Short answer: Bitcoin By the year end Bitcoin shall enjoy stronger gains. That is despite the 2-week Gravestone DOJI candle now currently printing on Bitcoin, which makes you wonder… what heinous price action awaits gold bugs? On the above 3-day chart a ratio of Gold/Bitcoin is shown. If this ratio is downtrending (it is), Bitcoin will be worth more than Gold...
Hi Traders! SILVER has broken below the neckline break in its head-and-shoulders pattern, and there is a possibility for a continuation to the downside if the market continues to stay below the neckline. Here are the details: After the initial momentum break below the neckline, the market is now retesting the neckline as resistance, and the 20 EMA has lined up...
Pair : Amazon Index Description : Rising Wedge as an Corrective Pattern in Long Time Frame with the Rejection from Lower Trend Line and Rejecting from Lower Trend Line of the Corrective Pattern " Bullish Channel " in Short Time Frame. Completed Impulse and " ABC " Corrective Waves
currently at the Daily POI and double liquidity clearout can be seen on the chart and resistance also aligns with the 50EMA. For more clarity look into the chart.
AMEX:SPY January 24, 2024 15 Minutes. As expected AMEX:SPY moving sideways. 100 and 200 averages are sloping upwards. Hence I still expect a pullback to 480+ levels. For the day a break above 485.22 may take AMEX:SPY to $2 to $2.5 being consolidation levels in the box. Even though the stochastic black bar is on top, indicating bullishness it is negated...
We've been warning everybody for quite a bit now about how bitcoin is correcting. The emas just passed over the signal line on the macd, a definite bearish sign. if you notice it looks fairly clear to be running down to the 200 day moving average (the green line). It's a healthy retest, but the bulls need to see btc be able to rebound and not close under that...
COIN has pulled back really well into a tightening wedge. Defended the bottom and now up over 3% on the day. If you zoom out to the weekly, it bounced right off the 20 EMA as well. Great spot to look for a bottom forming and a break of the wedge. Will be interesting to see how much they're making from the BTC ETF.
NYSE:BABA Alibaba Parallel Down Trend continues, below the 50 day moving average. BABA needs to consolidate and break the down trend before it is safe to inter a long position.
MNDY looks ready to blow the doors off on a volume spike and successful flip of that $193 level. Bounced off the 50 EMA and looks hungry for more.
American Tower ended 2023 by rallying from its lowest level in almost five years. Now, after a pullback, some dip buyers may see opportunity. The first pattern on today’s chart is the price area between about $200 and 204. It marked the highs for AMT between May and July. The wireless tower company paused there late November before continuing toward $220. If this...
UROY on a 15-minute chart with the volume profile and the EMA cloud as the indicators demonstrates a one-week-long swing trade. Both stock shares and inexpensive call contracts were traded. The stock trade profit was 30% over five trading days ( MLK Holiday ignored). Options dramatically more profit for the expiration of 1/19th. The analysis, setup and trade...
Technicals looking very good for Borosil renewables. Gave a clear breakout with excellent volume. Fundamentals are also good. However, I do not intend to pick stock with low ROE, ROCE even though 3year average is a good number.
AMEX:SPY January 2024 15 Minutes As expected AMEX:SPY is in sideways as very far away from moving averages in 15 15-minute time frame. For the day I have shorted. It is contra as a black bar on stochastics is still on top, Elliott oscillator green. Since a pullback is expected as per moving averages I will close the shorts around 481-482 levels. If we...
If you check EMA there is possible downtrend with EMA Cross on 15m COMPUSDT. Also take in mind bearish flag and dont forget to check another timeframes.
AFRM is getting tighter and tighter as it retraces back toward the 50 EMA. A red to green entry tomorrow would be perfect, and could see us retest the high of $52.
Currently there is no trend visible on the charts, which means likely a sit-and-wait scenario. PPMs on the daily and weekly are all in no-trend mode and the algos on the SMAs are mostly flat for the near term. More work needs to be done before we get any sort of direction in the market for now.
: 1. **RSI Crossover Strategy:** - RSI Length: 24 - RSI Moving Average Length: 150 In a typical RSI crossover strategy, traders often look for signals when the RSI crosses certain thresholds (e.g., 30 for oversold and 70 for overbought). In your case, with a length of 24, you might consider buying when RSI crosses above 50 and selling when it crosses...
This is a daily Boeing chart with the idea on the chart in the text. There may be a good entry before earnings using a stop loss under the POC line and an ultimate target of the projected trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation and its sequelae. A megaphone pattern demonstrates increasing volatility in...