$MARK Long -> $4.41 TargetRemark Holdings may actually be due for a reentry. I do believe that they have been tested multiple times, and it is due for a retest in a positive direction. My current target based on chart correlation is $4.41 as a GTC long entry. That said, this is quite risky as of now. Please do your own due diligence and invest at your own risk. Everything I am saying is on an opinion based basis.
Chart patterns
$SBESwitchback Energy Acquisition Corporation does not have significant operations. It intends to identify and acquire companies through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combinations. The company focuses on investing in businesses and/or assets in the upstream and midstream energy sectors primarily in North America. Switchback Energy Acquisition Corporation was founded in 2019 and is based in Dallas, Texas.
$OPTT Sky High Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North and South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and payloads, integration services, and marine installation services. In addition, it offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as offshore oil and gas, defense and security, science and research, and communications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was founded in 1984 and is headquartered in Monroe Township, New Jersey.
NZDJPY: FOLLOWING 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 :
NZD/JPY
⚪ Technical Analysis :
Let's start talking about the weekly perspective, since the end of March 2020, the price has been moving following a clear rising wedge, getting strong rejections on its S/R dynamic pattern's line.
One week ago the price reached its dynamic resistance and it started falling down.
In the daily chart the price is still moving with a strong uptrend, it actually is getting a short correction and this is absolutely possible if you consider that a strong impulse started at the beginning of November 2020, once the price reached the dynamic pattern's level.
In the h4 chart we can see that the price got its last bullish impulse on 23th of December, completed on the 8th of January 2021 once it reached and bounced on the weekly dynamic resistance.
Since that moment the price has been moving in a new downtrend, following a clear descending channel.
The price has just broken a daily support and it's now approaching to reach the next weekly support level.
The next price action it will be essential to understand the next market movement.
🔴 Conclusion : ❌
The price is still moving with a bearish movement and I'm confident to see the price reaching the weekly support level. That zone is personally really interesting because it's a strong weekly area that rejected the price many times in the past and also it's about the 0.50% of Fibonacci retracement of the main bullish impulse.
After that I'll start looking for a long position once the price will break the descending channel.
As a trend follower, I wouldn't suggest to you to get any long position right now, instead you should wait the breakout of the descending channel.
Stay tuned for Updates and Trading Signals !
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Gianni
NZDCHF: Will the price RISE more inside its ASCENDING CHANNEL?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/CHF
⚪ Technical Analysis :
Let's start talking about the weekly perspective, the price has been following a strong uptrend, creating a rising wedge pattern started at the end of March 2020, the price is actually around the dynamic resistance of that pattern.
In the daily chart, since the end of October, the price got a strong impulse on the dynamic support of the rising wedge (see the level at about 0.59593), it moved up reaching and retesting the weekly trendline.
In the h4 chart, we can see the price getting a double rejection on the support level at about 0.62338, and since that moment it started a clear ascending channel (many rejections on the dynamic S/R level of the channel are an extra confirmation on this pattern).
On the 6th of January, the price reached again the weekly trendline and it retested the same zone more times without breaking it.
The next price action around this zone will be essential to understand the next market movement.
🔴 Conclusion : ✔️
The price has actually reached the dynamic support of its ascending channel, at the same time we can see the price retesting a previous daily support level at about 0.63739.
I'm confident to see the price grows with a bullish scenario, trying to reach the channel's resistance.
If the price will show us a clear rejection, we could definitely start planning a long position!
Stay tuned for Updates and Trading Signals !
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Gianni
$GIK Feb 19th Calls 25 Merger between Feb 15 and March 31Recently GigCapital3 (Ticker: G I K) announced they will merge with Lightning eMotors in the Q1 of 2021.
They are also the EV Maker for PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue. The company also has a three-year battery partnership with Romeo Power.
*Info from various sources
NZDCAD: Following 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 :
NZD/CAD
⚪ Technical Analysis :
In the weekly chart the price is following a clear rising wedge pattern, after it broke an historical descending channel in the middle of November 2020.
In the daily chart we can confirm this strong uptrend, in fact the price since the end of March has been moving following and bouncing between the dynamic S/R levels of that pattern.
In the h4 chart, the price got many rejections on the support level at about 0.89850 and on the 15th of December a strong impulse pushed the price up in a clear ascending channel, breaking it for the first time on the 8th of January 2021.
The price is actually following a new downtrend and it's approaching to retest the previous support zone at about 0.91000, creating a possible double bottom pattern.
The next price action around this level will be essential to understand the next market movement.
🔴 Conclusion : ✔️
The price is actually following a clear descending channel and it reached an interesting support zone and at the same time the dynamic support of that channel.
The price is oversold and the RSI is also showing us a nice convergence in an interesting area.
I'm confident to see the price grows until the dynamic resistance of the channel.
Stay tuned for Updates and Trading Signals !
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Trade Safe and Responsibly ,
Gianni
GBPUSD: The price got a DOUBLE REJECTION on the same RESISTANCEHi 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 :
Let's start with the weekly perspective, since the end of March 2020, the price has been following a strong uptrend without any hesitation and now it's just reached an important weekly resistance zone at about 1.36694.
In the daily perspective, since the end of September the price has been following a clear ascending channel, getting many rejections on the dynamic S/R Level of the channel, that confirmed and made the pattern valid.
In the h4 perspective, once the price got its last rejection on the dynamic resistance of the channel happened on the 4th of January, it hasn't been able to break the same level and it's now bouncing on the same resistance.
The next price action will be essential to understand the next market movement.
🔴 Conclusion : ✔️
As a trend follower, I normally don't open any position against the main trend, overall there is a nice chance of trend correction and if the price will break the level at about 1.36025, you could get a great short opportunity until the support level at 1.34494.
Stay tuned for Updates and Trading Signals !
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Trade Safe and Responsibly ,
Gianni
ZEC testing important levels and indicators on it's way to $150As you can see on this weekly log chart you can see ZEC has broken above the Ichimoku Cloud with some strong volume. On the Fibonacci retracement indicator you can see ZEC is now testing the 1.618 level @ $111.75
The red horizontal lines are major support or resistance for ZEC.
On the LMACD you can see it is above 0 and has a nice bullish divergence to it since around March 2019.
You can see ZEC has now moved above all EMA's and MA's and should form the 'ribbon' type look I have spoken about in other analysis on BTC. The small light blue line at around $134.00 is the MA 200 and ZEC would need to firstly conquer the 1.618 fib level we are testing currently then break above the MA 200 and the major resistance level at $150 if ZEC is to go parabolic. I think the $150 will be the target for now and re assess if ZEC gets above this.
On the RSI you can see the major resistance level shown by the red horizontal line. Each time ZEC has hit this line it has dumped considerably. This could line up perfectly with the rise to $150.
On this monthly chart below you can see ZEC is now testing the EMA 34 (in pink) and the EMA 10 (in blue) is about to cross over the MA 21 (in orange).
ZEC needs to close above the current fib level to make it's move to $150. If ZEC gets rejected here I expect it to re test the $100 area. On the daily chart ZEC has already closed once above this 1.618 fib level and I require it to close twice to usually confirm the move.
Happy trading legends!
HTBB
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GBPCHF: SHORT Idea, a possible MARKET REVERSALHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since June 2020, the price has been following a huge descending channel (switch on the daily perspective to get a better view), the price got many rejections any time it reached the dynamic resistance of the channel.
In the H4 chart, the price has been creating a clear ascending triangle started at the end of December 2020.
Today the price broke a daily resistance level at about 1.21178, and now it seems is going to reach our strong dynamic trendline, the next price action around this area it will give us a clear confirmation about the next market's movement.
CONCLUSION:
The ascending triangle is usually a continuation's pattern, but alone it doesn't mean anything! We need to consider that in a daily view, the price is reaching a strong resistance level that inverted the market many times and there's an high possibility that it could happen again, so I'm confident to see a bearish movement until the level at about 1.20500
Stay tuned for updates!
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Gianni
GBPCAD: SHORT Idea on this MARKET REVERSALHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since September 2020, the price has been moving with a strong uptrend, constantly bouncing on a dynamic trendline's support and as we can see in the chart, in few months the market got many rejections on that dynamic level, even if in December, for the first time the price termporary broke the support, moving back inside the previous channel in less than one week.
At the end of December, the price reached an interesting level, I'm talking about a weekly dynamic resistance of a symmetrical triangle pattern, it got a a rejection twice and today, the price reached the same level.
The next price action around this zone will be essential to understand the next market's movement.
CONCLUSION:
In a long term, I would see the price grow more and break the weekly dynamic support, but right now I'm confident with a possible trend correction, considering that the price reached an important level the previously rejected it.
Overall, don't forget that since the end of December, in the H4 chart, we can see the price inside a descending channel and the possibility to see the GBPCAD falls down until the level 1.72444 is absolutely possible.
Stay tuned for updates!
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Gianni
GBPAUD: LONG Idea, reaching the FALLING WEDGE ResistanceHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since March 2020, the price has been moving following a clear Falling Wedge pattern, getting a rejection many times on the dynamic S/R Level of that pattern.
At the end of November, the price reached and tried several times to break the trendline resistance, failing any single attempt, collapsing heavly until the support zone at about 1.74000.
As we can see in the chart , the support level 1.74000 is an interesting zone, because gave to the price a strong impulse until the resistance level at 1.79000.
The 7th of January we got a similar situation and right now the price is following a bullish movement, it broke the secondary S/R level and now is trying to reach the next target just on the dynamic resistance of the falling wedge pattern.
CONCLUSION:
Yesterday the price broke the secondary S/R level and the price seems is continuing the uptrend without any hesitation.
If the price will retest the support 1.76000 without break it, I would start looking for a Long position until the level 1.78000
Stay tuned for updates!
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Gianni
$VISL wave analysisVislink Technologies, Inc. designs, develops, and delivers wireless communications solutions in North and South America, Europe, Asia, and internationally. It develops, manufactures, and sells microwave communications equipment and video transmission products under the Nucomm, RF Central, and IMT brand names for broadcast, sports and entertainment, and government/surveillance markets. The company also offers satellite communication, cellular, and wireless camera systems and associated amplifier items, as well as microwave radio components under the Vislink brand to broadcasters, network owners and station groups, sports and live broadcasters, hosted service providers, and defense agencies and organizations, as well as metropolitan, regional, and national law enforcement agenciesIts products portfolio consists of HCAM, an on-camera wireless video transmitter; HDX-1100, an aircraft downlink transmitter; ViewBack, a dual channel diversity receiver-decoder; SatWare, an embedded computing and routing system; and AirPro-75, an IP satellite data terminal, as well as various types of receivers. The company was formerly known as xG Technology, Inc. and changed its name to Vislink Technologies, Inc. in February 2019. Vislink Technologies, Inc. was founded in 2002 and is headquartered in Sarasota, Florida.
AUDUSD (H4): SHORT Idea on this BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the beginning of November, the price has been following a strong uptrend, getting a stronger correction just at the end of December (the increasing of momentum and high volatility are a nice confirmation).
Once the price reached the main weekly resistance at about 0.78122, the price bounced on that and failed the retest, falling quickly down.
The price's just broken the support level and the next price action could be a confirmation of this market's inversion.
CONCLUSION:
I think there is a good chance to get this trade, the price is probably starting a new downtrend, it seems is actually moving in a descending channel.
If the price will retest the dynamic trendline's resistance or the resistance zone, we could definitely prepare a great short trade and I will update the details about the entry point, take profit and stop loss.
Stay tuned for Updates and Signals about this trade!
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Gianni
AUDNZD (H4): LONG Idea on this Triangle BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the 10th of December the price has been following a side trend, getting a short time of consolidation before starting to give us a new sign of a new trend.
As we can see in this chart, the price reached the resistance level at about 1.07145 and got several rejections.
At the beginning of January the price retested the same resistance trying to break it and just today, we can see price above the level 1.07413.
CONCLUSION:
The price created a symmetrical triangle before moving up, that could be a possible chart pattern to confirm the new up trend.
IF the price will pullback on the dynamic support of this pattern or it eventually will get a proper rejection on this support area, we could absolutely get a great long position on this trade!
Stay tuned for Updates and Signals !
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Trade Safe and Responsibly
Gianni
AUDCAD (H4): SHORT Idea on this CHANNEL'S BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the beginning of December the price has been moving in a strong ascending channel and today, 11th of January, the price broke the channel for the first time.
I also have to say that the AUDCAD is actually in an interesting area, in fact the price reached the main weekly resistance area, that rejected it many times in the past.
We can't confirm right now the beginning of a new trend because the price is actually moving around a daily support zone, but the price action around this area will be really interesting to give us a short opportunity.
CONCLUSION:
I believe the price is going to start an upcoming downtrend, we've already got few signs of that and a pullback on the support level or on the dynamic trendline's support will confirm it and I'll update my personal datails of this trade!
Stay tuned for updates!
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Gianni
AUDCHF (H4): LONG Idea on this Ascending Channel BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the beginning of December, the price got a stronger trend correction, moving up trying to reach the resistance level at about 0.68256.
Once it reached that, the resistance zone rejected the price, breaking it during the second attempt.
As we can see in this chart, few days ago the price also broke the ascending channel and it bounced on the previous resistance zone that now is acting as a strong support.
CONCLUSION:
I think there is a nice chance to see the price continuing the same trend, trying to reach the main resistance zone at about 0.69500.
The price is actually oversold and it clearly bounced on the support zone.
IF THE PRICE will break the ascending channel, we can definitely plan a long trade until the next resistance zone.
Stay tuned for updates!
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Trade Safe and Responsibly
Gianni
AUDJPY: SHORT Idea breaking the RISING WEDGEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the beginning of November, the price has been moving following an interesting rising wedge, getting many times a rejection on the dynamic resistance level of this chart pattern.
Once the price reached the resistance zone at about 78.850, it failed many attempts to break it, but at the end of December we got a clear breakout of that level and after a retest of the same zone, the price's grown more!
Few days ago the price reached an important resistance level and as we can see in this chart, it almost touched a weekly dynamic trendline's resistance line that rejected the price many times in the past.
CONCLUSION:
The AUDJPY is definitely in an interesting situation, it reached an important resistance level, it temporary broke the rising channel and the next price action will give us more details about the next movement.
IF THE PRICE will fall down inside the rising wedge, we should start looking for a sell position, it could be an interesting market's inversion!
Stay tuned for updates!
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Gianni
CADCHF: LONG Idea on this PULLBACKHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since November, the price started following a clear descending channel, bouncing many times on the dynamic S/R level of this pattern.
At the end of December, the price wasn't able to reach again the dynamic support of the descending channel, in fact as we can see in this chart, the price got a rejection on the support zone at about 0.68874
Since that moment, the price started a short period of side trend, concluded at the beginning of January. The price then, broke the resistance zone and the dynamic resistance trendline.
The price is actually retesting the S/R level and the next price action around this level will be helpful to understand and confirm our prediction.
CONCLUSION:
I think the price will get a nice pullback on that support zone, in a Daily and Weekly perspective the price is following an uptrend and there is not sign of weakness right now.
IF THE PRICE will clearly bounce on the support zone, we could start looking for a great LONG position.
Stay tuned for updates!
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Gianni
EURGBP: LONG Idea on this CHANNEL'S SUPPORT levelHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since December, the price started following a clear descending channel, many bounces on the dynamic support level confirmed this channel.
At the end of December, the price reached a daily resistance zone at about 0.90882, getting a strong rejection and it also failed the second attempt happended during the first week of January.
The price actually reached an important area for two reasons, the first one is the dynamic channel's support and the second reason is about the weekly secondary trendline, that previously rejected the price three times. The next price action is essential to understand the next market's movement.
CONCLUSION:
I believe the price will get a trend correction, trying to reach the next resistance level. The volatility is actually high and the price overbought, that is essential to know in this specific moment.
IF THE PRICE will clearly bounce on the support level, we could get a great long opportunity, my first target is around the level 0.89900 and eventually the price will continue the uptrend I'll hold my position until the next resistance zone at about 0.90900.
Stay tuned for updates!
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Trade Safe and Responsibly
Gianni
EURUSD: SHORT Idea on the CHANNEL'S BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
The EURUSD is actually moving in an interesting situation. Since the beginning of December the price has been moving following a clear ascending channel. (Many rejections on the S/R level of that channel are a clear confirmation of this pattern).
At the beginning of January, the price was near to an interesting area, in fact the price reached the main weekly trendline resistance level. Unfortunately, in this situation the price wasn't able to break that level, and once again, it got a strong rejection, falling down, breaking the dynamic channel's support.
The price actually reached a strong S/R zone and the price action around this level is essential to understand the next market's movement.
CONCLUSION:
In a daily and weekly perspective, we can definitely say that the price is moving with a clear bullish movement, but I believe the price has a good chance to reach and then eventually bounce on the trendline support at about 1.20800.
I don't suggest to open any short position right now, because there is still a possibility of a trend correction.
Stay tuned for updates!
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Trade Safe and Responsibly
Gianni
EURNZD: LONG Idea breaking the Main DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the end of December, the price started following a clear descending channel, bouncing many times on the dynamic channel S/R level.
Few days ago, on the 8th of January, the price reached an important dynamic support that we can definitely see in the daily chart perspective, the market in fact is moving inside a huge falling wedge pattern and the support rejected and inverted the price again.
The price then broke the descending channel and now it seems is starting a new uptrend.
CONCLUSION:
In the daily perspective, the falling wedge pattern is perfectly working, the price is bouncing inside as expected.
The momentum is slowly increasing and the RSI in the daily perspective is clearly showing us a nice convergence, just around this important level.
I believe the price will definitely move up and my next target is the level 1.70500
Stay tuned for updates!
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Gianni
EURCHF (H4): LONG Idea breaking the ASCENDING TRIANGLEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the beginning of November, the price has been following a nice ascending triangle pattern, as we can see in the chart the price bounced many times on the main trendline and got a rejection everytime it reached an important resistance zone at about 1.08694.
The price is actually very close to the dynamic trendline's support and the next price action around this level will be interesting to understand if the price will bounce or break the support.
CONCLUSION:
The ascending triangle pattern is usually but not always a continuation chart pattern.
I believe the price will bounce on the support and will continue until the breakout of the weekly resistance zone, in a daily perspective we still have a clear uptrend and this is an extra confirmation about the next movement.
Stay tuned for updates!
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Trade Safe and Responsibly
Gianni
