Ethereum is in a downtrend that continues until the price of $850. Buyers are trying to push the price above $1900, but now the power is in the hands of sellers, and those who entered the short trade at the price of $2000 are holding the trade. Thus, the first strong support of Ethereum is at the price of 1836. which will be touched soon. And this price is a...
GOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled back for two day before a huge momentous move up on Friday July 7th. where it moved from the support of the mean VWAPs anchored in mid June into overbought territory two standard deviations above that level. On Monday July 10, price dropped precipitiously back to those...
Dow Jones retested the monthly high. The price set a lower high then and the Friday's NY session was very bearish. The index will certainly drop next week. Target level - 34300 Please, support my work with like!
Its time to recover for a Greenback. It is currently too oversold and multiple technical indicators show a highly probable bullish reversal soon. Target Level - 100.3 Please, support my work with like!
As we reflect upon the significant rally Bitcoin experienced in January, we can draw some interesting parallels to the current market conditions. We then witnessed a similar pattern where the Bollinger Bands tightened, leading to a substantial surge in BTC value. This occurrence has piqued the curiosity of many experts, suggesting the possibility of another...
AAOI has trended up more than 450% since May 23th. The big question is can it continue? The factors include: 1 Volume - volume is what causes price action. Here rising volumes above the running mean suggest that there is plenty of volume support for price action. 2. Anchored VWAP analysis is that after a pullback in VWAP levels in mid June price has been rising...
LUV has been in a persistent trend up for a couple of months after lackluster earnings were reported in early May with another due on July 27th. The airports have been quite busy with vacation travel and Southwest has been part of that action. On the 1H chart, price has been supported by the line two standard deviations above the mean anchored VWAP which...
I see a perfect bullish convergence of 3 technical indicators. The technical outlooks is supported by a current fundamental sentiment and the fact that the pair is trading in a long-term bullish trend. I assume that the pair will keep growing. Target level - 2.0866 Please, support my work with like!
EURCAD violated a very strong supply cluster this week. After a long lasting bullish accumulation, bulls finally confirm their presence. I anticipate a further continuation next week. Target level - 1.462 Please, support my work with like!
Nike has lagged the broader market this year. Some traders may see an opportunity to push the downside, especially with weak quarterly results and slowing growth in China. The first pattern on today’s chart is the 200-day simple moving average (SMA), which the footwear stock broke in mid-May. It tried and failed to reclaim it last month – a potential sign of the...
I shorted EURNZD. It is a trend-following trade that is confirmed by a bearish breakout of key support. Entry - 1.755 Stop - 1.7633 Target - 1.742 Good luck, guys!
USDCAD is trading in a long-term bearish trend. At the end of June, the market started a correctional movement, after it successfuly completed a bearish impulse. Analyzing the price action, it feels like the correction is finally over. I expect a bearish movement next week. Target Level - 1.3135 Please, support my work with like!
BNBUSDT is still interacting with the neckline and is about reach the peak of this reaction @ 88.6% Fibonacci retracement key level for adding to shorts.
BNBUSDT is about to fill the corrective a-b-c retrace. After the last target reached, I'm updating this chart with potential targets based on demand zone for the next short position. An impulse wave downward can be expected. Fisher Transform oscillator on 4h-time-frame was added to speculate a price-time correlation.
PERLUSDT is igniting an impulse wave in reaction as the price bounce inner a broadening structure, in a micro triangle breakout. Fisher Transform bullish crossing is suggesting the direction in time correlation. Aiming 5% upward wave-iii.
Bearish trend will continue on Gold. The price set a new lower low violating the previous one. Technical indicators are also bearish. Goal for sellers now - 1903 Please, like my post!
Dollar Index will remain bullish next week. I see a new higher high higher close on an hourly time frame and a consequent retracement. After the completion of a local correctional movement, the Index will grow! Target level - 103.152 Please, support my work with like!
BNBUSDT is heading a potential downward leg to complete iv-wave of this channel. On the 4H chart we can see a strong bearish correlation between the price action and Chaikin Money Flow bearish divergence, in which we have a c-wave failure case. The next demand zone is confluent with the Fibonacci retracement projection.