Palladium seems to have made a nice ascending channel with a few bounces from both sides of the lines. My preferred set up is that support holds (as expected) and makes a move to the upside, with a little bit of choppiness in the mid point which would probably act as a TP signal if it gets too rough. That set up is roughly marked by the blue arrow. Invalidation is...
How do we reckon this would play out boys and gals? as much as I want to see DXY doom the breakout of the trendline and the bullish divergence in RSI seems like this is the more high probability trade? TP at first big trouble area
Also need reputation points so I can receive abuse in the cryptocurrency chat so any likes/rep would be gratefully received :)
KNC looks primed for a breakout imo. The previous period of consolidation was followed by a swing to the upside which was turned down by the $2 sell wall. We had a few days battling with $2 sell wall but sellers weren't able to bat KNC far away - currently ranging in consolidation box two. The more a resistance gets tested the weaker it gets. It's only a matter...
Interested to hear other's thoughts. I'd actually done this at the start of the move through the upper trendline (where blue line starts) but didn't think to publish. We can see KNCUSD grappling with the upper trendline of the bullish flag after a long period of selling, bias is now bullish imo but I would be hesitant to enter here as there is still a big...
Hi everyone, first post and very new to trading so take what I say with a pinch of salt. I think there is a potential descending triangle on the 1hr timeframe for KNCUSD marked by green triangle, indicating a possible drop to one of the supports below before demand kicks in at one of the lower levels of support ( lowest ~$1). I've got a feeling that after this...
