Parellelchannel
Just trying thingsJust testing out possible hpcoming moves for bitcoin, be cool to see a parralel channel play out.
(Portfolio use only)
NZD/USD - Long (intraday)Since nzd/usd is on a bull run and with the help pf parallel uptrend channel on a 5 mins chart, I have taken long until the next resistance zone.
An ABCD BAMM Hints $540B Will Be Added to Small & Mid Cap CoinsThis is total 3 and it tracks the total market cap of all the Cryptocurrencies combined Excluding BTC and ETH and there is currently Hidden Bullish Divergence on the weekly and a potential AB=CD Pattern in development that if it plays out would add around 540 Billion Dollars to the Total 3 market cap taking us to the top of the channel where we may then face a greater reversal.
EURAUD-Downtrend-Parallel Channel..For my Forex Mastery Institute studies. EURAUD Parallel Channel for a profit of 0.88 cents and 7 pips. Let's get better every day.
BTCUSD Channel-Buy-4 HRBitcoin USD trendline going up into a buy. That pullback can scare you. But learn to stay the course. This is for my Forex Mastery Institute Studies. My analysis chart.
YFII Can start a rally Keep an I on the break out zone, if a valid break out recognized, follow the Elliot waves targets respectively.
$TSLA Bearish Spinning Top candle falling back on the 50 EMA$TSLA Bearish Spinning Top candle falling back on the 50 EMA after being rejected by resistance
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products through its subsidiaries to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Austin, Texas.
$ADAUSD PARALLEL CHANNEL$ADAUSD Overall big picture, right shoulder forming on Head & Shoulder pattern
entry PTs 1.00-1.20 Target PT 2.40 is the right shoulder
PARALLEL CHANNEL
SUPPORT AND RESISTANCE
Must pivot off at PTs .95-1.00 range or can break support line
Further downtrend is predicated after right shoulder is completed, which is typical of Head & Shoulder pattern
Awaiting for the price to break-out of the parallel channel soon, when this occurs we can re-enter long position for the next run
$PTN entry PT .70-.75 Target PT 1.59 Long term PT 5 and higher$PTN H.C. Wainwright analyst Joseph Pantginis is behind today’s news as he reiterated the firm’s buy rating for PTN stock. To go along with that, Pantginis also increased the price target for PTN stock from $2 per share to $5 per share, 1,371% upside
Palatin Technologies, Inc., a biopharmaceutical company, develops targeted receptor-specific therapeutics for the treatment of various diseases in the United States. The company's lead product is Vyleesi, a melanocortin receptor (MCr) agonist for the treatment of premenopausal women with hypoactive sexual desire disorder. It is also developing oral PL8177, a selective MC1r agonist peptide that has completed Phase I clinical trial for the treatment of inflammatory bowel diseases. In addition, the company engages in the development of PL9643, a peptide melanocortin agonist active at multiple MCrs, including MC1r and MC5r for anti-inflammatory ocular indications, such as dry eye disease; and melanocortin peptides for diabetic retinopathy. Further, it is developing PL3994, a natriuretic peptide receptor (NPR)-A agonist and synthetic mimetic of the endogenous neuropeptide hormone atrial natriuretic peptide for cardiovascular indications; and PL5028, an NPR-A and NPR-binder to treat cardiovascular and fibrotic diseases, including reducing cardiac hypertrophy and fibrosis. The company was incorporated in 1986 and is based in Cranbury, New Jersey.
#SHIB Shiba Inu - Massive Correction Soon?Today I am charting Shiba Inu (SHIB) on a daily linear chart.
The current price is inside of a parallel channel since the end of October 2021. Every time the price drops below the median in the channel (body not wick), it generally touches the bottom of the channel.
Concern: The price has broken down from the trendline which started in early October 2021. If the price does not get back above the trendline, we may see more downside very soon.
Concern: The RSI is hovering right above the 47 level which it hasn't broken since mid-September 2021.
Concern: There is a multi-day bearish divergence as outlined by the red trendlines and the price has broken down.
In the red ovals I show where the price may be supported at the 0.236 fib level at $0.00002737 price which is about a 42% price drop from the current price.
What are your opinions on this? I love reading your comments below.
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoin
GOLD Price Forecast - Concerns AheadToday I am looking at Gold price (precious metal per oz) outlook. The multi-year chart is on a weekly basis on a linear chart.
The short term is currently shown in the red shaded oval. You may notice that we were trading in a channel, which we broke out of after having a triple bottom pattern. The price target to meet this pattern is around the previous all time high (ATH) around $1,910-$1,920. As this is also a major resistance area , I can see the price potentially getting rejected at that point and headed back to the top of the channel for a re-test. If we fail the re-test, we will be entering back into the channel with possible re-test again around $1,650-$1,700. Though history does not repeat, it does rhyme. Looking back at the previous similar pattern from 2011, you can see a channel that formed but took some time to breakout. Outside of both channels are sizable descending broadening wedge patterns which are generally bullish . However, these can take quite a long time to play out considering that we are looking at a multi-year weekly chart for Gold . One area to keep an eye on for the downside is the bottom rising trendline around $1,450-$1,500 which has held as long term support in case we head down significantly.
One more thing to think about is with the DXY ( Dollar index ) strengthening recently and the asset prices in commodities , equities, crypto, real estate, art, yachts, etc are high, we can see some upcoming years of prices reducing and an economic downturn.
The long term as noted by my green path line shows that after we have one more re-test of the bottom trend line , we can get one more leg up. My biggest concern with the Gold chart is that we are in a massive rising wedge pattern which began in 2001. Rising wedge patterns are generally bearish and usually break down to the price where they started which is around $350-$450. Though concerning, this could take another 15-20 years to happen.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
$WISA entry PT 4-4.28 PT 8 and higher$WISA entry PT 4-4.28 PT 8 and higher
MIRRORING PATTERNS
WiSA’s Wave Campaign Continues to Build WiSA Certified Category with New Store on Amazon Featuring WiSA Products and Retailer Bundles Available Across Amazon’s Vast Platform
Summit Wireless Technologies, Inc., a technology company, develops, manufactures, and sells modules and integrated circuits for home entertainment and wireless audio market in the United States, Europe, and the Asia Pacific. It offers TX modules for integration into televisions, audio-visual receivers, media hubs, and USB or HDMI dongles; and speaker systems. The company sells its products directly to original equipment manufacturers. The company was formerly known as Summit Semiconductor, Inc. and changed its name to Summit Wireless Technologies, Inc. in September 2018. Summit Semiconductor, Inc. was incorporated in 2010 and is headquartered in San Jose, California.
$SGOC BULLISH CYPHER PATTERN$SGOC BULLISH CYPHER PATTERN
Huge spike in Volume
SGOCO Group, Ltd. designs, develops, and manufactures phase change material storage systems for applications on cooling and heating systems in Mainland China and Hong Kong. The company's products include phase change material thermal energy storage products; LCD/LED monitors; and TV product-related and application-specific products. It is also involved in money lending services; and property lease and management activities. In addition, the company provides fintech and IT support services. It sells its products under the SGOCO, No. 10, and POVIZON brand names. The company was formerly known as SGOCO Technology, Ltd. SGOCO Group, Ltd. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong.
$DLPN PT 32-50 and higherDolphin Entertainment, Inc., together with its subsidiaries, operates as an independent entertainment marketing and premium content development company in the United States. It operates in two segments, Entertainment Publicity and Marketing; and Content Production. The Entertainment Publicity and Marketing segment offers public relations, entertainment content marketing, strategic communications, social media and digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content. The Content Production segment produces and distributes feature films and digital content. In addition, it offers strategic marketing and publicity services to individuals and corporates in the entertainment, hospitality, and music industries. The company was formerly known as Dolphin Digital Media, Inc. and changed its name to Dolphin Entertainment, Inc. in July 2017. Dolphin Entertainment, Inc. is headquartered in Coral Gables, Florida.
$RHE PT 9-9.50 and higherRegional Health Properties, Inc., through its subsidiaries, operates as a self-managed real estate investment company that invests primarily in real estate purposed for long-term care and senior living. The company's facilities offer a range of healthcare and related services to patients and residents, including skilled nursing and assisted living services, social services, various therapy services, and other rehabilitative and healthcare services for long-term and short-stay patients and residents. As of December 31, 2020, it owned, leased, or managed 24 facilities. The company operates in Alabama, Georgia, North Carolina, Ohio, and South Carolina. Regional Health Properties, Inc. was founded in 1988 and is headquartered in Suwanee, Georgia.
