balanar_NS

balanar_NS

Do you believe in patterns? ETH seems to be following the footsteps of BTC. The 2 downward parallel lines act as the support and resistance once the lower highs and the lower lows have been connected. If this is right, then it would hit around the $350 dollars area before it goes back up to hit the resistance again. I will seize this opportunity to short sell in...

balanar_NS

This particular stock has been on an upward momentum. It is inside an upward channel. The upper resistance line and the 20 EMA are the acting upward channel for this particular stock. MACD and Force index indicates a bullish momentum. It may be reaching its distribution phase soon once it bounces back to the support line and a bearish candle confirms it. If...

balanar_NS

I have been watching this stock since the price crossed the 50 MA. 2 days after that occurred, an engulfing bullish candle showed itself to try to penetrate above the 50 MA again. It failed. The second blue arrow shows another engulfing bullish candle after a doji candle. It looks this particular stock is on a bullish momentum. MACD confirms bullish momentum at...

balanar_NS

I made the descending triangle on Feb 15. I made an analysis that the price would drop further down. 4 doji candles later, the price barely moved. The volume for Feb 21st showed 33 million trade volume. I think this is where the price will drop further down with a series of bearish candles. It would be very interesting as to where this goes.

balanar_NS

Based on the drawn parallel red lines, this stock's channel is going sideways. I am thinking this is its distribution/accumulation phase(not enough data to determine). However, that would not be the strategy that I would use. After analyzing it, I can say that I can earn a profit of $0.75 to $1.0 per share during this sideways channel. It has tested both the...

balanar_NS

My personal analysis of the BTC price trend. The two parallel red lines appears to be the downward channel that BTC is going into. I was hoping that today(Feb 20) was when a candle will penetrate the top part of the downward channel, giving us a sign that a possible reversal of trend. Instead, we see an evening star right at resistance line. I am expecting a...

balanar_NS Updated 

The 50 MA has been tested twice during this consolidation phase which is in the $3.15 area. The $3.70 area has acted as a resistance twice. I am looking into entering around the $3.20 support area with a bullish candle confirmation, bullish MACD, and near oversold RSI.