The SPY is once again hitting a new all-time high today, with the market looking optimistic. As long as it continues to show the pattern of higher highs/higher lows, bullish sentiment will prevail. Last month, I made several warnings that we shouldn't try to guess the top, and that the trend is upwards. The only thing that could reverse the situation would be a...
TSLA shares have corrected to the support level we identified in our last public analysis, in the vicinity of the green line at $230, between the 50ma and the 200ma. In fact, it looks like the 200ma is serving as our last support, since the price is bouncing right back after hitting this indicator. The link to my previous public analysis is below this post, as...
TSLA's shares are collapsing, even though the company is beating vehicle delivery expectations. This can be explained by the fierce competition coming from China, as TSLA lost its position as the world's biggest seller of electric cars to BYD in the last four months of 2023 - even though the American company managed to beat its own expectations. This not only...
50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same...
On Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785. Note: BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern. BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern. Take Note of the Liquidity...
AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase...
Will it be a Rising Wedge or a Falling Wedge? Interesting times ahead for ADA.
It’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white...
Welcome XRP friends! Wondering where we're going? Here are some things to consider : As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA Look at the fork and see if it makes...
Let’s have a look at the BTC/USD 1 week chart and see what this chart and indicators are telling us. BTC is still in a massive Falling Wedge Pattern. BTC is also still in a massive Ichimoku Y-Wave pattern. Note that the 50MA is still traveling DOWNWARDS towards the 200MA so we still might see a Death Cross on this 1 week timeframe. At the moment of typing...
Looking at the BTC/USD 1 week chart, we can see that the 50MA (Yellow Line) is now getting really close to the 200MA (Red Line). A crossover would signal a Death Cross on this 1 week timeframe. Looking at the entire history and available data on this BTC/USD 1 week chart, we can see that the 50MA has never crossed under the 200MA on this 1w timeframe. Note that...
Let’s have another quick look at the VET/USD 1w chart. Here is a closer look at this 1w chart. VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul...
Indicators - • CM_Ultimate RSI Multi Timeframe • CM_Stochastic Multi Timeframe • CM_Stochastic Highlight Bars Ticker - QUANDL:MULTPL/SHILLER_PE_RATIO_MONTH – Now I cannot seem to find the ticker through the search of Trading view. However, I found this by clicking on a post made about this ticker, opening the full chart, and adding it to your watchlist. (If any...
If the 1 day 50ma (in orange) is flipped to solidified resistance the h&s will be validated and the price will fall to the red target I posted here…it will likely also retest the 200ma not long after that.
Quick BTC/USD 1 week chart update: BTC is in a massive Rising Wedge Pattern. BTC is also in a massive Falling Wedge Pattern. At the moment of typing this, BTC is still back above its 200MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its 50MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its...
Hi everyone Daily" XRP broke trend a strong trend line, while leaving behind a Death Cross like many other currencies. Following BTC Also I see the formation of a Head and shoulders that has sent the price down to the next local support level. XRP has to over come selling pressure to keep it self above the current support $$0.76, If failing to do so we could...
Hi everyone Daily" Rebound up from trend line. Stoch RSI crossed up on over sold area. Strong sign of having had reached bottom daily looking to come back up and retest 50Ma. Possible price target $190 if gone over this resistance we can see a long move all the way to $240 if bulls keep on our side. ALWAYS look for extra confirmation on any trade, Anything...
Hi everyone Daily" Going short ADAUSDT RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji' Possible drop to $1 If bears stay strong,...