We have seen an indecision candle at resistance. Looking at the 5 min timeframe we are seeing a nice chart pattern causing the price to squeeze and showing weakness with lower highs at the resistance level.
Stop loss is set above the high to give room if we see one more push up or incorrect on the analysis.
RSI is above 70 showing we are oversold
MACD is look like...
price has broken out of the upward channel
retested previous high and rejected
RSI is showing divergence
Sell stop order below previous lows to confirm trend has reversed
RR 2.54
RSI is looking oversold with a solid divergence showing a good chance of a trend reversal
Multiple taps on the bottom and upper channel
Looking to long and TP at the 50% Fib
Keep it simple and take a loss if we break below the lower channel
Strong support at $895
We are currently overbought on the RSI - looking at previous action at this level we continue to head down.
Looking at the downward trend line it was a fake out and buyers had a good attempt of pushing up but it could not hold. This shows selling strength is strong.
Looking to sell once bearish engulfing confirmation candle closes inside the...
Analyse of the 3 Major crashes since the Tech Bubble
Looking at the date 3 months to recover from the economic implications of Covid-19 to our economy is rather quick compared to years upon years when looking at pervious market crashes to fully recover.
We are currently up 154% since the Covid-19 crash in 2020 and we are only in 2021. I personally believe we have...
Tesla is in a strong downtrend since hitting its ATH $1245
We are currently down 26% down since ATH
$900 is a very stong key level and seen a nice gap breaking out
We are getting close to $900 and plan to go long on the bounce and see a nice breakout from the strong downtrend channel
I am also see strong divergence on the RSI indicating selling power is getting...
seen a nice push back to the trend line a support level - i expect to see this continue to the up side
many tests and pushes back up - history tends to repeat itself
looking for price to have one more push from the the support level and test the trend line.
Price is on a down trend over all and looking to push back down to the accumulation zone
wait for the break to see if its a short/long
wait for the pull back and be careful of fake-outs
only get in after you get a good feel of the market direction
Potential breakout building up in Cardano
This is a bullish sign but could see a breakout to the downside depending if we see another dump of BTC
Setting alerts on the yellow trendline and horizontal breakout line and waiting for the candle to close outside either line to deterimne long or short position
USDCAD is bouncing beautifully between an uptrend channel since it bottomed out @ 1.20788
I will be taking a long position when we hit the bottom channel again.
There is strong resistance @ 1.35 and @1.37 where I will be looking to close my positions in case we reverse and head back down.
Bolinger Bands are squeezing in getting ready for a big push
Small bull flag to determine bullish signal
Targets are past 4K and will be our next support level
