If you haven't read my article about meme coins: Then the heightened RSI level of 99 for FLOKI signals a potential correction on the horizon. Such an extremely high RSI often indicates overbought conditions, suggesting that the asset may be due for a pullback. The price target, as per the Fibonacci retracement tool, is: $0.00000697
BLUR serves as the governance token for Blur, a non-fungible token (NFT) marketplace and aggregator platform. BLUR Market Cap is $813Mil BLUR Fully Diluted Market Capitalization is $1,96 Billion! 49.46M $BLUR(about $32.50M) was unlocked yesterday and they will be unlocking more coins next month! I have a rival to study for comparison, Rarible and its token RARI....
Context: BNB is the only crypto chart which "only" dropped approx. 74% from its ATH in 2021... The entire crypto space has been bleeding out, but BNB has been hovering around up there. Why should it drop down to $43.20? Because the chart says so, that's all I care about. What needs to happen for that drop? I don't know, but I have a theory. Binance holds large...
SP500 is making a sharp reversal, so it appears it was failure break higher after that overcrowded trade when everyone expected 4200 to be a major breakout point for the bull run. We also see USD still in bullish mode which can extend gains much higher now if stocks will be in risk-off mode. Looking at the SP500 price action, we see price falling below the...
The title says enough. We might be in a similar type of rally like we had in 2017, which means that you won't be getting any chances to buy lower after corrections. 12 Jan 2023 is when BTC began pumping, just like in 2017, I have used the bars pattern from that period, that pump lasted until a blow off top in Dec.
NZDUSD tested trendline and going lower with today's riskoff market. To know with absolute confidence is impossible.
It's that time of the year again, the Christmas sell-off is a much anticipated event as it repeats every single year. After the weekly close below the dotted line around 17K the market signalled its most likely direction - down. I'm expecting a big nuke candle to clear the 11.5K level, HTF close above the green block EQ and finally but slowly, move towards the...
NZDUSD will probably make a Lower Low with this week's risk-off market sentiment. To know with absolute confidence is impossible.
The EURGBP is still maintaining the downside direction. We are trading in a Double zig-zag correction pattern. But we must see the (X) wave initially make a minor zigzag correction in the upside direction. The upside correction might not be very deep it might not even reach the 61,8 Fibonacci level. What you have to realize is that we had a similar pattern on...
USDCHF has been trading in an impulse wave. Price now formed an Ending Contracting Diagonal on wave 5 suggesting that the impulse is now complete. Elliott Wave is a study of human psychology as we as humans have patterns in our behaviors. To put this in terms of the charts or technical analysis in a bullish trend, wave 3 is where there is a bit of hope and a lot...
AMZN price probably going lower. Current riskoff sentiment, today's hotter CPI figures favor short here. To know with absolute confidence is impossible.
Nasdaq, si,liar to SPY has made 2 diamond patterns in May & June leading to a reversal with positive Rsi divergence. Could it be repeating similar set-up this Sept-Oct? It is currently hovering around the mma50+wma200+June low zone. Sometimes prices break a little below the diamond pattern first eating away the cut-losses before a reversal. If NQ makes another new...
BTC keeps returning to the pivot line at 19500 which also acts as a support. It is also barely holding the base of the triangle as support. Bollinger Band is squeezing for a big move soon. As for now, the Head & Shoulder pattern neckline is still not yet broken, suggesting much lower prices if the neckline breaks. We just have to wait which way it breaks. If...
Shortest short short short 230 and 215 support lvls are to watch. Tech breaking down with yields shooting up. SPY currently at bounce zone though so i'm currently indecisive, lets see what Powell has in store for us..
This pattern is extracted from the US2000 H1 price action. It matches the NDX/XLP ratio quite perfectly so far, suggesting more de-risking across markets. A good short opportinity with a tight stop loss in place
FX:AUDJPY Witam, Sentyment : risk-off envoirement, inflationary. Fundamentalia : migracja kapitału - wyprzedaż High Yield (CAD, NZD, AUD), kupno save-havens. Chart pattern : Head & Shoulders. TF : H4-H1. Wejście : po retescie neckline + price action + MACD confirmation + CCI 20 0 line overbought retest. Wyjście : luzowanie polityki monetarnej FED...
Fundamentals: + Exposure to "Risk-Off" Utilities. + Biggest E.U nuclear power operator. (52% of E.U Nuclear power comes from plants run or used by EDF) + Need for upsizing given the Russia-Ukraine commodity constraints. Opinion: EDF is undervalued at its current price. As the situation with Russia deteriorates, as an energy partner; a "Risk-Off" idea, presents...