This pairing has been unable to break above the $7 dollar resistance - rejected in Dec 16' and again in Oct 18'. I will be looking at a short position after technical and fundamental factors have lined up in favour of this direction. The US Mid-term elections have softened the dollar rally that began just before summer 2018. However, I will not be opening any...
9.05 headed to 9.80 range with mid-term elections giving positive vote. Short this
First chart here, totally not used to the UI yet. My background is closer to market psychology than strict technical analysis, and thus my analysis should not be taken verbatim. I profess that most my analysis is from fear-gauging and psychological extrapolation based on similar past events - the crash in February, the DotCom crash, and the CN50USD chart are the...
I've finally cracked the code. I spent 6 hours straight trying to figure it out to the very candle. Let's see how accurate I am.
Analysis: Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen. Some fundamental things of note: 1.)Sia dev team is going to brick all Bitmain and Innosilicon ASIC miners (~10m USD worth of hardware) with a patch. 2.)The coin will fork and a version that does not include this ASIC resistance patch will be created....
For all the traders and investors out there, I don't think it's too early to start thinking about this. Also preparing your portfolio for this.
Long term horizontal support seems to be holding. Expecting a breakout in October unless we break below 0.00166.
DAX is breaking the bullish parallel channel. This trend formation has been building up more than 30 months. What does it mean? We have already a confirmation from 3D chart. Now the market is fighting with EMA 200, but in my opinion we will break it too. RSI is bearish and MACD too. There is a potential of pull-back to edge of channel, but in this point I expect...
Buenas, estuve muy ocupado últimamente, por lo que no pude subir análisis. Para no perder la costumbre, acá les dejo algo bien cortito. Actualmente haciendo retrace de la última caída. De romper esta zona (6500USD) hacia el alza, podemos esperar estos 3 objetivos marcados en celeste. Sino estaríamos ante un pequeño doble techo Objetivos finales marcados en...
STORJ is now in big downtrend channel (red). I expect a continuing of downtrend in the way of the red trend channel. But If we look at the chart from short-term, we can see short-term trend channel (yellow), where is a chance of breakout upwards. But it is only speculation. When the market breaks this small channel, there is a possibility to reach a previous...
DIS had a recent Triangle Breakout. Retest Top of Triangle Trend direction for more downward movement likely but possible bounce support Area at current lvl. Could be a good opportunity to open a position if we get further signals/ confirmation by breaing down the traingle or bounce as new support here. - Volume is decreasing - RSI broke down under 60...
In short, looks like bottom is in (white lines), bullish reversal from lower lows to higher lows (green lines), still stuck under descending trend-line (red line). BTC still needs to make higher highs, a break above descending trend-line could lead to this.
We can spot, that the Double Top pattern has confirmed. The second TOP candle is bearish pin-bar, which is signalizing the reversal on the market. It pushed the USD/CHF lower. We could see the market consolidation, which lasted more then 4 months (0.98-1.006). The neckline was set at the value 0.98, which had to be broken to make the formation valid. A few days...
Falling wedge pattern on ZEC/BTC (Bullish-reversal pattern) backed up by support at 0.017. Looking for a breakout within the next month (Mid to late September)
Telecomm stocks from China worth look. Noted areas peaking away from baseline as technology advances from 1G to 2G, PDA, 3G, 4G, 4G LITE, 4G LTEm, and next year 5G. Telecomm sector is notably a sector to take off only as sales occur or action happens. More buyers of new phones paying for streaming video's from Baidu and whoever else is the Chinese...
The break of a resistance line on a 4h chart gives a signal for opening a long position. In addition the upward trend line on a daily chart supports the US dollar. The Risk/Reward ratio is good is 1.76 which is not perfect but there is a potential the limit order to be moved up.
SPX will definitely take a large hit within the near future do to American's uneasiness about the midterm elections. This is a common economical phenomenon that basically states that the few months leading up to the midterms are full of violent market volatility and overall downtrends. This period of bearishness in the market will hit SPX hard, dropping prices far...