QuantumMaster

QuantumMaster Updated 

DHT bouncing off of trendline for the third time. The 5 min chart is showing a descending triangle, which is technically a bearish signal, so I am going to wait for a bit to make sure that the price holds above the trend line. I hope to get in below $6.40. I'm willing to risk about 4.5% on this, which gives me a risk to reward of about 6.5 if all goes well.

QuantumMaster Updated 

BAC forming a triangle. I've been waiting for a good entry for about a week. $22.66 has also been an important line of support in the past. The reward is not super high, but neither is the risk. I'm going to enter now with a stop-loss at $22.45, which is about 2%. I'm hoping to sell some at $25.3 and then either wait for a breakout or buy into the...

QuantumMaster Updated 

AEO is rebounding off of a double-bottom. Volume today and yesterday was very high, signifying that there's lots of activity at this price. Risk is ~7%, which is pretty high, but the risk-reward ratio is ~5.5, which is not bad. MACD is showing a sell signal, but RSI and the price movement is showing that it is (hopefully) a good time to buy. Other analysts are...

QuantumMaster Updated 

KEY has reached the support trendline of the channel for the fourth time. I expect it to rebound and go upward. The risk to reward is about 3.5, which is not super good, but I feel confident about this trade. If it does follow the channel well, my stop-loss will move higher and higher and risk will decrease. Otherwise, my stop-loss is at $9.90. It's intentionally...

QuantumMaster Updated 

Although the descending triangle is technically a bearish pattern, the price movement seen here can also be considered a double-bottom. In that case, the price should rise upward and possibly create a channel. RSI and MACD are not giving any clear signals. Recent analysts' recommendations all say that GE is a buy at this point. Overall, I would say that this...

QuantumMaster Updated 

NTNX has formed a triangle for about a month or so and it has just recently begun breaking out of it. MACD and RSI look promising even though they aren't giving any signals. Volume looks pretty good. Other analysts (according to MarketWatch) are also agreeing that this stock is a buy. My prediction is that it will rise to hit 50 EMA, retrace a little, and...

QuantumMaster Updated 

ETC bounced off of a previous low of about $3.40 and is forming a triangle pattern. MACD and RSI show that it might break out. The 4-hour chart shows that RSI is around the middle and MACD is also converging. Currently, I am looking for a sudden increase in volume and will hopefully take a long position if it breaks out.

QuantumMaster Updated 

Spotify has been in a channel for what looks like over a year. There are two lines of support and it has recently bounced off both of them. I expect it to rise slowly up past EMA-50 and hopefully reach the top of the channel. RSI is not too high, and MACD is giving a buy signal. Despite recent COVID-19 concerns, Spotify should be financially ok since they are on...

QuantumMaster Updated 

PLUG closed above 50 EMA with a lot of volume. There's another support at $2.89 at a trendline and previous resistance level. RSI is near the middle. I'm planning on buying on Monday.

QuantumMaster

$55 mark worked as resistance during the fast years, it might switch over to support if the price crosses below $57. After that, it will most likely cross above that $57 mark. The green curve matches pretty well with the price movement and might play a role in trying to keep the price above $57. I believe this is unlikely because, at this point, the curve is...

QuantumMaster

Not only has the price reached the support line as shown by the channel, it has also reached the support line of the Bollinger Bands. To me, this looks like a good long position. I'm planning to enter at $835 wit ha stop loss at $832. I will take liquidate 50% of my holdings at the middle of the bands, which is about $858 currently. Then I will liquidate the rest...

QuantumMaster

You can very clearly see the trend line in the graph. MACD is also showing upward movement. Right now, I'm planning to buy at $11310 and set a stop-loss right below the line, likely 11280. My target is $11600 which should be hit in a few hours.

QuantumMaster

The price is following a clear falling wedge and has recently bounced back from the bottom support of the channel. For the past few days, it has been bouncing off of the SMA line which is even more clear when you replay the chart. Price will likely rise to hit the SMA, retrace a little bit, then continue to rise to the top of the channel. When this happens, RSI...

QuantumMaster

Ripple has been following the SMA 26 line for a while and should be expected to continue following it. You can tell that this is a strong support/resistance line because of the strong breakouts and breakdowns and how the price either stays above or below this line for noticeable periods of time. This pattern is also visible on the 1 and 2 hour chart.

QuantumMaster

Bitcoin is in a consolidation phase and will likely breakout soon. There is a ton of excitement about all the cryptocurrencies rising in price.

QuantumMaster

Look! A rising wedge!!! Price is expected to break downward. A support line might catch it and try to push it back up, but it should continue downward. RSI also showing rising wedge. MACD is showing consolidation.

QuantumMaster

Here is a bitcoin example. Price has entered a falling channel which normally breaks out upward. Also, both MACD and RSI are showing divergence. Both of these added together call for a future jump up in price. As of now, price should fall to the lower supports of the channel, or that orange line in the middle.

QuantumMaster

ETH is currently inside a large channel and just broke down out of a small rising channel. Price bounced off $699 in a dark cloud cover bearish reversal pattern. The price will either fall to $620 or drop all the way to $560. After that, price should bounce back up for large profits. Taking a long position at that price level will be low risk, which is always good.