Could it be the best moment in almost 3 months to buy AMD? Seems that way as the price decline stopped at a significant demand zone and has been accumulating for quite some time. Im expecting the price the reverse from this area and test $152. And if successful, we will see a continuation to $169.
After a strong reaction from the demand zone and a successful retest of $56k support zone confirmed by a daily close in green, we can more or less expect the price to go higher and start testing $67.5k supply area. If it is breached, the next zone would be $71.5k.
It looks highly likely the price will reverse from the current daily support zone and test the first daily supply zone at around $20,000. -If price gets rejected at that area, it will likely mean the price is forming Head and Shoulders pattern and will continue the bearish movement all the way down to $18,500 area. or -If price breaks out from the supply zone,...
Expecting the price to rebound from the current demand zone and test $87 area. If break out from that supply area is successful, the price should continue to rally to $90.
The price is retesting the support area after a brief breakout from the demand area of the trend line, thus creating a higher low. We can expect the price to continue trending higher to the demand zone at around $0.92
Expecting the price to fall from the supply zone to $1.247 demand zone
Looks like Natural Gas is trending in a channel and just landed on the its support area. Theres a high probability the price will reverse from this area as its been consolidating there for quite some time now.
The price is struggling to break out from the last supply zone and its probably going to reverse and fill the imbalance gap all the way down to $17200.
Gold flipped $2310 resistance to support zone after a brief break out, and it clearly shows how the price is following the trend line. Expecting the price to retest $2400 - upper limits of the triangle.
Current global events are stoking fears of oil prices reaching over $100 before autumn. In these market environments its better if we look for buying opportunities like right now. $81 demand area was strong enough to hold the falling prices and its a confirmed buy if the price breaks above $82 and retests it once again before rallying to at least $85 supply zone....
The last two times SWB:69K -$62k supply zone proved hard to break through and the rally reversed. This time seems no different as the price got rejected 3 times and is now completing a small retest of local zone of resistance at $66k. Should the price get rejected at this resistance, Im expecting a freefall to the next support area at GETTEX:52K
The price settled on the demand zone appears to confirm the trend reversal with current jump in price. Expecting the price to test $125, and if successful, to test $131
The daily candle closed in green and appears to confirm the double bottom formation right on the convergence of two support lines - support trend line and psychological demand area at $155. Expecting with high probability to continue to follow the trend line and retest $162 zone.