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GCAP double bottomGain Capital Holdings has formed a mini double bottom and broken a couple trendlines. It should get up to at least the next trendline, though I have my doubts as to whether it can push through. The stock usually does well ahead of earnings, and right now it's being bolstered by an optimistic press release put out by the CEO promising good results from the next earnings report. It also got an upgrade from Zacks on June 26 from "Strong Sell" to "Hold." But yeesh, the ratings are still pretty bad, and the press release wasn't *that* optimistic. I don't think I can bring myself to place a buy order on this one, despite the bullish chart.
GLong
by ChristopherCarrollSmith
1
ETH and upcoming Constantinople Hard Fork on Jan 16Project Metropolis for ETH Stage 1 - Byzantium - Oct 16, 2017 Stage 2 - Constantinople - Jan 16, 2019 Previous action during stage 1 upgrade On Oct 12, 2017, ETH had a price spike from $302 -> $346, with a significant increase in volume starting around 20:00 (UTC -8:00), and with the peak around 11:00 the following day, roughly a 15hr time frame. 24hr volume nearly tripled during this same period. The higher price levels held steady until Oct 15, around 22:00 when a strong selloff occurred, right before the Byzantium upgrade was performed. By the end of the sell off, the price had dropped past previous support levels to $291 by Oct 19, and $218 by Oct 23. Keep in mind this was during a strong bull market. Recap of previous action during stage 1 upgrade Oct 12: $302 -> $346 (+13%) Oct 15-18: $340 -> $291 (-14%) News On Jan 16, developers have agreed to hard fork Ethereum. This is the second stage for Metropolis, with the goal to help Ethereum network to be more efficient, quicker, and less expensive. Potentional price action Can we expect similar action as we approach the upcoming Byzantium upgrade? It's a bit early to tell, but it's important to watch more closely as the date nears. If volume starts increasing, we could see a significant 10-15% price increase, and rapid selloff just before the upgrade occurs. Currently we had a price breakout following a falling wedge (blue), as bears ran out of strength near the previous support levels around $112. You'll notice the candles got small right before the upward breakout. The breakout pushed the price all the way up to $140. A new upward trend (purple) could be forming. Moving forward, it's important to watch the price action near the lower trend line (purple), and the next line of resistance (red). If the lower trend line holds, and the line of resistance is broken, then we might see a solid upswing approaching Constantinople. Overall, I like the current the price action and I'm feeling bullish as Constantinople approaches. Keep in mind overall market is bearish right now. But we are heading into the new year, a time when sentiment is generally positive and people are feeling good.
ELong
by CryptoKujira
Monero (XMR) major upgrade makes it officially “Bulletproof”Following past months of development, Monero was preparing for a major upgrade, which yesterday was successfully activated. So what is the upgrade all about? On the 18 October, Monero has implemented a Bulletproffs protocol, which is an advanced technology that makes any blockchain more efficient, cheaper, faster and more scalable. This method for sending private transactions, is considered to be the most effective, which can have a massive effect on Monero, now and in the long term future. It is time to look at the price action since the Bulletproffs protocol has been integrated … Clearly, market hasn’t reacted yet, as during the past few days it continues to trade near the 61.8% Fibonacci support level at btc 0.0015756. However, what should be noted, is that this level has been tested a number of times, and each time price rejected it. The important thing is that after upgrade, price hasn’t fell below the support, and today actually bounced off it cleanly. Not to mention the bounce off the uptrend trendline. So far the price action stays positive for Monero. As long as the support level is being respected, XMR/BTC will either consolidate or continue trending upwards. The consolidation should be confirmed upon the rejection of the btc 0.018600 resistance that is 61.8% Fibs. Upon the price breakout above this resistance, Monero is likely to travel further north, aiming at the key resistance area near btc 0.002 psychological round number. Namely; 78.6% Fibs at btc 0.020088 or 88.6% Fibs at btc 0.020977. Currently RSI oscillator remains below the downtrend trendline, which makes Monero buying opportunity very risky at this time; disregarding the fact that the support is holding. Perhaps more time is needed for XMR to reveal its’ price development plan. Talking about the risk, if the support will be penetrated, with a clean daily close below btc 0.015627, Monero might be forced to go lower, hitting either btc 0.014800 (78.6% Fibs) or btc 0.014230 (88.6% Fibs). Briefly, fundamental news are extremely positive for Monero, although investors didn’t react on it. Perhaps market is still digesting the news and as long as the support is holding, price is likely to rise. Support: 1. 0.015756 2. 0.014800 3. 0.014230 Resistance: 1. 0.018594 2. 0.020088 3. 0.020977
X
by CryptalDash
1
INST: Instructure Inc. Long MACD(12, 26, close, 9): Showing a cross on the daily on 7/9/2018, as well as a cross on the weekly for this week if momentum holds up. Trendlines: Drawn on a weekly chart you can see what looks like a loose long-term channel, showing strong momentum for the upcoming weeks. INST just broke past a resistance point on both weekly and daily charts. On the daily chart, there may be a cup and handle forming very shortly. Moving Averages(20, 50, 200, SMA): Price is now sitting above 20 and 50 sma, and should continue the upward trend. Volume: What drew me to this stock was the large pop in volume on weekly charts following a past earnings report, showing lots of strength. Up today on a Citibank upgrade with a $55 pt, Company has little to no debt and has been exceeding past earnings estimates. I bought 35 shares on 6/12/2018 at 45.50, I am thinking about purchasing more if price action breaks past previous highs at 46.95 Stop at 40.30, PT $50 Daily: www.tradingview.com
NYSE:INSTLong
by odeaolay
3
TSLA Cup and Handle 2.0In the end of August of 2014, Tesla completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA CEO Elon Musk said in the last quarterly call that Model X configurations will be done in "Early July", which by Tesla time, is actually "Late July".
NASDAQ:TSLALong
by 32no
4
LC - Bullish Wolve Wave Pattern & Analyst UpgradeWW Pattern is a very reliable chart pattern, many of my previous ideas are based on it The falling wedge is a bullish pattern that in case of breakout would lead to target along 1-4 line. More details: thepatternsite.com 3 and 4 are not very well defined, that's why I made 3' and 4' scenario. $LC received an analyst upgrade the 20th May by Morgan and Stanley that occurs right after the last exhaustion of the pattern (5). Coincidence ? You decide ;-)
NYSE:LCLong
by B33tcoin