On Sunday, Bitcoin was setting up a quadruple inside bar pattern, with all of the last four 24-hour candles inside April 13’s mother bar. The pattern leans bearish because Bitcoin was trading lower before forming the pattern. Bitcoin is also trading in a triangle pattern and is set to meet the apex of the triangle on Monday, traders can watch for a break up from...
Dogecoin was continuing its upwards ascent Friday, rising about 1.6% higher in a continued bullish reaction to a double bottom pattern the crypto printed on April 11 and April 12. The bullish reaction to the double bottom pattern at the $0.133 level caused Dogecoin to reverse course into an uptrend, with the most recent higher low printed on Thursday at the $0.136...
Shiba Inu was trading about 4.5% lower on Thursday in a second day of consolidation after over 21% higher on Tuesday, after Robinhood announced it had listed it. The price action on Wednesday and Thursday has taken place completely within Tuesday’s trading range, which has created a double inside bar pattern on the daily chart. An inside bar pattern indicates a...
Nio began settling into an inverted head-and-shoulders pattern on Feb. 17, completing the left shoulder of the formation between that date and March 1, the head between March 2 and April 4 and working to form the right shoulder between April 5 and Wednesday. The right shoulder is not completed yet, however, and will need additional trading days, where Nio trades...
If history is any guide, there may be good fortune ahead for shares of Zendesk , a so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock. Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the...
The stock has plunged over 24% since reaching a high of $289.46 on March 29 amid overall market turbulence, which was accelerated on Monday when Nvidia downgraded from Outperform to Neutral and lowered its price target from $360 to $225. Whether the bounce in Nvidia can eventually turn into a rally, or whether the stock will rebound only enough to print a lower...
The tech giant is currently trading in a confirmed downtrend, which occurs when a stock consistently makes a series of lower lows and lower highs on the chart. The lower lows indicate the bears are in control while the intermittent lower highs indicate consolidation periods. Traders can use moving averages to help identify an uptrend with descending lower...
The Chainlink price analysis for April 10, 2022, reveals the market following a bearish movement, obtaining some negative momentum, signifying a loss of positivity for the LINK market. The price of Chainlink has remained negative over the past few hours. On April 8 the price crashed and went from $15.7 to $15.4. As a result, the market started depreciating soon...
Dogecoin was trading slightly higher on Saturday in continued consolidation after volatile sessions earlier in the week, where the crypto spiked up over 21% on Tuesday before falling 17% on Wednesday. Another smaller surge on Friday saw Dogecoin rise over 7% off the 24-hour opening price. The consolidation on Saturday was taking place within Friday’s trading...
Acushnet has been trading in a fairly consistent downtrend since reaching its all-time high, and on Jan. 20, the stock began to develop a descending trendline, which has been acting as heavy resistance. On Friday, Acushnet attempted to break up bullishly from the trendline but failed and wicked from the level. The move higher to the trendline may have been caused...
Tezos prices have been trading in a bullish trend since the beginning of the year, with prices rising from a low of $1.32 to the current high of $3.43. The overall trend is still very much intact and there is a strong possibility that prices could continue moving higher in the short term. The next major resistance area for XTZ prices is at the $3.45 level, which...
Between March 24 and March 30, Lululemon soared 27%, which created the pole of the bull flag pattern. Since then, the stock’s daily trading range has tightened into a triangle, which has formed the flag of the pattern. If Lululemon breaks up bullish from the upper descending trendline of the flag on higher-than-average volume, the measured move could see the stock...
Nvidia gapped down 3.84% on Wednesday and was falling an additional 3% at one point intraday in sympathy with the S&P 500, which also gapped down and continued to decline heading into the release of the Federal Reserve’s decision on its monetary policy at 2 p.m. For technical traders the lower prices likely didn’t come as a surprise because on March 29 the stock...
The pattern is bearish for the short term, but can be bullish down the road. For bearish traders, the trend is your friend (until it's not) and the stock is likely to continue downwards. Aggressive traders may decide to short the stock at the upper trendline and exit the trade at the lower trendline. Bullish traders will want to watch for a break up from the upper...
Dogecoin confirmed the uptrend is still intact on Monday when the crypto printed a higher high above the most recent March 28 high of $0.153. On Tuesday, bullish momentum came into the crypto and pushed Dogecoin higher still. The measured move of the break up from the bull flag is 40%, which indicates Dogecoin could trade up toward 19 cents in the future but may...
BTC traded in a range of $45,626 – $47,313, indicating substantial volatility over the last 24 hours. Trading volume has increased by 24.83 percent, totaling $29.2 billion, while the total market cap trades around $868.835 billion, resulting in market dominance of 41.09 percent. On the 4-hour chart, we can see the Bitcoin price action continuing to decline as the...
Bulls are losing power at the end of the week, according to the price change over the last 24 hours. Even though the rate of Bitcoin (BTC) has declined by 0.85% since yesterday, the rise over the last week has made up 4.37%. On the hourly chart, Bitcoin (BTC) is trading in the middle of the local channel between the support at $45,650 and the resistance at...
The stock may now be trading in a downtrend. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart. The lower lows indicate the bears are in control, while the intermittent lower highs indicate consolidation periods. Traders can use moving averages to help identify an uptrend with descending lower timeframe moving...