Im playing a lot with the fibonacci sequence and the golden ratio (aprx: 1,618). I just try to do an educated guess at where the market is heading, like most of us. I am an amateur trader and I like learning about finance and crypto BITSTAMP:BTCUSD . But perhaps if I post I can stand accountable for my predictions whilst also have a chance to interact with...
Pretty straight forward here, since its inception has followed this same pattern. No position yet, waiting for a clear failure of the top red channel for short term short position. Break here and verify support will take swing position with a 20-25 target.
If fail in red channel, short target is $8, but wouldn't doubt revisiting 3's again in the event of market dump.
The price has been moving in an Upward Channel and is around the Lower Trend line of the channel and there is also a Demand Supply zone around it. So there is a Confluence of both. A Confluence of 2 or more lines indicates a zone to watch out for some price action either side.
But watching the buyers buying on dips and being active on the lower trendline and RSI...
tells stock is touching the major trend line together with a double top formation. I personally think based on this analysis that Tesla could go back to the 680$-700$ range.
I am still a rookie in this game so don't take this as financial advise. This is my first idea that I share so I would love to get some tips.
kindest regards, Niek :)
Price has broken my 12p resistance and retested to form a new support level. My next level of resistance is at 13.5p Price looks to be moving upwards in an ascending channel and has finally broke the 200EMA. Price may consolidate between SR levels now but if it breaks the 13.5p resistance we can expect the price to continue moving upwards and possibly retesting...
ETH looks like its forming a Head and Shoulders pattern with the left shoulder and head mostly completed. I am expecting the right shoulder to complete its formation around the 0.5 mark ($1025) which just happens to be where the moving average also lies and has acted as support in the past.
This setup is freakishly similar to that of the bull run in 2017/2018...
What we can see on this $UPS chart Divergence , RSI D1 over 81, Week ~79. One minus is what i see here alot of riangles wich confusing me...
I think everybody holding this stock until Dividend's day (ups and its friday) then weekend and after that sell off.
Everyone is now jumping on a $UPS rocket that is scheduled to fall .
Thanks for reading thats my...
Top-down analysis from the Daily --> 4H --> 1H charts. Obvious its been on a bull run, but this is a good entry imo. Looking at the 1H chart you can notice:
1. Price Action
2. Trend Line
3. Support Zone
My first publish :)
There's potential of a trend turnaround due to an inverse head and shoulders pattern forming along with finding support on the dynamic 618 fib level and the 50 EMA.
Price has now broken above the 200 EMA and is currently at an area of resistance. This could create a retracement back to the 618 fib level (white line) and continue in a bullish momentum. Failing...
Seeing that GU has already broken through the old monthly support, and made its way down to weekly support. which it broke and tested off of its clear to see that it will make its way down to the new monthly support.