$PEN bullish #cupandhandle breakout on daily #chartDaily chart of $PEN has a beautiful C&H breakout this week with a close above the cup neckline
Stock price trades above all major daily MAs (20,50, 200)
MACD and RSI both in expansion mode with plenty of room to go until overbought conditions will be reached
Measured target from the pattern is around 264.62
Good luck,
TA
Bullishbreakout
LINK IS ON FIRELINK is breaking out to new highs. As usual its leaving everyone behind, but if you use 15min TF buy in the purple zone which is in between the .618 and .5 FIBO. SL for LINK/USDT $5.05 or in BTC SL is .0558 or .00055 if your not leveraged or are holding for long term with a looser stop. My TP is .00064. Happy Trading! If you have any comments or suggestions leave them here! Also I am a crypto and FX market analyst so if you have something in particular you would like me to look at just comment below!!!! DISCLAIMER: THIS IS NOT PROFFESIONAL TRADING ADVICE)
Future LifeStyle About to Give A Breakout .Contraction After Expansion .
Price Above 13 and 34 days EMA .
Volume Expansion (Strong Indication )
Stock Looks Like In Accumulation Phase .
Breakout Level 164 (Breakout Should Be With High Volume And Bullish Candle )
Target 187 , 208
Book 30% On First Target And Trail Your Sl Above
Book 30% On 2nd Target And Trail Your Sl .
A look a the bigger 1 day chart pattern possibilities.i've recently been focusing more on the 1hr and 3hr chart patterns as we've been going sideways on top of the blue top trendline of this 1day chart ascending triangle pattern but I wanted to strip down the chart to only that pattern again as it finally looks like we may be finally confirming the breakup from this pattern...we need to make sure before we get too invested in this breakout however that price actions is able to clear the 1day 50ma(in orange) and the 1 day 200ma (in lighter blue) as well as flip both mas to solidified support before we are confident that we will be reaching the 2 potential breakout targets of this triangle. the first target is measuring only the triangle but the second higher target around 11.2k is factoring in the bear flag in its measured move that target will only be reached if we validate an inverse bart pattern here. It would make a lot of sense if we did validate the inverse bart though as we would then fill both remaining gaps in the futures chart if we did so. Must watch how price action engages with the 1day 50 and 200mas first though before getting to excited about it.
Symmetrical triangle broke upward like anticipatedmust keep an eye on the first smaller breakout target in case this may turn into a double top in that zone...fi it keeps going then the higher breakout target then becomes very probable where at that point the resistance to keep in mind will be the 1 day 50ma(not shown here on the 3hr chart)
Successful IH&S Breakout on Gold; Should Sustain Golden Cross.After initiating the golden cross on gold it soon after break above the inverse head and shoulder neckline and then proceeded to reach the breakout target and a few pips above before correcting which to me signals this golden cross should likely be sustained.
$KR inverse H&S breakout on the daily chart #stock #trading$KR stock price has been forming a beautiful clean inverse H&S pattern on the daily chart since MAR'19 earnings result gap down
The pattern has a clean cut shoulder line at around 23.70 and head line at 20.70 / neckline sits at 26.10
Stock has broken the neckline on big volume 2 days ago ( on good numbers regarding same stores sales ) and yesterday started what will be most probably the retest of the neckline
MACD very supportive on both daily and weekly charts / RSI at 65 now on daily / 61 on weekly so there is some room to still go up, but that is also why I think we will see a pull back
Look for retest AND SUPPORT at the neckline in order to participate ( keep an eye especially on the WEEKLY close)
Measured target stands at 31.50
Good luck,
TA
BTC attack on 10K. Bears in panic mode! FOMO starts now. BTC attack on 10K. Bears in panic mode! FOMO starts now.
After the great advance of altcoins capital is now flowing into Bitcoin again (which was partially expected). When/if 10 000$ gets taken out bulls will clear an important psychological as well as technical level of resistance.
This move might extend far higher than you'd expect. Stay hedged and do not over-leverage your trades. If not already in a long position opening one ow will expose your funds to a huge risk. Stay level headed.
Happy gains!
$OSB daily #chart with ascending triangle #breakout$OSB has reached a 19.46 low this summer and since then it has formed an ascending triangle
Last week stock has been bought aggressively as seen on the volume chart and managed to breakout the resistance at 25.11
RSI is slightly being pushed now into high levels so ideally could wait for a successful retest of that line, but somehow I have the feeling this could be related to ER on the 31st OCT
Anyway the measured target is at 30.76
Good Luck,
TA
I'll Take "What Is A Bear Trend" For 500 AlexHello all,
This is just an update from my last chart better representing levels, just in case we continue our bearish trend.
This chart, compared to our last, is charted on the daily rather than the 4 hour time frame.
We have touched basis with our trend and rejected, if we don't make another move to break out in the next week i suspect we will be descending deeper/ possibly retesting our lows in 2018, but that is unlikely as of now.
(At this moment in time my last chart is still active, but if our total drops below ~228B we are most likely continuing our bearish trend)
Grey Lines represent Fib levels.
(Fib levels starting point is December 2018 Lows/ ending point June 2019 Highs)
Red lines Represent Support and resistance zones.
If we fail to break out of our long standing bearish trend, represented by the Red line directly above our candle stick patterns, we will most likely head down for lower lows during February-March.
In my opinion it is not wise to be over leveraged in either direction at the moment as we are at a turning point in the market.
Feel free to comment and share your views.
As Always DYOR and safe trading.
IOTABTC breakout up to 15% profit in the short-termMajor bounce from the mid-term support trend line lead the price action to the descending triangle pattern. Technical analysis is neutral at the longer frames. Such situation is favorable due to BTC fluctuations.
The positions is good for 1-7 days duration. At the short-term timeframe bullish flag is formed with a great breakout potential. The price is going to hit the band and according to Momentum (10) and DMI will break it. Moreover we have hidden bullish divergence at the chart which enhance the forecast.
Buy only when the price goes above the specified confirmation level of 0.0000299
Take profit targets are:
0.0000311
0.0000319
0.0000328
0.0000443
Stop loss:
0.0000269
MFCB - Bullish Breakout, Uptrend To Continue Into Uncharted AreaMFCB - The stock just stage for another round of bullish breakout, which you shall expect further upward continuation. MACD just done bullish crossover, RSI & MACD sloping upward. Resistance can be found at 4.65, support level observable at 4.29
$SPTN weekly chart Inverse H&S breakout Very nice inverse H&S shaping up on the weekly chart, trying to breakout after couple attempts in the past month
MACD and RSI both very supportive (MACD histogram in positive territory / RSI above 40)
Check out the accumulation volume in the past 2 months or so (after the capitulation selloff down to around 9.00ish , buyers stepped in and more than absorbed the selling volume)
Headline around 8.80-9.00 / shoulder line around 17.00 / neckline around 12.25
Next 2 trading sessions are crucial, ideally look for a weekly close above 12.25 (neckline) to participate
Calculated target based on the head to neck distance is around 15.68
NTPM - Technical Rebound & Testing for BreakoutNTPM - Bullish candle with substantially strong buying interest, affirming the stock support at MA50/ 0.415, indicators are pointing for further upside. Further trading interest shall propel the stock towards MA200. Any chance to breakout from MA200 will generate stronger momentum for the stock. Next resistance at 0.49.
TRXUSD: 4hr Ascending Triangle & Weekly Sequential 9Tron looking bullish and trying to break out of its ascending triangle as well as 200 MA, similar to ETH , LTC and BCH . It's tempting to take the trade above the Sequential 9 at 0.01675 when the weekly candle would flip green, similar to ETH in this sense which played out well. However the setup is only 1.5 reward ration on the 4 hr, so will wait for a better setup on the weekly (or potentially the Daily).
Similar to the altcoin market the Weekly Sequential 9 is a doji reversal candle:
BTC Dominance is otherwise starting breaking down since Ethereum's run up:
XRPUSD hits my exact breakout target.We are finding resistance at my exact breakout target for xrp. However, if we can flip the 1 day 50ma to solidified support then we should be able to eventually overcome this horizontal resistance...as we can see there is a 2nd horizontal resistance just above it though so it will not be easy...for this reason I'm leaving this idea neutral even though I am most definitely longterm bullish on xrp.