SQ looks to have found support after a HEALTHY retracement. I will look to add some shares to my longer term accounts as well as take advantage of some nice Intra day setups.
If the current daily closes below the 200 EMA (red) and lower EMA (orange) Ill look for the the $7400 level to be met this week. This zone as well aligns with the .618 FIB retracement. If the blue zone is broken the lower daily trend line should provide an additional support level. Once these levels are reached I will come back to reassess the lower targets if the...
Seems to me the upcoming hours will dictate the short term direction. If we can get a closure above the upper trend line in the current wedge Ill look for the .786 fib level to be fulfilled. (Daily fib retracement from $5,850 to $$10,000) I agree that this would be a quick higher high, trapping all the noobs, before reversing lower. However as indicated by the...
ZRX has been consolidating over the recent days within the $1-$1.2 channel. Market Contractions lead to market expansions. ZRX has had lots of buying over the past 24 Hrs on most exchanges which is being reflected on the current charts. Im expecting an increase in volatility as we are testing the upper trendline resistance on the daily, which has applied pressure...
After bouncing from the $6000 supply zone and coming back into the $6800 resistance last week. BTC retraced to the 61.8% fib support level and formed a lower low respecting the Head and Shoulders pattern. As well creating a cross over on the daily moving averages. Last night BTC broke through the neckline resistance level resulting in a surge through the prior...
In my opinion with the recent bearish move down to the key $6500 level and now proceeding towards $6,000. IF the bearish momentum continues I believe the $6,000 price region followed by $5,500 level will be met. Which align with my 2.382(red) and 2.618(green) Fib targets. As well if you check the daily RSI levels...BTC has bounced with precision at the <30%...
Such a beautiful chart... And who says technical analysis doesn't work
It looks like Ripple will most likely break out of this sideways range/ pennant formation to the downside in the short term. Below are my next targets... If the $.57 Price support breaks Then the upper 40 cent levels will be the next levels met.
ALERTED. nice and simple
MU Looks to have made a double bottom on the hourly and retested the 68.20% fib retracement to perfection. Depending how this hourly closed I think theres room to the upside.
With a pennant pattern forming on the SPY weekly chart I am looking for a bullish pop out of here as this gap on Monday is fairly bullish. Of course i believe there will be a retest of some kind and will look to enter in bullish when that take place sometime this week. After quite a bit of consolidation so far this year on spy and the overall broadr markets I...
With a break of $7400 I am expecting the $7200-$7100 price region before a further movement to the downside. I am expecting Btc -3.14% to meet $6500 promptly following a bearishbreak of $7000.
Just an interesting perspective on BTC weekly... Looks toasty right now.
BITFINEX:BTCUSD Liking the bullish movement that is occurring on BTC at the moment. Currently i am expecting a retest of the $8000 price region before further movement downwards to the $6500 price support.
Current BTC analysis. I have a short term bias as i see BTC breaking this $7800 level and then proceeding to the $6500 price support
Up 40% on my initial entry from 5/28 and first target reached at the 161.80% fib extension. However the current pennant pattern could provide for an additional entry with further room to the upside depending on which direction this pattern breaks.
Nothing like an old fashioned crypto scalp. Bought some earlier today for $1.13 but i will look to add more for a short term trade. Check the article attached as this is a catalyst for one of the cryptos i am most bullish on this year and further on. fortune.com