In the current market scenario, the EURGBP pair appears to be undergoing a phase of consolidation following a preceding downtrend. The price action is forming a discernible flat bottom, a pattern indicative of accumulation, further complemented by a bullish divergence observed on the Relative Strength Index (RSI).
Should the price breach the defined entry point,...
Microsoft ( NASDAQ:MSFT ) has been on a bull run since the AI hype started. Despite a correction that pulled it down all the way to $310, it has recovered well and continues to stay strong. However, after analysing its most recent bull run and using the RSI indicator, I have concluded that it has exhausted its bull run and is ready to take another correction.
Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside.
Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days.
With new legislation for reporting short positions and the pressure on the...
Hello Everyone 🙋🏽♂️
We are in supply zone with an overbought RSI indicator.
🟠 EP 23.92943
🔴 SL 24.35149
🟢 TP1 23.48040
🟢 TP2 23.06730
🟢 TP3 22.65874
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for...
NASDAQ:NVDA ,1D: Price dipped just below the 50% line and popped back up over the line after coming off the local lows at 403. Given the 'uncertainty' around the level and duration of a 'higher for longer' rate environment along with the market's general preference for 'clarity' over 'uncertainty', it would not be unreasonable to expect the 'increased volatility'...
We have closed our CRWD trade at a profit of 12.5%. The profit target has been reached and the stock if short-term overbought (RSI) which increases the risk for a short-term pullback.
When the stock is at the target profit, you have several options: a) close the full trade, b) close half of the trade and move the SL for the remaining half up to e.g. breakeven, c)...
There is a potential for a short term SHORT trade on BTC/USDT. If todays bar closes < 34.7k (~3.5 hours till close) there is potential for a short. There are two target zones:
Yellow zone, this is the most likely zone it may dump to between 32.5 and 32.8k
White zone, between 30.3k and 31.8k, this may happen if the lower level of 32.5k in the Yellow zone fails...
here is my insight on BTC, as expected BTC did bounce in the zone I placed from my previous analysis.
BTC might try to go range, or try the highs because of the divergence in lower timeframe before going down to retest the support.
I placed the possible entry for long:
1. previous high
2. 50% of the previous gap.
Ofcourse this might go lower, touch the middle...
NYSE:VZ Verizon Communications Inc. has recently released an impressive earnings report, surpassing expectations across the board and increasing their Free Cash Flow (FCF) guidance by a substantial $1 billion compared to their previous guidance. This announcement has injected new life into the stock, and it's evident in the pre-market trading where VZ has surged...
We have what looks like Hidden Bullish Divergence with the Price and the RSI indictor on this BTC/USD 1D chart.
We can also see that we have 2 liquidity voids that need filling up so a further drop is also a possibility.
NYSE:DIS has certainly seen better days as it has spent the better part of the last 2 years with price action slowly trickling downwards.
That being said, a magical opportunity appears to be presenting itself.
We see an active rug pull event has kicked off on the 2D chart with an upside target of $103. This represents an upside of approximately 20% from...