#TFStrategy: Symmetric Triangle in Bitcoin (BTCUSD)
-The symmetrical triangle is a pattern where the price minimums are getting higher and the maximums are getting lower.
- Additionally we can consider the crossing of the 200 SMA, indicating a change of the trend.
Temporality of the graph: 30 min.
- The triangle broke up and the break was...
HTZ chart has been respecting the support area around $16.76, along the last 300 days. If the supoport zone is confirmed again, there is a chance to set a large position setting a Take Profit on $22.70 (+36.67%) and a Stop Loss on $14.65 (-12.18%). In support of this, the RSI Stoch provides an oversold signal that confirms the long position.
Alcoa stock, which is on a bullish trend since August 2016, broke a support and completed a pullback, coinciding with a bounce on the 50 periods EMA. This could be a good opportunity to short the stock betting on a fall that lead the price to the old support/trendline proyection level, around $41.5. Using an stop loss to cover against a potential resistance break...