We're discussing the development idea in the accumulation phase for the AAVE/USDT crypto pair. In June 2022, there was a notable decline in the asset, hitting a local bottom of the existing bearish trend at $45.80. However, it confidently surged from this level, reaching $115.27, showing over a 150% increase . Later on, the asset chart displayed the formation...
Hi Traders! USDJPY is in an ascending channel, and there is a bullish outlook on the market. Here are the details: After the pullback from the weekly high, the market seems to have found support near the channel support line. We are now looking for a break and close above the 20 EMA for a confirmation signal to target an exit near the weekly high. Preferred...
As a big PLTR shareholder, this chart pains me. It looks to be rolling over to test the ~$17.26 support. Next stop from there will be the 200DMA. The 50DMA has been rejected for now. Fortunately, there is a large volume shelf at the 200DMA to provide support. In the absence of a catalyst, any market weakness will take us there.
With momentum still looking bleak, I'm wondering if today's push up from the lower open is a wealth transfer of sorts or to hunt the stops. Whatever it is, the PPMs still look bleak and the SMAs agree. There are also new downside fib targets that are on their second trading session. While I don't expect a big dip, it's hard to be bullish either.
AMEX:SPY December 21, 2023 15 Minutes. Once more. AMEX:SPY gave a Wednesday/Thursday trade setup. Price action gave us a setup that closed below 471.8 we have to sell. So if we go to a lower time frame 5 minutes chart We can see moving averages sloping up, 9,21,50 averages broke, took support at 100, bounced back, and once broke 100 averages on the downside...
We've observed a pivotal break through the established trendline. The intersection at the Phi cycle's 45-degree angle marks a critical juncture for potential price action shifts. Key Observations: Trendline Break: The break above the trendline suggests a shift in market sentiment, potentially ushering in a new bullish phase. Traders should watch for...
Hi Traders! EURUSD continues its bearish outlook as the market is now in a descending channel. Here are the details: After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860. We are...
Golden cross over Trend line break 1st resistance break 3160 2nd resistance 3458 RSI Above 60 Daily / Weekly / Monthly
AMEX:SPY December20, 2023 15 Minutes. Price action in play. keeping SL 471.5 levels we continue the long. 100 averages have started to flat out near 472 in the last 2 hours of trading. Taking the rise from 471.95 to 474.92 uptrend is strong as long as 473 is held, which also happens to be a 50 moving average. In the 15-minute frame AMEX:SPY weak below 471.8...
From the looks of it, the PPMs have topped and are on the way down. Same goes for the SMAs. While the longer period SMAs are still relatively flat, the short term 10 SMA is losing steam and turning downward. This puts a damper on price establishes a short term ceiling. I would expect some drifting downwards over this week as the PPMs work their way into the...
ASX:S32 The chart for ASX:S32 shows a pattern of lower highs and lower lows. This information is essential for investing and trading. It is advisable to avoid focusing on this stock and instead focus on other options. This will save you time and give you peace of mind. #investing #avoid #trading #pwinvest $ASX:S32X:S32
Long position After breaking the 43334 resistance Entry: 436000 Stop Loss: 42890 Risk Free: 44312 Save profit 1:45100 Save profit 2: 45750 Save profit 3: 46440 Save profit 4: 47145 Profit limit: 48000 ----------------------------------------------------------------- Short position After breaking the 4790 support Entry: 40,500 Stop Loss: 41330 Risk Free:...
Expecting bounce from 20EMA band. Close below 20EMA low or below box can be treated as SL.
US30 & Dow Jones indices are above the weekly Bollinger Bands and RSI overbought on the weekly time frame. US500 & US2000 are both above the weekly BBs but not overbought on the RSI. Not a sell signal but something to be aware of.
Sell now 4hr double top Enjoy your profit guys do your risk management properly Sell at 183.127 Sl 184.241 TP 180.596
Textron has pushed old highs since the summer, and some traders may see potential for further upside. The first pattern on today’s chart is the $74.81 level, the highest weekly close in the first half. Strong earnings drove the aerospace stock above that level in late July. It tested that price area each of the next four months, and kept closing above it. Has old...
Hi Traders! USDCAD has come a long way down since the 3-month trendline break, and there is a possibility that the pair is oversold. Here are the details: After the trendline break, the market had an aggressive push down and has looked to have consolidated around the 1.33498 level, which is now the support area. If there is a hold above here, the market is...
RSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA. I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard. It's normal...