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technicaltrader
@technicaltrader
41
Ex-finance professional trading markets globally using technical analysis
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2018-09-22 12:14
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technicaltrader
trading
8y
BUY AUDJPY. Failed Breakdown And Bouncing Off Support
AUDJPY has the potential for a significant rally to the upside. It can be seen that the lows of 4 weeks ago found support just above the uptrend drawn from the lows in 2008 and in 2016. Also of interest
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technicaltrader
trading
8y
USDJPY Breakout. 124 In Sight. Risk On For Equity Markets
With the month end candle confirming the breakout from the downtrend drawn off the declining peaks beginning August 2015, we can now consider upside targets. Taking the longer view, this confirms a resumption
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technicaltrader
trading
8y
Amazon (AMZN) Price Analysis. 54% Upside
Amazon managed this week to break its short-term downtrend (shown below) and notably, RSI has not been at oversold levels since Nov 2016, signalling the strength of the trend the stock remains in. With
technicaltrader
cryptocurrency
8y
Litecoin (LTCUSD) Bullish Declining Wedge Breakout. Upside Expected
LTC has recently confirmed a bullish breakout from a declining wedge formed since the March highs. Moves out of these wedges typically proceed in a swift fashion. Bullish divergence is evident on the chart
technicaltrader
cryptocurrency
8y
Expecting Higher Prices on Ripple (XRPUSD)
The recent low on Ripple occurred within the trading range of 2017 that marks significant support. Also evident is the double bottom basing pattern that developed throughout August and September that broke
technicaltrader
cryptocurrency
8y
Ethereum (ETHUSD) Price Analysis. Short-term upside, long-term still work to be done
The daily chart of Ethereum is starting to look more constructive, as is the case with a few other alt's right now. The downtrend off the May high has broken to the upside and its interesting to note the
technicaltrader
cryptocurrency
8y
Bitcoin Cash (BCHUSD) Breaking Out
Whilst the latest candle is yet to confirm the breakout, all signs suggest that it will. Price has been forming a declining wedge off the June highs with bullish RSI divergence that has been building since
technicaltrader
trading
8y
Square (SQ) Price Analysis
Square is in the process of gapping up out of a bull flag assuming it holds the move by the close. As shown below, with price above 91.48, the next Fibonacci extension target is up at 142.82. A move below
technicaltrader
trading
8y
EnerSYS (ENS) Price Analysis
ENS is attempting to break out of a base to new ATH's. Initial target at the 1.618 extension of 99 as long as price can stay above the April '17 high at 84.67. ENS is the 3rd largest holding of LIT, whose
technicaltrader
steem
8y
STEEM, Some Encouraging Signs
A few encouraging signs are appearing on the chart as I see it. Firstly, the downtrend from the April high has been broken to the upside albeit not yet in a conclusive manner. To confirm the downtrend
technicaltrader
cryptocurrency
8y
Bitcoin (BTC) Price Analysis. Approaching apex
Since Bitcoin found support around 6k in February after breaking the parabolic run up to 20k, it has been trading in an increasingly tight range, forming a descending triangle. Whilst typically described
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