BCRX Ascending TriangleBCRX is trading inside a perfect ascending triangle pattern.
- BioCryst annnounced this week that the company will host a virtual R&D day on Monday, March 22, 2021 from 9:00 am to 11:00 am ET.
- As with many catalyst and events, this could be a "sell the news" and we could see the price sell off on Monday, as the stock already saw a cool 5% gain on Friday in anticipation for the meeting.
-On the 30min timeframe, it has broken through a small bearish channel, and will likely retest main support.
-will be looking for a long entry if it dips down to bottom support
What do you guys think will happen this week?
Bearishchanel
Clover Health Will Show A Technical Growth In Channel To $9.92After a false breakout due to a correction in the broader market, $CLOV has re-entered the falling channel it has broken out of and closed within it.
From this area, I expect growth towards the resistance zone around $9.92 to $10.00.
However, do note that this zone of resistance that we are heading for is a very strong area of resistance.
In this area, we see an intersection of:
1. Dynamic resistance created by the upper parallel line of the falling channel
2. Fibonacci resistance and Horizontal resistance
3. Former $10 SPAC price floor which acts as a very strong psychological resistance
Regardless, I expect a move towards it first. Would have to see how the market reacts to this level first before deciding on our next course of action.
This is not an investment or trading advice so please do your own due diligence!
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BTCUSD- H1/M15 - BOTH TIME FRAMES IN A DOWNTREND CHANNEL...H1 : Currently within the clouds in a downtrend channel.
Watch carefully clouds area, either top and bottom of the clouds.
Indeed, a breakout of one of those levels would give the tone for the
next move.
M15 : Roughly the same picture than in H1; nevertheless, a bullish divergence
took place (potential bullish engulfing in progress), which is likely to trigger some technical rebound.
Watch development in checking first, top of the clouds and then top of the
downtrend channel which will be the first levels to be broken for confirmation
of a very short term trend reversal
bearish ascending channelUNI's channel turned out to be a bearish one, usually such kind of channels behave like it's showed in the chart. There is a clear bearish divergence on RSI and MACD. Yesterday before I noticed those divergences I thought this could be a bullish pattern but I've updated my idea as soon as I noticed.
Chainlink make support above of the EMA 200 in Daily chartOk, in this update, we see that in H2 timeframe Chainlink starting up becuase on Daily chart Chainlink still support for 4 days consecutive above of the EMA 200. That it's a good point to bought Chainlink!!!
So, that mean that Chainlink it's ready to explode soon!!!
So, I put a buy order limit at $11.30 USD with a SL at $9.88 USD and my own target profit will be $20 USD.
So, as we are into this bearish channel, that show that Chainlink it's prepare to make a massive bull movement soon!!!
So, I reccomend to put buy order limit or invest in Chainlink because we go like a skyrocket
And don't missing this opportunity!!!