Nice breakout over the double bottom formation. Holding over the previous resistance (now support). Might see a little pullback in the start of the next trading day. As we can see there is forming a nice consolidation and can see a hope to break even the next resistance. After that we can notice that there is no obstacles to an ATH (All Time High) to the blue...
Nice descending wedge forming on 1D chart of BA. The confirmation might be over the low smas (9,20) and obviously a break out over the wedge resistance line. I am bullish for the next week and see big potential for this sector. Nice support on the 100sma. Just an amazing play it would be 😋😍
If the formation breaks down the support trend line and goes under the sma200 it will become very bearish
It almost touched the SMA50, which indicates us that it has the role as a support. A lot of wicks in this area. Personally, I see it hit a bit lower than the previous resistance(the double top). The path tool illustrates the way it will react.
We can see a double bottom with a lot of buyers at this area. Also, that big wick of todays candle means the real strenght of the buyers. So, the formation is really nice and the thing that can push the price down is if the market pulls back tomorrow.
I have posted text, in which are my thoughts of the price zones of that ETF for Silver. Silver makes more profit, so that is the reason why i don't follow that much Gold. Waiting for the inflation to hit and thankful to these zones i will know what to do.
We can see a nice resistance there, but the higher lows are in place, so soon we can see a nice breakout and way to the sma100. Would love to see it breaking
I see a nice triangle formation here with a strong support on the sma100. It will be on my watchlist as i expect a break, hopefully for a nice uptrend.
The setup is amazing. It stays under that downtrend line and possibly it will go down to 42$ level and start making higher highs and higher lows which means it is in an uptrend. So, i will be watching it very carefully at the support and at the break. Also, you can use the SMA20 as a resistance for now and might be used as a support soon. 😁🤞 -If you have any...
i see this as a really good play if it breaks that sma20
Would see really nice boost only if it breaks the downtrend
Hopefully, the price of bitcoin will rise as breaking new ATH, so it would be really supportive for RIOT to confirm that breakout and go to the space!