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Patterntrading

STCUSDT possible descending triangle breakoutStudent coin is currently trading outside of a descending triangle and above the Ichimoku cloud on the 1 hour chart with a possible breakout to the up side if it can break through the 50 EMA on the 4 hour chart or 200 EMA on the 1 hour chart. Strong support has been maintained at $0.015 for 2 weeks and should continue to maintain unless bitcoin has further corrections to the downside. Using the Fibonacci a possible target at $0.02 can be found with further upside towards $0.022 if the secondary descending triangle can also be broken. Please note: This is not financial advice. Do your due diligence when trading and trade at your own risk.
SLong
by Adam199
1
Bearish thingsI hope you're all having a wonderful Tuesday, here's what I'm seeing in the charts right now.. - Bullish momentum has slowed considerably since last week - Price action does appear to be forming a descending triangle, a BEARISH REVERSAL PATTERN - A move up to $57.5K is expected before resuming formation of the bearish pattern - Measured move of a break below support would take bitcoin under $46K - Should bitcoin get a bounce at this level, it would make for a beautiful double bottom on mid timeframes setting the stage for new ATH's in April. Open interest climbing again... BTC CME Futures are looking pretty bearish. 10yr Yields fall again today -DXY looking more bullish every day this week - SPX looking incredibly bearish, I expect a decent correction tomorrow and/or Thursday. BTC has been strongly correlated to the performance of the SPX, should we see a severe correction tomorrow -I would expect BTC to drop as well. This pullback is setting up for an incredible opportunity -possibly the LAST time bitcoin will see sub $50K prices.. (stress on word "possibly") Cheers. JNY 3candlecollective
BITSTAMP:BTCUSD
by BitCapJNY
3
BNB/USDT - close to symmetrical triangle breakoutBNB/USDT has been setting up a symmetrical triangle for a month since it hit its ATH and is now on the verge of breaking out. Due to the way the pattern is set up and fairly low risk associated with the trade a bullish breakout seems more likely than a pattern failure. This looks like a great buy zone to me but I will wait for breakout confirmation first before fully entering a long. For this trade we can work with a tight stop of around 3-5% below the current price which makes for a great risk:reward ratio or simply wait for breakout confirmation before entering the trade to reduce the risk of longing a pattern failure. Buy zone: $260-$272 Recommended stop loss area: $256.5 (very tight) - $248 Tighter stops can turn the risk:reward in your favor but also increase the risk of getting stopped out too early by fake-outs and potential wicks so choose a price you're comfortable with. They work best if you let the price come to you and you're buying right on support. Best of luck and let me know what you think!
Long
by Wolfy_
4
Regis Resources Limited (RRL) - LONGRegis Resources Limited (RRL) - LONG Regis Resources, together with its subsidiaries, engage in the exploration, evaluation, and development of gold projects in Australia. The company owns 100% interests in the Duketon project located in the North Eastern Goldfields of Western Australia; and the McPhillamys project situated in the Central Western region of New South Wales. Regis Resources Limited was incorporated in 1986 and is headquartered in Perth, Australia. Technicals: This is a med/long term hold for me with a phenomenal RRR. On my previous analysis I mentioned that from the extension of the descending triangle, a further move down to the $3.15-$3.35 mark was imminent (which is coincidentally where the long term trendline support, and major all time fib support of 78.6% exist). A long entry around this area would present extremely good risk/reward. Conservative traders could look for a dow entry off the bounce. Fundamentals: RRL is significantly undervalued. It has a PE ratio of 9.5 compared to the Metals and Mining industry average of 12.6. Furthermore, it’s PE ratio (9.5) compared to the Australian market (22.6) makes it even better value. RRL also has very high quality earnings (see attached spreadsheet) and has historically grown by 15% annually (this year actually at @ 22.2%). It’s net profit margins have consistently increased as well. It doesn’t take a rocket scientist to look at the escalation of the revenue and profit over the past 5 years to tell that this is a company that is very well structured and financially stable; 5 years ago it’s debt to equity ratio was 4.9% and now it is debt free and also has a 23.9% return on equity. It’s seen some noticeable purchasing from directors and major shareholders since November, which is also a positive sign. Although the average management tenure is 1.4 years, Mr. Jim Beyer, has been the CEO and Managing Director at Regis Resources Limited since October 15, 2018. Previously he was the CEO of Mount Gibson Iron Limited from December 2011 to May 14, 2012 and its Chief Operating Officer from November 2011 until May 14, 2012. In addition he has also held general management roles with Newmont Mining Corporation where he was responsible for the development and implementation of Business Improvement initiatives and Technical Services support across the Asia Pacific region. He served as Operations General Manager for Boddington Gold Mine from 2007 to 2010, where he was responsible for start-up preparations, commissioning and production ramp up. He was General Manager of the Pajingo Gold Mine from 2004 to 2006. He has a broad range of operating and start up experience encompassing 25 years across a number of commodities. In the past ten years he has held general management, operational and planning roles with WMC Resources at its Olympic Dam operation. Mr. Beyer holds a Bachelor of Engineering (Mining) degree, a Masters of Geoscience (Mineral Economics) and is a Vice President of the Executive Council of the Association of Mining & Exploration Companies (AMEC). Never take stock tips. Educate yourself and always DYOR whilst implementing a rigid risk management plan before investing your own money.
ASX:RRLLong
by simplyasx
2
TSLA - just guessingPatterns - increasing slope with every bull run so far - price appears to be at new furthest point from 55 EMA in stock history - stock is 10x after one year and 2x in the last three months - EMAs spread wide Other Potential Factors - buys from S&P inclusion to run out eventually - looks like bitcoin did three years ago (crazy impulse wave) - is the company really doing that much better than last year? - market cap is 32 x revenue from 2019 Doubts About My Prediction - investors may believe too strongly in long-term to sell - strong company and leader in uncertain times - extremely high brand affinity - betting against Elon Musk is historically proven to be a bad idea ***IMPORTANT*** I'm very new to this, don't trust me!
NASDAQ:TSLAShort
by jsobusername
SPY: A Trump & Biden ElectionI think the market is smart. We need to read its psychology. I received countless texts, calls and DM's about this election year and the potential results. Well its tough. I have many friends on both sides of the spectrum and some of Biden's and even California's tax plans is really important to understand. While it would potentially take years and months to implement and Republicans are anticipated to control Congress and a decent control in the Supreme Court. This is important in providing the Check's & Balances in our Primarily Two Party System. (I see you Green & Libertarian Party). Thus far we are in a consolidation phase. It is hard to call this pattern a rising wedge...which often leads to a bear reversal. Is that something we are going to see under Biden? Or do we predict one final big run in the market and if Biden win's we can potentially see huge sell off's prior to the execution of his tax plan. Its a big WHAT if scenario. I will be very honest and say I am not to sure about who is going to win. Biden looks to have the advantage with the various votes coming in at the last minute. I'll leave conspiracies and my personal political values on the sideline. Chart Wise: We set two Lower Highs. Two Higher Lows. Consolidation theory makes sense considering the election year. IF we want to hit a big final push into HH...which seems a bit insane in this market, but potentially possible if Trump wins. The amount of people who have sat sidelines cash and waiting for a Orange Hair win is quite large. I know real estate developers and investors who told me if Trump wins they will go full steam ahead in their developments and acquisitions. So can this be a big driver for people who have money? Maybe. I also heard of many saying they will pull out of the market if Biden wins and slowly decrease their ownership of stock to preserve portions of their wealth. What is MOST important during this time is to BUY LOW & SELL HIGH. Be patient. Try not to touch anything at ATH's. The best posture is a defensive one. That being said I opened position around the time of the second lower high. It was a easy trade that benefitted me greatly in the last two days. So if you are willing to take a little risk try and enter as close to the bottom of the symmetrical triangle. Again, these are all my personal opinions and not professional advice. Do your own due diligence and trust your own gut. If you have any other perspectives please let me know! I would like to continue to educate myself and see how other trades think and perceive the markets. Thanks again. Stay safe & Happy Hunting! Reg.
AMEX:SPYLong
by regalia
3
NZDUSD - 4HR - Potential Bearish Butterfly & Cypher FormationsWe have 2 potential bearish pattern formations setting up here on the NZDUSD 4 Hour Timeframe. A potential Bearish Butterfly (in purple) & a potential bearish Cypher (in blue). The completion zone for both of these patterns line up at a retest of previous structure highs (for the butterfly specifically) proving a good shelf to place protective stops. I hope you guys have a great week of trading. Another pretty heavy week of news releases so stay safe out there! Your Trading Coach - Akil
Short
by Akil_Stokes
6