HD, stable company, very easy to understand their business model. Products are provided from different vendors and companies. Difficult to goes down. This is a good opportunity to Go Long now. Ariel
AUDUSD managed to form a Head and Shoulders Pattern, and since the slope of the neckline is negative, it is more likely that the pattern is valid. Also, two moving averages, 50-EMA and 50-SMA, created a ⬇️SELL⬇️ signal. I expect AUDUSD to fall to the pattern target and 🟢heavy support zone($0.593-$0.55)🟢 after breaking the neckline and 🟢support...
U.S. non-farm payrolls rose 236K in March, just under the 240K expected and less than the 326K added in February (revised from +311K). Jobs growth in March was well below the average monthly gains of 344K over the past six months. While the headline number suggests that jobs growth rate is cooling, the unemployment rate, slipping to 3.5% from 3.6% in February,...
BINANCE:CFXUSDT According to the 4-hour chart, the bears are attempting to prevent the price from going above the 20-EMA. This may cause the pair to fall to the 200-SMA, which is likely to provide significant support. If the price bounces back from this level, the bulls will attempt to push the price to the downtrend line, which is the critical level to...
BINANCE:CFXUSDT Conflux (CFX) has been experiencing a corrective phase lately, but the bulls are currently defending the 20-day EMA ($0.36), which is a minor positive. If the price rebounds from the current level, the CFX/USDT pair could aim to reach the downtrend line, which is a crucial level for the bears to protect. A break above this level could lead to a...
BINANCE:AAVEUSDT The price has fallen to the 200-SMA on the 4-hour chart and the 20-EMA is turning down, suggesting that the bears are currently in control. In case the 200-SMA support is broken, the pair could slide further to the uptrend line, which is a crucial support level for the bulls to defend. The bears would gain more strength if the price drops below...
BINANCE:ADAUSDT Demand at lower levels is holding Cardano from dipping below the 20-day EMA ($0.37), which indicates a bullish scenario. The ADA/USDT pair is expected to rise towards the neckline of the inverse head and shoulders (H&S) pattern due to the 20-day EMA slope and RSI's positive area. The break above the resistance at the neckline could signal a...
BINANCE:BTCUSDT The 4-hour chart shows the 20-period exponential moving average (20-EMA) flattening out and the relative strength index (RSI) just below the midpoint, indicating that neither the bulls nor the bears have an edge at the moment. Although this state of indecision is unlikely to persist for long, predicting the direction of the potential breakout is...
BINANCE:BTCUSDT I'm neutral for now since Bitcoin's price has been trading within a narrow range for some time, forming a third consecutive Doji candlestick pattern on the weekly chart, indicating indecision between the bulls and the bears. The 20-day exponential moving average is flattening out, and the RSI is slipping towards the center, signaling a balance...
Since I tested Bollinger Bands in the last article , what’s natural to think of testing next? Rubber bands? Rock bands? No, you silly goose! Keltner Channels… What’s the Difference Between Keltner Channels and Bollinger Bands? Bollinger Bands are based on chunks (called “standard deviations”) away from an average. Keltner Channel bands are based on...
COINBASE:BTCUSD Price has spent the last 3 weeks stalled at the 2021 Open resistance at around 28K If price continues to be capped by this resistance level, I'll be looking for a higher low above the 2017 High support at around 20K (green forecast). If price establishes a close below the 20K support, I expect that will open a move down to the 2023 Open...
We are so out of volume that a correction is even more likely. Everyone is waiting, but somewhere along the line, patience runs out. This can simply be seen from the moving averages and how much volume has been used up. In 80% of the cases with such a moving average, there is always a correction, at least up to 50vwma (black). And from the running out of volume,...
Potential to get: T1: 0.01509 T2: 0.01405 T3: 0.01260 In case of boucing from 0.01550 T1: 0.017
Looking at DOGE daily chart with BOLL BANDS, 200MA & S/R defined. The chart shows from Nov '22 but the colored lines date back to as far as Feb '22. So in technical analysis we don't consider what comes next for the DOGE icon on twitter. Nor do we wonder what the Musk wildcard might do. He could make it so you have to pay for blue in DOGE only, but from a TA...
Happy Saturday Team NASDAQ:MARA Today I want to talk about addictions and how you break them. Yes, when you hit Rock Bottom And guess what is about to hit rock bottom? My perspective is this bear market is about to hit Rock Bottom. Remember to smile and enjoy your day. Still, don't forget it can always revisit the massive demand value area at...
Corn has dropped below the 100, 20, and 9-week simple moving averages, all of which have rolled over to have negative slopes. The most notable is the 100sma. When it has a positive slope, it appears to act as support, but once the slope turns negative, price can go vertically down as it did in 2013. Another noteworthy item is the 45 week time span from peak to...
BINANCE:LTCUSDT The failure of Litecoin's bulls to push its price above HKEX:96 has given the bears the upper hand. They are trying to drag the price below the 20-day SMA ( HKEX:90 ), and if they succeed, the next stop could be HKEX:85 , which is an important level to watch out for. If the bears break and close below HKEX:85 , it could result in a retest of...
BINANCE:DOGEUSDT Traders sold on rallies during Dogecoin's increase on April 3, indicating negative sentiment. The DOGE/USDT pair is expected to remain in the broad range of $0.07 to $0.11, given the recent significant pullback. The moving averages might provide significant support, and if the price turns around, the pair may recover to $0.09. In contrast, if...