KBE is an unleveraged bank ETF which on the 60 minute chart is currently trending with a buy signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back into the high-volume area and bounced. It has recovered from a VWAP band...
MGNX as a biotech company makes antibodies against certain cancers. The antibody is tagged to chemotherapy molecules and then heads off looking for cancer cells to which it has a strong affinity. So much for the science. MGNX just got upgraded and the new target is $ 16.00 about 25% upside. Biotech and healthcare are projected hot sectors this year. On the...
On the 15 minute chart, PLUG got a deserving bad haircut today on the dilution announcement. Buying shares in a chas burning enterprise is risky business. However, the prospects of a rescue with a federal grant from the Green Left initiative can come any time. Shares are on sale. So are OTM call options expiring after the recovery if there is one. Price...
Whales have been manipulating Bitcoin in a Wyckoff Distribution schematic since 12/5/23 (before the GBTC and FTX sell off.) Currently: 🚨 Bitcoin dropped below bottom of Trading Range to create a Sign of Weakness in Phase D. 🚨 Bitcoin flipped the bottom of the Trading Range at $40,150 to resistance and created its final Last Point of Supply for shorts to enter. 🚨...
After the Bitcoin ETF was approved there was a 2nd Upthrust After Distribution to test remaining demand. 🚨 Supply was dominant and within 24 hours it was a "buy the rumor, sell the news event." 🚨 Bitcoin re-entered the Wyckoff trading range. 🚨 A small bounce created a Last Point of Supply, which is the ideal entry for a short position.
PEPE is targeting the daily level below. If price can stay above the daily level and golden pocket, after a breakout of the descending trend line, that would be #BULLISH in my opinion. I would then expect price to target the POC (Yellow line) 20% above then the next major resistance (Blue box) 45% above. Calculate Your Risk/Reward so you don't lose more than...
NYSE:BLK Daily chart: Last week, it showed weakness - currently hovering around the 785-790 support but below 20ema. ➣ A daily close below 785 ➳ may lead to a retracement towards the next support at 760-762, potentially filling the volume gap. ➣ Solid volume shelf above 790 + RSI bearish divergence. __ Weekly chart: Last week, it formed a bearish...
We are in a bearish OB area in daily chart. And volume is in decline . So BTC would need a hand from 38k or 36k .
Already gave breakiut with big strong green body candle on monthly timeframe, bouncing back from 50 EMA. Crossed resistance and trendline, fresh volume incoming from past few months.
One of my favourite stocks. Clear breakout of resistance and trendline on monthly timeframe with huge volume. Strong chances of reversal from CMP.
He is the projection of Tesla stock for 2024. As we analyze TSLA will be between 140 and 255 this year.
Next week will be very rich in fundamentals, with the trial of a major Chinese developer scheduled, and the FOMC meeting on Wednesday. All these events are likely to have an impact on the market. Here are the key zones for the upcoming week based on the volume profile. The first zone is 4916, where the market closed. There is a local point of control according to...
FTM has broken out of the massive trendline and has now reclaimed the Anchored VWAP. if this bullish price action continues, we can see another 25% increase in price to the VAH. The POC is the next major resistance so if you enter a long that would be a great TP1. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the...
Taking into account the general market factor, CELO is expected to decline. But, there is some good news that will help in the context of speculation. CELO chain plans to be developed as Ethereum L2. Increased buy volumes are good, but not now. Now they will not provide direct benefits and are not an indicator of growth. Like any other asset, during this market...
Similar to the trading idea I recently posted, I also observe a potential price pullback or a strong buying zone here, due to the high volume and the newly formed support. I plan to implement my strategy to trade this pullback.
I personally believe that the price, as indicated, will experience a pullback in the area of 159.650 because there we have significant support, which is highly likely to be tested again. Of course, it cannot be said how far the price will rise after the touch or after my entry, but I am very confident that a pullback will occur precisely there.
When examining the EUR/JPY chart, a clear support level at the price of 159.615 can be identified, which formed around January 15th. More recently, a support level was established around 160.786. However, this level has been breached and now serves as a resistance level for future price movements. The last interaction in this price range, observed in the 15-minute...
The idea was that while US Oil is not directly affected by the tensions in the Middle East as most of it is domestic consumption, what portion of it that is exported does not go through the Suez Canal but rather across the Pacific to Asia mostly. The idea was expanded by no matter that, the Middle East quagmire affects global oil prices all intertwined. The...