6 hours ago ETH just Break out its hourly MA 20 and MA 50, but after going forth and back I find ETH price position is Tricky today. If this Price trend keep going up then after 3,531, ETH will go to 3,607 Resist Price. Thats is just 2.15% Long Profit. but If Price trend turn back down, ETH will reach 3,470 a 1.73% SHORT profit then to 3,409 as its Support Price...
SMPLSMPL (The Simply Good Foods Company) is Bull to at least ~40. There is a strong uptrend and the On Balance Volume and the RSI have both reach the lower limit of volatility. There is now enough pressure to provoke a Mean Reversion and then continuation of the upwards trend. A stop loss of 35 is low enough to not be exited by volatility.
As I shared in my previous idea, this breakout range here was not looking overly impressive on volume. My impression was that a short position should be entertained due to the lack of volume.. HOWEVER, I did identify a caveat to the short idea. Two things had to happen: -The volume on the 4hr candles started picking up. As of now, we have had our last three 4hr...
Right now as it stands, I am overall more in favor of a short position than long. I have widened the view to a 4hr timeframe because the consolidation period above the trading range has lasted quite a bit longer than what we should look at in a smaller timeframe window. As of right now, the consolidation period above the trading range is NOT impressive on volume...
BILL has been a very exciting stock to watch since its recent power earnings gap. It is very apparent that the buyers are in control of the stock which you can see with the holding of the VWAP from the PEG (orange). This checks off all the boxes for my trading criteria which is: 1) no overhead resistance 2) TraderLion RS line above 75 3) PEG has not fallen below...
im not at all bearish on this company, but you cant tell me it doesnt look like its going to correct atleast 5% soon. earnings this week, magine shorting it...
I saw many traders that going for long on FB because the EMA50 acting as a support and last Friday FB touched that line. But I thing FB is going to be bearish for a while , the trade line is broken with high volume of sellers . We are now at FIB 0.236 and we have more room to go down to FIB 0.382 where we have more volume of money and the EMA 100.
The ATH high for shib is now .00009 which occurred when shiba inu listed on coinbasepro, similar price action occurred on binance us which has a high price of .000043
I see BTCUSD currently trapped in down trend channel... I think it will drop at least one more time due to the high volume that has smashed the price down through the 45k mark on the 7. September when BTC become an official tender in El Salvador. Since then the volume that has been traded is quite low despite the big tweets of buying the dip. This shows me that...
RENUSD is showing negative MACD histogram on the 30 minute chart, as well as an OBV high for the month, indicating an undersold asset ready for positive price movement. RSI also indicates that it is undersold. A good time to buy!
YM1! US30USD YM1! Dow 2021 Sep 20 Week Weekly: Higher volume but narrower spread than previous week, closed off low = some demand Daily: Market supported at 34379, high volume bar closing off low = some demand H4: Shortening of the downward thrust, possible pause in downward momentum / return of strength. Strategy for Short (Test and Reject) Strategy for...
Just a closer look at recent price action. Note the high volume on last session. If this analysis is correct this could be ready for a quick pop. Also, price action is showing signs of accumulation.
ES1! SPX500USD ES1! SnP500 2021 Sep 20 Week Last week, nice trade opportunities from the price reaction to the levels, tested 4415. Weekly/Daily: High volume wide spread bar close off the low = temporary demand. Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Climatic down bars closed off the week, pushing through the...
NQ1! NAS100USD NQ1! NASDAQ 2021 Sep 20 Week Last week, the 2BR in weekly time frame exerted its influence and marked closed down for the week. Short opportunities were profitable. Weekly / Daily = High volume down bar closing off low = some support H4: UHV bar's spread was narrow than preceding bar, means some support has came in. Strategy for Short: (Test...
GC1! GC1! Gold 2021 Sep 20 Week Last week, weakness in gold played out for a fruitful short. Weekly: After 4 up weeks, this is the first wide spread down bar which took out the low of the week before it. Weakness TBC Daily: Ultra wide spread down bar on high volume pushing through a temporary support = bearish absorption = weakness H4: UHV ultra wide...
AMD doing what it always does in September. Almost never sees 4 weeks red in a row. 5 out of the last 6 were red. Volume is trending back up this week. Could be range bound like last time, but I believe a retest of 120+ is in store by next ER. The 50d is also the 50% fib retracement. Squeeze momentum is as huge as it has ever been, yet shorts have been attacking...