Hello Traders In the past few years, the volume of bitcoin has decreased each time Christmas and New Year are close. This can also be seen in the candles; we might see less volatility in the price. So let's dive into today's analysis; as shown in the chart above price is consolidating after the bearish momentum. On the On-chain side, I screenshotted two metrics...
A pair driven strongly by support and resistance shows a bearish downturn by breaking all support levels.
Tried this a bit earlier when RSI started to break trend but was stopped out after seeing a quick profit, trend was still too strong. Entered again when confirming overbought area. +DI started to break its trend and trend downwards, RSI broke trend & candle was starting to close within Bollinger Bands. As I type this has continued a bit further down and you could...
The continuation of a strong bullish trend in euro against USD will be verified once the currency breaks the cup and handle pattern it's forming as of now. By projecting two TP limits via chart patterns, a good trade plan can be seen.
I have mentioned all the technical tools which are indicating a strong bias towards selling the stock.
The crypto shows breaking of the neckline of a possible double top pattern; indicating a bearish rally till 1173 price.
Monthly chart analysis show a bearish December bias on Natural Gas against USD. Since 2017, the pair has always been bearish in December, making this year 6th in a row!
A bounce back and subsequent trend-reversal is seen after a C retracement point from ABCD harmonics pattern. Combined with the formation of a lower high, and bearish candlestick pattern, a good short entry point is seen.
The currency shows strong confluence of bullish trend reversal from ABCD harmonics pattern along with formation of a nice inverted head and shoulders pattern to supplement the bullish flow. Please note: Tomorrow's Fed announcements might change the probabilities.
The stock shows strong indication for a possible trend reversal to bearish after the fulfillment of the bearish ABCD harmonics pattern. Combining it with formation of a lower high (in accordance with Dow Theory) and a consequent strong bearish candlestick patterns from that price, a good short-sell entry point can be observed.
Taking into account a respected bearish channel along with the formation of a bearish engulfing candlestick pattern, a nice entry point can be recognized for short selling.
Gold shows considerable respect for the bearish trend line drawn on the graph. Supplemented with formation of a new lower high and strong bullish candlestick patterns, strong sell signal is generated.
Disclaimer: I do not give solicitation to buy or short == I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when...
Going short on EU after taking out liquidity of the quasimodo pattern at 3.30pm (Central Europe Time) NY Open - Good Luck!
The GBPUSD is a no-brainer to sell currently, the U.K economy is a joke and the FED is pushing hikes which are leading up to another suspected bullish rally on the USD. We are currently working on our plan of attack for this trade. As the price has broken below strong weekly support, in terms of technicals it would make sense for the price to re-test as...
IF Today 07/09/2022, price close above 142.209 Then, My target is 143.987 Note that!
After we break and candle close above this huge falling wedge which is bullish that we have been in for over a year that's the big news on the day so on smaller macro we are in a small rising wedge which is bearish , i know everyone is calling bottoms to there best educated guess but mine is strait technical based on the RSI going back to 2011 every time the rsi...
Price has broken the descending channel and is likely to find resistance on the top of the newly formed ascending channel. We can then look out for the retest on the back side of the descending channel. This is where we can expect to take our swing trades for the LONG.