SpencerIrons

SpencerIrons

Simple analysis-- NASDAQ:TSLA is fighting the 50 day MA currently, however it appears it may have broken from a descending parallel channel on the lesser timeframes. I believe this, concurrent with the bounce off of the larger parallel channel support line, signals a bullish trend up until our major resistance around the ~$360 area.

SpencerIrons

Very simple update, chart is self explanatory. Nice bounce off of support structure.

SpencerIrons Updated 

Price is in a deciding range over the next couple of days, we've seen a pullback after testing the Pivot Line and now we're likely to test our support structure around $2.00, if this holds we will see a retest of both our Pivot and Resistance lines. Good luck!

SpencerIrons

Good Afternoon traders, We've seen bullish momentum formulate in the last day and it's lead us into a strong ascending wedge pattern on the hourly chart for ADAUSD At the time of publishing, we're currently fighting a resistance zone at $2.75, I believe ADAUSD will break through this for a plethora of reasons: We've regained the 200MA , and if continued...

SpencerIrons

Good Afternoon, This is a short idea, I've essentially identified a symmetrical triangle forming on the 1Hr post-drop, I do believe we are bullish, as RSI is showing oversold, and we found solid support along our $2 Support Structure, I see $3 even as our most important resistance and I expect Crypto as a whole is going to be very violent this week, giving us...

SpencerIrons

Update!: TSLA has broken up from a strong resistance line, I'm awaiting confirmation before opening a long position, my TP would be ~$750 as that begins our major resistance TSLA has been consolidating since our explosive run early this year, I believe a breakout to the upside is imminent for the following reasons: We're riding a support line that has held...

SpencerIrons

Good morning traders, today I have a chart and technical analysis of our favorite ETF, $MTUM! I would like to preface this by stating all green lines represent supports as well as al red lines represent resistances MTUM has had quite the significant first half of 2021, and I believe due to the following that we are in for more. Recently, at the beginning...

SpencerIrons

TSLA has been consolidating since our explosive run early this year, I believe a breakout to the upside is imminent for the following reasons: We're riding a support line that has held up since the March '20 COVID-19 crash Bulls have gained control over the 50 MA, which is providing reinforcing support to the major support mentioned prior We had a major...

SpencerIrons Updated 

Greetings traders, I wish you all well, and a happy Valentines Day as you join me for this technical analysis! Overall I'm still bullish as ever for Ether, and this prediction is good for the next couple days as Ether navigates its channel, however... I see two high probability scenarios for Ether's movements: Bullish: - We're currently trading within an...

SpencerIrons

Hello again traders! For this analysis we're viewing the 4H chart: This is a very straightforward analysis. I believe ETH has established itself within a beautiful ascending channel as it races towards $2000. We saw a large sell off yesterday and we established our lower support levels at the bottom of the channel, given Ether's recent hype and major events on...

SpencerIrons

BITSTAMP:ETHUSD After tonight's exhilarating events, and a new ATH reached for ETH/USD, It's finally hit a formidable resistance. We're entering our 5th and final wave for our brewing Elliot Wave, while ETH is cooling off and establishing a support zone around our 1420 range. We were met with a heavy resistance at 1470, and are currently in a short descending...

SpencerIrons

BITSTAMP:ETHUSD Last night we successfully pierced our 786 fib, and then followed BTCUSD's correction down to a healthy level before our 1320 support held and catapulted us back upwards, headed for a re-test soon. We're likely to see ETH split from its big brother BTC more and more over the coming days, as BTC is losing market dominance before our eyes. This...