JPM is in a critical state as seen by it resting at its Fibonacci support. It can either break to the downside, allowing for a entry at 140 or it may reverse. In order to conclude the direction that this stock is going, watch the daily and weekly for a turnaround via the MACD. A reduction of bearish momentum within the weekly and bullish momentum within the daily...
Waite for break out range trading from upside or downside and let market select side .
What if we find support here and keep in this schiff channel, wouldnt that be great?
Hello everyone, I believe bitcoin is in a very awkward stage right now. Is it bullish? Is it bearish? Here's my honest take on bitcoin right now. For the short term, I think bitcoin will drop. Where? I think a perfect bounce would happen around the .382 Fib level. This aligns with our "possible" upward support line, daily 100 moving average, and the bottom...
Hey yall, it's been a minute since I posted a $LINK chart so I'll show you what I'm thinking about at the moment. Overall market sentiment was pretty bearish for a moment there. However, I think that was a result of a massive inflow of new money via doge and scam BSC / cake swap tokens that were blowing up on tictok etc. Massive amounts of overleveraged new...
See the chart <3 Now it s Neutral. Now just Watch and take care!
On EURUSD, price has formed a possible channel on H1 timeframe as it went below the demand zone (1.19). All fundamentals let us think that the bullish scenario isn't gone. However, more confluence is needed on this to take the right decision. A possible scenario: Could be that price touches the upper trendline, dive back in the channel and breaks the upper...
here we have 2 scenarios of Bullish and bearish, the price action shows a higher chances of bullish rally but at the same time we can see Bearish Divergence on MACD, so we can wait and see or use this chart as a template and apply your analysis and find your confluences with it and choose a side personally I am bearish on it but as I said there are risk on this...
In the 4 hours chart, we can see that USD/JPY has reached a resistence level that has been rejected. There are two possible scenarios: First: The market will build a support structure at one of support levels and retest strong resistence with a possible breakout. Than, establishment of a new strong support zone and continued upward movement. Second: The...
Litecoin is at an extremely critical point on the 1D as it has the possibility of crossing back into a favorable long position if the price closes above 179 USD. Historically in times of week-long bear trends, we generally do not see a return to weekly trend normality immediately, so expect some volatility in the coming weeks (especially if price closes below 175...
As you can see the ichimoku clouds interfere with the candle-sticks and RSI, MACD and my personal best indicator with EMA gives the perfect signal when to BUY/SELL or HOLD, to get the indicator and get 95%+ accurate signals DM me if interested
Short Term Trend: Neutral. Price Action Signals: Price sold off from a Bearish Pin Bar that formed around the 106.08 resistance level. The previous Bearish Pin Bar signals at 105.65 failed. Potential Trade Idea: We are considering trading shorts from a Bearish Price Action Signal at or just under the 106.08 resistance level.
This chart illustrates the dangers of ALTs vs BTC. Now, I personally consider ETH a semi-alt. This also illustrates the dangers of having an extreme view when looking at the market. About a month an a half ago, I noticed the amount of posts on twitter, the ideas on tradingview having an extremely lopsided view of ETH vs. BTC. "ETH gonna flip BTC," or "ETH gonna be...
Over the past couple of weeks GU has provided us with an ascending triangle creating higher lows with a respected resistance level at 1.37458. We are looking for price to test this level, either reject and go short to test the support leg of the ascending triangle or test and break through resistance and create a higher high.
We've heard gossips about possible Apple's partnership with Hyundai in order to build their autonomous car. Sales are looking good, M1 processor is a cutting-edge technology, but the problem is makroeconomy in US and S&P overall. Two possible scenarios shown on the chart. If it breaks the trend (less likely) we will see move downwards to ~125 if not lower. Other...
Hi Guys Here is 2 things The first is the minor CME gap at 18850 where the 50 EMA is located maybe btc will test first it and if price goes up from here then we can open short position from there. The second is big CME gap was at price 17k and the 200 EMA is also located which is strong support area if btc goes down from here and then we can open long position...