After NASDAQ:NKLA reached all time low at around 0.6 $ it doubled in almost 10 days. It pulled back to 0.5 Fibonacci level from the 200 days moving average and bounced back and closed at 1.02$ on Friday. The sentiment about the NASDAQ:NKLA is starting to change and recent activity of company shows great improvement. Last quarter they delivered more truck as...
Hello traders and investors! I'll share the forecast I made in mid-March. On the weekly chart, there's a sideways movement, with a bullish vector 5-6 targeting 0.69205. On the daily chart, we also see a sideways movement, with a bullish vector 7-8 targeting 0.66345, 0.66676. I'm awaiting price interaction with the daily targets to update the forecast. For a more...
As shown on the one-hour chart, in the last trading session, HPE broke out of its usual trading the range being the blue high-volume area on the profile. This is with increased volatility as shown by the indicator and the large top wicks on the rising green candles. Why did this occur? Were traders simply buying anything in the IT sector vaguely related...
In my analysis of AUDCAD, I pinpointed a specific area marked by ultra-high volume, suggesting a potential retest of this zone. It's worth noting that such areas are typically revisited in the majority of cases, prompting the question: am I anticipating weakness in this currency pair? Maybe, maybe not... Let's delve deeper. Examining AUDCAD on the weekly...
Shiba Inu has pushed quite hard. I can only think of sled dogs ona long marathon push over a sun prepared snow trail. The ride might be frictionless but nonetheless grueling and perhaps time for a rest. The chart shows the breakout and then extension above the VWAP lines that are trying to catch up. In proper risk management. I will take half the position off...
ESPR on the 120-minute chart is surging with momentum from an FDA approval for a new cholestrol and lipid medication which will be an alternative to the at statin class which has side effects and can cause diabetes. I am familar with a few of the professionals on the science advisory board they are researchers and academics of the highest claiber. The...
TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded by Paul Prager and Nazar Khan on February 8, 2021 and is headquartered in Easton, MD.
EXK is a junior miner. With fixed expenses in its mining operations for the most part, margins rise dramatically when silver is rising and the opposite is likewise applicable. This is the crux of using junior miners as a means to profit from trending in precious metals. As a penny stock EXK has hieghtened volatility as compared with Barrock Gold or the GLD...
I've labeled areas of confluence on the chart. Global 618 golden pocket with an orderblock nicely paired with imbalances beneath as a magnet to pull price up. The white line is the yearly Vwap and that snap point (Hard Knee) is in my area of confluence. Thats the yearly reset of the volume weighted average price. Price tends to revisit these levels. I pulled...
Dymension chart show me market strength. Trading range was established near highs - low retracement level. Market structure shows low bearish activity. It is posible that acumulation is in the process. I expects possible supply tests at higher price levels to confirm lack of supply.
We are seeing a symmetrical triangle formed on the BTC daily chart. We also are viewing a general decrease in trading volume as the triangle developed. This leads to a higher probability that we will see a breakout to the upside and a continuation of the previous bullish price action.
The digital asset Solana (SOL/USD) is exhibiting bearish tendencies in its market behavior, as demonstrated by a comprehensive analysis of various technical indicators on the daily chart. Currently priced at $175.30, the asset has witnessed a 4.81% decline, signaling a potential strategic juncture for traders and investors alike. Price Trajectory and Moving...
By looking at the chart, we find that there is a final upward wave remaining for the completion of wave C, from which a correction takes place for an average period that extends to two years before the completion of the upward movement again.
64k to 67k range held. WE will see the 80k area likely by end of next week. Without that retest we wouldn't have the security of being able to bounce at a 58k low to continue a trade season in case of a dump. Smooth riding this April. Please your bet on your fave forgotten alt. Eyes on GRT, ANKR, and REN. Follow, Boost, and Comment for more Signals. Best...
After touching the $7.15 area three times, we can consider this area weak. If the price breaks and the candle closes below this range, we can expect the following targets: 6.88 6.68 6.45 And exit the trade in the range of 6.17 - 6.10. Things to keep in mind: This is only a technical analysis and there is no guarantee that targets will be achieved. Always do your...
I am sharing here the magic of Ultra High Volume candle trading strategy. When Smart Money executed so many sell orders then some orders were successful, but many of the orders remained pending. So the market goes back to pick those pending orders, and finally on the exact location and continues its sell trend. This is my personal technical analysis, before...
EURUSD is currently sitting at the price level from which it reversed in mid-December as well as mid-February. Price is at the second lower anchored VWAP band line which adds confluence to the support. From here, price should move toward the mean VWAP. Upside to the target mean VWAP is about 1.25%. The RSI indicator shows weakness and an undervalued /...
AUDUSD as shown on the 30-minute chart has crossed over the mean VWAP anchored back 5 days. From here I expect a move toward the upper first and second VWAP lines and so will take a long trade targeting 0.6535 initially ( aVWAP+1) and 0.655 for the higher target ( aVWAP +2) The stop loss will be under the mean VWAP at 0.6515.