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Uptrendchannel

CROX BREAKS RESISTANCE I know I post about this stock a lot, but that’s because I truly believe it can outperform in the short run and over the long term. After falling out of the upward channel CROX found support at the 37.50 line, and bounced upwards to retest the resistance line (last week’s support line), at which point it entered back into its upward channel. This is despite a prolonged market sell off for the past 3-4 days. Looking at the rsi , we can see that it also just bounced off of its long term support line, and is now heading to the top of the channel. After being up 10 percent today, CROX hit the top of the channel (43 range), fell a little and is still up 7 percent today. Before modifying it taking a position in this stock, I would wait for CROX to hit the bottom of the channel, or for the stock to breakout. To predict a breakout, wait for a decisive close above 43 and for the RSI to break above its resistance line, as well as a jump in volume . Alternatively. The stock could hit the roof and fall to the floor, at the 41 level. Wait for the stock to bounce at 41, then consider taking a position in the 41-42 range.
NASDAQ:CROXLong
by Isaiahgr3
BITCOIN BEARISH SIGNALAfter just recently breaking out of a wedge pattern, BTC is traveling up the channel and is falling after hitting a recent top. Normally, I wouldn’t put much consideration to a head and shoulder pattern alone, but coupled with a breakdown in support for the RSI, one can’t help but sense a bearish outlook. I would watch the price at the 9700-10000 range as there is both a long and medium term support line at this level. Because of the head and shoulders pattern and RSI breakdown, I would expect a bearish medium term outlook. A fall past 9700 would cause me to be short BTC. A bounce at 10000 would cause me to remain neutral.
BITSTAMP:BTCUSD
by Isaiahgr3
5
BABA going UP!After hitting a double top pattern, BABA is heading back down to its support line. Watch it at the 252-253 range, at which point it should bounce. Both the RSI and trend lines indicate that the stock could and probably will fall further. For investors wondering when the best time to cash in on profits, I would set a stop loss at the 250-251 range. I would recommend taking an entry position/adding more if the rsi bounces off the bottom trend line, above 253. Interestingly enough BABA’s chart and RSI shows an upward channel.
NYSE:BABALong
by Isaiahgr3
Uptrend HH and HL Trading examplehow to spot uptrend 1) adding a trend line in the chart which works as a support . 2) breaking of downtrend HH : previous high HL : previous low trading uptrend market is simple here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio. HL : price retest this zone and break the HH and again retest the HH as a support .
NSE:SBICARDEducation
by akashinvestor
USD/CAD Bullish trend would continue? Bias: Bullish trend will continue, however it matters where we can see the entry point for a long position. 1. As mentioned in previous chart updates, we have been in a bullish trend, HH and LL. More than that, I am not surprised that the price action is really well respecting the EMA 200 days, except for many bad or good news of oil price. ( A myth is that Oil price increase >>> make a stronger CAD) 2. In this analysis, I want to highlight the fact that, Oil price is almost in a ''strong'' resistance areas, 39-41$ and CAD is heavily impacted by US Stock and Debt nominated in USD. Thus, I doubt for a bearish or reversal trend in next week or even in July. 3. Entry point, waiting for a pull back in 1h or 4h chart, the more price action is closed to its EMA 200, the more likely there would be a pullback to continue its bullish trend >>> USD is stronger than CAD ( As we experienced the same thing in March, when US Indexes went down, USD/CAD appreciated greatly). Target and entry point is hopefully possible in the illustration box. 1:2.3 _ Risk:Reward. TP: Around 1.3826 _ 1.4066. SL: 1.3506 _ 1.3426. Risk management is the key, USD/CAD is expected to highly volatile like US Indexes at the point of opening market.
Long
by JokerVN30
#Google - Uptrend might comes to an end but wait!! Google has been trading inside Huge longterm Uptrend channel however this is all based on monthly candles so WAIT FOR MONTHLY CANDLE CLOSE!! this is a long term analysis & smaller timeframe moves won't affect it, we have been in an uptrend since 2012 after breaking out of multiyear ascending triangle, now we are looking at a possible Double top on monthly chart also a Bearish Shooting star candle close Double Top :- If we does create a double top & have bearish candle close then I expect a deep correction at least to 0.618 Fib level mentioned on the chart (Orange box) we surely will have a bounce from there either to continue upside or reject down to much lower towards the Green Box. As I said in beginning this is a Multiyear trading idea so this should only concern to SWING TRADER & INVESTORS! Will keep updating timeline as we have more PA.
NASDAQ:GOOGL
by TradingV2
1
BTC About To Make New Highs?Cryptohopper Newsletter Market Analysis Bitcoin is, for the third time attempting to break the resistance between $10,000-$10,500. Breaking this resistance will mean making a new high for BTC this year. Based off of the previous bull run, we could expect the next resistance to be at $12,000. Should this resistance hold, we could see the price dropping to $8,500 and then even further to $7,500. We have slightly adjusted our uptrending channel from our last analysis. If the price respects this channel, BTC should break above $10,500 no later than the 22nd of June . BTC could, however, break this resistance even faster.
by cryptohopper
1
How Will USD Bull Run Continue USD is - still bullish, - has consistent volume, buys are slightly increasing since the beginning of the year. - made the bullish flag in previous year. - hit the bottom of the uptrend channel that validates the target zone at the top of the channel. - Turkish economy is still in fragile-five. Correction to 6.70 (Fib Level 0.236) is possible. It is up to you to wait for that scenario. Entry Zone : 6.70 - 7.00 TRY (Fib Level 0.236) Target Zone : 9.00 - 10.00 TRY (Fib Level 0.786) Stop : 6.40 TRY (Outside of the uptrend channel) Expire Date : Mid 2021 Psychological Levels : 9 - 10 - 12.5 p.s. This is not a trade advice. Do your own research and take your own risks.
Long
by aozan88
Bitcoin looking to pop @ 1:30amBitcoin is at the center of much controversy post halving and with COVID-19 still looming in the air theres some uncertainty. Nevertheless it has great potential in the long run as we all know but for the short term specifically at around the 1:30am time frame 4:30 EST, Bitcoin will approach a key area and will look to pop in the upwards direction. Also take note of the uptrending channel it is currently following which the price is looking to meet the bottom line at the specified time I stated above.
BITSTAMP:BTCUSD
by TradingGuru14