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END OF TRIANGLE CLOSE TO CRYPTO SURGE TIME - GC1! - GOLD - DAILYThe lines traced in the previous analysis of the GC1! Gold Future are still legit. The blue line is the main line telling about the probable story of this market. Beware, we have seen the market going up suddenly after having touched it last time. The above red line is the potential roof that could be break anytime and would open a large space for a possible bullish movement. The orange line acts like a heart beating, accelerating as the market price approaches the end of this triangle. The interesting thing to note is that more and more investors are getting information about the cryptocurrency world. Bitcoin's market cap vs Gold market cap... The exit of the world lockdowns and hard situations sustain the sentiments of fear over what is the future about in the traditional economy. Gold GC1! price would be likely to react to that and cryptocurrencies are getting popular. There are no coincidences, the end of the triangle is possibly matching with the surge of some cryptos seeing projects delivering their layer 2 solutions (like ETH) or creating smart contract in their new step of development (like ADA). We see more and more forecasts about the increase of stock investors diversifying their portfolio with some cryptocurrencies in the near future. At the moment, GC1! Gold Future price could do a pullback on the red line or just break it. It probably better to observe and wait for a significative break of the red or the blue line, then follow the trend by dollar cost averaging and not letting position float for long time.
COMEX:GC1!
by Diallo_Charts_Ideas
TALO. bullish div w.l. Last one for today.Earnings May 10th puts it right on the fringe of 2 weeks away territory. I have done a lot of other analysis techniques here, so if you are looking to generate your own novel position ideas, you should probably go through it slowly just to untangle so it makes sense to you. ---- the Fibonacci I am putting on the larger time frame, because those are supposed to have more relevance. The black horizontal lines function as past, and therefore, present price control. I would like to own this stock very much, but momentum has only gone from down to sideways. Once it has gone from sideways to up we will participate. This is because once a stock is sideways it can go either way equally likely (for the most part). So now we just wait and if it continues up we want to find a way to go with it.
NYSE:TALO
by emehoke
HP for bullish divergence w.l.HP looks like a terrific stock to own for me. I would like to get in asap, but earnings on Friday keeps me on the sidelines. The indicators are not strong on the daily chart, but on the 4 hour they are like perfect crystalline formations. I had to zoom down and do my analysis from there. Am I breaking the rules a little? Yes, I am. Speaking of breaking the rules, I may be drawing the Fibonacci wantingly. I could see that the current correction looked like it was at or near 50%, which is a documented level, so I included it to illustrate what I was seeing. The structure it has come down to looks fantastic. It's no wonder price is attracted to the area. Clearly buyers and sellers thought this was a fair price. I think buyers want to see if they can get a little more out of it, and frankly, if they do I think they will be coming out ahead. ----- Price action surrounding earnings, to me, is basically random, so I will wait to see if there are any opportunities to get long after the report.
NYSE:HP
by emehoke
BTCUSDT|Crypto|big descending wedge broke !!Eventually the big descending wedge broke ; I marked the important points in the chart. But we have to give the chart some time to make its pattern and we can make a more logical decision with its help. What is clear now is the breaking of the descending wedge. Here the best strategist is the outflow of capital in the Pullback area. Depending on the price behavior, we can expect the price to drop to $ 44,000 from Bitcoin ; so be carful Good Luck
Short
by Mrn1995
GRT Intended Channel and Next Leg UpI believe we could see GRT trade sideways until the end of the month. I think between the blue lines was GRT's intended movement but when it went parabolic it broke too far out of that channel. Its movement over the last couple of weeks tells me that it could continue like this until one of three possibilities. 1: GRT moves up to $1.86 in the next day or 2 then falling back to its strongest support at $1.68 then breaking out of the flag to test $2.45 on March 27th returning to its intended channel. 2: GRT continues to trade sideways for the rest of the month and explodes to $2.55 on April Fools Day again returning to its intended channel 3: GRT RSI is so cooled off that by the end of the month it just explodes from boredom back out of its intended channel to $3.00-$3.20 which would mean another huge fall and log period of consolidation. Personally I'd prefer healthy price action with less consolidation time and an eventual 200%-300% gain in less time than it would take to get that with a quick 100% gain explosion out of the intended channel again with another very long consolidation time following it.
COINBASE:GRTUSDLong
by MoneroMo
1
EURUSD WAIT for a surprise!Hey, > I think there's a good chance that we're going to see dollar strength this week. > The overall trend is up but the euro is not going to make things easy. > I'll be expecting some attempts from the euro to bounce from 1.20 and we should see it going from there to around 1.215 before lower prices. Which means that the euro will try to trap bulls all the way down. > I want to see around 1.193 working as support and then the calls will be for 1.16 and i don't see it happening. Cheers
Long
by MisterPeanutButter
EUR was weighed on by the stronger buck...EUR was weighed on by the stronger buck, succumbing to further pressure as political risk in Italy has grown after Renzi’s ministers resigned, although the downside was relatively brief and it is unlikely snap-elections will be held. ECB President Lagarde reiterated the ECB carefully monitors FX and FX movements but do not target it, adding the ECB will be extremely attentive to FX impact on prices. Aside from EUR, Lagarde reiterated that if a larger PEPP envelope is required, the ECB will recalibrate, and if the ECB does not need to spend the full envelope, it will not. She was also optimistic on the start of the year. Villeroy also noted they are closely following the negative effects of the EUR rate. EUR/GBP possible third bounce at highlighted key level on trendline. Also aligns with 61.8% FIB.
by FTUKcom
6
NZD CHF MAKE OR BREAK SITUATIONmarket is at very crucial point.very strong trend line resistance rejected and respected many times and the market is also at strong daily supply zone if it hold there than we can see bearish trend continuation and can enter short but if it breaks the trend-line resistance and successfully hold the retest above it than we can enter long with multiple confirmations moving average and rsi SHOWING IT CLEAR DOWNTREND SO chances are to trend continuations always remember PATIENCE IS THE KEY
by Hamaitifx