Re-test of long-term trendline. Stochastic RSI bottomed out. Possible double bottom. Daily price action making higher lows. Wicks on the past two daily candles show buyers are on the sidelines. Q4 is historically strong for BBY. Good old Black Friday. A break below the long-term trendline would signal an exit point. 5% downside potential.
Broadening formation, sometimes known as a bullish megaphone. Price action testing the top bollinger band. Oversold indicators with Stoch RSI conveying an increase in momentum. Tight stops at 3.10%. A break below the megaphone would indicate a retest of the longer-term trendline.
EA has followed relatively the same path as many software and tech companies since the run up from March forming an ascending channel. Currently, the price action is testing the support of it's trend, if the support is able to hold and the channel confirms a continuation, the most likely price path is A. However, if support is unable to hold and the price...
If you've been buying ATVI since my call at the beginning of the year at ~44-48, right now is a good time to add on to the position. They beat across the board on their earnings call, and the stock reacted negatively. It reached ~87.50 before bouncing off the trendline and reversing at ~79. Daily technicals show us an oversold Stochastic RSI, Volatility and...
From a technical perspective, Tesla has room to run. On the daily chart, we see a clear bullflag pattern is emerging. The stochastic RSI is ticking up above 20, volatility is below 50, and the bullish cloud continues to expand indicating a continued uptrend and strong support. The 1 and 4 hour timeframes are overbought. However, there are divergences forming...
Reliance waiting for reliance for break out. It looks like it can be break positively.
Provided that BTC finds support, closing above the channel for the next candle or two. See also my earlier longer timeframe analysis (25Sep19): My earlier 22Sep19 post, successfully predicting the massive BTC dump 2 days later.
Over the past week, the market cap dropped to a low of $212B, and over the past 24 hours has risen up to $222B. Dominance has continued to shrink and is at 66.65% down from 68%. The price of Bitcoin hit a low of 7,701 before rebounding to a high of 8,310. Currently, the price is at 8,250 **4-Hour Chart For Discord** On the 4-hour chart, we can see the price...
The market cap has been choppy and is at $222B. Dominance has dropped a point and is down to 67.83%. The price of Bitcoin has been struggling between 8,200 - 8,300. Support zone 2 has held up well and buying pressure has been demonstrated in that area of support. The stochastic RSI signal line has risen over the mark of 20 in a bullish crossover. The RVI has...
The global market cap is down to $254B. Dominance 68.36%. The price of Bitcoin is at 9,600. Price action finally made a decision and broke to the downside of short-term support without re-testing resistance at 11,000. The stochastic RSI is oversold and has fallen below 20. There is a slight curl on the stochastic RSIs signal line, which could turn into a...
The market cap is down to $269B. Dominance has risen up to 67.75%. The price of Bitcoin is at 10,100. Price action failed to break above the resistance trendline and will be re-testing the short-term support zone. Smaller timeframes are overbought, which points to some more potential downside over the weekend. During that time, we should watch for support to...
The market cap is up to $272B. Dominance has continued to drop and is down to 67.54%. The price of Bitcoin is at 10,200. Price action finally had a break in price action and broke below short-term support before buying pressure quickly stepped in. The dip in price action which caused the price to drop from 10,100 down to 9,500, took place in less than 5...
The global market cap is up to $270B. Dominance has dropped down to 68.11%. The price of Bitcoin is struggling at 10,200. Bitcoin has undergone continuous selling pressure over the last 5 days, but the price has managed to stay above the short-term support zone. The selling pressure has kept Bitcoin from participating in the small rally that other top coins...
The market cap is up to $265B. Dominance is up to 70.29%. The price of Bitcoin is at 10,400. Price action was able to find support and bounce off the short-term zone. The next point of resistance price action needs to break through is 10,500. Smaller timeframes are overbought, but continued bullish volume flow would create a divergence causing continued...
The market cap is down to $259B. Dominance is up to 69.96%. The price of Bitcoin is 10,100. So far, there has been continual buying pressure in the short-term support zone. However, the daily candles tell us that there is indecision in the market and participants continued to sell above 10,300. Technical indicators are in conflict, the Stochastic RSI indicates...
The market cap is up to $248B. Dominance is up to 69.12%. The price of Bitcoin is at 9,500. Price action has closed above support zone 1 for the past 2 days, which tells us there is buying pressure here. Technical indicators are oversold the stochastic RSI could crossover during the weekend. Bearish: If price actions falls below support at 9,300, we could...
The global market cap has continued to drop and is down to $246B. Dominance is down to 68.96%. The price of Bitcoin is at 9,450. Price action is headed towards it's first zone of support ranging between 8,800 - 9,300. Ideally, we will see the price bounce from this support zone to it's resistance. The stochastic RSI has hit bottom, and a large bounce would...