Since printing a SL on 2023-08-18, AMEX:SPY had retraced 38% of the 2023-07-23 decline. Selling pressure remained heavy; though three of the four candles were positive, every bar dipped into the body of the previous bar approximately 50%. So while it seemed like a BTD, it did not seem like there was market consensus prices here were too good to pass up. We have...
Tvsmotor is trading in rising channel from last 10-12 trading sessions & it broke out of its rising channel with decent sort of volumes. Could be bought with mentioned stop-loss & targets.
price broke out of an ascending patter with a minor ascending pattern that may signal that the bullish momentum might change to bearish momentum, basic knowledge is that ascending patterns end up breaking to the downside, therefore in this type of pattern we are looking for a sell
Wow, do I need to say anything else? The bullish price action in Ethereum is warranted given the Macro environment, but if you remove emotion from the chart there is clearly a bearish divergence noticeable on this log scale chart. There's merit for an Ascending Channel which is outlined in GREEN, time will tell.
Litecoin (LTC) has formed a new Bullish Ascending Price Channel on 15 minute and 5 minute candles. Support is moving up and LTC is revisiting some key resistance areas from this afternoon and yesterday. Remember the market likes to go where it already has been. Crypto's are very strong right now both ETH and BTC at ATH. Look to segwit completion, coinbase...