This is my plan for corn. It is being orientated mainly on seasonality. That means: I expect the price to drop a bit further or to go sideways during this summer. According to seasonality, the low should occur around September. Then the corn price should rise again according to typical seasonal patterns. IF the FED keeps increasing the interest rates, the...
You can see an inverse H&S chart pattern is forming in DFI/USDT. We have broken the EMA 17 and SMA 30 already to the upside - the SMA 50 could offer a bit more resistance at currently 1.30 USD. For me it seems like the crypto market could reverse (see also the BTC/USD chart) - not to approach the ATHs but to make a first move to the upside. We'll see.
Arguments pro a bullish scenario in $SOX / $SOXL: We have reached the 78.6 % fib retracement in SOXL According to the seasonal chart from the last ten years (see the SEASONAX screenshot at the top), in 9 of 10 cases the $SOX had made a bullish move from the 17th of May until the 8th of June At some point, the semiconductor shortage must affect the...
This is what Bitcoin COULD do now. The channel over the weekly timeframe is on the bottom side well supported. So lower prices should only occur by touching the bottom line in the following weeks.
Fundamentally, I think natural gas is going to "explode". I don't know if this will happen in the next months or, as the demand tends to drop during the warmer months in the northern hemisphere, we will see the peak in fall. You're seeing a projection of last year's rise here with its high in the 1st half of October. But I think this could be...
Beautiful wedge pattern over the daily closing price chart in DFI/BTC. Works as well with normal candles but is here a little bit cleaner. Seems like if BTC does get bullish - DFI is getting extremly bullish!
Do I have to recap the current geopolitics for you? Germany is navigating to its black-out because the gas supply from Russia is being capped (stupid German politicians but okay). Because of the lack of nuclear energy, the Europeans will have a certain electricity problem - at least Germany in the coming winter. So, they will import US natural gas on a large...
Looking over the last ten years in NDX, we've got a bullish seasonality from now on until the 27th of July. This seems to match with our recently touched 50 % fib retracement. A bullish rebound appears to be very likely now.
This is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely: According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality. The prior inverse H/S...
If this symmetrical triangle does break to the upside, we can approach the next level in DFI/USDT. It looks bullish but bearish trends in BTC can and will, of course, also drag the DFI prices down.
Chart with only the closing prices because otherwise, you have way too much noise in the DFI/EUR chart. This is a clear bullish sign. But as always - it depends on what mother Bitcoin is doing. When BTC falls, it will be hard for DFI even to hold the current price levels.
You can see multilevel support around the current price levels. Probably the price drop will be held at the level 2.36 - 2.51 USD. You could consider a speculative long entry, but this is only speculative. We don't know if the multilevel support holds or not. It depends probably mainly upon Bitcoin - if BTC makes dead cat bounce DFI will raise as well.
Usually, I don't watch ETH, but this seems to be a no brainer: The triangle pattern got broken on a weekly scale to the upside. + Price seems to close above the 50's weekly MA. My price target is around 4125 USD. Then we need to re-evaluate the market.
Looks like we can open the bullish case. Triangle formation has broken to the upper side Re-Test of the triangle on the upside on Friday Price above still above the 50 SMA Short-term MAs are bullish aligned (17 EMA > 30 SMA > 50 SMA) Could be a nice long setup. Valid on the daily and weekly timeframe. If the price drifts further down, I would see this...
A symmetrical triangle is forming in PDN. We have made the bottom side of this triangle, and it looks like the price is returning now to the upper side. Around quotes of 0.98 AUD should the upper border of the triangle be touched. After breaking the triangle pattern at this point or later, the bullish trend in Paladin Energy Ltd. should continue.
Very basic TA here. After breaking the bullish breakout of the triangle pattern to the upper side, we are entering the next bullish move after taking out the resistance at 25.40 USD. Perhaps with a short-term correction and a re-test of the 200's SMA (red).
I'm still invested with the rest of my original position long in corn, but I'm ready to scale out completely. But just now, I've noticed that the highs and lows from yesterday and today COULD form a beautiful symmetric triangle. So in this uptrend, this could be a chart pattern that indicates a continuation of the existing trend in corn.
It looks like this descending trendline will be broken in the following days/weeks. Then we could see a continuation of the bullish trend in this stock. According to fundamentals, it's somewhat likely that this mining corporation will benefit from the worldwide money inflation. Technically, with a break of the trendline and a bullish impulse, the moving averages...