Resistencebreakout
Watching this beautiful triangleAs you can see the action price already break the last big resistance, it struggle since march last year and now it seems to be coming back, in MACD we have a good volume that shows momentum the two lines are crossing, the four MVA lines(5,20,50,200) now are under the price meaning the beginning of a bullish trend (check that since the very first time for the company the price is above the 200 MVA) and if I could guess, I believe it could be around the 50s in the next six months, for now I expect to reach the other previous resistence that was 30 dollars either tomorrow or friday.
This is the first chart I ever publish please share your ideas so I can keep learning, this is not a financial advise always do your own research.
Thanks for reading.
Show some love commenting below and share what other indicators you would use to reinforce a technical analysis like this.
Ghostrader
What is next of CADCHF ?
You have any hesitation above the chart
Have any glitch on the nzdchf weeklieas chart ? i hope traders can properly indentify my charting glitch !
CADCHF will be gone moon !
#CADCHF Where will be arrived?
CADCHF BULL prive movement prediction ready i believe that .
CADCHF mine own perspective so what's your opinion on the nzdchf price movement please comment in the below section
GILT - the move just started (IMO)GILT broke above both the 2 year resistence @ 10.75 and the 19 year(!) resistence @ 11.30 on 25 January on strong volume. It has since been consolidating in a bull pennant above the 19 year resistence (turned support) @ 11.30.
Good time to stake for those who is prepared to have a wide initial stop loss (below 11.0). Let's see if this potential home-run trade pans out!
p/s please position size accordingly as penny stocks tend to be very volatile (and no guaranteed that trade would work out).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
PEL looks Very Bullish for short termPEL has broken long term resistence trendline on daily charts. it has been struggling to break resistence line for last few sessions, it broke decisively and continued holding above 200DMA levels. it can easily rally upto 1800 level in coming days. it is the right time to enter for long term. for short term also it can easily generate 20% from current levels.
NZDUSD Long position !!Welcome to Fxtrading services, we provide premium signals & services to our costumers.
Fundamental analysis: Trade talk between US and China are going on all day. We will wait for the outcome to create then a possible long/short position
Technical analysis : Break of the support level we are looking for a retracement to trigger our long positions.
RSI: stays above 50 level
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Can BTC breakout at $12,391 updated with proposed bullish hypothBTC could go to $$15,000+ if it crosses the first red resistence line as the surge leading into the proposed flag is about $3,000.
Let's see...
BTC bullish breakout at $12,391 ?On my BTC chart, based on the last 4 weeks, we can see that both the red horizontal Resistence line and the green trend line meet at approximately $12,319.
Now, if the price breaks out over the Resistence ($12,391 approx), we could see the clearest indication yet of the start of a quality bullish movement.
The fact that the price is following the trend line (at the moment) indicates that we could be in the midst of a bullish flag signal.
Obviously, as a bull, I do not want to see the price fall below the trend line. If it does, then we will have to keep waiting for a surge in price, but in the meantime, we could see BTC fall below $10,000 (or lower still).
So for me, breaking resistance at $12,391 (or thereabouts) is key to bullish revolution of BTC - if it fails, then we go back down to $10,000 at least.