Hi guys! This is a Technical Analysis on this relatively new company Informatica, Inc. (INFA). But the focus is not the company but rather on finding these specific trends in price action. This analysis is done on the 1 Week timeframe. Main takeaway is that its powerful to be able to identify when Price action reaches a Major Resistance or Support level. It can...
Potential expanded ending diagonal scenario for this asset. Price action is likely heading downward to made an interesting and profitable 3th wave of the expected bearish impulse wave 3 of that triangle / megaphone hypothetical scene. Key levels for watching on that 30m chart, plus Chaikin Money Flow divergences. Bear flag breakdown expected for soon on 4h chart -...
BNBUSDT bearish scenario on 4h chart. Price action expected as a bear flag pattern breakdown, plus reciprocal AB=CD harmonic pattern plus Chaikin Money Flow bearish divergences in confluence w/ greater demand zone.
Hypothetical scenario for the price action based on a possible wave count aiming demand zones and important levels to watch during the expected price decrease.
BNBUSDT up-to-date. 222 USDT is on the table for this asset. CZ coin is about to drop to fil the most profitable leg downward to draw this beautiful pattern on an increase of confidence by the bear side, aiming the great demand for the bottom zone.
In May 2022, the major structure at 29K was broken and a 1 month trading range formed at the support level until it was finally broken to the downside. By measuring the distance from the all-time high (ATH) to 29K and applying it to the downwards target, we can calculate a potential target of around 12K. Using the Fibonacci retracement tool from the start of the...
In the chart I have provided an analysis on the following points: 1. Confirmed Supply & Demand Pockets (Total of 2). 2. If side movement continues past February 28th chart would be invalidated. 3. Break above $20 would confirm break of downward trend & place us in supply territory for Fibonacci.
In continuation of the downward price trend, with BOS and collecting liquidity below the upward trend line, bearish transactions can be observed in the block order area.
Blok has just broke the key support line, we are still bullish, as we are way above the 618 fib, but expect some downwards momentum for the time being.
It looks like we're on a long-term downtrend on the weekly timeframe. BTC has been closing on lower highs every week since it's ATHs. Some support areas to watch/trade as it tests this trendline are: Zone#1: $43-44K Zone #2: $39-40K Zone #3: $30-32K Zone #4: $19-20K
USDJPY looking to go down after a huge upward spike. good time to sell
APHA is volatile, but I like its long-term prospect and its current technical setup. I believe APHA has a good chance of breaking through its long-term downward trend. For the more conservative play, buy on the retest after the supply zone becomes the demand zone. Just my two cents. Not the investment advice.
Ascending channel failure The ceiling is lower than the previous ceiling downward trend
There is no sign of waning selling pressure yet and lower high/lower low structure has been established. Bounce back is weak after the selloff. Mostly likely scenario is for the price to come back down to the demand zone first. Then, we go through a period of consolidation before the price takes off again.
As you can see there is a downward trend in USD/CAD this is the best time to short this pair. It is following a trend of lower highs and lower lows.
Short it at the supply zone (132 to 140) and close the position at the target lvl coincides with SMA 200!
The MACD shows a downward trend in T since February 24 when the indicator turned negative and continues drop for now. The signal (white line) is not close to the indicator, so it should continue its trend for a few days.
Update: changed my lines around a bit and through in a schiff pitchfork for reference to levels. Looks like we are going to be consolidating at this price range for the next ~3 days. What does this mean for Bitcoin and the ALT coins you may ask? We most likely will see a rebuild up of Bitcoins markets cap putting its price back up t ~8,800-9,200. If Bitcoins...