Plunged enough then reversal I am long based on my view
With the prevailing trend from the higher timeframe there is a possibility of a bearish continuation regardless of the aggressive correction seen. a break and probable retest of current candles low will confirm the projection for the bearish continuation
Today, I bring you some fantastic news that will surely add a touch of gold to your trading portfolio. Brace yourselves because Bitcoin has just hit a remarkable new golden cross! For those unfamiliar with this term, a golden cross occurs when a short-term moving average crosses above a long-term moving average, indicating a potential bullish trend. This highly...
Oracle gapped to record highs almost two months ago, and now it could interest some trend followers. The first pattern on today’s chart is the $114.34 level. It was both the opening price and low on June 12, the same day earnings and revenue beat estimates. The software company held that zone in late June, mid-July and again last week. Interestingly, it’s exactly...
AMEX:SPY Aug 8,2023 Assuming 459 is wave 5 then ABC is done 451.55-458-17-446.29. We will consider 2 Fibs. 459.44 to 446.27 (The fall from 5) 452.89 to 446.27 - the last fall. For the first Fib we have 61.8% retrace at 454 levels. It is also near 200 supports at 15 minutes. For the second fib 61.8% retrace is at 450.4 levels. We have a HH Hl pattern. Close...
BYND on the 15 minute chart has been in a VWAP band breakdown finally slowing down with the ranging of the candles transitioning from wide body candles into ones more narrow. Earnings were a very mild beat in the thick of the fall as apparently traders expected more. The zero-lag MACD has crossed lines under a red histogram that flipped green. The dual...
Yesterday we saw a beginning upward retracemet. It did not lead very high though and has ended in small sideward range meanwhile. When we can hold above the VWAP then I see a chance for a test of the former 4 hour high again.
MultiversX just lost 50MA support and seems likely to continue with the local retracement down. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.5X) Amount: 5.0% Current Price: 34.15 Entry Targets: 1) 35.35 Take-Profit Targets: 1) 30.25 Stop Targets: 1) 37.90 Published By: @Zblaba CRYPTOCAP:EGLD #EGLDUSDT...
👩🏽💻Technical: NZDUSD is currently undergoing a pullback as it experienced a recent rejection at the 0.60605 level. The presence of multiple rejections at the monthly and weekly moving averages signals significant bearish pressure in the market. Furthermore, the breach of higher time frame support has now transformed it into a resistance level, further...
Perfect Buy from 1912-1905 Range EMA 200 Support Region Selling Zone 1953-1962 Strong Resistance Zone
EVAV in the past six weeks rose about 90% and then faded 5% in a correction or pullback. This may be a buying opportunity. Price is heading down into the area of the two mean VWAP lines where I will look for a bounce. Professiona traders like to buy in the area of VWAP and so I expect high trading volumes there are big traders take large positions.sThe ...
Expecting further upside this week on EURCAD Last week closed strong bullish to setup this week Classic break and retest set up of 1.46 key level and 1.45 daily pivot area (79% retracement) Looking to enter on start of week retracement with stops below 1.45 invalidation area Targets at 1.49-1.50 Follow for more
Link is forming a descending triangle and current daily MACD is bearish
ERX as shown on the daily chart shows a VWAP band breakout into the mean VWAP from the lower VWAP lines coupled with a rising momentum on the PMO targeting 72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a major sector I see this as a low risk moderate reward potential type of trade I will take this trade long expecting...
NYSE:VALE as a junior miner could be reaosnably expected to follow spot gold. The bottom line is quite simple. With fixed costs to mine gold, VALE can easily expect to increase its margins when stop gold rises will above the breakeven on a spreadsheet. The 2H chart shows price has descended into the support of the long term anchored mean anchored VWAP...
On a 15 miunte chart. CMCL is seen trending down and then reversing while traders seek to sync it to the price action of spot gold. The chart demonstrates price reversing on May 2nd out of an anchored VWAP breakdown into a rubber band reversal into a cross of the mean aVWAP. The movement of the PMO ( Price Movement Oscillator) confirms the reversal into a...
After forming a base level around the level of 745, VOLTAS showed a strong rising trend till the level of around 820 RSI=70(strong momentum) ADX=21 and rising (strong rising trend) Above 50,100 and 200 EMA's only below 20 EMA(839) Resistance Zone:820-830 Upside Target: 845-850 and 865-870 Support Zone: 745-760 Below this level VOLTAS is weak.
It is clear that there are signs of severe weakness in the current ascent, and this leads us to decline once again to the shaded area, so that wave 4 of Elliott base forms, from which the market maker and buyers enter strongly to make a new historical peak for the shaded area above.. Then we will update the market. Good luck Note: the analysis fails if the price...