After a prolonged fall, OMG reached the global support zone on which it resisted and formed a double bottom. Now we see the movement up the ascending channel, as well as the figure of the wedge. At the moment we can expect a correction to the movement to 0.786 Fibo level with the subsequent increase to the upper border of the wedge 0.618 level of Fibo. When it...
Recently, DASH has been growing steadily, but against the backdrop of a growing dominance of the BTC, we can see the asset correction at 0.382 and 0.618 Fibonacci levels. If we break through the current level of resistance, it's the channel of the downtrend, there will be the possibility of movement for further upward movement to the next resistance #2
One coin that stands out durring these crazy times are ETC. Ethereum has had a ATH of 1280$ (BITFINEX) and yesterday we saw a crazy pump into ETC, but due to BTC crash ETC had to go back to sleep. This coin has been the victim of alot of FUD. Its a fork of Ethereum. ETC has a great team and a great vision, but there are problems. Lets ETH implements POS. That...
LLOYDS BANKING GROUP has developed a strong uptrend. This uptrend is likely to continue.
It is a well-capitalised company and has positive analyst ratings.
Recently it has broken the long-term downtrend.
The beginning of October saw Gold making a bearish break of the descending triangle following positive data from the US to support a December rate hike. Since then, Gold has slowly retraced and is now hovering around the 200 day moving average. As India begins its Diwali festival and continues through the wedding season, Gold demand is expected to increase. Along...
Buyer optimism and momentum meeting strong resistance.
Shorting the bounce off major level, back towards the 10400.
Along with the stochastic levels rapidly approaching overbought,
thus confirming further my position when this level is approached.
a triple top formation seems to be forming on a longer time scale possibly this pattern leading to a large...
I will be watching this pair as I see Bullish Momentum on higher time frames.
We are currently trading near the 78.6 Retracement level on the Monthly timeframe.
Here on a lower time frame, I see it wants to break our down trend structure.
If we get a Break of Trend on the Daily, Ill be ready to go long!
HAPPY TRADING
Potential entry: watch until price rebound from the channel edge and pull back to 10255.29
SL 10447.01
Target 9919.58
In case price break the SL you can go long because there is a strong support at 10858.54
But somehow the chances are bearish and the price is above the 20,50 and 100 EMA so it is somehow in oversold state.
Trade with care. Thanks
Since early November, the EURUSD kept observing descending trend-channel formation that favors the pair's downside. On Wednesday, the pair rose to 1.0630 mark but weaker that expected CPI reading pulled it back, indicating 1.0550 re-test, breaking which the channel support, near 1.0500 round figure mark becomes important for the pair traders.
On the upside,...
USOIL is currently trading within a descending triangle formation which is a bearish indicator. In this case, it is ideal to trade the break to the downside, as opposed to a symmetrical triangle which has two implications.
Key support of the triangle lies at $43.75 and in the case price breaks to the downside, price may likely push down further and targets lie at...
In the end of August of 2014, Tesla completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA...
Recently with Tesla, Positive news has been ignored and negative news has been exaggerated. This irrational pessimism, combined with high short interest might indicate a rapid momentum upwards swing is in order. This is especially true if Tesla chooses to announce their CPO program or their stationary storage product soon.
