OCEANUSDT recently went through an accumulation phase, which took place between the price levels of 0.2982 and 0.1163. After a period of consolidation, the price eventually broke out of this accumulation range and experienced a significant distribution phase. Currently, the price of OCEANUSDT is testing the weekly support level at around $0.41. This level is a...
The GBP/JPY pair displayed selling pressure during the later part of last week's trading session to retest the temporary bullish trendline in the 4H timeframe. Is the price going to respect or break down the bullish trendline this week? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk...
This is a follow-up detail on the USDJPY that was published 2 days ago (see link below for reference purposes) where we were expecting the price to retrace to a minimum of 129.1 but It appears the price is finding it difficult to break the support level at 129.500 which shall become our new demand zone if this level continues to hold price action. In this regard,...
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.
Looks like KUCOIN:FLYUSDT is ready for trend reversal. I am expecting 300% return after FLY gives breakout from more than 100 days long consolidation. It may move side ways for couple of weeks before breakout, be patient. Follow us for related analysis.
Consolidation until October 18 and see what happens with the Evergrande problem
Clear consolidation over the past 4-5 months even after the merger, decent spread between support and resistance as well. Putting some money to trade the range.
Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break. Now that volume is slowing down, it seems like INVH is in consolidation mode again. Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support. Thoughts: * Volume is relatively...
Current pattern resembles a spike and ledge consolidation pattern which can go either direction. I lean towards using it for reversal trades but it can also be a continuation pattern. What's interesting here is that the ledge structure is an ascending triangle. If this is confusing other traders like it is confusing me, we might see more trading range price action...
The bitcoin price has potentially shown us some new levels for support and resistance levels We've found support off a multi week trend line which seems to give us new parameters for the consolidation pattern in play, possibly indicating a prolonged consolidation. This will allow the 20 week moving average to catch up and potentially suppress volatility on a...
A bit of momentum on the bulls side might finally push the price higher and out of this descending broadening wedge. A confirmed break opens up a run to new ATH and into price discovery mode.
Strong pullbacks always have at least 2 legs so I think here it is finally. Recent lows need to hold for the bulls and need to break for the bears. I have 33,000 as a support, followed by 30,700 (previous bounce area--- check 4HR Chart below).
CRM has consolidated for almost 3 weeks, after gapping down on the news it had acquired Slack (WORK). Risk reward ratio is around 3. A potential test of the pre-gap candle lows might be in place before attempting to reach the 50sma, and subsequently the top of the gap. OBV line has tested and is now respecting the line that was made before the gap higher.
QRVO recently had a huge High Frequency Trader gap after a compression consolidation pattern. The stock continues to move up with Volume Weighted Average Price orders due to Smaller Funds buying after the gap.
JBHT recently formed a resting day consolidation pattern at a resistance high. The stock moved with Professional Traders momentum out of a minor correction.
Bitcoin is further consolidating in a tight range today. The immediate pattern it draws is a bull pennant, but the entire structure can also be seen as a another bear flag. A daily close above the bull pennant structure would be considered bullish, a daily close below 6.4k would be considered bearish. The red rectangles are areas of major resistance. I assume that...
Reliance Industries Trading technical call for short term CMP: 940, Closing Based SL 899, Targets 970 985 998 For educational purpose only