I recommend anyone in a short to atleast take some profits right now as the drop in price is becoming unsustainable. Especialy if you look at the future of the ichimoku lines you can clearly see a long flat Kijun-Sen. These flat Kijun-Sen lines usualy attract price very well. Bullish candle is already forming on the daily chart and I only expect it to increase. We...
EOS coin saw a reversal bounce back from the 2022 year’s low and has gained nearly 35% of its value since last week. The EOS coin is observing a retracement phase today near the 100-day moving average in terms of the daily price chart. On March 16, the EOS token showed a bullish signal by breaking above the 20-day EMA in the context of the daily price chart. So...
In volatile markets like current times, strong stocks display some characterstics which make them attractive to buy with low risk and high reward. When broader markets takes short upturn, these stocks break out of large bases with significant buying volume. Also, when broder markets taken short downturn, these stocks pulls back to retest the support level which...
* Okay earnings * Strong up trend since 2019 * Sector: Industrials - Trucking * Relative Strength vs. Sector: 13.48 * Relative Strength vs. SP500: 12.37 * U/D Ratio: 1.21 * Base Depth: 39.33% * Distance from breakout buy point: 0.34% * Volume 24.81% above its 15 day average * Created a base on base pattern * Was trading in a tight range earlier before the...
* Excellent earnings * Very strong up trend on the longer time frame * Breaking out of a 15 month base * Sector: Technology - Software - Application * Relative Strength vs. Sector: 3.81 * Relative Strength vs. SP500: 10.48 * U/D Ratio: 1.95 * Base Depth: 25.82% * Distance from breakout buy point: 1.75% * Volume 13.76% above its 15 day avg. Trade Idea: * You can...
Pullback in downward trend. This trend is not only short term down but in the very longer term we in a channel downwards. I expect this trade to go very well. Stop right above slow Kijun-Sen and past fast Kijun-Sen line, right in the cloud, this should be a very strong resistance level. Take profit at 2X stop loss.
LKE looks to be coming back to the 1.10 ish mark and if it does a decent trade is going to present. Looking to buy the pullback of the breakout line.
The price got a rejection from the supply zone as I told you on the previous analysis. On the daily timeframe, we can see a resistance exactly on 41800$. On the lower timeframe, the price is testing the previous support area. The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new...
The price had a very nice green candle from the 0.618 Fibonacci level on the daily timeframe and from the dynamic support. At the moment the price is testing the old resistance where the price has a supply zone. We could see a rejection until the previous weekly resistance on 40500$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. ...
Look for the beginning of a pullback. Any break of the trendline could be a good sign that a large pullback is on the way. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
The price had a nice bull run until 97$ on 1.13 Fibonacci level. On the daily timeframe, the price lost the 88$ support. on the 4h timeframe, the price could retest the 78$ thee weely support after a retest of the previous daily support now the new resistance around 87-89$ where the price finds the 0.618 Fibonacci level. How to approach? we will expect a retest...
The price got a rejection from 45-46k zone from the weekly resistance and created a double top on in. At the moment the price is testing the last daily support on 38500 before the weekly one on 34k On the 4 timeframe, the price is trying to have a bounce on that area, so we could see a retest on 40k in the next few days –––– Keep in mind. 🟣 Purple structure...
The price got a rejection from the 3k area on the weekly resistance failed to have a breakout from the dynamic daily resistance. After the breakout of the daily support on 2800, the market retest the 4h support as new resistance on 2750$ Now the market is trying to hold the previous daily support. We could see a pullback until the previous 4h resistance around...
The price is testing important daily support on 0.40$ where the price bounced several times in the past. On the 4h timeframe, the price is trying to create a double bottom on it, after a rejection from 0.42$ as new resistance. How to approach? We will expect a pullback until the previous support now new resistance on 0.42$ and 0.5 Fibonacci level. –––– Keep in...
The price got a rejection from the monthly resistance on 1.7$. If you look at the upper chart you can see how the price got rejections in the past, it means that this resistance is very strong. The price is trying to hold the 1.5$ daily support. On 4h Timeframe, the price could a pullback until the 0.5- 0.618 Fibonacci level –––– Keep in mind. 🟣 Purple...
The price is testing the Daily support on the 0.618 Fibonacci level as I told in my previous analysis. We Could see a pullback on the previous 4h support now new resistance around 43k. As you can see the 40k is a key level, if the price is going to lose it and retest as new resistance we could see a bearish impulse until the 34k How to approach? In a short...
The price got a rejection from the weekly resistance on 3050$ and lost the daily support on 2900$ as well. on the 4h timeframe, the price is testing the daily support on 2730$ where the price could get a liquidity for a new pullback on 2800$ How to approach? In the short term, we could see a pullback on the previous support now new resistance. According to...
The price is testing the 4h structures after a rejection from the 4h dynamic resistance. We could see a pullback on previous support now new resistance. How to approach? If the price is going to lose the current support and retest as new resistance According to Plancton's strategy , we can set a nice order the scenario is invalidated if the price is going to...