Attention traders! We've uncovered a promising setup on the 1-hour timeframe for USOIL that you need to consider: 📌 Technical Analysis Highlights 📌 🧠 Head and Shoulders Formation: The price action has revealed a classic head and shoulders pattern, a well-known indicator of an impending trend reversal. 📉 Near Neckline Entry: We're currently positioned close to...
price forming Higher highs and Higher lows in bullish channel and currently testing channel return line which also coincide with 4H time frame #demand area. Also we have reverse bullish divergence and 30 minutes EMA acting as a Support just below the price. All together gives confluences for this short term bullish idea
Franklin Templeton enters spot bitcoin ETF race: The asset manager with over a trillion dollars in assets under custody filed an application with the SEC to launch a spot bitcoin ETF, joining Blackrock, ARK Invest, VanEck and others. Web3 enthusiasts descend on Singapore for Token2049: Some of the largest names in the crypto space spoke at Token2049 this...
DIS has tested it's long term horizontal support @ 79 and it is holding so far. A potential bullish divergence is also seen on its monthly chart which increase its odds for some upside bias for the next 1-3 (monthly) candles. The caveat for divergence is that it only signals a (potential) short term trend reversal, lasting on the average 2-3 candles and does...
side way corrective move in gold after rejecting from #Bearish_trendline suggesting further possibility of downside move. price testing Supply area and also failing to close above previous short-term High which coinciding with 200 EMA in 4H time frame, all together creating bearish cluster for price which gives us high probability short position opportunity.
technical confluences for buying: 1- price is in overall bullish long-term market structure, which seems like followed by a bearish corrective move. (as it seems till now) 2- price has reached 4H timeframe 200 EMA and failing to close below it. 3- In 1H timeframe price formed double bottom and also we have double bullish divergence formation between the last two...
We've got an enticing EUR/USD setup on the 1-hour timeframe that deserves your attention. Here's the lowdown: 📌 Technical Analysis Highlights 📌 📉 Bearish Breakout: After a period of range-bound trading (or a bearish flag, depending on your perspective), the price has decisively broken below a key support level, which has now flipped into a formidable resistance....
STX rise that began in late Dec last year was disrupted as it went into a multi-month cup consolidation from February. Last week, it finally broke above the neckline of this CUP @ 71.50 on strong volume. A number of technical signals are now going right for STX and it appears a trend continuation is underway: 1. its 200 day moving average is now subtly curving...
Hey traders, get ready to ride the wave of profits with an exciting setup on the S&P 500! 🌊📊 A golden opportunity has surfaced, and it's time to capitalize on a potential bullish rally. In the 4-hour timeframe, we're witnessing the stars aligning for a buying spree that could lead us straight to the coveted 4570 target. 🎯🦅 The Double Bottom Delight: Hold tight as...
Hi Traders, Investors and Speculators of Charts📈📉 TRXUSDT has turned bearish in the short term Timeframe. From a technical indicator perspective we see clearly that the trendline has been broken and now the price is closing candles UNDER the trendline. This is bearish for the short term. However, from a weekly outlook, Tron is still bullish. This could mean...
ELF has been one of the strong trending stocks since it broke above its 200 day moving average in Jun 2022. Despite the recent steep corrections experienced by the market in the past few weeks, ELF had only dipped briefly below it's 50 day moving average. Every reversion back to it's 50 day moving average as potential opportunity to long. with a trailing stop...
Hi Traders! We have a potential double-top opportunity on the USOIL 1D chart. Our previous bullish view worked perfectly, and our prediction of reaching the 83.49 resistance after the psychological 80.00 break came through. The market looks to now be exhausted near the 83.49 resistance level, and the price action is indicating a possible reversal of the bullish...
INTC first broke out of it's base neckline @30.50 (as well as it's 200 day Moving Average) on 29 March. However, its movement has been very erratic since. Last Friday's post earning's strong gap up changes the picture considerably IMO as it has now completed a "CUP" formation (a bullish pattern with higher odds of success). 2 possible scenario could happen...
Hey traders! 🐻📉 Are you ready for a retracement on the S&P in the 1-hour timeframe? Let's dive into this bearish setup! 📉📉 📈 Bearish Gartley: The price action on the S&P has formed a bearish Gartley pattern, with the price topping twice on point D. This reliable harmonic pattern signals trend reversal with a highly reliable consistency. 🕯️ Bearish Engulfing:...
Hey traders! Are you ready for an exciting ride on the GBPJPY forex pair in the 4-hour timeframe? 📈💹 Let's explore this fantastic bullish setup together! 📊 Range-Bound Market: GBPJPY is currently experiencing a ranging market, with strong support at 180.000 and a formidable resistance at 183.500. In this dynamic environment, traders can spot lucrative...
Bull cycles usually start with heavy weight stocks (especially those in technology and discretionary) taking the lead, with small-caps usually joining the party at a later stage and when this happens, the bull run will be a lot more obvious by then. The IWM (tracking 2000 small-cap stocks) had been stuck in a wide-ranging wedge since hitting a low in June 2022...
In this analysis I want to take a look at the 50-period and 200-period moving averages, plotted on the 3-day chart of BTC. Historically, golden crosses (50-period crossing over 200-period) has always officially signaled the end of the bear market, meaning that there's no new lows to be made. This would mean that 15,500$ was the low of the current bear market and...
Another typical example of a stock breaking up (into a new uptrend) after forming a base: 1. Broke out of the neckline and did a classic retest of this neckline a few days later, affirming the neckline as the new support 2. trading above it's 200 day moving average 3. Golden cross for additional confirmation that the stock is in "recovery" Recent volume was not...