Well, the wedgie from hell is on it's way there. Probably find support around 290.
As the market is in the high value area and high probability area so most like to break below and you can take sell entry and keep you stop loss to the lowest swing.
There are lot of possibilities that mark can consolidate a bit but current position of the market is at the weekly double top area - if week find some break out pattern in 1 hr time frame we can go for selling opportunities
Vetchain has remained very bullish since the last rally. It is bouncing off resistance at 0.265 and the ascending triangle support which is typically a bullish pattern determined by breaking of the top horizontal resistance line which could trigger a rally once again. Pros: - The structure remains very strong despite bitcoin correction, validates an ascending...
Little early to call this but I expect consolidation until the 11th before an explosive move up to 43K.
NIO – The NIO Day scheduled on January 9th, Definitely have a bias to the upside for the hype. However, the price actions are now back into the $45 - $50 channel again. $50.50 is the crucial level, and if it breaks above I can see it’ll retest $52.7. Over $50 for a call (scale-up over $50.50).
THE PRICE IS GOING ON WITHIN ASSENDING CHANNEL AND WE ARE WAITING FOR THAT THIRD THOUCH CONFIRMATION TO ENTER THE TRADE AT THE END OD THE DOUPLE BOTTOM, LET SEE HOW IT PLAYS OUT. ITS NOT ADVICE ITS JUST MY IDEA AND HOW I SEE THE MARKET,
Looking at trend lines it looks to me like an assending triangle with support at .04c with highs of .049. Lower volumes on the pull backs and higher on the highs. Looks to me like a break out to retest .049 highs? Any feedback would be great as this is my first time! Thank you in advance,
PRICE GOING THROUGH AS ASSENDING CHANEL FORMS UP, WE ARE WAITING FOR THE THIRD THOUCH CONFIRMATION AND BULLISH CANDLE REJECTION.
Graph is cluttered, however the chaos can be easily explained. First, let’s start with the symmetrical triangle inside of the ascending triangle. After the drop in March price started to consolidate on a previously well know resistance area and converted into the symmetrical triangle leading to a break out of the bearish trend line. However the previous year set a...
Technical analysis shows stock can climb up until Dec 2020
Hello everyone Here's the latest EURUSD analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation. good luck