XRP Daily Chart Looking full of steam and ready to rise. Bullish crossover on Stochatic RSI from oversold conditions. 50 day moving average approaching 200 day, it has already crossed the 100 day. Breakout above 1.0 Fib. If we can establish support here we should attempt to test the 1.618 Fib around 0.365. Timeframe could potentially be about same time...
PETS recently broke out of a Cup and Handle pattern while holding the 50MA. There was good volume on the breakout yesterday however today PETS pulled back and hammered off the breakout point. I took the opportunity to go long PETS within this pullback. This is a clean Cup & Handle setup with a clean line of resistance. I also like the fact PETS already...
Forgot to make a trade journal yesterday for SPCE Long. I've been stalking SPCE during it's consolidation and a nice ascending triangle was developing on the 30m timeframe. SPCE a speculative stock that's been gaining momentum since it's bottom last year. I think SPCE has a lot more to run. Entry - 20.31 Stop Loss - 19.49 Target - 25 SPCE had a great start...
Price is rejecting weekly resistance on daily. 6/10 prior days on the daily are bearish. If this is the case then why would professionals buy this pair when it is at 1hr/4hr Resistance? Only retail traders are buying at resistance as they are treating Trading like gambling. No plan, just winging it. I was happy to sell to them this morning. One of my cleanest...
AUD/JPY has gaped down and the gap has since been a clear resistance. Will be watching the 4H chart for entry. Looking to sell either when (orange) uptrend is broken, or if price goes back up to the gap and rejects from there. Pay attention to the candle sticks! (Dojis, engulfing, hammers, etc) for confirmation! *Bearish set up is invalid if we get a close above the gap.*
In 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...
Live entry on USD/CAD, I usually trade strict limit orders around the Pivot, but this is cause for an exception.
ACMR is a volatile and speculative stock that has been in a tight consolidation for the last month. Yesterday, ACMR looked like it was taking off and I missed the entry, however today ACMR reversed but bounced off the previous breakout area. Since ACMR retested the breakout area, I went long this retracement. Entry - 39.49 Stop Loss - 36.95 Target -...
V gained momentum in January as it announced new displacement technology for 2020. The stock has a Professional Trader setup for triggering High Frequency Trader algorithms, which ran the stock up with momentum. Profit taking quickly halted the run temporarily with a gap down. Smaller Funds VWAPs triggered on the Buy on the Dip, which created another 4 days of...
FX:EURCHF Will only enter if current candle becomes a indecision (Doji) ENTRY: 1.06399 TP: 1.06769 SL: 1.06249 I am not a by any means a professional trader this account is only for my enjoyment. Any trades you take are not my responsibility and yours alone.
In 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...
I always say that - but people often look at too short time frames - and that needs repeating over and over again. What many see on 4H charts has nothing to do with long term 1W setups which to be honest are my favorite. Double bottom here on ETH will make this trade my ETH harvester... since I simply am not going to sell at first green box target... Good luck...
Sorry 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...
Hypothetical scenario: (1) Buy Limit @ 0.83000 (2) Stop Loss @ 0.80000 (3000 pips) (3) Target @ 0.92000 (9000 pips) (4) R:R = 1:3.00 Reasons for long: (1) Hammer on Monthly (2) Structure Area (3) Declining Volume Stay tuned for the updates Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for...
4H CHART EXPLANATION: Price has broken the Ascending Channel, and now it is making a bearish corrective structure pullbacking the broken trendline and the Resistance Zone. We are waiting for a breakout to confirm the downside move. DAILY CHART ANALYSIS:
I am revisiting SDC since going long and stopping out on 1/21/2020. Since then, SDC has been consolidating nicely with a tight pennant pattern on the daily chart. SDC is a speculative name with a huge short interest at 30%. This stock has the potential to short squeeze. Furthermore, as TSLA continues it's rampage, there has been a heightened sense of delusion...
BYND is coiling up for a big move with an Inside day candlestick on low volume . This is a big volume pattern as volume is literally drying up. This could be considered a "Quiet and Tight" pattern. I also love the price action on the 30m timeframe at 106 support. This support was tested twice with a 2B reversal/double bottom and a tight pennant pattern is forming....