Analysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the...
BUY ABOVE - 18550 SL - 18500 TARGETS - 18580,18610,18640 SELL BELOW - 18500 SL - 18540 TARGETS - 18460,18420,18380 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
GBPCHF currently trading converging triangle and making support around 1.11500 region with in triangle . Will it break through triangle for bullish trend ?
Finally the price has been broken the wedge, find a good entry point and enjoy. you can take your profit at green levels (21.30, 22.78, 23.68)
on last analysis of Solana I mentioned that the wedge is controlling the price ant it is risky to get short on Solana. and as we can see the wedge still is valid and we recommend to don't go for short trading and for long it needs break conformation.
COMEX:HG1! One word - CLEAN! What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks. Pattern - Triangle/Pennant Highs: 4.2100 Lows: 3.8255 A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower! Currently, as long as we...
Fundamentals The fundamentals are obviously strong after the last year and a half The revenue and profits skyrocketed as the price of oil went up. All the measures possible are flashing green, whether its EPS growth, ROE, ROA, debt-to-equity etc. Valuation is still low , just like the wider energy market, due to ESG reasons and just a general...
In my last FTM analysis I talked about the potential Pennant pattern that FTM was trading in. After founding temporary support at the bottom of the wedge, BTC continued trading bearish and dragged FTM down with it. As a result, FTM has fallen through the support and is currently looking bearish in the near-term. Before any chance on a reversal, I think we have...
hello friend this is my opinion about usdcad dont forget money management
this looks like a cup and handle pattern about to form ... add to your watch list and be on the look out for more confirmation .
LTC has been on a massive move over the last couple of weeks, arguably in anticipation of the LTC halving. After a week of sideways movement, LTC has finally broken out of the bull-flag pattern and is resuming upwards. First target at the most recent local top, second target at 100.
In order to construct the slow stochastic I changed the parameters to 100/10/5, this creates a slower stochastic which is better suited to detect long-term shifts in trends. In all of Bitcoin's history, this slow stochastic has crossed the 30-line from below only 4 times. The previous 3 times all signaled the start of a new bull-run. Three weeks ago, we had...
After a huge move at the start of the year, FTM has been consolidating inside this pennant pattern for around 4 months. FTM has been quite volatile both downwards and upwards, so there's a decent probability for the price to move back up after a month of selling. I'm anticipating a move towards the top resistance of the pattern, which is a nice ~25% move. In the...
Buy now for the target of 1130 SL below 937 weekly close
LINK has been trading inside this bullish channel for nearly half a year now. The price has found support during last weeks' sell-off and seems to be reversing today. Since there's still some uncertainty in the market whether we go up or down, I'll keep my targets close, see blue lines.
BNB has been trading inside this rising wedge pattern for several months now. Rising wedges are classically bearish reversal patterns, so that's the direction that we're going to look. BTC appears to be weak. If this weakness continues, I'm expecting a bearish break out of BNB in the near future. In case we get a bullish CPI reaction today, BNB might see a...
Recent AI memecoin all should look closely. Bullish Pennant insight. All depends if BTC holds 28k and proceeds upwards from now on. Good luck.
GALA has failed to make a bounce from the dotted resistance, and has fallen through it. In my eyes, GALA will fall further. I'm looking at the blue lines as my initial targets.