Bullish Long for DJTDJT's tremendous buying volume today pushed the stock price to $32.17 (+18.43%). A golden cross formed on the hourly chart on October 8th, and if DJT keeps its bullish momentum, a golden cross will likely form on the 4-hour chart in the next few days. The weekly chart shows that October holds the strongest buying volume for the year. This should help DJT play at a higher value.
Fundamental Analysis—The surge is likely due to interest and support for Trump's upcoming presidency. This is what happened in March 2024. DJT's value rose due to the loyal base of Trump supporters. Analysts labeled DJT as a meme stock, trading more on social media buzz than traditional financial metrics. Knowing these fundamental analytics, I believe DJT will find great value and performance depending on a Trump victory.
20ma
Update on BTC Inv head and shoulders pattern.As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since it never did on the initial breakout above the neckline, but its also fairly probably that the 20ma or dotted measured move line can hold support. We will find out most likely before mid june if there will be any deeper correction before resuming the uptrend *not financial advice*
Will Resistance Hold? We got to 3800 yesterday and it's really testing resistances at this level. So do we move higher from here? If you look at the DOW, it's actually above it's 50 MA and at resistance as well. And yet, 74% of stock are still trading below their 50 MA. We are still in a Bear Market, so we have to remain Bearish. Did you look at the volume we had yesterday compared to Friday? The amount of volume we had yesterday was about half of Friday's. Also a cautious sign.
Still sitting on my hands and waiting for a clearer picture. Remember, 90% of trading is patience. Overall, I think Markets still expect the Fed to stay on track or even slow. Google is to announce earnings today, and Microsoft after market close. We could just hang out in this area today, push higher (because the market still has room to go higher) or volatility can start to kick in. Be patient and trade the market in front of you. Happy trading everyone!
Possible double topA possible double top that may lead to a bearish reversal sending the EUR down. Around 75% of the time double tops lead to bearish movements and about 83% of the time they break the neckline. Usually strong bullish moves leading to the second peak force a strong downward movement. Looking at the 4hr chart the trend is moving down with the 20 moving average crossing below the 50 moving average.
RTX - Raytheon TechnologiesRecent breakout, pulling back in an orderly fashion to the 20-day line, exhibiting relative strength to the market indexes as they continue to falter.
Look for a bounce off of the 20-day line that clears Tuesday's (2/22/2022) high with a stop loss just under Tuesday's low.
CRO symmetrical falling Triangle, possible breakout incHello!
After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal.
Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point!
If it, however, falls below the triangle that will be a bearish sign and it might form a downtrend for the future, falling to the levels in the chart.
Remember, this is not financial advise,but rather my own idea on how it CAN play out!
TP 1: 0.398
TP 2: 0.42
Remember to use SL, always!
Happy Trading,
Bitcoin about to break out after >200 days of consolidation 🚀🚀Intro:
- Bitcoin is the first of its kind as cryptocurrency using blockchain technology and is looked at a store of value like gold , just better.
- Bitcoin will help the people to bank themselves and gives some power back to the community.
- The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile.
Comments:
- Today we look at the broader picture and zoom out of the chart. Once we do that we recognize that exciting times seem to be ahead.
- The last >200 days basically represent a large consolidation phase where we move between the two thick green and orange price lines (between 30k and 63k).
- For this structure it is absolutely normal and expected to see a bullflag that acts as consolidation and accumulation right under the previous ATH that acts as resistance.
Daily chart:
- Price shows that we are in a consolidation phase below previous resistance since roughly 20 days. This corresponds 10% of the large >200 day consolidation phase and is totally in line.
- Volume is on a steady decline since Mai. This supports the idea that we are in a large consolidation and accumulation phase.
- RSI analysis shows that we face again resistance that follows the yellow line similar to the previous one. This supports the 20 days consolidation phase.
- Moving Average: The 20MA comes to help and can act as support to finally breakout of the large consolidation phase.
- Support lines are at 59k$, 41k$ and 30k$. The top of the parallel channel can act as support as well.
- Resistance lines are at 63k$. Afterwards we are free to fly.
Expectation:
- We expect a price breakout within the next two weeks. A possible price continuation is drawn with a blue arrow line.
- Now after the approval of several Bitcoin future ETF's in the US we expect that many will follow and even more people and institutions are exposing themselves to Bitcoin.
- End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Looking pretty weak... Will it do something? 🤔We have been moving sideways for a while now, and we have a support at 89. I see nothing amazing here, but I agree that if we see something very good around, it can be a buy. The problem is that the momentum is not the best.
AMD is pretty weak, and if you look at the 4h chart, it is disappointing:
We have an advanced breakdown in the 4h chart, and this ruins any bullish thesis. We are under the 20ma and it feels like it must do more correction.
If it drops to the 87, we can start thinking about AMD again. For now, I’ll be on the sidelines.
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Melissa.
Another trade on MSTR? 🤨Well, maybe MSTR will give us another good chance to trade it! Recently I traded MSTR and made the trade public to you, just check it here (not all my trades are public, as I do many):
This was a very easy trade to do, and MSTR is doing something good again! The breakpoint is the 625, and the target will be the 690. If we lose the 594, then the trade won’t be valid anymore.
We are jus above the 20ma/redline in the D chart. The 690 is the recent top area. Another high risk/high reward trade!
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Melissa.
As another request, my view on XOM! 👀As @tomgjuraj requested, I’ll share my view on XOM with you today!
We do have many interesting signs. We have a RSI divergence, and we are above a support area. We don’t see any buy sign, and the 20ma is a resistance, but if XOM breaks it, then we might see a rally.
XOM is pretty oversold in the 4h, and e are above the support. If it break the 20ma in the 30min, it’ll be a good sign. We are outside the BB, and if XOM closes inside it again tomorrow, I think it’ll confirm a rally, maybe to the 63. This is about 5%.
It is worth to watch these points on XOM for now and see how the price will react.
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Melissa.
I told you the $ 13 was our next stop. 😉And some think TA doesn’t work! WISH did exactly what we talked about in my last analysis: Corrected to the 13, because it was our next support, and it is also at the 20ma in the 4h chart.
Now we do have a good reaction, as we expected, but we must wait for the confirmation.
If WISH breaks the 13.67 I see this as another buy sign! We have a spinning bottom just above a bottom area. I told you we would see something interesting! Now, let’s just wait for the trigger. I'll update you guys every day about it!
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Melissa.
As requested, what I think about NNDM! 👀As @rktraders requested, here are my insights about NNDM!
The 8.15 is an important support to watch. It is still in a bear trend, and there are nothing saying it’ll reverse, for now, but if it breaks the 8.15, it might just drop more, maybe to the 7.40, so be aware of this point.
Another thing that tells me that the area surrounding the 8.15 is important is the 4h chart.
We are just above the 20ma, after a pullback from the 9.29 (almost 9.32, the previous support), and we are above the 8.18, one of the previous tops.
NNDM is doing a lot of precise movements, following the TA principles pretty well. Now is the time for a reaction on the stock, otherwise, it’ll just keep dropping. At the first green candle you see in the 4h chart, it’ll be a buy, in my view.
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As another request, here are my thoughts on HIMX! 👍As @hector158 requested, here are my thoughts about HIMX!
We have a bull trend, but last time the RSI was that overbought, it did a pullback, so let’s keep this in mind. If it loses the 14.94 this pullback will happen.
But the 4h chart is not overbought yet, and if the 14.94 holds the price, HIMX will just hit the next resistance at 16, which is a target now, that triggered the pivot.
We have an inverted head and shoulders pattern here too, and this is interesting.
HIMX looks good, more bullish than bearish. If it does a pullback, ok, but it must not lose the 20ma in the 4h chart, because this will cancel the bullish thesis.
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Melissa.
Could NIO keep climbing? 🌈 ☀️The something incredible we were saying last week happened today! The BB are spreading again, and NIO is back to the world of living, after being dead for some days.
We are breaking the 46.19 from below, an impressive movement, and this was the condition for a bullish reaction as we also talked about last week.
Now what?
NIO closed the gap at 49.16, but the RSI is not overbought in the 4h chart. This tells us that NIO still can climb more. The head and shoulders pattern wasn’t triggered, and it is not a threat anymore.
This reaction occurred above the 20ma and the BBs are spreading here too.
All of these are great signs for NIO, and it seems it’ll keep climbing, until we see something new around.
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Melissa.
As requested, my view about CLNE! 👍As my follower @shermaine2000 requested, I’ll analyze CLNE today!
There’s a possible V-shape recovery on progress here, target at 10.97. The RSI was oversold, and this favors our idea here. What’s more, it just hit the support at 10.50.
But there’re two problems: The 20ma and the 10.68. Both points can make the price struggle, and this would ruin the V-shape thesis, if we close under these ponts today.
CLNE must quickly break these resistances, or it’ll just hit the next support, at 10.21.
The chances are that we’ll see a bullish run next, the question is: When? The RSI was oversold in the 30min, but in the daily chart it is just ok.
The 10.21 is a bottom for CLNE, and the 20ma is close to this support too. I would say that CLNE is more bullish than bearish, and I’ll set at target at 14. The challenge is in the resistances in the 30min, that could make it move erratically in the next few days.
This is my honest view about it. I hope it helps!
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A lot of interesting patterns around! 👀This chart is pretty easy to read. NIO has a pivot at 45.97, and it it breaks this point, it’ll trigger this pivot, and possibly an inverted head and shoulders. This would be awesome for NIO, and it could seek the 50s again.
Also, it is curious to notice how the red line, a previous support line, was a resistance today. The market always remembers some breakpoints.
Like the red line wasn’t enough, this price is at the 20ma in the 4h chart, and we have an advanced breakdown on the RSI. Together, these indicators can make NIO drop a little bit more.
Either way, it must not lose the 43.89, as this will trigger a bear trend. Let’s focus on the points mentioned here and we’ll be fine. 😊
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Let's watch MSTR! High risk - high reward! 👀MSTR just went down to close a gap, and now it looks like it wants to react. In fact, now is a good time for a bullish reversal, as we are near support levels.
The problem is the 20ma, but the 4h chart looks interesting:
We hit a support level, and now we have a hammer candlestick trying to reverse the trend. The RSI was overbought, but after today’s drop, it is back to normal.
I wouldn’t say it is a buy right now, but we must keep our eyes open. In the daily chart we are just above the 20ma:
If MSTR breaks the 560 again, it can go up for the 650 next. But if it loses the 513, then it’ll keep pushing down to the 420! . Let’s wait for a confirmation here on MSTR! Also, with the proper risk management, everything is possible ;)
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Melissa.