Bitcoin: Price RisingThe general price chart is irrationally below the high and low of the one year price chart. For correction it is necessary to increase the price.
please comment your idea about it.
Boundary
EURNZD Unable to Hold Lower Range Boundary
I was long earlier this week in anticipation that the 1.6981 level (lower range boundary) would hold.
The move up was cut short and I'm now changing my directional bias.
Currently looking for price to make another attempt to trade higher, but failing to hold at the higher price level.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
TRX/BTC Ascending Triangle BreakoutIn this chart we're looking at TRXBTC on the 1D chart as price has consolidated into an ascending triangle. Price is right at the horizontal boundary around 233. A breakout will be confirmed once price prints a 1D candle above the 237 price line.
This ascending triangle has a price target of around 330 for about a 41% gain.
Price has also broken through the EMA200 and has taken hold above it. This adds to the probability of price continuing higher.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
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LTC/BTC Breakout Offering High Probability TradeIn this chart we're looking at LTCBTC on the 1D chart as price has consolidated into a rectangle. Price has broken through the horizontal boundary at 7799. A breakout will be confirmed once price prints a 1D candle above the 7916 price line. I love to see price consolidate right below the chart pattern boundary before breakout occurs. This gives a great area to look to place a stop loss; offering a solid risk/reward ratio for this setup.
This rectangle has a price target of around 9425 for about a 21% gain.
I think a small pullback is probable once breakout is confirmed. If this happens, I will be looking for entry around the chart pattern boundary.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
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Netflix Breakout to All-Time HighSorry I've been away for a bit. Had personal things to take care of, but I have a lot in store for the upcoming weeks. Let's get right back into it!
In this chart we're looking at Netflix on the 1W chart as price has consolidated into a beautiful symmetrical triangle. Price is currently breaking through the descending boundary and is attempting to confirm breakout after a clear 1W candle close above the $373 area.
This symmetrical triangle has a price target of around $527 for about a ~45.5% gain.
This chart pattern breakout is occurring above the 200EMA, so the probability for price continuing to the upside is even higher.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
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ADA/BTC Breakout to New Local HighsIn this chart we're looking at ADABTC on the 1D chart as price has consolidated into a rectangle . Price has not broken out through the horizontal boundary at 536 yet, so we're adding this to our watchlist. A breakout will be confirmed once price prints a 1D candle above the 544 price line.
This rectangle has a price target of around 670 for about a 25% gain.
Crypto assets tend to break out violently, so if this occurs, I will simply look for a pullback to the horizontal chart pattern boundary in the following days.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
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AAON Breakout to All-Time HighIn this chart we're looking at AAON on the 1D chart as price has consolidated into a rectangle. Price has broken out through the horizontal boundary at $52.50 and has confirmed the breakout by breaking through the $53.29 area.
This rectangle has a price target of around $61.67 for about a ~17.5% gain.
This chart pattern breakout is occurring above the 200EMA, so the probability for price continuing to the upside is even higher.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
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SWN Breakdown to New Local LowsIn this chart we're looking at SWN on the 1D chart as price has consolidated into a rectangle. Price has broken down through the horizontal boundary around $1.78 and has confirmed the breakdown after printing a 1D candle through the $1.73 area.
This rectangle has a price target of around $1.11 for about a ~37% gain.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
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PKI Breakout to All-Time HighIn this chart we're looking at PKI on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $98. After price prints a 1W candle through $101.28 breakout will be confirmed.
This ascending triangle has a price target of around $125 for about a ~27% gain.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
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NVO Breakout to All-Time HighIn this chart we're looking at NVO on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $58. After price prints a 1W candle (1 day left) through $59.77 breakout will be confirmed.
This ascending triangle has a price target of around $85 for about a ~46% gain.
Price has good momentum as it has found support on the 200EMA and is breaking out of its chart pattern boundary well above the 200EMA.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
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$BDX Breakout to All Time HighIn this chart we're looking at Becton Dickinson & Co on the 1W chart as price has consolidated into an ascending triangle . Price has recently broken through the horizontal resistance around $263 with a strong weekly candle. Breakout was confirmed after price broke through $271. I just came across this company's stock this weekend, so I missed the initial breakout. Even though the initial breakout was missed, we had a small pullback and then another strong weekly candle to show this instrument has strength. There is still plenty of upside to be taken advantage of.
This ascending triangle has a price target of around $319 and we have already seen a small pullback before what seems to be continuation to the upside.
Nonetheless, if we see another larger pullback, I expect price to find support on the horizontal chart pattern boundary around $263.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
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$CRM Breakout to All-Time HighToday we're looking at Salesforce.com on the 1W chart as price has consolidated into an ascending triangle. Over the past week price has broken through the horizontal resistance around $166 with a very strong weekly candle.
This ascending triangle has a price target of around $214.25 but we may see a small pullback before continuation.
If we see a pullback I expect price to find support on the horizontal chart pattern boundary around $166.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
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$MDU Consolidation Before BreakoutTo wrap up the year I'm going to leave you all with one more idea I have my eyes on. In this situation, we're looking at $MDU.
MDU Resources Group is a stock that we have seen consolidate into two different patterns over the course of the last nine years. Both respective patterns have yielded excellent results as both have reached their respective targets. Now it is almost time for our third pattern to breakout.
This time we are seeing price consolidate into a three and a half year long rectangle.
I'm looking for a clear break (1W candle close) above the price of $30 (dotted purple line.) After we get a clear breakout above that level, I'm looking to enter a long position targeting the price of $36.20 for a gain of ~22%.
To further support the idea of a bullish breakout, we can see the 200 EMA resting below the breakout level, which adds to my conviction that we will see a breakout to the upside.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way. I wish everyone a happy and healthy new year!
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$INTC Bullish Consolidation Before Possible BreakoutAs this week of trading is nearing an end, I wanted to share another potential trading setup I've had my eyes on. In this setup we're looking at Intel Corp.
Back in late 2014/early 2015 this instrument began consolidating into an ascending triangle (bullish continuation pattern) and sure enough, price broke through the top side of the triangle and continued heading up to the point we're at now. Following the breakout of the previously mentioned ascending triangle, we can see price is now consolidating into a rectangle.
The 200 EMA has been resting comfortably below both setups as added support - giving me more conviction that we're about to see another break upwards.
I'm looking for a clear break and close above the $59.50 (dotted purple line) area.
Price is attempting to break that boundary with this week's 1W candle close.
If we get a clear close above this chart pattern boundary, I'm targeting price to reach previous all-time highs around $72.50
I hope everyone is having a great holiday season.
If you found this idea informative or helpful in any way, please leave a like or comment to let me know!
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Are you stuck?Since the beginning of today's trading session, the pair is slowly rising. We still believe that the pair will fall below the 1.15 mark. However, at the moment, the price has turned around. The price began to rise not reaching the lower border of the corridor.
On Thursday, amid fears of investors about the trade war and Friday's completion of the week, investors tried to record profits. Therefore, our pair stayed in the existing corridor 1.17-1.15 and this means that the 4th wave continued its operation. An alternative option would be a breaking of the upper boundary of the corridor and the price movement to the level of 1.1850.
At the moment, we recommend waiting for the exit from the corridor and only then take positions.
We leave the corridorOur pair has been trading for a long time in the corridor. For two weeks it had found levels of support and resistance on the levels of 1.2755 and 1.2890
However, yesterday the dollar went on the offensive and overcame the upper boundary of the channel.
At the moment, we assume that the pair will continue the upward movement to the next resistance level drawn on the chart. Therefore, we advise you to occupy long positions and consider the resistance levels as your goals.
The pair moved away from the highsOur pair is heading down, after updating 2-year highs. At the moment it looks like the pair is drawing a "head and shoulders" figure on the chart.
Price has broken the mid-term trend line from above and rushed to the next support level at 1.3990. In case of fixing the price under this level of support, it will turn into a resistance level. And then we are considering a reversal and the formation of a downtrend. Otherwise, if the price does not overcome this level, then we expect the formation of an equidistant "channel" with the upper boundary of the previous line of the uptrend.
