I have very strong conviction that Gold would be bullish. Please find below the detailed analysis. Bullish 1:3 White soldiers on the on 4 hour time interval 2:Bullish engulfing on a daily time 3:Trend line broken 4:Strong resistance on a monthly support of 1756 5:Falling Wedge 6: No bearish Divergence 7:80% bullish in last 5 years for the month of December Plan...
A bullish momentum is accumulating on the pair and based on the technical indicators it makes me bullish biased, and, I am considering a long based on the below points. Best of Luck. Bullish 1:Higher High and Higher Lows 2:Bullish Engulfing Candle on the daily chart 3: 3white Soldiers on a 4 hourly chart 4:Cup and Handle formation 5:Strong Weekly support at...
Bullish 1:Strong Weekly Support at 2.829 2:Strong Daily Support at 3.199 3: Fib Retracement from 0.8 4:Inverted Hammer Bearish 1:Lower High and Lower Low 2:Daily Resistance at 3.66 Plan A Buy At the current Price Tp 1 would be the daily support level of 3.89 Tp 2 would be 4.319 Stop Loss is 3.19 Plan A1 Buy if it breaks the daily resistance of 3.40 Tp 1 would...
I have made this trend by using the Dow theory and put my stop loss and take profit after analysing the candle pattern along with the support and resistance. If you look at XRP it's previous structure , it's similar to where we are right now. Previous structure broke out more than 200% so I am expecting it again as long as it maintains the trend. I have put the...
I have used Dow theory in making this trend and got the best entry by using support and resistance levels along with the candle patterns. Take Profit 1: 0.91095. and TP2 0.91026
I have used the DOW THEORY CONCEPT in picking the trend and using the candle stick pattern for the best entry . I have taken a small position after accessing a 3 white soldier pattern in the candles on 1 hour interval. I will take the 2nd entry on the Higher Low.
I have used Dow theory along with the candle pattern in this idea. It is in a bullish trend. I have also placed a tight stop loss on the previous Higher Low.
Morgan Stanley has recently upgraded the price target to $25 and are expecting it to grow 150% over the next 2 years. Strong earnings are also expected which will be published this week. I have taken the trend by using the simple Dow theory.
Using Dow theory in this prediction . You can see from the chart it meets the requirements of a bullish trend according to the Dow theory.
I have a reason to believe this coin will be in a bullish trend. I have invested a part of my portfolio in this trade and secured my investment with a tight stop loss.