Hello Friends, As we can see in the chart MetaStrike is in good consolidation. If the overall market turns bullish then there is a high probability that MTS will give a breakout. Do share your opinion in the comment section.
A symmetrical triangle is forming in PDN. We have made the bottom side of this triangle, and it looks like the price is returning now to the upper side. Around quotes of 0.98 AUD should the upper border of the triangle be touched. After breaking the triangle pattern at this point or later, the bullish trend in Paladin Energy Ltd. should continue.
* Great earnings * Strong up trend in the long term * High 3-month relative strength of 1.08 in the Basic Materials sector * Pays out dividends * Breaking out of a ~7 month base with higher than average volume * Broke out earlier but due to current market conditions it did have a slight pull back and now is breaking out once again. * It did, in the recent months,...
* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area. * Since then it has moved higher and began to consolidate forming a base on base pattern. * It recently had a pullback to the previous base resistance and used it as support to bounce back. * And it also held up very well during the general market correction. * Great...
* Good earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a base on base pattern * The upper base was constructed over 6 weeks * Breaking out with a lot of volume (130.2% above the 15 day average) * The Real Estate sector has been consolidating in a very tight range for the past several weeks and is showing...
Having rejected the 0 point on the Auto Fib 3 times and also being at a as of recent,frequent,major “Buy” area my bias is that Gold is going to buy up 1840.. Reasoning behind this is recent bullish trends that brought us all the way up 1878 about 2 weeks ago. Last week was a strong Market reset ..this week we will see that continuation UP towards 1840 otw to 1900. ~~RY
Artroniq has been in consolidation stage for a very long time. Although price and volume looks quite promising today, 0.435 is the price to beat with increase in volume. Otherwise, it should keep moving within the range again. Let's see if this will be a successful breakout play or back to consolidation again.
* Good earnings * Steady up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~9 month consolidation with higher than average volume * Has been testing broken resistance as support for the past 5 days * Maximum probable ROI is 22.38% if the trade goes in our favor Trade Idea: * Now's a great time to enter as the price is really...
* Great earnings year-over-year * Very strong up trend * High 3-month relative strength in the Industrial sector * Was in a ~7 month consolidation * Recent earnings caused a break away gap and a tight range for 3 weeks * This created a base on base pattern * Breaking out of a very tight 3 week consolidation of 2.49% with higher than average volume Trade Idea: *...
* Exceptional earnings year-over-year * Very strong up trend * Incredible 3-month relative strength in the Healthcare sector * The day of the earnings report we saw an incredible rally * Before breaking out, was consolidating for about 6 months * Consolidated for 3 weeks in a tight range of 3.82% * Created a base on top of base pattern * Breaking out of the 3...
* Exceptional earnings year-over-year * Very strong up trend * Looking to break out of a ~2 month consolidation Trade Idea: * Look for a daily break and close above $304.20 before entering. * Make sure that the break is with higher than average volume
* General up trend * Breaking out of a 2 month IPO base * First broke the 30.40 level and turned it to support. Then broke the 31.13 level and has been testing it as support for the past 6 days. * High relative strength; relative to the real estate market. * Breaking out with higher than average volume * Still close to the broken level.. Great time to buy
* Excellent earnings year over year * Strong up trend since inception * Consolidated for about a month before breaking resistance in August and using it as support * Consolidated for about another month continuing to use $254 as support * Looking to move higher as volume is coming in and testing $259 as support
Binance is the talk of the town and is trading near its all-time highs fueled by ~$595 Mn token burn and its conviction to reduce its current circulating supply to 100 Million has motivated market participants to price it a premium valuation. The insignificant growth of the DeFi protocols on Binance smart chain has also contributed for pushing the BNB price...
0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 173 Mn at the time of writing, up~49% in the past 24 hours. Key levels to watch out:- On Hourly Time Frame, ZRX has been consolidating between $2.32 and $2.2 . It looks adamant to give the breakout from the range to reach the...
Currently we have experienced a long term consolidation of the range lows. This consolidation has had a breakout towards the upside. We are now retesting the new support line which also has aligned nicely to the 0.702 fib which is the bottom of my buy zone. I DO NOT expect us to hit this fib level however regardless if we do hit it, I expect a nice bounce from...
We're able to see that prices broke out of the major descending trendline and made an immediate higher swing high. The entry was made when the previous H1 candle made a higher high higher close candle and we're looking to take profit at the next resistance zone.
EURCAD currently is still at a descending channel. We can expect a bullish scenario if ever it breaks out it resistance. But be cautious not to be predictive but rather reactive. As it now approaches the resistance, it may do three things and reacct to the significant level Breakout - which is a bullish confirmation, but watch out for false breakouts. A breakout...