Nasdaq had hit our first two short targets posted a week ago. Now it is breaking what was old resistance and was holding yesterday as support. 1. If this old support once again becomes resistance then we will open an additional position as the one shown on the right. 2. If the PA is unclear we will let the current position go until it reaches our original tp...
This is how the trade is sized up. WE posted this around a week ago stating that we would enter upon breakout, which we did at $31.3, and now are showing you further variables and the targets along with a SL
UHS has developed bullish divergence at a key point forming the third rising valley. Trade has stop below this valley as if it goes lower the whole argument is defeated.
GRT presents a great structure on the daily with a break of the trendline and the formation of a clear head and shoulders. First target: 14.6c Second target: 17c The weekly also shows a promising formation that if it plays out would bring GRT to 50CENTS.
The best looking Alt-coin right now is BAND. It has a clear stop loss and has shown great strength to get above a historical support. Below you can see the trade and it's reasoning:
BTC has just perfectly held the level we have mentioned 1000s of times - 28'800 - and now looks to head towards the previously held support. We are looking for Bitcoin to break above and backtest it as support before heading to the next resistance. Btc is also showing classic bullish divergence on the 4h and Daily MacD.
DASH falling wedge preparing for breakout. We will keep an eye on this and look to long a breakout to the 40$ mark that represents a key historical support.
The DXY has essentially been moving sideways for half a year, it will commit to a major move soon and I think the the red support box marked by my, very well drawn, X will be it's giveaway. What I give the higher probability of happening to is a backtest of the aforementioned box as support before a greater move up. It would also have to break out of the...
Shorting nasdaq now. CLEAR BEARISH PA. Only stopping the trade with a CANDLE CLOSE and CONFIRMATION ABOVE THE STOP LOSS. Nasdaq tends to wick above areas like this so we will not exit trade at a price.
KSM broke out a few weeks ago before coming back down and breaking out today. This gives us the perfect low risk trade opportunity.
UA has the best possible set up you could ask for. I am in this from the entry point on the trade and will add if this support holds... I know I should've posted it earlier. A double bottom at a critical level completing the typr two return of the bullish cypher. Along with this showing bullish divergence. On top of this the weekly looks AMAZING . It...
Clear trade set up. Break of downward trend line and key support, backtest of key old support, and formation of an inverse head and shoulders. Targets are set.
Apple is currently at the top of a rising wedge and has developed three counts of bearish divergence on the daily time frame. It has also completed a bearish cypher reaching the 0.786 on what seems to be a confirmation high. The weekly time frame also shows that it has reached the resistance which has held on 4 previous occasions I AM currently short with...
Trade to be taken at the break and confirmation of support. This could be the start of a med/long term dxy rally! I will explain my idea further in a second post later today. GBP/USD is at a major resistance after failing to hold it as support. It is also looking to break down from this support The DXY also looks to break above the horizontal support. ...
XLM has broken back above old support. History shows us that every time it has reached the above resistance. If it was to retrace and show that it held support, then I would take the long to the above resistance. I will update if the opportunity arises so make sure to follow!
FTSE 100 has reached a major resistance after the breakdown that we called around a month ago. We are looking for a reaction at this level to possibly go short and we will updated if we take that position.
Chainlink has hit its resistance again and followed up by breaking support. Markets are bullish right now and underperforming so this will be a small position on my side. 75% TP on the first target and 25% at the second.
SUSHI has held its support for months. After the recent BTC run, money is flowing back into alts. Sushi is a terrible coin that no one should hold, however, we want to make money off of anything. This would be an incredible opportunity should the current resistance break. Sushi is also a coin that could pump massively hence the third target shown below.