USDPLN on the Higher timeframes has generated some PPO arrows and Hidden Bullish Divergence at the Demand line of an Upwards Slopping Channel, which also happens to align with the 200 SMA. If it can hang on from here, I think it will make a run back up towards the top of the channel.
Amazon has gapped up to complete an 88.6% retrace thus completing the BAMM. Now we can see that the PPO is trading outside the upper bounds, and once the PPO comes back down below the upper bounds, it will confirm a Bearish PPO signal at the PCZ of this Bearish Bat, therefore confirming the Bearish Entry. I think it will target $81 from there on, but it could go...
The largest player in cannabis without having the risk/exposure to the schedule 1 plants and cutthroat competition in the sector, SMG, has broken out of a falling wedge pattern with lower PPO and TDI indicators that are close to turning bullish.
All eyes/ears are on the Senate as a vote on Safe Banking for the cannabis sector is expected this month....
Analyzing the monthly price chart, a significant pattern emerges - the Triple Top formation from 2020 till now. The Price Percentage Oscillator (PPO) and Traders' Dynamic Index (TDI) indicators further shed light on the situation. Here's my take on short-term and long-term price analysis and projection.
The Triple Top pattern indicates three consecutive peaks at...
I'd call it a bad day for Bitcoin, but when compared to the altcoins today Bitcoin is doing well. I suspect that traders are dumping their shitcoins across multiple exchanges as the SEC lawsuits against Coinbase and Binance have traders worried that their cryptos will be delisted, and/or that they might not be able to get their shitcoins or cash off of the...
Not much to dislike about gold right now from a technical point of view. Price just set a new all-time monthly closing high last month at $1986/oz and looks determined to test the all-time high at $2089/oz. Price is trending above all of the short and long averages and all averages are also trending higher which indicates a bullish trend behind price. The lower...
Bitcoin has broken above the 200-wk price average near $25k and is now testing $28k. The current price candle is yellow indicating extreme bullish trend behind price.
The lower momentum indicator is still flipping bullish with green signal line rising above the 0 level, still waiting for the purple base line to rise above the 0 level for increased bullish...
$25k has been the hard top in Bitcoin recently, with a nice floor being put in at $20k.
$20k price support stems from the high set during the crypto bubble in 2017/18 and has historical value. $25k price resistance is coming in the form of the 200-wk average, an average that Bitcoin has never closed below let alone trended below before in the chartable price...
Bitcoin has been hitting resistance at 200-week price average($25k) for the past few weeks as the lower indicators test thin lines between remaining bearish or breaking bullish. PPO has both lines below the 0 level which indicate overall bearish price momentum, while the TDI shows the RSI line creating a potential double-top at the 60 level. In general, the RSI...
The trend is your friend till they full send. still short bias. Tuesday Pa will provide a much clearer narrative
Ideally i would like to U/J retrace in tonorrows NY session befor releasing to the downside
The S&P 500 has ended nearly two-month losing streak with a +6% gain this week, 4.5% of which came on Thursday and Friday alone which is a good sign going into a long holiday weekend. It means that traders are comfortable buying at current prices and are expecting the uptrend to continue next week.
As for the technicals, the SP500 has broken above a downtrend...
After failing to hold above the 100-week price average last week near $36,000, Bitcoin has now fallen an additional -15% from last weeks close and is currently trading at $29,200. Bitcoin is now nearly -60% off of its 2021 high of $69,000 and is seeing additional downside pressure this week due to the issues surrounding Luna and UST which is generating fear and...
The S&P 500 crossed below the 100-week price average at $3,995 today which is the first cross below the 100-week average since May 11th, 2020. The 100-week average acted as temporary support last week, but buyers were unable to hold that level on the first day of trading this week.
In the last S&P 500 update shared back on March 6th price was trading near...
After making a run toward $50k in late March, Bitcoin has fallen back below $40k and is once again testing the 100-week price average for support near $37k. Should the 100-week average fail to act as price support there is secondary support in the $30-34k range as well which stems from lows seen back in mid-2021. If bulls are unable to hold price above the $30k...
The SP500 is in a downtrend on a weekly basis as price continues to trend below the 50-week price average. Almost every time that the 50-week average fails to act as support, price falls to the 100-week average which currently rests near $3920, or roughly -8% lower than current price at $4260. Should that fail, the 200-week average would be the next area to...
Bitcoin continues to remain bearish as price inches closer to the lower end of the parallel channel. Lower indicators all show bearish price trend and momentum. Abandon faith, all ye who hold Bitcoin below $33k.
Putin sent "peace-keeping" troops into Ukraine today after declaring Donetsk and Lugansk as independent. Watching for a move in gold above $1917 for the precious metal party to really get going on the heels of geopolitical risk. We also still have record inflation and monetary tightening by the Federal Reserve planned to start in March which could lead to...
Shiba Inu has failed to move above the 50sma after finding resistance at that level for the past week. Price risks falling back into the downtrend channel with a possible re-test of local lows near $0.00002826 which is roughly -18% from the current price of $0.00003560. Lower indicators are all showing bearish trend and momentum behind price in the short and...
