Day TF: Overview: After the big up trend from November 2023, price has reached new all time high couple of times and under consolidation from two months. Again the price has bounced from support but this time with W Chart pattern & more importantly Fibonacci at 0.382 Level. Inside candle price break in weekly time frame If stock found some consolidation...
Hi, traders. Last week, candlestick broke below 5MA again, and 5MA itself has clearly fallen below 20MA. Since candlestick is above 100MA, I believe the price will still rise in the long term. However, unless candlestick clearly breaks above 5MA, the price is expected to decline in the short term. # Current order of the candlesticks and MA lines 20MA (blue) >...
Bearish trend was broken on Daily and Weekly last week, which made the Market bullish again Market Structure Bullish on HTF Weekly and Daily at the same AOi Weekly Rejection from AOi Previous Weekly Structure Point Daily Rejection Candles Daily EMA Retest Previous Daily Structure Point Around Psychological Level 0.81500 H4 EMA retest Candlestick Rejection at...
Dear friends, I understand it's been a turbulent period, with some challenging weeks for BTC. However, looking at it from a positive angle, in my observation of coin trends over recent years, I've noticed that when they undergo a death cross on the 8-day moving average (8MA) and the 30-day moving average (30MA), both the 8MA and 30MA typically dip below the...
Looking at BTC 12H chart here. As you can see on the way up, so far, we had one pullback into the 200MAs (purple and red). Price reacted well there and bounced and continued. We are seeing the same behavior so far here. Keep eyes on the 12H chart. If we can stay above the 200ma and 200sma, and close inside the white 100ma, we should see price continue to upside....
MCX:CRUDEOIL1! Weekly TF Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Recent swing and bigger swings are at crucial level in Fibonacci retracement....
CRYPTOCAP:SOL struggled to mantain one of it's main support and brokedown from there. Luckily as a hope for bulls, the price bounced from an horizontal support/neckline at around the 117usd mark and is now back in the trendline looking to be back on trend. Failing to do so could push the price down to retest the horizontal support and probably make the price...
Hi, crypto traders. Last week, as expected, there was a significant short-term decline and the price dropped to 56,500 USD. Subsequently, following the results of the U.S. employment statistics, the price rebounded sharply and is currently moving around 62,700 USD. However, there were moments when the candlestick briefly fell below 100MA, and considering the...
In The above chart you can see how Nifty follows various Technical aspects of the chart. First of all we can see a Parallel channel in which Nifty is travelling. The channel has 3 parts. 1) Channel Top. 2) Channel Bottom. 3) Mid Channel. Channel top will always work as a resistance and Channel bottom will always will work as support. Channel Mid or Mid channel...
I'm super bullish on BIST:LINK long-term but this is honestly one of the worst charts of the majors rn crazy to see analysts calling this bullish today we'll see a Bull Trap from those 3 White Soldiers Price action below the 20, 50 and 200 Moving Averages If we get that Death Cross on the 200MA D then its straight to $10.6
COIN is looking really good here on the daily chart. Reclaimed the 50 EMA after that bounce, and MACD is about to flip bullish. Targets $260 to $280.
The Ethereum (ETH) price action against the US Dollar (USD) presents an interesting conundrum for traders. Recent price movements suggest a potential turning point, and the decision of whether to long (buy) or hold ETHUSD hinges on several key factors. Prior High as Support: A Bullish Signal? The current price of ETHUSD sits above a crucial support level – the...
Building a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one
Western Digital has pushed steadily higher since late 2023, and now some traders may expect the uptrend to continue. The first pattern on today’s chart is the zone around $66. WDC peaked there on March 6 and 21. It then rallied above the price and came back to hold it on April 19 and 25. Has old resistance become new support? Second, the data-storage company got...
With todays price action we see a nice rejection off the falling trend line resistance. US data pushed price for a possibly breakout only to run into resistance and break back down to continue downwards. Price is now forming a bearish triangle pattern with support currently being tested. The plan? - Hold for break of this key level of support - Wait for a...
15 Min TF Trend: Sideways after upside breakout and again triple bottom and double top breakout. Price is under consolidation which is very good sign for further movement Many rejection candles founds in last hour which is sign of further movement upside Price has strongly bounced from 200 EMA Multiple rejection from breakout FVG Bullish is trying to form. Good...
1. Price is at strong support level at Day TF 15 Min TF 1. After a big fall, Price is consolidation in sideways at strong support and resistance level. 2. M Pattern has formed and expected to big breakdown if support level breaks. 3. 200 & 50 EMA has reacted at resistance indicating bearish. 4. Chances of forming bearish flag pattern Risky Buy: Above...
Day TF Market has broken previous high and retracement candle formed by rejecting the same zone Day TF Market has broken previous high and retracement candle formed by rejecting the same zone 15 Min TF Price is in downward range after breaking consolidation area towards upside. Previous resistance has converted to support which is strong sign of holding price...