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Support Resistance zone Breakout with Volume Here it is clearly shown that there is horizontal Trend line zone area, where the price got couple of times resistance and same area it got support also and now recently price had given good breakout (with good intensity of volume) of that same level now, trend indicator macd in multi time frame is also suggesting positive along with rsi strength in multi time frame positive, we can expect the price could start the rally towards previous all time high. Weekly macd is positive crossover and Uptick and also above zero line Daily macd is positive crossover and Uptick and also above zero line Weekly RSI is Uptick and also above 60 Daily RSI is Uptick and also above 60 Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
by RK_Chaarts
EUR/USD | Institutional Analysis | Quasimodo PatternOn weekly timeframe, a potential liquidity could float below the double bottom. This is the most likely target. A continuation Quasimodo set up detected on Daily timeframe, so if we believe on our target we could grab the sell opportunity as described on charts. Additionally, we can find an internal liquidity, an extra reason for the market makers to push the price lower. This opportunity seems to be safe as continuation with a strong target closely below. Feel free to write your opinion on comment section. Stay tuned with our ideas for updates and more opportunities!
Short
by antorower
1
ETH pullback before new ATH?Good morning traders, Todays Crypto forecast is for ETH. Currently we are in a STRONG move up, this momentum will be sucking in new traders and new money each day. What does this mean? Looking at the current PA we can see a pullback is due and we are right in the target zone of a daily range which has yet to be mitigated. Currently I am expecting a pullback to the marks range before targeting the highs. Overall the momentum is certainly bullish but in the short term I expect a pullback, BTD because this could be the last chance for SUB 10k ETH... As always trade safe EnvisionEJ
BITSTAMP:ETHUSDShort
by EnvisionEJ
🌐 How not to be stuck in your position?🌐 How not to be stuck in your position? SIGNAL + TIMING = SUCCESS You asked me how not to be stuck in one long-term, seemingly losing position and how not to miss opportunities. You have to consider at least two dimensions of timing: zone and scale. What is a zone? - The time-zone of my signals is UTC, and so, you have to translate. What is the scale? - The scale of my signals varies from 1-minute to 3-month, and thus, you have the following kinds of positions. Top traders have at least three kinds of positions: base, intra-day, and long-term. What is your base position? - It is the base currency within which you feel most comfortable holding most of your capital, and it is usually USDT or BTC. What are the guidelines for intra-day and long-term positions? - Professionals often put up to 5% of their base per intra-day position, and they rarely use more than 25% overall of their base at one moment. - When you make a profit on an intra-day position, you put a part of it (for example, 50% of the profit) into your long-term trade, and you return the rest to the base. - This way, you manage your risks, and both your intra-day positions and long-term position will grow. +1 So, why can't an automated system simply do it for you? You have got your accounts, your assets, and your responsibility. Exchanges do not allow a bot to read how much capital you have in total, nor how your investment breaks down to different assets and accounts. Only you have got this information, and only you hold the right to manage your account.
BITSTAMP:BTCUSDEducation
by Elysian_Mind
1
Will EPRTs steady climb break all time highs from last year?EPRT has been on a steady rise since the crash of March 2020 and now it's challenging the all time highs from February 2020. Fundamentally: * EPRT's expected to deliver a year-over-year increase in earnings * This may cause the price to go higher and make new all time highs Technically: * EPRT's approaching it's all time highs and is expected to break above due to its earnings coming up. * Not much volume but it's relatively stable volume coming in Trade idea: * Now would be a good time to get in if you want to be early * There's not much volume so we may see a small rejection from the resistance point * For a conservative approach look for a daily break above $29.34 before jumping in. * A rejection from $29.34 may send it to retest the support of $28.70 so look for buying opportunities there as well.
NYSE:EPRTLong
by HaseebKhan_90
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade! This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon. Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week. Trade idea: * Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
NYSE:JBLLong
by HaseebKhan_90
STOR making higher moves to challenge all-time-highs!STOR has been on a rampage since the March 2020 crash. It has been breaking one pivot point after another. The 2016 highs ($31.44) were broken and served as support in 2019 and support again in Feb 2020. The price broke above again in November 2020 and $31.44 has served as support since. Now the price is challenging $36.40 which served as support for 5 months before the 2020 crash. The price did break above $36.40 and if the price makes a weekly close above $36.40 we may be looking at a run at the all-time-highs of $40.78. A run at the all-time-highs wont happen over night. It may take weeks or even months to get there but until then we'll ride the wave. Trade idea: * Wait for a weekly or monthly close above 36.40 as a confirmation. OR * Wait for the break but also wait for a retest as a show of confirmation that the price wants to go higher
SLong
by HaseebKhan_90
CNC retesting multi-year resistance! Will it finally break?CNC has had $74.50 as resistance since mid 2018 and it's currently being tested again. Recently the Price Action has been sticking very close to this resistance. This generally indicates that a breakout is imminent. If you go back to 2018 you can see that the PA has never stuck this close to the resistance point. Will it break? Your guess is as good as mine. Judging from the bullish PA, I'm going to put money on it breaking out. Volume is also signalling towards a breakout. Final thoughts: * Long term view shows a steady up-trend * Price sticking close to multi-year resistance * Day-to-day price action and volume shows that it's ready for a break * Look for buying opportunities once a breakout is confirmed. I'd be looking for a weekly close and hold above $74.50 This is one to keep an eye on in the coming weeks. P.S: This is the monthly log chart of CNC
NYSE:CNCLong
by HaseebKhan_90
NVDA Update, Able to reach to next resistance zone at 717-748?NVDA is doing great continuously making higher highs and higher lows in H1 time frame. It seems NVDA has defeated first proposed resistance zone and now is going to attack next one at 717-748 which is a broad one. Stochastic indicator in Monthly, Weekly and daily time frame is in overbought zone which suggests that going long is too risky now. For those who has NVDA shares my recommendation is to adjust their stop loss continuously and carefully. Good Luck everyone.
NASDAQ:NVDA
by SaeedSajedi
Clinuvel (CUV) set up for the next 200-350% run-up!Chart pattern: Since 2014 a regular chart-pattern can be observed in the Clinuvel ( CUV ) chart. After one year of a strong run-up (mostly starting in late February), the stock reaches a local peak (around Sept-Nov) and starts a correction (around -35% to -50%), followed by a longer sideways consolidation. Then the year after late Feb the next run-up starts. After the FDA approval in October 2019 the stock peaked, followed again by a strong and long correction and consolidation. Currently, a new upmove started end of February 2021, bringing the stock from its recent correction low already up by 40% (20 AUD to 28 AUD). Assuming the regluar pattern repeats, the new upmove has already started end of February and should bring the stock up to 60-86 AUD (200-330%) by autumn 2021. Fundamental support of the coming run-up Clinuvel is an innovative Biotech-Company, based in Melbourne Australia (ASX listed) and the world leader in Melanocortin-Hormones. Clinuvel offers the product "Scenesse" (Afamelanotide), which is approved in Europe since 2014, in USA since 2019 and in Australia and Israel since 2020. The company has no debts and is highly profitable. There are several fundamental accelerators and good news to support a coming up-move: - Continues expansion of the product in Europe (more and more countries are approved and reimbursed) - Massive revenue growth expected in the USA, as the infrastructur for the distribution of Scenesse has been established now - New Marketing and brand building initiatives - New studies in place for label extension of the product -> Vitiligo Phase 3 program to be started soon (Clinuvel is in final alignment with the FDA) (billon dollar market) -> Ischemic stroke program: First study to be started shortly (billion dollar market) -> XP study to proof DNA repair capabilities of Scenesse -> Launch of OTC cosmetic products for mass market, with active ingredients for skin tanning (billion dollar market) Overall, the management of the company is highly bullish to reach the set goals.
ASX:CUVLong
by TBech
2