The stock price has been consolidating for a while and it is approaching the breakout momentum. From my point of view the triangle isn't yet broken. I've only readjusted the possible price trajectory from the last touch at the bottom of the triangle. They recently had their best quarter ever, and nothing but good news comes from the company. From the AWS...
There is not much to say, triangles are dangerous 🚨, this is a high-risk trade but AMZN is a great company that still has a lot to give. I'm going bullish betting the symmetrical triangle will break to the upside in a continuation of the uptrend. I think it's time to START BUILDING my position. My first take profit is at $ 3,760 (127% Fibonacci), relatively...
☝️ Losing patent protection for a top-selling blockbuster drug is a big setback for any pharmaceutical company, but this can also give us great opportunities. They have done a great strategic-movement by acquiring Allergan. It's down 18% from last July 17 high, earnings are close. I believe, yes, it's a good moment to START doing COST-AVERAGE. The price is...
Maybe, but I will keep myself away for the next hours. As long as BTC and BTC.D continue to rise, it won't be a good time for going Long with altcoins. We will see a double bottom at $2.00? Time will say! This isn't trading advice. I've no idea what I'm talking about 😉. Trade with caution! 🚨 Have a good day! 🤟
Technically speaking I see this rebound as the start of a possible recovery. The price is already over the VWAP on 2 hours, the MFI is oversold since October 8 on 4 hours, the ADX is slightly moving down from the current bearish micro-trend also on 4 hours, so for me, the bearish momentum seems to be getting weaker. Hopefully, the price will stay above the 233...
I've readjusted de bottom line of the symmetric triangle (white lines) in order to cover the latest price movement. The price has tested many times the support line of the symmetric triangle (white lines), so the breakout should be close to happening. The symmetric triangle usually breakout in the direction of the current tendency (the one before entering the...
The price has tested the support line of the symmetric triangle (white lines). I'm still in, doing cost-average. I've just readjusted the possible ABCD pattern, it's only a guide of possible scenarios, the blue lines at BDC. ☝️ The stock market is influencing Bitcoin and the crypto market. In this historical moment (COVID, Stimulus, USA presidential elections,...
After a Double Bottom, a Shoulder Head and Shoulder, higher lows, and the bearish momentum almost gone. Tezos could be recovering and about to start a new bullish trend. 🧐 I'm projecting an ABCD pattern with the first target at the 127.20% Fibonacci (drawn from 2.3184 to 2.0316) and a second one at the 150% level. Possible rebounds at the two horizontal green...