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Short Update ETH/USDT 4H INTERVALWelcome to ETH Updates. As we can see on the four-hour time frame, the price is moving above the local uptrend line. Please see that price has moved up from the resistance at 0.786 FIB, when it positively tests this area, we could see another upward move to the resistance at $1353. At this point, however, it is worth looking at the CHOP index, where we see depleted energy, while the RSI is very high, which may indicate a healthy price correction, to the levels of $1286, $1260 and even $1239.
by cryptodailyuk
3
BITCOIN FUTURE PRICE BULLISH🔋🔋On October 22, we said about the price increase. The prices of the dollar index went down. we expected bitcoin prices to rise. That's not all, if prices start to rise soon, bitcoin means that the hashrate to mining revenue ratio of $25,000 will reach an all-time high, which means they continue to invest in infrastructure despite very little mining revenue BTC in dollars. Historically, miners have been underwater in the short term, but have never failed in the long term.
COINBASE:BTCUSDLong
by mmakerinvest
2
When will SPY Bottom?Here is my thesis: If we could potentially retest the 360 area then I believe a head and shoulder breakout is possible and could be the potential bottom… but again we want confirmation. If price action can break above 30MA and pullback that will also indicate a reversal and maybe a potential bottom… If you look closely at 2022 price action, every breakout of 30MA has been rejected in the following weeks… so this will be a fundamental level to watch. Have a great day fam.
AMEX:SPYLong
by bonytrades
4
Bitcoin warning🔥VOLATILITY IMMINENTWe said the prices would come down a bit, but I can tell by looking. we are facing bear market resistance. That's not all, if prices start to rise soon, bitcoin means that the hashrate to mining revenue ratio of $25,000 will reach an all-time high, which means they continue to invest in infrastructure despite very little mining revenue TC in dollars. Historically, miners have been underwater in the short term, but have never failed in the long term.
COINBASE:BTCUSD
by mmakerinvest
SPY - Impulse Wave ProjectionsWhile the market appears vulnerable to rising interest rates and the possible recession, We continue to remain in a wave 2 corrective wave with a possible C wave still yet to come. My current equity positions consist of Jan 24 covered call positions for dividend generating stocks. Additional protection is added with March SPY put spreads. Should this analysis prove correct, the coming Wave 3 can be quite powerful. In wave theory, Wave 3 cannot be the shortest wave so one can make an initial assumption that wave 3 will at least equal wave 1. The move could possibly result in a 100% gain from the eventual wave 2 lows. Contemplating some current weakness but longer term gains, I am adding a 10% position in equities that drop 10% after the initial purchase. Thus far, this as proven to be a good strategy with GOLD, PAAS and INTC. Each fell 10% after the initial purchase but have rebounded nicely. Adding on to the positions in this manner at least leaves me with longer-term exposure should these dividend=paying stocks be called away.
AMEX:SPY
by AssetDesign
Potential for STELLANTISOverall I'm probably bullish on Stellantis given the current trend. The 15€ level is particularly important since it has already been touched in mid August and acted as a strong resistance rejecting the steep bull-run fueled also by the Q2 results that outperformed analysts' expectations. If that level is broken with decent volumes there might be some potential in the long run. I think it's interesting to consider this current trend also with respect to an overall car sale shrink world wide. Stellantis is growing even if sales are down in Europe and in Italy as well, two of the carmaker's main markets. *** This Content is for educational and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. ***
SLong
by SteveEnnom
1
Cup & Handle Pattern confirmed?I originally bought this stock early in 2019 thinking it was breaking out of the same pattern I'm illustrating now so I could be wrong again (I'm not buying more here), but I held through that initial shakeout and continue to hold and am encouraged by the recent price action in this stock. (I hold a small position in this stock - only 85 shares in my Roth IRA). Looks like it might finally be ready to go for the move I thought would originally happen. That said, there is an immediate long-term support resistance hurdle to cross just a couple dollars above current price. On the long-term chart which I'm using, you can see price is starting to get ahead of itself, it's getting pretty high above the uptrend line. I'm hoping that means it's starting to go parabolic, but usually it means a short-term pullback is in order. It's probably a lot of risk for a short-term investor but my initial stop loss would be just below $14. If price got below that it would be a very bad sign and likely a failure of this long-term chart pattern as it would break the uptrend line and break below the strong red candle from May 2019. I'm a long-term investor so I don't mind taking on more risk - I'm not playing for peanuts, I'm trying to hit home runs which usually take time and the everyday price swings don't get me going too much, I'm more concerned with the price action on the long-term chart pattern. This is not advice, just a simple observation of a long-term chart pattern, I haven't really looked into the fundamentals of this stock at all and therefore, decide for yourself and trade at your own risk.
NASDAQ:FORMLong
by PatientContrarian
1