Ready to bounce from the lower trendlind. I'm expecting a strike above $10 $Descheduling should happen rather sooner than later 🕶️🐍
Homebuilder Lennar has been grinding higher this year, but some traders may expect a breakdown. The first pattern on today’s chart is the rising trendline along lows in January, February and March. Prices have sat there for the last four sessions with little sign of a bounce, which may suggest it’s losing relevance as support. Second, the 50-day simple moving...
The Bitcoin market appears to be taking a breather after a period of intense activity in the futures market. Recent data indicates a decline in Bitcoin's open interest, a metric that reflects the total amount of outstanding futures contracts. This development comes after concerns arose about the futures market potentially overheating, which could lead to increased...
I've been a long-term bull on NASDAQ:WIRE for years, and it continues to be one of my largest positions. Fundamentally, there's nothing that changed my mind about the company. I've listed some of the reasons I like the company in this mind , and they're as valid now as they were last October. That said, I am thinking about reducing my position for a couple of...
Drugmaker Merck has been pushing to new highs, and now it’s pulled back. The first pattern on today’s chart is a pair of gaps. On February 1, earnings and revenue beat estimates. The second jump on March 27 followed approval of a lung-disease drug. Both of those gaps pushed the stock to record highs. Next, MRK held last year’s previous all-time high in...
BINANCE:BTCUSDT , 1d Market is trading between $63,000 and it’s all time high, $73,000 levels. Swing traders can buy at the support and sell the resistance of this range. On the contrary, Breakout traders will wait to trade the breakdown or breakout of the range. BINANCE:BTCUSDT Price recently broke below the 50SMA which could signal a mid-term...
Typically, when you see moving averages get tighter and tighter together, there is a big move coming and its typically in the direction of the side that current prices action is on. This bunching of moving averages happens on many assets but for crypto, the moves that happen after are exponential. As an avid Cardano contributor and trader, here is what I am seeing...
OGI has completed another trend up from the federal news about a push for legalization of marijuana as a handout from incumbents seeking another term. My recent idea on OGI as to demonstrate its suitability for high return short duration swing trades to add compounding into the profit and returns. The increased volatility due to the federal news only adds...
TBT is shown here on a weekly chart. It transitioned froma downtrend into the present trend up two years ago with the initiation of the rate hikes to cut down inflation by hitting its knees. Inflation was the direct result of the money printing and stimulus as part of the federal response to the complications of covid and lockdowns. Price is now ascending in a...
Ideas not advice Technical outlook for Monday Fundamentally, currently ranging market Double bottom support in 15-30min 50 EMA above FVG/Imbalance above Technical conclusion - retracement signs to that area and likely more
Price keeps getting rejected from Ema50 If you are not in any position yet, better to wait for the range to develop a bit Price action looks a bit weak here thus I'm not expecting a decent bounce at .86 (neckline) , could just be a temporary bounce I would rather bid at .80 to .75, however, I also have an eye on .62 to .60 level for possible deviation
SBUX of late has been in a descending channel and has sloped down heavily in April. It is now in deep undervalued and overbought territory at the bottom of the channel and above the 3rd lower VWAP band line. The RSI lines ( both faster and slower) are bearish as well. My trade plan is to watch Starbucks for a reversal which may be signaled by bullish...
PG on the weekly chart gained 15% in a year and had a dip in the past two weeks with earnings at the end of this week. PG persistently and consistently beats earnings estimates and pays a dividend. Moreover, it consistently has a bit of a surge after earnings. I see this as an opportunity to get a good stock on a 4% dip of a discount and hold it through...
This idea for long term Reinsurance stock broke out its cup and handle pattern Promised to full-fill cup depth which about 315 % Cup depth will take us from 26 to 85 SR Good luck!
After a weekend of unpleasant price action, we're looking back at 2021 to see what happened before when BTC almost touched D1 EMA 100 after a big sell-off. The cycle's first top was a good example, although there is no implication here that we are at a cycle top. It's just similar EMA structure, which is worth studying. Price action develops a bit different in...
If we do see a larger crypto correction, Cardano may continue to see lower prices 200 day moving average and previous support acting as resistance for price at the moment Short ADA down to 0.30 or 0.25 may offer a good hedge to the crypto correction
In a bold move aimed at fortifying its position as a global leader in payments technology, Mastercard ( NYSE:MA ) has announced a comprehensive reorganization of its internal structure. The company’s CEO, Michael Miebach, unveiled the ambitious plan, outlining a strategic vision that promises to revolutionize the way Mastercard operates and innovates in the...
📉Hi Traders, Investors and Speculators of Charts📈 AVAXUSDT, an ETH rival, is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. Currently, we see the markets trading in a corrective phase where wicky price action and shakeouts are common. I've been bullish on AVAX for...