FrancescoMerlettini

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- 100 Moving Average is still working well as dynamic support and prices are bouncing from there aheading to 470 2- It is realistic to think that beginning of 2022 might start with a retracement still towards the support sitting at 455, with a movement that might bring to the formation of a...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- 100 Moving Average is still working well as dynamic support and prices are bouncing from there aheading to 4,700 2- It is realistic to think that beginning of 2022 might start with a retracement still towards the support sitting at 4,550, with a movement that might bring to the formation of a...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- Price brke the descending wedge at apical level with huge volumes. The movement was quite predictable as the prices were compressing more and more at the apex 2- My long term targets stays at around 6$-7$, as result of the wedge height projection and the breakout point 3- RSI indicating...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- I do not agree with those who say that Wish has no upcoming support and that it is in free fall! Not at all! The support is a static one, it is very visible in the daily chart, and it is shown in red. The lower trendline of the descending wedge is actually acting as support and the price is...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- Even though the situation seems to be compromised and price seems be heading to 17$, be careful bears, as the price is forming right now a rare megaphone, also called broadening bottom. It basically indicates that the price is charging and volatility is increasing in the perspective of a strong...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- The price is bouncing from what seems to be a right shoulder of a reversal head & shoulder, visible in 4H timeframe but even more visible smaller timeframes 2- Next resistence to look at seems to be at around 21.7$, where there is also a nice gap to be filled. 3- If we manage to break this...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now. 2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying...

02:37

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline 2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end 3- In the next intraday sessions, it might be possible to see a further run...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- ETH broke a rising wedge (in red) whose target is around 2,800. Before reaching that target though the price will face a strong dynamic support given by the 200 MA as also by the 0.786 Fibo level at around 3,130 2- The price might also ideally try to break the supportive blue trendline of the...

02:57

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- Bitcoin is showing a bearish divergence between RSI and price on the weekly chart, which is a sign that price might continue dropping 2- The most recent uptrend started on July 21 and expired on Nov 8th 21 was not supported by volumes: meaning higher prices but lower volumes, also a possible...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- In the 4H timeframe the price found support at around 9$, which is also an area where the historical red trendline and the lower side of the big falling wedge crossed (light blue box!) 2- Inside the bigger falling wedge there is a smaller falling wedge which has been broken on the upside....

03:01

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- RSI and MACD showing bullish divergence in the daily chart 2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January 3-...

01:52

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- Price might be trying to find support at around 15400 where the 100 MA stands 2- In case the 100 MA will be broken, we always have a static ascending trendline at around 15100 which might reject the price as it happened several times in the past 3- Last support might be the dynamic support of...

01:49

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- RSI in the weekly chart is in oversold territory with divergence vs prices 2- Price might re-test the historical trendline at around 100$, which is a 10-13% additional drop from current levels 3- Possible support at 100$ is also a psichological support level (rund number) Not a financial...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- Historical movements might be repeating themselves. Look at the three blue elyptical shapes and movements.. 2- 0.6$ might be the next support from where the price might be rebouncing 3- AFter the rebounce the price might have a spike as done three times previously in the past Not a financial...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- In the weekly chart - so long term view - the US$ is possibly going to re-test the 110 area (at least!). In fact, in that area we have a strong uptrend line (in red) which will possibly act as support 2- The cross came out from a descending channel which lasted since the end of 2016, and this...

FrancescoMerlettini

Hi All, my main 3 take-outs from this analysis are the following: 1- The cross is just re-testing the static support at 1.3360, which also recalls the neckline of a wide reverse head & shoulder, which is visible in the daily chart. 2- The cross is rebouncing on the 61.8 fibonacci level of the uptrend leg that started on Sep 2020 from the 1.27 level, and this...

FrancescoMerlettini

Palantir is showing a right shoulder under formation, with the characteristic that the volumes on the head are low, as it should be for this kind of reversal pattern. In my opinion the price is now targeting the 21.30$ level, where it will probably and ultimately breaking the H&S neckline. This might be happening today or on Mon-Tue next week and not necessarely...