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Technical-analysis

Bull Case for PECK Looking at the highlighted green lines we can identify a strong up trend in PECK causing growth for the stock, as well as a retracement in the last few weeks which is a clear bull flag pattern. There is also a falling wedge after the strong uptrend which lead to the reversal that we saw causing the new price to break past the previous high of 10.50. There was a double top pattern but the price today has broken the previous high, and moving past the resistance level is a good indicator for this stock. Furthermore, we can identify a cup forming which means that if the price fluctuates and a handle pattern forms investors could average down their price at a discount while it rebounds soon. All in all the reversal from the falling wedge, strong uptrend with retracement, breaking the double top barrier and the possibility of a handle forming are all positive indicators for this stock. BUY!
P
by ayushranjanth
EUR/GBP - Technical Moolah!!That's the Stuff that nobody teaches you!!! Have you ever thought about having multiple Support and Resistence lines? This is pure Technical Analysis using only levels and trend lines! Don't complicate your Chart with all the indicators under the sky when all you need is a couple of technicals to trade short or long term! In this particular Situation, EUR/GBP got a bit distracted from the main trend, kind of like starting a new uptrend but then we can observe that it was just a distraction and it's going to get back in it's trend as soon as it has the chance!
by bpemea
2
ZEN - Confirmed Breakout? Looks like it!Zen has been seeing a spot of a downward wedge, ever since giving up the gains a couple weeks ago. We're seeing what looks to be a breakout from this wedge. This could be pointing to a potential bullflag scenario, in which case the flag is looking like it's about to pop. MACD is showing it's first bullish deviation in some time. RSI is not overbought, but we can see the potential for short term reversal or retrace. Volume confirmation on breakout so far. This is looking like good breakout play. If you know how to trade a breakout, you know what to do here. If you don't, I suggest looking into it fast ;)
Long
by cryptosince1963
1
Bitcoin Nearing Target Date and Time - Pullback ImminentMy current projection exists within the "Price, Time, Pattern" boundaries of analysis. As I see it, geopolitical events (worldwide but especially in the U.S.) are expected to ramp up. Some chaos and civil unrest may ensue. This will greatly impact the broader markets negatively. Bitcoin, which currently rides in tandem with the broader markets, will also become effected. But not to the same degree. More on that in a bit. This aspect of my prediction coincides with the "Time" portion. I expect everything to culminate on or before Jan 6-8 of 2021. Correlating to the "Time" maker, we are also seeing Pattern(s) on the chart indicating an imminent future reversal: a nearing to the 1.618 Fib marker, ascending wedge, declining bull volume (though great, still declining), and overbought markers on our RSI chart are all indicating at least a short term pull back could be coming. Though, we are seeing massive amounts of wealth being moved into the crypto market (and it will continue), I do expect a pause of this action coming into January as geopolitical events in the U.S. continue to escalate. Much of the events that are about to take place will catch the majority of Americans by surprise. You will begin to see the VIX (fear index) spike. That will be the trigger alarm for things to come. If we do begin to draw back, the following price points should be considered for entry or re-entry: 19891, 17146, 12,927. Of course, since the market will be directed mostly by geopolitical events, how low it goes depends largely upon how much fear can be generated by these events and by how much the broader markets are effected. Again, though I do see crypto being impacted, I don't see it being impacted to the same degree, as crypto is now starting to be seen as another safe space for cash. As always, do NOT ever allow your emotions to sway your trades. Sit back and think this thing out logically, rationally, and reasonably. Crypto is here to stay. And, of course, Bitcoin, the big dog, will continue to lead them all. You are not wrong to stay in the market and HODL. You are also not wrong to begin cashing out on some portion of your investments here if you have been brave enough to hold this long. No-one knows the future, including me. The insight I give is purely based upon the data that I have aggregated thus far. I use it to help point me towards future events. You don't have to accept it, but I hope you will at least consider it and use it to help you make healthy trading choices into the future. Happy trading all!
COINBASE:BTCUSD
by stewdamus
2
Get on the board next GBP/NZD station is "Falling":(Part 4).Market is moving bearish 4H/1H.(Daily too) 1:Bearish structure:(Short order).Market making LL/LH. 2:Market might retest levels of 1.88229 or 1.88880, then back to 1.85912. 3:Market below the 200 MA. 4:Market will likely retest golden fibs levels. 5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria. 6:Do look out for Fundamentals of both GBP and NZD. 7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity. 8:Risk 0.5% of your total account for long term survival. Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk. IF you guys have any questions do comment.
Short
by Ali_Talpur
ADA short term update.ADA couldn't break 0.176$ resistance and fell into lower range of 0.15 - 0.16$. We broke our 21 EMA support turned resistance, all of which is bearish. However, if we can make support here; ADA would be set for a HL to go back and retest 0.176$. This would help make the case for a short term bullish ascending triangle. Just have to see if 81 EMA holds support. If it fails to do so, and we go down to our lower range of 0.13$, then we might be more than likely to complete a bearish M pattern.
BINANCE:ADAUSD
by Detective_Conan
4