Nvidia gapped down 3.84% on Wednesday and was falling an additional 3% at one point intraday in sympathy with the S&P 500, which also gapped down and continued to decline heading into the release of the Federal Reserve’s decision on its monetary policy at 2 p.m. For technical traders the lower prices likely didn’t come as a surprise because on March 29 the stock...
The pattern is bearish for the short term, but can be bullish down the road. For bearish traders, the trend is your friend (until it's not) and the stock is likely to continue downwards. Aggressive traders may decide to short the stock at the upper trendline and exit the trade at the lower trendline. Bullish traders will want to watch for a break up from the upper...
Dogecoin confirmed the uptrend is still intact on Monday when the crypto printed a higher high above the most recent March 28 high of $0.153. On Tuesday, bullish momentum came into the crypto and pushed Dogecoin higher still. The measured move of the break up from the bull flag is 40%, which indicates Dogecoin could trade up toward 19 cents in the future but may...
BTC traded in a range of $45,626 – $47,313, indicating substantial volatility over the last 24 hours. Trading volume has increased by 24.83 percent, totaling $29.2 billion, while the total market cap trades around $868.835 billion, resulting in market dominance of 41.09 percent. On the 4-hour chart, we can see the Bitcoin price action continuing to decline as the...
Bulls are losing power at the end of the week, according to the price change over the last 24 hours. Even though the rate of Bitcoin (BTC) has declined by 0.85% since yesterday, the rise over the last week has made up 4.37%. On the hourly chart, Bitcoin (BTC) is trading in the middle of the local channel between the support at $45,650 and the resistance at...
The stock may now be trading in a downtrend. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart. The lower lows indicate the bears are in control, while the intermittent lower highs indicate consolidation periods. Traders can use moving averages to help identify an uptrend with descending lower timeframe moving...
Solana (SOL) is closely approaching the resistance at $130 against increased high buying trading volume. If they can break this level and fix above it, it may be a prerequisite for sharp growth to the next important level at $140 within the next few days.
Ethereum (ETH) is looking worse than Bitcoin (BTC), as the rate of the main altcoin could not come back to the bullish zone so far. However, if the daily candle fixes above $3,300, the rise may continue to the area of $3,500 until mid-April.
Despite the decline, the price has bounced off the support level at $44,776 and is currently trading above it. Thus, the selling volume is going down, which means that bears are not powerful enough to continue the drop. If buyers can hold the rate above $45,000 until the end of the day, the rise can lead BTC back to $46,000 by the end of the week.
AMD gapped down to start the trading day on Thursday and continued to slide intraday. The stock has now come close to testing the descending trendline, which is currently near the $109 level as support. If AMD bounces up from the trendline, it will further confirm that algorithms have recognized the pattern and a larger move to the upside could come. Traders and...
The Shiba Inu price analysis has revealed a bullish market. Moreover, the market’s volatility appears to follow an opening trend, making Shiba Inu’s price more vulnerable to volatility fluctuations. As a result, the upper limit of the Bollinger’s band is present at $0.00002732, which serves as a support point for SHIB. Conversely, the lower limit of the...
Between Feb. 18 and Monday, Ford looks to have settled into a bullish inverted head-and-shoulder pattern, with the left shoulder formed between Feb. 18 and March 2, the head created between March 3 and March 22 and the right shoulder created between March 23 and Monday. On Tuesday, Ford gapped up about 2% higher, which caused the stock to break up over the...
Bitcoin price analysis is bearish today as we have seen bulls push the market above $45,000 previous high, and $46,000 next resistance until some rejection was seen just below $48,000. Therefore, BTC likely will reverse after the second retest of the $48,000 mark and look to finally retrace some of the gains. The market has continued higher over the last 24 hours....
Despite sharp growth, SOL keeps trading in a wide channel between the support at $75 and the resistance at $130. Bulls have managed to fix above the psychological $100 mark. If they can hold the initiative, there is a probability of further growth to the area of $120-$130 shortly.
Ethereum price analysis is bearish today as we have seen failure to move higher over the last 24 hours. Therefore, ETH needs to retrace even lower before more upside tests can be seen next week. The market has mostly traded with bullish momentum since yesterday. The leader, Bitcoin, gained 0.45 percent, while Ethereum 0.65 percent. The rest of the market has seen...
Dogecoin dipped more than 5% lower at one point on Friday after rallying 15.3% higher between March 22 and March 24, after breaking up from a bull flag pattern. The crypto has now developed an inside bar pattern on the daily chart. An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the...
Bitcoin price analysis is bearish today as we have seen another strong higher high as the market spiked to $44,000. Likely retracement will follow to set another higher low before the $44,500 next major resistance is tested at the end of the week. The market has turned bullish over the last 24 hours. The leader, Bitcoin, gained 4.09 percent, while Ethereum by 4.62...
Dogecoin spiked up over 7% higher at one point Wednesday as it continued its trek north in a strong uptrend pattern on the daily chart. An uptrend occurs when a stock consistently makes a series of higher highs and higher lows on the chart. The higher highs indicate the bulls are in control, while the intermittent higher lows indicate consolidation periods....