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We have bear div on multiple time frames and a classic rising wedge pattern.
TP 1 6100
tp 1 5100
Gold has parabolic ascend and its in downtrend now, it has broken recent micro uptrend and it is now in free fall with major suppport at sub 1000 levels. One Sell Naked 2019-1150 calls to make a good return.
We have a move form 6500 with good increasing volume, i am looking forward to a test of 8800, which would be a good short entry.
Conditions for a short entry:
Move should be low on volume.
Bearish div will form on daily
rising wedge will form
Look for entries around 8150, with 7980 as SL
Its primed for a rally, the level is supported by pitch fan and a falling wedge
Will it bounce ? I will be buying because its seems good r/r play
ADABTC is at support levels buying here makes sense SL 1800
Will this pop or will it be a dud like Tron falling wedge, it all depends on BTC if btc consolidates between 7900-8400, there is good chance that it will pop so does whole basket of alt coins
B looking at the btc chart it very likely that it should consolidate, its stuck between a resistance at 8500 and support at 7800
Price is interacting with 6-month sma and There is widining Asending Wedge which is bullish pattren.
Closing above 7600 is important, else we may see a retrace to 7200
buy on break of block sell at resistance
The moment it will break it will do what ripple did form 0.25 to $1
Suggesting a long with 2.3 as tgt SL 1.6.
Only Buy if you have patience.
BAT is about to breakout form longterm resistance 5521 - 6350, we have a good volume this time. I am waiting for it to clear this level before making a purchase.
ZRX IS OUT OF WOODS NOW, I WILL SELL AT GREEN BOXES
2 hour is developing a hidden bear diversion which is a trend continuation signal, we may see a dip to 5800
Bids in green box, closing all longs form 6100
!! Please note that this is inverse Bitcoin chart
Although market is bearish, I would suggest taking some risk here, and buying September 6000 calls when price enters green box, There is very less chance that calls would expire worthless and it is a good R/R play
There is less chance for ETF but we have a big rising wedge on daily inverse botcoin, A breakout of ...
There is Bull Div on daily and a Falling wedge and order block right below. A upmove is soon expected
This Pattern is very similar to what has happened to ripple when it was consolidating in $0.20 - $0.3 range.
Currently its facing resistance around 0.786 and second resistance is around 0.5.
Break of Triangle will take us to $3.8
This will take months to complete
The Wedge is nearing its climax, Buy on Break trend line, Sell at 0.028 , 0.033 , 0.046