NASDAQ:DOCU has multiple tops around 250 area. As per the trend, bulls are coming harder and lifting the price again. RSI & MACD showing bullish signs to me. Let see this time 250 area get breaks.
When we look at the chart we can see that Silver is close to a falling and raising wedge. If we get to see the breakout of the wedge we will wait for the retest to enter than. My personal opinion is that the price is going to break the falling wedge and that we get a confirmation for a long position when we get to see the retest of the wedge. Keep in mind that it...
I'm thinking this is going to burst down because of the huge raising wedge forming, the stock seems to bounce up and down a lot meaning that it's losing a lot of momentum. instead of breaking resistance levels lately it seems just retest them many times. I'm thinking it will go down a dollar or 2 on open then quickly be bought back up, what are you guys thinking.
Trade in the range.. Buy and Short within the range.
Looking at the downtrend that started back in February from the all time high, we see an upward wedge in the making and could be breaking soon all depending on the market. This pattern on this downtrend could be a continuation upward wedge since an upward wedge tends to break downward, so there is a probability it could continue downward after breaking the upward...
On a 30 smaller time frame Nifty is forming a raising wedge. Its jumping between up's and downs. better take position once the breakout happen.
BINANCE:BTCUSDT BTC meets key resistance at $7630, as mentioned in lastest analysis, from now a small retrace is expected. This retracement, is also called as a 'dead cat bounce', might push BTC to $8100 area to finished fourth wave, will following by a massive sell off that might end up at $6700 (Fibonacci 38.2% level) or $6000 (Fibonacci 50% level) in panic...
Raising wedges are usually a sign for drops. But if they break up high, you will see how crazy the Bitcoin could be ;)
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