On a TSLA chart, TSLA has been trending cown since last May. On the anchored VWAP lines, it topped out crossing above the second upper VWAP about the first week of January '23 then crossing under the same line on January 20, 23 Between August and October price tested and consolidated about the first upper VWAP line. It then fell to the mean VWAP line and...
Starknet token on Base chain. Is it a viable contender in the future for cryptocurrency? I do'nt see why not. Why would coinbase add this token to their ... does Coinbase add or do people build on Base whether Base likes it or not? There was a problem with Binance Chain now BNB chain in the past with too many bad programs using BNB chain for their ill willed intentions.
AMEX:SPY April 19 2024 Strength is only above 515+- at the moment. Today 497 should break and probably AMEX:SPY will touch 4892no 94 levels being 100 average in the daily. In 15 minutes we have 100 averages at 504 and 200 averages at 50 levels. Both will be resisted at least once. For the day I will go short around 502 levels on a gap up or below 497 on a...
Introduction Chainlink (LINKUSD) is a cryptocurrency that powers a decentralized oracle network for smart contracts. It provides a secure and reliable way for blockchain applications to access off-chain data, enabling a wider range of functionalities. This article analyzes LINKUSD through the lens of Bollinger Bands and a potentially reversing trend, suggesting a...
📉Hi Traders, Investors and Speculators of Charts📈 ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern. Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick...
Hey Rich Friends, I think EU will be buying this week. Please remember that this is only a technical analysis, so check the news and cross-reference your chart and indicators. Here is what I am looking at: - The market has already rejected a previous demand zone causing the price to continue to buy - The 3 EMA (blue) has crossed above the 10 EMA (purple) on...
AUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically. The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269). The hawkish...
SPY on a daily chart shows rising VWAP lines and price with the RSI indicator showing strength above 50 since November and presently in the 65 range and so not yet overbought. Volumes are near to the running mean. Price Momentum and Relative Trend indicator are more or less flat but are positive. The mass index indicator does not show a reversal pattern. I...
Bullish flag at demand zone, targeting liquidity zones to then short back to 1.05000
We have all heard that it is a good idea to go with the flow of the market but what does that look like? It's not enough to just read about flowing with the market, it must be practiced and experienced. We must acquire the skill of following markets up and down through its changes seamlessly. A disciplined trading plan will have an objective method and will...
#Nifty Recently Made a Higher high, by breaking an range bound area and sustaining above the Level. Recent fall is expected to be a correction to the Upmove. Market is reaching towards #Demandzone. Wait for #priceaction Confirmation for #TrendReversal
AMEX:SPY April 17, 2024 15 Minutes. Consolidation day. Today is Wednesday. I am expecting a one sided move. For the fall 506.5 to 502.61, AMEX:SPY retraced 78% and fell at close. For the two lows 502.43 and 502.22 we have oscillator divergence. I believe the uptrend for that divergence is over from 502.2 to 506. Today action will be above 507 or below...
On the appearch of the TOTAL crypto chart the 10 day moving average and the 50 day moving average are crossing. The 10 day line is crossing over the 50 day, as in going under.
Marathon Petroleum has been running since late January, and now it’s pulled back. The first pattern on today’s chart of the refinery stock is the March high of $203.02. The stock tested that peak today. Traders may watch to see if it can turn old resistance into new support. Second, MPC has pulled back to the rising 21-day exponential moving average. It offered...
Potential Short term Buy on Lower TF Overall Bearish Market on the higher TF. Pay attention to the market structure & price action.
Last week's "Chart of the Day" highlighted the JPY futures (6J) as they were breaking down through wedge support. This has taken place, and now intervention talk is louder than ever. As this has happened, the risk for intervention has indeed increased and with the CHFJPY, it may pose a better risk/reward for fresh short positions (or long JPY). The Swiss National...
Aurora Cannabis on a 15 minute chart is sitting on the dynamic support of the second lower VWAP band in deep undervalued territory also below the high volume area of the immediate volume profile anchored back to April 11th. The Trend indicator shows bearish momentum has bottomed. The dual time fram RSI indicator shows RS values in the low 40s. ACB did have...
Do you know that BINANCE:ARBUSDT has never experienced any bull season before? Because of its onchain data, I am extremely bullish on Arbitrum as it has the potential to hit $25B mcap in the next bull season. If you are not positioned on ARB coin yet, now you have a detailed plan on how to get into the coin. Set your limit orders according to the plan. No...