Apple price continues to go up.
Date, when information about earnings will be announced is getting closer (29th October), and earnings results are expected to be better than earlier (which were announced on 30th July).
So good expectations "gives energy" to move up.
Also from technical analysis side - even if price would go down, there are 4 support levels (S1,...
Update on the previous idea - as we can see, situation has not changed a lot. Price did not manage to break resistance, but also - it did not go down from it.
So options are the same:
If price will break the level and go up - then you can enter long position (stop loss should be below 9390 level, target - around previous high at 10500).
If the price will not...
BTC/EUR - has reached resistance zone (9390 price). As we can see this level was broken on 28th July.
And price managed to reach 10500 price. After it went back below 9390 zone, it did not manage to break it again until now.
Best scenario at the moment would be to wait and look what will happen:
If price will break the level and go up - then you can enter long...
This week Apple price was moving around support level (S1 blue line in the picture).
It did not manage to break it, but also - we did not see strong move up, which could confirm that uptrend continues.
Even if the price would break S1 support line, there would be two more supports (S2 and S3 lines in the picture).
What is more - price has tested trendline too...
Amazon bounced back from key support level (marked in picture). And there is good chance for it to make new higher high.
If you are going long - your stop loss should be below 2900 zone (blue line).
Good chance to get a long position on Facebok. From May until end of July price did not manage to break
resistance level at 246. After breaking it - price went to 300 level quite fast. Now it bounced back to 246 level (which is support now) and there is a big chance, that it will go to 300 level again.
If you would like to go long - do not forget to place your...
We can see than Netflix has reached support zone (465- 470) - and ar going up from there to resistance and upper range zone.
Good chance to get long position. Stop loss should be below support, take profit - around resistance zone.
As we can see EURUSD is testing range support. Today we should see if price will break it and go down, or if it bounce back and will go up to resistance.
Posiible scenarios you can see in picture.
After breaking resistance (blue line) we saw Tesla price rally to all time high.
After split - it got back to previous resistance (which now is support), and most likely now is going to make new all time high.
So there is still time to get into long trade. but stop loss should be below 400 price at least.
We can see interesting situation in GBPUSD Daily chart. On 10th June, 1.27690 zone was not broken, and it became resistance.
Price manage to break it only on 24th July. On 2nd September price reached 1.34832 peak. We can see that before reaching this,
price had to "take a rest" at 1.30300 level. Which then was support, and resistance.
So after reaching previous...
As we can see in daily Apple chart, price is in its lowest point of September. Also this zone (110 price) is a support zone. If price will break it and go down- then we can expect a bigger correction at least to 99 price level.
So to go long - you should wait for price to bounce back from 110 level.
To go short - you shold wait for price to break 110 level.
in BTCUSD we can see, how previous resistance level became support.
When on 7th May price reached 9920 - 10050 zone, it did not manage to break it until 27th July. On this day, with huge volume, price went up, and on 17th August it reached 12442 price. It was record high price in 2020 year, so after reaching it, price came back to 9920 level. We can see that this...
As we can see, EURUSD pair from 30th July is in range. (1.16926 - 1.2013)
At the moment there are several options:
1) be neutral and wait, until price will break support or resistance. Then - go long or short accordingly.
2) trade in range (buy when price gets into support zone 1.16926 - 1.17265, sell when it gets into resistance zone 1.19636 - 1.2013)
