AMEX:SPY April 30, 2024 15 Minutes AMEX:SPY opened gap up around 510 levels. But the expected retracement happened only near end of day. It is on sideways between 508-510 levels. If we consider the rise from 493.86 to 507.37 4SPY retraced to 497.5 levels. This is more than 61.8 retracement for the rise. Hence 508-510 sideways going on for consolidation. I...
Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, recently experienced a rollercoaster ride, briefly surging above $3,300 before encountering a sharp decline. This price action has left many investors wondering: can the bulls regain control and propel ETH back towards its previous highs? A Short-Lived Rally Followed by a...
Alcoa has fought higher since October, and some traders may expect further upside. The first pattern on today’s chart is the December 27 high of $35.03. The aluminum company rallied above that level in early April and retested it in mid-April. Has old resistance become new support? Second, AA is nearing its previous 52-week high of $38.20. Chart watchers could...
Been waiting since 2019. If nothing happens this year, I will happen.
GATEIO:HNTUSDT has great utility and is a leader in the RWA (Real World Asset) category. However, this is yet to reflect on its price action and value. The chart looks sexy right now, and it makes sense to long from here. Study the chart, trade your plan, and manage your risk. What are your thoughts about this analysis? Please share them with me in the...
Day TF Dowtrend with pullback 15 Min TF Trend: Sideways after upside breakout M Pattern formation at this level. Price at support level and 200 EMA Buy: Risky trader: Buy at 1401 after rejecting from support level with 200 EMA support. Target and stoploss 7 Points only. Because still trend in downwards Safe Trade: After crossing Top 02 Resistance level for...
The moving averages are getting tighter and tighter for ADA, which typically leads to big moves. What I'd like to actually see is these get even tighter, so spending another month or two in this .45 - .60 cent region will actually lead to a bigger move long term. PRICE TARGET $1.25-1.75 AUG-NOV timeframe. What I expect to see is BTC shoot up to 83k in the next...
Not buying today despite the discount because a gradual downtrend has formed. As long as that pattern holds, it will continue to make lower highs and lower lows over time (doesn't sound fun). That said, if it can eventually break out of the downtrend (which is currently running next to the 50-week EMA), I would consider starting a position (even though it would...
If you haven`t bought MA before the previous earnings: Then analyzing the options chain and the chart patterns of MA Mastercard Incorporated prior to the earnings report this week, I would consider purchasing the 457.5usd strike price Puts with an expiration date of 2024-5-3, for a premium of approximately $5.95. If these options prove to be profitable prior to...
From what I can see we are at a critical level around the 150 area. I think a close above 152 would invalidate this setup. Please don't use this as trading advice, it's only an idea I want to record and see how it plays out. I'm not a pro. We hit the .618 retracement from our recent high to low swing, which coincides perfectly with our recent downtrend line. I...
Bitcoin broke the trend under the 20 day and 50 day moving averages, we have retested the same moving averages and the price found a bit of resistance this time. My first scenario if we break down the support at 60K is continuation to the downside between 50-52K range however we could see liquidity hunt under 60K support and continuation to the upside.
Hello Future Billionaires, XAUUSD are going towards a Strong Short position. As you can see on the chart. And MA also moving down towards. Entry 2042 SL 2046 TP 2020
XTPUSD has been rallying ever since it broke out of its two week sell off a couple days ago but there are now signs showing that the upward momentum could be coming to a end. Technical : The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are...
HG is on the 30 minute chart with a set of EMAs ( 7- blue 20-red and 100-black) ascended 6 % in 7 days from the morning of 4/23 to the evening of 4/29. This is traded with a leverage of 25. A short trade taken on the reversal is now impending closure. The short falls faster than the long climbs and will yield about another 6% in 24 hours or so. The trade is...
PYPL has had a great past two weeks putting in 7-9% gain. In the past week however, that momentum has stalled. PYPL has printed a head and shoulders pattern. The predictive algo of Lux algo suggests a reversal here. PYPL has been resisted on the higher price action by the second upper anchored VWAP band. The H & S pattern neckline is about 63. The...
The daily chart is currently showing the momentum fading on the PPM1. It looks to be heading down after finding a near term top. As we can see price already trading in a range, it could mean that the market is trying to find a direction. This could either be finding a top or gathering momentum to continue upwards. For more clues, we turn to the weekly chart. We...
The 3 EMA and the 10 EMA have crossed over one another heading down while at the same time price action on XAUUSD is trying to break the bottom Trendline. Stochastic is also making its way past the 50% mark and is heading downwards. Target a 0.5-1% down from the break of the trendline or from your entry point.
Despite the ultimate trading opportunity on SBIN 15 minute chart. Catches the sudden market reversal with a green buy signal on the indicator, Eagle Signal Pro v2.