Alt season is coming. Lots of good setups across the space. Here we have AAVE. Broke out of supply line little while ago and has been consolidating. Working on a bullish engulfing candle on the weekly and showing hidden bullish divergence on the daily. Simple retrace targets are over 400 dollars with little resistance areas on the way up due to the insane...
Hidden Bearish divergence on weekly time frame on gold futures. Indicating a move down from here if it fully matures. Doji weekly candle this week after massive bearish engulfing candle last week. This week need some follow thru to the downside.
Looks take a look at Uber. We have consecutive higher highs on the weekly time frame of a huge broadening wedge pattern. Potential target of 47-59 if it doesn't hit the top of the pattern. Uber is a worldwide name brand w/ first mover advantage. Mac D and Rsi showing seller exhaustion on pattern as well. Also a breakout of the downtrend line that dates back...
Another beautiful setup. American airlines with a double bottom / higher high on an area once regarded as resistance dating back to 2009 area ! Bullish divergence on both oscillators showing seller exhaustion on the weekly time frame . Look at the volume, much like CCL, the most volume in history of the stock !! Potential retrace up to 48-53 dollars !!
What a beautiful chart. Look at the volume down here at the lows. The most volume in history !! We have a double bottom with bullish divergence on both oscillators. Potential run to 47-65 dollars from current levels ? Lot of pent up demand to travel coming out of covid and Biden administration ending Covid Public Health Emergency in May of this year. Life...
Lot of alts looking ripe for upcoming alt season. SHIB has a double bottom on the weekly with RSI and MACD in positive areas. Lots of room to run if we can get to .618 Retrace and beyond.
3rd lower high ? right shoulder of H&S ? 50 MA moving further down closer to death cross ? Just so weak even after that good rally the other day. Working on a bearish engulfing candle today as well unless it catches some bids by 7pm today.
Backtesting prior resistance right now. Still lot of upside and huge volume coming into this asset.
It's just not dropping to test that lower resistance. Bullish ? Bearish engulfing candle yesterday and it's just shaking it off right now. So stop loss under support and let's go then !
Ooohh...this looks good too ! A lot like Jagx right now. Double bottom in an uptrend. Backtesting neckline now. Measured move potential of 40% ish. Easy risk management with stop under the resistance / now support area. Needs to come down a tad more today then let's go !!
If BTC can clear that resistance then target areas listed above. But has to clear that area first
Need a candle close about this resistance line, then I can truly start to believe !
Prior Gap fill spot acting as resistance. if we clear this spot it's almost straight up !
Broke out of the consolidation area with some good price action. Still little under hour till candle close but nice first day for a trade. Gap fill above and great upside potential on this trade.
Can we push thru !!! Great price action after that bullish pin bar candle today. Come one we can do it !!
Another view / idea for OIH. Lot of hype lately on this trade. Looking at it this way looks like it's up against 2 diff resistance areas. Pullback is needed for sure just how far it falls is the question. CPI numbers out tomorrow so the a lot of peeps waiting on that number before making any moves as well.
78.6% retrace. Breakout of the channel it was in a little while ago. Double bottom. Closed above all 3 moving averages on daily. What's not to like ?!? Good entry point with hammer yesterday off the avgs. Getting ready to break out of the consolidation it's in. Easy risk management / if candle closes below avg's exit and move on.