Get ready for the big sale. All the moves are because big sales are coming. In my opinion, and according to the price movements, this area will act as resistance. And yet, I will enter into sales according to my personal strategy, which is based on Ichimoku. The goals and areas are clear in the image.
On the above 4-day chart price action has corrected over 90% since the sell signal (not shown). Now is a good long moment. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Regular bullish divergence. Lots of it. 11 oscillators confirmed over 80 days. Awesome. Is it possible for price action to fall further? Sure. Is it probable?...
Yesterday we had a nice attempt to breakdown to lower zones, literally starting that downward movement, but price recovered pretty fast. We are still heading for that upper $45K zone, where we are expecting some major movement to lower zones to happen!! Swallow Team
The price has recently formed a rounded top, indicating a bearish reversal pattern. A critical support line around $0.5486 is currently under pressure. If this level fails to hold, there's a strong likelihood of a breakdown. This potential breakdown could accelerate a move towards the next significant support levels. We monitor this support closely for signs of...
We see a dynamic play between the price action and a firm resistance level that has seen several tests over time. The price recently broke above this resistance, which coincides with the 100 EMA, suggesting a shift in momentum. However, this breakout has led to a fakeout, where the price retracted below the resistance, indicating potential uncertainty in the...
Making a descending triangle pattern. This pattern shows that the price is in a consolidation phase, with a trendline resistance that is going down and aligning with the middle line of the Bollinger Bands. Currently, the price is near the apex of the triangle, suggesting an imminent breakdown. If the price breaks below the triangle, we might see a significant...
AMEX:SPY December20, 2023 15 Minutes. Price action in play. keeping SL 471.5 levels we continue the long. 100 averages have started to flat out near 472 in the last 2 hours of trading. Taking the rise from 471.95 to 474.92 uptrend is strong as long as 473 is held, which also happens to be a 50 moving average. In the 15-minute frame AMEX:SPY weak below 471.8...
Weekly range low, bouncing off of previous bullish market structure in D1 with Stoch RSI oversold and bouncing. On H1, dip has been bought, and I entered on a secondary bounce. Plan: - Entry: 2167 - Stop: 2064, will get out if starts accepting below 2142 - Targets: 2320 (50%), 2475 final target, weekly mid range.
I've been a holder of NYSE:RCL since 2021 and I'm happy with the stock. Still, today I sold my shares. Here's why: First on the technicals: The stock ran 50% since its late October bottom without even a two-day correction. So, it's due for some of that. Also, @LonesomeTheBlue's terrific Trend Lines Pro tool identifies 2 competing rising trading channels on a...
US30 & Dow Jones indices are above the weekly Bollinger Bands and RSI overbought on the weekly time frame. US500 & US2000 are both above the weekly BBs but not overbought on the RSI. Not a sell signal but something to be aware of.
ATOM (Cosmos) has recently encountered a resistance level at $12.00, experiencing a rejection that prompted a retracement to the $10.00 - $10.50 support zone. Here's a breakdown of the key analysis: Key Points: Resistance at $12.00: ATOM faced resistance at the $12.00 level, resulting in a pullback. This level is now a critical point to monitor for potential...
Textron has pushed old highs since the summer, and some traders may see potential for further upside. The first pattern on today’s chart is the $74.81 level, the highest weekly close in the first half. Strong earnings drove the aerospace stock above that level in late July. It tested that price area each of the next four months, and kept closing above it. Has old...
This is not going to be popular, I know. However the moment emotion surpasses reason is the same time profits bleed. There is a number of reasons to be very bearish at this moment on ADA. Why? On the above 10-day chart: 1) Bearish divergence on ADA / USD has been in play for some months now following a ‘great sell’ signal on the above 10-day chart around $1.40....
Kaspa's daily chart recently made a hammer candle after almost reaching a 0.618 fib retracement, implying a possible reversal. However, is this a time to buy the dip or will this keep going down? Current lows on the daily RSI correspond with previous buying opportunities.
I don't usually trade CHINA50, when it comes to China I prefer HK50, but this is an interesting set up/amazing buying opportunity: - RSI is very low - 29 on daily chart, RSI was 24 few days ago. - 11000-11100 is a strong support level. Even in March 2020 the index found support at 11500 - I'm aware of economic situation, but I still believe that recession will hit...
Since yesterday, we have been having a nice movement so far toward our major resistance zone, potentially fulfilling that re-test we have been waiting for! We are aiming here to see the price hover near this zone and open a nice mid-term short position with some major targets and FVG zones to be filled during that movement we are looking for! Swallow Team
RSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA. I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard. It's normal...
On the above 2-day chart price action has corrected 90% since November. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal. 2) Price action RSI resistance breakout. 3) Points 1 & 2 above is also true for the 2-day BTC pair (below). 4) Regular bullish divergence. (1-day chart below). 5) Wink wink nudge nudge - don’t know...