Analysis:
When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement...
Analysis:
From the charts we're clearly able to tell that price is in a downwards trend, showing us that we want to be shorting this pair only. Last week we saw a break of this key level and we're now seeing that same level get retested for resistance and there is a good chance that this area will hold. For added confluence we have a long term downwards trendline...
Hello guys 👋
I just made analyst on GBPUSD which possible downside because can't break the resistance level. There is a divergence too on RSI.
#NFA #DYOR
🍎 NASDAQ:AAPL approaching a critical juncture, tagging the resistance trendline established from ATH on the Daily. If we take the structure from ATH to now as a 3 wave correction, we could be finished and exiting the structure for upside now. However, we could get a bounce to the downside off the resistance, which would form a 5 wave corrective structure instead...
✅GBP_CAD is still trading
Below the massive falling resistance
Line and it seems that the pair
Is unable to break it so before
We see a bullish breakout
We will be bearish biased
And expecting a move down
From the resistance
SHORT🔥
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AMEX:SPY gap filled yesterday really quickly, but rejected at top and bounced off gold TL in EOD flush. Expecting CPI or FOMC minutes as catalyst for downside.
Note: bank ER is right after FOMC mins. Also, over $7.7B+ dark pool traded between 409.2-409.6 level; may act as S/R as this week unfolds.
Position: Eyeing downside momentum - watching how the market...
$DXY Dollar Showed Little Reaction to CPI Data so i'm looking for the markets to act normal with no more major news ahead anytime soon.
Therefore, i'm looking for DXY to drop and make a correction.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors....
$EURUSD
EU made a short push to the upside but couldn't push pass 1.07492 breaker after CPI.
Since that's the case, I'm looking for EU to move to the downside.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate...
I'm not going to call if the bottom is in or "not so fast" but just want to point out that we may only be halfway through a significant long-term downturn. It's concerning to me that RSI has broken significantly below 50 for the first time since the market recovered from the lows in early 2009. It's also concerning that price looks like it wants to retest the...
Ethereum price analysis shows a downward trend.
ETH has retreated from its two-day high of $1,219.
ETH is consolidating above $1,200, with a bearish tilt.
According to a recent Ethereum price analysis, the price of ETH has been bouncing in a very narrow range over the last few weeks. Ethereum has had a minor reversal today after a two-day run that saw the...
Looks like price tried to break to the downside and was stopped with some strong wicks these past few days.
Watching for a gap fill to the upside as it mean reverts back into the moving averages.
Once there, looking for possible short entry at resistances.
Are we seeing a possible head and shoulders forming here? This could be an interesting pattern with everything that is happening in crypto given the FTX collapse/contagion and other possible toxic accounts that have not been revealed that could be the last leg in bringing crypto to the last shakeout in this market. Target price with this pattern is around $0.13
look at the chart, it looks like 10894 in october if bitcoin follows the falling channel, who knows but the indicators like rsi and macd do not look good.
what do you think?
$BTC basically at the 2017 high right now. Should be strong support.
But looking at this 1W HTF chart I can't help but see more downside potential. Seems very counterintuitive to look at this chart and conclude the lows are in, imo. Notice the increase in volume as price continues to drop.
And looking at the volume profile, and the visible gap, I don't think a...
Nothing confirmed but a possible bearish impulse scenario I could see playing out given geopolitical events, hawkish fed, housing/commodities inflation related, or a mixing pot.
