NG is oversold and now setting at a good support zone! price action looks exhausting with weak selling pressure, now preparing for a bounce back up! Always bullish on energies in this global economic crisis.
TRX has the largest open interest in exchages meaning a lot of positions are being opened! Justin sun is afraid of losing the USDD stability like the UST nightmare. In these current market conditions I won't long the support as fundamentals are agains me. Starting from New york open, markets will be very volatile because of fear from fed interest rate decision...
$RGC rally now looks exhausting, price begins to lose momentum and RSI indicates that stock is overbought and needs re-evaluation.
$VST breakout of the ascending channel which has been holding for so long! New york open will be very volatile today but bearish in overall.
MCK stock price is losing momentum and indicating a trend reversal, fear leads to panic selling as fed will most likely raise the interest rates by >=50bps
DWACW broke below it's strongest support, aggressive selling pressure from volume data!
Clear breakout of a H&S pattern indicating a potential move to the upside targeting the 0.5-0.618 zone of the fib from swing high to swing low. Stocks are set to recover from losses next week. NASDAQ Bullish information:
EURCAD is in a solid up trend and now testing it for the fourth time after a clear rejection from 1.36 This gives us a 1:3 RRR
With the strong rally of DXY all you can do is trade with USD strength, here is a very bearish pattern on EURUSD that could trigger massive selling position one 1.05 get broken! DXY looking very bullish as inflation hit 8.3% and Fed will be forced to raise interest rate even more in the coming meetings:
Fed rate hikes are increasing fear among investors leading to panic selling in the market, fed has recently added 50bps to the interest rate now trading at 1% and they will be forced to hike even more to resist inflation(+8.5%). Only scalpers are taking buys in the current market situation, taking shorts only will serve you well because we are in a bear...
$LTC has formed a H&S pattern in the daily time frame while $BTC is in a bear flag near support line bounced a little bit up. Fed will raise interest rate starting from May which is a very bearish sign for the stock market! Nasdaq is positively correlated with Bitcoin. In a nutshell, cryptocurrency market depends totally on the US stock market. For this $LTC...
After a massive selling pressure, stock market will get a small bounce starting from this monday. US30 bounce opportunity with good RRR from this support + bullish RSI divergence, then the H&S pattern may play out towards 30000.
over $1 billion worth of short positions sets at $38-39k zone, market makers will push price higher to liquidate those high leveraged shorts before dipping again.
$BTC is targeting the liquidation of those high leveraged shorts from $38k before going lower, first tp for me is $33k.
Very clear rejection of this key level supported by a bearish RSI divergence in the 4H time frame as you can see here:
$XRP is currently trading inside a pennant pattern waiting for a breakout while $BTC is trying to liquidate leveraged shorts setting at $38k before bleeding again with a -10% or more. $XRP's lawsuit with the SEC is so boring as they postpone the decision making. $BTC broke below the bear flag which is a very strong sell signal that will take alts to more than...
This is just a small correction on UJ because of DXY retesting 103 mark as you can see here: You get 1:3 RRR on this trade, but you will probably have to hold it over the weekend.