IBM Earnings Create Velocity RunIBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit taking by Professional Traders, the stock price held above that resistance level.
Level
HD to Test Prior All-Time HighsHD has been working on a short-term bottom since December 2019. It is now poised to test the previous all time high level again.
AUDCHF Restest!I don't normally trade this pair but I've noticed that everytime price comes into retest level, it seems to retest then goes off in directions it wanted to go..
Now, it is at retest level i wonder if it will actually retests and go up in favour of at least 30-50 pips.
SPLK Shifting SidewaysSPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
SINA Trading RangeSINA is stuck in a trading range of 10–15 points despite strong buyback activity that supports the stock at the lows of the range. SINA buybacks are struggling to maintain the price level.
GBPAUD watch for longI am watching this area if the price continues down as I believe the price may reverse again and give great opportunities to go long. Patience at the moment.
USDJPY Short IdeaUSDJPY seems to be in a long downwards trend and it is currently under a strong resistance level. I am watching the price expecting it to continue downwards from here towards the next support level
Vedanta - H4 charts - support levelNSE:VEDL on the H4 chart approaching oversold zone on the RSI which is coinciding with the bottom of the sideways channel formation and on the daily charts we can see that is currently in the mid green zone on RSI, price could test 139 levels. Watch out if the price bounces off support , if yes, may go upwards toward the upper channel.
Ideally, don't trade the channel, look for breakouts. These maybe more profitable!
Trying between channels is riskier, know your risk!
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OMG / BTC Channel operation in 30% increments. Pivot points.After a false breakdown of the triangle, the price moved according to option 2 - trading in the channel.
OMG / BTC Operation in the horizontal accumulation channel in increments of 30%.
Pivot points breakthrough / retention of important support / resistance levels on which further movement I will depend on the chart.
I also showed various options for entering the market after confirming support for a certain local level.
The target are all on the chart depending on what price movement is confirmed.
A breakthrough of the channel and fixing the price above the resistance of the channel will open upside potential to higher targets than the potential of the channel.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
EOS local downlink. Potential + 50%Now the price is moving in the local downward channel in increments of 50%. The price is now near support, potentially, if support is confirmed in this formation, you can take a local movement + 50%
Points (zones) of a pivot and potential targets , depending on the reaction of the support / resistance level, I showed on the graph.
Stop Los s below the downtrend line. Which is the support of the channel.
STOP LOSS TO BREAK EVEN + SOME PROFITNo point letting this trade turn into a looser now. Two lower highs created, so some structure to help create a logical place to move the stop too. Stop will be now at 1.46825. Worry free trade now, let the market go where it wants on this pair now.
Updates to follow.
DLTR Turns at ResistanceDLTR was unable to break out above a high resistance level. The stock bounced at a short-term topping completion support level.
CTSH Bottom ImprovingCTSH has a basing bottom formation underway that is compressing at a higher low level. This pattern often precedes a breakout.
$WORK Looking for entry$WORK is rising from the ashes here. Look to break the first level and buy in for some long term positions. This is a ticker that should be kept on a tight leash though, set good stops and follow them. $WORK can reject at any of the levels.
ONCT crossing above a crucial levelONCT has reached a crucial level on the eve of earnings news.
It might crash down if it can't hold above this level or it might climb to $8.2 if it can hold above this level.
Earnings call on Thursday will fuel the move up or down.
Position will be based on the next couple days.
CDNS Bounces Off of SupportCDNS is at risk of a topping formation, but has bounced on its top completion support level. If the stock breaks through this support, the next level of support is below $50.
Level Analysis on $XRPZ19As we can see XRP is playing with the recent range levels. On both sides we can see the level touches: 1 touch, 2 touch, fake out on 3rd touch, back to range with force.
Not enough power to clear out the order book in the upper range, hence a heavy drop. On the downside of the range we have even more touches and the fakeout in the beginning. I applied the fibs according to the levels and ignored the first fakeout. I suspect price to breaking the lower level, taking it back into the 1.68 with a short term target of 0.000027 - more downside suspected. Very risky trade because of SWELL now, they could drop a bomb every second and make the price explode. Take care and have your stops.
VRSN at Topping Completion LevelVRSN has a bounce up at a support level that is technically within the topping formation completion level. The stock has recently consolidated above the prior low for this top.
NTES 4th wale?It is highly possible that NTES can go much higher, especially in a longer-term, but from another, bit short term perspective, it is to expect some future drop.
My play is to buy, but S/L will be at 281 level. If the price goes below the same level my play will be buy as well but with a 2:7 R/R
ZRX/USD Must Break Level or Doom!ZRX/USD Daily
- Testing Key previous support now becoming resistance around 33-34 cents
- Showing bearish divergence both RSI and MACD
-Rising wedge
-If bulls cannot rip through resistance could be looking at the 1.272 at .12 cent
Jusy my opinion not financial advice
enjoy
AMAT Trending UpwardAMAT is trending upward shown in the weekly chart view, after dropping to the 50% value loss level. This is a common area for a bottom formation to commence.
Head shoulders? or is ADA going up?Indicators show a decline. BTC itself is also located at a decline.
I see two scenarios leaving under the line of the mirror level.
Or will the level withstand the pressure?
What do you think?
ONT/BTC - How to TradeIn this chart I am showing a key level based on Fibonacci for ONT/BTC
Very soon we'll find out the direction of a strong trend.
Let me know what you think.
