Expect a push towards 0.236 fib followed by a retest of the neckline towards ~$129.00 then a further test of 0.236. Long-term target of ~$142.00.
*Not financial advice, just an idea* Symmetrical triangle formation could be either bullish or bearish. However, likely in this scenario to be an indicator of a change in sentiment. Death cross occurring on 1d timeframe, potential signal for further downturn and an overall change in market sentiment.
Ascending triangle Breakout by mid-June likely Safe entry on a retest of the neckline RSI showing negative growth on daily timeframes MACD at the narrowest point, potential change in direction Volume low. However, an increase in the most recent 1d timeframe, a test of patience.
*Not financial advice just an idea* $AAPL being held up by 200MA, MACD starting to narrow indicating a move is nearby. Double bottom trend, signal for a bearish reversal.
*Not financial advice just an idea* $BTC now sits within a consolidation channel. Movement above or below resistance/support with a daily timeframe close will act as a signal for the next trend.
Double top followed by either a breakout and retest of the descending wedge into ~$129.00 territory.
$BTC now sits at a key pivot point, a continuation of the bullish trend or a breakdown should be confirmed soon.
Apple produced outstanding financial results for Q1. 21. With double-figure increases across all of its product lines. The current consolidation zone sets the stock up for a significant rally towards all-time highs, before dividend payout (10/05/21). A daily close above ~$137 resistance would act as confirmation for this bias.
$AAPL now sits within a consolidation channel, primed for financial news. $AAPL fundamentals are strong and services are expected to outperform expectations. However, weak results could signal a potential sell-off and end this run in its tracks. $127.82 has historically acted as weak support/resistance. However, a change into strong support could help the...
*Just an idea, not financial advice* NIO now primed for earnings report, A short burst and local high to $42.06 is possible. 0.236 fib level as resistance flipped support. RSI now within over-bought territory signaling a potential sell-off in the near term.
$NIO is starting to question resistance, a close above the descending wedge could signal a potential buy.
*Just an idea, not financial advice* We're now exiting an area of continual volatility. The potential for a small-lived big swing downwards is still possible, wait for confirmation during next week. Cost averaging over this period would reduce the risk.
*Not financial advice, just an idea* $AAPL is closely linked to the NASDAQ, due to its strong principles and market cap. This means it will likely follow the overall trend going forward. I made the prediction that by the 25th - 1st April a complete reversal will have taken place. This chart indicates a potential path, with a real test within the highlighted...
*Just an idea, not financial advice* The basis for this prediction is formed from the previous 5 pullbacks >~-6.0%. Average pullback over 5: -17.262% High: -32.98% Low: -8.53% Mid point: -20.755% Average over 3 (Pre-covid): -10.3% Based on similar pullbacks, I make the prediction that a complete reversal will take place over the span of ~25 - ~30 days...
Failure to hold - S1 and S2 could signal a significant downturn for $BTC, coupled with the historical returns for bitcoin in March being negative. Could signify the ATH ~$58,000 as the top.
*Just an idea not financial advice* Volume is now starting to plateau, indicating more downside is not expected and consolidation is complete. Confidence will soon be regained and Apple will more than likely push ~$143.00.