Two formations occured with TCP. The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88. The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time. SInce...
Transaction Capital has been the come back duck since October. It's reached the first target of R6.88 in December. It then moved in a consolidation sideways pattern that formed a W Pattern. Since it broke above the neckline, the momentum has been on fire. This is just an update that the price is on its way to the next target at R11.53. UPDATE: Transaction...
Since the last update, Transaction Capital made a breakaway gap. It then reached and tested the supports and bottoms at R4.06. Once it tested, it formed a Rounding Bottom and was shown to be buying from Smart Money. This sent the price flying up to close the gap and to the first target of R6.88. With the gap closed, we can now see a new formation (Rounding...
Since the last update, TCP has been making higher lows - but on a very slow inclination basis. Nevertheless, as long as the lows hold we can hopefully get some buying into the company. The models are strong, the strategy is good and the competition is low. It's sad to see it fall like this.
Box Formation has formed on TCP. We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position. However, we are seeing potential signs of a bottom as there could be more buying to push the price up. Other indicators show including: 200> 7=21 RSI>50 higher lows Target one will be to the top of the...
Falling Range formed on TCP and there was a trend channel bearish 200> 7<21 All the signs were showing downside to a target at R26.46. Which it hit. If I held it just one more day it would have gone to R14.50. But that's trading for you. Now with the gaps and panic selling, we can expect some accumulation to form bringing the price up to close the gap. Then...
Falling Range is a trend channel bearish 200> 7<21 Target R26.46 CONCERNS: A trend channel is never as strong as a breakout pattern. The reason is the price can move in a sideways range before it continues its down or up leg. Also the price doesn't always touch the edge of the channel. I would wait for a breakout before I decide whether to buy or sell....
Welcome to the second episode of my #GEMHUNTING series where I look for micro-cap coins with both good looking chart & fundamentals. The chart looks good. Although the price broke above horizonal resistance and did not manage to hold above this area, it came back down and entered the zone of strong support confluence. Major support (green) is also close, but has...
Buy 0.18 - 0.195 Stop loss close below trendline. I'm expecting a nice run from TCP after a few days on consolidation
BOS from 22-Oct was not corrected, so price is moving back to correct it. The fun of it it all is that the demand area is aligned with the trendline giving us a double confident to hope for a reversal. I wouldn't misinterpret this as a reason to risk more than required though. Let me know what you think (like, follow and please comment)
TCP getting closer to a breakout from ascending triangle May see some resistance in 0.46~ area Expecting a slight dip and then a breakout
TCP broke out of the wedge and hit my target of $0.3500. 7 DAY SPOT PROFIT OF 135%, NOT FINANCIAL ADVICE.
** ON Daily And 75 Min Time Frame Trend Is On Upside .( Price Is Making Higher High And Higher Lows ). ** Price Taken Support On Trendline And Retraced From Demand Zone . ** Hammer Pattern ( Price Rejected From Demand Zone 323-326 ) After Hammer Dozy Form Indication Of Indecisiveness . Price Unable to close Above Dozy . Reference Candle Now Is Dozy . After...
Transaction Capital hourly chart shows the 3rd lower high, just after bouncing from the 200hr moving average at R14 and horizontal support was 14.50. Overhead resistance at R16.66. Stand by.
On the chart you can clearly see that long term support is broken. Also downtrend is in play since last couple of weeks - 2 trends are forming nice simetrical triangle. My bias is short here. A lot of traders are waiting for confirmation on daily to enter short now. Let's just wait for confirmation and see if the trendline starts acting as resistance (personally...