After a hammer on January 23rd, BTC rebounded from $38,555 (near the $38,000 highs of November 2023) and broke out of a descending wedge. It is still above the MA100D and MA200D, both of which are rising. BTC is also above the $42,700 support level indicated by the fixed range volume profile (FRVP) applied to the price behavior since breaking $40,000. Bullish!
OANDA:NZDCAD D1: Price bounced from daily support. H1: Price break previous resistance and retesting it. M5: retracement trend approaching H1 support zone and shows slow down sign. Wait for market structure shift and clear uptrend to enter long. Entry: Once M5 confirm the rally, enter with TP ~0.82725, entry & SL will be determined by market...
INJ made a great performance in 2023. If BTC continues to shows weakness at key resistance ($48000), INJ would start correcting more deeply. Indeed, in 2D-TF, RSI and CMF indicators had already broken (down) their trendlines. Moreover, bearish divergence can be also observed. As a result, a Short set-up is as in chart. In weekly TF, here is my view: INJ is...
Ethusd has retraced on the one hr tf and found support. A higher high pattern is expected from 2337 with TP at 2404.
XRP/BTC is, at the moment, making a high volume dip below the last low. Considering that: 1. XRP/BTC is above major support lines; 2. XRP/BTC is well below the MA200 (-33%); 3. XRP/USD is squished between giant old support and resistance lines; 4. The MA200 of XRP/USD is rising; 5. XRP.D (dominance) has touched last year's bottom of 1.70%; All of this suggests...
MACD and RSI are giving sell signals Entry: 0.7030 Stop: 0.7261 TP1: 0.6455 TP1: 0.6246
We're eyeing a particularly interesting chart: Polygon BINANCE:MATICUSD . On the daily chart, we're observing a very discernible cycle. While we've certainly seen very impulsive upward and downward movements in our last bull market, we've been convinced since the summer of 2022 that we completed a downward correction and have since developed a Wave (1) and (2)...
Hello Traders, welcome to today's analysis of Pfizer. -------- Explanation of my video analysis: All the way back in 2012 Pfizer created a massively bullish triangle reversal pattern at the $17.00 level. This was followed by a +200% rally. Since 2022 Pfizer has been dropping significantly and is now retesting the support level which I mentioned in the...
EUR/USD move to the downside, looking for a new low and run on sell-side liquidity.
SBUX is sitting on a key support going into Earnings. Confluence of two high timeframe fibs that are proven. What happens at this zone could start a trending wave. =========================================
CHN50 - 24h expiry There is no indication that the selloff is coming to an end. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 11000 will confirm the bearish momentum. We look to Sell at 11100 (stop at 11200) Our profit targets will be 10850 and 10800 Resistance:...
↪️The price of gold experienced a sudden increase today, evident from a bullish candlestick pattern, indicating a significant upward movement. It successfully broke through a resistance level and a notable descending trend line. I anticipate that buyers will persist in driving the price further up in the coming days. My target has been set at 2063...Trade safely
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
I am expecting a short in trend following. The current market price is at the horizontal resistance. If we look at the 1-hour chart, a double top pattern has formed, and its neckline has broken below. Entry 0.85475 Targets 0.8518
There is a Bearish Hammer at weekly Resistance on QCOM with the RSI pushing back down from its second test of the overbought level. This seems like Bearish RSI BAMM that could lead to QCOM coming back into the support range around $120. As a result I'v decided to open Bear Call Spread spreads on QCOM to offset my Bullish AMD Call Spread.