Interesting breakout of the resistance that followed an accumulation area over 200 SMA and positive divergence with RSI. Now longs have a R/R of 1.7
Interesting accumulation area that is developing over 200SMA support area, Head and Shoulders weekly target suggest a R/R of 2 for longs.
In the last years, BTC touched the 200 SMA on weekly charts three times. During the COVID crash, it also plunged to the 300 SMA. Will history repeat this time? 300 SMA on weekly sitting on 16K or more -23% to go...to hell and back together let's see what happens in the next hours or days. RSI is extremely oversold, even more than Hash Wars 2019 crash. The bottom...
This is what im expecting regarding $SPX price action for the rest of 2022. Some volatility to the upside for the first half of september due to a lower CPI, but still a negative one. After CPI report, market will puke.
$VEEV - everything goes according to plan. We crossed the 200SMA, we might retest back there. There's a huge supply zone around $227-$240 where the stock is struggling today. I own shares and sold covered calls for August 19, 240 strike.
Interesting accumulation process has been developing over past session, bullish momentum will build up even more in case of candles close above 200SMA
Interesting bullish structure developing on FIZZ as prices posted local short term new high, it would be interesting to go long at the third touch of the up trend line, since static support confluences with fibonacci level and 200SMA would act as a dynamic support.
Interesting test of 200MA from a weekly perspective that also confluences with a positive divergence over stochastic indicator, look for longs from a D1 perspective in order to target upper resistance level at 100.
RBLX broke out after over a month of accumulation and chopping around 40-43. Next targets are the supply zone around 50 and then gap fill around 59 and 200SMA around 61. Gap goes up to 66 so it's possible the stock will rally up there. We also have earnings on August 9th.
Hello Friends! Traditional markets are closed tomorrow (6/20/22) and BTC might have an extra day for some positive gains/reaction rally. Be careful here, the macroeconomics are not supporting crypto or traditional markets. Let’s look at some levels to watch. The 200 week ($22350) is the biggest level for BTC to target in the short term. $19,800 (December 2017...
Notice the price action near the green & red lines. Look below the green line (23.61% Fibonacci), there are 2 grey lines and then the orange & the same thing when looking above the red line (76.39% Fibonacci). History shows us that we rarely go above or below the red/green line, and if we look to the right, it looks like it's trying to break below. When price...
We have Bullish Divergence on the 1 Hour RSI bwith a Shortening of the Thrust of Downward Price Action, it looks like this could be the start of a potential reversal atleast to test the 200 SMA
Update on my previous prediction for BTC capitulation. Usually that's a bounce off the 200SMA, but rather than just relying on lagging indicators heres some additional confluence towards that... Looking at 2018 on the left, we can see that the December 2018 capitulation dipped to the 200SMA (yellow line), and also the first point of untested support on the...
Very basic TA here. After breaking the bullish breakout of the triangle pattern to the upper side, we are entering the next bullish move after taking out the resistance at 25.40 USD. Perhaps with a short-term correction and a re-test of the 200's SMA (red).
We have broken above a Supply Line on the weekly after Double Bottoming at the 200 Week Simple Moving Average and are now looking for major follow through in the upcoming weeks.
Had entered @ 1995 with Sl of 1940 on closing basis. Reason:- Inverse H & S pattern, Daily candle taking support @ 200 DMA
We got Hidden Bullish Divergence on the RSI at the PCZ around the 200 SMA on the 4 Hour Timeframe
The markets, while particularly jostled and unstable, are also as equally unsure. We've seen MASSIVE gains for both crypto and the stock market through 2020 and 2021. But what will happen in 2022? MANY predict a continued downtrend. Some predict a massive crash. Others, fueled by hope, think much higher highs are to be made. Is inflation bad for markets after...