RICE IS A POTENTIAL HIGH REWARD BUY TRADETrendline broken, and market formed a textbook flag above the broken line.
For me a textbook buy signal is forming here.
If you like to take a little bit more risk like me, buy here at 975 and place your stop at 957.
Target would be the longterm trendline at 1060.
This would result in a nice 5:1 Risk:Reward trade.
If your looking for a more conservative approach wait for the flag to break and enter on the break.
Future
Bottoms up Overall this chart was pretty neutral in 2016, only ranging between about 450 pips in all of last year. However, this triple bottom setup presents an interesting BUY opportunity for the short to intermediate term.
Not only does this triple bottom come at a level which price tested and completely rejected about 6 months ago, it is also setting up at the first real test of previous resistance after the "death drop" in January 2015.
I'm looking for a bullish break & retest of 60 min pennant formation, and price to consolidate in the TP1 zone. If TP1 zone is broken (trend line included), a re entry is in order to TP2 and beyond. (wishful thinking)
Entry - 1.07230 area
SL - 1.06700
TP - 1.08300
approx 2:1 risk/reward
Bullish divergence on the RSI gives us another clue that price may be going up, however, price has a lot more open space to the downside. So in the coming weeks/months, i will be looking to short off the break & retest of support.
A crypro named ioc is finally converted in IOC / TARGET REACHED
I think I should be the only one who charts this coin, but finding out, to my surprise we are many believers of its power, potential and future.
It reached the target price, with a growing interest and therefore volume.
I will not tire of telling you that IOC will undoubtedly be one of the 10 most important currencies in 2017.The target of 2017 gonna be huge, if more ppl would report and invest on this unprecedented project.
And as I advised on previous charts, one of the best options to get LONG when you take a break.
But there is nothing better than you who are informed and draw their own conclusions.
On the web, forums, traders, etc.
A crypro named ioc is finally converted in IOC the digital payment system for the 21st Century
Http://iocoin.io/
Thanks
HOW FAR DO YOU GO BTC?Sorry but i forgot to put on long to when u push play, update the chart.
In addition another factor to consider, was the important volume of purchase before the change of trend.
Except in the case of G that was not significant, but consecutive (British Brexit)
An observation about a pattern throughout the King's life to keep on eye on it.
Keep going, keep bullish!!!
LAST IOC CALLThe fundamentals are here:
iocoin.io
twitter.com
coinmarketcap.com
And more at the links
Prepare to IOC - The digital payment system for the 21st Century
Thanks for your time and follow!
A CURRENCY CALLED IOCThe only thing that this currency needs to become on one of the big ones, is only interest, in another words, volume.
With a potential and an unprecedented project this currency will soon become I/O the Digital Currency (IOC) and will speak in the coming months surely.
A great call for put long!
Take a look and thanks for your time!
www.facebook.com
Http://iocoin.io/
@Coinsidering thanks for the info!
XMR end of bull run, consolidation needs some retractI think we will retest the top, don't know where exactly, it's like catching the knife but that we will. I placed my bet at ~0.023
And then we go to 23.6% fib to knock knock the support to return to the actual bubble which should happen.
Remember this whole thing looks like a first selloff of the bubblle cycle.
Push it to the Limit - Dow Jones Industrial 25000 points in 2025Thank you "Helicopter Ben" Bernanke, "The Dove" Janet Yellen, "Daruma" Haruhiko Kuroda and "Super Mario" Draghi for pushing it to the limit around the world.
Technical analysis tools used: 1.618 Fibonacci extension and Fibonacci time zones.
Inspiration for the title: Scarface (The lyrics are below)
www.youtube.com
Push it to the limit
Walk along the razor's edge
but don't look down, just keep your head
and you'll be finished
Open up the limit
past the point of no return
You've reached the top but still you gotta learn
how to keep it
Hit the wheel and double the stakes
throttle wide open like a bat out of hell
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crash the gates
Going for the back of beyond
Nothing gonna stop you
there's nothing that strong
So close now you're nearly at the brink
so, push it
Ooooh yeah
Welcome to the limit
The limit
Take it maybe one step more
The power game's still playing so
you better win it !!!
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GBPUSD BREXIT ANALYSISTRADE WITH CARE THIS WEEK AS FUNDEMENTALS WILL RESULT IN MAJOR VOLATILITY ACROSS THE GBP AND EUR PAIRS!.
A FULL ANALYSIS BREAKDOWN WILL BE UPLOADED ONTO MY YOUTUBE CHANNEL BedroomBillions, Follow me on Twitter & Instagram @ Billionsfx , for regular market analysis
Following the upcoming brexit referendum gbpusd is likely to see large amounts of volatility, the pair is currently forming a triple top at key daily resistance @ 1.46838 zone, this is also in confluence with 200 ma which has been providing resistance for the pair.
The descending trendline has also acted as key resistance for the pair since September 2015 which we have seen many big downside movements off. A break ( and maybe restest if lucky to see one ) will warrant long entries to the upside target highlighted @ 1.52744.