EUR/USD likely formed bullish flag or cup and handle. Enter price: (when price will break out from purple and blue channel 1.23946$) Long term target until 2023: 1.39583$
Support, resistance, middle lines were checked three times. We have 20, 50, 100, 200 ema support. Maybe it is time to defeat current resistance line, break out from yellow channel, check broadening wedge upper line and go further towards ATH (2076$).
TNX most likely scenario: we will check the new trendline one more time until 2023, target: 0,000$ stop loss: the former support line: 1,500$ - 200 ema on 5 year chart: 1,700$
What correlations you can see between S&P 500, Dow 30, Nasdaq, Russell 2000, Crude Oil, Gold, EUR/USD, 10-Yr Bond, BTC-USD, Vix in the past year?
On 1 month chart price try to defeat 20 ema and RSI 50 resistance, MACD is ready for bullish breakout. On 3 month chart, price is at 20 ema point. There is no ema resistance at a longer time interval charts. Volume decreases as price retraces. It looks bullish.
How DJI travels? From resistant to support parallel lines. If the story repeats itself, current resistance line will become support.
Rising wedge becomes narrower and narrower. And the price will breakout from it one day. RSI divergence is formed. It could mean - price continuation in the rising wedge, or breakout down.
If the story repeats itself, the correction should start at this point, where the price is now, or end at 15000$ price level.
Flag upper line was checked two times. Now is time to checked the third time and maybe breakout up from flag.
You can read a good article about the Wyckoff method in the link below academy.binance.com
You can read a good article about the Wyckoff method in the link below academy.binance.com
The price is on major support resistance line. Now it is support line. It was checked three times. Very common case fakeout from support points before it will go up and resistance points before it go down. Now we see slight fakeout from 20 ema and former demand zone upper line. RSI 50 - strong point, so i think price will bounce from it and will go up to check...
Bitcoin is at a dangerous point for four things: 1) round number 50000$ resistance 2) RSI 70 (overbought zone) 3) supply zone upper line resistance 4) RSI bearish divergence We can expect pullback, but in the longer term it looks like it forms cup and handle pattern with price target 100000$
Spce bounced from 100 ema on 5 year chart. If it will drop, the nereast support zone is 0.786 fibonacci level (18.86$).
The nearest resistance Doge has is RSI 70 (overbought zone)
Maybe another opportunity for big gains after support line will be checked second time.
Chinese government regulatory, delisting threats, some of the reasons why price have fallen. Baidu made strong correction, has strong fundamentals, so maybe it is a good investment for long term. Q2 Earnings surpass estimates, but the price falls in the premarket. Baidu maybe will check RSI 30 oversold zone on 5 year chart (my analysis is published on 1 year...
The chip shortage may last as long as two years, so Nio worst scenario on bad earnings result: correction wave ABC is possible (fibonacci level 0,618, 25$). Most likely scenario: 40$ (Nio has strong 200 ema support). Nio vehicle delivery during the second quarter was more than double compared to a year ago, so Nio on good earnings result: 50$ and up. Nio has a...