Update for GBPJPY. Earlier, I shared a very bullish forecast for the pair on a daily. Analyzing the intraday price action today, I see strong confirmations of my predictions. On a 4H, the price broke and closed above a resistance line of a falling channel, retesting the broken trend line, the price formed a double bottom and violated its neckline. We can...
From the class of 2017 ICO boom Showing signs of a recovery pump should you participate ? You should always lean into fresh altcoins with a strong narrative when you can. But sometimes the older coins can provide action in the dull moments when other coins are consolidating ..
I've just now started scaling in to this TSLT position. In NASDAQ:TSLA it could be, that with a double-bottom the price correction is finished. Along with some fundamental news I'm very bullish on Tesla - so let's see where it goes. ;)
Now looking at the daily timeframe I have marked out levels of support as well as areas that further support a bullish bias. Let's go over them. - The grey boxes are daily bullish FVG that have been respected. - The first respect was on 3/21/24 and we saw a bounce in price to take out the daily FVG stop marked on the chart. - The price move that took out the...
Overall, 30 is still bullish. But we have three things (inefficiencies) pulling price. TP might be a bit ambitious so take partials after closing every inefficiency. Price can also break the ATH before selling (false break), so be on the lookout.
Technically and fundamentally #Ordi should be a good a pickup for this next cycle Bitcoin ordinals will be hot for a while at some point :) 21 million supply is obviously a good narrative Bringing speculation to the #BTC chain obviously good for attracting speculative capital flows $5.75 target could be archived in the next couple months.
NYSE:UNH reached 450 $ recently. From December 2021 never reached bellow this level. It tried 450 $ six times and bounced back to 550 $. From December 2021 NYSE:UNH is is swing in a channel between 450 and 550 $. In weekly chart, it is on 200 days moving average, which seems a very strong support. From December 2021 it always trades above 200 days moving...
Fundamentals: - Xerox on March 2024 offered $50 million of 3.75% in Convertible Senior Notes due in 2030. - I guess Xerox is getting into 3D printing and they are trying to "RE-INVENT" themselves. They have a heavy amount of cashflow. However, SMCI (Super Micro Computer) is a competitor and SMCI is booming as a leader in its industry. - Xerox currently pays a...
The DOGE/USD chart displays a pattern resembling a double bottom with characteristics of Wyckoff accumulation, suggesting a potential price target exceeding $0.26 based on technical analysis. Additionally, some speculate that continued tweets or endorsements from Elon Musk could further influence the price.
The #stockoftheday for 5/Apr was $EDP.LS #EDP, ⬇️ 2,4%. Mid-session 3.55 looked like a great place to short on breakdown of flag. However, look for retest of 21/Mar lows on 1D MACD divergences and break of downtrend #trading #euronext #PSI20 #stocks
Usdjpy showed signes of bearish price action. before market closed thursday i got in usdjpy sells and i was up $230 profit with a floating balance of $333. After USDJPY NFP new came out friday it quickly moved to the upside surpassing my entry by 10 pips or less so i got out at a $30 loss leaving my account with a remaining balance of $112. * Market outlook and...
HBAR is currently trading just above the long term support area and forming a bullish pennant in mid term time frame. In case of breakout of the upper channel, we might see a good move in upwards direction.
Since entire crypto markets experiences a huge volatility & shake out due the BTC having event this April month, ETH does not have clear direction. So wait for breakout. Key area for support is near 3050 - 3000 and first key resistance is near 3500 zone.
Traders, In this market update I am discussing the numerous "M" Patterns that I am seeing on the crypto charts. We'll talk about where we possibly could pull back to. And we'll take a look at the U.S. stock market: DXY, VIX, SPY, and NVIDIA and the impact they are having on crypto right now. Apologies for the quiet voice. I will ensure this is fixed before the...
Gap between $9-10 range and local resistance is rejecting the price really well. Next major support is also untested and price could reach there since there is no EXHAUSTION VOLUME. and rest... Idea well explained in the chart. This is not a financial advice.
Dow Jones may pullback from a key daily support. I see a nice tiny double bottom formation after a test of the underlined blue area, with a confirmed violation of its neckline. Goal - 38860 ❤️Please, support my work with like, thank you!❤️
Strategy: Short Entry: 6,74600 TP: 6,29000 (6,76%) SL: 6,97500 (3,39%) Decision Making process: Subtle RSI bearish divergence EMA crossover Double Top bouncing off resistance and failing support Support retested General (BTC) bearish market
Double top breakout and retest neckline. Good area to short.