CRYPTOCAP:MATIC Polygon on the 1-hour timeframe faced rejection near the 50 EMA line (colored red), favoring the bears as the price broke through the previous support and is now approaching the Optimal Trading Zone (OTZ). It is crucial to remain vigilant, set alerts, and be prepared for the price to descend into this zone. As part of my strategy, a confirmation...
Closely monitor mentioned buy zone and strong support zone. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the...
After taking a swing at the elusive $0.40 target last Wednesday (11/15/2023), ADA got a taste of rejection. But, true to form, the next day, Cardano dusted itself off, shrugged off the setback, and made a bloody good comeback. Now, pay attention. Picture Cardano strutting back into the ring, ready to take on a new, formidable resistance level. The bulls are...
Entry Point: 76-80 Profit Target: 96-100 Stop-Loss: 72 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the...
Hello Traders and Investors, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 In my opinion you don't have to pay any attention to news and fundamental analysis. The chart of an asset literally tells you everthing you have to...
Hello Traders and Investors, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 In my opinion you don't have to pay any attention to news and fundamental analysis. The chart of an asset literally tells you everthing you have to...
In the near future, I plan to refresh my analyses, spanning from gold and interest rates to cryptocurrencies and currencies. However, at this moment, my primary focus is on expressing my thoughts in a straightforward and unfiltered manner. I sense a compelling urge to impart my knowledge on the fundamentals. The wave concept provides a visual avenue for precision...
Hello Traders and Investors, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 In my opinion you don't have to pay any attention to news and fundamental analysis. The chart of an asset literally tells you everthing you have to...
Does a price action on Dow resembles a cup & handle formation on a daily? 34000 - 34450 is a huge resistance - the neckline of the pattern that the index is currently approaching. Its bullish breakout - a daily candle close above - will be a strong bullish signal that will push the prices much higher. Next goal will be 34950. ❤️Please, support my work with...
Copper price continued to provide negative trades affected by the frequent stability below the additional barrier at 3.7280, to manage to reach some negative stations by touching 3.6100. Also, RSI stochastic continues to provide the negative momentum to allow us to suggest forming new negative waves to attack the additional support near 3.5000 followed by...
Thursday wasn't a good day for bulls who have been enjoying a rocket ride for almost 2 weeks. Bears finally put in a big red to stop the stampede. So, what jumps out off the bat? 1. Price is outside the smaller downtrend channel and inside the bigger uptrend channel. 2. Price nearly made a 100% retrace of the previous break down. NDX made a new higher high. SPX...
Hello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience💻 In my opinion you don't have to pay any attention to news and fundamental analysis. The chart of an asset literally tells you everthing you have to know🤯 ------------------------------------------------------------------- 👆In today's video...
The 1st half-year of 2023 is near the end, so the June Triple Witch quarterly expiration on the financial markets just took place the business day before. The S&P500 index ( SP:SPX ) has added 14.44% in net prices since the beginning of 2023 and 15.36% in its total returns ( SP:SPXTR ), back to levels above 4,400 that were not seen in the past 12 months since...
Traders, We have been batting 1000 lately when it comes to the SPY. Might as well make another bold prediction. It would seem that the greatest probability of price action is outlined in the chart. An inverse H&S is forming and the right shoulder has yet to start. I predicted the target down from the last H&S pattern to be 410. That was hit, almost to the...
Hello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience💻 In my opinion you don't have to pay any attention to news and fundamental analysis. The chart of an asset literally tells you everthing you have to know🤯 ------------------------------------------------------------------- 👆In today's video...
Shekel drops to 4 against the dollar, in first since 2015. Currency’s weakness comes as conflict rages, even after Bank of Israel announced plan to intervene in the foreign exchange market to try and contain sharp shekel FOREXCOM:USDILS moves. The exchange rate of the New Israeli Shekel on Monday crossed the threshold of NIS 4 per dollar, the local currency’s...
Hello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience💻 In my opinion you don't have to pay any attention to news and fundamental analysis. The chart of an asset literally tells you everthing you have to know🤯 ------------------------------------------------------------------- 👆In today's video...
The breathtaking rally in palladium appears to be coming to the end. Rising supply and slowing demand are undermining the price of a metal used to neutralize car exhaust emissions. Palladium, once the cheapest of the major precious metals, soared from under $500 an ounce in 2016 to over $3,400 last March, leaving platinum and gold far behind. The reason for the...