Interesting weekly on corn, coming to an interesting area
Similar to the BTC chart, watching ETH though this one a little cleaner with more downside potential
Looking at BTC / Bitcoin here as a potential washout for longer term move, very cautious as overall market selloff and dollar rally today. Have highlight my areas of interest to keep a closer eye, my alert was triggered today so keeping a close eye
Doing a quick breakdown of this idea as it's forming. Technical: 1 - Oversold Chart 2 - Inverse H&S pattern forming 3 - Higher low (from H&S) Fundamental: 1 - Absolutely love this project, has massive web 3.0 potential among many other things 2 - January Effect play *Definitely check this out before deciding what you are going to do, you might not like it,...
Going to break this down quickly as already covered this before. Technical: 1 - Oversold chart 2 - Inverse Head and Shoulder pattern forming 3- Volume past 3-6 months is Highest ever recorded on this stock since 2014 IPO 4 - Trend - Higher Highs and Higher lows from 2020 lows Fundamental: 1 - Blockchain Play so has serious hype potential 2 - Purchased 500...
VERY simple technical coil here, Bullish Pennant formation, broke above the downward sloping trendline and holding well so far, the chart is very bullish and what I like most about this is most people are either no longer in this or have given up hope past couple of years, these are the same people who will chase it IF it starts to grind higher and go parabolic.
This after its IPO spike a few years back has been punished by the market, however we feel now is the time (and covered on our blog many months ago) that GPRO 7.25% / GoPro 7.25% may be making a comeback, and now that they have released their new advertisement for the Hero 7 with MUCH improved specs this is a good case for a huge recovery as: 1) Coming into...
BTCUSD / Bitcoin is making a weekly falling wedge pattern which is pretty clear, it could mean a reversal is in process however we don't believe we have seen the MAX pain on the space just yet IE where everyone gives up and cuts their positions. On a number of social media platforms we have been monitoring this sentiment however and it does seem a lot have cut...
Here we have the DXY on the weekly, what we are looking for is a drive lower to push out the now 'Net Longs' and to put them offgurad and to attract short sellers into this market. Next we next to see a higher low somewhere in the regions of the highlighted area, in order to look for SHORT opportunities in the likes of: EURUSD AUDUSD GBPUSD NZDUSD OR by going...
Based on historical pricae action and data showing almost the same type of moves we have come up with these as a potential correction zone for bitcoin to hit. Of course, it could bounce hard and rally however, it ould be better for a healthy correction to be seen first. This data was based on 2012 -2016 if you take a look you can spot these very similar style moves.
X marks the spot, we are looking at this one for any short signals into next week, long term looking to target 1.12 and below especially if USD / DXY re-gains its long term bullish footing.
Head and shoulder pattern playing out, BTC is a little overextended looking right now so some balance ie a pullback / correction would be healthy to see in this market in our opinion.
A potential trade idea however due to FED rate hike potential we will sit this one out likely as volatility may be just to great and the risk is higher on this one, however this is a good one to watch and keep an eye on for June 14th 2017 US Session. Falling wedge Inverse H&S pattern (forming) Higher low (forming) Bullish MACD divergence
This is a market we are very very interested in, fundamentally and now technically price is now pointing to a much higher area in the long term. We would look at pullback's as value areas to look for long signals as you can clearly see how price is heading after its very long term consolidation period.
See our brief thesis as to why we have this on lookout.
This is one very interesting. New all time highs consistently every week the past few weeks and price is in the middle of a parabolic phase. We have no idea truthfully where price can go as we have never seen price at these levels, so the next best thing is to use Fib levels to 'guage' where price can go. We have a wild card prediction on this one as well which...
USDCHF - bullish - 1. inverse Head and Shoulders pattern 2. neckline / trendline break 3. Bullish MACD Divergence 4. massive bullish move 5. 50ema clean break 6. 200ema clean break NB - Looking for fib pullback and to par 1.000 with neckline retest
usdsgd - bullish - 1. falling wedge breakout 2. bullish macd Divergence for a few weeks 3. 50ema cleanly broken 4. 200 ema cleanly broken NB looking for: fib 0.5-.618 pullback would be ideal to look for signal.