A macro view of where we may be heading. I expect a test of 30k but will likely fail to hold. Once it breaks expect a rapid drop as there are going to be lots of stop losses executing sells when it does. A move near 25k would be next. There's an old zone of support at 25.7k but really not much else until 21k and then 17.5k would be the final target. We could...
EURCHF is testing the support area for fifth time and the it seems hard to break down the support. so, in my idea there is good opportunity for get long position with a low amount of stop loss. You can check the Targets and Stop loss values on the chart !!
On the above 2-week chart price action has broken out from a rising wedge formation and is currently testing past support as resistance following the printing of a bearish engulfing candle. A bearish divergence between price action and the oscillators now exists. Not just one of them, all three of them. That is RSI, Stochastic RSI, & MFI. This is significant,...
RSI and price try to say to our G/U want going to up and we can check the Elliott waves .The Elliott waves try do say G/U have one more step to up but how many?? Let's go to check Fibonacci . Fibonacci say the G/U want going to 1.60000 but we have a resistance on 1.50000 . I guess the G/U can break resistance on 1.50000 but we must set an alarm on 1.49900
A strong impulse is currently unfolding and there is sizeable momentum behind the main wave. There is quite a lot of confidence from our side that we are to reach our Fibonacci goals. The masses are making this one burst. Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do...
Certainly seems to be the case that we are going to drop some after completing quite a spectacular triangle. No impulse, and correction continues. Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice...
Evening Traders, Today’s analysis – BTCUSDT – trading below its current Daily S/R where a rejection is probable, Points to consider, - Price Action Impulsive - Daily S/R Resistance - Dynamic S/R Resistance - Swing Low Objective BTCUSDT’s immediate price action is trading below the current Daily S/R allowing for a short bias. The Dynamic S/R has been...
Hi folks! Please see linked posts for my take on macro and T.A. on BTC. I am extremely bullish on DOT and ADA long term, but this market state is scary. Anyways - there might be good trades at the next bottom if we see div and the stock market holds up it end of the Bargain. I wish you all well 😀 DYOR. NFA.
Trend: Short term bull trend: Structure: Trend line breakout with retest of support level Plan: Price has broken out of its bearish trend and is now testing a level of support. If price respects this level we can expect a move to the upside
We dont really post trade ideas as we are day traders and most of our trades are pretty quick, but since we have a little extra time right now we are sharing this WTI short. We believe there are good to great indications that WTI could achieve a small reversal in its up trend and move closer to the 10 day EMA (purple) We are in a strong uptrend, but we have...
Bullish Divergence on a series of oscillators. Pulse formed on the LT Pulse.
If one hour close close cross, then gold may stop falling, see the green rectangle 1, and then callback. The current price is around P point in the week. We need price behavior as a test.
Do long, and then short, the price hit within the month P strong support, is expected to stop falling. Target green rectangle.
The situation is quite simple on PLTR: We have an ascending triangle, and to the side it breaks, it’ll be good. If it breaks downwards, which is something the RSI is telling us it’ll do, the 23.50 is the target. The 4h chart is a little bit more pessimistic, because PLTR has no supports aside from the fibs retracements. I’m not sure if PLTR can drop to the...
As a request from my buddy @ke-3a, I’ll analyze PTON today! In the 30min chart it did break the 104.50, a pivot point, and reversed the sentiment nicely. Now, it may seem PTON just hit its target at 110.56, and is starting to look overbought again, as the RSI is quite high too. But this is not true in the 4h chart. The chart is pointing up, and the momentum...
I've closed my long position this week to early as I expected some profit taking today. This has not happened. Moderna seems to be unstoppable like Covid-19. A new weekly high gives hope for further gains.
Looking at the daily Squeeze Momentum, the ADX and the triangle I think we are going to look for the 55 session average.