DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
Theta has reached the zone of EMAs, which is holding the price back, or is it? We have displayed here the major resistance and support zones and two possible scenarios to happen upon breaking out or breaking down from those EMAs. What do you think? Which way will we go? Swallow Team
In my view, BTC has reached its top of the bear market rally, which smart money used to scale out (on-chain data). You can see how addresses between 0.1 and 10 BTC buy every dip they can (how whales told them to do) and addresses over 100 or 1000 decline although the price is lower now. It was easy money to be made if you entered at the bottom like me and ignored...
With the new weekly opening, we see another week (the last one) closing below the strong resistance zone at $45K. Resistance is holding strong, and the new weekly is showing yet further weakness. Sure, ETF news and rumours are putting some uncertainty into traders, but nevertheless, one thing is sure: wealthy people would benefit more from rejecting or postponing...
NASDAQ:NVDA moved up on the excitement around AI at the Consumer Electronics Show. We can see that Professional Traders were anticipating a breakout. The stock should be able to begin some pre-earnings runs soon, as long as revenues and earnings continue to improve. Volume Oscillators and Money Flow Indicators have been improving as Derivative Developers...
Market is going to complete its wave 3rd of EWT started from COVID's low of 7511 in March 2020, may do it by next week on Monday(15/01/2024) or Thursday (18/01/2024) to 22070 price level but should not breach 22200 level at any cost, if it happens so then market can go on a higher level price point.And after that a wave 4 - correction of it may start and can go to...
The current technical analysis of the SP500 reveals an uncertain landscape, primarily due to a significant gap that needs attention. Two plausible scenarios are in play: Immediate Downside to Close the Gap : This could translate into a short-term downward move. Potential Upside Followed by Downside Correction : Alternatively, there might be a brief...
The Situation: Price has stopped falling, and bounced out of a key support zone of 1.3320. We think price can go higher and perhaps test out 1.3520 and maybe 1.3570 and 1.3660 before long. DAILY Techs: Bullish MACD and other stuff on the daily charts. The Daily MACD histogram is positive and bullish the oscillator crosses ain’t bad either. Price bounced from a...
Sand had a nice breakout from EMAs, securing this zone perfectly! We are looking here for a potential bullish bounce to the upper zones, which should be a sweet spot for a potential short position! We are not going to enter currently with a position as it is still a little early (just recently we secured EMAs but still showing a weakness near that zone) Waiting...
After a downside rally caused by the completion of an ABC correction, we have now entered a new impulse. It started in May 2023 and has already seen the completion of its 1-2 waves, currently forming wave 3. At the moment, we are considering two possibilities: The formation of wave 4 < wave 1 < wave 3: In this scenario, we anticipate another impulse to complete...
Multiple trendline breaks, confirming further downward action. Fibonacci goals not quite met, but there is still time. Divergences not present yet. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation...
After a complex correction, seeing a rapid change in angle and tone of candlesticks. Trendlines not yet broken, yet indicator wise, change in trend with increasing momentum. Volumes not available on this study, yet I am also willing to make a bet that a vWAP line or one of its derivatives (MIDAS for instance) would show a break. Stay safe out there. We are not...
Fairly complex, not fully shown harmonic proceeding within a positive channel. Confident, gaping breakout past the most recent high after a faint downward expanding triangle. We believe this is W3 of an impulse up. Vortex and relative volatility are confirming. ABC downward zigzag. Gentle ABCD triangle for B Wave here. Confluence of Fibonacci goals shows us some...
Signs of bears waking up on this one. 2-4 line brake with VI flipping a few days ago. Significant for high chance of trend reversal. RVI gaining momentum in the negative. This scenario also fits greater channel confines that IWM has been obeying for months. Could be a start of a downward ?A/X wave. We are not in the business of getting every prediction right, no...
After last time where we caught 18% of movement, the price of AAVE is now showing some strength where it is attempting to breakout from the upper resistance zone!! As we are near this crucial zone, we are waiting for a clear sign of a breakout or rejection to happen from where we will be trading accordingly!! We have displayed two possible positions that can...
We are looking at the TRX coin after seeing a very sharp rejection near 100/200 EMA and also on the upper side of Bollinger bands. With that being said, after a nice breakdown of EMAs, we had one clean re-test, which was successful and seems to be pushing the price lower and lower. We are looking for lower support to be reached one more time and potentially...
After an amazing liquidity movement to lower zones that DOGE coin has (which we also caught in our previous TAs), Price is getting ready for another movement to lower zones, it seems. With market uncertainty, DOGE is struggling to maintain upper zones after that liquidation movement. We are keeping an eye on a potential breakdown here, which would also mean we...
This 1.5X leveraged ETF inverses the price action of TSLA with some amplification. From the continuance of inflation, to Hertz liquidating 20,000 EVs ( prominent among them is TSLA) in favor of return to ICEs to the rise of BYD in China and the ever present Musk in the news like firing Space X employees without due process, TSLA is challenged and...