The stock is coming out of the Supply Shadow of the "BC" bar. The Relative strength is turning positive. Buying Pressure and Money flow are already positive. Another upbar closing above the shadow preferably above today's High will ensure that the stock will move much higher.
Also on the weekly as well the stock is moving above the supply shadow of a BC bar....
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**GBPAUD Analysis - Listen to video!
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Dest the long-term bearish momentum on the XAUUSD, the $1,620 level has continued to hold buying pressure in the last couple of months to insinuate the possibility of a momentum shift in the nearest future. The US Dollar plunged on Friday despite the United States adding 261,000 jobs last month in its October non-farm payrolls report and from a technical...
Pound against Dollar currently faces the buying pressure because of the one half month bearish channel, this bullish move could move the price upto 1.36500 zone
Analysis only for education purpose
The pair has reached a major support area and it could be a turning point as bulls prepare to take over. Good opportunity for long traders to enter the market.
$40,000 seems to be the level to beat for BTC but as we just saw in a matter of minutes accumulation occurred below the $38k mark confirming again the massive bull flag formation. I believe with that flash buy sellers are being worn out by the hour. We can also see BITFINEX:BTCUSDLONGS is picking indicating further buying from traders as well as long term...
NANO is currently at buying zone which combined with full magical round number 1500.
BTC is on pressure zone around 30k and many other cryptos so it would be surprise if there would not be any rebound from this level.
1H chart suggesting 1.900 area or slightly less as safe exit area.
It is very related to NANOUSD which are in the similar place.
Price approaching an area where we have multiple confluences:
- 100EMA Support
- 78.6 Fibonacci
- Trendline Support
- Structure
Wait for buying pressure on a smaller timeframe near the 78.6 Fibonacci.
Analysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up...
