Gold breaks the upper side of a 5 month long triangle formation, as well as the parallel channel. Its broken cleanly on the daily, and now an anticipated continuation before a possible retest. Zoomed in, looking at our other idea below, we can see the first targets will be 2740 and 2752. Ultimately, Gold could well be heading towards 3000-3100 after...
Gold has broken a long term channel and a long term triangle (view other idea below) Zoomed in here, we can see the formation of a triangle, and a rectangle, both giving indications that we will see an upside break of the long term channel. Broken and retested the channel as well as the newly formed rectangle. Entry upon retest, stop below most recent low inside...
XRP has been consolidating above a long term channel for some weeks now, however the value remains over valued and we still anticipate XRP's return into the channel price range. As of right now, XRP is at the upper limit of the consolidation range, which provides us with a short entry where we can place a minimal loss stop. As you can see, we have numerous...
SPX has an anticipated market top of 6650 (view our long term analysis below) We can see that the ascending channel which the SPX is trading in has been respected since October 2022 (below idea) Now that the equilibrium level has been broken, we would expect to see a test of the lower channel support trend line, which lines up nicely with previous structure, as...
Simple chart. Gold trades within a descending parallel channel. Its testing the upper trend which also falls inline with the most recent high/low Fibonacci retracement 0.618 / 0.74 levels, key reversal levels. Target is the channels median line, which lines up with the -0.272 Fibonacci extension at around 16th-25th Jan at 2560 (116 PIP gain) Stop loss placed...
Gold is sitting on a local resistance level, this is a danger level to buy from, it would ideally be a good sell, with a stop loss now set right outside this channels upper resistance line for a very nice risk to reward ratio (This is the trade we currently have set) If Gold breaks above this resistance, we will see Gold head towards £3,000 by April 2025 as...
Taking a look at the daily XRP chart we can see that XRP remains above the long term upper channel resistance where it remains heavily in the over bought territory on the monthly time frame. Take a look at our Monthly XRP chart idea below for more on this. Back to the daily XRP chart, we can see that XRP has been forming lower highs and lower lows, a classic sign...
This type of pattern we can see which flows from the highlighted number 1 to number 6 and beyond occurs across all timeframes. It shows us that the bulls are in control, but the bears are beginning to find strength, however the bulls are fighting back to push things higher once more. This essentially tells us that the bears are beginning to gain strength and it...
Taking a step back on Gold, we can see how it clearly has been trading within an ascending triangle for many years, often finding resistance and support where we would expect to see it such as on the upper and lower trend lines, as well as the channels equilibrium line in the centre. Currently Gold remains in the lower half of this trend, and it has room to the...
As mentioned in my previous XRP post, with a call to drop from 2.54 down to 2 which has just been fulfilled. what could be next for XRP? As you can see from the chart above, XRP has broken the long term ascending channel, which it has traded within since its inception. Upon break of a resistance so significant as this, we would presume that a test of this...
Gold is approaching our previously posted long trade target of 2674, which is both 61.8 retracement of the previous move as shown above. It is also the Weekly SMA target, and is bang on the higher timeframe descending channel in which Gold has been trading since it formed an all time high price of 2792 in October 2024. This provides us with multiple confluences...
With a new week Gold has finally started to make headway to our target. 340 PIP'S thus far Updating this idea from the previous on my publication page, we have changed the 2678 target to 2674 as a new trading week brings new dynamic levels. Stops moves to break even. We will look for a short on Gold at 2674 down to 2510 for the remainder of December. Happy...
Gold has been choppy all week, with multiple false breaks of channels. Should Gold push back into the larger ascending channel, we should see 2678 hit. Entering now with a stop below 2619 is ideal. 2610 to be safe.
XRP has recently exploded to form a new all time high, however, XRP has a history of pumping and dumping. We can see that the Channel in which XRP has traded within since its inception has recently been broken. We could therefore see a fall to test this level as support before returning higher. However, if we take a look at the RSI over XRP's history, we can see...
As we can see from the chart above, ZRX has been trading within the channel range from its inception. Its currently testing the channels equilibrium level, upon break we expect to see ZRX move upwards to test the upper channel resistance level. This provides us with another 500% gains ZRX (0x Protocol): Overview and Developments About the 0x Protocol (ZRX): ...
ALGO breaks the channels equilibrium level, which set's itself up to test the upper resistance level for an additional 400% return. Should ALGO break above this, we could see upwards to 1000% return this cycle. Algorand (ALGO) is a prominent blockchain platform designed to provide high performance, scalability, and robust security through its unique Pure...
Looking at the chart above, we can see on the right how Nvidia has been trading within a channel since its existence, until recently it seen a break above and a clear re-test and continuation from this level, setting new boundaries for their stock price as a result of AI developments. We can also see on the left SMCI, who's chart looks very similar, having just...
VTV Therapeutics (VKTX) is a clinical-stage biopharmaceutical company focused on discovering and developing small molecule therapies to treat metabolic diseases. The company primarily targets areas such as non-alcoholic steatohepatitis (NASH), type 2 diabetes, and other metabolic disorders. Here's an in-depth look at the company, its position in the industry,...