STOCK HAS SEEN A POSITIVE CROSSOVER (MACD)
IT HAS CROSSED ITS 100-DMA BUT CURRENT HAS FOUND SOME RESISTANCE @ 432
WEEKLY CHART IS ALSO SHOWING POSITIVE SIGNS
TRADE VIEW
BUY @ 432(ABOVE)
STOP @ 427.50
TARGET @ 440/450
With making all time high , ETHUSD will settle down a little bit.
One can enter trade at 339-440 with stop loss at 445 with first target of 427.24 , second target at 422.06.
RSI and MACD are also indicating the same.
In the daily chart an ascending triangle pattern is visible. The price is on the verge of break out. It has accumulated and now is in the middle of a minor correction before most likely breaking out.
MACD hasn't confirmed the uptrend yet, but RSI indicates lot of room for buyers.
That said, my trade setup for now would be slightly conservative,
I'd prefer to go...
OFSS, a relatively illiquid counter and ideal stock to have in someone's cash portfolio has finally given a clean breakout.
Erstwhile supports came in well from the 50% Fibonacci Retracement, and the recent breakout is well supported by volumes. Structurally the chart is in an UP trend across all time frames, for which i use the MACD indicator. Momentum to pick...
stock has just moved above its crucial level of 172.90 which is the weekly support level as well as a crucial daily support
Watch the RSI indicator closely as the stock has formed a new support at 164.25
Currently by the looks of it one can say that the stock might be trading in a "RECTANGLE"
Levels between 164 to 196 indicators suggest that
Indicators
macd...
STOCK IS CURRENTLY TRADING IN A STRONG CHANNEL
AND IS CURRENTLY AT THE HIGHER END OF THE CHANNEL
SOME CORRECTION IS EXPECTED AT CURRENT LEVELS RSI AT 54 WITH A SHARP DOWN TRIGGER
MACD AT SAME LEVELS NEGATIVE CROSSOVEREXPECTED BY THE END OF THE DAY
IT SECTOR IS CURRENTLY OVERBOUGHT MIGHT CORRECT EVEN MORE IN THE COMING WEEK CAUSE OF DOLLAR GETTING WEAKER AGAINST...
Stock has crossed its crucial 50-dma of 1027
If stock moves above 1040 its a good buy as 1038 is a crucial resistance level
Macd has given a positive crossover
20-dma and 50-dma providing good support
TRADE VIEW
BUY @1040
STOP @ 1025
TARGET @ 1065
(SWING TRADE)
In the daily chart it forms an ascending triangle denoted by the thick blue line.
Also, I see a perfect ascending triangle in the 4hr chart (denoted by the dashed/dotted red line). The candle sticks are hovering at the horizontal line of the triangle. This is good.
MACD looks like it has confirmed the uptrend and RSI is currently at 59. I guess there is some more...
ON THE MONTHLY CHART, THE STOCK HAS JUST CROSSED OVER OVER ITS CCI-100 BOTTOM LINE, MACD BLUE LINE CONVERGING FROM BOTTOM SOON TO CROSSOVER ORANGE LINE, RSI BOUNCED FROM 37 MAKING A BOTTOM, AND PRICE OVER ITS 50 SMA & 50 EMA ON MONTHLY CHART. SIGNS OF A TECHNICAL BUY FROM HERE.
An ascending triangle formation is seen in the 4hr chart.
The green candle is on the resistance. Chances of a break out here is less.
Looking at the RSI it seems that there is room for the buyers
MACD hasn't confirmed the uptrend yet. Therefore, i think it'd follow the blue curve before breaking out.
I'd go long at the blue line. hopefully, there would be enough...
I see a nice symmetric triangle formation in the daily chart and the accumulation has happened since a long time.
RSI is high, but i think there is some more room for the buyers.
MACD seems to have confirmed the uptrend.
The candles are at the resistance line and on the verge of a break out. Watch out!
I'd like to go long around the dotted resistance line.
Any...
A tiny bullish pennant formation is seen in the daily chart . It has consolidated for long within this formation. MACD and RSI are looking good. I'd go long just when it appears to break out.
Target 1 - If it breaks out of the pennant there is a probability of it testing the fib0.618 resistance
Target 2 - if it manages to surpass the above then i am sure it'll...
A tiny bullish pennant formation is seen in the daily chart. It has consolidated for long within this formation. MACD and RSI are looking good. I'd go long just when it appears to break out.
Target 1 - If it breaks out of the pennant it'd test the fib0.786 resistance
Target 2 - if it manages to surpass that then i am sure it'll hit the previous ATH and may go...
pair exhibits a corrective price pattern, the consolidation has ended with a WXY move, with MACD and RSI divergences in agreement a bull market is prominent.
A long position here will be rewarding, primary target 1.8000.
