The downtrend of the EURAUD, which commenced following a reversal indicated by the Head and Shoulders pattern, looks poised to continue sliding lower. This was indicated by the recent Dead Cat Bounce from the 61.8 per cent Fibonacci retracement level at 1.57112. The price action is now likely to head towards the previous swing low at 1.52680. This is part of the...
Following the completion of a Dead Cat Bounce, which is a type of pattern that indicates strong bearish pressure, the price action of the EURUSD is currently pulling back to the 61.8 per cent Fibonacci retracement level at 1.15871 from bellow. Once the pullback is completed, the broader downtrend would likely be extended lower towards the previous swing low (at...
Ankr just had a nice run up but it looks like a Dead Cat Bounce (DCB) may be at play comparing it to the last pump. Remember the 786 fib line with a DCB. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't...
As you can see, it is going down fast, really fast !
As we can see, we fall on the 61% which is often the dead cat bounce level or the B wave in Elliott Wave. The stock market is probably ready to make a major correction soon the Evergrande news can make it faster. And we have to remember we have some single print in 19.8k to 21k (this is price was hit only a single time which market often retest.) without talk...
CME:SP1! AMEX:SPY CME_MINI:ES1! SP:SPX SP:SPX the writing is on the wall we will fall from .6 or .7
Hello traders and investors! Let’s see how the SPX is doing today! Breaking the short-term bull trend, the index is seeking its next support levels. We lost the Pennant downwards, along with the 21 ema and the 4,394. The 4,351 is another good support candidate, which is holding the price for now. Our last support level is the 4,305, and below this point, we...
Hello traders and investors! Let’s see how the SPX is doing today! The index is doing exactly what we said it would do in our previous analysis, as it lost the support at 4,435 (1h chart), turning bearish for a few days. However, it is trying to react, and this reaction came quite quickly. Since the index lost the purple trendline we knew that the bull...
Hello Everyone, Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals: 1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving...
My view on #bitcoin non-religiously considering the simple facts. Short-term we are going to be ranging between 200 DMA and 21 WMA, with strong rejection from 200 DMA sealing the faith of this dead-cat bounce. From S&D perspective #bitcoin is now completing the rally-base-drop reversal pattern perfectly. I will be saving all money I can to buy the 200 WMA. As...
we found a few alt coin short entries over the last few weeks and they are looking pretty good about now now BTC maybe offering us a dead cat bounce. it's a very late entry on the big coin itself but it's what we'd look for after a big move like this so expect a continuation between the 50 and 61.8 retraces
This run up from 29k has been fast paced and well accepted by most. Most are certain downside isnt feasible at the current state as BTC is so bullish however given confluence at 54k mixed with a few other indications , i feel our current position is not going to be held for long ! Mapped out are two price ranges highlighting the drop size required to go to 27k ....
Roku bounced really well at the strong support zone and also changed the trend to bullish "U" on the daily and 4HR chart.Previous Resistance that turned into support $351 is crucial indicator of reversal. Making daily higher highs and higher lows gave it a confidence bounce upside. If it can hold at EMA 20 with volume, it can easily hit back to $360. Bullish...
Hello traders and investors! Let’s take a look at NIO today! Since it reported earnings, NIO has been in a bearish momentum, and it seems nothing will reverse it. The last support was at $ 38.66, and NIO lost it, but what does this means? We are still far from May’s bottom at $ 30, and since it dropped that sharply, it has good chances of bouncing back up, but...
As previously stated 47k is a big psychological level and also adds confluence to a massive wedge that's been in play since the 5th with the upper resistance starting from the 12th of July. This is another tipping scale moment for BTC where either direction will be big. Mapped out are three possible short scenarios stemming from different areas however they have...
The previous trend line resistance for the wedge is now acting as support as go into the mid and upper 40's. This is normal for a s/r to flip however what I find weird is the candle we saw earlier dipping inside the wedge and bounces off the support. Previously I had stated that the 10-11th of august is a deciding day for BTC as we are likely to test the 200dma...
Money Flow and Bear Markets... Consolidation? I dont think so. Till clear proof of contrary i stand as bear, since May. Check TAs below. Good luck!