Bullish Bat
#ETH/USD Golden Cross: Long Entry +Targets BULLISHHello guys thanks for coming by to this update on ETH. In my last update I said we can break the $200 level soon if the resistance trendline is broken. ETH broke the resistance yesterday.
ETH also seems to be having a Golden cross in this 2 hours chart. It did broke above the resistance trendline and waiting for a retest.
BTC pair seems bullish too which will drive the ETH price higher.
We can enter for a long entry on the retest of the rising wedge.
#ENTRY: $197 TO $205.60
TARGETS:
1. $214
2. $219
3. $226
Stop Loss: $192.
This is setup could be highly profitable if we look at the mid term targets and resistance levels.
Mid term:
Resistance:
$227
$238
$261
Look at the chart and observe how I plot my moves as per the chart.
If you like this idea please hit the like button and share your views in the comment section.
Also share my latest BTC update.
Fitbit Bullish BatOn the news side of things Fitbit has decided to start shifting it’s supply chain resources to make emergency ventilators designed to treat coronavirus patients.
www.nationalheraldindia.com
That’s what caught my eye to actually look at FIT. Upon looking at the charts I’ve found that FIT has also formed a Bullish Bat harmonic. There is also a nice gap that needs to be filled up around $12.60 from Nov. 3 2016. Current price of Fitbit while writing this is $6.46. Also on the 4 hr chart we can see a little bullish divergence on the RSI of course that could change but I’m playing this off the news and the BAT.
CIPLA - Probable Downfall in coming session(s) - POSITIONALCipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume. Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525.
Entry would be mostly around 585 (near to the red line, if retracement is seen), SL above 603.5, TGT: 521-525.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in CIPLA spot price chart. And also please note this is Positional analysis and is NOT for intraday
This can be followed by a long entry later on after completion of a Harmonic Pattern, will be updated later if a good entry is seen
Trade Ideas Educator: GBPAUD BatA bullish bat setup on the 1-hourly timeframe, well yes it is still valid. GBPAUD has to be treated as the notorious kid in the family, hope this give you the drift. Rebellious, not following the social norm(trading expectation), but it will get there(target) eventually.
It just throws some tantrum(hitting stop-losses) along the way in attracting some eyeballs.
I'm waiting for the candle to consolidate at the HOP level and with further confirmation, I will engage the trade.
Trade Ideas Position: EURJPY BatA bullish bat setup and completes as X surely pose a warning sign, if you head up to the 4-hourly and daily chart, at this moment the level is not within any support level.
Advantage of this trade is that it yields a very good RRR and an RSI Divergence.
What's your take on this?