of the sentiments regarding the report, but time will tell. I am strongly considering an entry position. That said, please do your own due diligence and invest at your own risk. Everything I say is on an opinion based basis.
$SENSSenseonics Holdings, Inc., a medical technology company, develops and commercializes continuous glucose monitoring (CGM) systems for people with diabetes primarily in Europe. Its products include Eversense and Eversense XL, which are implantable CGM systems to measure glucose levels in people with diabetes for a period of up to 90 and 180 days. Senseonics Holdings, Inc. was founded in 1996 and is headquartered in Germantown, Maryland.
$BVS: Bioventus is a $45 TargetI believe the price target for Bioventus can easily be $45. It is a new IPO for a company w/ 700+ employees, disruptive orthobiologics and surgical methods, and high growth potential. Support just needs to pickup. That said, please do your own due diligence and invest at your own risk. Everything I say is on an opinion based basis.
NZDUSD: One more BULLISH IMPULSE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/USD
⚪ Technical Analysis :
Since the end of December 2020, the price has been following a huge rising wedge pattern bouncing many times on its dynamic lines.
A strong bullish impulse on its trendline during the 5th of February 2021, moved the price up to its next dynamic line, ending its rejection on the support level at about 0.71800.
The price is curently re-testing the same level and there is possibility to see a new upcoming bullish impulse.
🔴 Conclusion :
In the daily chart I can see the price consolidating after an interesting uptrend. I'm confident to see the price moving up until its dynamic pattern's line and I'll be waiting for the next few sessions before planning my long trade on this position.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
USDCHF: The price is going to PULLBACK again!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
USD/CHF
⚪ Technical Analysis :
Since the 6th of January 2021, the price has been following an interesting trendline, re-testing many times the strong S/R zone at about 0.89250, breaking it during the 1st of February with a really strong bullish upbar.
The bullish impulse lasted for few days, ending with a clear rejection on the level at about 0.90400 followed by a quick downtrend until the previous S/R zone.
The price is currently at the end of its short consolidation and it could re-test soon its main trendline.
🔴 Conclusion :
I think that we could get an interesting opportunity on this breakout of its trendline, the price is still moving around its EMA 200 and just on the S/R zone.
There is a possibility to see the price pullback one more time on the main trendline, and eventually I will see a proper rejection on that level, I'll start planning my short position on this trade!
My entry point would be the level at about 0.89050
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURGBP: The end of the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/GBP
⚪ Technical Analysis :
Since the 20th of January 2021, the price has been following a really strong descending channel, reaching today an important weekly support zone at about 0.86900.
This level rejected the price many times in the past and there is a nice possibility to see the same reaction.
🔴 Conclusion :
I'm confindent to see the end of this descending channel, considering that the price almost reached the weekly support zone. It is currently overbought and at the end of its last bearish impulse.
By the way, I'll be waiting for the breakout of its channel before planning my long position on this trade.
A possible entry point could be a closing bar on the level at about 0.87600!
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDUSD: an upcoming NEW BULLISH impulse!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/USD
⚪ Technical Analysis :
Since the 4th of February 2021, the price has been following a strong uptrend, as we can see in the chart, the price got a really interesting bullish impulse on the level 0.75900.
On the 9th of February, the price broke through its main trendline and since that moment it started moving creating on every wave higher lows and higher highs.
This pattern could be an interesting trend correction before getting a new trend continuation.
🔴 Conclusion :
The price is moving between the resistance zone at about 0.77900 and its main trendline.
Considering that the resistance zone worked very well in the past, I'm confident to see a new upcoming rejection.
A new pullback on the trendline or a proper breakout of the current level will be my possibile entry point on this long trade.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
USDCAD: Falling down breaking the MAIN SUPPORT zoneHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
USD/CAD
⚪ Technical Analysis :
Since the 4th of February 2021, the price has been following a strong downtrend, bouncing on its trendline and S/R zone at about 1.27600 during the 12th of February.
A really strong bearish bar pushed the price down, breaking through its support zone at about 1.26700, and it is currently moving just around its main support at about 1.26300.
🔴 Conclusion :
In the daily perspective I can see the price still in downtrend and I'll be looking for a new short position.
According with the analysis, there is a possibility to see a new rejection on the current support level, and I'll plan my position once I'll see a pullback on the resistance zone at about 1.26850
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURJPY: The price is FOLLOWING the main TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/JPY
⚪ Technical Analysis :
Since the end of January 2021, the price has been following an interesting uptrend, bouncing many times on its trendline.
On the 29th of January the price broke through the strong S/R zone at about 126.500, pushing up after a quick re-test during the beginning of February. A strong bullish candle was absolutely an interesting entry point as a comfirmation of a new uptrend.
Today the price broke the resistance zone at about 127.500 and it is currenly consolitading.
🔴 Conclusion :
Considering the daily time frame, I can see that the market is following a strong uptrend and after this strong impulse, there is a possibility to see a short retracement.
I'm not sure if it would be a market reversal, but on this pair, I'll be waiting for a re-test of the S/R zone at 127.500 before planning my new long position on this trade.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
OXT - The case for $1.25 PRICE TARGET!Is OXTUSD only halfway to the moon?
Hello traders. I have reason to believe that OXTUSD could touch the $1.20-$1.32 mark within one month, maybe weeks? Here is my case briefly bulleted. I'll allow you to decide whether any of this makes sense or not and can add confirmation:
Preface. Interesting Data. Potential Fractals:
- On Coinbase, OXT hit and introductory body high in Dec. 2019, which was at about 66 cents.
- Wick high in Dec. 2019 was 75 cents. Wick high then increased 8 months later by 25 cents and went to $1. Is it possible this pattern repeats once again? If so, we can track 8 months from our previous wick high, to a projected new high of $1.25, an increase of another 25 cents.
- It is interesting to note (though not an indicator) that by doubling OXT introductory body high of 66 cents, we end up roughly in the ball park of this $1.25 price projection as well @ $1.32.
Additional fractals:
- Additional fractal patterns can also be observed with amazing consistency:
- 80 days from initial body high, OXT hit a new low.
- 160 days from that low, OXT hit a new high.
- 80 days from that new high, it hit another low.
- If the previous patterns repeat, we can track the time from the previous low, to a projected new high in around 160 days, give or take a few days.
- Each recession measured almost exactly 50 cents.
- If we double the 50 cents fractal from our previous low of around 20 cents and add this $1.00 value to it, the final target is $1.20
All of this data is exactly consistent with where many cryptos are ending up in the current market, which is at about a 3x multiple of their 200 day moving average. At it's current rate of increase, we can project the moving average to be right at or around 40 cents by the end target time frame of 160 days. 40 x 3 is ...$1.20
We often see chart patterns consistently repeat in market movements. Repeating patterns can be used both as future potential indicators of price action as well as confirmation of current sentiment.
One additional note worth mentioning as additional confirmation here is that Bitcoin recently fell through some fairly strong market dominance support at %62.3. Next support levels are %59 and %57 respectively. Such events are only more good indication news for altcoins like OXT.
I will be entering this trade with some of my reserve cash and holding till we reach approximately $1.00+. OXT is not done pumping yet. To the moon!
I wish you the best traders! Thank you for liking/subscribing and supporting.
Comment below if you will enter this trade and/or have any additional confirmation or contra-indicators.
Best of luck traders!
GBPUSD: Continuing the STRONG UPTRENDHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/USD
⚪ Technical Analysis :
Since the 20th of January 2021, the price has been consolidating, moving with a clear sidetrend, bouncing up and down between two S/R zones, at about 1.37500 and 1.36500.
During the 5th of February 2021, a strong bullish impulse on the main trendline, pushed the price up breaking throught its S/R zone at 1.37500, ending once it reached the resistance zone at about 1.38650.
The price got then a short retracement and it is currently re-testing its last resistance zone.
The RSI (20) is showing signs of weakness considering a divergence on the h4 chart.
🔴 Conclusion :
Overall this pair is following an interesting uptrend and now it reached a strong resistance zone that rejected the price few times in the weekly perspective.
There is a possibility to see a consolidation phase on that zone before to understand the next direction.
I'll be waiting for a re-test of the support zone at about 1.37750 or a breakout of the resistance zone before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURUSD: An upcoming NEW UPTRENDHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/USD
⚪ Technical Analysis :
During the 5th of February 2021, the price got a strong bullish impulse on the dynamic support line of its falling wedge, moving up in a clear uptrend, breaking through its pattern and the resistance zone at about 1.20800.
The trend finally ended once it reached an re-tested the level at about 1.21500.
On the 12th of February 2021, the price re-tested the level at 1.20800, moving quickly up with an in interesting upbar.
The ema 200 is moving very close to the current price and that could mean a possibility of consolidation.
🔴 Conclusion :
I'm confident to see the price moving up soon, but the market is actually bouncing between two close S/R zones at 1.21500 and 1.20800, giving us few nice trade opportunities.
I'll be waiting for the breakout of the level 1.21500 before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
CADCHF: The price is FOLLOWING a strong ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
CAD/CHF
⚪ Technical Analysis :
Since August 2020, the price has been following an interesting ascending channel in a daily perspective, bouncing many times on its dynamic lines.
On the 4th of January 2021, a bullish impulse moved the price up, getting a rejection on the resistance zone at about 0.70500 and few days ago it re-tested the same level.
It closed the last daily session with an interesting upbar and a rejection on the level 0.70000 (matching also with its EMA 200) could be a sign of market continuation .
🔴 Conclusion :
This pair is absolutely giving us many great opportunities! I'm confident to see the price growing more until its dynamic resistance, considering that it got a rejection on its daily EMA 200 and it's following a clear uptrend.
I wouldn't suggest to open any long position right now, because there is a possibility of consolidation between the two S/R zones at about 0.70500 and 0.70000.
Before planning my long position on this trade, I'll be waiting for a double scenario:
1. The price falls down bouncing on its dynamic channel's support (that would be a really profitable trade)
2. The price breaks the resistance zone at 0.70500 and I'll be looking for the best entry point until it will reach its dynamic channel's resistance line.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDCAD: The price is RE-TESTING an interesting S/R zoneHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/CAD
⚪ Technical Analysis :
During the 20th of January 2021, the price got a strong bullish impulse on the main S/R zone at about 0.90500, moving up beginning an interesting ascending channel, many bounces on its dynamic lines are a confirmation of the channel's validity.
On the 9th of February 2021, the price ended its uptrend on the level at about 0.92250, failing the attempt to reach one more time its dynamic resistance line, falling down breaking through its channel, re-testing with a pullback the same level.
As we can see in the H4 chart, the price got many rejections on the current strong area at about 0.91500, and considering the weakness of this market, there is a possibility to see an upcoming bearish moviment.
🔴 Conclusion :
I'm confident to see the price getting an interesting retracement, considering the following reasons:
- In the weekly chart, the price is moving with high volatility, closing the session with a strong bearish pinbar;
Since March it's following a clear uptrend and many rejections on the level 0.92000 are a possible sign of retracement.
- In the daily perspective the price is consolidating since the 25th of January 2021;
- In the h4 chart, the price got an interesting pullback on its channel, and it currently re-testing the S/R zone at about 0.91500 and its EMA 200.
I'll be waiting for a proper breakout before planning my short position on this trade, my target would be the main trendline at the level at about 0.90800
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURCAD: The price BACK to its TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/CAD
⚪ Technical Analysis :
Since the end of December 2020, the price has been moving creating an interesting symmetrical triangle pattern.
On the 20th of January 2021, the level at about 1.52750 rejected the price, ending a strong bearish movement.
This level defined our secondary trendline, re-tested during the 5th of february.
Few hours ago, the price got a second rejection on the daily support level at about 1.54300 and there is a possibility to see a new re-test of its trendline.
🔴 Conclusion :
In the daily chart, the price closed with an interesting bearish pinbar just around its EMA 200 and it could define a possible sign of weakness.
In the H4 chart we still have a bullish movement but I'm confident to see an upcoming downtrend, the S/R zone at about 1.54300 is a strong area that rejected the price many times in the past and the price got a rejection just below its ema 200.
By the way, I wouldn't get a position right now, instead, I'll be waiting for the price to reach its secondary trendline and then I'll try to understand the price action on that area before planning my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
GBPAUD: An upcoming BEARISH movement on this PULLBACKHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/AUD
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been following an interesting trendline, bouncing many times on it.
This clear uptrend ended at the beginning of February, when the price reached and got a strong rejection on the main weekly resistance zone at about 1.80000.
It tried and failed many attempts to break that level and yesterday, 11th of February, the price broke down its main trendline, bouncing on a daily support level at about 1.78000 and it is currently re-testing the trendline.
Since the 5th of February, I can see the price creating a possible descending triangle pattern, making a lower high on every rejection on the support level at 1.78000.
🔴 Conclusion :
Since the price has broken its trendline, I started looking for a short position and I think there is a nice possibility to see an interesting upcoming bearish movement.
I'll be waiting for a clear entry point to get a short position on this trade until the level 1.78000, and eventually the price will clearly break through that level I'll plan my second short trade!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
