That falling knife had the XRP community holding its breath for a few minutes.
The last line of defense. I don't need to say much. EMAs look grim but reversals have happened in scenarios like this. Look at Fisher Transform, tell me what you see.
Gigantic double bottom formation. Break coming in the next weeks/months. Have your bag ready.
Today's selloff marks a 0.764 fib retracement level (1 - 0.236) on the daily chart. Potential beginning a phase C of an ABCD pattern, indicated by stochastic RSI and fisher transform. Watch the next few days for trend confirmation/rejection. Central banks are running the show, don't get greedy.
TP @134.33 or above
The market has over extended now and as i have mentioned in my previous post, i am expecting green this week. Today's close is evident of that and looks good for a 1-2 week up trend. I Expect us to reach the red area before heading down lower.
friend of mine mentioned that US earning reports re coming out in 2 weeks. This may be the catalyst that takes us lower...
NVDA is set to complete another bullish ABCD triangle within its skew-up parallel channel. The last time we had an upward C phase with a gap in the daily was back in January. Expect NVDA to test $285 and up to $290 if it breaks through. Sharp resistance is expected around $290 and beyond - the farther it extends beyond $290 the greater the severity of the...
AMD closed above its weekly resistance level at $32.50, also breaking through the 2-week 618-fib level. Fisher transform convergence indicates a coming push towards the next fib level at $33.20.
Watch out for a retest of the $32.50 resistance. If it holds, we have a strong bullish signal - otherwise probably a good time to take profits.
Are we headed for a stock market crash in 2018? At least in the near-term (next days to weeks) there are growing risks to the downside as the potential for a sharp pullback is gaining power as I'm showing here. On this chart I'm using two different indicators, which both have as one of their main features that they exhibit a very low lag.
Moving averages make it...
Nice breakout of the 38 dollar range. Not much resistance till $45. With the acquisition of Tantan, ER should beat and we should trade much higher in a few months. Fundamentals are just too strong on this one. Stock is quite undervalued.
Technicals are pointing downwards. Bulls are realizing that this business won't be easy to survive despite the technology offered being cool. This is definitely a high risk high reward case with the risk side showing off recently. Movie theater stocks are also showing bearish momentum. Another future dilution will tank this hard.
This should be read in connection with Saturdays gap analysis chart. Trend breaks move to test 207.60 range at bottom of blue Fibonacci band. Note pitchforks drawn using co-ord entry of high and low prices for accuracy - not arbitrary placed trend lines