The price is currently trading within a descending channel.
A strong weekly resistance level lies ahead.
Increasing volume suggests buyers are waiting for lower prices to enter.
A sharp drop in price is a possible scenario.
Elaboration:
The current market situation presents a bearish outlook with the price confined within a descending channel. This pattern...
BEARISH Analysis of the Chart: BEARISH BEARISH BEARISH... OUR PREDICTION IS STILL IN PLAY.
I will quit it when we break the previous high of 32K.
But here is why I am bearish...
The 20-day moving average (MA), represented by the red line, is currently below both the 50-day MA (yellow line) and the 150-day MA (sky blue line). This pattern typically indicates...
Celsius (CELH) ain't Red Bull but...it's BULLish!
Patten Identified
Inverted Head & Shoulders on the daily timeframe
The daily chart displays the following information-
-9 MA is above 21 and the 50 MA!
-Price is above the 200 MA
-Increasing momentum and volume
*This is not financial advice
Drink your water,
MrALtrades00
ishares Trust iShares U.S. Transportation ETF AMEX:IYT
I am bullish on IYT because I've identified a Bullish Harami pattern on the daily chart. Furthermore, we have several confluences on the MacD, RSI and volume indicators.
-The signal is crossing up like A.I. (Allen Iverson) on the MacD indicator
- The RSI indicator is pointing up
-The OBV indicator is...
Trustswap is a relativ new crypto and shows a strong increasing volume in trading (check coingecko).
This could be your next crypto gem since decentralised exchanges become popular and trustswap still flies under the radar.
Today's analysis – PHB/BTC – Breaking bullish from its ascending wedge pattern, retracing to re-test daily support.
Points to consider:
- S/R flip retest
- Support confluence
- EMA Golden Cross
- Increasing Volume
- Oscillators above 50
PHBBTC trading in a healthy uptrend with a strong breakthrough daily resistance. Currently retracing to establish an S/R...
