Looking at the current charts and circumstances of Bitcoin, it must break through the 43,500 price mark to be able to break the downtrend and push towards ~47,000 Major resistance at ~43,500 and a tough fight at the 200EMA.
Long LUV above 46, currently accumulating among the 50EMA, same trend as last week upon accumulating on the 20EMA.
ETH has continued it's retrace back towards both the major support line and the 200 EMA as we discussed in the linked ideas. We are now partially in my Buy Zone and seller momentum is slowing. I'm interested in a small long here, and will add if it drops. Good Luck. ---------------------------------------------------------------- These are my personal views...
With all this talk about another great depression like stock market crash happening in the very near future, i thought i’d join the fun and take a look and analyse the DJI Monthly Chart. Using an extended Pitchfork Pattern (A,B,C), we can clearly see that the DJI has been in an Upwards Pitchfork Pattern since the Month of the 1st July 1932. Chart wise, you can...
on shorter time frame BTC is ranging between 48K -49.5K . BTC should hold this area and if it enter the area on low volume them we may expect sharp downward movement for liquidity tap. and in such case it may retest trendline of descending triangle . its seems too early to go for shorts , on 4H chart price is holding 55 EMA PS:NOT A FINANCIAL ADVICE
NASDAQ:PCRX long setup: Today's bar was very impressive and closed at the high of range and broke a possible trendline The chart has a nice process over the last few months. Big bear trap in Oct followed by a higher low in Nov 20 EMA has crossed above the 50 EMA and they are both accelerating up Entry above today's high at 59.36 Stop under Dec 16 low...
DOT has edged lower after pulling back from Thursday’s high of 27.79. The altcoin has been on a downtrend since early November when it hit its all-time high at 55.28. Currently, Polkadot's price was down by 3.77% at 25.35. On a four-hour chart, it is trading below the 25 and 50-day exponential moving averages. It is also below the long-term 200-day EMA. In the...
Solana is currently in a down trend but looks like it has bottomed out. It is forming a doji candle that hit the 200 day moving average which also happens to correlate(all be it to a loose extent) to a fibonacci tracement level. Great time to buy Sol. Always be aware of BTCs movements in the market.
The share price for this company have been absolutely beaten down since February 2021.. and that is good for me. The numbers for this company is good and several DCF valuations have suggested that the current price is on average 60% under the fair price. On the technicals, there is no reason for me to buy some shares. Price trading way under the 100-200 EMA...
NYSE:PGR may be ready to make a move. Tested the bottom four times around $89.50 and it wouldn't break. MACD just turned positive Today's bar broke a trend line and closed above all the congestion from Nov 20 EMA crossed above the 50 EMA and they are both positive and accelerating.
Disclaimer on, This is a personal opinion, I am not responsible on your trading results. Trade with your own risk. The GBPUSD currency pair is still in a correction condition from its major trend (Bearish), if it is observed that the correction has stopped at the 90 EMA area which also coincides with the 0.618 Fibonacci ratio. Furthermore, the decline will...
Note that VeChain (VET) is still in a longterm uptrend. Using the Ichimoku Cloud settings of 20,60,120,30, but note I’m only using the cloud portion, we can clearly see that VET is still in the Bullish Zone of the Ichimoku Cloud. VET is BELOW is Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper and Lower Bollinger Bands are starting to...
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we have had expansion of the Upper and Lower Bollinger Bands and this volatility is on the downside. At the moment, ADA is back above its Lower Bollinger Band but note that ADA is still getting downwards pressure at the moment. ADA is below its Least Squares Moving...
AUDJPY could target the next high at 89.00 as the path remains clear with least obstacles. TECHNICAL ANALYSIS On the MONTHLY TF the monthly candle closed ideally above 85.000 crucial psychological resistance, indicating that the price is ready to head higher. On the main weekly chart we can see the price failed to break the higher high at 86.00, which is...
Last week was vital and perhaps the most important week for the DXY this year, as it has likely broken a crucial resistance. As seen from the main chart, the weekly candle needed a convincing close above 94.60 which confirms the previous high break. Now it is highly likely in the coming weeks we could see the price targeting the next high at 97.60. Prices would...
A good swing trade can be taken once it closes above the given resistance zone, can take targets till previous high. Not a advice, just sharing my views.
NZDUSD has already broken out fairly well out of its descending trendline and currently due to USD strength, it has fallen this week to around 70 cents. This fall offers a great opportunity to trade this pair LONG as the RISK TO REWARD RATIO is highly feasible TECHNICAL ANALYSIS 1. PRICE BROKE OUT OF A STRONG RELIABLE DESCENDING TRENDLINE ON BOTH DAILY AND...