So many confluences: ⭐ Key Support & Resistance Line ⭐ 200 Day Simple Moving Average ⭐ Miner Hash Rate Recovers ⭐ Relative Strength Index Oversold
EPL’s share is trading above all major SMA’S EXCEPT 200 days SMA . FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines. However the major volatility with the lower volumes in the last two trading days may stop the price from rising. A positive opening...
Idea & levels are given in chart
If this rejection holds, stonks should proceed to "up-only". Rejection could be backed up by the Bearish RSI-divergence.
AUDCHF is in a sort of rectangle, the price seemed to have broken it on 31st of December but, pay attention, the volumes are very low and the rsi has created a DIVERGENCE, so I think that we are having a fake breakout, there are good chances for a drop towards the 200-day moving average (highlighted in green). The trade has a good risk reward ratio: 1:2.67. It...
Evening Traders, Today’s analysis – XLMUSDT- trading in a defined descending channel that is likely to break bullish, Points to consider, - Price Action Impulsive - Weekly S/R Support (.618 Fibonacci & 200 MA) - Daily S/R Objective - Declining Volume XLMUSDT’s immediate price action is trading in a bearish market structure until proven. This will only come...
Evening Traders, Today’s second analysis – USDJPY- trading at a key Dynamic Resistance where a confirmed break will make the immediate target, Structural S/R. Points to consider, - Price Action Lower Highs - Local S/R Support - Structural S/R Resistance (200 DMA Confluence) - RSI divergence - Stochastics Extended USDJPY’s immediate price action is...
Evening Traders, Today’s Analysis – NZDUSD- trading in an Ascending Broadening Wedge with bearish price action, a retest of Weekly S/R likely. Points to consider, - Bearish Structure (H&S Pattern) - .618 Fibonacci Resistance - Weekly S/R Support (200DMA Confluence) - RSI Bullish Divergence - Stochastics Buy Cross - Volume Declining The current price...
Evening Traders, Second analysis – GOOGL – testing key 200DMA where a bounce into Daily S/R is probable, Points to consider, - Bearish Price Action - 200DMA (Support) - Daily S/R Resistance - RSI Hidden Bullish Divergence - Increasing Volume GOOGL’s immediate Price Action from swing high is bearish where a back test and respect of the Daily S/R will...
Evening Traders, Analysis on - NZDJPY –any rallies are to be sold into on the daily, technical points to consider. - Range high deviation - Valid bearish retest - Bearish PA - 200 DMA Support Price breaking impulsively from range high is quite bearish; a weak bounce will signify follow through to the downside. Price action is likely to put in a bearish...
Evening Traders, Today’s analysis – GBPJPY – putting in a bearish retest, price is to test support, the next technical trade location. Points to consider, - Trend bearish retest (Daily S/R) - Support confluence (.50 Fibonacci & 200DMA) - Oscillators diverging - Volume below average GBPJPY has had an initial rejection from its Daily S/R, putting in a...
Evening Traders, Today’s analysis – EURNZD- deviating from local swing high, daily S/R is the next trade location with technical confluence. Points to consider, - Consecutive HH’s and HL’s (bullish) - Swing high resistance (respected) - Daily S/R confluence (.618 Fib & 200DMA) - Oscillators below 50 mid-point - Oversold bounce continuation The macro trend...
Evening Traders, Today’s analysis – XRPBTC- impulse break back into structure with the immediate target being range resistance. Points to consider, - Swing low failure (local trend change) - Range support confluence (.50 Fibonacci & 200 DMA) - Range resistance target - Oscillators diverting to neutral - Clear Volume influx (temporary top) XRPBTC’s...
Update to price points on the Bitcoin Logarithmic Regression coupled with the Stock to Flow numbers and the 200 Day moving average.
The stock faced quite a lot of rejection against 50D EMA and 200D EMA forming a strong 200D EMA resistance and an intermittent 50D EMA resistance before it broke above both the resistance and formed consolidated support for the price to go long.
The 200 Day Moving Average is a significant level for all assets and certainly for Bitcoin. The main event for Bitcoin currently is a test of the 200 Day Moving Average resistance which it is currently under. However on the CME Futures chart BTC is already above its 200 Day MA. We can see from these charts that this Moving Average bears significance on the...
$SPWR is due for a rebound and after topping Q3 earnings, we believe the recovery is just starting. After the RSI got just below 30, $SPWR has been oversold and due for a bounce. Key to watch is the 200 dma of $9.20 a share. Here are the highlights from Q3: SunPower (NASDAQ:SPWR): Q3 Non-GAAP EPS of $0.07 beats by $0.05; GAAP EPS of -$0.11 beats by...
$MAT is trading higher after delivering strong Q3 earnings and putting its accounting issue behind it. Here are the highlights from Q3: Dolls sales were up 5% during the quarter off a double-digit jump in the Barbie business, while the vehicles category saw a 13% gain off a stellar quarter for Hot Wheels. The company's adjusted gross margin rate improved 390 bps...