UmitAbdulkasim

UmitAbdulkasim Updated  Jul 13, 2021

Check chart for the commentary

UmitAbdulkasim Jun 19, 2021

1000SHSIBUSDTPERP Could go parabolic on the 15m chart if there I confirmation from a bounce from the support trend line + increasing volume on the way up.

UmitAbdulkasim Mar 26, 2021

The pair is in a ranging market which gives us a reasonable support and resistance zone to trade within using logical SL and TP. I am short.

UmitAbdulkasim Mar 26, 2021

Recently broke out of an ascending triangle pattern and is now in an accumulation within a bullish pennant. Expecting upside move similar to the previous burst upwards and towards 1.638 fibonnaci extension. We are following the trend and SL and TP are as displayed.

UmitAbdulkasim Mar 26, 2021

The pair broke out of a downtrend that had been putting pressure from 200ma and a resistance trend line. Now it is retesting and giving the opportunity of catching the reversal from the uptrend.

UmitAbdulkasim Mar 7, 2021

Accumulation in a ascending triangle pattern suggesting bullish impulse on the breakout.

UmitAbdulkasim Mar 7, 2021

LTCUSDT has been accumulating over the past days and has not had the similar boost we have seen in other alt coins. Considering the fundamentals of the cryptocurrency are strong this only makes me think that we have some sort of accumulation of buying occurring currently and that the breakout of this accumulation will bring great results for the buyers. Here is a...

UmitAbdulkasim Mar 7, 2021

AAVE broke out of its downtrend and retesting the downtrend line now. Looks good to head to next resistance zone. Managing risk with a SL.

UmitAbdulkasim Mar 5, 2021

ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI...

UmitAbdulkasim Mar 5, 2021

ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI...

UmitAbdulkasim Feb 9, 2021

The price has corrected 25% from ATH and it is equal to the correction it went through in the March crash. A solid company that missed earnings. A buy for me for the long-term.

UmitAbdulkasim Feb 3, 2021

EURUSD has been under significant pressure lately due to US dollar strength and unfavourable prices of the Euro for the European member countries. It is now formed a falling wedge pattern and it is only getting tighter before breakout. We also have triple bullish divergence on the 1h RSi, I believe some short term relief is coming before we head won lower.

UmitAbdulkasim Jan 23, 2021

LMT is getting pressure downwards however I am bullish on the company and stock. I believe the stock is currently undervalued considering the Biden administrations policies and what it would mean for defence stocks. This price level has supported the stock price and I believe it will breakout upwards from the descending resistance line. Either way, considering the...

UmitAbdulkasim Jan 23, 2021

EURAUD made a higher low and formed a double bottom pattern and fixed above the resistance of the pattern before market close, indicating a continuation of buying pressure for the week ahead. I entered when I saw a reversal happening at the 1.56 support zone and our position is +17% in profit so far. In addition, the market is finally above the ichimoku cloud and...

UmitAbdulkasim Updated  Jan 5, 2021

Wave 2 never retraces more than 100% of wave 1. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation. Expecting a minimum 3% bounce in DXY before bearish continuation. EURUSD to 1.1700.

UmitAbdulkasim Jan 3, 2021

BTC testing the midline of an ascending channel. At the current steam it has expensed, I think we can see a short term downside movement.

UmitAbdulkasim Dec 6, 2020

MGM has had an impressive rally last month with the rotation into value. We have a rising wedge formed and despite making higher highs, our indicators are making lower highs, indicating a disconnect and thus a bear divergence. When we break the rising wedge, I expect a decline, entering short and an additional short in the case of a retest of the lower boundary...