Upward momentum continues to look stable. when looking at the charts for the next few days. The daily chart still shows stable momentum in PPM1 even as PPM2 and PPM3 are still struggling along. This may mean that the upward momentum will carry on for some time but is prone to suddenly dropping off. Note that PPM1 is only at 0.1928, not exactly a very strong...
Market bounced to the EMAs which works like resistance.Always trade with 1:1.5 risk reward ration minimum.The previous trade we lost. This trades result will be updated later. SL TP and Entry are given to the chart.
Looking at the Weekly Chart it seems likely to hold these prices for a bit and I have a good feeling buying under $10 will be a great long-term hold. Here in AZ i'm seeing a whole bunch cruising around and honestly they look pretty awesome. Much better than the cybertruck xD.. Anyhow looking at the consistent revenue growth to continue.
Micron Technology jumped on AI enthusiasm last month and now it’s pulled back. The first pattern on today’s chart is the bullish gap on March 21 after earnings and revenue beat estimates. MU dipped to $107.05 the following session before continuing higher, but has now pulled back to hold that level. Has support been confirmed? Second, you have the sequence of...
Microsoft rallied after its last earnings report. Now it may be giving traders another chance with the next set of numbers due Thursday afternoon. The first pattern on today’s chart is $397.21. That was the low on January 31, immediately after the software giant beat earnings and revenue estimates. Prices had run into the report, and they fell on profit taking....
📉Hi Traders, Investors and Speculators of Charts📈 SOLANA is on the list of my top 20 altcoins to watch in 2024. From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop". What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally...
SPY on a 30 minute chart shows a rising wedge over the past week. Price is now under a nearly flat upper trendline of resistance while the support trendline is rising. The dual TF RSI indicator shows strength about 70 while the zero lag MACD shows a K /D line cross. Because of this I believe, SPY may retrace to 468 or the level of the Fib 0.5. Since SPY is...
Hello traders, and happy Monday! :) This setup shows great potential to gain bullish momentum, as the overall higher-time trend is bullish. Currently, it sits on monthly support, and on a weekly basis, the price hasn't broken through the moving averages. Additionally, the average volatility, based on the 7-day and 30-day periods, is overextended, suggesting a...
BTC VWAP Hand over, it failed on 4th try at the last cycle. Now 4th try is on the test this cycle now. Will it succeed this time or fail just like the last cycle? I can not predict the result yet halving and Hong Kong spot ETF approval would help to continue uptrend this time.
Breakout happend in this stock with rising 10 and 40 week MA's and rs indicator is also showing strength. Keep your risk and reward ratios according to your own preferance. This is for educational purpose, do your own research before investing.
LTC Current set up. Keep an Eye on this one. I believe that it will be a lead indication on when the next run is about to happen.
The Heikin Ashi candlestick pattern suggests a recent trend reversal to the upside, as indicated by a series of green (upward) candles. The chart displays a consolidation pattern within a falling wedge, which has been broken to the upside, hinting at a potential bullish reversal. Exponential Moving Averages (EMAs) show the price is currently above the 20,...
Gold price analysis: Current short-term trend: Up. News: Good news for gold Technical Indicators: MA shows bullish trend Short term pattern: triangle consolidation Breakthrough direction: Up Support: 2366-2262 Pressure: 2397-2404 In the short term, low buying is still the main trend! The above gold prices are based on the real-time prices on...
All cycles consist of 3 tops. The first rally stays the same except for diminished returns and a lengthened cycle by 2 years each time. The last two tops don't stay the same and has different variations based on Convergence/Divergence, either price is diverging over all indications, or price may agree while technical indicators are not like seen with the 2021...
TRENT consolidating near its high levels. Traders monitoring for potential breakout from this consolidation pattern. 📈
AMEX:SPY April 21, 2024 15 Minutes. As expected the downtrend continues. Two issues. It is coming to the lower parallel channel in the move. And oscillator divergence. I expect a retrace to 498-500 levels. As I believe once 492-490 levels broke I will have a target of 495 which is 32% retracement for the larger move 409 to 524. 409 I have taken because...
Hi, crypto traders. Last week, 5MA fell below 20MA and 60MA, and the price also dropped below 60,000USD. However, after briefly falling below the psychological line of 60,000USD, the price reversed, and the candlesticks have moved back above 5MA. The current order of the candlesticks and MA lines are as follows. 20MA (blue) > 60MA (green) = the candle > 5MA...