Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a few moments ago rebounded from the support line and started to grow near this line. Soon, the price reached the 2290 support level, which coincided with buyer zone, and soon broke this level, after which made retest and continued to grow. In a short time...
Hello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it reached the resistance line at once, and then rebounded down to the support line of the downward channel. Later, the price bounced up from this line and rose to the seller zone,...
Hello traders, I want share with you my opinion about Gold. If we look at the chart, we can see how the price some time ago entered to upward wedge, where firstly it rebounded from the support line and made a strong upward impulse to the resistance level, which coincided with the seller zone, thereby breaking the 2150 support level. After this movement, Gold...
Just updating my original idea with some of the purchases I've made post breakout. Conviction is medium-high on reaching the target profit zone.
When the price broke the upper trend line of the wedge my prediction for the profit taking zone was 38% from the bottom of the wedge, based on the using the price range measuring tool to measure the open end of the wedge which was 38% at 23 bars. This time was dead on as we can now see retracement once 38% increase happened.
From short time perspective it looks like LTC is getting ready to break the downward wedge, heading all the way up to 150USD. From long term perspective we can see the downward flag, last component of large cup and handle. My idea is to buy now, sell at 150USD, wait for the price to break/confirm the flag and then go long . RSI and Momentum were already yesterday...
- Litecoin is at the all time low of the last two years. - Has been in a downward wedge for the last year. - under all moving averages on the daily. - Make no mistake It is weak. - Currently at a double bottom at 0.004041 and A wave - Could go a little lower to hit the bottom of the wedge and make a final C wave. - Expecting a bounce off the bottom of the...
Forgot to post t his, Entered @ 1.40428 TP: 1.42947 SL: 1.39588 I decided to take the trade because I have been watching the downward wedge (sign of a bull continuation on an uptrend) that formed and saw the opportunity after the wedge was broken to the bull side on the third candle stick.
Just an idea, however with Bitcoin Dominance so strong and most of the Alts dying a slow death. This is probably a little optimistic in the current climate, however these are just observations. Last downward wedge, price nearly made it back to the last high at 0.0183 we had a small bullish divergence just before the turn. Looks very similar to the current...
Retesting upper wedge border, then possibly continuing downward.
EVIO Labs is another micro small-cap cannabis lab test & research co. Entry at $0.70 and getting bounce to T1 / T2 for exit. Not profitable or I'd stay longer. Gaining position. Targets both on Fib retracement unless something changes. One of 3 approved test facilities in MA, and already in CA, OR, and WA.
NYSE:SQM * Lithium play * USD/Bolivian currency.... * Mining play * Sequencing watch * Break out from downward wedge * Discount on Lithium levearaging USD
BTC chart within the downward wedge has been making a bullish 3 drives pattern, but I will say it also made one with the last hump I will put link below. So it seems to be moving within this Wedge pattern since January the fibs line up about 68% extension on the tops and 1.2 on the bottoms its textbook now we just need it to hit the bottom of the wedge at $5500...
We have a huge confluence of support right here. We are testing the trendline from the December High. It also is right were the current upward trend from June is along with price resistance/support lines. If you look at the daily chart there is currently at a huge confluence of support and it is likely that we will see an bounce or a reversal of this downward...
AEBTC has finally broken out of the downward wedge. But it currently is in its 4th accumulation phase at lower prices. Is this the price that holds and catupults it back to its possible value of about $5 - $8 or will it fall again for a 5 accumulation phase. As i said it broke out of the downard wedge and had a nice spike from its spring and now the price has come...
BTC has been showing very bullish price action and momentum as of late. The bears have been pushed up against the ropes and now must fight there way out. Personally I am hoping that the bulls win and we break out of this downward wedge. We have wicked out on the daily. But need a strong push and at least one close above the trendline on the daily. This point we...
The green line is the 1 month resistence line dating back to about June 13, 2018. We need to break this line if we want any sustained upward movement. But at the same time are also in a downward pointing wedge which should break to the upside by about July 24 at the latest. So keep an eye out for another push upward!!!
How are you Crypto Maniacs! Litecoin indicators are surprisingly neutral at this point. That is of course not something an investor who is in Litecoin wants to hear right now, but on the other side, it is better than being bearish. MACD is leaning more towards bearish side in short term, however in medium term, which entails few month, it is bullish as it is in...