Binance Coin - We Will See The Bullish Breakout!Binance Coin ( CRYPTO:BNBUSD ) is hugging the previous all time high:
Click chart above to see the detailed analysis👆🏻
Binance Coin has been hugging the previous all time high resistance for a couple of months in a row. Therefore it is quite likely that a bullish breakout will happen soon and following the previous pattern entry, Binance Coin could even hit 5 digits during the next crypto bullrun.
Levels to watch: $620, 20.000
Keep your long term vision,
Philip (BasicTrading)
Patternbreakout
ORCHPHARMA Giving a Strong BreakOutOrchid Pharma Ltd. engages in the development, manufacture, and marketing of diverse bulk actives, formulations, and nutraceuticals. Its products include cardiovascular, anti-diabetic, neuropsychiatry, nutritional supplements, cephalosporins-orals, cephalosporins-injectables, veterinary products, and non-antibiotics. The company was founded by Kailasam Raghavendra Rao on July 1, 1992, and is headquartered in Chennai, India.
Can Keep
Stop_Loss - 1,400
Target_1 - 1,625
Target_2 - Trail With 20-EMA
SERVOTECH Giving a good Break-OutServotech Power Systems Ltd. engages in the manufacture of LED lights and solar products. Its products include solar home lighting systems, integrated solar street lights, and PV ports. The company was founded by Raman Bhatia on September 24, 2004 and is headquartered in New Delhi, India.
Stop_Loss - 120
1st_Target - 145
2nd_Target - Trail with 20EMA
Adani power Consolidating for more than 85 DaysAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading. So, after the BO of this pattern to the upside, we can expect a move of around 30% and can keep a stop-loss below the swing low. NSE:ADANIPOWER
CADJPY Triangle Gives Us Clear Entry for a BuyTriangles are always a treat to find on the charts. This is because the pattern provides an entry signal that is clear and easy to execute.
In Elliott Wave Theory, a triangle pattern consists of 5 internal subwaves, ABCDE. When those subwaves are complete, a break of the triangle is expected in the direction of the trend that occurred prior to the triangle. In this case, we are expecting a thrust to the upside, now that wave (e) is potentially complete.
Triangles always come before the final move in the larger term wave sequence. In CADJPY, this means we are expecting one more wave to the upside before price corrects to the downside. The triangle pattern gives us everything we need to catch that final bull move. Price must remain above the invalidation level of 103.34 for this interpretation to remain valid.
At minimum, we expect a move to the previous highs. We are targeting the 108.00 handle as our initial profit target. There is a good reason for this too... comment below if you want to learn how Elliott Wave Theory can help you find high probability targets as well.
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We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
Home First Fin Co Ind Ltd - Medium to long term investment buyOn Analyzing the weekly chart of Home First Fin Ind Ltd, we noticed a symmetrical triangle formation in the weekly chart. Smart recoveries can be seen in this stock and can reach its all time high in short term. Given the stock chart structure is very good anyone looking for an investment for 6 months and above can add this stock in his portfolio
if
Stock closes above 778 tomorrow (27-05-2022)
**Ideas are my own** Invest as per your risk-taking ability***
$ENS SHORT (DT) RISING WEDGE #ENS #CRYPTO Please remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion, all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
Deepak Nitrite H&S formation (Bullish)Hello traders, the last position made was Bhartiartl it's going good we are above our entry and sitting of near about 2% profits.
Now speaking or deepakntr we can see a inverted head and shoulder pattern in formation, if it completes the pattern and gives a neckline breakout that'll be our entry point.
Buy Above - 2365
Targets mentioned in the chart above.
RSI is coming to bullish zone
MACD is above the signal line
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
QCOM made a double bottom and is now looking to break!QCOM has been doing well fundamentally with its sales growth more than 30% quarter-over-quarter.
Technically it's on a clear up-trend and just recently had a nice pull-back.
Looking at the price-action on the weekly, we can see that it just made a double bottom and is now looking to break.
What makes this more interesting is that the pull-back used the 10-EMA on the monthly time-frame as support and volume is kicking in.
Thoughts:
* QCOM made a double bottom and is now looking to break
* The double bottom will be confirmed if the price breaks and closes above 144.10.
* The measured objective of the pattern would be close to its all-time-highs.
Trade idea:
* Wait for a confirmation of the pattern i.e. wait for a close above $144.10
[Trade Review] How I traded $HD, $U, $SPCE, $ROKU In this video I will reviewing trades I took on June 22 ,2021 which were $HD, $U, $SPCE, $ROKU these trades were taken from todays livestream were i explained my plan showed you guys my TA and updated my TA as we went on plus answered questions! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Inverted H&S in Rite AidNice inverted H&S is being formed in NYSE:RAD . Breakout through neckline was supported by the volume, and ideal target is around 19-20$ for a very solid return.