In my most recent BTC analysis I talked about the rising wedge pattern that was formed and my bearish short-term view on the market. Both targets have been hit, with 27,200 marking the bottom area. Congratulations if you took the trade! Bitcoin is currently oversold at the longer time frames like the 4H and 8H. Consequently, I'm expecting some kind of bounce in...
In my most recent BTC analysis I talked about the rising wedge pattern, where BTC broke out off. My initial expectation was that we'd fall further, but we saw a retest of the bottom support before going down again. This is bearish. Breaking out and retesting the previous support/resistance is generally seen as confirmation in the shift in trend. I'm looking...
- UAL is in a rising trend channel in the medium long term. - The stock has broken a double bottom formation. - A decisive break of the resistance at 44.25 will signal a rise to 47.11 or more. - The stock has marginally broken up through resistance at 46.00. - An established break predicts a further rise. - Overall assessed as technically positive for the medium...
Over the course of the last few weeks, BTC has been trading very bullish. However, a rising wedge pattern might cause a minor correction in the near future. This might be the 4th leg of my Elliot Wave pattern analysis below. If we can close the day below the support, I'm expecting further selling. Targets in blue. Note that I think that there's still more gains...
- V is in a rising trend channel in the medium long term. - The stock has broken up through resistance at 231. - The short term momentum of the stock is strongly positive, with RSI above 70. - However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. - The stock is overall assessed...
I honestly think the last big dip was a bit of manipulation. If you draw a bottom line disregarding it we are still in a rising wedge.
- UBER is in a rising trend channel in the medium long term. - The price has reacted back after the break of the rectangle formation. - There is support around 29.76, which now indicates good buying opportunities. - The stock has broken down through support at 31.60. - RSI diverges positively against the price, which indicates a possibility for a reaction up. -...
- BTC is in a rising trend channel in the medium long term. - There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 25000. - RSI diverges negatively against the price, which indicates danger of a reaction downwards. - Overall assessed as technically positive for the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDCAD is has been overall bullish trading inside the fat rising red wedgel, and it is currently sitting around the lower red trendline. So we will be looking for buy setups on lower timeframes. Moreover, the green zone is a strong support. 🏹 So the highlighted purple...
- SHOP is in a rising trend channel in the medium long term. - An inverse head and shoulders formation is under development. - A decisive break of the resistance at 57.16, ideally with an increase in volume, signals a further rise. - SHOP has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 44. - SHOP ...
- ORCL shows strong development within a rising trend channel in the medium long term. - It also gave positive signal from the double bottom formation at the break up through the resistance at 79.52. - Further rise to 96.32 or more is signaled. - ORCL has broken a resistance level in the short term and given a positive signal for the short-term trading range. -...
MATIC has been trading inside this rising wedge for nearly a year now. Rising wedge are classically bearish, so the assumption is that we break out bearish in the future. However, we can very well bounce from the current resistance. In case we get a decent reversal candle, I look at the top resistance as my initial target. In case we fall through the support and...
The fed's report came as "boring" and "predictable", and Bitcoin traders were like, it is OK for now. Let's take a little break (This is HEALTHY like I said before). Lots of people are shorting now btw, but it won't last for long. Triggering news is coming soon (If you know me, you know I use astrology to predict the future). Follow me to know when you should...
Looks like a solid rising wedge forming here lets see how it plays out!
- SQ is in a rising trend channel in the medium long term. - SQ is moving within a rectangle formation between support at 44 and resistance at 90. - A decisive break through one of these levels indicates the new direction for the stock. - The price has reacted back after the break of the double bottom formation. - There is support around 71.5, which now indicates...
- ON is in a rising trend channel in the medium long term. - This signals increasing optimism among investors and indicates continued rise. - ON is testing support at 75. - This could give a positive reaction, but a downward breakthrough of 75 means a negative signal. - The stock is assessed as technically positive for the medium long term.
It’s still the same idea as before, just updated. It’s a micro rising wedge / right before parallels Short here - stoploss above yellow