XForceGlobal

XForceGlobal Wizard

Suggested Entry: $9,500 Target 1: $9,800 Target 2: $10,100 Target 3: $10,400 Stop Loss: $9,140 Bitcoin has broken out from the apex of a consolidating bullish pennant pattern. While we have seen a breakout, there is strong resistance at 9.5k, as the trend's momentum weakens. However, a break and close above current resistance levels could validate further...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we take a purely technical approach to the Euro's daily chart. Analysis - We can first spot that a bullish adam and eve pattern has played out - After testing its previous high, the Euro is consolidating within a descending parallel channel - The Relative Strength Index (RSI) is currently trading at neutral...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we take a look at Spirit Airlines, a company leading the ultra low-cost carrier business in the US. We explore the company's fundamentals, as well as its technicals to assess its bullish probabilities. Fundamental Analysis - Spirit Airlines (SAVE) has shown an extremely steady growth over the past years. - Their...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we explore the similarities in Bitcoin and Silver's daily chart, assessing the bullish and bearish probabilities. Analysis - We are currently trading within an ascending parallel channel, creating higher lows and higher highs - Prices are trading above the Ichimoku Cloud, indicating that the trend is bullish -...

XForceGlobal Wizard

X Force Global Analysis: Roku is an American company offering a line of digital media players that offer access to streaming media content. In this analysis, we take a look at the technicals and fundamentals of this stock, assessing potentiality for a bullish rally. Fundamental Analysis - Roku stock has declined by almost 40% from its highs due to the...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we explore another bullish case for Bitcoin through the ascending parallel channel pattern. Analysis - Bitcoin has been ranging in a choppy range for the past few weeks, while showing strong volatility near significant support and resistance levels - However, prices have been creating higher lows and higher highs,...

XForceGlobal Wizard

X Force Global Analysis: Bitcoin has corrected down from 9.7k levels, only to test 9k and bounce right back up. In this analysis, we explore the bullish technicals demonstrated on Bitcoin's daily chart. Analysis - In the previous bullish divergence we have spotted (marked in green), we saw the formation of higher lows on the price, and lower lows on the...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we explore a bullish case for Bitcoin based on Elliott Wave analysis. Bullish Evidence - We have counted an textbook Elliott Impulse Wave (12345) during the bullish rally up - In lieu of an Elliott Corrective Wave (ABC), we have counted an Elliott Triangle Wave (ABCDE) - Bitcoin has been consolidating in an...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we look at XRP's BTC pair chart on the daily to assess a potential bullish breakout scenario. Analysis - The first thing we note is the descending bullish wedge we are trading in - XRP is consolidating within a descending wedge pattern, looking for a potential breakout - Moreover, a bullish divergence has also...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we take a look at Ethereum (ETH), and explore the potential bounce that is in play for the short term. Analysis - Ethereum has been on a mega steady bullish rally for weeks. - It has gone through a phase of breakouts, consolidations, and further breakouts - The rally has been consistent, with an ascending trend...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we look at Bitcoin's past price movement, approaching the market from the perspective of analyzing fractals. Analysis - The fractal starts with an uptrend, consolidating before a further leg up - After creating a local high, prices form a 'U' shaped pullback - Prices then break out to create new highs, before...

XForceGlobal Wizard

X Force Global Analysis: Bitcoin has been giving mixed signals of bullishness and bearishness for the past few days, showing strength on the side of both bulls and bears. We have previously mentioned that a break and close above 10.5k would confirm a bullish trend, while a break and close below 8.8k would confirm a bearish trend. However, prices have not...

XForceGlobal Wizard

X Force Global Analysis: 3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities. Analysis - What's most noticeable in 3M's weekly chart is the descending parallel...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we explore a potentially bullish alternative case, in which the bearish divergence pattern - the central argument for a bearish scenario - is negated. Analysis - We are currently looking at an extended bearish divergence on the daily - Prices are creating higher highs, while indicators create lower highs -...

XForceGlobal Wizard

X Force Global Analysis: Bitcoin has been trading sideways for a while, confusing both bulls and bears in the market. However, we have spotted technical evidence as to why this current sideways movement should be interpreted as a distribution phase before a drop. Bearish Evidence - The first thing we note is the clear bearish divergence on the daily...

XForceGlobal Wizard

X Force Global Analysis: Snapchat had its IPO at $17, and started trading at $24 a share. In this analysis, we take a technical approach to SNAP, and explore its bullish probabilities. Analysis - The first thing we notice is a massive reverse head and shoulders pattern on the weekly chart - It could be said that we are currently in the middle of forming...

XForceGlobal Wizard

X Force Global Analysis: In this analysis, we explore the long term bullish, yet short term bearish case of Bitcoin's weekly chart. Analysis - When in doubt, zoom out. On the weekly, we see a potential reverse head and shoulders continuation pattern, with the left shoulder and head potentially having already completed - Unlike what most people think,...

XForceGlobal Wizard

X Force Global Analysis: Gold has been on an extreme bullish rally for the past few years, demonstrating a parabolic trend on the weekly chart. In this analysis, we explore the weekly and monthly charts to determine the mid-long term projections for Gold. Weekly Chart - The first thing we can notice on the weekly chart is the extended parabolic trend -...