COINBASE direction, irrespective of the crypto market movement. Price might break at point 1 or point 2 for continuation to the upside. Point of ultimatum to go long or short on the 1st week of October, probably on the 5th or 6th. If it breaks down at the bottom trendline, expect to go down back to 260 ish levels.
Facebook has been consolidating for the past few months, showing lower highs since September 2020. It is a troubled company last year facing lots of scrutinises from the gov. However, if we look at the bigger picture, it has bounced a few times on the 200MA (disregard the March 2020 whole market correction). We might be looking at a great long run if the price...
PLTR has been consolidating since late November before spiking up late January due to it trending in r/wallsreetbets. This probably leads to many retail investors started to look into PLTR business, and I believe some also considered taking long positions in between 35 - 40ish price area. However quite a number of investors are also contemplating as it is nears...
When O'Neil first discovered the Cup & Handle, he didn't mention that the Cup needs to be a fine bone China or a 99.9% symmetrical, cheap melamine cup. Given the imperfections, this cup must have been hand-made and of high value rather than the factory mass-produced symmetrical melamine (which many of you folks are used to). Here I give you an authentic bone...
TSLA price has broken out from a 6-months ranging inside a descending channel. On top of that, price has steadily climbed along SMA20 and made a bullish cross over SMA50. This had given further confirmation on a new uptrend which started in early June. Taking the price level at early June as the swing point low stoploss, this trade would give a decent risk...
A beautiful cup and handle, and a beautiful flag, omg.
NVDA has formed a perfect double bottom on the weekly and daily TF. Semiconductors are performing well after truce between US-China trade wars. Enter at current price for a nice 1:3 risk-reward ratio, or wait further retracement towards major support of 120 for a much bigger risk-reward. TAYOR
Here is a chance to short the obvious for a 300 pips target. CADJPY has been following the same wave/pattern/channel for quite some time. Its a no brainer to short this as the odds of it going south for 300 pips is very high. But if things go the opposite direction then its very unfortunate for us, as there is no reason for it to behave differently this time around.
Straight after completing ABC correction, GBPJPY entered a triangle and broke the support afterwards. From this level, you can see a potential 700 pips shorting opportunity towards the bottom of a longer period descending channel.
EURJPY is entering a kind of ascending wedge pattern. Target profit of around 100-120 pips for now. Always Keep It Sweet n Simple, KISS. Just embrace the most obvious pattern, while maintaining a good risk management. EURJPY has been doing lower highs and lower lows for quite some time, and the next big trend will be established only after breaking either...
Price have broken down B leg of ABC correction for a potential 1000 over pips opportunity. Current entry price also shows a nice 1:2 risk and reward ratio.
ADBE just had a positive ER for this quarter. This stock gapped up after earning report, filled the gap a few days later as a result of profit taking. ADBE has managed to hold above resistance-turned-support line in the mid of bloody red market after Trump's China Tariff tweet. It will most probably bounce higher for the next few weeks.
AUDNZD is on the verge of completing wave B correction and heading for a 400 pips wave C correction.
Upper Descending channel have been broken after a few tries, and going for a return move (finding back the upper channel line as a support). Aggressive traders can wait till it bounces back on the upper channel, and long term buyers can start accumulating from here before adding more later once the price movement is confirmed. Stochastics shows that it is...