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Engulfing Candle

A Trend to the Upside for this FinTech?This is building from my original idea published for ABXXF, listed here in the US on the OTC; However, you can't really glean too much from it's chart. You can see the original ideas linked under 'Related Ideas". I'm expecting the cup and handle formation to continue with it reaching resistance around CAD$4.40-$4.45 (US$4.20). > The 4-Hour Charts for ABXX & ABXXF, both, currently on a green '2' candle. I'm expecting a full 9 candle trend to the upside to continue. A green number '2' candle sitting on top of a green number '1' candle is very bullish. If all goes to plan, the green '1' candles on the daily-charts for both ABXX & ABXXF could give us the same trend I just mentioned above. Regardless of these technicals, I really like this company and believe in what they are trying to achieve. The Company: Abaxx is a blockchain and ESG company focused on commodities like LNG (Liquified Natural Gas ) and Gold! Abaxx Tech came to the market through a RTO (Reverse Take-Over) of New Millennium Iron (NML & NWLNF). The serially successful mining and media billionaire mogul, Robert Friedland, was one of Abaxx's first angel investors. Abaxx Technologies has multiple subsidiaries. One of the subsidiaries is the Abaxx Exchange where Abaxx Tech receives a royalty for the commodities listed on the exchange. See more info about the company on its websites: Abaxx.Tech & Abaxx.Exchange **Keep in mind I'm an amateur investor nothing I say should be seen as financial advise. I am a small shareholder in this company because I believe in their mission and what they are trying to achieve. I've been a shareholder since the company was called New Millennium Iron when I learned that Robert Friedland was an angel investor in a young entrepreneur and ex-Goldman Sachs exec named Josh Crumb, founder of GoldMoney. I listen to 'Smarter Markerts', an Abaxx-sponsored podcast to learn more about the titans behind the Abaxx in the world of Mining, Blockchain, Finance and ESG. At least listen to the first episode where Robert Friedland lays out his vision behind a greener future. He discusses the importance of ESG, blockchain, batteries, copper, and more. You'll understand more as to why I'm so interested in what Abaxx is doing. I am long ABXX.
NEO:ABXXLong
by the13thalien
1
BTC USD Daily. Bullish engulfing. Ascending Channel. BTC closed on the 5th of May with an engulfing candle. Bitcoin won that day, but only just. Also price action currently remains within a larger ascending channel, two touches to the top so far and two touches to the bottom. A third touch of either may well be the break this time. Price action is still trying to move to the upside, for me, the bulls have it at the moment. I think it could test ATH on this run. But...You will see my ascending line in red which is current price action support. If it breaks this convincingly then we may well look at a visit to the 50K region. My immediate area of interest on this chart is the red ascending line, I am keen to see what develops there if we get another touch on it. I'm not in a trade. I'm watching and HODL. But, I am bullish and will commit to being long.
COINBASE:BTCUSDLong
by iDoji
9
Bullish Reversal - New ATH within the next 10 daysBITSTAMP:BTCUSD After the massive selling pressure yesterday, Bitcoin bounced at the 52900 level. Today, we saw a huge correction to the upside. As we can see, the last two daily candles form an engulfing pattern . We also saw a higher wick of the daily candle than the yesterdays candle opening. If the daily candle remains or closes above the yesterdays candle, we might see a bullish reversal which will confirm the higher low of last night. Therefore, within the next 2-3 days we will see a retest of the 60K levels.
BITSTAMP:BTCUSDLong
by Sony3131
BTC - W1 - LAST WEEK PRICE ACTION TRIGGERED A BULLISH ENGULFING W1 : As shown on this chart, last week price action triggered a long white candle (bullish engulfing) which neutralized the former downside risk. In addition BTC closed above the Tenkan-Sen (Conversion line) which is also a positive sign. The pivot level on this W1 time frame is @ 52'700. Indeed, as seen in the past, this area coincided at the middle of long candle and therefore should also be seen as an equilibrium level. Therefore, BTC is caught now in a 52'700-60'000 trading range (59'979 being the high weekly closing seeing so far !) GLOBAL PICTURE ON A WEEKLY PERSPECTIVE - IMPLICATIONS OF A BREAKOUT OF THIS TRADING RANGE : Upside : Door open for 61'075 ahead of a retest of historical high @ 64'895 Downside : Mid Bollinger Band @ 47'525 Watch D1 for clues Have a nice week and have fun. All the best Take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
DASH - powerful price actionDASH bottomed out with a mini inverted Head & Shoulders before breaking above the neckline @ 136 with a strong bullish engulfing candle last Friday. More upside potential especially now with RSI clearing above 50. Ideally one should have entered yesterday at the open @ 138 or as soon as it started to go above Fri's high @ 141. Otherwise, accumulate on any near term weakness with a tight initial stop loss below yesterday's candle ~ 133. Target shown are suggested only. Or ride the trade with trailing stops. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
DLong
by Juliac
TSLA - Here we go (up) againAfter hitting a mini high of 780 on 14 April, and just when the bulls are thinking it is going straight to the moon, Telsa went into a rather painful correction. Finally we had enough signals last Friday to be optimistic that this recent correction could be over: 1. retraced 61.8% of it's recent CD swing up and appeared to have found support here by bouncing off here and 2. formed a bullish engulfing candle 3 bullish divergence seen between price and stochastics Those who go long now will need to put the initial stop loss below it's last low of 666 (perhaps as low as 658). Should this trade fail, retest at the next significant support around 591. Should the trade works out (which at this point the odds looks good), consider to take partial profits @ 780, then 900-925 and finally 1000. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to give me your thoughts ! :)
NASDAQ:TSLALong
by Juliac
2
VUZI - Rebound in the works VUZI tested and bounced off the last pivot low at 19.90 yesterday with a strong bullish divergence candle, establising a horizontal support here. A bullish divergence is now apparent between it's price and RSI, it is likely to continue the upward momentum in the coming week. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NASDAQ:VUZILong
by Juliac