Trade setup : Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with near-term upside potential to $0.10. We would enter on breakout retest near $0.08. Stop Loss at $0.07. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup....
Trade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern...
Trade setup : Price is in a downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a...
Trade setup : Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with near-term upside potential to $0.10. We would enter on breakout retest near $0.08. Stop Loss at $0.07. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup....
Trade setup : Price remains in a downtrend. It broke below $0.06 support, which held in early July, and made another Lower Low of $0.045 support. It's now trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Previously, price got a boost from news that BlackRock will leverage Hedera...
Trade setup : Price is in an uptrend as price has broken back above 200-day moving average. Price also made a Higher Low (above the low from early July of $0.38), which is positive. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.67 resistance to signal continuation of uptrend, with +15% upside potential to...
Trade setup : Price broke below its 200-day moving average, which signaled onset of downtrend. However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is...
Trade setup : Price is in a Downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a...
Trade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87. Patterns : Falling Wedge Usually results in a bullish...
Trade setup : Price is in a Downtrend. It had a failed breakout from Falling Wedge pattern but price did make a Higher High (above prior swing high), which is also a positive sign (see chart). Now we'll wait for price to pull back and watch if it makes a Higher Low (above prior downswing low of $0.27). Series of Higher Highs and Higher Lows are indicative of an...
Trade setup : Price remains in a downtrend, trading well below 200-day moving average. It had a bearish breakout from Falling Wedge pattern and dipped as low as $0.32, making a new 52-week low. It bounced from very oversold levels (RSI < 25!) near that $0.32 support and is approaching $0.42 resistance now, where it's likely to get rejected and revisit $0.32. It's...
Trade setup : Price remains in a downtrend. It had a failed breakout from Falling Wedge pattern and pulled back to $0.40 support that held in early July. If it breaks below that, it could resume its downtrend and revisit $0.30 next. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least...
Trade setup : Price broke above $2.00 resistance and through the down trendline (see blue line in chart) and made a Higher High - meaning, price broke above prior swing high of $2.37. Higher Lows and Higher Highs are signs of Uptrend. We would be buyers on pullback to $1.50 support, which held up a few times in recent months. Price could revisit $3.50 next for...
Trade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~$9.00), which is a sign of downtrend. Trend Traders : wait for price to regain that critical level to signal resumption of uptrend. Swing Traders : price is approaching $6.75 support, which has held up several times and could be a swing trade entry...
Trade setup : Price got oversold (RSI ~ 30) near $56.5K support and bounced back up. It broke back above 200-day MA (~$58.7K) and above $60K key level, which signaled resumption of uptrend, and is now approaching our near-term target of $72K. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $72K to signal...
Trade setup : Price is in a downtrend, however, it's broken back above $70 resistance, which could be a sign of trend reversal. We wait for price to break above stiff resistance at 200-day moving average of $79 to confirm resumption of uptrend. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at...
Trade setup : Price remains in a downtrend, however, price had a bullish breakout from Channel Down pattern and above $50 resistance, which would signal bullish trend reversal with +20% upside potential to $60 next. Stop Loss at $46. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. ...
Trade setup : Price broke back above the 200-day moving average (~$5.46), which signals resumption of Uptrend. It's also broken above $6.00 resistance, making a higher high, a sign of uptrend. Price could revisit $7.70 next. We would be buyers on pullbacks to support zone between 200-day moving average of $5.50 and $6.00. Stop Loss at $5.10. Price could revisit...