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21ma

USDCNH [60] Momentum HeadfakeJan 10th, 12:00PM PST We've had a momentum move into a consolidation with diminishing volatility (aka triangle). This is setup is early in development but worth watching. First we want one more bounce off the horizontal trend line of the consolidation. Then we're looking for this to pullback to the 240 21EMA (to prevent Over Extension) and then a quick reverse back over the horizontal trend line of the triangle. This is the entry signal. From there the target is equal to the momentum move which led into the consolidation
Short
by ParametricTrading
ETH/USDT Next Move? Possible Reverse Head and Shoulder Pattern?What's gonna be Ethereum's next move? Scenario A - Currently ETH bouncing from 21MA support and trying to break the Resistance 1. If ETH breaks Resistance 1, Then we can see a pump towards Resistance 2 followed by a correction and then toward Major Resistance area. If the Major Resistance breaks then we will see a new ATH Scenario B - If ETH fails to break Resistance 1 then we will see a Reverse Head & Shoulder pattern. Same as Scenario A we might see a rally towards ATH from the neckline. This is not financial advice please DYOR. Also please be mindful the path lines were not predicted according to the timeline. So please don't take it literally and "expect" the price to move exactly on the lines. (Sorry can predict the pattern, not the timeline) Lastly, manage your risk accordingly and place stop loss below the next Support.
by CryptoCafeClub
1
PLTR: Buy the dip?Hello traders and investors! Let’s see how PLTR is doing today! First, in the 1h chart, it is dropping today, but it seems the $ 26.07 is working as a short-term support, possibly forming a small Double-Bottom chart pattern. It is too soon to tell, but this support level makes sense when we analyze the daily chart: In the daily chart, we lost the $ 27.47, which was our target, but it just dropped to hit the 21 ema, which is another good support level. So far, we have no true bullish reaction , but if we see one, I think it’ll be an good excuse to buy PLTR. So far, we are recovering nicely but we should wait for more information. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day!
NYSE:PLTR
by Nathan_Black
2
Bitcoin in 2021Here I take two previous, patterned moves from 2017 and fit to current structure (fractal around June 2017). This gives me the ability to approximate its growth or decline over the next year. I then use these two situations to plot a general trajectory (dotted line). Finally, I estimate the curve for the 21 week moving average. I foresee the possibility of a drop down between the 50 day and 100 day moving average on the daily time chart. My target buy region is between $30K and $26K.
BITSTAMP:BTCUSDLong
by austunutsua
1
TSLA: Some scenarios to work with.Hello traders and investors! Let’s see how Tesla is doing today! First, it is trading near a support level, the 21 ema, which is holding the price quite well. If TSLA loses the 21 ema then it would seek lower support levels, like the red line at $ 521, or the black line at $ 641, but since the trend is bullish, we can’t count too much on that scenario. The odds are Tesla will defeat the resistance level at $ 668, and this could make it hit the $ 684 again. Right now, in the hourly chart, we have a strong candlestick pattern called Bullish Engulfing, and this increases the chances of an upside movement. In the daily chart, it seems Tesla is doing a sideways movement , and it wants to hit the 21 ema again. The volume is very low, which was expected, since we are between Holidays, but this also tells me that Tesla is not in danger. There are no pullback or reversal signs around, and in the worst-case scenario Tesla would hit the 21 ema again. Let’s keep monitoring Tesla closely, and if you liked this analysis, please, support it ! And I invite you to follow me to keep in touch with my daily updates. Thank you very much.
NASDAQ:TSLA
by Nathan_Black
6
AAPL: Another target, but the same key points.Hello traders and investors! Let’s analyze Apple today! First, it hit our target at $ 125.39, as we discussed in my last analysis (Dec. 1, the link to it is below, as usual), and now it is retesting the support level at $ 121.98 ., which is the most important support level for Apple in the short/mid-term. Apple must react and defeat the blue line in order to engage a new bull trend, but as long as it keeps trapped between the resistance at $ 125 and support at $ 121, we can’t expect much. If AAPL loses the purple line, we could see a sharper pullback. Let’s see the daily chart: The volume is lower than the average these days, and this tells me that this boring movement is just a correction, not a real sell-off. We have no clear reversal signs here, but if Apple loses the purple line, the next target would be the 21 ema. Below this level, only the black line at $ 112.59 would support the price, but it is too soon to say if it’ll actually hit there. I think the 21 ema is a more reasonable target for the short-term. But this doesn’t mean Apple is going to reverse its bull trend. It would be just a pullback, and usually this means opportunity. When Apple defeats the blue line, it’ll officially resume the bull trend. We just can’t possibly know when this will happen. This is my view for the short/mid-term, and if you liked it, remember to follow me to keep in touch with my daily analyses! And support this idea if you found it interesting! Thank you very much.
NASDAQ:AAPL
by Nathan_Black
10
TSLA: The most important point to keep in mind!Hello traders and investors! Let’s see how Tesla is doing today! The hourly chart is struggling to defeat the blue line at $ 419, and the 21 ema is still pointing down. This makes the trend bearish in the short-term, but we still have important support at $ 406 zone. Tesla did several technical movements lately, just take the red line for instance ($ 442). It worked as a support, and after it was lost, Tesla retested it as a resistance, and the same goes for the blue line at $ 419. Now, I believe the daily chart will offer us more clues: Yes, Tesla is inside a congestion . The 21 ema is flat, and the price is almost ignoring it. The support at $ 406 can be seen from here as well, and if Tesla loses it, there are no supports other than $ the purple line at $ 359. The volume is decreasing, and this tells us that the market is losing interest in Tesla right now. Historically speaking, Tesla does accumulations with low volume, before it explodes again, but this one is taking longer. Maybe because it is a time correction on the weekly chart? If that’s the case, Tesla will continue to move sideways for a few weeks. Either way, the $ 406 is the most important point right now. Let’s see how to proceed when today’s candlestick closes. And if you liked this analysis, please, support it ! And follow me to keep in touch with my daily updates on Tesla and other stocks. Have a great Monday!
NASDAQ:TSLA
by Nathan_Black
2
TSLA: A decisive moment in a dual-support zone!Hello traders and investors! Let’s see how Tesla is doing today! Yesterday, Tesla hit our target, the 21 ema in the daily chart, which we discussed in the analysis I did on Friday (link below, as usual), and now is the time for a reaction. The hourly chart has a support level around the $ 425.40 (blue line), and Tesla is retesting it as well. Any reaction around here would be welcome, as Tesla is still bullish in the mid-term, and the daily chart confirm this: Tesla is struggling at the 21 ema region, as expected, since it recently hit an important resistance zone, which is the $ 461.88. So far, we see no reaction here, and the bears are still in charge in the short-term. But keep in mind that we have a dual support zone near the $ 425, which is made by the blue line in the hourly chart, and the 21 ema in the daily chart. Any bullish reaction now would be a trigger for the bull trend return, and the $ 461.88 is the next pivot point that could lead TSLA to its All Time High again. Let’s keep our eyes open, as now Tesla is at its most decisive moment! And if you like this analysis, please, support it! And follow me to keep in touch with my daily updates on Tesla and other stocks! My best regards.
NASDAQ:TSLA
by Nathan_Black
17
TSLA: Inside a Trap Zone!Hello traders and investors! Let’s see how Tesla is doing now! The price is struggling a lot around its supports at the 21 ema and at the $ 448.78 , and the fight between buyers and sellers is quite intense now. The bullish momentum lost strength, and pullbacks are expected. As we discussed yesterday, if TSLA loses the supports mentioned above we’ll see some bearish reaction. Right now, the hourly chart is in a boring congestion , and this could be stressful. Now, let’s see the daily chart: Tesla is inside a Trap Zone , meaning it is trading between the 21 ema and the previous resistance. This is a quite dangerous situation to trade, because it could go anywhere from here. But I still believe a retest of the 21 ema is possible, before it resumes the bull trend. We still don’t see any reaction around, and the volume is still quite low. Next week Tesla is going to release its Earnings , and surely this will bring some volatility, and this is good. Usually we see some good opportunities after volatile moments. But since the trend is bullish, we can use the $ 461.88 as the most important Pivot Point , because if it’ll be defeated, Tesla will easily hit the All Time High again, as there are no other resistances between these two points. Let’s see how Tesla will react in the Trap Zone. Once it get out of it, we'll have clearer targets. The scenario is quite complex, but after hard times, easier times always come. Support this idea if you liked it, and follow me to keep in touch with my daily updates on Tesla! Have a great weekend.
NASDAQ:TSLA
by Nathan_Black
12
SPX: What if a pullback happens?Hello traders and investors! The SPX is going up today, and it is giving us some interesting signals! First, in the hourly chart, the idea of a H&S chart pattern was completely negated by this week’s movement. The pattern wasn’t triggered, but this reaction is an indicator that tells us that there are buyers in the area. Oh, and if you missed my last analysis, the link to it is below. Right now, it seems nothing will stop SPX to hit its resistance at 3,425 (blue line). The 21 ema is pointing up, and only if SPX loses it, along with the 3397, we’ll see some pullback in the short-term. Despite of today’s movement, we can’t discard the possibility of a pullback ahead, especially if SPX hits its resistance, and this is better seen from the daily chart: Yes, we have what seems to be an Inverted H&S , but we all agree that the volume is below the average for the past few days. This isn’t a good thing for the index, but the bullish reaction this week makes things more complex. Either way, we can expect some erratic movements as the elections are on the market’s radar, along with the political scenario (stimulus package). It seems the market doesn’t care about the Second Wave, and Trump’s health status was quickly priced. Let’s see if the resistance at 3,425 will hold the price. If that’s the case, probably SPX will do a pullback in the daily chart as well. Now, I’m skeptical about the 3,200 zone, but a pullback to the 3,323 is something reasonable to think , and a target to aim in the short-term. And if you liked this idea, please, support it! And follow me to keep in touch with my daily studies! I’m sure you’ll find something interesting around here. I wish you all the best of luck.
SP:SPX
by Nathan_Black
12
SPX: Weekly analysis and multiple time frames (H,D and W).Hello traders and investors! Let’s see how SPX is doing today! Let's do a complete multi time frame analysis (MTFA) as usual, by looking at the hourly, daily and weekly charts! The hourly chart is showing some signs of weakness, and it seems it is doing a H&S chart pattern . I see the black line as the most important point right now, as it was the previous top, and today it worked as a support for the index. Also, if lost, it would trigger the H&S pattern, as it is also its neckline. If this happens, it would be easy for SPX to fill the gap at the red line, but let’s see the daily chart for more clues: The black line can be seen from here as well, and if the price finds a good support there, the blue line at 3425 would be the next target. On the other hand, if the price loses its support, nothing could hold the price until it drops to the next support at the blue line (3200). The index is still in a bearish momentum, as we don’t see higher highs/lows on the chart, and so far, there’s no clear sign that this situation will reverse. Now, let’s see the weekly chart: It seems the price just found a resistance at the yellow line, which is the All Time High before Covid-19. It seems it still is an important psychological point for the index, and it left an annoying shadow above this week’s candlestick. As long SPX keeps trading between the yellow and purple line/21 ema, the trend will be suspended. If you like this idea, please, support it! And follow me to keep in touch with my daily analyses! Have a great weekend!
SP:SPX
by Nathan_Black
14
GOLD Rising Wedge| Local S/R| .618 Fibonacci| 200 MAEvening Traders, Second Analysis – GOLD – approaching key Local S/R where a technical bearish retest is probable. Points to consider, - Rising Wedge (Bearish) - Local S/R Resistance - 200 MA Resistance - .618 Fibonacci Confluence - 21 MA Dynamic Support - Oscillators Technical Divergence GOLD’s immediate Price Action is trading in a rising wedge, breaking down will allow us to have a bearish bias on the market. The Local S/R is current key resistance that is in confluence with the 200 MA and .618 Fibonacci. Price Action is likely to have an initial rejection here. Both Oscillators have a valid technical divergence; this will be negated if price breaks above Local S/R. The current volume profile has been declining; an influx is probable when testing Local S/R as this is the next trade location. Overall, in my opinion, GOLD is a valid short with defined risk, invalidation is above local S/R. Price Action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee
TVC:GOLDShort
by AzizKhanZamani
2
TSLA: Will it reach the All Time High?Hello traders and investors! Let’s see how Tesla is doing today! Tesla is following the good mood seen in the US stock market and is going up nicely. It defeated its resistances at the green line, and the purple line, which we discussed about yesterday, and now the next target is the $ 461 in the hourly chart. We may see pullbacks along the way, and this would be natural and expected. A pullback to the green line again or to the 21 ema shouldn’t be scary at all and would only offer opportunities to buy. Also, we may have a Breakaway Gap here, but it is too soon to say this. Let’s see the daily chart: Since there’s a Triangle chart pattern here, and we have a breakout with a possible Breakaway Gap, the daily chart suggests it could hit the Triangle’s top at the All Time High, around $ 502. But the resistance at $ 461 is still there, and it may offer a challenge for Tesla in the short-term. So far, there’s no reversal sign around, and as long we don’t see one, Tesla will just continue going up. Pullbacks are expected, but usually, they just offer us opportunities. If you liked this idea, please, support it ! And follow me to keep in touch with my daily studies. I’m sure you’ll find something helpful around. Trade well, and stay safe.
NASDAQ:TSLA
by Nathan_Black
9
USDCHF Daily S/R| .618 Fibonacci| 200EMA| Swing High| Low VolumeEvening Traders, Today’s Analysis – USDCHF- breaking key Daily S/R, holding structure will change the local trend. Points to consider, - New swing high - Daily S/R Support (200 EMA & .618 Fib) - 21 MA Resistance - Oscillators Divergence - Volume Below Average USDCHF’s Price Action has established a new swing high above Daily S/R. This shows strength in the market allowing us to have a bullish bias. The Daily S/R is current support, holding this level will maintain a higher low structure. This area is also in confluence with the .618 Fibonacci and 200 EMA. The 21 MA is local dynamic resistance, breaking this in the immediate term will signal bullish momentum. Both Oscillators have a hidden bullish divergence, price action showing strength now will confirm a swing low failure on them. The current volume is below average, an influx is probable when testing key trade locations such as the Daily S/R. Overall, in my opinion, USDCHF is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
Long
by AzizKhanZamani
5
TSLA: All Time High or major pullback?Hello traders and investors! Let’s see how Tesla is doing today! We still didn’t see a good breakout from any of the points we discussed yesterday, but it seems the green line is going to be defeated soon. The 21 ema is going up and should work as a support in case of a pullback. If Tesla loses the 21 ema, the red line would be the next target for the stock. Since we don’t have too many interesting things going on here, let’s see the daily chart: I’m skeptical about this Triangle pattern, but if we see an upward breakout, the All Time High would be the next target. And as long Tesla continues to trade above the 21 ema, the situation will remain bullish. Only if Tesla loses again the $ 359, I would see a decent pullback coming, probably to hit the 21 ema in the weekly chart , which we will analyze on Friday, as usual. For now, Tesla is still trapped inside this Triangle, and under its resistances, and I see no good reaction so far. Either way, I’ll keep you updated about its movements, as I do daily analyses about it, so, follow me to keep in touch! And support this idea if it helped you! Stay safe.
NASDAQ:TSLA
by Nathan_Black
10