GarethSolowayOfficial

GarethSolowayOfficial

Here we are looking at EWZ on the Weekly TF! As you can see, EWZ is currently at its MACRO downwards sloping resistance line, which dates all the way back to 2008 when the Brazilian Market put in its all time highs. Since then, price has worked its way down, with many break out attempts of this line. Ultimately, each of the breakout attempts thus far have...

GarethSolowayOfficial

Here we are looking at NVDA on the Daily TF… As we know NVDA has been in a major bull run over the last several months. When trying to figure out where it may run out of steam, I began looking at its 2021 bull run to see if there were any similarities. Upon doing so, I analyzed a very interesting similarity between 2021’s bull run to the current. In 2021,...

GarethSolowayOfficial

Here we are looking at XRP on the DAILY TF… As you can see, XRP has FINALLY broken out of resistance (blue channel) that has been resistance Ince May of 2022. After breaking its local symmetrical triangle, XRP slammed through its macro resistance. Now that it has broken out, we will continue to monitor it to re-test previous resistance as support, and maintain...

GarethSolowayOfficial

Here we are looking at BTCUSD on the Daily TF on the Logarithmic Scale… In this idea, we are comparing the bear market bottoming structure from the previous bear market to the current. As you can see, the bottoming structure of the previous bear market was a double bottom. After putting in its initial low in 2019, Bitcoin went on an extended relief rally that...

GarethSolowayOfficial

Here we are looking TSLA on the Daily TF… In today’s analysis we are going to be comparing TESLA’s two most recent legs up in its current move, to look at the similarities and figure out where this current leg up may run out of steam. In TSLAs first move up, it moved up $115 which was approximately 112% up from its lows. From there, it received a pullback...

GarethSolowayOfficial

Here we are looking at BTCUSD on the Daily TF… As you can see, we are evaluating Bitcoins local structure, in hopes of figuring out what it may do next. Let’s begin by looking at the top horizontal (yellow) line. This marks BTC’s MACRO resistance, which previously acted a macro support before it breakdown into the bear market. Currently, BTC is trading in a...

GarethSolowayOfficial

Here we are looking at KBH on the Weekly TF… As you can see, KBH currently testing a MACRO downwards sloping resistance line dating back to the early 2000’s. When assessing where it is, it’s important to note two interrelated factors. The first factor we need to consider is that KBH is currently breaking out from the downwards sloping resistance line. The weekly...

GarethSolowayOfficial

Here we are looking at GOLD on the Weekly TF… As you can see, GOLD just got rejected for the third time from the $2,080 level. When completely zoomed out, you can see that GOLD is trading in a massive bull flag, or in the handle of an even bigger cup and handle pattern. If GOLD can consolidate and build up the power to break through this strong resistance, it...

GarethSolowayOfficial

Here we are looking at ETHUSD on the Daily TF… As you can see, we are looking at a massive channel on Ethereum. Within this channel, there are sub channels that price has traded between for extended periods of time. Currently, ETH has broken into the bottom channel, and is testing that previous support as resistance. We expect Ethereum to head to the bottom line...

GarethSolowayOfficial

Here we are looking at FSLR on the Daily TF… As you can see, FSLR is currently trading within the expanding channel to the upside. Currently, it’s in the middle of a powerful move of support to the upside. IF FSLR wants to continue its move to the upside, I would expect for it to find resistance at the upwards sloping line, which currently lays at about $248....

GarethSolowayOfficial

Here we are looking at MCD on the Daily TF… As you can see, MCD has run into its macro resistance, at a current price of 298.47. This is the third time MCD has tested this upwards sloping resistance line. Each of the previous two tests led to a sharp sell-off. Not only is MCD reaching this upwards sloping resistance, but it is also very over extended. For this...

GarethSolowayOfficial

Here we are looking at ETHUSD on the Daily TF… As marked by the yellow arrows, ETH appears to be forming a local bull flag following its most recent move up. Thus far, ETHUSD has been able to flip the EMA Ribbon to support. This idea will continue to be in play as long as it can remain above the ribbon. ETH has now been going sideways in this tight range for 2...

GarethSolowayOfficial

Here we are looking at TSLA on the Daily TF… As you can see, TSLA has been trading within a symmetrical triangle since November of 2022. After being rejected from resistance in late February, TSLA made its way back to support, and so far has bounced towards resistance again. As you can see, price action has began tightening as it makes its way into the apex of...

GarethSolowayOfficial

Here we are looking at BTCUSD on the Daily TF… Currently, BTC is re-testing previous bull market support as resistance for the first time since breaking down back in June of 2022… This is the most crucial moment of the bear market thus far, as this re-test will determine whether BTC is simply re-testing the scene of the crime after breaking down almost a year...

GarethSolowayOfficial

Here we are looking at XRP on the Daily TF… Currently, we have broken out of the local downwards sloping channel that we have been trading within the last month or so… This comes after ANOTHER bounce off of the macro support line (yellow) that dates back all the way to March of 2020. Currently, XRP finds itself in a strong local resistance cluster. In order...

GarethSolowayOfficial

Here we are looking at USOIL on the Weekly TF… Currently USOIL finds itself at crucial support, so let’s begin by analyzing where its currently at, and why this zone is relevant. As you can see the horizontal yellow line represents current support. This line began as strong resistance back in April of 2019, and flipped to macro support in May of 2021, and has...

GarethSolowayOfficial

Here we are looking at NVDA on the Daily TF… As we try to figure out what NVDA will do next, one thing is very clear when looking at its chart: NVDA is currently trading in a very strong resistance zone. Currently, NVDA is testing two resistance lines: 1. The Upwards sloping trend line which dates back to July of 2021 2. Horizontal resistance which is a gap...

GarethSolowayOfficial

Here we are looking at BTCUSD on the 6hr TF… With the higher highs and lower lows that BTC has been putting in, I was able to find this potential reversal diamond pattern in the chart. If this structure is valid, there is still plenty of room left for chop in the coming weeks before a stronger move. For those of you who don’t know, reversal diamonds have a...