3 weeks have pass since October. I was wrong about the bullish hammer. I expect to go up today but it went down. One pattern I hesitate and over look was the head and shoulder pattern. The price action today confirms the head and shoulder patterns. Interestingly back in September the same thing has occur. And now what to expect October. Will the algorithm repeats?...
Hello traders and investors! Let’s see how PLTR is doing today!
First, in the 1h chart, we see a crystal-clear bull trend, as it is doing higher highs/lows. The trend is not as strong as we would wish for, but it is looking good.
The $ 24.71 is a key point for us, as it was the previous top, and it is supposed to become a new resistance for us, and at the same...
$ALGO has been consolidating for weeks now, since the mid-september move after hitting 2.50.
The 1.55 area has shown strong support after being tested multiple times in late September. Each time on less and less volume, indicating that selling pressure is waning.
Price is currently bouncing off its 50EMA and the bollinger bands are tightening. I still think we...
AMEX:ARKF daily looking very bullish:
Broke the top trendline
MACD crossing positive
20 and 50 EMA are tight and turning up together
Has a series of 3 rounded bottoms
The bottom may be in for Virgin Galactic (SPCE). As you can see, SPCE has bounced from this trend line 5 other times in the past. There was one instance where it broke beneath this line with force but the catalyst was based on false news (rumor that flights were grounded until 2022).
For investors and traders alike, this may be a great entry. There is still a...
EXPR putting in a bottom and finding strong price support at this level from earlier this year. Also catching two significant long-term trend lines.
Price holding/testing this range for the last 3-days = bullish
Indicators oversold/turning back up. MACD bullish cross on deck.
Adding to shares.
Not financial advice.
Important things to note:
BTC retracting has started.
I do not see BTC going past 46k.
ADA chance for double bottom on 1D
Double Bottom would produce a target of 2.62.
This would smash the resistance level.
Pattern would also create a cup for further targets.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
The BTC FOMO buying finally...
ADA is looking like it is ready to break out on the ADAETH chart. We've got a reset on the RSI so there is room for the bulls to buy without ADA quickly becoming overbought while if you look at the historical pattern of ADA versus ETH on the daily you will see that this chart is due for a rip to the upside. Not financial advice.
1. Indicators: RSI, MACD, and KDJ is well setup for a run.
2. Price and Volume just looks like the hulk wanna break out.
HOWEVER
1. financially pessimistic numbers and weak earning power
2. the past price performance is with doubt it will ever perform
3. the general "BIG TREND" is a downtrend, the consolidation started Aug 13 might just be a correction of the...
FTX:RAYUSD looking pretty crazy, i cant remember if i have ever seen a quintuple Bottom on a Chart before. This could potentially confirm a bottom to traders and rn would be the lowest risk entry because its pretty easy to manage risk at this level. If RAY closes a daily candle or even a 4h below the $8.986 level, it will probably fall much lower. But since its a...
VERI :
Nice multi weeks bottoming pattern below 22.60 for this good growth name.
We're now above this line and I see it as a good opportunity to buy for a swing trade, with a stop below 22.60.
All resistances and targets on the chart.
Trade safe!
Seems i was a bit early on my previous attempt to identify a bottom but an inverse head and shoulders seems to be forming. It has a longer, less volatile, accumulation feel from $23-$25 the past 3 weeks. Time will tell but this is already down (-77% YTD).
Poshmark has had good news developing from partnering with SNAP and expanded to Australia and India and...
Yes, it seems like the bulls are getting ready to attack!
IF the silver price overcomes the 23.6 % Fib level and 50's MA with a sustained close around 23.30 USD, it would be time to fasten your seat belts.
IF XAG/USD doesn't overpower this critical resistance area and is making a move to the south, I would take another short trade into consideration. But this...
CGC looks ready to pop. RSI curling up and price action indicates that this is the bottom. Call options are super cheap so I added a small position in anticipation of break above trendline.
The QQQ is testing the bottom of its range.
Stochastic RSI has been helpful to signal a bottom, once %K goes above %D while testing the bottoms range.
There is also a horizontal support line from the last week of June, which was a breakout to all-time highs.
Risk-reward-ratio is great placing a stop below yesterday's low, and a profit0exit at the top of the range.
