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NASDAQ has had a tremendous rally since I published the following idea. It was up about 17% at one time but is still up more than 10% from the publication date. It is now correcting, but I expect the 20 M EMA to act as support as it always has (light green dotted line; currently at 11800). If it breaks, there is plenty of support between 11500 and 11600. PS:...

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NASDAQ is currently at the bottom of the 14-year-old channel started in 2008. This channel has acted as support several times. It could bottom here or around 10500 and start its next leg upwards. Besides the bottom of the channel, NASDAQ is supported by the 250-week ma at this level and the bullish divergence (see below). The top of this channel acted as...

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The path may be different but XRP arrived at the exact specified destination right on the specified time! Check out the following post:

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I mentioned in my following post that NASDAQ could correct after fiddling with the upper edge of the 10-year old channel. After this, NASDAQ dropped significantly, but is now trying to attack the same channel again. Let's see what happens! PS: This analysis is just for entertainment purposes and is not a recommendation to buy or sell. Please do your own...

ndau Updated 

Price action Bears have been trying to pull down QQQ for several days, but have failed consistently to close it below the 272-274 gap as discussed in the post below. Although the 280-ish zone acted as a resistance as expected in the following post, given that bears were unable to close QQQ below the support level, bulls appear to have more ammunition than bears....

ndau Updated 

It appears as if the ABC correction is over, but it could just be the A wave of a bigger ABC pattern. If this is correct, then B wave could take us up to 3400 (50% retracement, previous resistance and psychological level) and then C wave could bring us down to 3000. This would mean that wave C is equal in length to wave A. The 3000 level also has a huge support...

ndau Updated 

QQQ appears to be bullish as the buyers protected the gap which now acts as support. Bears tried to pierce the support for three hours today and then gave up. QQQ has also moved above the long-term moving average (at an hourly level). It is not out of the woods yet, because there is significant resistance at 280. It could move up to 280 and fail from there but...

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Technical analysis can fail some time, but it's fascinating to see what it can do when it works! Please see my previous chart from early this week: PS: This analysis is just for entertainment purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

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NASDAQ is trying to break the upper edge of the channel that has not been broken even once in the past 10 years. Be careful but if the resistance is broken and confirmed as a support, then it will be very bullish. It is almost the same channel that I had drawn in the following post though I have adjusted the lower edge based on the 2020 low. Try loading new...

ndau Updated 

0.30 is a critical level for XRP as it remained as a support for one year from August 2018 to July 2019 and then acted as a resistance from August 2019 to July 2020 as shown in the chart above. Can XRP break the resistance now? Let's see what happens but XRP has smashed other resistances and appears to be in a mood to go up to 0.70 as mentioned in my idea below....

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XRP appears to be at the beginning of the third Elliott wave. If this count is correct, then it could go up to 0.70 – 0.80 in the first intermediate wave. Within this first wave, the first and second minor waves may already be complete. I have estimated the targets for the third, fourth and the fifth waves as shown below: Wave 3 = 2.618 * wave 1 Wave 4: 38%...

ndau Updated 

XRP is moving as described in the following idea but is now at the next resistance. It may correct here to gain energy to cross this resistance as RSI is at an overbought level at the daily timeframe or it may smash through this resistance and then retrace to find support over it. Let's see what happens. PS: This analysis is just for educational purposes and...

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Looks like it! I will wait for a retest of the upper edge of the triangle to make sure that it is not a false breakout. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

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NASDAQ is in an overbought condition on the weekly and usually (not always) corrects to the RSI levels shown below. I would like to wait for NASDAQ to correct to these levels before entering.

ndau Updated 

Ripple smashed through the 200 day ma but we need to see if it retests it and confirms it as a support. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

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The 200 day moving average is the next hurdle that XRP would have to clear. Can Ripple cross it and convert it into support? Let's see what happens!

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XRP appears to have found support at around 30 RSI. Let's see if it holds. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

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A bearish weekly candle suggests that the downward trend has commenced and the following idea published on 29th March is still valid. However, we would need to see a follow-through next week for a confirmation. An upward movement and a breach of 3230 will invalidate the idea. PS: This analysis is just for educational purposes and is not a recommendation...