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Parabolic

Hyphens Pharma-bigger trend in the making? (warning:speculative)Let me qualify myself first. This is a penny stock and highly volatile, hence do not take this trade if you cannot take the volatility. This stock has the hall mark for a stock in the beginnings of a bullish trend: a base formation that lasted 2 years and now finally breaking above the 0.305 long term resistence strongly on 28 May, hit high @ 0.38 before violently giving way to profit taking. However during the violent fall, it stopped short @ 0.305.A break out of base formation and then a retest of the break out level - classic opportunity to enter near this level with initial stop just below 0.305 (we are talking about a 9-10% Stop loss when entered at this level hence be mindful and do not take undue risk with oversized positions). Volume is still not as high as I would like hence possibility of failure is there. Play it safe and not for the faint hearted! Initial profit @ 0.39 (retest of recent hi) with potential to go higher eventually (trailing stops). Let's see if it works out Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
SGX:1J5Long
by Juliac
ZIL Retracement Price Action Post Parabolic AdvanceZIL has had a brilliant couple of months, thus creating a very nice price trajectory in a parabolic advance trend, that now needs to be worked out next. Seems like the $0.0215 level is lost for good, so I will for the time being discount any possibility to revisit it. BUT if this level is broken and closed above, straight up continuation is more likely. $0.0173 Level has given the expected reaction already, so if this level is to be re-tested it is more likely than not to be broken, and so would create reason to test either $0.0160, or $0.0141 or both. There is likely to be a good reaction of this level and even a possibility of resumption of the uptrend, but IF broken and closed below, traders watching this pair should look down below. The levels this chart has below the strong median support at ~$0.0150 are around the $0.0121 mark, down to $0.0083. Any of these levels could realistically be revisited and offer a great opportunity to enter, although the latter level is LESS likely. Since the weekly did not manage to close a candle above $0.025, I'm afraid a deeper pullback is in play and therefore have my eyes nearer the lower values. As always, however, watching local levels play out will eventually show us where support is gained and a change of trend will happen. Till then NO BIAS and just watching the price action. Remember that anything can happen, and trading is just a game of probabilities. So do plan accordingly, and trade safe.
BINANCE:ZILUSDShort
by Ven7ura
ENJBTC | Parabolic Curve | Trade Setup ENJ BTC Points to consider: - Respecting the very bullish parabolic formation - Testing structural support - RSI above 50 - Below average volume - Price respecting and trading above 21 EMA ENJBTC retracing to test structural support after an impulse move to the upside Currently respecting the parabolic curve and trading 21 EMA both serving as very bullish indicators RSI also above 50 and forming a symmetrical triangle, a break to the upside will support the bullish bias Below average volume is an indication of an influx being imminent, this will also coincide with the possible breakout Next target will be the .5 Fibonacci retracement in confluence with structural resistance
Long
by Kudiiee
1
Bitcoin: Short Term Parabolic Trend 1H (May 15)X Force Global Analysis: Bitcoin has broken out of a bullish ascending triangle pattern, after a significant corrective wave. In this analysis, we explore the current technicals demonstrated by Bitcoin's hourly chart. Analysis - We have broken out of major resistance zones of 9.3k and 9.5k - We have also broken through the descending trend line resistance with great momentum - The most reliable support trend line demonstrates a parabolic trend for Bitcoin - The technicals demonstrate bullish momentum too - Relative Strength Index (RSI) shows a clear uptrend, with higher lower and higher highs as a sign of trend strength - The Moving Average Convergence Divergence (MACD) also demonstrates a clear uptrend, with strong bullish momentum - However, we have learned from history, that parabolic trends are not sustainable - After breakouts from more or less four base levels (phases of consolidation), a break down the parabolic trend line takes place, leading to a corrective pattern - Our last remaining resistance zone is at the previous local high, 10K Market Sentiment: The market sentiment is extremely bullish, with long short ratios at 73 to 27. What We Believe Whether this bullish move will mark the beginning of a new bullish rally, or whether it's merely a means to eliminate high-leveraged late shorts and provide liquidity in the market for bigger short positions remains murky at the moment. A break and close above 10K levels could confirm a bullish rally up to new highs, while a rejection at those levels could signal a bearish double top formation. Trade Safe.
BITSTAMP:BTCUSD
by XForceGlobal
1
DgbUsdt possible scenario and buying opportunity....Traders , after a 15% correction from our last top , we 're still sitting on a crucial fib level . A consolidation around this area could lead us to more than 50%move to the upside . I'm not familiar with the A-E waves but following our fibs and our curve , the result could be around the corner. Don't be fooled , a possible re-test of the 0.382fib at 0.02044 is a possibility. NO LEVERAGE is the best play on this pair .If this scenario is validated , TP around 0.034 .Trade safe .This is not a financial advise . Ben.
Long
by Ben1004