AMEX:SPY May 14, 2024 15 Minutes. As expected, the oscillator divergence is playing out. Sideways until sorted. Yesterday we had a gap up open and could not sustain and the first bat had close near low of bar. We have 9,21,50 and 100 moving averages around 520 levels. 200 is about 517. For the day if SPY opens gap up above 522.7 I do not expect it to...
On the above 12hr chart price action has corrected 65% since late March. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Bullish divergence. Eight oscillators print positive divergence with price action. 3) Everything that was said above is also true for the AEVO.BTC pair (see below). Is it possible price...
On the above bi-weekly chart price action has corrected over 90% since the sell signal (not shown) at $30. Now is an excellent long moment. Why? 1) A strong buy signal (not shown). 2) Price action and RSI resistance breakouts. 3) Bullish divergence. Multiple oscillators are printing positive divergence with price action. Is it possible price action falls...
TXRH is here on a weekly chart with a linear regression line overlaid along with a Keltner Channel indicator. Below the chart is the Chop Zone indicator. TXRH has been in a trend up for more than six months. There were corrections in January and April. I conld suppose another correction may occur in July whne trading volumes are lower for the summer. In...
A great way to clear TOTAL3 of stablecoins. We see on the 2W chart that "clean RSI" has crossed 20. Kijun and Tenkan have formed a cross. WaveTrend crosses 0. All this lacks only a falling BTC.D to take off properly.
Monthly is winding up for a big drop or huge jump. Monthly: Weekly: Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards. My gut says inflation will send it upward in the near future.
AMEX:SPY May 13, 2024 15 Minutes. Had a gap up on Friday. I sold into strength. I had a view of 522 levels with bias down as oscillator divergence. We can see the divergence more prominent now. Also, if you see in daily the rise is steep and 9 averages is around 512 and 21 around 508 levels. And in one hour chart we have the 522.63 bar having close near low...
🔍Following Bitcoin's recent uptick last night, the concurrent increase in Bitcoin dominance prevented most altcoins from experiencing significant price gains. Instead, many coins traded within a range, with some even witnessing a decrease in value, such as IOTA, which we'll analyze today. 📚While I haven't conducted an in-depth study on the IOTA project yet, it...
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?
Here I have EUR/USD on the Daily Chart! This Spring of 2024 we can see Price of EUR/USD has kind of been "trapped" where you can see the Highs in March begin to follow a subtle Falling Resistance from the Local Resistance Zone, then CONFIRMED by the test of said trendline early April and NOW early May where we see Price has come to rest just below our Falling...
AMEX:SPY May 15, 2024 15 Minutes The SPY is not retracing. It is resolving divergences and aligning moving averages through sideways movement. Now as expected once 522.75 was crossed we are back in business. I will consider two numbers. The rise from 515.15 to 532.582 and 520.56 to 523.82. Maintaining a hold at 518.5 is crucial for the former, while for the...
Sterling ended the week a touch lower versus the US dollar, down -0.2% and snapping a two-week bullish phase. As we enter the second full week of May, the GBP/USD currency pair will be monitored closely ahead of Tuesday’s employment and wage data out of the UK, with technical studies indicating a bearish move could be on the table. Long-Term Picture Price...
🔍Since the previous analysis, the market has exhibited a sideways movement, indicating a period of consolidation. Amidst this, the spotlight falls on Ray Token (RAY), a project garnering attention for its innovative approach within the decentralized exchange (DEX) space, operating on the Solana blockchain. 🔄In the 4-hour timeframe, we find ourselves within a...
Control changed hands in the gold space (XAU/USD) last week; buyers strengthened their grip, adding +2.5% and snapping a two-week losing streak a whisker off all-time highs of $2,431. Technicals Favouring Buyers Last week’s move was (technically) aided by support on the daily timeframe coming in from $2,280, a level which the Research Team were watching...
Bitcoin has been retreating from its all time highs. The momentum is negative, which means we can still expect more lows. The good news is that it started to form a positive momentum divergence, which basically means the acceleration towards the downtrend is slowing down, and a possible reversal is in the making. I don’t see a good timing to start a position, I...
🔍As Bitcoin experienced a notable downturn today, catching many traders unaware, it's imperative to reassess market conditions and identify potential trading opportunities. In this analysis, we'll delve into the intricacies of Binance Coin (BNB) and explore various factors shaping its price action. 💎Binance, being one of the most reputable digital currency...
On the above weekly chart price action has corrected 96% since late 2021. A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes. 3) Regular bullish divergence. Multiple oscillators print positive...
Last weeks levels provided to be partly actionable and price has immediately responded (See attached post). Comfortable holding this 50% long position with stop/target untouched. Will be looking for opportunities to buy the other 50% and increase risk as I'm confident in the bullish sentiment after last weeks Feds statement. I hold an underlying belief that the...