Vipwealthcreation
$PNR - basing and breakoutNYSE:PNR - Price is within the consolidation base but 6-7week consolidation breakout within the broader consolidation.
Further bullish confirmation:
Price above Key moving averages on daily, weekly and monthly charts
MACD positive on D,W,M timeframe.
MACD just turned up positive on weekly and monthly chart - possible new longterm bullish momentum.
Positive earning, sales numbers & estimates.
Bullish earning reaction by the market and analysts upgrades.
$VITL - Simple CT50 trading strategy Trading Strategy based on CT50:
Chart Pattern - Tline (8EMA - white line) & 50EMA (Red line)
First entry point: Base breakout on high volume and Gap up
Second & Third: While holding the gap up low, mini consolidation breakout offered add on points (yellow arrows)
Now there’s a tight consolidation going on. Watch out for breakout or breakdown.
$AMR breaking out$AMR has just broke out of the ascending triangle pattern on high volume today. The trading hasn't finished today, so the end of the day will be telling if it closes strongly or not.
As it stands, if it retests the breakout level (& holds support) that will be a great entry point, with low of the day as stop loss for my strategy.
Entry level: $140
Stop loss: $131 (6.43%)
Happy Learning and Successful Investing.
$ETHUSDT - 50% upside in the next couple of months!I am encouraged with the price action and the structure developing in Ethereum.
Fib Retracement analysis also suggests to me that the next price target zone could be around $5300. This is about 50% above current price.
This level correspondence to the extension of previous two highs and is likely to act as the next interim peak.
$BTCUSD bullish set up on weekly chartBitcoin is showing some momentum accumulation with its weekly MACD (about to) turning positive.
It broke above the short term resistance (white horizontal line on the chart)
Based on the short term breakout structure, I believe the immediate target is likely to be $55000.
Fib retracement analysis suggest that if the momentum builds further, it could break out to $73000 level while making a new high along the way.