My prediction is we are in a tight trend on the 4hr which is clearly in a bearish channel. The shorts are still in control of bitcoin and if looking at outside noise this is likely to continue. For that reason I believe bitcoin will continue in the pattern shown in my drawings and we will expect a further decline. Huge support on the weekly around 28/30k region...
My analysis is shown in the chart - hopefully clear. For me, the stock is a BUY long term but we have seen for a few reasons a sell off, coming up to 50% drop in a few months. What the challenge now is awaiting for the right time to enter into this stock. When will it reverse, what are we looking for to know it is now a BUY. For me, i see the 50, 100 EMA has...
if you can read a chart this looks lovely... Multiple confluence on the weekly chart here
My chart very clearly shows the history of this stock when it is at these levels on the weekly! If it breaks these level of support i think we can see an aggressive short term sell off to lower key levels before a rebound HOWEVER if we see a clear rejection and bounce up on this or next weeks candles it will clearly show buyers are in play and will expect a...
So my opinions are as follows - BUY ratings from multiple Analysts - A clear level of support on the weekly (shown in green) - What looks to be a clear trend line being created and the stock being @ the bottom right now TP 200.
My theory on this stock is as follows - strong buy rated stock with a long term positive outlook - clear channel boundaries that have been respected excluding a large sell off - Evidence it is bouncing off the previous range before the sell off - Last weeks candle and hopefully this weeks candle show a clear indecision in the market (hammer pin bar or something...
Weekly chart, beautiful channel, history of volatility. It seems to be respecting lots of trend lines Clear lines of S & R Easy double up imo
Following on from my chart analysis I think there is more probability of the long term direction to revert back south rather than breaking out of the very long term trend line on the weekly
Using history as a guide, the long term outlook of GBPUSD is at a critical juncture in my opinion. If we break the key area of resistance shown we could see a huge strength in the £ long term however if we continue getting rejection we could see history repeat itself and a long term reversal back to the 1.20's regions... I like the odds of shorting .
RHE this year has been very responsive to when the Daily candles reach oversold conditions, we have seen that an increase from this position is likely to occur in the next few weeks.
Within bottom of trending range, at Daily and Weekly resistance. Had above average earnings. Seems like a good long trade. TP at recent highs. As good as it gets really
This stock has analyst buy ratings. It has never broke the resistance line shown. we are at the lower end of this stock $ with no obvious reason for share price to break below very strong multi year resistance. Buy at the bottom.
My trading Story... It has taken me just over two years to really establish confidence in my trading ability. I've lost sums on forex, been scammed by gurus, got burnt on multiple occasions. i've tried day trading, swing trading & spent thousands on courses. A desire to not be a slave to the wage! many a time I failed, the no.1 reason was patience. I didn't have...
This stock is approaching the 3.00 - 3.15 range which historically seems to be the bottom. It has hit this area 13 times on a weekly candlestick since 2016 and every time we have seen an aggressive bounce. Depending on your strategy, you could see this as a long term hold. I will be in @ 3.10 and out @6. SL break and close below area of support
From my analysis we have just completed an ascending triangle which begun from strong bottom, we have only a few days ago broke out and retested the resistance. I very much enjoy charts that look like this.
A simple and very clean channel to follow, my analysis shows this will continue based on chart reading and also improving company data releases. Be mindful of key resistances in the past however I think we will see this stock to continue to rise from what was a very low level during the pandemic.