Hello everyone I want to know what are you think about this monthly chart Please write a sentence
We have a Bullish Engulfing at the PCZ of a Bullish ABCD Near Support with Bullish Divergence on the RSI.
Hello traders and investors! Let’s take a look at SPCE again! Is it finally interesting now? Well, we’ll see. SPCE is still in a bear trend, and there’s not a single reversal sign around. We can assume SPCE is just bouncing back to its 21 ema, before it drops again. However, I agree that the recent candlesticks are looking interesting, and it gets better if we...
Before I proceed, check my previous Daily Post on Bitcoin to have an Overview of what we are working ON. on 4H we have seen a valid Trend-Line with Break-Out, I am a FAN of Consolidation Break-Out at Resistance and Support Zones. This Break-Out are important part of my STRATEGY. Okay, back to the chart, we have seen a break-out of the Downtrend and a retest of...
Hello traders and investors! Let’s update our thoughts on PLTR today! First, it defeated the $ 25.23 area we talked about last week, but only after it retested the purple trendline one more time. Now PLTR is defeating its resistances, a nd there’re no pullback/reversal signs around. The 21 ema is pointing up, and it is another support level that could hold...
Based on the chart, price have reached a major support area and a false breakout have happened. Also based on this false breakout we can conclude that there is strong demand at this area which can be good sign of buyers strength. Even more based on candlesticks, we can notice a good bullish Engulfing formed here 3 days ago while we can see no sign of sellers...
Based on the chart, price dropped on a major support area and a good rejection completed (We can see a very good bullish engulfing candle on the chart!). The rejection was so strong and it can be a good sign of buyers power at this area. Also we have to consider that we are in a uptrend situation. So based on these scenarios opened a buy position with a good risk...
Hi everyone! Today’s trading idea is on Nike (NKE)! It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next. Second, the RSI shows an advanced breakout, and this is another confirmation we have here. Third, we are near support level in the 4h chart (130.48), and NKE is doing some...
Bullish engulfing candlestick pattern at resistance turned support level. Short term target can be previous swing high.
SRMUSDT on the daily timeframe shows a rejection with a bullish engulfing candle pattern. The previous resistance area which is now a support area and is close to the long trend line from the month of December 2020. To further ensure the direction of the next price movement, it is seen that the price has formed a hidden bullish divergence using stochastic....
Price came down and formed a higher low and pumped. Bullish engulfing on daily chart, any pull back on smaller time frame will likely be setting up for continued bullish wave up towards 111.00!
XRPUSD has now printed bullish engulfing patterns on the daily (today) AND the weekly (Sunday). Could be an outrageous two weeks if it confirms by EOD tomorrow!
Bullish engulfing MACD crossover just started - Volume confirmation pending Flag pattern Flag pole length = 67 points Lower flag cost = 487 points Price target = 554/- CMP= 528/- Time target = 5 days 3rd May '21 Upper flag cloth resistance broken with Inverted hammer pattern. Watch out for tomorrow's move. NSE:PRINCEPIPE
W1 : As shown on this chart, last week price action triggered a long white candle (bullish engulfing) which neutralized the former downside risk. In addition BTC closed above the Tenkan-Sen (Conversion line) which is also a positive sign. The pivot level on this W1 time frame is @ 52'700. Indeed, as seen in the past, this area coincided at the middle of long...
The price is creating double bottom pattern . We can see the confirmation from the candlestick pattern. The candlestick created the inside bar , then it created the bullish engulfing . We can take partial profit from fib 1.272 and the last target price will be on fib 1.618 . We can put the stop loss below the swing low.
According to my analysis this going up to is resistance which is around 4.5$. Do like this post if you guys think same. Thankyou