Is $GIS ready to move higher?Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Breaking out of a base on base pattern of about 4 months
* Has been testing broken resistance of 76.57 as support for the past several sessions
Technicals:
Sector: Consumer Defensive - Packaged Foods
Relative Strength vs. Sector: 7.77
Relative Strength vs. SP500: 1.08
U/D Ratio: 1.33
Base Depth: 16.62%
Distance from breakout buy point: 1.14%
Volume 61.4% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to the broken level
* If you want a better entry you can look for one around the 76.57 area as that should continue to serve as support should $GIS continue to range
Buysignal
ETHUSDTFormed patterns define a kind of perspective for us.
Keep in mind that as long as the price range of $1592.81 is maintained, we will not have the mindset to form a corrective trend, so the upward trend can continue up to the white range ($2191.67).
But if the current trend is lower than the price range ($1592.81), there is a possibility of forming a corrective trend similar to the drawn scenario.
We would be happy to hear your comments.
$TGT (TARGET) POSSIBLE +20% GAP FILL!$TGT has earnings coming up and a huge +20% gap to fill, which would be a +$35 move for this week to come or even leading into next week! Price has broken resistance and is making a bullish move to the upside to fill that gap it seems! Patience is key! wait for confirmations & ride the trend!
BITCOIN! Ideal Buy ZoneHello ladies and gentlemen, according to my graphical analysis of BITCOIN , I guess it's making good signals to go upwards ,which is confirmed a bit with other signs .So the green Level show a good Buy Zone ,also you can enter with a short positon now ,until the price retest the Level mentioned with a low risk trade..
If you have any comment ,share your opinion with us
BTC/USDHi all,
Hash Rate leads Difficulty in identifying Bitcoin Miner Capitulation.
Hash Ribbons is close to a buy signal and is it would be wise to pay attention.
Usually this indicator has a high probability of success if we analyze the history of buy signals and price action after that.
Since it is a lagging indicator, I frequently take DCA into account before BUY signals.
What do you think about this strategy?
EUR/USD buyEURUSD Scalping short term forcast
There is a divigence on the M5 timeframe that confirms a short term M15 timeframe movement.
The price is currently sitting on a bullish trendline slowly forming a W formation some of you prefer calling it double bottom but its basically the same thing ,the only difference is derived by the traders momentum of trades in the market.
FLUXUSDTHello, I hope we have a profitable week
It should be noted that a higher ceiling has not yet been formed for us. But the divergence of RSA in different time frames cannot be ignored!
Even if we don't consider the pattern in the daily time frame as a bearish wedge
(because it has taken a long time in terms of waves)
The downward trend line has been broken upwards and the zones have been maintained in the correctional movements.
In my opinion, the probability of reaction to the range of $0.4 is high and if the price does not fall below the specified ranges.
And in the upward trend, if it is above the yellow area ($0.511), the upward trend is likely to extend to higher areas.
We would be very happy if you share your thoughts with us.
Thank you for your support (:
QNT in a falling wedge! Keep an eye on this setup!Here's a quick Look at QNT 1 hr chart. As we can see, the price has been forming a falling wedge and a break to the upside could be around the corner. If BTC goes south, then this setup won't be relevant.
The best entry would be when the price breaks above 125.2$ with a good amount of volume. One to keep an eye on.
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The idea is: Buy when the price breaks above 125.2$ and take profits at the levels shown in the chart.
Targets:
1. 128$
2. 133$
3. 139$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
NASDAQ Bullish potentialLooking for Nasdaq to be bullish for the new tomorrow for CPI. An hour before the move.
If price breaks through that "shift" and creates a gap of sort, then we can expect price to potentially trade higher, target being the recent high and price @ 13620.00.
However, I don't want S&P and Dow to break there lows. if that the case, then we can potentially see Price trade lower. I won't be able to determine it much till it gets closer to that time.
I lead more towards bullish than bearish currently.