LOT has recently had some good volume and price action leading to a great spike and retracement. It has fallen back to the .618 fibonacci level which is a common level to hold and start a long position at. I am bullish on this crypto because of the use cases, recent volume and good price action leading to this area. Alongside this the greater market has BTC...
Here I am analyzing Tesla's downturn using geometry, volume, and trendlines. First, we have a major support line broken yesterday , after historically defending the price for 8 times successfully. Now, this is expected to turn eventually into a resistance as the price tries to jump back into the upper triangle. Since the last year, Tesla's price was forming one...
Possible retracement about to occur. There has been a strong uptrend with no real pullback, 2 candles of indecision at major resistance area could mean a possible reversal. Sell order placed below previous candle with stop loss above the previous swing high, take profit at the 0.5% Fibonacci level.
I'm a brand new trader learning technical analysis and I would love to get some feedback from more experienced traders. In this chart I saw the head&shoulders pattern. After this completed, we reached a 0.382 retracement back up and now the market is (in my humble opinion) going down to a minor structure level at the 1.272 and 1.618 extension confluence around...