I charted my entry on the dotted green, I did go with calls for June 21st, I am debating closing them now before theta decay starts to really ramp up, but I still think we might hit 144-145$ in a few days the way this is going. The stochastic RSI still has room to run a few more days and the stock lifted heavily, the momentum trend line is far away, and the 20 EMA...
COINBASE:CROUSD Cronos is an altcoin that I've been bullish on since the beginning for the year, and we've already seen our first two TP Point (Take Profit Points) hit, UP +40%. The good news is that CRO still has HUGE upside potential, with the next TP +100% from where the price is currently trading in accumulation zone. In the 4h, we see a clear reversal...
Binance Coin (BNB), the native token of the Binance ecosystem, is currently displaying bullish signals across technical charts. This positive trend suggests a potential continuation of price growth shortly. Cruising Above the 100-Day SMA: One key indicator of BNB's bullish momentum is its position above the 100-day Simple Moving Average (SMA) on the 4-hour...
Palantir fell a month ago. Now, after a period of consolidation, some traders may look for the software stock to recover. The first pattern on today’s chart is the tight volatility squeeze, illustrated by Bollinger Bandwidth in the lower study. Will the narrow price action be followed by a period of expansion? Second is Tuesday’s last price of $22.10. It was the...
According to the US Dollar Index, the US dollar recently elbowed south of its 200-day simple moving average (SMA) at 104.43. This follows a rejection of resistance from 105.04 on the daily chart, which, as you can see, shares chart space with the 50-day SMA at 105.08. Early Downtrend Regarding trend studies, an early sign of a downtrend is seen through the...
The commodity has registered a notable pullback from last month’s record highs and has now moved below the pivotal EMA200 (black line) and 38.2% Fibonacci of this year’s advance. This pauses the bullish momentum and exposes Copper to the ascending trend line from the 2024 low and the daily Ichimoku Cloud. However, this region could contain the correction and...
Bitcoin dominance. 26 day chart. It seems clear now that the dominance has fallen from the ascending diagonal it has been travelling on since November 2022. The wave trend gives an indicator of a probable downward reversal (the red dot corresponds to the blue candle). Heikin Ashi also gave a red candle. I will update the idea later this summer. For now I am...
26D chart. The dynamics are positive. I think all of 2024 and most of 2025 TOTAL3 will go significantly above this red cloud stretched sideways. That's what usually happens. If the candle and the kijun line are above the green cloud, and the next sideways red cloud is not too wide, the price will just be above it. How high? Let's see. I think it will be ok...
AMEX:SPY June 5, 2023 15 Minutes. AMEX:SPY has managed to hold 518 levels making HL pattern. Moving averages have converged. 524.5 is important to hold now for the current uptrend. As i expect once 533.5 is crossed we will have good move till 540. So, for the day considering the rise 522.6 to 529.15, holding 525.5-526.5 levels i have a target 531.5 to...
CCLD is shown on a daily chart with the only indicator being a volume profile. Horizontal lines are drawn from some prominent pivots. As a microcap CCLD has more volatility than the big name IT/AI stock. It also has upside as it is currently priced at 15% of the all time highs in 2021. The initial target is 3.5 based on the low volume consolidations of the...
Macrogenenics sold-off 75% from a moderately bad earnings miss 2 weeks ago. It will be a slow and gradual recovery in the 10 -12 weeks until the next earnings unless a favorable catalyst appears. 5 patients died in a clinical study about the same time as earnings were due. This was a news catalyst amplifying the earnings miss. What is unclear is the total...
Coin is contracting heavily on this inflection point for BTC. I fully expect this stock to rip through the teal momentum trend. I expect the super trend to flip bullish very soon as well. A strong bounce off the 20 EMA on a body, and 50 EMA on a wick signals market expectations are bullish. The stochastic allowed a small breather before this move. -260$ by end of...
UNG on a 120-minute chart has reversed from a long trend down which started in mid -January. This was a steep trend down from the start into mid- March where the trend angle lessened in a period of relative consolidation until May 1st where the reversal occurred. This is a falling wedge breakout with the trendlines of the wedge in thick red and thick green for...
FFIE is rising in a Keltner channel with a moving average channel superimposed. On this 15 minute chart, FFIE went from a low volume trend down to a reversal with volume on the morning onf April 8th with the continuation into April 9th. This is a volatile penny stock. Long trades are taken when price crosses through the moving average channel especially if...
Near Protocol broke the upward trend and entered a negative mood. It also fell below the moving average. There is potential for a pullback to $4.66. Manage your risk well.
*Break and Retest Macro Structure of 29-28.50 *Daily Golden Cross *Golden Pocket Retracement *3rd Touch of Recent Daily Uptrend *Inverse H&S Reversal Pattern from Lows Trade Idea: I would like to see JD base in this golden pocket and consolidate sideways into the 3rd touch of the recent Daily uptrend. If it holds above 28-28.50 the macro higher low on the is...
Hi, crypto traders. Last week, there was not as much movement as expected, with prices gradually declining and briefly falling slightly below 20MA. 5MA and 20MA crossed, as well as 60MA and 100MA. However, the current price has recovered slightly and is fluctuating around 69,000 USD. # Current order of the candlesticks and MA lines the candle > 5MA (red) =...
AMEX:SPY June 3, 2024 60 Minutes. On Friday as expected both 518 and 526-527 was done. My buy is still above 533.5 only. For the fall 533 to 518.3 AMEX:SPY retraced exact to 61.8% being 527.4. For the rise from 518.36 to 527.5 holding 524 I have a target 530. But I am biased towards 512-518 until I see a change in trend.