Hi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP.
Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening.
As you can see, ive highlighted key area with an Orange rectangle.
Below it, you can see candles attempting to get into it and...
The Reserve Bank of Australia raised its 2024 inflation forecast on Tuesday and appeared more concerned around achieving its 2-3% target. Despite considering the case for a hike, policymakers decided to hold rates at 4.35% for fourth straight meeting.
The Aussie reacted lower, as markets likely expected a more hawkish language from the RBA, given the upgraded...
Hi guys. This is a Technical Analysis on Tesla (TSLA) on the 3 Day chart.
BRUH.......I was aspecting prices to be around the FIB retracement levels i pointed out in my previous ideas (200-220 range) a little longer. Though its still possible we can retrace back down from this current area. BUT Some bullish signs exist, therefore in my opinion we are Bullish...
Hi Guys! This is a Technical Analysis on ARK Innovations ETF (ARKK) on the 1 Week Timeframe.
Jumping right in:
Our current Price action is currently bouncing off a Confluence of SUPPORT Test
We tested this Confluence of Support area the prior 2 weeks.
The Confluence involves:
1. 50 SMA
2. Support Line of the Uptrend Channel
This would make an area to go...
Todays Analysis – STX/USDT – Retracing to establish an S/R flip re-test of daily support.
Points to consider:
- Healthy Up-trend
- Support Confluence (key level)
- Declining Volume
- Oscillators Below 50
STXUSDT needs to hold the re-test of the daily support zone to form a higher low on the chart and continue its bullish uptrend.
The Support cluster also...
Today's analysis – OGN/USDT – Consolidating at daily support as it retraces from the local swing high.
Points to consider:
- Strong Counter-trend
- Daily/Trend Support Confluence
- 21 EMA Visual Guide
- Declining Volume
- Oscillators Below 50
OGN USDT retracing in a strong countertrend from its previous swing high as it reverts to trend support,...
Todays Analysis – LENDUSDT – Breaching its bear-flag neckline looking for a trend continuation.
Points to consider:
- Support Confluence (higher low)
- Bull-flag (trend continuation)
- 55 EMA (visual guide)
- Increasing Volume
- RSI above 50
- Stochastics overbought
LEND held local support, in confluence with .618 Fibonacci retracement upon retest of the...
Todays Analysis – DLTBTC – Trading within a range as price retraces to test daily support
Points to consider:
- Support confluence
- Declining Volume
- RSI below 50
- Stochastics Oversold
DLTBTC needs to hold daily support upon retest as it confluences with the .618 Fibonacci resistance to substantiate the thesis of a long trade to structural resistance....
OGN BTC
Today's analysis – OGNBTC – Continues its upward momentum as it holds support at key level.
Points to consider:
- Support Confluence (key Level)
- .618 Fibonacci retracement
- 55 EMA (visual guide)
- Low Volume
- RSI breaking above 50
- Bullish Stochastics
OGN showing signs of trend continuation as price respects daily support in confluence with...
