SPY seems to have had over a week of continuous upside with zero pullback (almost). DXY seems to be heading up, and I think we have reached a top for a decent pullback on SPY so I am going short here.
SPY gapped down this morning, but found support on high relative buyer volume. It is possible we will see it fill the gap to the upside.
I am anticipating Ethereum to hit resistance and head down lower before another move up
NZDUSD could break above resistance zone here and provide a possible long opprotunity. Watch for the breakout to go long here.
AMD broke through key resistance zone and is forming another bullish pattern. We should see a breakout to the upside next week.
Bitcoin is showing a head and shoulders pattern on the weekly. Below, we can see the next significant support zone at the 20K mark. I am anticipating a break and descent of Bitcoin, and the rest of the crypto market will follow suit. This could lead to some great potential buy areas in the future.
Looking at a fibonacci channel and based on most recent price action and volume, we could see SPY gap up above the all time high zone on Monday.
I don't think the doge is going to die any time soon. Looking at a break out of a descending channel and holding just above support to possibly form another bullish channel.
Bitcoin broke above resistance and has re-tested. A long opportunity is possible here.
Market analysis for Litecoin is very similar to Bitcoin as it has shown in the past. Looking at the higher timeframes it is clear that litecoin overall market is bullish. However, recent price action shows it broke to the downside and could retrace to one of the fibonacci zones listed. As it has remained in an uptrend for so long, I'm anticipating a higher...
Leaving out all the drama from the news and social media posts about Elon / Bitcoin / Crypto etc etc and just looking at the charts, we can see clearly that BTC topped out, formed a head and shoulders pattern before falling down. Tracing the fibonacci tool from the last peak down to the bottom we can find retracement zones back upwards. Whether or not it will beak...
ETC is forming a nice bullish triangle and we could possibly see it break to the upside. However, a break to the downside could see it retrace quite a bit. Most cryptos are pulling back right now.
Litecoin broke down through a key support zone, and is looking like it wants to go back up because we see continuous bullish pressure. If we have a successful break, we may see it move back up to a healthy uptrend.
Intraday XLM scalp. Move stop loss to profit after halfway point. Risk to reward = 1:3
My view on DOGE is still bullish. Looking at the charts, I think we will see a pullback to the zone below. Potentially we could see it push back above the resistance above and continue it's trend if it breaks the counter trendline.
I see EUR/USD breaking down out of an uptrend and I'm waiting for a pullback to fibonacci levels to enter short.
Ethereum is moving in a bullish channel and is reaching the channel top. It is possible it will break through, which is fully possible, but for those looking for a short term trading opportunity, I would wait until price reaches the channel bottom for a long position.
GBP/USD has encountered a counter trendline and zone of resistance to which we have a pin bar and a possible bearish engulfing candle. If this candle closes solid bearish on the 4H, we could have a great short to the below ascending trendline.