Back above the 1 day 50ma & the mid channel trendline!We have just followed up a 1 day chart higher low with a higher high which is also a good recipe for a bullish trend reversal. Need to see a follow up additional higher low from here now to really set it in stone but it’s very possible we go all the way up to test the 1 day 200ma (in blue) before that correction down to the next higher low. The target for finally breaking above the mid channel trendline (in yellow) is the top of the channel to test the descending channel’s green top trendline. Wouldn’t surprise me if we retesting the 1 day 200ma at the same point we test the top trendline of the channel around 44k then get rejected back down for a higher low (maybe to retest the middle channel yellow trendline one last time as solidified support before finally breaking out of the entire channel). Of course there’s no guarantee of that retest it could just decide to go parabolic and blast past the channel’s top trendline upon the first retest. However odds favor an initial rejection if that trendline is double reinforced resistance with the 1 day 200ma (in blue) overlapping it. Always a chance we could see a slight correction on the way up to that top trendline first though and achieve the follow up higher low before even testing it, in which case we could correct as low as the mid channel yellow trendline imo. All in all, having this turn around occur right after amazon finally admits it’s exploring crypto for payments which we all knew they were going to eventually do, is enough of a bullish excuse to send it flying so the correction could very easily be over. I’m leaning bullish in the slightly more macro short term.Stillw ant to see that follow up higher low first though.
Higherlow
Trading Idea : Buy Bajaj AutoNSE:BAJAJ_AUTO Making Higher High & Higher Low on weekly chart. Stock is suppose to bounce back from recent swing lows which is around 200 Day EMA.
We are recommending to buy stock around 3850 levels with Stop Loss of 3700 for the target of 4300 which near previous swing high.
SYK breaking out once again with higher volume!* Exceptional earnings year over year
* Very strong up trend
* Breaking out of a 4 month consolidation period with 63.09% more volume than average
* Pays out dividends with a Payout ratio of 44.50% which means that the company has a lot of room to grow further and possibly increase dividends as well!
* Probable ROI is 12.98% if the trade goes in our favor
Trade Idea:
* This is a great time to get in as it's breaking out for the second time after using the $268 area as support that made a higher low!
$VISL bullish run incomingBottom has formed on $VISL w/ bullish PA showing 3 higher lows.
TP levels are not 100%, but outline where I have set my long term views at. These are heavy resistance levels so I will base position decisions off of price reaction.
EURAUD 8 HourPrice currently is following an uptrend making higher highs & lows. Price is now at a very powerful zone making a new higher low, & momentum seems to be slowing down here. From this zone, I will be watching price action for confirmation for price to resume the uptrend for a new potential higher high next.
$USPT - Gorgeous Consolidation on Increasing VolumeThis chart is looking better with each day that passes. USPT has been consolidating for the greater portion of a month, while consistently testing the 126 level and creating higher lows in the process.
Volume has been steadily increasing throughout the month as buyers aggressively and consistently step in after each rejection, leading me to believe that we likely break this 126 level soon. Lots of bullish action taking place in this ticker, it's only a matter of time before sellers get exhausted and we make a large move upwards.
Once 126 breaks we likely visit 134, and above that 144.
All that being said, stay patient. This trade make take a bit longer to play out than originally anticipated.
$LINK: Pitchfork still providing clear S/R levelsHey yall. I think $LINK is looking really good here! We've seen a pretty clear A&E bottom with higher lows being created! As you can see the blue 1.0 pitchfork prong that acted as such strong support is now acting as a clear resistance! If we go back to re-test that 19.50 levels where we previously held and failed, I'd expect a bounce to above 20 and to continue our way back up!
Fundamentally SWIFT news and the amount of integrations and partnerships only continues to grow for Chainlink. Smartcon is coming. Super linear staking is coming. Any $LINK price under 50 dollars is a gift. I've been buying these last few weeks. Long term plan still intact.
BTC short term decision timeAfter breaking down from a recent pennant it is now decision time for Bitcoin to print another low. The question is whether or not it will be a higher low in the short term.
Failure to print a higher low could result in a further drop and more continued macro sideways movement. Whereas printing a higher low may assist the price to push higher and have another crack at early 40k prices.
It will be interesting to see if another attempt at the early 40s will surpass them, or if we will get rejected again.
Also as a side note, we recently got supported by the 0.5 fib retracement which is a good sign.
With the current market sentiment, I am expecting further sideways movement for a few more weeks or months. But my opinion doesn't dictate the market's movements.
Bullish and Bearish Trend | ForexbeeBullish Trend
Bullish trend refers to consecutive higher highs
and higher lows in the price of a currency pair in forex during a specific timeframe. it shows that there is strong buying pressure.
Bearish Trend
The formation of consecutive lower lows and lower highs in the price of a currency during a specific timeframe is called a bearish trend. It indicates strong selling pressure.
Gold Spot BullishHello traders this is my analysis on gold spot my one of my favorites CFDs Using Heikin Ashi 4H candlestick charts showing higher highs and higher lows price action on this parallel channel still growing strong and still showing bullish signs.
However, I see that we are heading towards psychological resistance price level 1958$ which is a very strong resistance zone denoted in red rectangle which price has tested twice around November 2020 and early January 2020 partly of the decline of corrective wave B.
Price action set up now to break this resistance point with strong buying volume and bullish sentiment from traders and analysis.
I'm 85% confident gold is set up for a bullish market. Get your orders in; place your long positions from anywhere between EP@1890-$1910 ;TP@ 1950
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