Trendreversal
Is CRSP going to "technically" break the bear trend this weekIn my previous post on #CRISPR I talked about the Green upward sloping trendline & how every time CRSPR has traded on or below it since May 2017 we've seen parabolic action.
I don't want to say I told you so, but we've seen some parabolic action.
To my surprise, the parabolic movement came the news of Vertex upfront payment of $175 million upfront payment. Specifically, Vertex gets worldwide rights for CRISPR/Cas9 technology along with other items such as AAV vectors for DMD and DM1. This deal totals just about $1 billion when you factor in all milestone payments for these programs, plus royalties.
Moving on to the chart now..
It appears as though CRSP is about to "technically" breakout of the bear trend which started in May 2018 after reaching ATH's.
The blue downward sloping trendlines are the attached to the swing highs, and one has already been broken to the upside, which could be considered the first real confirmation of a trend reversal. Once the second blue downward sloping trendline is broken to the upside CRSP is "technically" out of the bear trend, IMO.
Time will tell per usual.
Electroneum starts upward trend!I can see the moon over the horizon! The trend is in full reversal! Electroneum has hit rock bottom with only one direction to go...UP! Look closely at the shaded circle, here you will find a special blue line indicator created by @TradeIndicators , as you can see price action is currently opening and closing above this line, something that has not happen in almost 12 months! I believe that if we continue to see action similar to this for the next week or so then a huge move to the upside is very much possible. After doing much research on Bitcoin's price correlation to new coins after a bear market I've notice that new coins usually begin to pump about 6-8 months after bitcoin's reversal. As you can recall Bitcoin bottomed in late December 2018, which puts us 7 months out within the targeted time range for a reversal to ETN. They is also a chance of side ways action for the weeks to come which is also a good indicator the bottom is in.
**This is not investment advice. This is purely for educational and entertainment purposes only. Do your due diligence.
Awareness618
Double BottomThis pair seems to have formed a double bottom which could be indication for a long position.Wouldn’t be surprised if this shot up for some good pips.
Entry: 140.258
SL:140.000
TP:141.529
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Buy CHF/JPY At The Weekly Support ZoneNow is looking like a perfect opportunity to catch huge pips as price has approached a weekly tested support zone! As CHF weakened during the past 2 weeks it has pushed priced to a key zone which should cause price to reverse & we will capitalize on this move.
Trade Details :
Entry : 107.810
SL : 107.400
TP : 110.000
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Buy CHF/JPY Reverse Head & Shoulder PatternThis reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out!
Trade Details :
Entry : 107.950
SL : 107.800
TP : 109.000
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AEBTC_LONG TRADE SETUPBreaking out from the downtrend channel
IF DAILY CLOSES ABOVE 872 sats
Buy zone: Daily S-R flip 860-885 sats
Resistance 1: 1011 sats
R2: 1109 sats
SL: 830 sats
IF DAILY CLOSES BELOW 872 sats
Buy zone: 810-830 sats
R1: 870 sats
R2: 1011 sats
SL: 783 sats
MTH_LONG TRADE SETUPBreaking out from the downtrend channel
IF DAILY CLOSES ABOVE 358 sats
Buy zone: Daily S-R flip at 358 sats
Resistance 1: 415 sats
R2: 473 sats
SL: 332 sats
IF DAILY CLOSES BELOW 358 sats
Buy zone: 322-328 sats
R1: 358 sats
R2: 415 sats
SL: 305 sats
BQX_LONG TRADE SETUPBreaking out from the downtrend with volume
Wait for Daily close above 2260 sats
Buy zone: Retest of Daily S-R flip at 2250-2280 sats
Resistance 1: 2619 sats
R2: 3034 sats
SL: 2145 sats
IF DAILY CLOSES BELOW 2260 sats
Buy zone: 2020-2050 sats
Resistance 1: 2269 sats
R2: 2619 sats
SL: 1865 sats
Interesting trend reversal signs and re-entry zone on BCD/BTCI drew 2 possible options on trading BCD. It has positive signs on trend reversal and stayed strong during the BTC breakout. Extra information can be found in the chart.
Bitcoin's Resistance Turned Support?Bitcoin Weekly Chart:
Bitcoin has found support on the previous resistance line as shown on the weekly chart above.
If Bitcoin can his can close this current week with a green '1' above the blue trend line, the bear market could finally be over!
This is not financial advice, as I am a self-taught investor.