mercury_rising

mercury_rising

UBER looking good here. Down 46% off ATH in early 2021. Uber has seen a slow bleed over the last year, as opposed to the more dramatic, precipitous fall of many other stocks. Price appears to be finding support at a historically active Demand Zone. Support appears to be building on the Daily chart. I'm interested at these prices but I'm expecting some more...

mercury_rising

Paypal is down 65% from its ATH last July. It's now flirting with a supply zone that stretches back to 2017. While I'm seeing Bullish Divergence here, I'm also seeing a downward sloping trendline that makes me think we might see one more sharp move down (into the supply zone) before establishing a bottom. If you're a long-term investor, this could be a great...

mercury_rising

Okay, this one is a bit different than my normal charts. Rivian Automotive only started trading late November of last year so there's not enough historical data to draw from to give a complete picture. However, RIVN is a high-profile startup in a hot industry with motivated billionaires backing it. It wants to be TSLA, but you wouldn't know it based on the 50%...

mercury_rising

Boeing looks interesting--at least in the sense that's it's checking all my boxes for the kinds of trades I look for. Bullish Divergence, check. Buy Zone, check. Price on top of a Supply Zone, check. Normally this would be an easy one to start averaging in. However, as with most stocks there's more to consider than just TA and the overall market is still...

mercury_rising

With all the recent sell offs there are a lot of value plays in the market right now. One of those looks to be Sea Limited (SE). SE is down 70% from ATH and judging by the flattening resistance curve, that sell off appears to be losing steam. In addition, I'm seeing Bullish Divergence and price entering into my Strong Buy Zone. Value investors may want to...

mercury_rising

I'm looking at ADBE today. Seeing a lot of good signs for a shorter-term play. I'm seeing Bullish Divergence on the Daily chart (as well as recent 4-hr Bullish Divergence). In addition, ADBE has entered a *strong* buy zone on the lower indicator (something that hasn't happened since 2011). Working against ADBE is the negative momentum, however, I think there's...

mercury_rising

LUNA is currently flirting with the 100 EMA vs BTC. Shorter-term Bullish traders may have an opportunity for a quick flip as LUNA could certainly hold here and continue it's bullish run. However, buying here doesn't feel like the higher-probability play. I'm more interested in waiting for price to come down closer to the 200 EMA. I'm also waiting for my...

mercury_rising

Last month, AXS finally broke through the downtrend resistance. Now price appears to be consolidating above the resistance-turned-support line and dipping its toes into the supply zone. With the recent Bullish Divergence (4h) and with the indicators entering buy zones, AXS looks like a great opportunity for averaging into a long position. To...

mercury_rising

"Be greedy when others are fearful" BABA is 70% off its highs from a year and a half ago and many investors are jaded. Looking at the technicals however, I'm seeing plenty of reasons to consider BABA a great opportunity to DCA into a long position here. The relentless overhead resistance and downward momentum appear to be dissipating as sellers run out of...

mercury_rising

Polkadot (DOT) has been quiet for a while vs BTC--but that's often when the best opportunities present themselves. Negative momentum appears to be slowing and I'm seeing Bullish Divergence on the Daily chart. Having said that, I'm still expecting a retest of the Trend Support and that's where I would look to start averaging into a long position. If Support...

mercury_rising

DOGE doesn't quite seem ready yet, but it looks close to turning the corner. It has recently entered a macro accumulation zone--something we haven't seen for DOGE since early 2021. For those who want some exposure, now might be a good time to DCA in. The 200 EMA could be too strong to break here and I'm expecting a bit of a pullback. I'm waiting until I see an...

mercury_rising

SHIB is looking interesting vs USDT. Price action has been consolidating into a relatively tight range between a flattening Curved Resistance and a Rising Support. Combined with a recent Daily Bullish Divergence and a potential switch of momentum in the indicators, I'm becoming more and more convinced that a sharp breakout is brewing. I'm interested in taking a...

mercury_rising

Keeping an eye on ALGO/BTC. It doesn't look pretty, but there may be an opportunity developing in the next week or so. We're currently testing the Support of a large Descending Triangle. Descending Triangles are bearish and so a break down (at some point) is expected. Combined with the recent bearish momentum and overhead resistance, I'm inclined to think the...

mercury_rising

Hello friends, let's look at the ETH/BTC chart. ETH appears to be in a Rising Channel against BTC. The Channel Support faced a crucial test at the beginning of March as the 50 EMA crossed below the 200 EMA (Death Cross). Bullish momentum held and ETH has enjoyed a 16% bounce. Bulls gained a confidence boost in early April as the 50 EMA crossed back above the...

mercury_rising

Hello friends, I'm just getting back to the charts after an unexpected break. Let's dive into BTC. We appear to be in a macro Rising Channel going back about a year. If we manage to get a strong bounce off the Channel Support, a return to the top of the Channel would become more and more likely. However, that's a strong "IF" and I'm not convinced that the...

mercury_rising

LUNA needs a cooldown. Bearish divergence on both the Daily and 4-hour charts. Buyers are exhausted. Look for profit taking and a potential break of the wedge support. Momentum could carry the price higher, but this is definitely not the place to gamble on a long position. Good Luck. ---------------------------------------------------------------- These are my...

mercury_rising

Looking at SOL vs BTC, we can see that price has broken down as expected (see linked ideas) and is currently looking for support. My initial thought is that it would likely test the 200 EMA, but price appears to be finding some support at these levels. If it can hold here, I would consider it very bullish and would expect a break above the smaller resistance...

mercury_rising

BTC has been struggling under the weight of massive overhead resistance--from the recent Death Cross, from having broken a major trend support line, from Weekly bearish divergence, and so on. Retail investors are "extremely fearful" and calls of impending doom are everywhere--meanwhile, those in short positions are euphoric. All this is setting the stage for a...