garyreza

garyreza Updated 

There are no doubts that BYND is going nowhere! But why? It's worth mentioning that they had a first wave of layoff (~40) in August, followed by second wave that happened yesterday. Yesterday more than half (words say 75%) of R&D department were notified virtually that they no longer work for BYND. Company has been struggling with cash flow for months, words on...

garyreza

Here is A TON of information, I spend hours analyzing the price movement since 1970 and here are what I found!! I believe price right now is were it should be, its not undervalued or overvalued! Let me know what you think after reading all these info on the chart

garyreza Updated 

Breaking BB20 and staying above it is hard but essential for what I talked about (rally) in the previous post ( go read it ). Remember that "The stock market is a device for transferring money from the impatient to the patient." Garyreza (@Analytca)

garyreza

With stochastic being so low, and TDseq showing perfect candle #9 sitting at an important support, followed by a good green candle with acceptable Volume we can hope for a higher lows formation (based on closing daily price, for the first time since Dec that the downtrend started. If price can keep going up and breaking the $6800 are this will happen, and we might...

garyreza Updated 

Do you see that red candles out of the Bollinger Bands? It happens when the price movement is not natural, panic selling, manipulation etc. Anyway, we have to deal with it. The 50% line (mid line) of the gray support area should hold as support, or its will turn to be probably tribble. Although the ultimate bot in order to don't go down to $4000 should be the 3D...

garyreza Updated 

I talked almost about everything in long term in 1D and 3D ideas I just published. In terms of short term targets: As you see BB20 has been acting as a resistance for a while, pushing the price down, making it breaking MA50 and EMA200. We can see the DMI and Stochastic divergence, though its not a big one. I expect the price to try to break BB20, they will...

garyreza

I don't see any valuable information on 1D chart that I didn't talk about on my other post using 3D chart There is only this one: Stochastic is way below 20 and we have MA50 as support right now. These two should cause the price to hold and go up, not to mention we also have the upper bond of the major support area. Breaking this support area that we have and...

garyreza

I really like these 3D charts, I think they give us the most valuable information right now. Why? I talked about it, lets take some time to recall, it was a post on Aug2 : "The most important thing in order to predict the reversal point is to find out the downtrend timeframe. For sure its not a downtrend happening on daily chart timeframe. So is it 3D or...

garyreza Updated 

Hi again my dear friends. There might be a little panic out there due to the red candles we had during pas couple of days, but I like to say there is hope, actually Im kinda bullish, not super bullish though. SO as we talked it was predictable to retest ~$7300 area, but not going further down. I also published an idea yesterday about why I believed Wednesday...

garyreza

Its a continuation of the previous idea . on 8H chart the EMA200 acted as support and MA50 acted as resistance, we see a bottom doji candle which is TD Sequential candle #9, and indicators (STOCH, DMI, MACD) turning back and re-entering buy zone. The same signs are visible of 4H chart, and are bolder. So, we can hope for a try to break the ~$8k area, which I...

garyreza

Hi my friends. So whats the next target? We need to break ~$8400 area and see higher highs, unless there is a chance to see series of red candles, may be to retest ~7300 or even ~6900, based on the stoch and DMI divergence visible on 12h chart. But what about overall long term trend? I'm still positive that the previous downtrend is over and we will have good...

garyreza

Educational Part: Support/Resistance Supports and resistances are an important part of any trend analysis. Supports hold the price and don't let the price go down further and resistances doesn't let the price go higher. When a support is broken (cant hold the price) it will turn to be a resistance, but after confirmation. Confirmation is when price goes back to...

garyreza Updated 

We broke the 50% line of the support area. Based on the 4h chart the second target is breaking upper bond of the support area (~$6850), if we have the momentum we can break it soon, unless we will go down and test the %50 line (~$6350). As far as that 50% line holds we are good for short term. Another possibility is that if this support area will turn out to be...

garyreza Updated 

Price broke through MA50, and base on the DMI and Stoch divergence we are going to get bullish on short term (hopefully). And MACD is trying to break the zero line. But right now we are at the previous support this is a strong one that we need to break, based on the indicators there is a good chance to see a bullish run (we are not bullish yet but seems like bulls...

garyreza

DMI (which is a lagging indicator) is super bearish, but Stoch is bullish (especially if we hit a new high). Always remember when you see a strong trend has been formed, there is a high chance of reversal, and reversals always come into play, so wait for one. TD seq didn't hit candle #9 for a while during last downtrend (which is usually a sign of a trend...

garyreza

We have three days until the next candle closes, and there is a chance to see a red one (in that case we will have candle #9 in TD Seq). Stoch is back at above 20, which can be a good sign. Still we need Stoch to go above 50, MACD to go above zero, DMI to get bullish and price to break BB20 and stay above it (test it and stay above it), something that didn't...

garyreza

The most important thing in order to predict the reversal point is to find out the downtrend timeframe. For sure its not a downtrend happening on daily chart timeframe. So is it 3D or Weekly? On the 3D chart we see that the price is siting at the EMA200 (EMA200 is usually the reversal point for the timeframe that the downtrend is happening). So if it was a...

garyreza

On the 12h chart we can see that Bullish signs: 1) Stochastic was making higher lows for a while (last 4 lows numbered on the chart), while pricing was going down = Divergence. 2) We also see lower highs on DMI/ADX chart = Divergence. Bearish signs: 1) Price is almost right below the previous support line (which after breaking it, its considered resistance...