After fibo 61.8% retrace LI tested the upper side of the ascending channel and retrecaed back to fibo 50%. This area is acting as an important support and yesterday' formed a Bullish engulfing candle. If we close in green today the engulfing will vallidate and it will either test the next fibo at $40 or the upper channel. If it cant break that expect a correction...
CHD is offering a good Risk/Reward play. Bounce off the 200MA and Bullish Engulfing Candle. If we get a bullish push we can even reach the trend line and try to break out. Possible entry here with a stop just under the 200MA. Investopedia definition:<>
Hello traders and investors! Let’s see how NIO is doing today! Ok, NIO is dropping today, but I see no reason to panic. Right now, NIO is doing a Bullish Engulfing , above a dual-support level made by the purple line at $ 50.50 and the 21 ema. This purple line is my guide for the short-term, as we discussed in my last NIO analysis, which you can check in the...
Hello traders and investors! Let’s see how Tesla is doing today! First, it is trading near a support level, the 21 ema, which is holding the price quite well. If TSLA loses the 21 ema then it would seek lower support levels, like the red line at $ 521, or the black line at $ 641, but since the trend is bullish, we can’t count too much on that scenario. The odds...
Hello my friends, Another setup for next week is NZDJPY pairs. As you can see NZDJPY pretty much bullish since breaking above the 5 months flag pattern. For me, there is still further upside for this pair. The measured objective of that 5 months flag pattern was around 800-900 pips in my opinion. We could see NZDJPY continue to the upside until 76-77...
Large activity in CarGurus since this name typically trades less than 400 contracts per day. On Dec 11, 5,000 Dec $25 calls closing for $3.40. 5,000 Dec $27 calls bought for $2.00. 3,800 Jan 2021 $29 calls are trading; most bought for $1.55. The golden cross is almost there (50 dma cross over 200 dma). Analyst Davidson gave the stock an upgrade friday. Beware FOMC...
XAUUSD (Gold) Target Price 1973.73 and 2074.98
XAGUSD (Silver) Target Price 25.989 and 28.173
Hello traders and investors! Let’s see how NIO is doing right now! Well, the support level we discussed last week at the red line ($ 42.51) seems to be very strong, indeed! NIO retested it on Friday, and today we have a good reaction, which is a good sign. The first hour candlestick could be an Ignition Bar, and the green line at $ 46.30 is a new Pivot Point ....
EOS, along with ETH and TRON, is one of the three most popular decentralized platforms in terms of amount of dapps, # of users and overall transaction and volume. It is down more than 80% from ATH and is one of the top 10 most popular coins on CB. However, there doesn't seem to have any short-term catalyst for price momentum according to derivative data and...
Hello traders and investors! Let’s see how Tesla is doing today! Ok, so Tesla was added to the S&P 500, and this is giving fuel to the stock right now. In my previous analysis, we discussed Bullish Engulfing , which was our last entry point on Tesla. Now it is too late to buy, but we could see an opportunity here if Tesla does a pullback. And if you missed my...
Hello traders and investors! Let’s see how Tesla is doing today. It’s been some time since my last analysis, so, let me give you guys some updates. And the link to my previous analysis is below, as usual. First, Tesla is trapped inside what I like to call a Trap Zone , trading above the support at $ 406, but under the resistance at the 21 ema, and the price...
below 114.89 invalidates the set-up
A structure trade that has a buying opportunity as market pullback 50% on Fibonacci Retracement and it that offers target1 to have 1.5:1. The candle was above both moving averages, and the target1 coincide with the area for potential shorting opportunities of both Deep Bearish Gartley Pattern and ABCD Pattern. Trade engaged with tight stops.
NASDAQ:UAL After Bullish Engulfing + hammer candle rsi 14 have a support line in 40 level volume is bullish
The Price has break consolidation area on weekly time chart, one final touch to the upper line of the Rectangle then the price may fly away.
After the massive distribution and deep correction ended at fib 61.8 and EMA 200, it seems that LINK's buying pressure has returned. I expect another re-test in the demand zone after the price reaches the supply zone because BTC is still short-term to mid-term bearish.