On 1D chart of BTC/USD pair we can see the falling wedge. We broke out of this falling wedge and now testing it's upper edge from upside down. Most likely this breakout was fake. Our nearest objectives are the lower edge of the falling wedge, the same place the lower edge of the ascending channel is taking place. The next support is sitting at EMA200,...
Having Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion. I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question. TOP DOWN ANALYSIS APPROACH This makes it easier to know which Direction you want to plan your trade in...
Here is a closer look at this MATIC 1d Binance chart. MATIC is in a massive Ascending Triangle Pattern on the 1 day chart. An Ascending Triangle Pattern is potentially a Bullish Continuation Pattern. The APEX of this Triangle Pattern is around July 2022. For your viewing pleasure, I have added various support and resistance lines within this Ascending...
Here is a closer look at this ADA 1 day Binance chart. As you can see, ADA is in a massive Descending Triangle Pattern. A Descending Triangle Pattern is potentially a Bearish Continuation Pattern. Note that ADA is still ABOVE its Longterm Pitchfork Median Line on this 1 day timeframe. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for...
NYSE:VSCO daily: Inverse head and shoulders bottom MACD turning positive 20 EMA above 50 EMA and both are accelerating up Today's close was the highest in months
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...