PLTR Bounce on Support with Bullish MACD crossoverI will be watching for a strong bounce on support here in which case I think we will see some nice quick upside to $25.50+. However, if support is broken I expect a significant drop and a retest of support at 21.10 level that we can clearly see on the 2 hour chart.
Upside
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.
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.
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.
CAD/JPY - Two Potential Price Paths IdentifiedWe saw a break of this range to the upside last week. We have identified long term targets by looking at HTF key levels. Will price continue to rally or retrace to test our previous resistance zone as support before another push to the upside?
Check out our two potential bullish price paths on the analysis.
Any questions - Drop me a DM!
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.
LAZR Breakout of Bullish Symmetrical TriangleLAZR has broken out of Bullish Symmetrical Triangle while at the same time my super guppy on my 2 hour chart has indicated a confirmed uptrend... I expect LAZR to easily hit price target 1 and I think it will more than likely hit price target 2 where it will then attempt to find new highs.
AMDI think we could see price move to $100+ very soon. I anticipate another runup and test of upper resistance line from this current level. I would be quite comfortable selling at or right below price target 1 however, if there is a strong breakout confirmation I will continue to hold in hopes of selling at $105-$110.
PVG IdeaBased on my fundamental analysis I have set a price target of $13+ for PVG. Watch price action and look for breakout attempt of rectangle in the coming weeks.
EUR/CHF - Bulls Take OverBreak of structure, double bottom formation - bulls take over the market and break through range bound price. Simple analysis on this pair.
Watch for the blue key levels marked for turning points as we begin our ascent! Check out our two previous linked ideas!
Happy Trading!
Love this setup for EHTH: Major RunupEHTH looks primed for a major runup... All fast EMA's converging and crossing over from orange to grey with the slow EMA's turning from red to grey with a very bullish signal from GMMA oscillator all suggest to me this is entering a new bullish trend and will hit levels it hasn't seen since June-July