Selling zones for CO due to super high volume in middle and high range. If its bullish the demand should have higher volume at the bottom cos its accummulating. This looks like distribution character.
Bias to the downside preferred with target 1.280. SL 1.620 local high for invalidation.
This is probably the biggest head and shoulder that i can find that goes back 12 years ago. The left shoulder started back in 2010. Measuaring the neckline to the head we will be looking at -80% drop if the neckline breaks.
Maybe we need a new tech leader!!!
Cup and handle
RSI is above 50SMA of compare to SXP500
Base formation is from 2015 till now
Price to watch: 22 Feb 2021 ATH @ $81.06
Once we clear for next bull run, we hit this hard baby
Check and compare any indicators you want, but I like it simple. If you purely rely on facts not sentiment.
Hard black line for Alt coin support touched 8 times and bounce. Would you bet on the 9th time it will fail? If yes, what are you risking?
As the points numbered it has some resemblance between BTC and Silver (current price: $25.70) where points 1-5 has already touched an important trendline. To see what will happen to the future price action, we will have to see what is the price reaction at the trendline.
If it hovers around the top of the trendline a quite some time, go LONG when the price...
In line with weakening DXY we might see an end to the bull run (from covid low) of USDJPY with an ending diagonal where we will visit the base of the origin of the diagonal. A head and shoulder is also forming in progress to signify the weakening of the price structure to the down side.
As NZDJPY is declining from high of 82.52, the decline is similar so far to the analogue of Bitcoin which we saw a plunge from 68k high as well. Is NZDJPY only a wave behind BTC giving that both are associated risky assets?
If yes point 4 will suck the breakout traders into thinking of a break of trendline and dumps on them vigorously to point 5.
For Head and Shoulders pattern traders the formation of H&S looks complete with currently testing at the neckline.
Look for red bar offsetting the last green bar gain for confirmation of entry. If it doesn't happen, move on
Potential double bottom forming or also known in Wyckoff term as spring position which offers lowest risk and higher profit ratio. If insitution believes there are values - fundamentally they will consider buying/investing. Remember big institution buys value and sentiment!!