XNGUSD is here on a 120 minute chart. I can see that it is trying to turn the corner and head up. The RSI is turning up in bullish divergence. While price is below its moving averages, the SMA20 is soon to be in reach. The anchored VWAP lines are approaching a slope decreasing to zero, while price is getting closer to the mean VWAP as those lines go flat....
UNG on the daily chart has put in another monthly low similar to that of December after falling from a double top in early January. Gas production may be low. Storages may be depleting as demand is steady even in mild winters. The indicators show mild bullish divergence on the zero-lag MACD and volatility compression on the Fibonacci levels with low...
World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary...
SOLANA has switched from a Bull Channel to a Bear Channel. We're now on the 7th day of this new bear channel. RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023. If you found this interesting or helpful, click the rocket! --------->
World gold broke the resistance level of 2,050 USD/ounce thanks to expectations of loosening monetary policy by the US Federal Reserve (Fed) after somewhat weak US economic reports were published. Although prices have recovered, many analysts are concerned that gold may encounter difficulties. After each time the precious metal breaks the resistance level, the...
Quite the bull run these past few days, but at some point it needs to cool off. 4-hour showing signs in the RSI, and volume-price ratios suggest the smart money might be taking profits. Started taking profit between .0000076-.000008. BTC looks like it wants to break a new ATH, but pull-backs expected soon after. Turned a 4x profit from this run. I'm going to...
Looks like this could start a long term swing down. Carry trade is about 50% for a short position, may be a grea time to start selling tops all the way down.
SLI isn't really on the stock you talk about with your buddies at the bar on the weekend. "So, I was doing some TA and noticed this Lithium mining stock that was down 90%+ from ATH and it looks like it is double bottoming with a good risk to reward ratio..." But, at home, when you're a trader and you see certain patterns emerging, you get the trading adrenaline...
Michael Saylor once said "If BTC doesn't go to Zero, it's going to MIL:1M +". While I don't think AMC will ever be a moonshot like Bitcoin, I do think that if they don't go bankrupt in the next 2 years, there's a pretty good chance we 2x - 5x from current levels in the next 3 - 5 years. I'm using this video for myself as a Vlog to manage my emotions in what I...
Reason for the trade. broken trend line: retested broken structure and created support creating HH and HL perfect setup for London session. i do not see how this would be anything but a sell. lets hope markets don't get choppy or manipulate.
Introduction: Token Name: Gains Network Token (GNS) Platform: Ethereum Blockchain Launch Date: 2021 Use Case: Decentralized Derivatives Exchange Key Points: GNS empowers users to engage in derivative trading without intermediaries. The platform offers a diverse range of trading instruments, including futures and options contracts. GNS utilizes a competitive fee...
Low Volume test. Still expecting a uptrend to 2 wave elliot
BTC local top is approaching the line. Normally this line tells us when local top reaches. We will see then now.
As you can see from the chart Nifty is continuously making higher highs and higher lows. There is a trend line 1 which is continuously supporting the Nifty. There is another trendline 2 which stops the Nifty while it is growing. As of now the trend is normal bullish within the trend line but if the trend line is broken on either side we will have a decisive move....
We were preparing for this move all day in my livestream and were back and forth shaking out sellers at this very strong level. I ended the livestream earlier but thought I'd catch the move live for all the members who were with us waiting for the take off to happen. Here it is! Hope for those who were in my last stream got to enjoy some nice profits from this...
FX:XAUUSD is testing the maximum. After a long consolidation, a distribution phase is formed, which leads to a false breakdown of the intermediate resistance level. What should we wait for next, decline or growth? The distribution phase is clearly demonstrated on the background of volume growth. The price is testing the intermediate level of 2084.5 and forms a...
Petronet breaking out after forming a base for 2.9Y and reached target 1 today at 285. 317, 379, 402, 423 are the subsequent targets. 379 should be an easy target.
HI Guys! In general, if we buy with the intention of holding, it doesn't matter if we buy 10% higher or lower . But in order to better understand the concept of risk and capital management and to be able to prevent ourselves from becoming fomo , we must have a specific entry point and an exit point , and in general, a specific trading setup according to...