As promised here i have the confluence on this exact level. - Weekly level - CC fibonacci .66-.618 - POC of the range - 1.618 Fib extension -1/1 Fib extension -1.414 fib extension - Daily level ( Not marked ) - Market structure Level ( Not market ) SMASH THAT LIKE BUTTON! Follow for more thunder crazy insights and technical analysis that is thunderboy21 signing out!
Welcome to thunderboy21 technical analysis, Here you see 2 parts on the chart that are very similar to each other, as i have said is my previous Post i was looking at this fractal from above distribution and projected it on this price action. i shorted the top via this fractal for a 20% move down ( Did not expect that fast ) i think this is just going to play...
So I am currently neutral on ADA at the moment. We are sitting at a point where ADA is showing bearish signals but there has not been a confirmation of a lower low yet. The price is sitting at a support which normally brings buying power from bulls, yet we see nothing. The problem is the lack of a higher high. Bulls do not feel comfortable buying at the highest...
IBIO price is currently touching neckline of the Head and shoulders pattern. In addition to this we can see a bearish EMA crossover has recently occurred. I expect to see a break in the neckline followed by a significant drop in price.
UPS will trade under the ticker symbol DOWN until that gap is filled. $180 level is a good entry to go long.
The hash ribbons indicator which is very rare to happen has already lit up into buying signal and after days of green candles, I suspect and hope (actually) for a better leg up in a retracement of BTC's current price. My good case retracement scenario is BTC testing the 41K level as it is the price where the blue downward slope and as 41K price level is around 0.5...
The large cap stocks are seeing a significant reduction in buying pressure across the board. I believe there is a high chance this chart plays out to the downside in some way. When? Before October we should see the end of this formation.
On average, the Cost Basis for DOGE Coin is less than $0.02. Because, no more than around 10% of DOGE capitalisation has been actively traded, downside can be as low as $0.02 - with very little resistance straight down to the 'floor' The tell-tale sign of a break is when existing long traders (at their current break-even point or currently experiencing losses...
We took advantage of the downside movement last week on this pair. Check out how 4HR levels have been violated. Another bearish week? We have seen the JPY reverse last week after lockdown restrictions have eased for the majority of cities in Japan. We are currently at a key long term level in price - a break of this level will mean further downside movement this week!
Are we going to see some bearish PA if we break this ascending trendline? Check out what happened last time we broke an ascending trendline! If we do see a break and downside movement, keep an eye on our marked shorter term key levels for potential bounce points and areas of support.
If we take a look back at the 2017-2018 Crypto run up and sell off the similarities in price action are eerie. I went through studying all the moves trying to find a proper price target based on measured moves with little success. However, today I had a realization, once BITSTAMP:BTCUSD was unable to rally, and a large liquidation through $30000, I realized that...
First analysis of the week we cover AUD/USD! Price has been range bound (100 pip range). Will we see a USD resurgence, breakout to the downside of this range and a bearish impulsive move? This 0.77 level is key and price is approaching out support zone highlighted in this analysis. A potential price forecast has been identified by the red path!
No clarification needed, check the chart! We enter on breakout!!
A head and shoulders pattern has formed on Alibaba and the neckline is perfectly aligned with the firmly established support line that has been tested numerous times since October 2018. The head and shoulders pattern on BABA has been forming since September 2019 and if the neckline/support is broken I think we could see a very significant drop from here.
FSLY is down approximately 50% since January 27th and unfortunately it looks like the bleeding may continue. As you can see from the chart the retest of support is occurring in unison with the occurrence of the moving average death cross. I think there is a good chance support will be broken here in which case I believe we would likely see a further drop in price...
Ethereum has recently broken the neckline on a 4hr chart head and shoulders pattern slicing though support at 1720USD. The downside target for the head and shoulders pattern is 1499USD. The target for a developing bear flag is 1660USD. Before we test 1499USD I expect a retest of 1720USD acting as resistance.
Price has broken out of our range to the downside. Price has retraced and testing previous support as resistance. Can we expect further downside movement? Have a great trading day!
To start off, diversification is an investor's best friend and most handy tool. When thinking about long-term investing or even if you are a day trader trying to protect all your gains without just sitting on the sidelines, one must implement alternative investment strategies in order to stay afloat and provide some stability to their portfolio. To do such a...