Evening Traders, Today’s Analysis – Facebook – trading above range midpoint with a hidden bullish divergence , immediate target - range resistance. Points to consider, - Trend bull pennant - Range support respected - Range resistance target - RSI hidden bullish divergence - Stochastics above 50 Facebooks trend is forming a probable bull pennant above range...
Evening Traders, Quick Analysis on the SPY - trend is still bullish until the channel is broken. Points to consider, - Channel Resistance Respected - 200 DMA Confluence - RSI Support - Stochastic Momentum Down SPY is in a technical channel testing support that is in confluence with the Daily 200 MA, a bounce here is probable. Breaking support will mean...
Evening Traders, Today’s Technical Analysis – BTCUSD- post halving, currently trading in a define range where a breakout at either ends will solidify a directional bias. Points to consider, - Bearish retest confirmation - Range Trading - Demand zone buy back - RSI higher lows - Stochastics above 50 - Volume climax Bitcoins recent bearish retest confirmed...
Evening Traders, Today’s Technical Analysis – CURA – holding a key support with the current volume clearly declining, a move will be imminent with a subsequent influx. Points to consider, - Macro trend bearish - Resistance confluence - Structural support being tested - RSI above 50 - Stochastics projected down - Declining volume CURA’s overall trend is...
Evening traders Today’s technical analysis - USDCAD - rebounding at a technical level after and impulse move down, price is likely to test structural resistance Points to consider, - relief rally after impulse sell off - 200 MA current resistance - Local support retest (higher low) - RSI above 50 not oversold - Stochastics projected up - Increasing...
Evening Traders! Today’s update will be on the traditional store of value instrument – SILVER – which has been putting in consecutive lower highs, a well-defined resistance line. Points to consider, - Bear trend with consecutive lower highs - Key support held - Resistance line break imminent - EMA’s holding support - Stochastics in upper regions - RSI...
Hello Traders! Happy Monday, Today’s update will be on the good old BATBTC pairings where we have an equilibrium forming right above the .618 Fibonacci, will this formation serve as a continuation pattern to the down side, or a possible bull break? Points to consider, - Trend putting in a macro higher high - 200 MA and .618 are current support - POC strong...
Hello Traders!, Welcome back! Today’s chart update will be on ICX, bulls have got very critical levels to break to maintain a bullish bias… Points to consider, - Price testing resistance - Rejection from major trend line - RSI coming into resistance - EMA’s holding price as support - Volume climax ICX is trying to maintain a bullish projection but there is...
Hello Traders! Today’s chart update will be on BTC’s short term projection on the hourly time frame. We have a potential rising wedge that needs to be confirmed with a third touch on the lower trend line. A break from this formation is bearish, if it plays out; we are more probable to test lower support, where the triple bottom was established. Points to...
Hello Traders! Hope you all had a great weekend, Update on BTC recent developments on the daily chart , at a very critical point, trading below the 200 Moving Average, we need it to break and stay above this level to keep a bullish bias. Points to consider, - Daily trend bearish - Price testing structural resistance - Price below key moving average -...