lbrina

lbrina

Hello traders, Two triangles have been forming recently: the first one since March 8th around 1400 EUR, and the second one since March 9. The former is a symmetrical triangle, while the latter is a flat bottom triangle. As chart displays, the former is not that clear, while the flat bottomed (drawn in blue) is more evident. In terms of pricing, considering the...

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Bad news for those of us who were expecting an immediate rebound. A symmetric triangle (blue triangle) has forming since February 23rd, with base around 1253 EUR and top at 1423 EUR. It's final confirmation would be when rebounding at 1309 - 1314 EUR. Depending on the way you consider its height, the expected drop would be around 1145 EUR. In addition, a flat...

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After a discrete recovery from it's recent correction, ETHEUR formed and confirmed a rising wedge with a tip on 1328 EUR and a confirmation rebound on 1300 EUR. Depending the height of the wedge you'd consider, the drop would reach 1200 to 1140 EUR. It would be reasonable to set a stop loss on 1365 EUR if the figure is wrong!

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Hello traders, We're again near the latest ATH, as BTCUSD and ETHUSD. In the case of ETHEUR, the psychological resistance would be 1600 EUR. As described on previous analysis, the flat top triangle (blue) which goes from mid January to early February would signal that prices would go up to 1613 EUR. However, a really disturbing ascending wedge (red polyline) has...

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Hello traders, After a brief correction, ETHEUR is back on its ascending rally. Right now chart is forming a flat top triangle (blue outline triangle). As can be noticed, its height signals the price range, which is around 1500 EUR (thus, it will test again that price). Momentum, MACD histogram and KDJ in the 2h timeframe are below underbought levels, so even if...

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Hello traders, The bullish trend isn't over yet, so unless you're an intraday trader, don't panic. The latest ATH at 1510 EUR signals the exhaustion of the flat top triangle (B, orange) formed between January 19th and February 2nd. However, one must consider that some traders would picture a larger flat top triangle (A, blue) formed between January 10th to...

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Hello traders, After an agressive correction, ETHEUR is back on its (bullish) track. Right now it is forming a little flat top triangle noticeable on the 5 minutes timeframe. As the price range taken from the base to the top of the triangle shows, we can expect prices to reach at least 1462 EUR, and a new ATH between the previous 1470 EUR and 1500 EUR. Don't...

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Hello traders, In the last few hours ETHEUR has been forming a flat top triangle, being its resistance its most recent ATH around 1394 - 1410 EUR. The height of this triangle coincides with the height of part of the larger one formed between January 19 and February 2. As shown, prices are expected to mark a new ATH around 1510 - 1531 EUR.

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Hello traders, I hope you're doing well. Apparently a downward channel is being formed, as suggested by the grey polyline. After testing again the resistance at 1381 EUR, we might expect a retracement up to the area signaled by the purple rectangle (Fib 0,618 and 0,50). As you can notice, KDJ signals overbought, momentum is decreasing, and MACD histogram has...

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Hello traders, Flat top triangle is reaching its last stage, and we all expect it to burst upon its resistance on 1210 EUR. Here are some pricing scenarios for the next days: 01. On short term, prices will rise up to 1263 - 1278 EUR, based on a inverted head and shoulders which can be identified between January 25 and 29, 2h timeframe. 02. From there, price will...

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Considering that the main pattern, namely the flat top triangle, is being put into question after weird recent price movements, I've notices that, due to the symmetry of highs and lows, we might be in presence of a reversal pattern dubbed 'inverted head and shoulders'. Notice that volume decreases on each correction and increases progressively on each new high

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A flat top triangle (polyline) forming since January 19 is on its last stage, presenting a potential uprise of about 28% (1522 EUR as target). In a shorter timespan, a symmetrical triangle forming since January 29 could pull prices up to 1240 EUR. Momentum, MACD histogram and KDJ are quite low and rising right now, so I don't expect prices to go lower than 1083 EUR.

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Apart form the surely artificial rally from late July 2020, TGLT is describing a perfectly symmetrical figure, which begins from January 2020. What is it? I don't know: maybe some kind of reversal double-headed & shoulders... If so, would price sink up to ARS 5,00? Better wait no confirmation!

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Inversiones y Representaciones Sociedad Anónima (IRSA) formando un triangulo descendente, con base en los ARS 43, y objetivo de precios en el soporte de ARS 38,50. la figura se confirma con la caida en volumen de operaciones, asi como también la tendencia del histograma MACD y la debilidad del Demand Index

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Banco Macro SA (BCBA: BMA) is about to complete an ascending wedge formation. From its current ARS 253, its target is most likely to be between ARS 239 and ARS 234, as several support contacts have been tested there.

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San Miguel S.A (SAMI) Is about to confirm a head and shoulders formation. After a tremendous price sinking, the only way now is upwards, but not that up: With some luck prices will recover up to ARS 142 before decreasing up to who knows at which price.

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Today Ternium Argentina (TXAR) began its way up towards its next resistance within its wedge, located around ARS 35. It can be noticed a substantial difference between selling and buying volume, being the former the most significant. Stoch RSI is 5/10, MACD is still depicting a downwards trend, and Momentum has reached its lowest level since COVID-19 market...

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The chart analyses the current trend of BMA (Banco Macro SA), taking into account MACD, Stoch RSI, and Momentum. The stock is thriving to reach to its next price milestone around ARS 256. As noticed by the green circles, the stock tried to set a new baseline on this value: May 12, March 05, and December 19 of 2019, and today July 13. However, indicators show more...