Evening Traders! Today’s technical analysis will be on Kimberly Clark Corp that has retraced from its local top after a clear bearish divergence. Points to consider, - Price retraced to the .382 Fibonacci - .50 Fibonacci in confluence with structural support - Golden Cross in fruition - RSI diverging from price - Stochastics in lower regions - Volume...
Evening traders, Today’s TA will focus on CGC which is in a brutal downtrend and is currently testing a critical support that if broken will send it to next local support situated at the $5 level. Points to consider, - Strong bear trend - Critical support being tested - Break of .236 Fibonacci (bullish case) - RSI broke key trend line - Stochastics...
Evening Traders! Today’s technical analysis will focus on LINK’s blue sky breakout that currently has a probable bearish divergence at play. Points to consider, - True blue sky breakout - Structural support (S/R flip) confirmed - .618 Fibonacci in confluence - RSI diverging from price - Volume nodes below average LINKBTC has been in price discovery mode...
Evening Traders! Today’s technical update will be on Facebook with an oversold bounce coming to fruition, this is similar across the board due to the immense sell pressure. Points to consider, - Trend broke key 200 MA - Local resistance being tested - Local support at .50 Fibonacci - RSI approaching yearly lows - Stochastics in lower regions - Bull Volume...
Evening Traders! Today’s update will be on BNBBTC with an initial rejection from structural resistance, it is now resting on the 200 MA. Points to consider, - Trend putting in a lower high - 200 MA as support (Golden Cross) - Structural resistance as target - Hidden bullish divergence - Stochastics in lower regions - Healthy volume profile BNB is putting...
Evening Traders! Today’s update will be on BTC which has negated the cup and handle formation (see chart linked) and now is in an established down trend. Due to the immense selling pressure, BTC is probable to have an oversold bounce cooling of oscillators such as the RSI. Points to consider, - 21 EMA broken - Structural support intact - RSI...
Hello Traders! Today’s update will be on UBER, confirming a bearish divergence as the whole stock market tanks in response to recent developments on the corona virus. Points to consider, - Failure of higher high - Critical 21 EMA broken - Structural support in confluence with .50 Fibonacci - RSI confirming bearish divergence - Stochastics projected downwards...
Hello Traders! Exciting update today on LINKBTC which is looking quite bullish forming a symmetrical triangle in a blue sky breakout Points to consider, - Trend putting in consecutive higher lows - .236 Fibonacci – Local Resistance - 50 Moving Average, holding support - RSI travelling into wedge - Stochastics in lower regions - Volume declining LINKBTC...
Hello Traders! Today’s update will be on BTC, forming a bullish Cup and handle pattern that will only be confirmed upon a break of structural resistance. Points to consider, - Probable bullish pattern - Clear structural resistance - EMA’s barely holding BTC - RSI putting in lower lows - Stochastics in lower regions - Average volume BTC is currently trading...
Evening Traders! Today’s update will be on the traditional store of value instrument – SILVER – which has been putting in consecutive lower highs, a well-defined resistance line. Points to consider, - Bear trend with consecutive lower highs - Key support held - Resistance line break imminent - EMA’s holding support - Stochastics in upper regions - RSI...
Hello My Followers! Today’s update will focus on BTC’s higher timeframe, trading very close to its apex where key levels diverge - a trade opportunity is coming to fruition! Points to consider, - Strong bull trend on weekly - Key support/ Resistance converging - 21 week MA as key support - Volume currently below average - RSI broke key resistance...
Hello Traders, Today’s chart update will be on the immediate trend of BTC where we have bearish divergences forming at key structural resistance in a rising wedge formation, which serves as a bearish pattern. Points to consider, - Immediate trend bullish - Local support at $9470.00 - Structural resistance being tested - Stochastics in upper regions - RSI...
+++Bullish Flag Pattern has been broken to the Upside+++ As you can see guys after the last huge pump that was heppened between 10 oct 19 - 20 oct 19...we entered in a bullinsh Flag.Price has tried to break it lot of time but it fails untill this last big Green candell...so we have to thing about a Long trade...
Consumer Defensive / Consumer Cyclical 30/12/2019 Close Long: ESSITY_B Current Price SEK: 301.80 Short: WESC_AB Current Price SEK: 0.0046 ESSITY / WESC spread Entry Range: 65608.70 ESSITY / WESC spread Hard Stop: 59076.70 (10%) ESSITY / WESC spread Soft Target: 85374.00 (30%) BETA hedge For every SEK 1.00 Long of ESSITY_B ...
I can't find an explanation for this. It is just wild!
Two points of view are provided in the chart as two scenarios are both likely. Upside has a target of £10,000, Pivot level at £6,000 and downside target of £4,500. The wedge, price stalling and curvature of the price action up to the wedge, tells that there is a possibility for a rejection from a recovering bull market and into a financial recession....
Hello Traders! Welcome back to today’s chart update, which will be on Bitcoins weekly chart, where we have a potential indecision candle close? The weekly trend maybe putting in its local higher low however the EMA’s are showing bearish signs near the psychological $8000 level… Points to consider - Trend still bullish on weekly (Testing trend line) - Major...