Ethereum looking bullish our of consolidationBeen following ethereum a lot these past few days as it broke out of a triangle but was unable to break the previous point of resistance and has been consolidating since. The bollinger bands are starting to get tight on the 4h, 12h, and 1d chart so within the next week or so I'm looking for a push to around .091 as the initial target and even possibly .095 as a more aggressive target. I might open a long soon with my stop placed shortly above the current consolidation that is visible on the 1h, but am looking to build most of my long with a break of .087.
Consolidation-breakout
BTC Consolidation.... charge up before Break out or Break downIndecision right now, if wedge plays out we go up
It already had a great bounce off my first support
We may need to visit 2nd support (~7900) before going up... i really doubt we need to go any lower than that
Sadly 2018 consensus event didn't give us the pump we thought it would. But remember, that could just be what they want you to think before they destroy all bears.
SC is going to moon#SC is going to takeoff like a rocket. Since Upbit listing, SC 1.83% has consolidating forming a wedge . RSI divergence, MACD crossing over and bollinger bands tightening. All we need is some real volume for that breakout to occur. Targets are fibs. My bags are filled.
NEO is Next: Breakout in ProgressNEO just broke out of the large bullish pennant it has been consolidating in on top of the big 236 fib, and is bull flagging under a downtrend line for a breakout to the upside. The MACD on the 4h is about to cross up, the RSI has a good amount of headroom, and volume just started to pick up. Let's see if NEO is about to do its "Superman thing".
GBPUSD - Potential Reversal Next Week?We've had three strong pushes (look at the yellow arrows)
After a push, a consolidation period occurs (rectangle) which did not occur on the latest push.
Could this suggest that 1H bears are exhausted and the bulls will come in?
Look for a break towards the top of the triangle to confirm this.
USDJPY - Sell the break. USDJPY was in an uptrend but slipped through 50 & 200 EMA which heavily suggests there's a reversal.
Unite Group Making New All-Time HighsUnite Group has been in an uptrend since the end of 2011, experiencing a long period
of consolidation from August 2015 to October 2017.
During the period of consolidation it would have been best to stand aside until a breakout happened. Consolidations are very
difficult to trade and your capital is best used on stocks that are actually trending.
Patience here would have paid off because we now have a breakout from the most recent deep pullback and price is looking
strong. We need to see price remain above the resistance level and use it as support and opportunities can be looked at if
we get another breakout, as this will confirm a continuation of the bull trend.
Price is currently making new all-time highs so there is not any previous areas of support/resistance in the way of price.
Be alert to a possible breakout soon and keep this stock on the watchlist because it has a history of trending well.
If the trend is as strong as the previous ones then there will be opportunities to compound which can multiply potential profits.
Compounding is a method of extracting more from a trade in less time and with little effort.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Quick LTC TA: Nowhere To GoTicker: COINBASE:LTCUSD
Timeframe: Weekly/7 months
It's fairly obvious to read this. I favor breaking up, but both ways are possible. We can't consolidate much further. The trendline consolidation is even more impressive on smaller timeframes.
If you're in the market already get ready for a scary ride in the next two weeks.
BTC: Flag Inception: Bull Flags within Bull FlagsThe setup is clear, will the buyers step in? We'll have to see.
LTC is About to ExplodeLTC has been lagging and ETH just started slowing down. History often repeats; time for some massive catchup.
USDCAD H4Actually in a consolidation. Wait for a breakout of the support or the resistance for a short/long trade!
BTC: Think Twice Before Shorting Right NowThe drop from the Bearish Gartley BTC just had was caught quickly by the bulls, and although there are a few bearish indicators, such as the MACD on the 1D, overall BTC is still showing more bullish than bearish signs. Bulls have repeatedly held price above the 50% line inside the large consolidation pattern it is in, and just broke upward out of a smaller consolidation wedge through a price resistance line (the dotted red), currently holding well above the 618 fib. Usually a break out of consolidation like this gets more follow-up, so we'll have to see what happens. There is a decent chance BTC could break 10k soon.
Alliance Pharma Showing StrengthAlliance Pharma has a consistent pattern of consolidation followed by breakouts to the upside.
The pattern can always change going forward but it is always useful to identify the recent behaviour of a stock.
The reason being, if you were to enter a trade in this stock and price just went sideways, it may become tempting to exit the
trade early. But by understanding that this stock experiences periods of consolidation, it will help you acknowledge that patience is just needed, as the probability of it breaking out is likely.
We are currently seeing momentum to the upside as price broke out of consolidation in December 2017. We may see a period of consolidation soon or price may just continue to trend to the upside. There is nothing wrong with taking a breakout opportunity now but we just have to remember not to worry if the trend decides to go sideways.
The £1.00 round number is not too far away which may cause some sort of resistance for price.
We shall see if the momentum will continue going forward.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Consolidation So as we see on UJ price is stuck in a zone and is in consolidation. This shows us that both the areas of support and resistance are strong, so in this instances you wait for price to break out of zone and come back and enter off the retest. You have good assurance that price will respect the zone because of much it respected before the break out. Your Stop Loss in would go above or below the zone that doesn't get broken.
Sopheon PLC Trending Hard and FastSopheon is a good example of a nice moving stock. After it broke through consolidation which
lasted the for the majority of 2017, it smashed through the resistance level and has not looked back.
The Weekly 50 simple moving average played a part in pushing price up as it was used as support along the way.
After the consolidation breakout, price has had an impulsive move to the upside with no clear pullback along the way so one may be due soon.
If price does continue to move higher then it may struggle with the £10.00 round number as it can act as psychological support/resistance.
At the moment we are seeing price moving down slightly after reaching the £9.00 area so we will have to see if the pullback occurs sooner.
Remember that pullbacks are good opportunities to enter trades, just as long as they come down to a strong support area.
We shall be waiting for opportunities once price breaks through £10.00 as there will be no obstacles in the way after that point
and increasing the odds of a profitable trade.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Expected 200% profit in the nearest futureWe can see consolidation since beginning of March.
Now MDA above Ichimoku cloud
Also increased volume.
1st target - 0.00026
The GBPUSD Fails to Break ResistanceWe last posted on the GBPUSD on April 17th when price was testing and attempting to break throught the pivot resistance high of January.
What we wanted to see was price break and close above this pivot resistance confirming it as support. This would then have offered a long entry into the trend with around 600 pips of profit on the table towards the next key resistance of 1.5000.
But the breakout did not materialise and, instead, we can see that price made a swift turn around. The bears came in strong and have pushed price back to the support cluster of the 50SMA and the round number 1.4000. This keeps price within this current area of consolidation and so we still require a breakout.
All is not lost. The overall bias is still bullish with price trading above the daily 200SMA amongst other key support levels. In addition, periods of of consolidation make an excellent foundation for trends to develop.
Remember, the longer the consolidation the bigger the breakout as the expression goes.
It is now a waiting game to see of price does breakout to the upside where we can add new positions to the long position already in play or if price weakens back to the 200SMA where we will look to exit our trade.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Bovis Homes Breaks Out As ExpectedBovis Homes has broken out of a strong resistance level which was set back in 2007 at £12.20.
In our previous post we mentioned that we could see a breakout soon. The reason was because we could see price making higher lows leading up to the move towards the resistance level.
We now have that breakout we were expecting so what we need to do next is ensure that this is not a fake breakout. The way we do this is by waiting for another breakout on the daily chart which will tell us that the buyers are stronger than the sellers.
Breakouts are an easy and effective way to determine which direction the market is likely to go.
If there is a second breakout then we may see a strong trend develop following the consolidation. The longer the period of consolidation
the bigger the trend we can expect. As price has been consolidating since August 2015 it would not be surprising if the trend lasts for a year or more but there is no way of predicting that. It would also be nice to see a trend with small pullbacks and frequent breakouts .
This stock should be on your watchlist as the opportunity to trade this may be coming soon.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
EURGBP Fake BreakoutEURGBP broke down through the consolidation support level only to return back to consolidation again.
This forex pair has been in consolidation for some time now and rarely trends, but when it does trend there
is usually a lot of profit for the taking.
At the moment, price is above the Weekly 200 simple moving average and below the Daily 200 simple moving average so this is giving conflicting messages. We want both timeframes to be telling us the same information to have confidence in knowing which way to trade it.
When we are getting mixed message we want to stand aside.
If price can break through the consolidation resistance level then we may see opportunities for long trades but price will first need to move above the Daily 200 simple moving average.
Right now we must stand aside and wait to see which direction price breaks out of the consolidation area.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
No Change on The USDSGDWe last posted on the USDSGD on March 27th when price was firmly range bound between pivot resistance from September of last year and the round number 1.3000 acting as support.
There has been no change on this since then and price has continued to side wind between those levels of support and resistance.
Price is our, and must also be your, primary indicator. We can clearly see that the USDSGD is in consolidation looking at price alone and when you should be standing aside. The EURUSD and the GBPUSD continue to remain range bound too and also require breakouts.
Where many go wrong is using lagging indicators such as MACD or RSI to try and predict what price will do next. It is a false economy. Price is best placed to dictate what to do next rather than using a lagging indicator to predict.
A good tool to CONFIRM that price is in consolidation is the daily 50SMA. When in a trend, we want to see the moving average following price and angling up or down depending on the trend direction. Looking at the daily chart, we can that the 50SMA is going sideways conforming price is in consolidation.
As price is trading below the daily 200SMA and the daily 50SMA, our bias is still very much bearish. We are already short on this currency from the start of the year and now waiting for a break and close below 1.3000 support to suggest a continuation of the bear trend.
This is when we will look to add compounds as price weakens further towards 1.2000.
Remember, to be a trader, you do not need to be executing traders every single day. That is what your broker wants and will encourage you to do. Instead, trade when trends are in play and stand aside when not. The best timeframes to establish trends are the monthly, weekly and daily.
Patience, a feature for both FX and stocks, very much needed for now.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
LTC could Moon Very SoonLTC has been lagging many of the other coins and looks to be gearing up for a run as long as BTC continues to hold up for the time being.
Currently it has been consolidating on a big 786 fib support, slowly prepping its engines. If a breakout with enough volume occurs, LTC could be looking at a pump as high as $160 (35-40%) before bouncing down off the next major fib and psych levels up in that region. Knowing LTC's history, when it goes, it goes.
