On the above 5-day chart price action has corrected 98%. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence over a extended period. 3) The falling wedge breakout with target as measured from high to low touch points (blue circles). 4) A few other reasons, especially on the higher...
🔍The market has not yet made the sharp move we expect in the coming days, but I recommend keeping a close eye on the chart. The volume is very low, and the market could start its upward move in the next few days. 📆Coin of the Day: UNI (Uniswap) About the Project Uniswap is a decentralized exchange (DEX) project that allows users to trade cryptocurrencies in a...
Ethereum surged over 30% in anticipation of its much-awaited ETF approval, but the excitement may be short-lived. As traders who missed the initial rally eye the $2.9k to $3.2k support zone, a pullback seems likely. With ETH currently trading around $3.8k, a short trade to this support area presents an attractive opportunity. Technical Analysis: Visible...
FFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward. A massive volume inflow peaked the price action in keeping with Wychoff's...
AMEX:SPY May 31, 2024 60 Minutes. As expected, 522 was achieved. 21 ema of daily done. In Both daily and 60 minutes the bar making ATH is the issue. It had close near low of bar. Hence long for higher target is only above 533.5 levels with close near top of bar. Yesterday i had shared A, B And C. And said B and C was important for the day. Today i will...
🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions. 📆 Coin of the Day: NEO About the Project NEO is one of the older projects in the crypto space with its own blockchain, currently ranked 85 on CoinMarketCap, and part of the top 100 coins. 🧩 Technical Analysis 4-Hour Timeframe This analysis is for trading...
We've fallen below the 1 week old trading range and may face further drops now. The status is overbought.
Many companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI)...
Hi guys Considering the consumption of the specified range, the probability of reaction to the specified price range is very high. On the higher time frame, the probability that a higher ceiling will be formed compared to the previous ceiling is very weak. As a result, our bullish view is short-term for now. What do you think?
Consumer price pressures in Germany accelerated in April to 2.4% y/y, which marked the first uptick since December. Eurozone inflation meanwhile persisted at the same level (May preliminary due on Friday), while wages in the region increased in the first quarter. This has created some worries around the disinflation process and the central bank’s prospects for...
Ethereum (ETH) Price Analysis and Predictions for 2024 In this analysis, we explore Ethereum's current bullish trend, key support and resistance levels, and potential price targets. Using daily and weekly charts with indicators such as the 50 EMA, 200 EMA, RSI, and Stochastic RSI, we provide a detailed outlook on ETH's price movement. Watch for potential...
There is a lot of selling pressure for gold, with RSI signaling overbought conditions on every higher time frame. Undoubtedly bullish, however, it may have reached a peak. In my opinion, a lot of consolidation is required before pushing for another ATH. Currently, a double top appears to be in the making, with a swing rejection candle on the daily, with a hanging...
Sharing a quick chart art analysis of sine curves over the Nasdaq. If this kind of pattern continues, we should see the start of a sideways move over to the second half of the sine curve after which, the move to the top continues. If the pattern holds true, we can expect a retracement in the 40% to 30% range sometime in an 18 month timeline. Short and BTFD...
BINANCE:CHZUSDT COINBASE:CHZUSD Hello Traders Chiliz is one of my suggestions for the altcoin market. You can clearly see long-term accumulation of the price and the break in pitch-fork structure strictly. Highly potential for the alt rally season. The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the...
With only a few days remaining this month, the monthly chart on Bitcoin is setting up to be very bearish: As price action has gone up, Market Cipher B is printing a red Sell signal on the 1M chart, signaling a macro top reversal. If this monthly closure confirms another macro top, bearish divergence will confirm on RSI (top half) and Momentum (bottom half). ...
Previous analysis on 20th March 2024 (linked) would have worked but with more downside than expected (~50 points). Currently, we have a potential ultimate peak in S&P500 on 23rd May 2024. Take note that this idea will be invalidated with a new high and that could mean much higher prices for S&P. However, as traders, we are concerned with risk-reward and not...
The large #memecoins on #Solana Have provided a wealth of opportunities We must appreciate their strength and wonderful gains they have brought people Their is no use crying on the sidelines that your coins aren't pumping When we see what #WIF , #BONK have been doing Keep you core coins that you like but also if you bringing in fresh FIAT into this...
S/L phuck it T/P 0.______144??? Looking at this ugly head and shoulders... I know people ridicule and thats ok, we all have to start and view But ayways Looks like a local top and a corrective wave which is long over due Added a Fib, and confluence to retrace to the .618 on 4 hour and hourly Whats your tradingview?!!?