• TSLA broke its main resistance at $187, and it hit its next resistance at $200. As we discussed in our previous studies, the $187 was our key point, and seeing TSLA breaking it is a powerful sign (the link to my previous analysis is below this post, as usual);
• The $187 (red line) was the neckline of an H&S chart pattern, and it was very close...
Ethereum Technical Analysis points to a Bullish Momentum most likely to contining for a 2k price range TA?
Despite BTC having a stronger bull move last week, we shouldn't be deceived by the sluggish move of ETH buyers to break above 2k. Looking at the daily chart, ETH hasn't been able to break above the 1800 resistance level, with buyers struggling around the 1840...
Baby Doge look in the interesting panoramic that bulls are beginning to take control in this trend. I suggested to buy Baby Doge. This meme-coin look into this interesting bullish setup that we can to view in some months to break the historical maximum price that was around $0.0000000064 USD. i personally hold 930 billion of Baby Doge in my wallet (almost 1...
NASDAQ:GOOGL Hi guys,
So this is my analysis for GOOGL . Please bear in mind that this is a long term analysis and it could take time to play out.
As you can see GOOGL was in a clear Uptrend (Higher Highs, Higher Lows). We created ATH in November 2021 and since then price tried to break that level in January 2022 but that attempt to break it was not...
• The SPX lost two important support levels last week. First, the 3,885, a key point that worked as a support a few times this year. Second, the baseline of a Descending Channel;
• Meaning, the trend was already bearish, now the index is just crashing;
• There’s no meaningful bullish reaction indicating that a bottom is near;
• Even if the index reacts today, the...
Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the local uptrend channel that the price has left the bottom. However, after marking the uptrend line, we see that the price has rebounded from it in the current correction.
Now we can move on to...
• The index crashed again yesterday, and it lost the support at 3,949, and hit the bottom of its Descending Channel;
• What’s more, the 21 ema did a good job holding the price, as it worked as a resistance yesterday;
• Now that the index is in a support level, a bullish reaction is plausible;
• If the SPX confirms a bottom in this support area, it might indicate...
• The SPX stabilized yesterday, but this move isn’t enough to stop the bearish sentiment;
• In the 1h chart, the index remains bearish, as it is below the 21 ema and there’s no bullish reversal structure around;
• In the daily chart, yesterday’s candlestick was positive, but yesterday's reaction was very weak, and it didn’t occur near a support level;
• Even if...
• TSLA lost its key support at $187, and it triggered a H&S chart pattern in the daily chart;
• In the 1h chart, it failed in breaking its resistances, and the bias is clearly bearish, as it is doing nothing but lower highs/lows;
• Even if TSLA does a bullish reaction, it would have to face multiple resistances, making a bullish thesis more unlikely;
• First, in...
• The SPX triggered our Shooting Star candlestick pattern, confirming a top sign and it started its correction;
• In the 1h chart, it lost the 21 ema, along with the first two Fibonacci’s Retracements;
• Although the 50% did work momentarily as a support level, the momentum was so powerful that a few hours later, we broke the 50% retracement and found a support at...
Hello to everyone
As we can see on the chart the stock was trading in downtrend and has seen a sharp decline in the price. Stock continuously formed LH and LL , which confirms that price was trading in downtrend as per the Dow Theory , But this time the price has formed a higher low instead of making lower low, which indicates that the downtrend of the price...
• TSLA did a Bearish Engulfing candlestick pattern yesterday, and it is back to its 21 ema area;
• If TSLA loses this 21 ema, it could seek the next support at $187 again;
• TSLA is still in a congestion, and only a breakout of the $187 would reverse the bullish sentiment;
• On the other hand, it has to break the previous resistance at $214 in order to trigger...
Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 UoTrend in Green (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
White trend is a trend broken that was in my last publication.
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an...
• TSLA is trying to retest the previous resistance level at $214, but it seems to be losing steam this morning;
• The problem is that TSLA is inside a congestion, and any bearish signal around $214 may indicate that it will correct back to its support level - probably the 21 ema;
• In order to regain bullish sentiment, TSLA must do a clear breakout of the $214...
It’s amazing how things can change in a week. Last week I was looking to buy EURNZD around 1.69450. The deeper retracment trade would have given me an a 1:2 risk to reward trade. This morning price made a new high.
After updating my chart( just adding a note there has been a new high(1.70615)so now I can focus on a new buy entry price) I have another chance to...
Technical Analysis Summary
USDJPY
TREND ANALYSIS
We have 1 Uptrend in green color Internal Trend (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR...
• The SPX is reacting today, as it is trying to break yesterday’s high and the resistance at 4,015 (red line);
• If it stays above this area, the index might bounce again, and retest the next resistance area around 4,060;
• The 4,060 was a previous support level, and it is where the 21 ema is right now, making this a dual-resistance area in the daily chart;
• As...
