Notes: * Strong up trend * Not the best earnings * Tested historical resistance of $6.17 around mid June * Broke and retested historical resistance of $7.43 just recently * Printed a pocket pivot and is still relatively close to its 50 day line * The Healthcare sector is doing relatively well compared to others Technicals: Sector: Healthcare -...
Notes: * Steady up trend * Great earnings track record * Forming a cup and handle like pattern on the monthly time frame for the past ~4years * Held up relatively really well while the tech sector was being destroyed * Currently bouncing off its 200 day line and now its 50 day line * Also forming an inverse H&S pattern and broke out of it * Bouncing off its 50...
Notes: * Very strong up trend on all time frames * Great earnings track record * Building a base on base pattern * Held up very well against the general market and its sector * Recently bounced from its 50 day line * Printed a pocket pivot with higher than average volume * Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer ...
Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends and has been increasing them recently * Basing for ~4 months * Held up incredibly well while the general market was taking a beating * Printed a pocket pivot Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector:...
Notes: * Strong up trend * Okay earnings track record * Consolidating for the past ~9months * Bouncing from its 50 day line with bullish momentum Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.73 Relative Strength vs. SP500: 1.32 U/D Ratio: 1.97 Base Depth: 36.27% Distance from breakout buy point: -1.16% Volume 19.91% above its...
Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Forming a base for the past ~8 months * Testing the 50 day line as support for the past 4 sessions * Bouncing off the 50 day line with higher than average volume and printed a pocket pivot Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength...
Notes: * Very strong up trend on all time frames * Great earnings track record * Pays out dividends * Forming a cup and handle over the past ~14 months * Bouncing off of its 50 day line with very bullish price action and volume Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 2.7 Relative Strength vs. SP500: 1.65 U/D Ratio:...
LUNA is in a Rising Wedge (ultimately bearish) within a very Bullish parabolic rising support. There is still room for enthusiastic buyers to drive the price higher within the wedge, but it's a high-risk play. I certainly wouldn't enter a short position, but I'm also not interested in longing these levels. I'm waiting for the wedge to break down and then...
As you see from the chart NKNUSDT respects 50 EMA in 1W timeframe and retraced 3 times so far. Looking for indicators and a chart pattern, it signals that it is to go up. Target is higher than 1$ until middle of 2022. Good luck in trades, buddy.
Hi guys! In my previous analysis we talked about the head and shoulders that Bitcoin was making. Eventually the market did indeed create lower prices, and there where a lot of Altcoins that went -15%. However, Bitcoin didn't reach the Head and Shoulder Price Target. Some people are saying that this is now the moment where Bitcoin will turn around, and create new...
This is one goes out for my Forex peeps. If you are looking where to place a bearish position USD/JPY is a good option right now and looking to continue its bearish trend. In the short term, there is nearly any resistance until the 113.40 quadrant. Shorting this one may be a bit rough at the beginning as it may consolidate before touching its 15min supports, but...
Hello Traders, The Dogecoin is corrected from its yesterday high and will go in the sideway before the next rally. We may see the next minor resistance at the $0.30 before heading to TARGET 1. The 50 EMA cross the 200 EMA which is bullish signal. The price may test the 50 EMA before heading to the mention targets. If you like my TA please like and comment below.
Although charts are full of bearish divergence during the last price action above 32k, bulls are doing their best to reclaim the 50 EMA as support. I made a mistake thinking they will easily give up this area to the 100 EMA weekly support (around 24k), obviously NOT ! if they are able to flip the Weekly 50 EMA into support, I still think we will still see a drop...
50 is going to come down quite sharply over the coming 2 weeks. Will be interesting to see how trading interacts with it.
A perfect entry would be a 50% pullback from the previous high to a price between 12 and 13 cents. I expect that the price will meet the 50 EMA at this zone. Look for 50EMA retest and go long to 0.30 cents. But if the price breaks and close below the 50EMA look for a further downside and a change in trend.
The price has formed a triangle shape and is at the edge of breaking out. Price is expected to cross and test the 50EMA before trying to close the 200EMA gap.
** 50 EMA retest & MACD Bullish Cross : bull market indication ** As you can see on the chart, the price action retests the 50 EMA three times on the daily timeframe (28 Jan, 28 Feb, 25 Mar). The corresponding RSI crossing the 50 level indicates the price is in an uptrend. The ensuing MACD bullish cross corresponding to the three instances mentioned above might...
Price has been respecting this channel for many days and today we have seen that it has rejected the 50EMA. Expect an uptrend at least to 1910! Don't just copy trades. Trade wisely.