TSLA is shown here on a 30-minute chart. Utilizing only a volume profile indicator and stray
fundamental related news, TSLA was watched for a short entry in consideration of the antics of
its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China
and China's recession I opted to look for a short entry. Analysis, trade...
Bitcoin (BTC/USD) has witnessed a substantial influx of bullish momentum, resulting in healthy price movements. However, it's crucial to consider the technical perspective. We're approaching a critical juncture, as we venture into the territory where the most significant selling activity transpired during the previous all-time high to low trading zone.
Trading...
SNT is the Ethereum and whisper-based decentralized messenger that was hot back in 2017. It has the tremendous upside as it is currently down 94.5% from its ATH.
Tread cautiously.
These past few weeks has been really bearish! The C&H pattern did not hold, and we broke down (see previous post). This break down started a very steep decline in price.
In the chart above we can see BTC dropped almost 53% towards 3800 ~ 3900 USD. It broke right through the 100 and 200 weekly MA. There BTC got a lot of support from a high volume node, before...
It would appear as if the silver price is being controlled, imagine that... You can see that it's clearly trading within the high volume node to the right more or less. The RSI is also controlled within that range so watch for the RSI to to break range for a true trend change.
Watch out for a break above $18.80 or below $16.60 and then of course wait for...
Good morning, traders. Yesterday, we discussed the descending channel and blue wedge that price was printing and, sure enough, the move through their resistance precipitated bullish momentum. Price then found resistance at the descending red line I mentioned as well. The target, based on the width of the wedge, should be $3486, and based on the channel should be...
$8200 will be make or break.
High volume node at $8200 (38.20%) Fib retrace. Also happens to be a Point of control.
Expecting heavy resistance just be prepared for that.
