**Brief News Update:** AMD will host the "Advancing AI" event on October 10, 2024, where it will unveil its latest Instinct MI325X AI accelerators and 5th generation EPYC processors. These products target high-performance computing and AI applications, with the MI325X offering up to 288 GB HBM3E VRAM and 6 TB/s bandwidth. Updates for the Ryzen AI PRO 300 series...
**NASDAQ: COIN (COINBASE) 1W/1D** On the **Weekly timeframe**, : In my previous analyses ( ) the Golden Cross on the daily moving average was noted, indicating bullish momentum at the time. The price was in a Rising Wedge formation, a pattern often signaling an upcoming downward move, especially in the context of an Elliott Wave count where we were in Wave 3....
i've used the Bitcoin chart on Binance because data shows me on coingecko it has the highest trading volume. **On the Monthly timeframe,** , bearish divergence on the WaveTrend is spotted. even when Using another indicator like the RSI or MACD it will reveals the same divergence. This downward pressure is reflected in the current price action. The Fibonacci...
This is what I'm looking at for BTC at the moment. Double Tops are in the back of my mind, keeping an eye on that neckline. It could be a Higher Low, but there could be a Liquidity grab in the scope, printing a Lower Low. in overall This is a healthy correction in my opinion. Check the grey % measured from the top to the EMA 50. Somehow, the good corrections...
On the daily chart, I'm drawing a resistance line from the All Time High #ath. Currently, the price is below the Moving Averages. At the bottom of the chart, there is an extended W-pattern with a characteristic Adam & Eve formation. In this pattern, Adam is represented as a V-shape, followed by a rounded shape representing Eve. If the price breaks out above the...
On the monthly chart: We can observe an upward trend channel between 2011 and 2019. During this period, the price remained above the MA50, and a breakdown below this support line of the channel resulted in a prolonged consolidation phase. In 2021, there was a final push upwards, leading to a new All Time High of $147.80, after which the bears took control. The...
on the daily timeframe, the price is approaching the support line of the rising wedge, which, if broken, could indicate a potential drop. Also, note that there's a gap just below the 0.5 of the Fibonacci, which is begging to be filled. A drop to the order block ($550) could result in a bounce. A previously occurring golden cross followed by support found twice on...
Looking at the weekly chart of ASML since January 2021, the price reached an all-time high in November 2021, followed by a downtrend. A bottom formed around €400, with a low point of €372. Regarding the pattern, a W-formation seems more appropriate than a Head and Shoulders pattern, given the left shoulder dips rather deep. The upward trend within a somewhat...
On the daily chart, it can be seen that Tesla is currently in a V Bottom pattern (usually bullish). The price has formed a bottom and the bulls were able to recover it at the same pace, although a gap was left around HKEX:150 that has not been filled. This imbalance is often filled, but it is not necessary, but it is something to keep in mind. In the event of...
After a sustained rise, a small bearish divergence seems to be on the rise to bring some cooling down. This along with the ABC I have in there could bring the price to the current point of control (taken over the major uptrend). In case the Bulls have a taste for it and push through to break the resistance line of the triangle of the bigger picture it is...
Cardano made a nice push up and Now on the hour a trapped in a symmetrical triangle. 50/50 breakout chance and pay attention to the MA50 on this timeframe we are dancing around it now. Should we really get below it with a clear rejection then that could bring the price further down. Both the price target of the symmetrical triangle and the MA200 meet with it. Yet...
On the 6H a BARR formation (Bump & Run Reversal) A sideways price action followed by a sharp drop which then sets course towards the Lead in line. When the price breaks the Lead-in line it is desirable to spot a re-test to make the RUN... Target red box around $18 it looks like a bounce on the previous support line was there in case of losing that support...
The price of ICP Internet Computer appears to be locked in a falling wedge on the weekly time frame, which means that the price is in a downward spiral that is tightening to the downside putting more pressure on the market and eventually a breakout will follow. On the RSI a slight positive divergence and the MACD which has been up for some time but is still below...
The price of ICP Internet Computer appears to be locked in a falling wedge on the weekly time frame, which means that the price is in a downward spiral that is tightening to the downside putting more pressure on the market and eventually a breakout will follow. On the RSI a slight positive divergence and the MACD which has been up for some time but is still below...
Vechain in a scallop descending but also in a Descending triangle. it quite looks bearish but the Bullish divergence hasnt played out yet. be aware that the support allready had 2 fails but bulls brought it back in the formation. take an eye on the Bollinger Band which fits perfectly in the triangle. the MA50 covering the resistance line of the triangle as...
Starting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag . I zoom in on...
Starting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag . I zoom in on...
Starting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag. I zoom in...