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Technical-analysis

Technical Analysis for AUDUSD - H1 Timeframe - December 29, 2021- AUDUSD is below MA and below Pivot Point. RSI is below 50 level. Down Trend is observed. - Price is following upward triangle but could not sustained above up the top trend line, reversing from here will make it move downward. - Good example for consolidation at top with narrow range is formed. - Alternative Scenario – One can wait for it to check S2 - 0.72073 (Horizontal Line) Below that intraday down trend may start. - Watch out levels for intraday trading.
Short
by ProspireWealth
Bitcoin and Altcoins technical analysis.Hello everyone, welcome back. last few days been great days for traders, bulls been taking over the market and we saw some great pumps on different coins, lets checkout bitcoin to see whats going on here Bitcoin managed to break the downtrend channel, failing to go further down from 46k and with a breakout and pull back to 48k level, we saw a great bullish move helping us toward reaching the 50k level. checking out the daily chart candle by candle you could see that we have a good momentum right now, meaning that this move is going to last for now. *use the chart above for major support and resistances level.* Now currently bitcoin is forming a trading range between 50.4k and 51.4k, meaning that its gonna be here for a while. after that I expect a breakout causing the price rise to 53k level. Now lets take a look at BTC.D chart and see whats going on. as you can see BTC.D is at the bottom right now and candles are looking weak meaning that we are probably going to go back up. a simple rule about BTC.D is that when Total market cap is rising and BTC.D is going down or staying down, this means that Altcoins are going to go up, why ? its simple because the money that is entering the market is not spent on BTC, so its spent on other coins. now what happens when BTC.D goes up? well simply, money is taken out of alt coins and spent more on BTC, causing btc price to go up and alt/btc pairs to suffer. now should we sell our altcoins and buy btc? not exactly, there might be some good alt coins going further up based on their fundamentals or technical and again BTC.D going up usually effects the Altcoin/BTC pair as Bitcoin gains more worth than the alt coins in this period. For long term and mid term, everything looks good, there is a good potential for another big bull run, some alt coins are going to go 2x - 5x and bitcoin is going toward ATH. *Keep in mind this is not a financial advice*
Long
by Algo_Analyst
Gala complete analysisHello traders, welcome back. I hope everyone is doing good. I decided to write down about my own watchlist during this unstable market, this way you can have a solid strategy on how to react in certain scenarios. during these series of Idea I will be talking about how the charts are looking, support and resistances and also what to expect in short, mid and long term. * Keep in mind this is not a financial advice * Gala had rose real high, after that big bull run we had a quite good correction in price ( Orange trend line ), recently price broke out of the trend line, did a pull back and went up for around 30%. as you can see, I have market two major support zones, in the previous market crash, we touched the lowest one which was a great entry, now what expect is that we will be in this range for a while. if you are willing to buy this crypto, two support zones are the best place to have a buy order : I believe we had our first leg up and now there is one more leg left, so my long term prediction would be 1.17$ Good luck don't forget to like and subscribe ;)
Long
by Algo_Analyst
2
Bearish on Bank Of America (BAC)This is my first time publishing any analysis and I have also not been analyzing charts for to long. This post is more so looking for feedback on my analysis, but if it helps others, then great. That being said, I am confident in shorting BAC as a result of the bearish indicators shown in my chart. For one, it is hovering above a support level that I think needs to be hit before BAC rebounds. My other reasoning is the the 50 day and 100 day moving averages are crossing. The third reasoning shown in my analysis is the "Bearish Cup and Handle Pattern." Also not drawn in what I believe to be a bearish pennant pattern. These reasons are why I have a bearish bias on BAC. As I said before, I am new to this, so any feedback would be MUCH appreciated. (Not Financial Advice)
NYSE:BACShort
by inactiveaccountdontfollow
1