we can see the 200ma on the daily very close at 300.and allmost at the top of the linear channel also the money flow is near overbought. we know that the economy is in far worse state than the stock market currently reflects. we need to accept the fact that SPY completely detached itself from reality. just because the blue chip companies are doing fine doesn't...
touching the 50ma on the weekly also the 61% fib retracement acting as resistance , if we can qonquer those levels then 11K is very possible and even 15k. we might need to retrace a little bit before a more powerful move , now the bulls are losing a bit of momentum
we can see xrpusd is againt 3 major resistance levels. the 200MA the 50%fib and the linear channel. so that being said its going to take a lot of buying pressure to go through those 3 levels at once and at current state most of the other indicators are overbought. so i expect a retrace to the 0.20 area if not lower. note that if it manages to closes above 0.23 on...
negative divergence detected on the daily OBV . also mf is near overbought. i expect a retrace very very soon.
we can see clearly something is wrong here. theres no buying pressure to justify the huge rally. it will soon come to and end, nothing is holding the price at these levels
thank the fed ...even if the economy is in bad shape it only matter the earnings of 5 comanies. which make 20% of the s and p. if these companies are doing good the index does good.
high possibility that it can go to 0 again. with no where to store the oil and demand so low. no one wants oil. we can see the fib levels and below the 50 ma on the daily.
next Wednesday we have the gdp report. which should have a negative impact on the markets, but also the same day the fed meets on interest rates, there is a possibility that they cut interest rates to negative in an desperate measure to stimulate the economy and that would neutralized the GDP report. in a short term that should spike the stock market because ...
resistance now at 200ma and fib 61% should bitcoin conquer that level and go above next targets are outlined. or it could retrace a bit then a final push.
a possible mini bear flag on the 15m? invalidate if break avobe
it should get back to 7300 rsi is overbought and mac cross on the 1hr .. could possibly retest mid line at a second target ~7000.
we can see that that 272 support is being holding very strong and now the 3hr 50day ma adds to it making it worst. but hopefully it can break tomorrow if not then i expect it to bounce back to 288.
we can see here clearly we been in a down trend channel since mid 2018 and all attempts to break out have been rejected. we need to break out of that channel and start a new uptrend in order to go long on this coin. you can do day trades or swing trades in between but if you are a long term holder this idea might be helpfull. there is a chance we can even retest...
reaching overbought levels. but again congress is voting on another relief package for buissness later today. its a coinsidence every time a job report comes out. the congress aproves some kind of relief package.. anyways. on april 29 we have the gdp report. that will give a better outlook of the overall status of the economy.
we can see clearly that it got rejected from the 1d 50ma and also fell down the trend line again. right now the 50ma from the 2hr 3hr 4hr and 1d all will put downward pressure also the macd is losing momentum and the mf on the hourly is overbought. also the linear channel on the 1hr is on the top so i expect it to go down.
we can see it bounce off the major support and as of now we very close to the 50ma resistance on the 4hr and also the 50ma on the 1d its at 280 . if bulls qonquer that we go higher to 288 and beyond. anything below the major support is a win for bears.
major battle ground happening. this level was challenged multiple times either as support and resistance since 2018. we are also at the major multi year uptrend line. i am shorting this but theres also a slight chance of a small pullback to the 277 area due to the fact that bears might be exhasted from the last two days and are at oversold territory.