Looking at BTC 12H chart here. As you can see on the way up, so far, we had one pullback into the 200MAs (purple and red). Price reacted well there and bounced and continued. We are seeing the same behavior so far here. Keep eyes on the 12H chart. If we can stay above the 200ma and 200sma, and close inside the white 100ma, we should see price continue to upside....
MCX:CRUDEOIL1! Weekly TF Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Recent swing and bigger swings are at crucial level in Fibonacci retracement....
CRYPTOCAP:SOL struggled to mantain one of it's main support and brokedown from there. Luckily as a hope for bulls, the price bounced from an horizontal support/neckline at around the 117usd mark and is now back in the trendline looking to be back on trend. Failing to do so could push the price down to retest the horizontal support and probably make the price...
Hi, crypto traders. Last week, as expected, there was a significant short-term decline and the price dropped to 56,500 USD. Subsequently, following the results of the U.S. employment statistics, the price rebounded sharply and is currently moving around 62,700 USD. However, there were moments when the candlestick briefly fell below 100MA, and considering the...
In The above chart you can see how Nifty follows various Technical aspects of the chart. First of all we can see a Parallel channel in which Nifty is travelling. The channel has 3 parts. 1) Channel Top. 2) Channel Bottom. 3) Mid Channel. Channel top will always work as a resistance and Channel bottom will always will work as support. Channel Mid or Mid channel...
I'm super bullish on BIST:LINK long-term but this is honestly one of the worst charts of the majors rn crazy to see analysts calling this bullish today we'll see a Bull Trap from those 3 White Soldiers Price action below the 20, 50 and 200 Moving Averages If we get that Death Cross on the 200MA D then its straight to $10.6
COIN is looking really good here on the daily chart. Reclaimed the 50 EMA after that bounce, and MACD is about to flip bullish. Targets $260 to $280.
The Ethereum (ETH) price action against the US Dollar (USD) presents an interesting conundrum for traders. Recent price movements suggest a potential turning point, and the decision of whether to long (buy) or hold ETHUSD hinges on several key factors. Prior High as Support: A Bullish Signal? The current price of ETHUSD sits above a crucial support level – the...
Building a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one
Western Digital has pushed steadily higher since late 2023, and now some traders may expect the uptrend to continue. The first pattern on today’s chart is the zone around $66. WDC peaked there on March 6 and 21. It then rallied above the price and came back to hold it on April 19 and 25. Has old resistance become new support? Second, the data-storage company got...
With todays price action we see a nice rejection off the falling trend line resistance. US data pushed price for a possibly breakout only to run into resistance and break back down to continue downwards. Price is now forming a bearish triangle pattern with support currently being tested. The plan? - Hold for break of this key level of support - Wait for a...
15 Min TF Trend: Sideways after upside breakout and again triple bottom and double top breakout. Price is under consolidation which is very good sign for further movement Many rejection candles founds in last hour which is sign of further movement upside Price has strongly bounced from 200 EMA Multiple rejection from breakout FVG Bullish is trying to form. Good...
1. Price is at strong support level at Day TF 15 Min TF 1. After a big fall, Price is consolidation in sideways at strong support and resistance level. 2. M Pattern has formed and expected to big breakdown if support level breaks. 3. 200 & 50 EMA has reacted at resistance indicating bearish. 4. Chances of forming bearish flag pattern Risky Buy: Above...
Day TF Market has broken previous high and retracement candle formed by rejecting the same zone Day TF Market has broken previous high and retracement candle formed by rejecting the same zone 15 Min TF Price is in downward range after breaking consolidation area towards upside. Previous resistance has converted to support which is strong sign of holding price...
AMEX:SPY May 3, 2024 15 Minutes. Last 2 days AMEX:SPY managed to sort out the moving averages issues due to sudden up and down movement on May 1, 2024. Now all moving averages have converged, 50 averages are around 502.5 levels. So, for the day if I consider the last rise from 501.34 to 505.88, holding 503 levels I will have a target of 506 - 506.5 to 510...
HG is on the 30 minute chart with a set of EMAs ( 7- blue 20-red and 100-black) ascended 6 % in 7 days from the morning of 4/23 to the evening of 4/29. This is traded with a leverage of 25. A short trade taken on the reversal is now impending closure. The short falls faster than the long climbs and will yield about another 6% in 24 hours or so. The trade is...
BMY is here on the daily chart. The double top and death cross of the EMA moving averages makes for a strong candidate to short with shares or take put options. A comparsion of the most recent earnings report with the previous one sixty days earlier tells most of the story. The dual time frame RSI indicator shows ongoing wekaness. I will short BMY here and...
This analysis examines both the short-term and long-term trends for Bitcoin (BTC) against Tether (USDT) using the weekly chart. Short-Term Trend: Based on the current bearish sentiment, I believe there's a high possibility of BTC experiencing a further drop in the short term. A potential support level could be found around the intersection of the 21-week EMA...