Summary: Main bearish trend (dotted teal downtrend line) Reversal attempt in progress (purple uptrend line) 200-SMA breakout in jan-2023 Failure to continue the breakout (failed bull flag - orange lines) Arrow #3 as a good entry option for a bear trade. Possible beginning of a new bearish leg, aligned with the main trend Possibility to...
Here's the global - main - trend of Bitcoin from the Bitstamp chart. We see a channel forming here. Now Bitcoin is near the support zone. All the main details by my view are shown on the chart. Still not all the details, not to make the chart messy. Locally(from the perspective of the monthly chart) we see a down trendline forming here(orange). We can...
NYSE:PWR $PWR Analysis Breakdown: 11JAN2023 Relevant News : Quanta just scored a new contract for huge construction and optic fiber placement in Colorado. Financials : Looking at statement of Cash Flows we see Quanta is using reinvested operating income into company asset's last year to pay current debt and lower debt-equity ratio, still exited with 30+...
We see a divergent pattern in terms of price in the main trend according to the higher time frames that after the last major bearish wave, we are retracing to the 0.78 Fibonacci level , which can give its last warnings to the buyers, before falling towards the main support areas, and in this case, we can only consider selling transactions when we see (BOS) in the...
Good day! If ETH breaks below descending triangle, the price will very much likely re-test the main trend-line. It might re-test the support as a resistance and then fall back to the turqoise line in the bottom. Please do your own research and as always, HAPPY TRADING HUNTERS!