Technical Analysis (TA)
Monthly oversold and Williams %R showing signs of a reversal.
Weekly MA's resistantce broken and held key 100MA as support. Needs to break Monthly 10EMA to show upside momentum.
Price Target
Entry : $281
Price Target 1: $315
Price target 2: $350
Fundamental Analysis (FA)
Strong Quality Screen and metrics.
Possible bear pennant formed running into the curved resistance down to the .886 from the Covid crash low. We'll see if it follows through.
DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
Hello TradingView community, today we’re looking at AVAXUSD as price remains in a solid-looking downtrend. We are watching a consolidation pattern that could be a descending triangle or a wedge type pattern in the existing trend.
The key for us is at 28 support. If sellers break this level, the continuation could be on, and we would like to see a new LL set to...
USD/CAD has been moving down recently following the formation and breakout of a pennant on the daily chart.
Price has now formed another pennant on the 1H chart.
Price showed strong rejections off the previous support with a bearish engulfing pattern
The price impulsed downwards and then started correcting. In such cases, another impulse or move downwards may be...
It seems that Bitcoin is forming an Ascending Triangle on the Daily TF. Following are some Key Takeaways to consider.
The trendlines of a triangle need to run along at least two swing highs and two swing lows.
Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing...
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
LOOKING AT THE USOIL
* The ENERGY is currently trading in an uptrend , just consolidated, broke out and retested the structure .
- Short term the pair has currently at the supply zone could go lower but looking for possible continuation with the bulls.
- Looking for LONG entries on the THE CRUDE this...
HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.
* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair just broke...
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE AUD / USD PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair has currently entered a down trend as...
HTF - Structures received a false BO and formed a double top pattern and moved impulsively to the downside.
LTF - Market currently stuck in a correction continuation pattern, further bearish momentum expected, however, it is reaching the bottom of the HTF ascending channel, so further precautions should be taken if price impulsively moves up.
Sketched this a few days ago and still going as predicted...
As we know, BTC still on the bull uptrend. For 2022 this is my prediction. We are currently sitting on a downward continuation bull flag/downward channel, and within that channel, there is a small flag reversal just right on 61.8% ($44,589) FIB and this could be the pivot point to start moving back up...
If we could do measured moves on the log chart the same way we do on a linear chart then this pattern would be calling for a breakout target of around $700. That’s sounds way too extreme to me so I doubt you can apply the same measured move techniques from a linear chart to a log one. Would be happy to be proven wrong though. One thing I know is it’s gonna...
ON NIFTY50 Daily chart we have seen a 300 Points straight fall in the Friday trading session. The Index is falling with every rise.
The market cycle in the daily time frame chart for Nifty made a bearish long day candle on Friday.
This candle completely engulfing the long bull candle of the previous session. Technically, such patterns are formed at the highs,...
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD.
- completion of the INVERSE H&S ON higher time frames played out well
here's where we were last trading week
- reversal at 61.8% fib level
- LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR and possibly a retest...
I last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there.
Due to the current market correction the stock did slow down but now is looking to continue its move.
The tight consolidation it was in during this short correction indicates that institutions were...
Major Bullish Signs on SOLUSDT
All the analysis Part is viewable on the Chart.
Investment advice:
I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation.
As for now it is possible to scalp the asset...
Voila - a skew 12y arc with Silver
THe consolidation is related to the las tone, with importawnt differenece
- is up stairs ans down elevator - BULLISH vs opp 2011
- entered from below, so a continuation b=pattern, not a typical bullflag per se
- gradients clear, and spell $44 target
- bouncing off RS!50? 0- funny that lines up with MICHAEL OLIVER's watershed
• Price has broken out of a bigger channel so there’s a 90% chance of it going to the bottom of structure
• Downward trend with a pullback correction so there’s a high chance of a continuation to the downside
• Price has formed a rising wedge which is a reversal pattern and is currently at the top of structure
• Price is at an area of daily resistance which...
