Johnny Seville here with your daily dose of Smart Money Trading insights. Today, we're dissecting the S&P situation – specifically, the potential short-term head and shoulder pattern that's been developing. Intriguing, right? Let's get into it! The S&P has been giving off some fascinating signals lately. **We've fallen off the 2022 high and are now potentially...
As we expected from gold, when we said that the selling pressure is more, it crossed the 2048 support area with great strength, in this area we did not have a suitable candle confirmation to enter the transaction. Arriving at the next support area that we mentioned before, by observing the pin bar candle Ascending in the price area of 2033, we could enter into buy...
Traders, As predicted a few weeks ago, altcoins have finally met their downside target of 10-15% (see links to related ideas). But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break...
With the first trade working out on the USDJPY with the move from resistance of the top of the channel to the bottom with bearish RSI divergence its now setting up for another move to the downside with a break of the upward channel. For the second trade I am now looking for a retest of the break, there is some very good support with two trendlines converging...
NATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel. Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum...
In the bustling world of crypto trading, KAS has caught the attention of many as it gracefully maneuvers within the confines of an ascending channel. While the upper boundary may seem like a resistant force, a closer look reveals a nuanced interplay of liquidity dynamics that could potentially propel KAS into a parabolic ascent. Chart Analysis: The Ascending...
Silver is currently at a critical juncture, and a breakout above this resistance could lead to a rapid shift in the overall market sentiment. It's essential to note that we are analyzing a daily chart featuring a bearish channel. In the event of a bullish breakout, the price target would be the width of this daily channel. Given the high correlation between...
DogeCoin (DOGE) has transcended its meme origins, showcasing resilience by trading at elevated levels compared to its historical lows. The chart narrative unfolds within a descending channel, a setting that historically paves the way for intriguing price action. Let's delve into the DOGE dynamics, balancing on the edge of a potential bullish breakout. Chart...
Stock has broken the resistance and the channel breakout and shut above 283. Can buy at 283 and add on dips till 244. Target of 486 in short term.
ROUTEUSD is about to break out of a long period of consolidation within this channel. Higher lows forming, only a matter of time.
Is RNDRUSDT exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 2.8 followed by 2.4. What you guys think of it?
Let's take a look at the AUDJPY 4-hour timeframe chart and explore the potential buying opportunity in this pair. Price yesterday successfully broke above the short-term bearish channel, aligning with the higher timeframe market structure, which adds to the possibility of the price intending to move higher. Currently, the price is situated at today's Pivot area,...
MKRUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline. Currently the price has given the breakout from falling trendline and now forming a local support around 1400 region. Will the bulls take charge again continue for leg higher?
Hello, traders and friends. Let's analyze the GBPJPY 1-hour timeframe chart and explore a potential buying opportunity in this pair. Yesterday, the price successfully broke above a Daily bearish channel that had been pushing the price lower since August 21st. This impulsive breakout to the upside suggests the potential for the price to move higher, possibly...
same like heading always follow Flag channel double top breakouts now near by his 52 week high monthly brekaout good to see next breakout plz follow entry is not now but in few time that executed and run well
Multiyear channel breakout Stock. Keep it on watch list for long term
Crypto Total 2 has broken down the upward channel and has tested the supportbelow it, now we can see this weekly candel is now open and heading upward. besides that we can see an obvious RD + in MACD and MFI. and Elon Musk just tweeted again! so in my opinion we are about to see a pullback to the broken channel and after that we have to see if there is any sign of...