chaser012001

chaser012001

This is another consolidating triangle although I dont really care for how abrasive the price action has been. I prefer the consolidations to be more swoopy and less spikey. That said, this still qualifies. Volume has been largely contained complete. The last spike to the top line reads as a false breakout to me which does provide some concern. That said, I...

chaser012001

The historical data on this company is pretty ugly. If you scale up to the monthly time ranges you'll see what I mean. The thing has basically been tanking since it was listed. That said, it seemed to have made a bit of a turnaround. I'm watching this consolidation pattern on the uptrend. I'm watching for it to bounce around in here for another week or so. I'll...

chaser012001

LPX has been in a very pronounced trend for a little over a year. I dont consider or range trades unless there have been at least 4 clean and easily identifiable "touches" on both ends of the trade. If they arent clean, they dont count although "close" can be counted as identified in the chart posting. I do not like the spike in volume with the mini-candle from...

chaser012001

I'm not long on everything :-) Emerson failed to hold support. Look for it to come back up to confirm support is now resistance and pursue an entry if the candles are showing bearish. The stop is above the previous block with the target down to the 618 of the last run which also appears to be a historical support area.

chaser012001

Little ascending triangle attempting to form. It appears to have had 2 touches forming the top line and coming back to validate the support incline. I'd wait to see candles represent something bullish before entering here. If an entry here is taken, plan to close out your risk at the resistance line as a breakthrough is not likely on this run up in my opinion....

chaser012001

Higher lows with attempts to break through the weekly resistance. I'll be looking at it pretty hard if price comes back to under the $261 area. Target is the next weekly resistance following the trend. If the trend is invalidated (close below the previous low on the weekly) walk away.

chaser012001

Carnival, and the cruise market in general, has taken a heck of a beating since Covid. Rightfully so given their business model is dependent on cramming people into a close quarter vessel along with carrying pretty heavy amounts of debt. It's been in a down trend losing weekly (and monthly) levels in a fairly consistent manner. However, the past 4 months or so...

chaser012001

This is probably going to be an unpopular opinion but I believe the Tesla stock is a bubble built on hype. From a fundamental perspective, up until this last year, Tesla has been losing money since it started. While the profits were pretty good, the larger, more equipped auto manufacturers are making EV's a priority which is going to eat in to Tesla's market...

chaser012001

Price had a nice move up but met strong resistance at resistance with a severe sell off. Ideally, i wanted to see a rejection here with an easier sell off telling me buyers were still strong. With as hard as the sell off was, i'm not so sure. I'm waiting for more confirmation that this short term trend is going to hold and continue to push through the resistance...

chaser012001

The support area is a no trade zone for me on this because it could go either way. Regardless of direction, i'm looking for a break and retest with decent targets indicated.

chaser012001

1inch has found support at a daily level and created a nice higher low indicating that buyers are in control. I did not get in on the low so i'm waiting for a break and retest of the next resistance level. Alternatively, we could see a rejection at the resistance level with another retracement. This could serve as a decent entry point if it jives with the...

chaser012001

Link formed a nice double bottom the last time it was in this area that then created a strong push up. We've since seen it form a bit of a flag on this daily retracement which seems to have found a bottom at the resistance turned support of the double bottom. Risky entry -- at the daily support that it's sitting now. The stop would have to be under the...

chaser012001

XVSbtc has a pretty good run and has been in a nice mark down phase. We had a good daily rejection on support telling me the buyers are strong. I'm watching for 1 of 2 things to take an entry: 1) A decidedly bullish candle on this daily support area or on the pivot point in the 4hr timeframe (maybe if i notice it). A candle like a hammer or a bullish engulfing...

chaser012001 Updated 

I've been watching this for awhile now. It's been channeling here for a week or so. I've been keeping an eye to see if this was a distribution cycle or if it was accumulating for another run. It's broken the resistance line and came down for a nice retest giving me confidence its ready to move. Given that its in price discovery at this point, the targets are fib...

chaser012001 Updated 

Another breakout i've been watching. Linkusdt has found its way in to a nice little choke point. While the buyers appear strong and the sellers are weakening, btc setting up for a potential retrace has me a bit skittish. Therefor, I would be waiting for price to push up over 27 and look for an entry on the retest. This could be accomplished with a buy stop if it...

chaser012001

This is one i've been stalking for some time as well. DOT had a nice run up and met resistance pretty darn close to the ATH where it was rejected. It made another attempt building one of my favorite patterns to trade. Three ways to play it: 1) Take a position around the current area if it fits your trade plan. This is the riskier entry but higher RR...

chaser012001

Two solid tests of the daily resistance line which is more likely a weekly resistance. Higher lows pushing up in to the resistance shows buyers are there. I do not like entering within chart patterns since it's hard to determine who is really in charge. However, seeing as this is up against an ATH, a 0.5% risked position seemed warranted. If there is a break and...

chaser012001 Updated 

Kava looks to be setting up for a breakout. Two ways to play it... 1) try to enter now keeping a stop under the support line that can be seen under the angle of the triangle (risky play as this could just start channeling although i dont think so 2) Wait until it breaks out of the pattern and get in on the retest of the resistance now turned support. Stop would be...