Todays chart – IOTXBTC – testing resistance of the descending triangle formation as it nears the apex. Points to consider: - support and resistances converging (apex) - Trend bearish (consecutive lower highs) - Bullish Price action (testing resistance) - Support confluence - RSI above 50 - Low volume IOTX has formed a mature descending triangle (typically...
Todays Analysis – DASHUSDT – Consolidating in a symmetrical triangle, nearing its apex where a breakout is probable. Points to consider: Multi-confluence resistance cluster Support and resistance converging (Apex) Declining volume RSI showing weakness DASHUSDT has been in a multi-week no trend scenario, trading within a contracting range where resistance is...
Evening Traders, Today’s Analysis – ETHBTC – Trading at key structure, daily structural support is in confluence with down the down sloping resistance, ETHBTC is in its Apex. Points to consider, - Double bottom trend - Trend line resistance (Lower highs) - Daily Structural Support - Stochastics overextended - Apex (break imminent) ETHBTC is trying to establish...
Todays chart - SNTBTC – Respecting a healthy uptrend, impending the apex zone where a breakout is most probable. Points to consider: - Nearing its Apex - Volume Declining - RSI breaking 50 - 55 EMA (visual support) SNT BTC trading into trend resistance, historically leading to impulsive breakouts. Volume has clearly subsided, indicating an influx being...
Evening Traders, Toady’s Analysis – BTCUSD – establishing a bull trap, now trading back into its apex where a breakout is probable Points to consider, - Strong resistance cluster (Bull trap) - Support and resistances converging (Apex) - RSI and Stochastics showing weakness - Volume declining BTCUSD has had a sharp sell off at resistance cluster, trapping long...
Trend line broken, retest of the trendline from below right on the apex of 3 important trend lines. Sentiment is abnormally bullish for this kinda price action, so I have to act exactly opposite of the herd.
Evening Traders, Today’s Analysis – BTCUSD – forming a falling wedge pattern that is YET to be confirmed. A break of resistance needs to come to fruition before a long trade. Points to consider, - Bullish falling wedge - Apex approaching - Demand Zone (Strong support cluster) - RSI below 50 - Stochastics projecting higher lows - Volume Declining The...
Evening Traders, Today’s Technical Analysis – BTCUSD – a breakout is imminent as support and resistances converge. Points to consider, - $10,000 Psychological Resistance - Up sloping support - Declining volume (Apex) - Range Median - RSI above 50 - Stochastics equilibrium BTCUSD’s current price is above its range median, .50, currently trading under the...
Today’s Technical Analysis – USDCHF- trading in equilibrium where a break is imminent Points to consider, - Structural resistance (bearish retest) - Declining volume - Apex - RSI at 50 A break in USDCHF will be imminent as price continues to reach its apex. The support and resistance lines will converge leading into a break in structure. The structural...
After breaking out of price consolidation (yellow rectangle) it’s crucial that the bulls keep oil above this price point and move to the apex depicted in the chart. A break of the inner upward Trend line will see oil back into the consolidation point so its imperative that the Bulls keep at these levels or above. A Rise to 32 (R1) will see some bears to contend...
APEX FROZEN - OBSERVE PRICE ACTION NEAR 175-170 levels The structure of stock still looks weak, so currently its better to avoid any trading in it, though it has created a good support zone near 170 levels, hence any pullback towards this level has to observe carefully to find any trading opportunity in the stock
Evening Traders, Today’s Technical Analysis – USDCHF- a clear symmetrical triangle at pay, price is approaching its apex before an imminent break. Points to consider, - Trend Bullish (Consecutive higher lows) - Support and Resistances converging - RSI neutral (Above 50) - Stochastics in upper regions - Volume declining The immediate trend is bullish with...
S&P 500 futures ( CME_MINI:ES1! ) slide more than 1% in the Asia session after OPEC plus reached a deal in record oil production cut of 9.7 million barrels per day. On the hourly timeframe, S&P 500 futures dropped sharply at the opening candle to below the support level at 2750. Subsequently it is forming an apex formation during London session, suggests...
Hello Traders, Today’s chart update will on BTC’s immediate projection- we have a probable diamond formation which serves as a bullish continuation pattern. Points to consider - Trend travelling into apex - .382 Fibonacci as local support - RSI respecting trend - Stochastics in lower regions - Volume declining - VPVR area being tested BTC is closing in...
Hello Traders! Today’s chart update will be on BTCUSD where we have a parabola forming, closing on a key Fibonacci retracement level indicating a probable blow of top. Points to consider, - Trend broke key resistance - .382 Fibonacci - Structural resistance in confluence with .618 Fibonacci - Strong support from 20 week MA - RSI entering...
Arcadia Biosciences, Inc. Highlights: Insider Trans 324.51% Market Cap 49.80M Shs Float 7.01M Consensus Price Target: $17.00 / 195.65% upside Plenty of catalyst for this kid, Hemp, soybean, wheat & Nitrogen fertilizer is the name. Easing trade tensions could play a factor in better prices for soybeans and wheat. Already seeing a high demand for Hemp, an...
WAN/USDT can break this giant trend line. Be ready for BreakOut