Solana's recent price action suggests a consolidation at a significant resistance level. The Relative Strength Index (RSI) has retreated from overbought conditions, indicating a potential easing of buying pressure. While currently holding resistance, a good hold near current zones could lead to a test of lower support levels, with the first notable support zone...
AAVE's price is going to face a struggle to maintain upward momentum as it tests key support levels. The 200 EMA is serving as a pivotal line, with potential for a breakdown. A decisive movement below this trend could signal a continuation of bearish sentiment, potentially targeting lower support zones. Conversely, if bulls regain control and we breach the...
We've been tracking the MASK coin closely and have noticed some interesting movements. The coin attempted a breakout which didn't hold, leading to a sharp decline towards a re-test zone. If this re-test fails to push through, we're likely to witness a further slide into the lower price regions, with the 200 EMA as our primary target. This area will be crucial to...
The new week has started with a magnificent breakout (breaking the $40K zone without any significant resistance). During the Asian trading hours, Bitcoin has had a breakout from the $40K zone and is currently aiming for the $41.5K zone. As many (including us) waited for some major rejection to happen near $40K, it came to the conclusion that we needed to wait for...
Very nice 4H zone that we are currently in. Going to wait for the 15m to turn bearish then I will short to target.
AMEX:SPY December 8, 2023 15 Minutes. Loss day. Opened the gap up. Close near low. Shorted. Made the mistake of not checking stochastics as it has still not curled own from 75-80+ levels. At the close of the third bar, realized the mistake. as the bar closed near the top and broke the first bar high too. Went long with SL as the previous bar low at 456.2, for...
The analysis done here shows extreme complacency in the market which is indicating a top could be forming. When everyone is bullish you have to be worried.
AMEX:SPY December 7, 2023 15 Minutes. As expected uptrend was restricted as parameters were not in support. The gap-up gave a chance to short at open with SL 458.95 levels. In 60 minutes AMEX:SPY is t 100 average support with 200 being 444 levels. I expect a downside today. If we consider the rise from 446.09 to 459.64 XETR:SPYY has retraced to 38.2...
IWN on the reliable daily chart has been trending down for two in a descending channel as shown on the chart with upper and lower trendlines drawn with the tool. The Stochastic RSI oscillates in the interval between oversold and over bought and presently is well overbought at nearly 100. While the RSI may double top like it did in July, it is at least...
The RSI indicator shows that the decline in AUDUSD (H1) rate has slowed down at the support zone. Buy stop order can be executed at: 0.65544 Stop loss at: 0.65464 Take profit at: 0.65703 Note: capital management 2%: 25 lot for 100.000$
WOuld pay to be contrarian here. all momentum indicators are very much over extended but can run a bit more but i feel time is running out. everyone and their moms are now calling for 40k where were they at 26??? we got a perfect CME gap fill, almost seems to easy to long here which is why we short. and fade the general public. I find it also very improbable on a...
The BNB/USDT pair on the daily chart shows a failed attempt to push higher, indicating a potential reversal. The market seems to be reacting to news about Binance's founder, which could be influencing trader sentiment. The Price is now staying below 100EMA, showing us the strong overweight of bearishness (thanks to that failed attempt to push) The path ahead for...
AMEX:SPY December 6, 2023 15 Minutes. As expected AMEX:SPY was in the range 454-457-458. The gap down yesterday allowed going long around 455.5 for a target of 457-457.5. I will consider today's few fibs. In 60 minutes I will take the rise from 446.09 to 459.64. So far AMEX:SPY has retraced around 456.5 levels being 23.6% retracement. So it is bullish. But...
Currently in a range (yellow box + small trend lines), key levels plotted to look out for, combined with daily and weekly MAs to be used as confluences. RSI & MS trending downwards, Stochastic suggesting upwards movement. Personally wouldn't pay too much attention to these indicators.
It looks like we are in a corrective move to start a new bearish wave
*safe investment opportunity - low risk* Each candle on the above chart represents 6-months of price action. You can be sure not many people are studying this time frame. A new candle was printed at the close of 2020 following an astonishing 80% correction since mid-2014. We can see previous price action resistance from dot.com bubble is now winning strong...
over the next day or so price will struggle to break the 4H Support. I will look for entry in the purple zone with my SL setup a little bit below that zone
I wanted to bring your attention to an exciting opportunity in the cryptocurrency market, specifically regarding Solana (SOL). Based on recent market analysis, it appears that SOL is poised for a potential breakout. Several key indicators suggest a favorable outlook for SOL's price movement. Firstly, the Relative Strength Index (RSI) is currently in a neutral...