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1st of 3 ltc targets hit!The $90 target from the smallest inv h&s (with the cyan neckline) has just been hit! We now have 2 more left to hit. And in hitting the tallest one it will take us up above the magenta trendline which will put into play an even higher possible target…until that happens we will not include that 4th potential target on the chart but probability is starting to favor that 4th target. As always when one target gets hit a retrace is very possible..we can already see a bit of a wick has formed..hard to say how much of a retrace will occur before it continues towards the second target though *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
SPX: About to Trigger an Insane Chart Pattern.• We nailed the 4,195 target on the SPX, as mentioned in my previous public analysis from May 16 (link below this post); • Now, it appears the index wants to correct, and the 21 ema is right there waiting for it, as a technical support level. This makes sense as it just hit its target; • The problem is that it isn’t dropping properly. Despite the drop this morning, the candlestick is still bullish, and this opens room for the possibility of a sideways correction, opposing the idea of a price correction to its 21 ema; • Either way, as long as the index remains under 4,195, it’ll be very difficult for it to resume the bullish bias; • Yes, the trend is bullish, as the index is doing higher highs/lows and it is above the 21 ema; • Long-term speaking, there’s an Ascending Triangle chart pattern on it, and the index has just reached its resistance line; • Therefore, any short/mid-term correction is plausible, however, if the index breaks this resistance line, it’ll trigger this pattern; • The technical target of an Ascending Triangle is the distance between the first bottom and the resistance line projected in the direction of the breakout. This suggests a target around 5k – remember, this is the weekly chart; • It all depends on how the index will react from here, now that it just reached a critical resistance level. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: Another Target Hit. Be careful now.• Today TSLA hit our technical target at $177.65, successfully filling the previous gap; • Now, it seems it is starting to lose momentum, but it is too soon to tell if we’ll trigger a top signal around this resistance (like a Shooting Star pattern, or maybe a Gravestone Doji?); • If yes, then a pullback is likely to happen, but as long as TSLA remains above its 21 ema, the main bias will remain bullish; • On the weekly chart, it is easy to see why it is losing momentum, as we just reached the 21 ema; • The 21 ema on the weekly chart is always a secondary key point to me, and I always prefer to work with support/resistance lines seen on the price, but sometimes this indicator reinforces our reading; • It would be important to see TSLA closing above $177.65 today, in order to improve the chances of a bullish continuation. Again, it all depends on today’s close. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
TSLA: Dangerous Top Signal.• TSLA hit our target area last Friday, around $177, and it is now triggering a Bearish Engulfing candlestick pattern on the daily chart. I mentioned this target on our previous TSLA analysis – link below this post; • The problem is that TSLA triggered this Bearish Engulfing under the $177 resistance, and it is back under the 21 ema as well, indicating that TSLA is very weak at the moment; • On the daily chart, the next support area is around $154 (black line). • On the 1h chart, there’s a short-term support line at $165, which was a previous resistance level; • Below this support, there’s an open gap at $161, and another support line at $158. For now, it appears the $165 line is our main support level, as TSLA is trying to react this morning. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
SPX: Dangerous Correction - What's Next?• The SPX has been correcting since it hit our target, the technical resistance around 4,170, but it seems it is stabilizing above the 21 ema; • We set this target on my previous analysis (the link to my previous public analysis is below this post, as usual), before the SPX confirmed its bottom, when it was still below the 21 ema in the daily chart; • Now we see a bullish reaction above the 21 ema, which is a bullish sign, however, the 1h chart suggests that a bullish reversal won’t be that easy: • The SPX is struggling to break the 21 ema, which is working as a resistance level, short-term speaking; • If this resistance works, and we see a top sign confirmed, the index could correct to lower levels, like the 4,049, the next support line in the 1h chart; • In order to see a bullish continuation to the 4,200 it would be good to see the SPX breaking the 21 ema in the 1h chart, and doing a clear bottom signal in the daily chart as well; • For now, there’s no clear bullish reaction, so let’s wait for more confirmation. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
SPX: Pullback Ahead! 😱• The SPX failed in breaking our target/resistance at 4k. This is a weakness sign, and it is trying to confirm a pullback today; • As I mentioned yesterday, in my previous public analysis (link below this post, as usual), a correction to the 21 ema in the daily chart is acceptable, but it must not drop too much below this point, otherwise, it might resume the long-term bear trend; • In my view, the 3,889 is the key support. If the SPX loses it, then the bear market will resume; • Meanwhile, the key resistance the SPX has to break in order to reverse the trend is the 4k. Only if the index breaks the 4k we might see something new; • Now it seems the index is in a no man’s land again. Let’s keep these key points in mind. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
XRP just fractions of a cent away from hitting the dbl bttm trgtthe green horizontal was the double bottom neckline. the dotted green target is the measured move target from the point of breakout above the green neckline to the measured move target….as we can see mere fractions of a cent from reach 100% of the target! Should hit on this follow up candle. I would also not be surprised to see this follow up candle retest this purple line. If we can retest this purple line as solidified support for enough candle closes then we can then look forward to the next higher measured move target that ends at the room at the dotted ascending purple line. Wen price is this close(less than a pip) it’s close enough for me to proclaim target hit! This should help us confirm the break up from the monthly symmetrical triangle pattern before too long *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
Ethereumm just hit the white descending channel target!Target Hit! You can see here the measured move (dotted white line) taken from the point of the breakout from the white descending channel. Been watching it since November, but it finally hit its target with exact precision! Hard to tell if it will cool off much now or continue to climb…the pink rising channel has a measured move slightly higher than this and it looks like it has broken up from the rising channel too which is never a good signal for bears if a bearish pattern breaks upward. *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
DXY candle does 180 reversal after hitting exact breakout targetThe breakout target from the falling wedge was 105.6 . As you can see by the big red wick as soon as the dxy price reached 105.6 it did an abrupt reversal and morphed into a big red candle. Still a chance in the coming days it could rebound and still retest the 50ma or even reach the dotted tan lines target. However the exact precision of it flipping once it reached the falling wedge target inspired me to post a chart just to reaffirm that once again, TA Works! Target Hit! *not financial advice*
TVC:DXY
by DrDovetail
MSFT: Crashing? Yes. Scary? Nope.• MSFT just hit our target at $228, as it did exactly what we expected since our previous public analysis on it, almost a month ago (the link is below this post, as usual); • Despite the high volatility, this movement is very technical and not surprising at all, but in order to bounce again, MSFT has to react as soon as possible; • The problem is that any bounce will face at least two resistance levels in the daily chart: First the $238, second the 21 ema; • Only if MSFT breaks these key resistances it might do a clear reversal structure; • If not, we can expect a continuation of this bearish sentiment all the way down to $212, the next technical support level; • Therefore, let’s pay attention to the $228 support, as now would be the best time for a reaction. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:MSFT
by Nathan_The_Finance_Hydra
2
NVDA: BULLSEYE! 🎯 What to expect from here?• Yes, we nailed the 61.8% Fibonacci’s Retracement in the weekly chart. We set this target on my previous public analysis on NVDA (the link is below this post, as usual); • Now, it seems NVDA is trying to react above the retracement. In addition, it just filled a gap around $142 (daily chart), which did work as a support level on Dec 29 – 30; • So far, there’s a bottom sign, but not a reversal structure yet. The trend would technically reverse if NVDA breaks the 21 ema in the daily chart – so far, the 21 ema is above the price, pointing downwards; • On the bright side, there’s a Hammer candlestick pattern in the weekly chart. As Bulkowski’s studies reveal, Hammers have 60% chances of reversing the trend, therefore, this might be a catalyst for NVDA; • On the other hand, what could trigger a bearish continuation for NVDA? If it loses the 61.8% again. In this case, the next technical support level is the $129 (daily chart); • I’ll keep you guys updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
TSLA: Finally hit $126! Next Key Support/Resistance levels!• TSLA finally hit our target at $126; • So far, there’s no technical bullish reaction indicating a bottom or that TSLA will bounce/reverse; • In this case, the next support level to aim is the $110, as evidenced on the weekly chart above; • However, if we see a bullish structure just above the $126 support, TSLA has the potential to bounce and seek higher levels – this wouldn’t reverse the main bear trend, but could be the beginning of a reversal; • If it reacts, there are many resistances on TSLA that we should be aware, like the 21 ema in the daily chart, the red trend line, the $166 (previous bottom in the daily chart), and the $155 (previous resistance in the weekly chart); • Clearly, it won’t be easy for TSLA, as the trend is extremely bearish. Let’s just pay attention to these key points for now. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
AMD: Around the 61.8% Retracement! [Target Hit + New Key Points]• AMD is crashing today, and it is rejecting yesterday’s bullish reaction; • What’s more, it behaved exactly as we described in our previous analysis on it: It respected the first retracement at 38.2%, but when it lost it, it just dropped to the 61.8%, ignoring the 50% retracement – This pattern happens most of the time; • In the 1h chart, AMD is losing the 21 ema again, and it seems it wants to fill the previous gap at $62.84 (red line); • It is still above an important support area, made not only by the gap mentioned above, but by the 61.8% Fibonacci’s Retracement; • There’s still time for a bullish reaction, but so far, the price action is not confirming any bottom sign in this support area; • If AMD loses the $62.84 area, the next technical support is around $59 - $58 (blue lines); • AMD is in a short/mid-term bear trend, as it is just doing lower highs/lows in both, 1h and daily charts. There’s no bullish reversal structure on it as well, but if AMD is about to react, now is the perfect time. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
SPX: Gap filled, another target hit! Next KEY POINTS!• The index filled our gap at 3,818, which was our target since my public analysis on Dec 15 (link below, as usual); • Now, it is trying to lose this technical key point. In this scenario, the bear trend will just continue, and the next technical support is the next bottom at 3,744; • So far, there’s no evidence of a bottom on SPX yet, as it lacks bullish reaction; • If SPX reacts, it could easily bounce again to higher levels, but as long as it stays under the 21 ema in the daily chart, the trend will remain bearish; • We see five bearish candlesticks in a row, which is quite uncommon to see. Either way, the 3,818 is still a key point, as if the index reacts above this area, it still might work as a support. • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
QQQ: BULLSEYE! Gap filled. What's next?• QQQ hit our target, as it filled our gap at $268.50 (red line); • We set this target on our previous public study on QQQ, on Dec 15 (link below this analysis); • QQQ acted according to the technique so far, and there’s no clear bottom sign on it yet; • If QQQ actually loses the red line, the next technical target is the next bottom at $259.08; • Only if we see a good bullish reaction, and QQQ stays above the support at the red line, we might see a bounce on it. In this case, the 21 ema is the next technical resistance; • Either way, QQQ looks interesting. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
AMC: Hit our CRITICAL SUPPORT LEVEL! What to expect from here?• AMC hit our support level at $5.05, which I mentioned in our previous post, here on Tradingview (link below this analysis); • Now, it seems it is stabilizing, but we don’t see any bottom sign yet (not confirmed, at least); • If AMC does a bullish reaction above this support, we can expect a bounce, at least, to the 21 ema in the daily chart; • A bullish reaction could be any bullish candlestick pattern/structure above this key support; • On the other hand, if it fails in react around the $5 support, AMC would seek the next support around $3; • Either way, AMC is in a critical situation, and it is an interesting to put on our watch list, as regardless of what happens, it has a lot of potential; • So far, AMC’s movements have been easy to read. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
2
SPX: We nailed another TARGET! What's next?• The index hit our target at 4,083, as it behaved exactly as we expected yesterday, but it seems it is losing strength now. The link to my previous analysis is below this post, as usual. • So far, it is doing a Shooting Star candlestick pattern. Considering it is just under a key resistance, this might be a top sign. • The trend is still clearly bullish, and any pullback to the 21 ema, or even to the 3,974 is acceptable, and would just be an opportunity to buy. • Only if the index drops below this dual-support area made by the 21 ema - 3974 it would frustrate this bullish sentiment. As long as it stays above it, the bullish bias will persist. • What if it breaks the 4,100? Then the 4,200 will be the next resistance to work with. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3