In the ever rapidly evolving world of cryptocurrencies, a new entrant often brings with it a wave of excitement and speculation. DMAIL , a recent addition to the digital currency arena, has sparked interest due to its unique proposition and the subsequent market reactions it has elicited. In this review, we will delve into the technical analysis of DMAIL,...
AMEX:SPY March 8, 2024. 15 Minutes. AMEX:SPY opened with a gap. I closed around 514.2 levels. AMEX:SPY ended the day with support multiple times on the top rectangle box drawn around 514 levels. Considering the rise of 508.52 to 515.89 holding 512 levels uptrend continues. Also due to the gap and holding 514 levels the oscillator also made a high along...
Verizon Communications has rallied since late October, and some traders may think its uptrend is fading. The first pattern on today's chart is the pair of bullish gaps on October 24 and January 23 after strong quarterly reports. Notice how prices continued higher after the initial surge, but faded after the second move. That may suggest improved fundamentals are...
*investment opportunity* A 90% correction since 2014 and following oversold condition there now exists an excellent opportunity to buy this stock. The 10-day chart above confirms a regular bullish divergence between price action and the oscillators + higher low in price action. This is the start of a trend reversal. Price action is now in the bullish half of...
I'm entering a long position in FNGD today at market open using 60% of my equity. Why: RSI momentum positive. RSI about to cross 55. I consider he path between 55 and 70 an ideal long. FNGD is sitting on 8,13 and 21 period EMAs providing possible support. Stop Loss: 4% Will move up manually is it goes in my favor. Risks: There's a FVG area aroun $3.78 Price...
Hey guys! Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line. Reasons to open positions: 1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before 2) By moving into the flag we cross the support lines, and we...
NASDAQ:IBIT March 7, 2024 15 Minutes. Yesterday we had sideways after a gap up open. For the rise from 34.03 to 38.59, holding 36.5 levels uptrend continues. I expect a correction as oscillator divergence is seen. For the larger move from 29 to 39 we need to hold 35 levels being the 61.8 reteracement for the shorter rise 34.03 to 38.59, which is also 200...
UVXY the fear and volatility ETF ran up nearly 10% on the past trading day before retracing a bit all due to the quick about-face in the market at about 1PM New York time. It moved from the lows at the opening bell and let up with after hours profit taking. The relative volatility indicator shows the volatility pump and then dump. The dual signal RSI...
On the daily chart BA had big trend up for November and December but then fell with news of issues the the Max model which further developed into an FAA inquiry. In the meanwhile Thailand and India based airlines contracted for more jets and an earnings report beat both lines especially earnings. It would seem forward earnings are fortified by those new...
INTC on a 180 minute chart is in a flat bottom triangle since before earnings. The earnings report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday as an opportunity to take a call option trade for Friday which had a great return....
NASDAQ:IBIT March 6, 2024. Started to track this ETF last few days. For the move from 28.91 to 39.68, IBIT retraced yesterday 50% of the last rise. Considering the fall of 39.68 to 34.03 uptrend is only above 37.6 levels. Even crypto I found when too far away from moving averages either goes sideways or retraces. We have 33 levels as 9 moving averages in...
AMEX:SPY March 6, 2024 15 Minutes. AMEX:SPY opened with a gap down. Hence 508 was broken very easily. It has retraced 50% of the larger rise 493 to 514 levels. If we consider the fall fall 514.20 to 504.92 509.5 to 510 is a good level to short. We have in 15 minutes multiple tops around 513 levels. So need to cross convincingly for an upmove. As a...
1. Bitcoin needs to cool off. RSI and Stoch are sky high on the Daily weekly. 2. Seems like a very similar fractal developing from last major dumps. So a 20-25% dump would not be surprising. 3. On chain it could be seen last week that whales had started to sell. 4. Us 52-58k as your last buying opportunity. Once Grayscale finishes it's selling the ETF inflows will...
As we see oscillator's divergence action here, as well as the price reacted the strong supply zone, the possibility of the price declining is high. Take Profit zones are the minor support zones. Good Luck to All!😎❤🙌🏽
XNGUSD is here on a 120 minute chart. I can see that it is trying to turn the corner and head up. The RSI is turning up in bullish divergence. While price is below its moving averages, the SMA20 is soon to be in reach. The anchored VWAP lines are approaching a slope decreasing to zero, while price is getting closer to the mean VWAP as those lines go flat....
UNG on the daily chart has put in another monthly low similar to that of December after falling from a double top in early January. Gas production may be low. Storages may be depleting as demand is steady even in mild winters. The indicators show mild bullish divergence on the zero-lag MACD and volatility compression on the Fibonacci levels with low...
On a 2H chart, the index has had a 125% trend up since October averaging 25% per month but accelerating. I wanted to see if there are any signs of an impeding correction given the uptrend's duration. The past week added about 10% which seems unsustainable. The RSI is not yet in high overvalued /bought territory but is on the approach. The predictive...
On the above 4-day chart price action has corrected 70% since the sell signal in November. Now is a excellent moment to be long. Why? 1) Price action and RSI resistance breakout. 2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action. 3) Price action tests past support that first printed 3 years ago. Is it...