Bolinger Band & MA: the price is entering the buy zone, but beware that there is no sign of bounce back yet from daily and weekly chart. So we are expecting to see at least 1 or 2 bearish weekly candles before the price go back to short-term bullish or small retracement. Gann Fan: looking at the weekly and monthly gan fann. current price i at 4/1 line area, if...
The "Decending Channel" pattern was identified on the weekly chart. A "Double Bottom" pattern was identified on the daily timeframe, however, price failed to go higher. A closer look at recent price action and we have confirmation of resistance becoming support (see level 93.62). Though this is true, it is best to wait for a break of structure before placing...
BTc at the moment is gaining momentum especially with the Binance incentive for whales with zero fee trading. trend on ascending channel above the lower channel support line. Elliot wave 3 in bulish setup is forming and now is lower than previous peak MACD losing momentum on buy trend , let's see how that plays out above 200 1D MA which is encouraging RSI has...
SPY Daily providing brief directional opportunities for acute trades to the upside. Higher levels of conviction support the control held by sellers in the market auction; With a volume shelf last revisited and sustained notable in March 2021. After holding fair price of 377.03, the next critical level on watch for acceptance or rejection of fair value is 381.58,...
Currently, a hidden negative mismatch exists in the correlation between the price and the relative strength index in the 4-hour timeframe. The fact that the price received a rejection response from the 200 hourly simple moving average affects our situation even more negatively. A simple ABCD setup and the values of the lower band of the channel we are currently in...
As you can see, we are in the falling channel form in the weekly timeframe and we have reached the support point of this current channel. We also polled wma200, which has served as a trend changer for the bear market for years, although we are currently below this moving average, I hope to close the week above it. On a weekly basis, our Relative Strength Index...
BTCUSD^0.1 provides a linearized view of it's price, which allows for a Fib Channel placement. Confluence of support at 15k level (200W SMA + 2019 peak)
Long-term price analysis using confluence of Log regression bands, SMA's, and Fibonacci retracements. Possible case for a test of the 400w SMA, based on % distance to previous all-time highs.
Currently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of...
EURCAD is trading a long-term bearish trend. Since May, the market is trading within a broadening wedge pattern. This week, its resistance was reached. From that, we expect a bearish continuation at least to 1.347 level. Please, support our work with like and comment!
The pair is trading weak for a second consecutive week and declined more than 300 pips. Break below that level will take the pair to 0.9600/0.9500. CCI (50) - bearish
One of the most underrated moving averages in crypto is the 100 WMA, which is like a secret weapon when it comes to finding trends, support and resistance, and entry and exit points. Test it out for yourself on any timeframe, and you'll see that Bitcoin and the rest of the cryptocurrency market tends to follow the trends that the WMA plots out. This being said,...
This futures market you see was fake out 2 times before and received a reaction, now there is a possibility of a fake out again. Either this graphic will work or bad slaughter will come... When we look at the monthly chart, we are momentarily below ma20/M. If we see that we are closing below $40.154 at the end of the month, even 22K would be optimistic. Strong...
It seems we are in a megaphone and according to the fibonacci replacement we should not break our support area. For the bullish expectation, we definitely need to go above ma50 as soon as we take the 4-hour timeframe as a basis. It is inevitable that the Megafon lower band of $38,500 will come in a possible support area breakout. In the positive scenario, if we...
NASDAQ:AAPL Please correct me if I made a mistake, I am just a beginner. I am only here to learn. How I interpret this chart is: - It looks like we are trading in a range, between the 50 Day SMMA and a volume shelf. - looking at the SPY in the pane below, it looked like the SPY found support. - in my opinion AAPL and the SPY move pretty synchronized, and I see...
Price is near the major resistance zone, that is a purple zone on the chart and if this resistance remains valid then we are looking for fall here and correction for the market after a while. Targets and supports are mentioned on the chart. Notice: the market is still bullish and if any breakout to the upside happens then more pump is expected too. <>
The pair of pound and dollar is retesting the 200MA and bullish upwords which could target.1.3655 and 1.3679 .negative Trends below 1.3608
I make a trade today on this pair. The candle break the EMA 200 , the RSI not oversold yet, and the next support level far away (100+ pips)