Tesla has struggled for months, and traders may expect another push to the downside. The main pattern on today’s chart is the series of lower highs and lower lows since July 19. The EV maker is near the top of this parallel channel, which may create risk of a move toward the bottom. Second, the 50-day simple moving average (SMA) has been declining and is now...
I wanted to bring your attention to an exciting opportunity in the cryptocurrency market, specifically regarding Solana (SOL). Based on recent market analysis, it appears that SOL is poised for a potential breakout. Several key indicators suggest a favorable outlook for SOL's price movement. Firstly, the Relative Strength Index (RSI) is currently in a neutral...
Chainlink (LINK) that could potentially skyrocket your trading profits. Brace yourselves, because this is a call-to-action you don't want to miss! Chainlink has recently presented us with a picture-perfect entry point, as the Relative Strength Index (RSI) stands at a tantalizing 52. This indicates a healthy balance between buying and selling pressure,...
The Doge community is buzzing with excitement as our favorite meme-inspired coin continues to defy expectations. This recent surge in value presents an incredible opportunity for traders like you to jump on board and make the most of this upward trend. 🚀 Now, you might be wondering, "Why should I trade Doge?" Well, let me tell you why! Doge has proven time and...
I am thrilled to share with you some positive indicators that have recently emerged for Bitcoin (BTC), which may present a lucrative opportunity for potential gains. Firstly, let's talk about the Awesome Oscillator (AO). It is a technical analysis tool that measures market momentum, specifically the difference between the 34-period and 5-period simple moving...
I would like to draw your attention to an important development in the cryptocurrency market that requires our cautious consideration. The ETH/BTC ratio has experienced a significant drop recently, prompting us to reevaluate our trading strategies and focus on maximizing potential gains. As you may be aware, the ETH/BTC ratio refers to the value of Ethereum...
Struggling at trading? This might remind you of the truth!
PayPal has skidded lower for more than two years. Now, after a rebound, bears may return to the payments stock. The first pattern on today’s chart is the series of higher lows since late October. PYPL closed below that line yesterday -- a potential bear-flag breakdown. Second, the recent peak occurred at the 50-day simple moving average. That may suggest the...
Hi Traders, Investors and Speculators of Charts📈📉 As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here: XRP is notorious for making untimely, parabolic increases and falling just as hard shortly after. XRP can trade...
Bitcoin (BTC) price dropped due to a significant increase in the stochastic oscillator reading, surpassing the critical level of 80. It is crucial to approach this information in a neutral manner and make informed decisions based on objective analysis. The stochastic oscillator is a technical indicator widely used in financial markets, including the...
I wanted to bring to your attention an important development in the LINK market that requires your immediate attention. As an avid trader, I believe it is crucial to stay informed about potential opportunities and risks that may impact our investment decisions. Over the past few days, I have been closely monitoring the Aroon indicator on the 2-hour timeframe for...
Chainlink (LINK) has just hit a new yearly high, and the celebrations are in full swing! 🎉🚀 Chainlink has been on an incredible journey this year, defying all expectations and surpassing milestone after milestone. Its upward trajectory has been nothing short of remarkable, and we couldn't be more thrilled to witness this groundbreaking achievement together. ...
BTC (Bitcoin) has been performing remarkably well lately, staying consistently above the exponential moving average periods within the normal range of the commodity channel index. This is a strong indicator of a bullish trend and an excellent opportunity for you to capitalize on! It's time to unleash your trading prowess and take advantage of this upward...
Technical Outlook: LSMA Indicators: The 45 period LSMA in red and the 53 period LSMA in blue are both trending downwards towards the pivotal 50 level, reflecting a bearish sentiment taking hold. TSI Behavior: The True Strength Indicator has just crossed and is angling downwards, with the lines beginning to diverge, enhancing the bearish signal's...
While Bitcoin continues to showcase its unstoppable bullish momentum, it's important to keep an eye on the weekly Relative Strength Index (RSI) indicator. As you may know, RSI is a widely-used technical analysis tool that helps identify overbought and oversold conditions in an asset. Currently, the weekly RSI for BTC has reached 70, a level that historically...
Discount retailers like Dollar General have struggled all year. Now, after a drop and rebound, sellers may return to the name. The first pattern on today’s chart is the series of lower highs since May, which have produced a falling trendline. DG is now back at this line. Will the downtrend reassert itself? Prices are also near the 50-day simple moving average....
Hi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and XRPUSDT is currently trading right on top of the 0,50c support zone. Unfortunately no buyers are showing up on lower timeframes and the technical indicator flashes a clear SELL in the weekly, meaning more downside is to be expected. More downside seems highly likely with...
- Screen 1 (1 Day Time Frame): MACD Histogram ... A bullish trend is indicated when the MACD histogram increases 3 times in a row and the most recent MACD histogram is greater than 0. - Screen 2 (4h Time Frame): Stochastic ... Overbought: A buy signal is generated when the first screen is in an uptrend and the K-line crosses up the D-line below 20. -...