The pair had a sharp move lower breaking out of a cluster. We are way-below Keltner and we are extremely oversold suggest we may expect a pullback. Strategy BUY @ 1.6980-1.7010 and take profit @ 1.7137. SL depends to your personal viewpoint, however, I suggest a rough 1.25% of investment capital as a reasonable assumption.
As noted previously, the SL had been placed fine, an d re-instated SELL @ 19.3100 area. Now we have declined sharply and stochastic is negative. we are attracting the 18.9000 direction based on GANN angle. For now, we may have SOLD new (at the time I provided an analysis) at 19.2500-19.2800 area and now we are taking profit around 19.0150. For new strategy...
The previous update on daily chart was a BUY strategy and worked out well. Profit order done @ 19.1750 area. Now we are becoming overbought and regression channel suggests we may see a movement between 19.9300 and 19.4100 on top side. the stochastic is negative and therefore I see potential test of 19.0000 again Strategy SELL @ 19.2575 - 19.3150 and take profit...
The pair is looking a BUY on daily chart, and range for BUY needs careful consideration, using 4-hourly as well. GOLD supports the likely chance for a stronger up move over time. Stochastic is positive, and judging historical context, we have a chance to test 19.0150 and maybe we reach 19.2500 again. Strategy BUY between 18.6150-18.7300 I feel. SL below...
The SL was right to have, and reinstating at 19.3100 area, unfortunately was outside on the way and not being able to provide that idea. However, we are starting in a decline mode, but would prefer careful entry at the selected level. Strategy SELL @ 19.2500-19.3000 when seen again and place SL above 19.4150. Profit order now @ 19.0150 area.
It is likely we will see a bit higher again coming sessions. we are basing (double bottom) and this suggest we could see $ 3,250 again or bit higher. Strategy BUY @ $ 2,970 - 3,025 and take profit @ $ 3,275 and SL below $ 2,900.
The share has moved as expected, and looking at the chart, we should reach around $ 170-180. the pattern is "M-top" and neck line somewhere @ $ 240 area. For now we are slightly oversold, and we could pullback to $ 250-250 before the decline will set in to 170. Strategy SELL @ $ 245-250 and take profit @ $ 175. SL above $ 280.
The pair has made a wonderful climb and the daily chart suggestion worked out well as we reached that objective. Now the 4-hourly chart is starting to feel heavy on upside. The stochastic is negative last few sessions already. Strategy SELL @ 19.0200-19.0750 and place SL above 19.1550 for now. Profit order @ 18.8350.
TSLA is in the weakness mode, and even though we may see some pullbacks short-term, the SHOULDER-HEAD-SHOULDER pattern with neckline $ 213 is broken. Any corrective action between here and $ 200.00 should be sold for a move to $ 130.00 area. Strategy SELL @ $ 170-190 and place SK above $ 225 and take profit @ $ 140.00.
This one has potential of declining towards $ 2,400 area. The stochastic is not as yet negative, but some others are, and that is why I feel that we may only have started the decline, and not as yet completed it. Of course, there will be bargain hunting short term, but overall, the bulls will get hurt. Strategy SELL between $ 3,150 - 3,500 and take profit near...
No change in view. I feel we will see return to $ 125 area. The crypto is overbought, and requires good correction. The GANN support is about $ 125 and we have FIB objectives along the way. Strategy SELL @ $ 175-195 and place SL above $ 215 and profit order @ $ 138 for now.
As I have mentioned some weeks back, this one likely will see sharper declines. We still are in need to correct the up move, and I feel we may see touch below $ 50,000 again. Strategy SELL @ $ 65,000 - 73,000 and take profit order @ $ 48,750 for now. SL is a financial decision.
The pair has spiked a bit on the back of weakening GOLD price, which is heavily overbought for some time. Stochastic is slightly negative, and on the high side, but did does not suggest we cannot see it return higher. I rather focus on the pattern, and as depicted, likely a "false bull flag" pattern is the case. Strategy SELL @ 18.8700-18.9300 range and place...
The pair has a clear "false bear flag" which usually suggests we will correct upwards. I suspect seeing the oversold state, and also the false flag pattern, a move back towards 1.0825 is possible. Strategy BUY @ 1.0660-1.0700 and place SL below 1.0580 and profit order @ 1.0795
The pair is under pressure and likely we may see a test of 18.5150. Strategy SELL @ 18.7450 - 18.7750 and place SL above 18.8575 and profit order @ 18.5650.
The pair is under pressure due to higher GOLD prices, and its logically then to expect lower levels. The 4-hourly chart is showing possibility to see 18.5600 test. Stochastic is positive DAILY chart and GOLD will correct, therefore seeing an opportunity for more fun on the upside later on. Strategy BUY @ 18.6150 - 18.6300 and place SL below 18.5150. Profit...
The pair did not move lower as yet, and my BUY suggestion never reached. Of course, GOLD is weakening, but remember, we move with the pair ahead of time. This should be of concern, and therefore, we may see a pullback again The stochastic is high, and shows overbought signs. Strategy SELL @ 18.8500-18.8800 and place SL above 18.9450. Profit order @ 18.6150.
Besides the overbought status on daily and weekly, we also are negative stochastic currently. We have GANN support $ 2,250 area and it feels we may correct back to $ 2,075 for the coming weeks to come, is my personal view. Strategy SELL current $ 2,330-2,375 and same as before keep SL above $ 2,425 to give yourself room. Profit order initially @ $ 2,178.