MarketSphere

MarketSphere Updated 

As I predicted before, I had a 100% success rate. Let's consider a long position based on the current technical indicators. Trend Line: We have a yellow trend line where the price bounced in 2016 and 2022. We are now approaching this trend line again. Bat Pattern: The bat pattern indicates that point C, which is the 0.886 Fibonacci retracement, aligns exactly...

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Bitcoin's journey seems to be drawing a parallel with its 2021 course. Initially, aspirations were set high with a target of reaching 83K, yet current trends suggest we might have already reached our zenith. The horizon forecasts a descent toward the Fair Value Gap (FVG), pinpointed at approximately $50k. This represents a noteworthy 30% dip from recent highs,...

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Strong Support: ASXC presents a strong buying opportunity. Market Structure: The daily chart exhibits an inverse head and shoulders pattern. Key Support Level: There is robust support at $0.27. If we close below this level, there's a significant risk of a sharp decline toward $0.18. Major Resistance: A critical resistance line exists at $0.37. This level has...

MarketSphere Updated 

Monthly Chart Analysis: Since July 2020, NIO has successfully closed the Fair Value Gap (FVG) and reclaimed its position above the resistance line of a falling wedge. This breakout is crucial, indicating a potential reversal of the previous downtrend. Moreover, the monthly Relative Strength Index (RSI) falling wedge has been convincingly breached, accompanied by...

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Key Points: Trendline Break: We’re poised to shatter the current trendline, potentially pushing prices to $10.2 much sooner than anticipated. Technical Convergence: The falling wedge trendline and the 50 MA on the 12-hour chart meet at a pivotal price point. Critical Resistance: Watch for a decisive close above $6. This could trigger a swift ascent towards...

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Market Psychology: We are currently in the "despair" phase, which is historically the best time to buy and accumulate. This area represents an optimal entry point for long-term investors. Elliott Wave Analysis: The price appears to have completed the fifth wave of the Elliott Wave pattern, indicating a potential bottom. Technical Patterns: We are observing a...

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Exact Sciences is exhibiting bullish tendencies at present, but it's critical to anticipate a substantial correction upon touching, or descending below, the 0.618 Fibonacci retracement level. The stock is likely to retreat to around $70, a significant support level we've observed. The patterns in play – the AB=CD pattern and a yet unconfirmed bearish bat pattern –...

MarketSphere Updated 

Based on my previous technical analysis where Exact Sciences exhibited bullish tendencies but warned of a possible substantial correction around the $70 level, we now find ourselves at a critical junction. Two possible scenarios could unfold from here: a bearish three drives pattern leading to a bounce back to around $123 or a continuation of the downtrend...

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Fartfetch (FTCHF) has experienced a notable shift, especially following its acquisition by Coupang for $500 million, effectively saving it from bankruptcy. Notably, the recent price movement has filled a significant gap dating back to the 2000s. What's intriguing is the lack of attention on this stock, suggesting that significant players, or "whales," may be...

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Current Zone: We are in the 'zone of despair,' where weak investors feel fortunate to have sold. This emotional response typically indicates a significant turning point. Previous Activity: We successfully closed the Fair Value Gap (FVG) from July 2020, marking an optimal entry point. I anticipate the price will surge from here. Future Outlook: I predict...

MarketSphere Updated 

Strong Support: PLUG presents a buying opportunity. We've identified a strong support zone, ranging from $2.85 to $3, where the price has consistently been rejected, indicating robust support in this range. Additionally, there's a trending line that has proven to be a significant support point, often leading to a price surge when it's reached. Also, the RSI on...

MarketSphere Updated 

In 2020, PLUG Power showcased a notable pattern formation—a symmetrical triangle accompanied by a diamond bullish shape. This setup culminated in a remarkable price surge post-breakout. Fast forward to now, and we're witnessing a similar scenario unfold Key Observations : RSI Dynamics : The RSI is currently sculpting a falling wedge, indicating a potential...

MarketSphere Updated 

Hello, traders and investors. Before I dive into the analysis, please note that I am not a financial advisor, and this is not financial advice. We're observing the Elliott Wave Theory in action here, where it appears PLUG has completed the Elliott five-wave pattern. The price action suggests we're currently facing resistance at a significant Order Block. Zooming...

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The company we're looking at seems to be doing well, but let's not get too excited just yet. Here’s a simpler look at what’s happening: What the Charts Say : The RSI, which is a fancy way of saying how fast the stock price is moving, is at 83. This is usually a sign that the stock price might go down soon. In the past, when this number got really high, the stock...

MarketSphere Updated 

Hello, traders and investors. Before I dive into the analysis, please note that I am not a financial advisor, and this is not financial advice. FuelCell Energy is showing several bullish indicators across different time frames, suggesting a potential for a significant upward move. Here's a refined analysis: On the 4-hour (4H) chart, there's a noticeable shift in...

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Strong Support: FIL is seen as a buying opportunity. Market Structure: On the 4-hour chart we have twice a break of structure(BOS) which is a bullish reversal, we have HH $6.19 LL $4.4 Golden Cross: This bullish signal is also observed, further supporting the optimistic view. Trading Strategy: Stop Loss: Set at Fib retracement 0.5($4.93) - 0.667($4.18) Profit...

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Current Chart Analysis: Strong Support: Silver has a strong support line at $23.6, seen as a buying opportunity. Chart Patterns: The presence of a symmetric triangle pattern and falling wedge on the daily chart, along with another falling wedge on the weekly chart. Golden Cross: This bullish signal is also observed, further supporting the optimistic...

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Current Situation: Bitcoin has reached a major resistance zone at $42,000 with an RSI of 81, indicating an overbought condition. Profit-Taking Scenario: People who bought Bitcoin around 24k avg or 40k avg (making around 100% profit or taking the change out) might start selling, leading to a potential price drop. Possible Price Movements: If a red candle...