Intel stock looks good and we expect the price to continue the uptrend. On the 3rd of April, the price got rejected and established the resistance . What we can see now is a previous resistance retest and the attempt of confirming it as a support. Once it happens , more upside will be likely especially that MACD is showing increasing positive momentum. RSI is...
On the chart we can see the price is consolidating inside the falling wedge. We expect that the price breaks above the downsloping support and when that occurs it would be the entry for a long position. In order to avoid false breakout, look for the volume increase. The target is shown on the chart.
Bitcoin may be creating the head and shoulders pattern. If it was about to drop 27 % from where it's now, it would reach the target from our previous analysis: It would be actually pretty good for Bitcoin to retest 20 000 $ as then we would get a confirmation of the bullish structure as the higher low would be created. Do you think it's gonna happen? Share...
Hi Traders, In this analysis, we will take a look at TESLA on the weekly time frame. Let's see what is going on here: In June 2023 Tesla broke the downsloping resistance line and made a beautiful move towards 0,618 fib leve which was a target for bulls . RSI hit overbought level (70) and we got a pullback. But what just happened? The price BACKTESTED previous...
Microchips are ever needed for hardware development companies so Microchip Technology Incorporated is pretty sure investment especially as MCHP is at 10 months up slopping support line now - best moment for accumulation. Recommended entry price: 77.50 Target price 1: 89.00 Target price 2: 100.00 Stop loss: 75.00
Adobe Inc is closing to up slopping support line. Consider entry for a long position after successful retest of up slopping support line. Recommended entry at 528.0 Target price bellow up slopping resistance line marked on the chart. Target price range 580.0-589.0 Remember to place stop loss below support line at 518.0. Falling and closing below this price will...
hi traders Autodesk (ADSK) is trading in already a one year long pattern. We are still waiting for a breakout which may indicate strong move in the breakout direction. Enter the position once the breakout occurs. Targets both for longs and shorts are shown on the chart good luck
IOTA has been in a downtrend for a long time. It can't break the downsloping resistance and we believe that the key support may break on the next retest. If it happens and we get a capitulation, then IOTA may drop even 56% and retest all time lows from 2020. It would be a great buying opporunity for a LONG TERM investment. ETHBTC is bearish now which also...
Hi traders Solana may be ready to break the support. It has been in a downtrend for a long time. Once it breaks a support, it may go straight towards 16 $. What we would like to point out here is that ETHBTC is bearish now: Therefore it would be normal for altcoins to continue the downtrend. Do you agree? 16$ is a target for shorts and an entry for long to...
XRPUSD looks weak. It looks like the price just bearishly retested the resistance which was previously acting as a support. 16 % drop from the current levels is likely. If the price reclaim the upsloping support which is acting as a resistance now (red trendline) , then we can consider being bullish again. Lets see what we will get in the next days. Do you agree?
Hi Traders Let's have a look at 1D chart of ETHBTC ETHBTC is bearish. The price can't break the downsloping resistance. Currently at the temporary support. Once it breaks, we should see 10 % drop. It would make sense as BTC.D is bullish now so ETH and other altcoins should underperform Bitcoin. Patience is a key Good luck
hi Traders Let's have a look at ALV ALV looks interesting. We're expecting the price to surge higher. Take a long position once the price breaks out of the triangle. Target for longs: 110 $ If the price breaks down, we won't be looking for shorts but longs at the upsloping support (red trendline). Good luck
Link like many other altcoins remains bearish. For a time being the price seems to be getting rejected from the upsloping resistance line. We still expect 50 % drop. $3,50 - $3 can be a good area to accumulate link for the next bull market. It would be approx. 94 % drop from the all time high which sounds reasonable if we look at the altcoins % decrease in the...
On the chart we can see a falling wedge. We expect the price to break the downsloping resistance line,so when it's happen we could entry for long position. After the breakout of the wedge we expect short consolidation in the green zone and after that an impulsive move to the upside.
On the chart we can see a descending falling channel. The price remains inside the channel. If the price retests the downsloping support , it would be the entry for a long position. The target would be at the downsloping resistance. If the price moves higher and retests breaks the resistance , it would be the entry for a short position. We would target the lower...
SUI broke the downtrend and it may be ready to fly. We believe that it will make a big move as APTOS did from its bottom when it reached 20 $. Now it's SUI's time . Expecting the uptrend towards 1,20 or maybe even 1,40 $ and from there big correction again. We wouldn't hold SUI long-term because of number of locked tokens, but as a swing trade, it looks...
IBM has been forming ascending wedge pattern. We expect the price to brake down. The short position can be taken once the price breaks down of the rising wedge patter. Estimated target is 134.17 but we should wait for the break down to measure the exact target and setting stop loss. Another way to trade this pattern is to wait for a breakdown and enter short once...
hi Traders We can see that NVO is in a bullish trend. It has been forming a rising wedge pattern . We expect the price to break down from the pattern. Our estimated target is 180.46 . Take short position at the breakout point if we get a volume increase.