NVAX is HOT right now.
Earlier yesterday I expected a pullback, but there is no way of telling when the buy craze will end.
What I'm monitoring from the chart:
Momentum, to indicate a possible trend reversal - for now the momentum is still HOT
RSI, also to monitor momentum and buy power - right now the buyers are in firm control
Bollinger Bands, to monitor the...
As you all can see what I'm anticipating with RKT. A barrier formed at the high end of the curve which is pretty significant, and even if it's not "respected" it can serve as a great area to re-enter the markets.
The highlighted area signifies potential profit margin if Price Action starts to head to the downside. However, even if that were to take place there's...
While the rest of the market ran bullish at the end of the previous week, Gold dipped negative, crossing below the 30-day and 50-day moving averages. Prices are currently trading horizontally in the short term with $16 being a support level that has not been broken, despite several tests since mid April.
Low MACD amplitude swings also correlate to a near-term...
All I'll say for now is that I'll love to see the bears enter the market to push price down to the $90 level. Before that can happen I'll wait for a B.A.R of the $92.66. We shall see...
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I do not track & trade this currency pair.
This was a mark up I had did with my Wife. She's in the process of learning how and what to spot so this was a chart I assisted her in a few days ago. I meant to publish this after it was marked up, but life got in the way. I will say that she's already pretty damn amazing at spotting key levels out on a naked chart....
These are the levels I'm currently paying attention to with Bitcoin.
"Chris, what are you waiting to see take place with price?"
I'm waiting to see if Price Action will do a B.A.R of the $10590 level before heading further down.
"But why there, and do you believe it's going down?"
All due to the clues that's being left behind in price. A key level ($12190)...
I should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price.
I'll be paying attention to Price Action to leave the necessary clues needed for me to react.
Yesterday's P.A. had breached a level...
These are my areas of interest with Chainlink.
Long term - Bullish
Short term - Bearish
This Crypto has been moving in a parabolic form, so I can only assume that there's a correction in the horizon for this asset. This particular crypto has caught my attention due to it's beautiful moves but what goes up must come down. I'll patiently wait for the drop,...
It's pretty evident what I'm looking forward to seeing happen in the market this upcoming week. I would like to see how this plays out, but if you're looking for a more in-depth analysis for the British Pound/US Dollar just head over to one of my most recent published ideas. Happy Trading!
Be sure to go check out my last published idea on the Dollar!
Okay, so Price Action broke through a huge zone but I'm not quite sure when that took place (go back and look for yaself). However, normally when price break through significant areas it has a tendency to revisit the area which was broken. I believe what we're currently witnessing with the Dollar is...
I don't have much to say on the matter. I will say that I'm in the bull's favor, but since price FINALLY broke out of an area that had Price Action ranging underneath FOR AGES, you'd have to expect a nice pullback.. that's where I'm at with it at this current time.
Follow the order flow..
It's been awhile!
Long-term - Bullish
Short-term - Bearish
Last week price broke through an important area ($1.2750 - $1.2813) that had started back on June 10, 2020. I'm anticipating bears to enter the market due to this along with last week's Daily candle closed as a 'Shooting Star" and other factors as well.
Be sure to check the divergence from the...
Good Day Everyone
A look at the USOIL as we closed last month on a second consecutive high and we are currently trading at 61.8 % FIBONACCI level on the monthly chart NET BULLISH and at a strong level $ 40.44.
> Coming down to the weekly the USOIL is trading in a ascending triangle it has been range bound in this structure for some couple of weeks as we wait to...
As of now I'm still bearish on the US Dollar, but not for long due to where it's heading. Sometime in the next couple of weeks I'm projecting a shift in P.A. in bull's favor. However, to see the "bigger picture" I analyzed the DXY Daily back in May which can be found among my other published ideas so go check it out.
I'm anticipating a retrace in price up to the...
GBPUSD is one of the currency pairs I mostly track & trade.
There was a huge drop in price not long ago, and now it's heading back up in a "V" formation. Price had broke a very significant area when it was declining so I would take that as a precursor for what can potentially come in the near future.
Confluence (3 or more):
1. P.A. is within a...