Watching out for the possible downtrend/200 SMA false break. Upon breaking the downtrend & 200 SMA, I will be watching 410-440 area for a possible rejection for entry short.
Looks like price tried to break to the downside and was stopped with some strong wicks these past few days. Watching for a gap fill to the upside as it mean reverts back into the moving averages. Once there, looking for possible short entry at resistances.
Possible false break on the downtrend at the 50 SMA & resistance, waiting for confirmation. Would be eyeing the gap fill + launch or a retest of the lows. (depending on market conditions)
ETH has had a 4 Hour Cross on 20/50 EMA. Can Long now after retracement. Momentum Trendline holding pretty well also. Target is a previous sell order block.
BINANCE:ADAUSDT this my opinion about what it seems to be the path that the price will respect ✊
If the upward triangle is broken, Bitcoin can reach up to 17,000
As shown on the chart SOFI has been in a downtrend however the fast 18 EMA and about to cross the 34 EMA, while the MACD indicator is showing bullish divergence as is the RSI. This appears to be a great reversal swing long trade.
Although there is a cup-handle formason on the chart, the targets are drawn according to Fibonacci. Let's look for closures where I indicated with X.
Diabetes company DexCom has been fighting higher since June, and now it may be interesting to trend followers. The first pattern on today’s chart is the pair of bullish gaps last month. The initial rally came after the Centers for Medicare and Medicaid Services proposed expanding access to one of the company’s glucose-monitoring products. The second was...
I have a pending order at the green box. You can see the confluence at the zone. Take profit whenever you feel like it.
Tata Motors should be evaluated for investments at CMP ( 428) SL of 421 and target of 455 Risk: Low- Med Returns: Low ( 6%) Stop Loss Mgmt: Active
Pretty much were back to the big averages that we were around during the august 16th and 17th drop. I try to keep it brief in this video. If I HAD to guess, I would say the market will move back down soon based on the VIX. A big break in a 5 year trend would be for the VIX to drop under 17.50 and start a new week or month candle under that level. Take care.
South Star Battery Metals (STS) breakout with high relative volume and relative strength. Has moved over upper resistance after a long base period over the 30 week moving average above the 10 day EMA.
The ADX looks like it will soon be crossing below the 25 Line and Confirming the Downtrend as the USD/CAD Bearishly Consolidates below the Daily Moving Averages. My Targets will be the Square-Up between the 78.6% and 100% Retraces
The actual USOIL weekly chart is confusingly similar to the 2008 daily chart. By analogy, the oil price should go south even to twenty-something dollars. The current economic situation confirms it, as the leading economic indicator (LEI) announces a recession in the near future. Also, moving average analysis confirms it. I matched the closest smoothing moving...
We have 4 clear touches of the moving average. 3 of them with a false breakdown and an attempt to gain a foothold above the moving average. The next time the price breaks and consolidates above moving average, this is the strongest signal of a trend reversal. 1. Accumulate RMRK. 2. Watch the moving average. 3. Be safe.
In general my charts are using simple horizontal support and resistance lines, parallel channels and if I think I see something, triangles and wedges. I use 200 day and 200 week EMAs as a guide to trend direction and also the volume profile on fixed ranges. Recently I've started adding VWAP AA as another indicator, the setting is that it is anchored to one month....
But the premise of modernism implies that art is used to disempower the other, but only if narrativity is interchangeable with truth. Looking for support above 🔵 50MA If it breaks downward then consolidation between 🟠 100MA and 🟡 200MA