COIN has retraced back to support around the $300 level after a massive rally.
We can see daily bullish divergences on the MACD histogram and composite index.
Keep an eye out for a move up.
IV Rank is 33... selling options is ideal in these conditions
Watching for a break above all time highs for a bullish move.
Using Fibonacci extensions to gather future price targets.
The 1.13 fib will act as the level where we should watch for a retest of the breakpoint.
The 1.618 will act as a longer term target.
If needed, use the 1.27 to get a shorter term target.
BTC recently broke below the 58,000 support level and therefore the odds are currently in favor of a continued correction to lower levels.
It is critical to wait for the daily candle close before initiating any positions. If the price can recover and form a hammer candle into close, then the odds turn in favor of a reversal.
Paypal is currently forming a falling wedge on the daily. Ideally, we would like to see a bounce here and a continuation to higher levels. If Paypal continues dropping and breakdowns below this area, watch out below.
ROOT breaking supply trendline within a longer term channel.
An event like this could call for a retest of the channel heartline (red dashed line).
The longer it takes, the lower the price target will be. An eventual breakout of the heartline can call for a test of the supply trendline of the channel.
AMEX:COPX is setting up at support with a triple bottom pattern.
We can look for a move up to the resistance level @ $38 per share.
Check out NYSE:FCX , NYSE:SCCO , NYSE:VEDL for trading opportunities.
NYSE:FSLY is currently sitting on support with a major trendline resistance which is dictating the medium-term downtrend.
If the $35 level is broken to the downside then the stock can see a big decline in price.
On the other hand, if the trendline can be broken then a potential uptrend may be on its way.