Triple Bottom Bullish Platinum Platinum to replace Playdium due to much cheaper prices supply is low demand is high very bullish
Upside
ETH - Might Still Be In a Bull Run - Alt Season ExpectedWith the recent capitulation eth has not set a new major local low like BTC did. Chart is behaving oddly similar to what btc correction looked like in July 2017. Back then we made a new ATH, then had an initial 50% correction (like we did in May - July 2021) then going back up, barely setting a new highs (green marks) before going into a second capitulation, that took btc even slightly lower then an initial fall was.
It looks like ETH with the rest of the altcoin market cap is doing the same.
If Eth starts to correct rapidly to the upside, without slow grind, but just exploding upside, like a presented with a yellow arrow like you can expect new ATHs to be in the cards and the big altseason to start especially for the rest of the "OG" alts that haven't had their true bull run yet.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:ETHUSDT
BITSTAMP:BTCUSD
XAGUSD SILVER 3-3-3-3-3 TRIANGLE CORRECTIVE STRUCTURE (D)Seeing a 3-3-3-3-3 Expanding Triangle corrective structure developing on the Silver ( XAUUSD ) Daily chart for long term upside. Corrective structures on this time frame can take up to 2.5 years, and this one is certainly tracking towards that kind of duration. We are currently progressing upwards within Wave D of the Triangle, while completing a Running Flat on the second wave of D. Expected nominal target of $31 before we start the last leg of the Triangle for a short term down on Wave E to around $21 nominal. We can expect the long term upside to take off perhaps by the tail end of Summer.
😱. WARNING we posted a Outside UP month in the NDX100PRO TRADER : Hey, newbie! We posted an Outside Up Month on the NDX100, did you see?
NEWBIE : What is an Outside Up Month (OUM)?
PRO TRADER : It is a month where you get higher high, lower low and a close higher than the close of the previous month. It is a sign of strong momentum.
NEWBIE : Thanks, Pro Trader. How can I make money out of this?
PRO TRADER : Well it is not a signal but if you backtest it you will see that after the times the NDX100 has make an OUM
the stock market has traded higher in the next 8 months 91.3% of the times!!!
NEWBIE : Wow!
PRO TRADER : Also if you compare the gain after the times we get a OUM to those without OUM, you see 50% larger gains - so a bet to upside seems to pack a punch!
NEWBIE : Thank you, Pro! I will make sure I use the info!
GBPCHF 1-2-3 ($$)GBPCHF in a very very early stages of a potential perfect 1-2-3 play. Keep an eye and follow the step by step play to see if we can pinpoint an entry from this idea.
Mirror Protocol Getting TightMirror Protocol has been consolidating for a few weeks now, things are starting to get ready for a move. As seen above, it n the Daily timeframe MIR is in a bullish pennant with the Stochastic RSI down. With altcoins, always remember that the market depends on what granddaddy Bitcoin will do.
DKNG UpsideAs you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020 - April 2020. We can see that shortly after this bounce occurred there is a strong indication of a bullish macd crossover in unison with RSI moving out of oversold territory. On the 1 day chart we can see that DKNG is now in an ascending price channel and I expect some decent upside over the next month or 2.
Up tnend startThe stock broke through resistance and went to close the gap. The global target is $24. Upside +50%. Trade with a trailing stop.
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Watching DKNG for bounceAs you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020-April 2020. We can see a clear RSI divergence leading up to the bounce at support. We can also see there was a downside breakthrough of auto fib extension however it quickly retested and bounced from there. With these indicators occurring in unison with the emergence of the Draftkings sportsbook and casino in numerous states across the U.S I think it could be a good time to enter into a position. (RSI oversold and MACD crossover indications are very bullish on 1 week chart)
Murphy Oil Corporation (MUR)Stocks looks strong after decrising trend penetration. Target price is $34.8 (upside ~ 20%). Stop limit $27.5. Profit/loss ratio is 4:1.
Correction on GOLD Points Up - Elliott waveGOLD is in a possible five-wave move, up from November of 2015. Ideally wave III found a top at 2075 lvl., which means current consolidation can be a wave IV triangle.
An impulsive break above the 1917 lvl. could suggest a completed correction in IV, and a five-wave lesser degree move for a wave V, aiming towards 2200.
Alternate count suggest a three-wave correction in wave IV; wave C can still be in play, support is at 1600/1585 area, near Fib. ratio of 50.0.
Count would be invalidated if price makes a sharp, five-wave drop, and a break below the 1376 invalidation lvl.
GBPNZD POTENTIAL CHANNEL?Been watching this pair closely over the past few weeks as it trends in a nice manner, reached what could be a fake top or a reversal.
While we do have a prominent double top formation, I am not overly confident in it to swing the direction of the pair.
Keep an eye on a entry point to continue to the upside, I think this channel will be a great entry point.
Leave a like if you agree!
Dot geting big volume in near days and it will go upAre you ready to gain 2-x income with dot crypto. Because it is one of the top 10 projects in crypto world and has big chance to become top 5 in near years.
Bitcoin looking for bounce before athI am not going to targeting perfect bottoms but i think we are near the bottom than top. In my opinion we are still bullish, let's see if some of this scenarios gonna play out.
3 Potential Indicators of HUGE Gainz!!1. High Demand Area - Every time price has been in this purple box area it has made BIG to moderate upward moves.
2. The biggest Parabolic upside move for CROUSD was after the bullish engulfing candle as marked. Now we could close today at another bullish engulfing candle again.. which means that we might expect similar up action to follow like last time (to a price of around USD 1.00 or above). I say that because the last time we saw a bullish engulfing candle in this high demand area in this same order - we experienced this massive parabolic up-move on 4 consecutive days - reaching a price level of 96 cents.
3. This play perfectly lines up with the stochastic RSI momentum as demonstrated, if the crossing of the blue line over the red line and then working upwards back into the zone away from "oversold" area and keeps moving up - buyers at current price may see really good profits perhaps a 2x of investment if reaching over a dollar after this potential bull run that I am expecting.
I have nothing else to sayThis is my last post about Wish! i overanalyzed it i think... good luck to all! $10 within the next Q imo.
BITCOIN - Bearish Divergence in VolumeBitcoin Uptrend is still intact, but the volume is decreasing.
I'm not the only one who sees it. and even with other indicators there is also a bearish divergence to be seen, like RSI and MACD. however bitcoin is still on Upside trend, but we must not only look at the upside trend, we must also look at its possibility in the downside trend.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
Allegion (ALLE)Growing global trend and penetration of local resistance line is a good opportunity to open long positios. Price supporting line is a small growing trend. The target price is $141. Stop limit price is $130. Upside around 8%. Profit/loss ratio ~ 3:1.
VMW showing some super bullish signsVMW recently split off from DELL and went out on it's own, which is great news as anything AI and cloud right now is super bullish and besides it's the only one i feel that can actually compete with AMZN Cloud AWS, tbh i'm planning on doing a break down video for this play maybe try to get it out before it reports earnings so i can help show people it has some great fundamentals and coming from one of the TECH giants DELL shows nothing but upside potential in my book as you can see it is on this down trend and has had some false breaks through but being that alot of tech plays are starting to pick up steam it will be one that i will be watching for to get a nice break out to the top side.
STORGUSDT LongGlobal trend is drowth on the different timeframes. Nearest support line is local growing trend. Moreover there are two big support lines on $1.3262 and $1.2348. The resistance line is $2.2601. Local resisance trend penetration finished and now is a good point to open long positons. The target price is $2.2500 a little bit behind nerest resistance on $2.2601. Position oppening at the current price $1.6000. Investment horizont ~ 1.5 weeks. In the negative scenario stop limit price should be under the local growing trend ~ $1.5000. Potencial loss ~ 7%. Potencial profit ~ 40%. Profit/loss ratio is around 6:1.
USOIL BUY !!Crude oil has been trading inside the given Channel for quite sone time now . At the moment the price seems to be moving inside a small range ( consolidation zone ). once Consolidation is over we can expect further upside movement with 88.57 as the initial Target!
The doggo going out ?
After all the fomo on DOGE and SHIB this year, le price is finally in consolidation mode, if a break out has to happen, big chances it's from here.
Easy to manage the risk when price break the trendline.
+ Bullish divergence on the RSI as you can see.
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Bitcoin looking for similarity as 2017Hi, when i put charts from 2017 to this cycle we can see clearly from mid-cycle shake out ($30k) we are going so similar even this dump. I am looking for strong bounce in Octomber and probably last blow off top around december.
