I previously discussed the likelihood of the S&P 500 Index (SPX) experiencing a rebound towards the 4000-4050 range, with particular attention given to the 4020-4040 level. The index indeed reached approximately 4039 before encountering a substantial pullback. Trading on such days can be complex, and if you're not positioned correctly and overleveraged, you may...
Welcome to another edition of "Technical Analysis Works". Today we will be taking a closer look at NVDA, one of the most popular semiconductor stocks in the market. Back in January 23rd, I posted an article discussing the formation of a large inverted head and shoulders pattern on the NVDA chart. I highlighted that a breakout of resistance would likely lead to a...
Bitcoin has experienced numerous noteworthy movements since reaching its peak in November 2021. As we reflect on the roller coaster ride since that all-time high, it's essential to examine the market dynamics and patterns through a technical lens. This article will discuss the significance of Fibonacci retracement measurements and the wave master indicator's...
Ripple (XRP) has caught the attention of many traders, especially after its remarkable performance today, registering a 20%+ gain. As previously predicted, altcoins are starting to make significant moves in the market, and XRP's recent surge seems to be just the beginning. However, it's essential for traders to exercise caution when approaching these substantial...
As the market anticipates the upcoming Federal Open Market Committee (FOMC) meeting, investors are keeping a close eye on key levels and stocks that may experience significant movements. In this article, we will discuss the potential scenarios for the S&P 500 Index (SPX), Nasdaq 100 (QQQ), and several prominent stocks, as well as the importance of the FOMC meeting...
As the cryptocurrency market continues to mature, technical analysis plays a vital role in understanding the potential future trends of digital assets. Bitcoin has recently been in the spotlight due to its impressive uptrend. However, as it approaches significant resistance levels, you should consider the impact of these levels on future price movements. In the...
In the dynamic world of cryptocurrencies, we are constantly monitoring market trends and looking for cues to predict future price movements. One such trend that has caught my attention is the Bitcoin dominance trading range (as I've discussed many times previously), which has been oscillating between 40% and 48% since May 2021 (almost 2 years). As the market...
Once upon a time in the land of Crypto, there lived a quirky and peculiar trader named Fred. Fred was an eccentric fellow who had a knack for spotting patterns in the vast and wild world of cryptocurrencies. His favorite cryptocurrency was Ethereum (ETH), and he traded it against the U.S. Dollar (ETHUSD) with a passion that could only be rivaled by his love for...
Our good friend, Tommy, has been closely watching Apple Inc. (AAPL) with his hawk-like vision and a pinch of dry humor. He recently spotted an interesting technical pattern on the stock chart: an inverted head and shoulders. Tommy believes that if this pattern confirms a breakout, AAPL could rise to $168 before experiencing a more significant downward move closer...
Injective Protocol (INJSDT) has recently experienced an impressive rally that saw the price surge from a significant support level around $2.50 to a crucial resistance level at $4.65. As the market now seems to be in a range, various indicators are signaling overbought conditions, raising questions about the next possible move for INJSDT. Current Market...
Fred was a seasoned stock investor who had made his fair share of gains and losses in the market. But lately, he had been keeping a close eye on Bitcoin, convinced that the cryptocurrency was headed for higher prices. However, he was cautious about a potential move back to the $19,000 level, which was near the golden zone. Despite his reservations, Fred couldn't...
Once upon a time, there was a guy named Jack who was obsessed with trading in the stock market. He spent every waking moment analyzing charts and studying market trends. His favorite company to trade was AAPL, and he had been eyeing it for weeks, waiting for the perfect moment to buy. Jack had set a goal for himself to ride AAPL up to about $168, but...
Knock, knock! Who's there? Cardano. Cardano who? Cardano, the financial asset that's creating an inverted head and shoulders pattern. It's currently struggling to break 42 cents, but if it does, it could quickly approach 60 cents! Wow, that's impressive. But why is it called Cardano? Well, apparently the creator of the cryptocurrency was a big fan of the...
Earlier this year, you had all the "expanded flat" lovers looking at the move and seeing this as one bit expanded flat. I humored the idea and had this alternate count in place for a while. Now that we've had the rejection, there's a few things to pay attention to. Time cycles in the market refer to recurring patterns and rhythms in the behavior of financial...
Jack is back! Jack has been trading the S&P 500 for years and knows that there are always many options to choose from when it came to making a trade. He watches the market closely, paying attention to the resistance and support levels that he knew could make or break his decisions. One day, Jack noticed that there was significant resistance near the 4050-4080...
TLDR: If APE can stay above current support and get above 4.50 - it opens the door to huge upside. A time travelers story: Once upon a time in the mystical kingdom of finance, there was a magical asset called Apecoin. It was a special coin that had the power to bring prosperity to anyone who owned it. Apecoin had a difficult start in life as it was born during a...
Ever since USDC depegged, even BTC vs tether has depegged to a certain degree. Watch for a return to the norm. right now, BTC vs USD costs about $190 more than the Tether equivalent. Once upon a time, there was a little girl named Lily who lived in a small town. One day, her parents told her that they were going on a trip to another dimension, where the money was...
SUPPORT: $1.60 RESISTANCE: $3.20 Targets on chart for both scenarios. As the sun set over the sprawling city, a gentleman sat quietly in his study, watching the ticker tape on his desk. The name on the tape read "OPUSDT", a curious name for a most curious asset. The gentleman had been keeping an eye on this asset for some time now, and despite his initial...