After bouncing off the 14000 resistance point, BTC is tending downwards. The question is how far it will go and whether it will get back up to 14000 before the end of the month?
I can see 3 possibilities:
A- BTC bounces off a support and retests 14k, it if can close off the month above 14k, I would be VERY bullish (80% bullish)
B- BTC remains in the upward...
After breaking through he last support structure shown in my last analysis, JWN has also confirmed a heads and shoulders, we expect JWN to continue falling into the next fib retracement level, if it breaks that, there are a few more support level with the strongest at around $13 where the recent low was before it started making the run up past $20.
Head and...
BA is a wild card at this time. It has dropped significantly back to its 'average range of low to mid 100s.
Technical wise, it's under the 100 EMA and will need to break through it to see any significant growth. An attempt was tried (inverted green hammer) but failed, we may see another few attempts before the bears take over. it is also under downward curve...
After two gaps as a result of the partnership with Kim Kardashian, this equity looks to be in bubble territory.
Stoch shows overbought.
Possible rush of Robinhood investors hearing their favorite app mentioned.
Could it continue to go up?
Yes. More influeners joining can bring it up higher.
But there are more reasons on the technical end for it to go down.
JWN is currently at the bottom of the channel it has been in this quarter. If the greater market continues its trend, JWN is expected to bounce off the bottom of the channel.
If it breaks below it, we may expect to see a sell off.
With a recent red day yesterday, it's hard to know where it is going for the next two weeks.
After reaching all time highs, TSLA may be testing the 40 EMA as it has successfully BOUNCED off in the recent run up.
If the Q2 environment continues, the 40EMA will provide a bounce.
If the overall market has shifted, there's a fair chance it will fall through the 40 EMA and it may test the 100EMA.
Overall: Watch the 40 EMA
Despite yesterday's attempt to drop under $280, SPY managed to close slightly above. Bullish forces are pushing it up higher but there are significant ceilings formed by the head and shoulders and a larger wedge. Fair chance that SPY will be retesting those two resistances.
