Potential 50%+ move on HNT once this bullish pattern breaks out.
Previous resistance zone 0.4-0.5 may have turned into support. RSI levels on weekly are still elevated. If we break above 70 cents then $1 is likely.
Keep an eye out on ADAUSDT this weekend, interesting price action on the 4H timeframe.
Volatility is slowing down for the lil Doge as the consolidation continues between 0.07 to 0.08. Consolidation around these zones is also a good sign as price is stabilizing. Once again another bullish pennant has been formed and I think if this breaks out we can very much see a possible rally to the 10-15 cents zone. 1H and 4H RSI are on good levels, so there's...
During early Asia session today we've seen Doge retrace and it hit my buy zone by a close one, now it seems like the liquidity is drying up and now looking Doge to possibly hit new ATHs to find more sellers. Next retrace might be around 10 cents since it's a psychological resistance level. Price action on the 1H and 4H timeframe is looking really good for the...
To those buying, please wait for DOGE to retrace. Expect some short term resistance around 0.074, correction is inevitable as short term futures traders will profit take. I have 2 scenarios in mind, first one being a short term resistance at 0.074 > correction then rally continuation. Second scenario being a parabolic move to 0.085 then a correction down at least...
Broken out the near term bullish pennant! Wait for the pullback and look for a position to buy the dip. 1H and 4H RSI potentially signaling a short term top, careful to the buyers at this level.
Price action on the 4H timeframe is promising, we could see some bullish momentum this weekend as price is steady above 4 cents and as mentioned in the title, the previous resistance has turned to support. 4H RSI levels have corrected to reasonable levels so a rally is very possible here if we breakout of this bull pennant pattern.
Today has been a good day with Doge, as soon as Elon Musk tweeted the word "Doge", we have seen price increase by almost 50% before pulling back by 24% now. Dogecoin buyers beware! If this 4H candle struggles to close above the trendline this move might be a pump and dump and if it is, I will look to close my futures long position, have a short term short and...
Supply zone hit, current H4 candle must close above 0.45 for this to be bullish and continue the squeeze up, momentum looks weak as of now. 4H RSI on extreme levels, indicating a possible correction ahead, looking for long term buys at 0.28. Next supply zone is 0.6. My analysis is based on purely technical analysis using SnD + RSI . No fundamental analysis .
Bullish pennant has possibly failed. I've seen this pattern commonly in the FX market during my newbie days, sometimes instead of continuing upwards the pennant breaks down and perform a "stop hunt". Then if the bulls are strong enough price will shoot back up and rally. Right now DOGE is trying to trade back up the 200 DMA. I currently have a futures long...
Classic bullish pennant break + retest ongoing here. This breakout doesn't make a HH expect a movement at said level (0.086) with a possible HL formation. If things don't go as planned it would be best to tether and wait as this has probable chances of dipping as low as 0.01 (small blue rectangle area). RSI on daily timeframe is still on extreme levels...
Possible bullish gartley confirming a buy signal! Buy at your own risk, I am not a professional financial advisor!
Be wary of these psychological resistance levels. Keep holding!
I am expecting a retracement on Gold once we hit 1912 as it seems like from the current price action as of posting this Gold might go higher. Again there are multiple factors to why I think Gold is going higher but I will only discuss the main factor as of now below. Seasonality This is the biggest factor for Gold to move higher, over the past 5 years, Gold...
Update on my post that I posted last Friday before the market closed. Gold has hit my buy zone, my ideal buy zone was 1760 but lowest Gold went to was 1765. Either way I currently have 3 positions running with open TP right now. (Look at the related ideas for the levels of my open positions). As I wrote on the chart, if we get a possible morning star pattern on...
SnD Trading. I entered a position at 0.91251 with a 50 pip SL and open TP. My potential TP areas: 0.86305, 0.82500, 0.80000
Take note on Gold's seasonality. Generally December-February are the strongest months of the Gold bulls so I am expecting the next few weeks for a rally to begin. Looking at 1760 for an entry as stated by my system and leaving TP open as I plan to let this trade run for a long time.