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Roundingbottom

ETH Looks like a Round bottom to meAlright, first target hit! I started this post yesterday but accidentally posted the post in privately I'm still learning Trading View as a platform, but that is where I posted these price tagets before the short squeeze... a little bummed it didn't post publicly because I want to get my rep up to be able to comment. If you want to see my chart where I called it the link is here: ^^^This is a continuation of that chart^^^ Well, we hit the first target a little quicker than I thought we would haha look at where I but the box I wasn't expecting that glorious of a short squeeze like the one we had overnight. Because we hit that faster than expected I'm holding my position for the second target. I mean we blew through my first target so I'm looking to number two and honestly, I think the market has bottomed so I'll probably just HODL from here haha. Well Like this if you like this, and comment if you have questions, I'm happy to answer them. Remember this is for educational purposes and is strictly my educated opinion involving my own porfolio. Please do your own research before trading yourself. Thank you all!
BITFINEX:ETHUSDLong
by DHuts
1
It's Bulltime for Bitcoin! Read here what's happeningHello and welcome to my Bitcoin Analysis! The weekend is knocking at the door but before we let it in, we should take a look of the market behaviour in the world of Crypto. As Bitcoin broke through the big resistance (white trendline) one week ago, it did not approach the trendline again but makes higher highs ever since. At the current moment I see a healthy market sentiment with new money coming in daily based on the information I get from coinmarketcap.com The era of the bears seems to be over for now which means it’s bulltime! 1. Bitcoin is printing a rounding bottom at the moment. This is a common reversal pattern which is a relative of the C&H which is also a possible outcome. (White round line on the chart) 2. The next major resistance in my chart ist he former neckline of the H&S reversal which was penetrated but didn’t break through. We can expect heavy resistance at $11700. 3. Minor resistance areas are the EMA’s. We’re currently flirting with the 55 EMA (red line on my chart). The next stop is the 200 EMA (Turquoise line). 4. All in all the market looks healthier than a long time ago. We might even see a new ATH this year, when mainstream media starts reporting Have a great weekend and a good time trading, guys! Always take care of your money. Best M.S.
BITFINEX:BTCUSDLong
by mulugulu91
2
Picture perfect rounding bottomShares of ANFI appear to be forming a rounding bottom, with resistance overhead at $4.40. A breakout above could cause shares to rally, but a failure opens the door for a retest of the lows or extend lower. To be fair, I don't know much about this company's fundamentals (yet), so I'll update this as I sift thru the financials. I just wanted to point out this damn-near perfect rounding bottom. If I end up positioning one way or the other, I'll update this idea. For now, I'm neutral. Comments? Thoughts?
A
by EchoAlphaBravo
SingularDTV (SNGLS) Looks Ready to Pop!Hey, I am back with yet another chart. This time I took look at SingularDTV - SNGLS. I was looking on Binance for a coin/token with low value, low market cap and approaching bottom with a some support. SNGLS is a Token with a rank 196 in marketcap, which means, this coin can have strong breakout. Also the USD price is really low, same as in May 2017. Okay, but now straight to the point. Chart. From the beggining, SNGLS has been downtrending just as every other coin listed on binance, huge daily price movements. On 12 december SNGLS hit 690sat and found pretty strong support at that price. When SNGLS has shown that the price is holding at support (bottom) it had popped, right when BTC 1.17% was falling from 18,000$. It was solid 450% breakout which is not that bad, or is it? The price have started dropping after the RSI falling to low 40 levels. Now we are at the "Bottom", which is great buying opportunity for SNGLS as we are on strong a support. It looks like we can form Rounding Bottom or Cup and Handle , we have potential for 340%, but its not that likely, but still, these low value tokens are often pumped, take STORM as example. I wanted to buy STORM, as the price was few days on really low Values, but I wasnt sure because there were lack of graph info. Mkay, the 3 Red lines represent ressitance lines. Put sell right under those if you want to play safe, but keep in mind those crazy top candle wigs. If the support wont hold, and daily candle closes under "Bottom", sell, I still feel like we can hit the bottom one more time before any major price movement upward. Yes, so there are 2 ways. A - break from the rounding bottom. B - break from the cup and handle. Indicators. Bollinger Bands - Getting tighter, when the price is really stable as it is now, which means no crazy candles, that often lead to breakout, but not always. Relative Strenght Index - We are aprroaching the good zone above 50, lets see if we can keep it up. Commodity Channel Index - Good levels here as well. Volume - for now, we have low Volume , but that can change in matter of hours. Thats all I have to say for now. If you agree or dissagree let me know, in comments down below. Good luck trading!
S
by TiborVrbovsky
4
MOMO is making a reversalPotential Reversal in MOMO. . + EMA20 Crossed Above EMA50 + Price stay above EMA20, RMA50 and EMA200 + Price broke Downtrend Line and making Higher High + Price making Lower Low and tested Uptrend Line several times. + Nice Volume + Break Upper Bollinger Band + Strong +ve Force Index. Expect to pull back a little to test EMA20 and make another Higher Low before continue to move uptrend to First Target of $39. Next Target is to close the GAP down at $41 and Complete Rounding Bottom pattern at $46. Conservative Trader : Put in watch-list. Partial Entry after pullback and new Higher Low form at around EMA20. Aggressive Trader : Long with stop loss at previous Higher Low.
NASDAQ:MOMOLong
by kgiap123
1
Ride the GPRO bandwagon?POOR FUNDAMENTALS, BUT VALUATION COMPELLING? It took a BUY rating from BAC, ahead of the much anticipated Karma drone product launch (conference due today) to propel the shares significantly higher, even though the company has been suffering from decreasing topline growth rates and an unprofitable business model. Will this trend continue? TECHNICALLY STRONG After the infernal descent of 2015, this year has mostly been one of consolidation for GPRO. Since the all-time low of mid May 2016, it has staged an impressive rebound (c. +80%) and it seems that the rounding bottom formation of 2016 is ending successfully, in a breakout to the upside supported by good volume and preceded by a golden cross. Today is the 3rd day of vertical upside on significant volume, suggesting some sustainability to this movement. Those tempted by further potential upside could initiate a partial position here and buy further on weakness all the way to $14.00. If the breakout is further confirmed, the upside potential from here could be substantial but given the recent outperformance, the trade should take time to unfold. Allow wide stop losses to give this trade some time. HOW TO TRADE THIS? Key levels on the downside: $15.00/14.50/14.30/13.50 Key levels on the upside: 16.25/20.00 Aggressive investors should use a 13.50 stop-loss (-14%) more cautious traders should use a 14.30 stop-loss Alternatively, buy a 21/10 OTM Call with a 19/20 strike and pay some 2% for unlimited potential upside
NASDAQ:GPROLong
by HAL9000
USDCAD Rounding BotomUSDCAD Bulkowski's Bottom Round Percentage Meeting Target Price - 57% Measure = 288 Pips 288(0.57) = 164.16 Price at Bottom = 1.2766 1.2766 + 164 = 1.2928 Target Price = 1.2928 Target Price is in confluence with Fib Zone Wait for completion of bump (struggling with moving avg, here) and continuation of bowl for buy confirmation. Begin entry = 1.2800 or greater (Mnth Support) Depends upon price action and completion of bump. Problem is moving averages at 1.2800 level. Bulkowski Rounding Bottom We shall see.
Long
by dead2live