Nokia's price tanked from 4.3 to 3 euro, after a short consolidation period, it has broken a critical high resistance zone. Nokia has hugely invested in 5G technology, which is an excellent choice considering the espionage tensions with China. Perhaps it can roll out 5G across Europe and the US. Recently they have signed a partnership with Vodafone Australia to...
Due to the rise of the silver price, this stock has broken out with a strong body candle. Will it sustain? We could expect another retest of this level, but many indicators are in our favor. The volume speaks for itself, and the RSI has much room to the upside. Overall the ROI is good considering the previous rally from this level.
Fission is one of the most successful exploration companies in the uranium sector. It has one the most world's shallowest undeveloped ultra-high grade uranium deposit. It has great fundamentals at a cheap price. From a technical perspective, the RSI made a second higher low while the price made another low. This indicates a possible reversal of trend, the...
Investors pulled out after the locking period expired, which led to a price fall of 70% while the fundamentals are good. From a technical perspective, the RSI shows bullish divergence which is a sign of a possible reversal. Aggressive entry: Accumulate the stock between $65 - $83 range. Conservative entry: Until price moves above the yellow 21 moving average and...
TRXBTC looks primed for a continuation of a strong uptrend. The retracement with lower volume looks almost done, now aiming for a good entry.
I consider a small long position( increase position on confirmation) around 3.00, for the reason where approaching a strong support level and fib level 61.8% which completes our 4th retracement wave. If the 3.00 level breaks the bullish case is off the table and the current correction(ABC) is completed to start another 5 legs down... Really excited about this setup.
The price is moving against the upper line of the falling wedge. On a smaller timescale, an ascending triangle is formed which is a bullish sign. A breakout of the falling wedge and the ascending triangle will be bullish. There a two possible buy zones to look for, take profit around the 0.30 range. Stop loss should be below the previous low.
There is a strong chance that the price will bounce off the 0.28. Support region, 0.618 fib level and the ending of a C wave coming down, this wave 2 could be seen as expanded flat correction. I only enter a position based on price action when that level is reached, let's not forget where still in a bear market.
We see a clear Elliot wave structure with a possible completion of wave 5 in conjunction with a major resistance zone. The 4H candle also looks bearish, enough reasons to open a short position.
Based on RSI divergence and increasing volume we might have an Elliot Wave structure. In this play, we try to ride wave 3 to the nearest major resistance.
Where in a smaller uptrend changer of the bigger downtrend move. It will be interesting to watch if the bulls can take the 2.00 level. If they do the C wave is in play. If the bears can defend the 2.00 level then retracement wave 2 is over and price will further decline.
I believe wave 4 is almost done retracing and ready for the final wave 5 up. It could be entry 1 where wave 4 doesn't enter wave 1 according to Elliot Wave. A second entry would be the golden pocket between .618 and .65 fib level. Other positive signs: - RSI 1H and 4H bullish divergence - Sell volume isn't that high and slowly drying up In the end, it all...
We could be in a correction wave of the larger downtrend. The main reason is to short on the daily resistance.
ICX looks very promising to make some good profit. First, we need to wait for the breakout of the pink triangle. The triangle must break with huge volume to call it a good breakout. All we can do for now is waiting for the breakout
Where done with our 5th bigger elliot wave structure and starting the C correction wave. If the price breaks out of the triangle and breaks the previous high where riding the rest of the elliot wave structure which also completes our C correction wave There are two target profit points which can be taken. Don't forget to put a stoploss:) Entry: 11.83 Stoploss:...
We see some potential profits with the Elliot wave principle. If we look at the bigger picture we have already finished a wave 2. That means where now in wave 3 which is many times the longest so there are huge potential profits to make. In a shorter timeframe where finished our wave 3 and waiting to see how much it retrace. The buyzone is between .5 and .65 fib...
This setup has a great risk to reward ratio to complete the Elliot wave structure and reach for the ATH. We've completed our wave 3 and lets wait how much wave 4 retraces to jump in and ride wave 5.
Bull scenario The 4h chart show some signs of trend reversal. We see an impulse wave upwards which goes through our previous resistance trendline. Soon it should be ready for some retracement to form the second wave. The buy zone is around the .5 - .618 Fibonacci retracement levels. This zone confluences with our previous resistance trendline which then act...