Hey Everyone, A piptastic day on the charts today kicking off the new month with blues. Yesterday we got the lock below 2327 opening the retracement range, which was hit perfectly and gave the 30 to 50 pip bounce inline with our plans to buy dips also covering any premature entries. We then stated that we will now wait for this area to support and head for the...
"That's a HUUUUGE wick" - Deuce Bigalow Not uncommon for PA to come back down to touch the 20ema - which intersects a big trendline AND illustrates a backtest to the broken downward trendline. I anticipate this move happening fast, and could be combined with a minor market drop overall. Exo-political situation that's escalating is the USDJPY - and the BOJ is...
Major Wyckoff horizontals identified. If the inverse head and shoulders finishes painting this is an easy long.
As We Talked in The Previous Analysis: The Price Broke The Support Level (1.07431 - 1.06950) . At The Moment, The Price Has Pulled Back to This Key Level Which Has Become The resistance Level. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Higher Low (1.06780 - 1.07245). We Will See a Bearish Move📉 TARGET: 1.05755🎯
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-Fibonacci Extension -Volume increase Faraday Future has been known for its ambitious goals in developing electric vehicles with advanced technologies. However, as of my last update, the company has faced various challenges, including financial difficulties and delays in bringing its vehicles to market.
Ok, probably standard accumulation, see schema. Wyckoff accumulation schema. IMO I would be patient.
Solana (SOLUSDT) is now trading below EMA10 weekly but we are going to be looking at a different signal right now, one that came out recently before last week's drop. Whale alert! — Whales are moving around billions of dollars worth of SOL. 👉 Transactions in the tune of $817M (2x), $782M and $682M are exchanging hands right now and the last time this happened...
The semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks...
JSE Top 40 index: Thursday 02 may 2024 As per Tuesday’s pre-market above, the index traded higher followed by a failure to hold it’s highs. This resulted in what’s known as a ‘dark could cover’ candle formation. The price action is reflective of short term selling/distribution following the strong preceding upside move.
XAGUSD - Silver the next best opportunity to re-enter on the buy/long side appears to be at the rising trend line/75-EMA. This is a provisional view.
With the current bearish sentiment and large correction in the crypto market we look into the Bitcoin Dominance Vs Altcoins & USDT. Both Bitcoin and Altcoin dominance is going down in the current market correction and cash equivalent USDT dominance is breaking out. Does BTC dominance bounce at the bottom of the channel as we saw in recent history. Alt dominance...
#Bitcoin momentum is falling apart on daily chart, now negative and accelerating downwards. Remember, once you realize you are in a correction, you can either: 1) Stick around and hope it resolves upwards 2) Exit and let the dust settle The second option is NEVER wrong.
BTC Dominance is breaking a trendline on Daily Time Fame and on support at 54.16% if the breakdown down is confirmed then we might see BTC.D continuously retrace towards the lower zones this is a good sign for alts and is possibly the start of the biggest bull run ever. Be patient and get ready to witness the massive run. Save your portfolio from futures trading...
Confluence of Support: Flag pole downside target around $52k. Bottom of parallel channel we should bounce as we have done recently at the bottom of the channel 200 Day moving average around $50k so near the 52K That said we still have strong bearish momentum. Price is expected to down to $52k. At that price target we might flip bullish. Are you bullish or...
BUY ABOVE - 49480 SL - 49250 TARGETS - 49670,49850,50000 SELL BELOW - 49250 SL - 49480 TARGETS - 49020,48800,48630 NO TRADE ZONE - 49250 to 49480 Previous Day High - 50000 Previous Day Low - 49250 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
🔔We eventually broke below the PML line and the buy zone turned into a resistance zone. 🧠From the graph, we can see that we are falling all the way following a zigzag pattern. The price is about to enter the buying zone on the daily and weekly lines. The strongest short-term support zone is 50636-52888. When the price reaches this zone, there should be good...
Advanced Micro Devices Inc. ( NASDAQ:AMD ) is grappling with investor disappointment as its projection for artificial intelligence (AI) chip revenue fails to meet lofty expectations, triggering a notable decline in its stock price. The chipmaker forecasted revenue of about $4 billion for its MI300 lineup, an increase from previous estimates but below analysts'...