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IVR Symmetrical triangleIVR has been beaten down due to it's performance during the pandemic and may never see it's old all time high again. It's not all bad news however as the stock has run up quite a bit since falling and has formed a symmetrical triangle. This symmetrical triangle has broken out to the upside recently. My price target for this formation is 5.10USD. The measured move is based on the local high at 4.60 to the bottom of the first impulsive sell off at 3.51. My entry for this trade is at 4.06USD, I already entered this trade today. There could be a retest of the descending trendline that could provide a good entry under 4 dollars as well. My stop for this trade is at 3.71USD, which is just underneath the break up candle low from march 25th. This set up gives me a risk reward of 2.9 with a profit of 25%, not bad. The only thing That is not great is there has not been a increase of volume since the breakout, however that is normal for penny stocks in my opinion. Let me know what you think of this trade in the comments.
NYSE:IVRLong
by zac_destroys_all
5
BTCUSD falling wedgeIf you have been following my analysis on BTC you would know I've been paying close attention to the upper trendline ever since I noticed a head and shoulders pattern forming. That same trendline has continued to be major resistance. The bottom trend line has acted as decent support but we almost lost it. for a long time now I've been watching this broad bullish falling wedge develop between these two lines. I suspect that it will break to the upside and have us test resistance at 48480. once 48480 is retaken BTC will most likely continue it's slow grind back to ATH.
BITSTAMP:BTCUSDLong
by zac_destroys_all
4
BItcoin: 60k targetHello Investors and Traders, We recently got a good correction on multiple cryptocurrency on valentine day. More than a handful of crypto dropped 20-30%. That was bound to happen after an astronomical rise from prior weeks. The amazing thing is how majority of these crypto corrected right onto new major support before climbing back up. Taking a look at Bitcoin. We can clearly see when the break happened last week; roughly 43K. Ever since then we have been consolidating up. This is a very bullish sign and most likely we will head to the target indicated soon with this next push up. Let me know what you think.
COINBASE:BTCUSDLong
by Abdorhman-Thi
1
OGI: Potential for big upsideOn the 1 day chart for OGI my supper guppy indicator has turned green/blue, indicating an uptrend, for the first time since June of 2019. On the 1 week chart you can see that the fast EMA's on my super guppy indicator have turned from orange to grey...When the fast EMA's turn grey during a downtrend it typically indicates that price action could have incoming volatility and suggests that a bounce is currently ongoing. When you consider this in addition to the bullish super guppy signal on the 1 day chart and the strong signal indicated by my GMMA oscillator I think we are going to see some really nice upside.
NASDAQ:OGILong
by LivermoreGrahamDisciple
8
BTAI Symmetrical Triangle Breakout: Potential for 100%+ returnsBTAI has just broken out of a nice bullish symmetrical triangle formation. As you can see from my chart the breakout was backed by strong volume as it occurred at a significantly higher level of volume than seen during the consolidation phase. Now that the breakout has occurred you can also see my GMMA oscillator is dying to cross over into the green. The last and only 2 times the GMMA oscillator turned green on the 1 week chart it was followed by major price run ups. The first time we saw price rise from $5.60 in late December 2019 to $43.75 by Mid February 2020. The second time this occurred we saw price rise from $22.50 in mid April 2020 to $71 by mid July 2020. If we have another strong crossover into the green I fully expect another major run up in price. In addition to T.A I have also set a price target of $105 based on fundamental analysis. When coming to this number I was pretty conservative in my calculations and feel that the real upside may be even higher than this $105 number. Overall I am feeling very bullish on BTAI.
NASDAQ:BTAILong
by LivermoreGrahamDisciple