BTCUSDT made a beautiful corrective C-multi-wave pattern, which surprise terminus finished with an 5th wave leg-up that surpass the trend-line, after an ABCDE triangle. In the Wyckoff Method narrative we can call it an upthrust movement in phase c of a distribution. About the wave count, the entire triangle is an contracting ending diagonal of a corrective wave C,...
BTCUSD reached further the supply area in overbought condition. A potential decrease of 7% can occur if the price action interact with the anchored VWAP from ATH. This potential movement can ignite an impulsive 5-wave bearish exiting of this big diamond pattern, which is likely complete. Fisher Transform suggests the direction of the price action in 2H and 1D...
BNBUSDT is about to finish the 5th wave of a contracting ending diagonal. 12% drawdown can be expected as illustrated on this 1D chart. Price action on intraday below volume POC. According to my wave count, BNBUSDT is likely to be enter in a 5-wave swing-downward correction to made a lower low amid 160 USDT price @ least extending down 1.618 from the ABCD...
GALT looks very similar to FUV back in Jan '21.
Expecting a swing downward. I'm dislplayed on this 30m chart all passible bearish correlations. No doubt about the price action ahead. Daily overbought condition. I'm expecting sell-off.
Potential bearish trend reversal expected. Projecting BCD reciprocal targets extending 2.618 and 3.618 aiming local demand zone. That's a potential wave 1 to ignite. Wave 2 about to extend Fibonacci @ 61.8% (future local supply). Technicals: * Fisher Transform cross; Overbought; * Chaikin Money Flow hidden bearish divergence:
Highly bearish confluences of strong signals on 1D chart of ADAUSDT. The price action reached supply. Double top formation. Overbought. Heading downward. Potential Head & Shoulders scenario development till the final of April. Grey area is a not-trade-zone. Technicals: * ABCD reciprocal .886:1.128; * Fisher Transform bearish cross / bearish divergence; * Chaikin...
Looking at the Bitcoin quoted chart on the left side, we have a bullish divergence on volume, as per the Stochastic Momentum Index (SMI) of Money Flow Index (MFI) indicator. On the chart quoted in Dollars, a divergence was signaled beforehand in the ROC (Rate of Change), allowing an entry at the breakout of the 0.91 value.
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Taking a quick look at Stellar / XLMUSDT which already increased nearly 60%. This is an altcoin that's been on my watchlist since early...
My dear friends, This is my opinion on the EUR/JPY next move: The market is trading on 144.0 pivot level. Bias - bullish. Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 144.7 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend...
Artificial Intelligence (AI) has become a big theme recently. Let’s take a look at Samsara, a newer company with potential exposure to the trend. The first pattern on today’s chart is the price level at $17.49 where IOT peaked last August. Notice how the stock paused below the zone on March 2, and then ripped higher after quarterly results beat estimates....
Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue? The first pattern on today’s chart is the 50-day simple moving average (SMA), which the electric-car maker tested and held at the start of last week. The 50-day SMA is also rising for the first time since last...
SPCE is losing money for 4 consecutive quarters showing that it is fundamentally a losing proposition, perhaps destined for bankruptcy or alternatively share dilution to raise cash which would prejudice present shareholders. Perhaps these scenarios are baked into the price. On the 4H chart the long downtrend dating back 2 years has continued. After the turn...
Chinese Internet stock Baidu more than doubled between November and early February. Now some traders may be eying its current pullback. The first pattern on today’s chart is the $131 area. It was a low on February 24 and again last week. Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA on February 8. That may suggest...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- Please understand that the 'Vol & Trend' and 'Strength' sub-indicators are a synthesis of existing indicators, and cannot be disclosed because they have been judged to be unsuitable for...
Snap has been rallying as lawmakers move against TikTok, but traders may be selling the news. Today we’ll consider the daily chart of the social-media company, which has struggled since growth names hit the wall over a year ago. The first pattern is the jump above $12.50 on Tuesday, fueled by the news from Capitol Hill. SNAP failed to hold those gains, resulting...
Nike pulled back along with the rest of the market last month. Is it creating opportunities with quarterly results later in March? The first pattern on today’s chart is $116.75. It was the low a year ago and near the high in mid-August. NKE paused there in December before continuing toward $130. The athletic-apparel stock is also bouncing above the same zone...
Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is $104.76, XOM’s previous all-time high from 2014. Notice how this level was resistance for the energy giant last June, followed by an October breakout. Prices probed and held the same area in December and January. Has...