With cannabis legalization on the horizon in the us and the current support found at 2.00-1.90 for Tilray brands price, looking at our indicators we can see that the RSI is very oversold and could be looking for a potential reversal. We have also tested multiple times the price below 2.00 with out it being there for long.
Bitcoin maxed out price movement towards 71k without reaching the previous all time high of 73k. We now se a down movement and think that it will continue towards 40k-30k region before retesting some highs of 50k-60k
Tesla has been on a downtrend that could be reversed if major support price of 160.00 can hold, this would definetly be a buy zone with minimal risk and HIGH reward.
Looking for a NEW Lower HIGH! After making a new all time high bitcoin will need a new lower high, chart shows multiple bottoms that could be retested. Strongest support levels will be 30k -25k maybe fast retest of liquidity zone from 20k - 15K. Consider that there are now bigger players in the game who can bleed (SHORT) BTC until they test those Lower levels....
Bitcoin has been on a run upward since it’s last bottom of 15K with a massive bullish momentum generated in base to the new opening of ETFs in the market. RSI levels are Overbought and the price has more than tripled. With this in mind we look for a short position to retest 30k -20k before a final liquid retest of this area to propulse bitcoin in ti new highs.
First point of resistance at 48,000.00 if broken on monthly chart could resume to next ceiling of 55,000.00 - 58,000.00. RSI levels should
Be overbought highly , considering short positions at previous highs for retesting of lows at 30,000.00 to 15,000.00.
With the recent release of teslas quarterly reports that we’re better than expected we saw a push to test 180.00 with a slight pullback, depending on feds decision we can see push higher to 300.00. With more manufacturing and infrastructure updates in the upcoming months if positive these could help push price back to retest precious highs.
Monthly candle just closed and it looks very much like a bullish engulfing candle, reports will be released Thursday with expected volatility, I see this pushing price higher up to 135.00 -140.00
Rsi indicator on W chart shows oversold levels, Uncle Elon cutting 20% on prices and also a potential deal in Indonesia to build a factory might be a good catalyst for a reversal and possible retest of 200.00 - 240.00. China economy reopening and possible surge in demand for repriced models might just help push price higher.
Possible opportunity to buy the dip with a small stop loss, this be the third time we have tested and held support at 180.
Looking to bounce from here to continue move upwards to 290.00
After 8 days of continuous downtrend activity to reach Lows of 1686 - 1688 to create a strong support at 1690.00 after this price action
consolidation and now looking for a breakthrough over 1707 to test higher prices at 1750 to then confirm a reversal which might retest 1800-1810 possibly
This could be a good R;R entry point if we dip back and retest 1695 - 1690...
With the US greenback gaining momentum by reopening states in the USA, having enough vaccines for every American citizen and the fed pushing higher yield rates we could possibly see a retest of 92.00 before a pullback to previous support at 91.50-91.00.
Also retail stores showing %increase from last year and re opening states like TEXAS have increased investor confidence.
After breaking support to the downside from 1720.00 to 1706.00 Gold rebounded to 1730s and is currently sitting at 1728.00.
Notes on Higher time frame , on this here is a W chart and I focus now my attention on the RSI indicator waiting for that to reach
lower oversold levels to then look for a bottom at next Key support 1680.00
If this holds up we can look to...
Gold continued to lose momentum due to rising yield in the us bond market and has rejected 1720s and is currently consolidating again after having jumped to 1760 earlier during the opening of the market Sunday.
A possible double bottom formation could be in play to give a breather for prices to climb higher an retest previous support no resistance at 1760-1810...
XAUUSD seems to have found a firm support around 1750.00-1800.00
On the Monthly chart we can see a possible cup and handle formation,
with current geopolitical events this could very much come to fruition and push gold prices higher
to retest all time highs
After resting lows of 1780 XAUUSD has bounced back with a 4 day uptrend to 1855 to then have a pull back finding support at 1810-1820 region.
finding support in 1810 and jumping to 1830 to stabilize in the 1820s Friday Feb 12- 2021
Looking forward to a possible retest of 1900-1950 if we can push above our next resistance level at 1855
RSI indicator still has more...
With the President of Mexico Andres Manuel Lopez Obrador testing positive for Covid and a delay on stimulus deals in the us push
US dollar higher. also federal reserve spokesman Jerome Powell mentioned how they will do anything necessary to keep the US DOLLAR
the reserve currency of the world. if the US dollar continues to gain momentum we can possibly see a jump...
