CNR is in a long-term inverse head and shoulders, best time to buy it was yesterday and the second best time to buy it is today so get in while the train is slow enough to jump on. Nobody knows if their deal with KSU is going through but who cares either way this company is a staple to the Canadian economy. I can hold this for a a half-century confidently.
This is a unpopular opinion but I believe Intel is setting up for a surge. Fundamental Points: - Intel just released news on their next-gen Tiger Lake processors and Xe graphics which are an answer to their rival AMD Ryzen - Intel's P/E ratio is 8.87 compared to AMD's P/E ratio of 150.51 (of course this alone doesn't constitute a cheap stock) - Earnings: were...
$BTC is currently in an ascending triangle with an RSI showing bullish divergence. Breakout is inevitable in my opinion and the next stop is $14,000. Closing $ETH position today in order to capitalize on the upcoming out performance of $BTC in regards to altcoins.
Profits taken on the 14th @ $440 were used to purchase at these levels here @ $415. A bull flag is now forming on the 1H so I expect a nice continuation upward to our target of $480 then $540. For original idea please see:
Ethereum is currently trading within a bull flag and a breakout on top would see next major resistance at $545 (42% upside from current levels) which is the 61.80% fib level. Supporting evidence: - Bull flag pattern - RSI bullish divergence - MACD bullish divergence - Volume analysis - take a look at volume on the top and bottom price action of the...
I am using the SPX as it is one of the best indices for overall market analysis though various other equity charts and even Gold support the short-term future. Technically speaking the S&P 500 (market) is oversold and will require a retrace back to the 30 RSI level for a complete bear cycle that we saw begin in Q4 2018. - This is apparent via RSI indicator as...
Judgement day is upon us for BTCUSDT! This is my layout with the use of Ichimoku suggesting a drastic price action movement soon. I will also post a chart of my EMA, volume, RSI, and MACD supporting my observation. I will keep this chart updated regularly for anyone that follows and is interested on getting notified where we are headed ASAP. Thanks traders and...
Judgement day is upon us for BTCUSDT! This is my layout with the use of EMA, volume, RSI, and MACD suggesting a drastic price action movement soon. I will also post a chart of my ichimoku analysis supporting my obvservations. I will keep this chart updated regularly for anyone that follows and is interested on getting notified where we are headed ASAP. Thanks...
Either pump or dump from a position here will update you guys when there is action :)
Predicting a price of around $17.4USDT / BNB we got a W pattern forming (second of the day :D) Good luck traders!
I believe we can see a push higher to $7,800USD level then a retracement down our short-term channel to above $7,000USD support. Once there, a retest of the resistance at $8,500USD. Good luck trading!
Short-term Target: $10,000 Proof is in the pudding and by pudding I mean the chart :D
Bitcoin just recently broke our orange channel and is looking short-term bullish with an expected pullback to $8,500USDT or worst-case scenario $7,700USDT. Pulling back here would verify a 4th wave completion and I believe a 5th wave would lead us to $10,000USDT or higher. We will then rethink our strategy when/if we get there. Happy trading!
EOS is approaching the end of a descending triangle. If you missed the pump just recently stay tuned for some buying opportunity in the coming weeks.
This is my first post! I am studying the Wyckoff trading method with various indicators and also Elliot Wave Principle and I believe this is what we can see for Bitcoin's next steps in the beginning of a bullish market. The chart is pretty self-explanatory and highlights the expected 4th wave incoming with an expected 5th wave to reach just over $10,000USDT. I...