Technical Confluences: - Price action is close to the 78% Fibo Extension and is at a strong Demand Zone - Stochastics is in Oversold conditions from Daily, Weekly and Monthly Fundamental Confluences: - Currently, Intel is trading at tangible book value ( thevalue you will get if the company gets liquidated) - At such value, chances of a takeover might be there...
Pair: HTX:CSPRUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on H4 time-frame - Price action is close to bottom of a Parallel Channel - Price is entering a Demand Zone (Yellow area @ Current rice) - Aiming for the next two Supply Zones (TP 1 @ Blue Horizontal Line & TP 2 just...
Entry here looks to be in the channel of $53.69 and $54.54 Retest the 34 EMA and run north, notice the prior marked bubbles, hit the 34 and run -*Buy the dip on an uptrending stock*- Yes, lots of marked lines, etc. But learn something here, and profits will come eventually... Once this hits the 34 EMA and/or our price target channel 53.69/54.54 VOLUME MUST BE...
Todays Analysis – DLTBTC – Trading within a range as price retraces to test daily support Points to consider: - Support confluence - Declining Volume - RSI below 50 - Stochastics Oversold DLTBTC needs to hold daily support upon retest as it confluences with the .618 Fibonacci resistance to substantiate the thesis of a long trade to structural resistance....
Hi Traders! The market is in a strong Downtrend. As you can see the market also reached the Support. The momentum of the price decreased too. The market is at the moment in a descending wedge. The Trading Idea is simple: Just wait for the Break of the Upper Trendline. We have these confirmations now: RSI is oversold Stochastic is oversold Market at daily...
Step #1: Identify a strong trading market that has a clear bullish trend The first step is to identify a strong trading market that has a clear bullish trend. Our team at Trading Strategy Guides has discovered that you can benefit more by using the stochastic indicator to trade pullbacks rather than trying to pick a falling knife or to jump in front of a...