The Dow has tested the blue resistance line (around 19,000-19,200) about 7 times throughout the last week. The Stoch RSI is also showing it is not oversold yet. In addition, you can see the pattern of a big drop, a small gain, a big drop, a small gain, and so on. We just had the small gain and I think another big drop is coming on Monday. However, if it decides...
Evening Traders, Today’s technical analysis will be on GUESS, breaking major structural support and confirming a bearish retest, Points to consider, - Bear Trend (consecutive lower highs) - Structural support breached - Confirmed S/R Flip - RSI oversold - Stochastics in lower regions - Volume climax evident GUESS has been in an established bear trend with...
Evening Traders, Today’s analysis will be on the Australian dollar, taking a hit after breaking local support. Currently it’s trading at a pivot point that needs to be defended by the bulls. Points to consider, - Consecutive lower highs - Local support breached - 1998 Lows tested - Volume climax evident - RSI oversold - Stochastics in lower region The...
Evening Traders, Today’s technical analysis will focus on ENJBTC, noticeable bull volume coming in, it needs to close above structural resistance. Points to consider, - consecutive higher lows - Structural resistance to break - Respecting trend line and 200 MA - RSI projecting up - Stochastics in the lower regions - Noticeable bull volume ENJ has been...
Evening Traders, Today’s Technical Analysis will focus on COTIBTC, trading in a probable falling wedge looking to retest local lows. Points to consider, - Trend bearish - Lower lows likely - RSI showing signs of divergence - Stochastics neutral - Volume Clearly declining COTI’s trend has put in consecutive lower highs after breaking the all-important 21...
Evening Traders! Today’s Technical Analysis will focus on LTCBTC which is testing a key trade location with multiple technical confluences. Points to consider, - Sellers in control - Key trade location being tested - Local support next viable target - RSI neutral - Stochastics in lower regions - Volume climax nodes LTC breached key technical structural...
Evening Traders! Today’s analysis will be on SPY, a 200 point close on the weekly time frame, saving SPY from having one of the worst weeks in history as it respects the longer term trend line. Technical points to consider, - Price above key technical 200 Week MA - Long term trend line respected - Structural resistance as probable lower high...
Evening Traders! Today’s technical analysis will be on Kimberly Clark Corp that has retraced from its local top after a clear bearish divergence. Points to consider, - Price retraced to the .382 Fibonacci - .50 Fibonacci in confluence with structural support - Golden Cross in fruition - RSI diverging from price - Stochastics in lower regions - Volume...
Evening Traders, Today’s technical analysis will focus on CRUDE OIL with its biggest gap down ever, breaking a key local resistance that is likely to be tested with an oversold bounce. Points to consider, - Local yearly support breached - Multi-year structural support in confluence with Fibonacci Extension - RSI in oversold territory - Stochastics in lower...
Evening Traders, Today’s TA will be based on an oversold bounce play being imminent due to the immense selling over the weekend that has left the CME Futures with a 10% Gap. Points to consider, - CME bear flag confirmed - Local support at .618 Fibonacci - Huge open Gap (Technical Gap at $7690 open) - RSI and stochastics overextended - Volume node climax...
Evening Traders! Today’s TA will focus on a probable trade setup – two key levels to watch are the structural resistance and the ascending support. Points to consider, - Consecutive higher lower - Structural resistance to break - Ascending support respected - RSI diverging - Stochastics in an equilibrium - Volume declining BTCUSD has been trading with...
Evening traders, Today’s technical analysis will be on NEOBTC which is testing its critical structural resistance that needs to break for a bullish bias Points to consider, - Structural resistance in confluence with .382 Fibonacci - Respecting ascending support line - RSI testing its resistance - Stochastics in lower high projections - Volume clearly...
Evening Traders! Today’s technical breakdown will be on SILVER on the weekly timeframe, forming a probable bottom that needs to close above structural resistance. Points to consider, - Adam and Eve pattern playing out - Clear resistance zone to break - 200 MA current support - RSI in a falling wedge - Stochastics neutral Silver’s trend is forming a...
XEMBTC Evening Traders! Today’s update will be on XEMBTC – trading at the top of its potential ascending triangle in a bull flag formation. Points to consider, - Trend respecting ascending support - 200 MA broke (S/R flip) - Structural Resistance zone to close above - RSI respecting Support - Stochastics bouncing - Volume profile climax evident The...
Evening Traders! Today’s technical update will be on Facebook with an oversold bounce coming to fruition, this is similar across the board due to the immense sell pressure. Points to consider, - Trend broke key 200 MA - Local resistance being tested - Local support at .50 Fibonacci - RSI approaching yearly lows - Stochastics in lower regions - Bull Volume...
Evening Traders! Today’s chart update will be on XRPBTC, which is in a probable double bottom reversal pattern that needs confirmation. Points to consider, - Trend putting in clear lower highs - Double bottom evident (strong support) - Resistant line to break - RSI to break resistance - Stochastics in lower regions - Volume profile in synch - POC in...
Evening Traders! Today’s update will be on BNBBTC with an initial rejection from structural resistance, it is now resting on the 200 MA. Points to consider, - Trend putting in a lower high - 200 MA as support (Golden Cross) - Structural resistance as target - Hidden bullish divergence - Stochastics in lower regions - Healthy volume profile BNB is putting...
Evening traders! Today’s update will be on INO, trading in a descending broadening wedge which serves as a bullish pattern. Points to consider - Trend trading in a lower high projection - Broke 21 week MA (S/R Flip) - Structural weekly resistance - RSI resting on support - Stochastics neutral - Clean volume influx INO is trading in a bear trend putting in...