Finally, I've started scaling in on corn again. It's planned to be a thing of several weeks/months. Then let it go. By the time we're reaching the "scale out" point marked on the chart, the prices should be relatively higher than now. How high? I don't know. But it could be really high.
You can see an inverse H&S chart pattern is forming in DFI/USDT. We have broken the EMA 17 and SMA 30 already to the upside - the SMA 50 could offer a bit more resistance at currently 1.30 USD.
For me it seems like the crypto market could reverse (see also the BTC/USD chart) - not to approach the ATHs but to make a first move to the upside. We'll see.
This is my plan for corn. It is being orientated mainly on seasonality. That means:
I expect the price to drop a bit further or to go sideways during this summer.
According to seasonality, the low should occur around September.
Then the corn price should rise again according to typical seasonal patterns.
IF the FED keeps increasing the interest rates, the...
Looking over the last ten years in NDX, we've got a bullish seasonality from now on until the 27th of July. This seems to match with our recently touched 50 % fib retracement. A bullish rebound appears to be very likely now.
Arguments pro a bullish scenario in $SOX / $SOXL:
We have reached the 78.6 % fib retracement in SOXL
According to the seasonal chart from the last ten years (see the SEASONAX screenshot at the top), in 9 of 10 cases the $SOX had made a bullish move from the 17th of May until the 8th of June
At some point, the semiconductor shortage must affect the...
This is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely:
According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality.
The prior inverse H/S...
Looks like we can open the bullish case.
Triangle formation has broken to the upper side
Re-Test of the triangle on the upside on Friday
Price above still above the 50 SMA
Short-term MAs are bullish aligned (17 EMA > 30 SMA > 50 SMA)
Could be a nice long setup. Valid on the daily and weekly timeframe. If the price drifts further down, I would see this...
Usually, I don't watch ETH, but this seems to be a no brainer:
The triangle pattern got broken on a weekly scale to the upside.
+ Price seems to close above the 50's weekly MA.
My price target is around 4125 USD. Then we need to re-evaluate the market.
Do I have to recap the current geopolitics for you? Germany is navigating to its black-out because the gas supply from Russia is being capped (stupid German politicians but okay). Because of the lack of nuclear energy, the Europeans will have a certain electricity problem - at least Germany in the coming winter. So, they will import US natural gas on a large...
I'm still invested with the rest of my original position long in corn, but I'm ready to scale out completely. But just now, I've noticed that the highs and lows from yesterday and today COULD form a beautiful symmetric triangle. So in this uptrend, this could be a chart pattern that indicates a continuation of the existing trend in corn.
Fundamentally, I think natural gas is going to "explode". I don't know if this will happen in the next months or, as the demand tends to drop during the warmer months in the northern hemisphere, we will see the peak in fall.
You're seeing a projection of last year's rise here with its high in the 1st half of October. But I think this could be...
Very basic TA here. After breaking the bullish breakout of the triangle pattern to the upper side, we are entering the next bullish move after taking out the resistance at 25.40 USD. Perhaps with a short-term correction and a re-test of the 200's SMA (red).
Prologis has a strong seasonal pattern starting on the 8th of March. The price movement is currently forming a bullish flag after the 38.2 % retracement level has been hit. Looks healthy - looks IMO bullish. I see the chances of hitting the yearly high as damn high in the next weeks and months.
Chart with only the closing prices because otherwise, you have way too much noise in the DFI/EUR chart. This is a clear bullish sign. But as always - it depends on what mother Bitcoin is doing. When BTC falls, it will be hard for DFI even to hold the current price levels.
The 50 % retracement of the correction from the bullish movement from the high last April was reached. It's a healthy correction so far.
We're above the EMA 17 and SMA 30 and 50 on a daily basis.
An inverse shoulder-head-shoulder-formation has been built and already broken.
As we have cut through the SMA 200 (red) without any major...