Allen4083

Allen4083

Increasing lows, equal highs, at least two swings passed = bullish surge towards $254 Also: Kumo Cloud indicators gave us a strong bullish signal on May 16 and the cloud is showing strong support

Allen4083 Updated 

Weak buy signal with the red+blue cross underneath the Kumo, and lagging strand is showing consolidation. This typically means "wait for more information" but we are approaching a strong support in the trend channel and momentum is pointing towards a reversal. I'd keep a stop loss around the 238 level, but even if we unload at 247 that's a solid 3:1 risk to...

Allen4083

Not yet, in my opinion. I do think, however, that we are entering a new channel between $6000 and $5700. We closed above the previous resistance at 5700. Kumo Cloud shows strong support (flat line) at the 5700 level, but we can see our lagging strand (light green line) colliding with prices, which is a signal for consolidation. Also, look at the most recent...

Allen4083

Ascending Triangle. T/K CROSS. KUMO CLOUD TWIST. BULLISH RSI. RECOVERING FROM BULLSHIT AMERICAN SESSIONS SENTIMENT. GO FOR IT.

Allen4083

Sessions' repeal of four Obama-era memorandums that affected RECREATIONAL scared a lot of frail investors which is a golden trade opportunity. MJNA's backbone is CBD-based, not recreational, not to mention holds other diversified holdings that will weather this nonsense idiotic political power play. Enjoy your free discount and 80% upside. Or enjoy holding this...

Allen4083 Updated 

I was looking for a possible ascending triangle with a bullish breakout but our tops aren't matching as nicely as I would like and prices failed to break a major resistance, coinciding with RSI in overbought territory. I'm thinking the price will drop to the long term trend line once more before it retests resistance. Would love to hear others' thoughts but I'm...

Allen4083 Updated 

We have a strong bullish breakout of the Kumo cloud, a Kumo twist, and a nice bullish RSI divergence. Upper boundary of Kumo along with the Fib level held as a nice resistance. Lagging strand of the Ichimoku graph has not collided with previous prices--yet. This is a signal for consolidation. There are a few possible plays here: a minor channel-based play with...

Allen4083

Simple Trend-Based short with RSI moving into overbought. Stop loss @ upper bound of trend

Allen4083 Updated 

BCH just broke out of an established bearish channel but has reversed at a key resistance level, ~$652, which can be identified matching the tops from the previous bearish channel with a Fib retracement. Note the Stoch crossover and reversal as well. I think we will reverse and break this barrier soon (if the new bullish channel holds, the price shouldn't be able...

Allen4083 Updated 

We are currently in the lower end of the trend channel and prices just reversed upward. Stoch RSI showing a bullish cross and more room for the upside; large-volume bullish candle bounced off a flat Tenkan--so I think we are easily going to cross the $4668 level. Stop Loss @ lower trendline (~$4550) Take Profit below $5000 (I say this for psychological reasons)

Allen4083 Updated 

Reversal at strong resistance line @ .08 ---> heading back down to .06570 baseline of Triangle. Possible reversal back to the descending trend line, then watch for the break below .06570, taking us to lower key levels. Watch for increased volume during sell-off.

Allen4083 Updated 

Gold failed to break key levels recently. Looks like a descending triangle has formed. We have a weak Bearish T/K cross. Looks like a good short setup -- watch for the breach at Senkou B

Allen4083

Hammer candlestick and previous prices show a support forming at ~$3400. Stoch RSI cross, and reversing after going into oversold Lagging strand of the Ichimoku Indicator not running into previous prices = good sign Looks like bullish trend will continue

Allen4083

Price failed to breach 3643.34 resistance level; RSI showing overbought; we've deviated a fair amount from our trend line. I would wait for a breach of the trend line @ .786 Fib level before placing short trades. If not, and we see a price reversal signal at .786, we'll go long again. If short: Take profit at .618, Stop Loss above 3555.60