Don't be a DKI'm long DK because it has a huge base. You get it??
Seriously though, after that massive consolidation, it better rise fast.
Consolidation-breakout
JD Sports Up Another 12 pointsLast post: June 21st. See chart .
Review: Price was approaching the resistance level.
Update: Price is still on its way to target the resistance level.
Conclusion: We continue to wait and see if price can break through resistance and leave the consolidation zone.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
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Burberry In ConsolidationLast post: June 10th. See chart .
Review: Price was pulling back in the last post.
Update: Price has gone into a mini consolidation.
Conclusion: Standing aside until we get a breakout of the consolidation zone, but overall the trend is up.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
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Burford Capital In ConsolidationLast post: June 6th. See chart .
Review: Price was testing the support level.
Update: Price has since come down to test the support level which includes the 50 simple moving average, and is consolidating between the support and resistance level.
Conclusion: Applying patience and waiting for price to break through resistance before considering long trades again.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
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Bitcoin heading to $7,200 nextFinally, we have a confirmed breakout to the downside.
Many Alts have similar set ups that are all breaking down after a long period of consolidation.
Targets shown.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
$RUN seems to be ready for another leg upImpressive relative strength today on $RUN.
Broke out of consolidation on strong volume. Short interest of 18% might help to squeeze a little.
$SHAK looks like it might confirm breakoutSHAK had a breakout on strong volume two days ago and looks like it could leg up from here.
Yesterday the consolidation zone was retestet - close today will be interesting.
High short interest of 40%+
$WBAI breakout on decent volumeInteresting looking chart with rising volume the last few days.
Might be shorts covering - short interest is high with 20% and might go in squeeze mode since it´s a small cap with relatively low liquidity.
Round bottom looks nice as well as the double bottom (almost.. more if you think of aa supportzone than the previous low)
JD Sports Overcoming HurdlesThis stock is featuring for the first time on our TradingView blogs.
Current setup: Price is still in consolidation but has broken a strong resistance level and is now approaching the next area of resistance.
Conclusion: At the moment we have to stand aside. A break of the next resistance level will confirm a continuation of the previous bull trend and at that point we can look for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
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Dechra Pharmaceuticals Looks Set To Breakout SoonLast post: Feb 28th. See chart .
Review: Price had broken a resistance level with a strong move to the upside.
Update: Price continued to trend higher but is now in a period of consolidation.
Conclusion: We will be waiting for a breakout of the resistance of the consolidation zone before considering a trade.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
BlockNet vs Bitcoin on its way to riseBlockNet found the bottom at btc 0.0015 after which it broke above the 50 Moving Average. BLOCK/BTC could be getting ready to establish an uptrend and double its' value against the Bitcoin.
But currently it facing a resistance at btc 0.00234, that has been rejected multiple times. Daily close above that level should confirm price bullish intentions and should result in a wave up. There are several resistance levels to watch. First strong and potentially key resistance is based at 38.2% Fibs, that is btc 0.00353. Break above that level could send the price up to the target area at 61.8% Fibs, that is btc 0.005.
While the btc 0.0023 resistance is holding a consolidation could take place and even result in a decline towards btc 0.00155 support.
Bitcoin consolidation in to reversal to 9-10kYesterday bitcoin saw a bounce to around 7.5k however today it has come down to about 7.3k at the moment however I expect it to go back down around 7.1k and then fill out the triangle I have drawn. There's evidence for this to be a triangle based off the top, however not really the bottom so this is a little bit of a guess, I'm just looking for a nice entry instead of waiting for the triangle to fill because I fully expect a reversal. I believe 7.1k will hit and be a great entry for a trade over the next month.
[EUR/USD] Clear 1.15 rejection; possible long opportunityPrice is showing a significant rejection really close to the 1.15 level.
This might form up a double bottom in the trading session tomorrow.
What might happen
> Trade opportunity / trend reversal
EURNZD - Testing foot of channel & 200MACould be poised for a decisive breakdown as price is testing the bottom of the regression trend channel / 200 MA
For a bearish confirmation i'd like to see the channel breaks as well as the Jan 2018 low
Keeping tabs as long consolidations often lead to big breaks
GBPUSD consolidationprice is near the 1.3500 zone . A break and close out of the consolidation range will activate my trade bias. Patience is important
Ethereum looking bullish our of consolidationBeen following ethereum a lot these past few days as it broke out of a triangle but was unable to break the previous point of resistance and has been consolidating since. The bollinger bands are starting to get tight on the 4h, 12h, and 1d chart so within the next week or so I'm looking for a push to around .091 as the initial target and even possibly .095 as a more aggressive target. I might open a long soon with my stop placed shortly above the current consolidation that is visible on the 1h, but am looking to build most of my long with a break of .087.
BTC Consolidation.... charge up before Break out or Break downIndecision right now, if wedge plays out we go up
It already had a great bounce off my first support
We may need to visit 2nd support (~7900) before going up... i really doubt we need to go any lower than that
Sadly 2018 consensus event didn't give us the pump we thought it would. But remember, that could just be what they want you to think before they destroy all bears.
SC is going to moon#SC is going to takeoff like a rocket. Since Upbit listing, SC 1.83% has consolidating forming a wedge . RSI divergence, MACD crossing over and bollinger bands tightening. All we need is some real volume for that breakout to occur. Targets are fibs. My bags are filled.
NEO is Next: Breakout in ProgressNEO just broke out of the large bullish pennant it has been consolidating in on top of the big 236 fib, and is bull flagging under a downtrend line for a breakout to the upside. The MACD on the 4h is about to cross up, the RSI has a good amount of headroom, and volume just started to pick up. Let's see if NEO is about to do its "Superman thing".
GBPUSD - Potential Reversal Next Week?We've had three strong pushes (look at the yellow arrows)
After a push, a consolidation period occurs (rectangle) which did not occur on the latest push.
Could this suggest that 1H bears are exhausted and the bulls will come in?
Look for a break towards the top of the triangle to confirm this.
USDJPY - Sell the break. USDJPY was in an uptrend but slipped through 50 & 200 EMA which heavily suggests there's a reversal.
Unite Group Making New All-Time HighsUnite Group has been in an uptrend since the end of 2011, experiencing a long period
of consolidation from August 2015 to October 2017.
During the period of consolidation it would have been best to stand aside until a breakout happened. Consolidations are very
difficult to trade and your capital is best used on stocks that are actually trending.
Patience here would have paid off because we now have a breakout from the most recent deep pullback and price is looking
strong. We need to see price remain above the resistance level and use it as support and opportunities can be looked at if
we get another breakout, as this will confirm a continuation of the bull trend.
Price is currently making new all-time highs so there is not any previous areas of support/resistance in the way of price.
Be alert to a possible breakout soon and keep this stock on the watchlist because it has a history of trending well.
If the trend is as strong as the previous ones then there will be opportunities to compound which can multiply potential profits.
Compounding is a method of extracting more from a trade in less time and with little effort.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Quick LTC TA: Nowhere To GoTicker: COINBASE:LTCUSD
Timeframe: Weekly/7 months
It's fairly obvious to read this. I favor breaking up, but both ways are possible. We can't consolidate much further. The trendline consolidation is even more impressive on smaller timeframes.
If you're in the market already get ready for a scary ride in the next two weeks.
