TSLA is forming what appears to be a Cup and Handle formation, and looks primed to continue upward. Once the 248 or so level breaks, we should see a nice move up to the range around the 200 day moving average in Red, which also coincides with a gap in the price action around 257.50. -This is not financial advice. Always do your own research and own due-diligence...
AMD looks to be double topping on the weekly chart with some clear weekly bearish divergence on both the volume and on the RSI. We can see price has been rising on declining volume, and the relative strength of this latest push up is failing to break 70 on the RSI on a weekly basis. Potentially might see this one pull back to the 50 week MA around $26, or perhaps...
MSFT has been forming this ascending triangle pattern since early August, with a series of higher-low's and a relative flat line of resistance around 139.50 or so. Measured move of the break-out would put the price at around 147.50. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and...
Gold was chopping around in this broadening top formation, and ended up breaking it to the downside. We then tested the previous rising support trend line as new resistance, and were rejected. Gold is now trading underneath the previous rising support trend-line, and is hanging on by a little bit to this 1490 support zone. Ultimately I think Gold heads lower...
Turning on the inverted chart option for BTC can really put things into perspective. As we can see, this is a classic ascending triangle pattern with a flat line of resistance around 9000ish, followed by a series of higher-low's after each rejection. I have gotten rolled over the coals for being bearish on BTC in this region, but that is likely by the same people...
Taking a look at the log scale of Bitcoin on a weekly chart, we can see the current PA eerily resembles that of 2014, as shown by the arrows. in 2014, price peaked around $1150 before retracing back down to the $350-400 range followed by a brief accumulation phase. Following that, price rocketed above the 20 week moving average, but failed to maintain upside...
Gold and Silver have been on a strong rally following some concerns in the market and with a potential recession on the horizon. Silver is up about 30-35% off of the 2018 lows, and is currently approaching a historically important zone of control between 18.8-21. We can see this level acted as a major resistance level after the market crash in 2008, and twice more...
ADA/BTC is currently attempting to break out of this accumulation zone it has been in for about 2 weeks. Most alts are getting smashed due to strength of Bitcoin dominance and the overall market environment. However, ADA/BTC has reclaimed the 10/20 day moving averages, which are momentum moving averages, so in the short term we could see further upside momentum....
Taking a look at the SPY on a monthly chart can really put things into perspective. Some warning signs about a possible recession looming got me thinking about what levels to the downside would interest me should the market enter into a recession and begin to head down. Here is what I came up with: 207-215: This level was a prior resistance level back in 2015...
XBT/USD is currently forming a symmetrical triangle follow the drop from $11,500. Price tapped the .886 fib at 9500 or so and has climbed back up, but BTC now finds itself within this symmetrical triangle formation; and symmetrical triangles generally follow the previous trend, which is down in this case. BTC is also below all of my key 4 hour moving averages....
DOCK/BTC has been riding its 4 hour 50 MA for a few days now, and appears to be in an accumulation phase. Notably, DOCK has a similar PA structure to that of EVX/BTC and AGI/BTC, both of which ran really hard. This is more of a speculative play then a trade based on TA. Higher risk. I will show AGI and EVX structures down below. MA Guide (All 4-hour for this...
NFLX fell off a cliff following some bad FA news. The sentiment around the stock is pretty bearish given this, and there has been tons of bearish articles that have come out, but I think this could be a fantastic buying opportunity as it is close to its 100 weekly moving average, which held the price on the previous drop back in October-November of 2018. High risk...
THETA/BTC is currently forming an ascending triangle on the 4-hour. Following THETA's big move up on July 16th, it has now entered a bullish ascending triangle continuation pattern. THETA could have another 10-15% jump up based on the measured move of the ascending triangle. We also have a golden cross on the 4-hour MA's (50 MA crossing the 200 MA.) Price is...
SYS/BTC is currently consolidating on top of old resistance around 300-310, and is currently testing this descending resistance line that has held the price down since July 17th. As price enters the apex of this pennant/wedge formation, we could see SYS break to the upside for a potential 7-12% move, if not higher up toward that 4-hour 200 MA in Red. We also have...
LTC/BTC is currently forming an ascending triangle bullish continuation pattern follow LTC/BTC's big move up on July 17th. Price is currently consolidated underneath a previous support zone that supported the price back in June, and it could look to rally higher here if we can get some momentum to the upside to break that flat line of resistance near 9570. Higher...
TSLA is back within the territory of a previously strong support zone around $180, as shown by the white box. We saw this zone hold several times back in 2014-2016, and it has proven (at least historically) to be a zone in which buyers will step in. Following all of the bearish price action and overly bearish sentiment in my opinion, we could see a potential...
Keeping it simple: NXS has reclaimed some of its key 4-hour moving averages, and is within a bullish ascending triangle. Price needs a more convincing break above 475-490 for better confirmation, but should we get a break out to the upside, my target would be 530-540. SL below the 50 MA on the 4-hour. Moving average guide (all 4-hour for this post): 20 MA in...
I'll keep it simple: IOTX has broken above some the 20/50 4-hour MA's and is within a bullish ascending triangle. Setup looks good; but will need a break above 142-144 for better confirmation. I am looking at a target around 165-170. SL below the 4-hour moving averages and below the rising line of support. Moving average guide (all 4-hour for this post): 20 MA in...