Bitcoin is facing a serious issue; sell your Bitcoin before a major crash occurs. Bitcoin has broken a bearish pattern known as a rising wedge, indicating a potential substantial price drop. On the weekly chart, this pattern break is even more pronounced, suggesting several negative weeks for Bitcoin ahead. Both RSI and MACD are in oversold territory, indicating...
ADA has recently bounced healthily after the FTX collapse and is now consolidating below a powerful resistance level. This resistance has been significant since it began to form in April 2018 and has acted as both a support and resistance level throughout 2021 and during a descending triangle from May to October 2022. Despite multiple attempts to break through...
The price chart for DOT is currently exhibiting a descending triangle pattern, forming at the conclusion of a downtrend. This pattern is commonly interpreted as a bearish continuation signal. Should DOT breach the support line, which also coincides with the horizontal lower trend line, it could create a scenario where the price falls below $1. At present, the...
XLF's trajectory is akin to that of IWM, with the primary distinction being the emergence of a 'death hook' pattern on a notably larger chart. This amplification in scale should, in theory, enhance the pattern's precision. Compounding the challenges for this sector, the price has dropped below both the 50-day and 200-day moving averages (MAs) with apparent ease....
"The Russell 2000 index (IWM) is currently displaying a weak and bearish pattern. After a significant downward move, IWM formed a substantial symmetrical triangle, which is typically considered a bearish pattern, often referred to as a bearish pennant. Around mid-July, the index broke out to the upside from this symmetrical triangle, marked with a circle. At...
On the weekly chart, the DXY (U.S. Dollar Index) appears to be breaking out of a potentially strong bullish pattern known as a falling wedge. This week is crucial for DXY's performance for the rest of the year. If it closes the weak above the upper trend line of the falling wedge, it may indicate a significant breakout and potentially lead to a powerful and...
NVDA, after experiencing a significant increase and potential false hype (the company's CEO has already stated that it will be challenging to reach $11 billion in the second quarter), appears to be forming a Head and Shoulders (H&S) bearish reversal pattern. The decrease in volume can be considered a positive sign for bulls as it indicates...
AMD is currently facing a real problem as it is forming a rising wedge, which is a bearish pattern. If the price breaks below the blue dotted line, it would trigger a short position with the initial target at the blue line, which represents the 50-day moving average (MA). Yesterday, there was a significant bearish reversal candlestick pattern known as an...
META has been experiencing significant upward momentum over the past six months. However, it's important to note that this move is not supported by the financial report and may be driven by factors such as stock buybacks and the AI market hype. The stock is currently in a large upward channel and has formed a rising wedge pattern within it. If the price breaks...
IFF is showing signs of a potential continuation in its downward movement. After a significant drop, the stock has entered a consolidation phase and is forming a bearish continuation pattern known as a bear pennant or symmetrical triangle. If the price breaks below the blue dotted line, it would trigger a short position, signaling a potential further decline....
EXR has been experiencing a downtrend over the past three months, but it is now forming a strong bullish reversal pattern known as a falling wedge. If the price breaks above the blue dotted line, it would trigger a long position. The relative strength index (RSI) is showing bullish or positive divergences, indicating that the price may move up. Additionally, the...
CCI has experienced a significant drop but has managed to recover slightly. However, the recovery is not strong, and it appears to be forming a bear pullback/bear flag pattern. This pattern suggests that the upward movement is likely to be a temporary correction within the larger bearish trend. A potential short position can be activated if the price breaks below...
The DJIA (Dow Jones Industrial Average) is in a huge symmetrical triangle and is poised for a massive move either up or down. There is no more space within the triangle to remain undecided about the direction of the move. Both the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are near the centerline, confirming that we are ready...
BABA is in a falling wedge, a bullish reversal pattern if and when breaks out of it. At the moment there is a lot of strong resistance but if BABA somehow manages to go through them it would be extremely bullish for stock for several weeks. Around 88$ there are 50 and 200 days MA which will act as resistance. There is also a smaller and bigger trend line from...
AMZN is ready for a major drop. Friday it formed a bearish reversal candle shooting star. The last two trading day was on a lower volume than 20 days average volume which is bearish. RSI has huge negative bearish divergences and is pointing to a drop. MACD also formed bearish divergences. Everything is pointing there is no more energy for the continuation of...
AAPL is in a huge rising wedge. If this bearish pattern is broken, the downside targets for APPL are T1 160 which is 50 days MA, and T2 150 where BigRed aka 200 days SMA. On this level there could be only short-lived bounces. There are substantial bearish divergences on both RSI and MACD signaling end of rise is near or here. Also, AAPL stopped on the...
DXY breaks out of the falling wedge and finished weak very strong. The bottom is in! Friday finished above all areas of resistance and over 50 days MA. Positive aka bullish divergences started to play out and move the dollar up. Also, DXY breaks our of the bullish reversal pattern Inverted Head and shoulder or better say passed it neck line. First target in...
Gold is about to crash hard. It is forming a bearish reversal rising wedge pattern and for today (Friday 12 May) it's breaking down from it. Very bad sign for the Bulls. Also, it formed a shooting star reversal pattern at the top of the leg, which is a bearish signal. In the end, RSI is confirming weakness in the price with huge bearish divergences. Conclusion...