Hello traders and investors! Let’s study Tesla today! As it is Friday, let’s do our Multi Time Frame Analysis (MTFA) for a complete study. And if you are new around here, I invite you to follow me to keep in touch with my daily analyses. Every day I’ll share a few thoughts with you, and I’m sure you’ll find something good around.
The trend is very strong in the...
Hello traders and investors! Since it is Friday, let’s do a complete study on SPX, by doing a nice Multi Time Frame Analysis (MTFA). Therefore, I invite you to follow me if you are new around here. Every day, after the market closes, I’ll share a few thoughts here, and I’m sure you’ll find something you like!
The black line in the hourly chart is the ATH. Yes,...
There is no denying that LINK's first mover advantage in Oracle space, amplified by the DeFi gold rush, has resulted in its tremendous surge recently.
Another reason is that many of its competitors such as BAND, TELLOR, DOS and NEST can only be traded on Dex (decentralized exchange), centralized exchanges such as Polonix (who still use it?) and foreign exchanges...
Compound is looking bullish at last, it could be a good hedging position during Bitcoin correction.
Current Price= 143.85
Buy Entry= 144.02 - 139.00
Take Profit= 156.91 | 185.43 | 205.51
Stop Loss= 125.91
Risk/Reward= 1:1 | 1:2.85 | 1:4.16
Expected Profit= +32.64% | +92.85% | +135.48%
Possible Loss= -32.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
I just started watching this index a few days ago after one of our live room members brought it up, so I have zero understanding of it's personality. Now I know that may seem dumb to many of you but it's actually very important since different setups perform differently depending on the markets personality. (THAT'S WHY WE BACKTEST)
But last week we broke a pretty...
Price has not been able to close below the 20ema since early April. It has tested it 4 times; today is the 4th test.
Taking into account the measured move from the past times we tested the 20ema, it should take around 7 trading days to get to the sell-target.
Happy & successful trading,
Todays Analysis – STX/USDT – Retracing to establish an S/R flip re-test of daily support.
Points to consider:
- Healthy Up-trend
- Support Confluence (key level)
- Declining Volume
- Oscillators Below 50
STXUSDT needs to hold the re-test of the daily support zone to form a higher low on the chart and continue its bullish uptrend.
The Support cluster also...
One of the more interesting pairs on my radar this morning is the USDKPY as it offers 3 different trading scenarios.
1 - We currently have a double top at previous structure (looking left) which can be used as an at market short entry.
2 - A violation of this double top (and previous structure looking left) should sen the pair higher to the next level of...
I am bullish longterm, short term i think we pullback. I do not overly rely on indicators, but I feel if RSI reaches 86-87 as can be seen on past peaks on daily, there have been pullbacks. This conforms with Price action too. So this weekend price tops 11700-12200 before pulling back.
Todays analysis – FTM/USDT – consolidating at a pivotal level as trend support and structural resistance converge.
Points to consider:
- Key level (apex)
- Swing high failure
- Immediate target (structural support)
- 200 EMA Support Confluence
- Low volume
- RSI bearish divergence
Price is coiling into its apex as trend support and structural resistance...
We are forming an ascending triangle on smaller time-frames on IOTX, but we are close to an important resistance level.
The ideal is that it breaks the resistance and pullback this new support. That's where we should buy more safely with a definite stop point.
But this asset is very bullish, let's keep an...
I'm a little late to posting this here on tradingview but the GBPJPY is still offering a good potential buying opportunity. The ascending triangle is one of my favorite breakout patterns to look for & what makes this one special is that it aligns with my overall view of the market because of the recent violation of the previous structure.
Obviously the breakout...
Price dumped to hourly VWAP but good news for bulls is there was a lot of buying pressure. Two gaps were filled in the process. If you're swingin ONTX, it's best to NOT have a stop because the big boys stop hunt and your sell becomes their buys. Day traders, it's a must. Though that was tough to watch, it was healthy pull back for further continuation. We'll...