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Upward_channel

$ACB: A closer look at the dipMy last analysis of $ACB was on the larger time frames which indicated more upside in the coming weeks. Now let’s look at the 4 hours time frame: I’ve indicated zones that we continue to surpass & each new zone we enter, we go into an upwards channel. If you have not entered, watch for price to bounce off of upwards channel before entering. Identifying the upwards channel in each new zone is a great opportunity to gradually add or for a first entry point before we reach all time high. Also, $ACB was recently rewarded with the maximum number of lots in German cannabis tender. This is jus the beginning of many great news to come. A partnership with a large consumer company (in the works with Nelson Peltz) and the R&D expansion will shoot this stock through the all time high in my opinion.
ALong
by Litwolf
$OLED - Gearing up for Wave 3(up) - (IF it Holds)$OLED was one of the first to begin its decent earlier this year when $AAPL announced they were taking things in-house & scaling back on $OLED related products. Following its most recent drop, it is sitting near perfectly on its long term trend line in the high $80s. If this holds(tight stops are suggested), I'm anticipating the beginning of Wave 3 up, which if validated could result in a near doubling of its current price. If it drops, stops hit & long term trend line lost, but R/R looking pretty strong at the moment
NASDAQ:OLEDLong
by lordhinktoshi
SQ Upward Channel and Horizontal Support Lines.A conservative upward channel for SQ as charted from its Autumnal breakout. I found it interesting that the parabolic trend that seemed to be forming around November crashes almost in concert with the beginning of the BTC breakout around the same time, far afield from each other in market (NYSE vs. OPENSOURCE) but deeply correlated. Vague ad-hoc speculation but perhaps young-excited money switched their digital finance investments and went with the hype on BTC over SQ. Most importantly for me however, the fall from parabolic did not see a correction beyond the strong upward channel. Note that whenever the channel lines have been violated historically, we see quick corrections. Expect slight lingering at each horizontal line, be wary which way it breaks if the candles do not hover around these lines, market neglect of a particular previous resistance/support may indicate a slight trend adjustment be very concerned if it falls below lowest horizontal. MY PERSONAL NOT TRADING ADVICE strategy here is to ride the channel up selling 10% at every 24hr successive higher-highs that break above the trend (cream the top), until 72hrs of growth, and then reassess. And buying 2.5% more at every 24hr successive lower-low (BUY THE DIP). BUT if 36hrs successive lower lows, I will sell 5%, 10% at 48 hrs, and then reassess, a scaling stop loss of sorts. The rationale here is hopefully obvious, sell a little on crazy upwards moves, you can recover most of it back if long term trend continues with minor violations/corrections of trend. I want to capitalize on these corrections (up or down) as long as I still believe the trend is intact. That is why I "reassess" after 72 straight hours of 4hr greens, perhaps I should stop selling and hold on, maybe the trend has shifted to a higher growth trend. Similarly I reassess after 36 hours of 4hr reds, slightly more conservative, because I am much more concerned about the trend shifting sideways or downwards then I am it going up more. Excuse the rant, this is more for me than you ;)
NYSE:SQLong
by poetichigh
Litecoin Short Term TA Day 21Happy Friday everyone. BTC / LTC and other crypto currencies have looked extremely promising the last day or two. The volume has been steady which is making me believe this isn't another trap. We need to keep this upward trend up though for the next or so because we are still not out of our bearish state. For BTC, the $8400 range needs to broken, and for LTC it's at about $145. Right now we are in a upward channel, short term setting higher highs and higher lows. To continue this pattern, we first need to past a small resistance of $133, then we will need to test our key resistance which is about $135.5. This is the previous high we reached a little bit ago. It happens to match perfectly with the resistance line, so it's possible a bounce off it could happen with a retest of our current price levels. If things turn around, our first support will be at $130, if that is broken, then our current channel will be broken and that could signal a reversal. Our key support after that is at $124, then $120. These two will be critical to hold because if we drop back below that, we will be right back where we started before all of this. Long term support is still at about $114 which is good. Volume has been steadily decreasing the last few hours, so make sure to keep an eye out on LTC and especially BTC. Stoch rsi on the daily and 4hr charts is nearly peaking so it is important that their is buying pressure within the next few hours if we want to continue this trend. Check out my previous TA's in the related ideas section and please like/follow if you would like to stay up to date with the TA's I post. I will update this if any key support/resistance is broken. Have a great day everyone.
BITFINEX:LTCUSD
by whatsinthecupsir
MMM - Upward channel breakdown short from $221.87 to $184.70MMM Seems breaking down from an upward channel formation & also breaking down below 200 days moving average. It has fair amount of insider selling. We think it will continue downward from here. To play this we Could consider July $200 Puts (currently 2.10) * Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- - Upward channel breakdown short Entry Criteria- $221.87 Exit Criteria- 1st Target $200.73 & 2nd Target $184.70 Stop Loss Criteria- $238.57 Indicator Notes- Negative Twiggs money flow index Special Note- Insider selling a few 29-36% selling. Could consider July $200 Puts (currently $2.10) Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:MMMShort
by AcornWealthCorp
AOS - H&S formation short from $$66.16 to $53.35 AOS is running within a channel formation & now challenging its channel resistance. It also seems shaping a H&S formation. We think it has good downside potential from current level. To Play this we would consider $65 July puts ($2.95) * Trade Criteria * Date First Found- February 22, 2018 Pattern/Why- Upward channel; H&S formation Entry Criteria- From current price ($66.16) (Hit February 23, 2018) Exit Criteria- $53.35 Stop Loss Criteria- $68.67 Indicator Notes- Twiggs money flow heading to the negative side. Special Note- Quite a lot of insider selling. Sizable insider selling in early February We would consider $65 July puts ($2.95) Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:AOSShort
by AcornWealthCorp
OMG: uptrend despite crypto slumpAllthough I currently hold no position in OMiseGo I really like this token. OMG is about banking the unbanked, starting off in South East Asia. It is an ERC20 token and the first Plasma Network crypto (scaling solution that should allow for up to 1 million transactions per second!). It aims at allowing cross platform operability with a whitelabel SDK wallet (for instance transactions between Paypall and Alipay!!). Their ambition is to process every single transactiojn on the ETH blockchain. They allready have an impressive list of partners as well as advisors, just checkout omisego.network Price development of OMG shows just how robust this project is, while bitcoin and most alts have been slumping since early january, OMG has allready taken out january's high (in btc price that is). The token is currently in an upward channel pretty close near the low range of this channel. RSI has given us 'Hidden Bullish Divergence' which indicate underlying strength and a good entry or re-entry moment (buy the dips). Look for a move towards the upperband of the channel (near 0.002btc) and if altseason takes of way beyond that!
Long
by Crypto_Keiser
Bitcoin (BTC) Trending Upperward Channel. Is it Sustainable?As predicted in my previous post about the BTC trend reversal, we've seen a healthy upward trend. All we need to do now? See if BTC continues its upward reversal through the channel shown in the charts. I've been using both RSI and Stoch RSI in order to see when they show that BTC is over/undersold. I'm currently seeing that BTC is showing signs of being oversold during our rally. I'm long-term bullish about BTC , but very short-term, it looks like we'll see a bit of a retrace after the rally. How much? I'm not sure, but as long as we stay within our upward channel, we'll see stable growth! I'd like to hear your thoughts on BTC ! Is it oversold or will we continue to see the upward trend? Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
B
by dsgorthy
BTC/USD - THE GOLDEN BULL (ELLIOT W, RSI, MACD, TREND & MORE)In this chart we're looking at a few different things but with a positive sentiment overall. It's been a hell of a ride in the last 24 hours and we need all of the information we can get. So let's get right to it. After dipping to about $7500 early this morning, the bulls finally came out to play and we got the trend reversal we were so eager to see. (A) Support is now at $8500.00 (Green Line) (B) Resistance is being observed between $9000.00-$9200.00 (Red Lines) (C) Next target should be $10125.00 (where we've seen heavy resistance in the last 24 hours. (Yellow Dotted Line) (D) The new trend support line can be observed on the chart as (Magenta Line) (E) The MACD is on an upward trend. (F) The RSI is hovering at around 50 but consistently with the MACD, it is also on a slow upward trend. (G) The climb from this morning's bottom-out ($7500) to the current resistance point has retraced to a very optimistic 38.2% FIB level. This should keep the bulls happy. (continue reading on next page...) (H) Once we break out of the (B) resistance levels, we will also be breaking out of the bearish trend/channel resistance (as seen by the dashed gray line that began on January 29th. This should send us easily on our way to our new resistance of $10125.00. (I) Currently we are navigating in the upper portion of the Bollinger Band indicator, which could potentially mean, a small correctory movement, which I personally wouldn’t be too worried about. (J) The final resistance in our current wave impulse cycle will be seen when we reach $11000 (Dotted Blue Line), at which point we will begin the corresponding 3-point correction/retracement. (K) The most crucial moment will come when we reach the area in the GREEN highlighted ellipse. Where many trend lines, supports, and fib levels coincide. Looking forward to it. As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
COINBASE:BTCUSDLong
by ZpaceBuddha
BWXT - Momentum Upward channel breakdown from $59.73 BWXT seems breaking down from a long-term upward channel formation. Twiggs money flow crossed to the negative side. It also had lots of insider selling. We think it has good downside potential. * Trade Criteria * Date First Found- December 26, 2017 Pattern/Why- Upward channel breakdown Entry Target Criteria- Break of $59.73 Exit Target Criteria- Momentum Stop Loss Criteria- $63.24 Indicator Notes- Twiggs money flow crossed down to negative side. Special Note- Lots of insider selling Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:BWXTShort
by AcornWealthCorp
AGLE - Bump & Run formation Long from $5.32/$5.71 to $7.27AGLE seems breaking out of an upward channel formation like the Pharmaceutical sector itself. It has good insider buying. We think it has very good upward potential. * Trade Criteria * Date First Found- December 26, 2017 Pattern/Why- Downward channel breakout, Bump & Run formation Entry Target Criteria- Pullback to $5.32 or break above $5.71 Exit Target Criteria- 1st Target $7.27, 2nd Target $9.67 Stop Loss Criteria- $4.74 Indicator Notes- Crossed above its MA lines Special Note- Very good insider buying Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALong
by AcornWealthCorp
ADUS- Support breakdown short from $31.63 to $25.17ADUS seems breaking down from an upward channel. Moneyflow going sharp down. Overall interesting short setup. * Trade Criteria * Date First Found- November 9, 2017 Pattern/Why- Support breakdown short, capturing the crash Entry Target Criteria- wait for a break below $31.63 (hit November 14, 2017) Exit Target Criteria- $25.17 Stop Loss Criteria- $34.33 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:ADUSShort
by AcornWealthCorp
DATA - Upward channel breakdown short from $69.63DATA broken down from a long term upward channel & seems breaking down strong support area. It has strong insider selling at this price. We think it has very strong downside potential. * Trade Criteria * Date First Found- November 15, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $69.63 Exit Target Criteria- $64.33 Stop Loss Criteria- $73.13 Please check back for Trade updates. (Note: Trade update is little delayed here.)
DShort
by AcornWealthCorp