I wanted to update you on the recent price movements of ETH/USD. Yesterday, the cryptocurrency reached a high of $1,761.96, but today it slipped to an intraday low of $1,727.75. Currently, it moved below a floor at $1,730. However, bulls have stabilized this support zone, with the RSI finding its floor at 38.00. Currently, the price strength is at 38.81, which...
I wanted to share some Ethereum (ETH) trading updates with you. While ETH moved slightly higher, it is still trading below $1,800. In today's session, the price of ETH/USD reached a high of $1,757.89, an improvement from yesterday's low of $1,723.09. The recent surge in price was due to bullish activity at a floor of $1,730, with the RSI bouncing from a floor of...
Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed above it. Last Wednesday’s pullback brought prices back to the line and it’s stayed there since. Has...
NZDUSD had a very bullish market opening. Even though, we see a correctional movement on intraday time frames, Daily time frame still remain very bullish. Before the FOMC the pair will most likely manage to reach 0.618 level. Please, support my work with like!
BNBUSDT is about to make the most profitable wave for position / swing traders at this actual peak as the price action tends to break-down the ending diagonal, in which the price just complete the final (5th wave) leg. All explained at the chart.
Vertex Pharmaceuticals broke out to new highs last month, and now it’s pulled back. The first pattern on today’s chart is the price area around $325, near the peaks in December and January. VRTX has dipped to revisit that level. Is old resistance becoming new support? Second, the drugmaker is attempting to hold the bottom of its Keltner Channel. Third, some...
Drug developer Eli Lilly shot to new highs earlier in the year, and now it’s finally pulled back. The first pattern on today’s chart is the high-volume bullish candle on May 3. The move followed positive Phase 3 data for donanemab, its potential Alzheimer's disease treatment. Second, prices are trying to hold the rising 21-day exponential moving average. That...
Exxon Mobil began the month with a pullback, but now it’s holding a spot that’s offered support before. The first item on today’s chart is the 200-day simple moving average (SMA). XOM bounced at this long-term trend indicator in September and March. Will buyers defend it again? Second, you have a rising trendline along the same lows. Next, XOM appears to have...
I aspire, and expect Bitcoin to recover and resume its upward movement, with $STX ultimately closing the weekly candle above $0.84. Nevertheless, in technical analysis and trading, wishful thinking is not enough and holds no weight. The key is to identify conditions with a high likelihood of success. Presently, $STX has fallen below $0.84 and is expected to...
ERX is a leveraged ETF tracking the energy sector. On the 4H chart it has been in a downtrend since mid-March. IT dropped to the bottom of the high volume area on the long term profile as well as the lowermost VWAP band. Firday May 12th marked the reversal with buying volume replacing selling volume and then a significant rise in price in the past week. ...
SPCE is at a line in the sand of the chaos of the market. On the 4H chart, price has bottomed and might be making a reversal pivot as supported by a rising line segment on the RSI out of the oversold zone. The though of a reversal is also supported by price crossing over the POC line of the volume profile. Price above the POC line shows buyers are...
Trading momentum up to resistance at 137.659 4 hr trend is bullish. Momentum north is strong. DXY is bullish so Dollar is weak. JPY pairs bullish across the board (correlation.
MACD crossover on the 1 day, rounding top on the 1h, 2h, 3h, 4h. Profit targets: 4070, 4031, 3950
Price action is probably leading to retrace at least 27750 to make the minuscule wave 2. Patience will pay swing traders aiming lower lows. On this updating 15m wavw count you see the crystal clear. Look at Chaikin Money Flow and compare to RSI. You can see how good is this oscillator.
Bitcoin has been trending higher all year, and now the cryptocurrency has pulled back. The first pattern on today’s chart is the 50-day simple moving average (SMA). BTCUSD touched that SMA on Monday and today while remaining above it -- a potential indication of a bullish intermediate-term trend. Second, the stochastic oscillator is trying to rebound from an...
My basis for taking this trade is this: 1. The momentum, which is very important to me, is very strong to the bearish direction. 2. There is a significant demand zone at 1.08318 3. There is a racetrack to the left where there are no unfilled orders to impede the sellers.
Another bearish divergence on Chaikin Money Flow as the price action throwback to the upper resistance of the triangle. A swing downward is starting to make a wave-a of a extensive wave-iii, which can b a great position for the day trading. How log will be this wave? Let' see forward. But is very probably that we are in an expanding ending diagonal to complete wave (v).
Potential Head & Shoulders chart pattern for ADAUSDT. The price action will fall to the demand zone. TP @ 14.6% key level of Fibonacci retracement. I'm interested in long till right shoulder logical peak @ the newer local supply expected. Chaikin Money Flow oscillator hidden bearish divergence plus ESCGO_LB in overbought condition.